Restiriors: what changed
What changed
Restiriors
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€113,610
2024 · €178,920-€65,310
Equity
€649,419
2024 · €535,808+€113,610
Cash
€11,255
2024 · €181,786-€170,531
Balance sheet total
€3.9m
2024 · €2.5m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+163%), from €628,511 to €1.7m
of which Land and buildings: +€774,868
- Receivables within one year +€334,031
up €334,031 (+92.0%), from €363,001 to €697,033
of which Other amounts receivable: +€256,874
- Stocks and contracts +€220,455
up €220,455 (+16.9%), from €1.3m to €1.5m
- Cash -€170,531
down €170,531 (-93.8%), from €181,786 to €11,255
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€334,031)
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+124%), from €911,961 to €2.0m
- Other debts -€117,416
down €117,416 (-86.8%), from €135,332 to €17,916
- Reserves +€113,610
up €113,610 (+22.0%), from €517,208 to €630,819
- Trade debts +€112,308
up €112,308 (+28.7%), from €391,515 to €503,824
- Tax, wage and social debts +€92,970
up €92,970 (+221%), from €42,046 to €135,016
of which Taxes: +€83,545
Income statement
- Gross operating margin -€162,536
down €162,536 (-25.1%), from €647,679 to €485,143
- Write-downs -€152,023
down €152,023, from €151,357 to -€666
- Taxes -€31,955
down €31,955 (-52.0%), from €61,410 to €29,455
- Depreciation +€27,486
up €27,486 (+43.3%), from €63,471 to €90,957
- Staff costs +€21,689
up €21,689 (+18.8%), from €115,405 to €137,094
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€178,920
Gross operating margin
-€162,536
Staff costs
-€21,689
Depreciation
-€27,486
Write-downs
+€152,023
Other operating charges
-€19,188
Other operating items
-€3,485
Financial income
+€1,453
Financial charges
-€16,357
Taxes
+€31,955
Result 2025
€113,610
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€276,816
Investment
-€1.1m
Financing
+€1.2m
Cash 2024
€181,786
From operations (derived)
-€276,816
Net result for the year
+€113,610
Depreciation
+€90,957
Stocks and contracts
-€220,455
Receivables within one year
-€334,031
Deferred charges and accrued income
-€1,690
Trade debts
+€112,308
Tax, wage and social debts
+€92,970
Advances received
-€8,509
Other debts
-€117,416
Accrued charges and deferred income
-€4,561
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
-€13,000
Financing
+€1.2m
Debts after one year
+€1.1m
Current portion of long-term debt
+€39,615
Short-term financial debts
+€71,795
Cash 2025
€11,255
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,516,160 | €3,949,665 | +€1.4m | +57.0% |
| Fixed assets | 21/28 | €629,265 | €1,664,124 | +€1.0m | +164% |
| Intangible fixed assets | 21 | €254 | €7,979 | +€7,725 | +3,042% |
| Tangible fixed assets | 22/27 | €628,511 | €1,655,644 | +€1.0m | +163% |
| Land and buildings | 22 | €580,939 | €1,355,807 | +€774,868 | +133% |
| Plant, machinery and equipment | 23 | €3,836 | €278,455 | +€274,619 | +7,159% |
| Furniture and vehicles | 24 | €38,192 | €19,458 | -€18,734 | -49.1% |
| Other tangible fixed assets | 26 | €5,544 | €1,925 | -€3,620 | -65.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,886,895 | €2,285,541 | +€398,645 | +21.1% |
| Stocks and contracts in progress | 3 | €1,302,513 | €1,522,968 | +€220,455 | +16.9% |
| Stocks | 30/36 | €1,302,513 | €1,522,968 | +€220,455 | +16.9% |
| Amounts receivable within one year | 40/41 | €363,001 | €697,033 | +€334,031 | +92.0% |
| Trade receivables | 40 | €359,390 | €436,547 | +€77,157 | +21.5% |
| Other amounts receivable | 41 | €3,611 | €260,486 | +€256,874 | +7,114% |
| Current investments | 50/53 | €39,333 | €52,333 | +€13,000 | +33.1% |
| Cash at bank and in hand | 54/58 | €181,786 | €11,255 | -€170,531 | -93.8% |
| Deferred charges and accrued income | 490/1 | €262 | €1,952 | +€1,690 | +645% |
| Total equity and liabilities | 10/49 | €2,516,160 | €3,949,665 | +€1.4m | +57.0% |
| Equity | 10/15 | €535,808 | €649,419 | +€113,610 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €517,208 | €630,819 | +€113,610 | +22.0% |
| Distributable reserves | 133 | €517,208 | €630,819 | +€113,610 | +22.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,980,352 | €3,300,246 | +€1.3m | +66.6% |
| Amounts payable after more than one year | 17 | €911,961 | €2,045,653 | +€1.1m | +124% |
| Financial debts | 170/4 | €911,961 | €2,045,653 | +€1.1m | +124% |
| Amounts payable within one year | 42/48 | €1,056,119 | €1,246,882 | +€190,762 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €162,920 | €202,535 | +€39,615 | +24.3% |
| Financial debts | 43 | €300,000 | €371,795 | +€71,795 | +23.9% |
| Credit institutions | 430/8 | €300,000 | €371,795 | +€71,795 | +23.9% |
| Trade debts | 44 | €391,515 | €503,824 | +€112,308 | +28.7% |
| Suppliers | 440/4 | €391,515 | €503,824 | +€112,308 | +28.7% |
| Advances received on contracts in progress | 46 | €24,306 | €15,797 | -€8,509 | -35.0% |
| Taxes, remuneration and social security | 45 | €42,046 | €135,016 | +€92,970 | +221% |
| Taxes | 450/3 | €26,751 | €110,296 | +€83,545 | +312% |
| Remuneration and social security | 454/9 | €15,295 | €24,719 | +€9,425 | +61.6% |
| Other amounts payable | 47/48 | €135,332 | €17,916 | -€117,416 | -86.8% |
| Accrued charges and deferred income | 492/3 | €12,272 | €7,711 | -€4,561 | -37.2% |
| Remuneration, social security and pensions | 62 | €115,405 | €137,094 | +€21,689 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,471 | €90,957 | +€27,486 | +43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €151,357 | -€666 | -€152,023 | |
| Other operating charges | 640/8 | €12,307 | €31,495 | +€19,188 | +156% |
| Non-recurring operating charges | 66A | - | €3,485 | +€3,485 | |
| Gross operating margin | 9900 | €647,679 | €485,143 | -€162,536 | -25.1% |
| Operating profit (loss) | 9901 | €305,140 | €222,779 | -€82,361 | -27.0% |
| Financial income | 75/76B | €1,330 | €2,784 | +€1,453 | +109% |
| Recurring financial income | 75 | €1,330 | €2,784 | +€1,453 | +109% |
| Financial charges | 65/66B | €66,140 | €82,497 | +€16,357 | +24.7% |
| Recurring financial charges | 65 | €66,140 | €82,497 | +€16,357 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €240,330 | €143,066 | -€97,264 | -40.5% |
| Income taxes | 67/77 | €61,410 | €29,455 | -€31,955 | -52.0% |
| Profit (loss) for the period | 9904 | €178,920 | €113,610 | -€65,310 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €178,920 | €113,610 | -€65,310 | -36.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.