RESTELLE: what changed
Two financial 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.
RESTELLE
Largest movements
- Tangible fixed assets -€25,197
down €25,197 (-7.6%), from €333,580 to €308,383
- Cash +€11,327
up €11,327 (+160%), from €7,063 to €18,390
mainly Depreciation (+€42,708) and Net result for the year (+€28,718)
- Stocks and contracts +€9,771
up €9,771 (+109%), from €8,930 to €18,701
- Debts after one year -€37,169
down €37,169 (-29.3%), from €126,885 to €89,716
- Reserves +€25,552
up €25,552 (+76.4%), from €33,436 to €58,987
- Trade debts -€21,760
down €21,760 (-38.3%), from €56,823 to €35,063
- Other debts +€15,237
up €15,237 (+21.2%), from €71,956 to €87,193
- Tax, wage and social debts +€13,289
up €13,289 (+218%), from €6,092 to €19,381
of which Taxes: +€10,839
- Staff costs -€13,488
down €13,488 (-21.0%), from €64,274 to €50,786
- Gross operating margin +€8,007
up €8,007 (+5.9%), from €136,309 to €144,315
- Depreciation -€7,049
down €7,049 (-14.2%), from €49,757 to €42,708
- Taxes +€6,046
new in 2025: €6,046
- Financial charges +€5,893
up €5,893 (+74.2%), from €7,939 to €13,832
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.
Derived cash bridge
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 | €354,883 | €352,509 | -€2,374 | -0.7% |
| Formation expenses | 20 | €963 | €651 | -€312 | -32.4% |
| Fixed assets | 21/28 | €333,887 | €308,600 | -€25,287 | -7.6% |
| Intangible fixed assets | 21 | €306 | €216 | -€90 | -29.4% |
| Tangible fixed assets | 22/27 | €333,580 | €308,383 | -€25,197 | -7.6% |
| Plant, machinery and equipment | 23 | €35,839 | €34,524 | -€1,315 | -3.7% |
| Furniture and vehicles | 24 | €24,288 | €23,187 | -€1,101 | -4.5% |
| Leasing and similar rights | 25 | €50,186 | €39,649 | -€10,537 | -21.0% |
| Other tangible fixed assets | 26 | €223,268 | €211,024 | -€12,244 | -5.5% |
| Current assets | 29/58 | €20,033 | €43,259 | +€23,226 | +116% |
| Stocks and contracts in progress | 3 | €8,930 | €18,701 | +€9,771 | +109% |
| Stocks | 30/36 | €8,930 | €18,701 | +€9,771 | +109% |
| Amounts receivable within one year | 40/41 | €2,579 | €5,028 | +€2,449 | +95.0% |
| Trade receivables | 40 | €624 | €5,028 | +€4,405 | +706% |
| Other amounts receivable | 41 | €1,956 | - | -€1,956 | |
| Cash at bank and in hand | 54/58 | €7,063 | €18,390 | +€11,327 | +160% |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,140 | -€322 | -22.0% |
| Total equity and liabilities | 10/49 | €354,883 | €352,509 | -€2,374 | -0.7% |
| Equity | 10/15 | €58,436 | €83,987 | +€25,552 | +43.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €33,436 | €58,987 | +€25,552 | +76.4% |
| Distributable reserves | 133 | €33,436 | €58,987 | +€25,552 | +76.4% |
| Amounts payable | 17/49 | €296,447 | €268,522 | -€27,925 | -9.4% |
| Amounts payable after more than one year | 17 | €126,885 | €89,716 | -€37,169 | -29.3% |
| Financial debts | 170/4 | €126,885 | €89,716 | -€37,169 | -29.3% |
| Amounts payable within one year | 42/48 | €169,563 | €178,806 | +€9,244 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €34,692 | €37,169 | +€2,477 | +7.1% |
| Trade debts | 44 | €56,823 | €35,063 | -€21,760 | -38.3% |
| Suppliers | 440/4 | €56,823 | €35,063 | -€21,760 | -38.3% |
| Taxes, remuneration and social security | 45 | €6,092 | €19,381 | +€13,289 | +218% |
| Taxes | 450/3 | - | €10,839 | +€10,839 | |
| Remuneration and social security | 454/9 | €6,092 | €8,542 | +€2,450 | +40.2% |
| Other amounts payable | 47/48 | €71,956 | €87,193 | +€15,237 | +21.2% |
| Remuneration, social security and pensions | 62 | €64,274 | €50,786 | -€13,488 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,757 | €42,708 | -€7,049 | -14.2% |
| Other operating charges | 640/8 | €1,233 | €2,231 | +€998 | +80.9% |
| Gross operating margin | 9900 | €136,309 | €144,315 | +€8,007 | +5.9% |
| Operating profit (loss) | 9901 | €21,044 | €48,590 | +€27,546 | +131% |
| Financial income | 75/76B | €96 | €5 | -€91 | -94.6% |
| Recurring financial income | 75 | €96 | €5 | -€91 | -94.6% |
| Financial charges | 65/66B | €7,939 | €13,832 | +€5,893 | +74.2% |
| Recurring financial charges | 65 | €7,939 | €13,832 | +€5,893 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €13,202 | €34,763 | +€21,562 | +163% |
| Income taxes | 67/77 | - | €6,046 | +€6,046 | |
| Profit (loss) for the period | 9904 | €13,202 | €28,718 | +€15,516 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €13,202 | €28,718 | +€15,516 | +118% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.