RE-TURN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RE-TURN
Largest movements
- Tangible fixed assets +€17,283
up €17,283 (+109.6%), from €15,769 to €33,052
- Receivables within one year +€6,033
up €6,033 (+277.8%), from €2,172 to €8,205
of which Trade receivables: +€8,205
- Cash +€4,881
up €4,881 (+9.7%), from €50,336 to €55,217
mainly Net result for the year (+€23,875) and Depreciation (+€15,089)
- Reserves +€23,875
up €23,875 (+50.8%), from €47,017 to €70,891
- Tax, wage and social debts +€1,996
up €1,996 (+30.6%), from €6,529 to €8,525
- Trade debts +€1,100
up €1,100 (+28.6%), from €3,850 to €4,951
- Gross operating margin +€32,830
up €32,830 (+128.4%), from €25,575 to €58,405
- Depreciation +€12,725
up €12,725 (+538.1%), from €2,365 to €15,089
- Taxes +€4,886
up €4,886 (+65.0%), from €7,514 to €12,399
- Other operating charges +€3,201
up €3,201 (+107.8%), from €2,968 to €6,169
- Financial income -€907
down €907 (-97.6%), from €929 to €22
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,130 | €97,673 | +€27,543 | +39.3% |
| Fixed assets | 21/28 | €15,769 | €33,052 | +€17,283 | +109.6% |
| Tangible fixed assets | 22/27 | €15,769 | €33,052 | +€17,283 | +109.6% |
| Furniture and vehicles | 24 | €15,769 | €33,052 | +€17,283 | +109.6% |
| Current assets | 29/58 | €54,361 | €64,621 | +€10,261 | +18.9% |
| Amounts receivable within one year | 40/41 | €2,172 | €8,205 | +€6,033 | +277.8% |
| Trade receivables | 40 | - | €8,205 | +€8,205 | |
| Other amounts receivable | 41 | €2,172 | - | -€2,172 | |
| Cash at bank and in hand | 54/58 | €50,336 | €55,217 | +€4,881 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,853 | €1,199 | -€653 | -35.3% |
| Total equity and liabilities | 10/49 | €70,130 | €97,673 | +€27,543 | +39.3% |
| Equity | 10/15 | €47,017 | €70,891 | +€23,875 | +50.8% |
| Reserves | 13 | €47,017 | €70,891 | +€23,875 | +50.8% |
| Distributable reserves | 133 | €47,017 | €70,891 | +€23,875 | +50.8% |
| Amounts payable | 17/49 | €23,113 | €26,782 | +€3,669 | +15.9% |
| Amounts payable within one year | 42/48 | €22,201 | €25,925 | +€3,724 | +16.8% |
| Trade debts | 44 | €3,850 | €4,951 | +€1,100 | +28.6% |
| Suppliers | 440/4 | €3,850 | €4,951 | +€1,100 | +28.6% |
| Taxes, remuneration and social security | 45 | €6,529 | €8,525 | +€1,996 | +30.6% |
| Taxes | 450/3 | €6,529 | €8,525 | +€1,996 | +30.6% |
| Other amounts payable | 47/48 | €11,822 | €12,449 | +€627 | +5.3% |
| Accrued charges and deferred income | 492/3 | €912 | €857 | -€55 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,365 | €15,089 | +€12,725 | +538.1% |
| Other operating charges | 640/8 | €2,968 | €6,169 | +€3,201 | +107.8% |
| Gross operating margin | 9900 | €25,575 | €58,405 | +€32,830 | +128.4% |
| Operating profit (loss) | 9901 | €20,243 | €37,147 | +€16,905 | +83.5% |
| Financial income | 75/76B | €929 | €22 | -€907 | -97.6% |
| Recurring financial income | 75 | €929 | €22 | -€907 | -97.6% |
| Financial charges | 65/66B | €943 | €896 | -€47 | -5.0% |
| Recurring financial charges | 65 | €943 | €896 | -€47 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €20,229 | €36,274 | +€16,045 | +79.3% |
| Income taxes | 67/77 | €7,514 | €12,399 | +€4,886 | +65.0% |
| Profit (loss) for the period | 9904 | €12,716 | €23,875 | +€11,159 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,716 | €23,875 | +€11,159 | +87.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.