Restoduc: 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.
Restoduc
Largest movements
- Cash -€62,288
down €62,288 (-51.5%), from €120,868 to €58,581
mainly Investment in fixed assets (net) (-€59,013) and Debts after one year (-€56,709)
- Receivables within one year +€31,088
up €31,088 (+25.0%), from €124,240 to €155,328
of which Trade receivables: +€25,074
- Debts after one year -€56,709
down €56,709 (-11.0%), from €514,040 to €457,331
- Trade debts +€45,591
up €45,591 (+181.4%), from €25,127 to €70,718
- Gross operating margin +€8,373
up €8,373 (+17.9%), from €46,841 to €55,214
- Depreciation +€2,199
up €2,199 (+4.5%), from €48,911 to €51,110
- Financial charges -€1,651
down €1,651 (-17.3%), from €9,524 to €7,872
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 | €1,577,578 | €1,553,673 | -€23,905 | -1.5% |
| Fixed assets | 21/28 | €1,330,346 | €1,338,249 | +€7,903 | +0.6% |
| Tangible fixed assets | 22/27 | €1,329,254 | €1,337,158 | +€7,903 | +0.6% |
| Land and buildings | 22 | €1,329,254 | €1,337,158 | +€7,903 | +0.6% |
| Financial fixed assets | 28 | €1,092 | €1,092 | = | 0.0% |
| Current assets | 29/58 | €247,232 | €215,424 | -€31,808 | -12.9% |
| Amounts receivable within one year | 40/41 | €124,240 | €155,328 | +€31,088 | +25.0% |
| Trade receivables | 40 | €23,579 | €48,653 | +€25,074 | +106.3% |
| Other amounts receivable | 41 | €100,661 | €106,675 | +€6,014 | +6.0% |
| Cash at bank and in hand | 54/58 | €120,868 | €58,581 | -€62,288 | -51.5% |
| Deferred charges and accrued income | 490/1 | €2,124 | €1,515 | -€608 | -28.6% |
| Total equity and liabilities | 10/49 | €1,577,578 | €1,553,673 | -€23,905 | -1.5% |
| Equity | 10/15 | €764,093 | €753,960 | -€10,133 | -1.3% |
| Contributions | 10/11 | €88,029 | €88,029 | = | 0.0% |
| Capital | 10 | €88,029 | €88,029 | = | 0.0% |
| Issued capital | 100 | €88,029 | €88,029 | = | 0.0% |
| Reserves | 13 | €675,499 | €659,867 | -€15,632 | -2.3% |
| Non-distributable reserves | 130/1 | €8,803 | €8,803 | = | 0.0% |
| Legal reserve | 130 | €8,803 | €8,803 | = | 0.0% |
| Tax-exempt reserves | 132 | €411,696 | €396,064 | -€15,632 | -3.8% |
| Distributable reserves | 133 | €255,000 | €255,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €564 | €6,064 | +€5,500 | +974.6% |
| Provisions and deferred taxes | 16 | €211,991 | €203,942 | -€8,049 | -3.8% |
| Deferred taxes | 168 | €211,991 | €203,942 | -€8,049 | -3.8% |
| Amounts payable | 17/49 | €601,494 | €595,771 | -€5,723 | -1.0% |
| Amounts payable after more than one year | 17 | €514,040 | €457,331 | -€56,709 | -11.0% |
| Financial debts | 170/4 | €514,040 | €457,331 | -€56,709 | -11.0% |
| Amounts payable within one year | 42/48 | €87,454 | €138,440 | +€50,986 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €55,964 | €56,709 | +€745 | +1.3% |
| Trade debts | 44 | €25,127 | €70,718 | +€45,591 | +181.4% |
| Suppliers | 440/4 | €25,127 | €70,718 | +€45,591 | +181.4% |
| Other amounts payable | 47/48 | €6,363 | €11,013 | +€4,650 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,911 | €51,110 | +€2,199 | +4.5% |
| Other operating charges | 640/8 | €14,429 | €14,414 | -€14 | -0.1% |
| Gross operating margin | 9900 | €46,841 | €55,214 | +€8,373 | +17.9% |
| Operating profit (loss) | 9901 | -€16,498 | -€10,310 | +€6,188 | +37.5% |
| Financial charges | 65/66B | €9,524 | €7,872 | -€1,651 | -17.3% |
| Recurring financial charges | 65 | €9,524 | €7,872 | -€1,651 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,022 | -€18,182 | +€7,839 | +30.1% |
| Transfer from deferred taxes | 780 | €8,049 | €8,049 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€17,972 | -€10,133 | +€7,839 | +43.6% |
| Transfer from tax-exempt reserves | 789 | €15,632 | €15,632 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,340 | €5,500 | +€7,839 |
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 4 October 2026 via checked.be.