RESTRO: 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.
RESTRO
Largest movements
- Cash -€39,440
down €39,440 (-10.2%), from €387,937 to €348,496
mainly Contributions, distributions and other (-€414,000) and Investment in fixed assets (net) (-€156,795)
- Receivables within one year -€31,744
down €31,744 (-44.3%), from €71,687 to €39,943
of which Other amounts receivable: -€31,677
- Deferred charges and accrued income +€15,749
up €15,749 (+164.2%), from €9,594 to €25,343
- Other debts -€81,891
down €81,891 (-32.2%), from €254,172 to €172,281
- Tax, wage and social debts +€43,015
up €43,015 (+28.6%), from €150,492 to €193,508
of which Remuneration and social security: +€43,196
- Accrued charges and deferred income -€9,635
no longer reported in 2025 (was €9,635)
- Staff costs +€176,469
up €176,469 (+9.2%), from €1.9m to €2.1m
- Gross operating margin +€83,386
up €83,386 (+3.2%), from €2.6m to €2.7m
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 | €880,724 | €822,298 | -€58,426 | -6.6% |
| Fixed assets | 21/28 | €352,952 | €355,815 | +€2,864 | +0.8% |
| Tangible fixed assets | 22/27 | €349,590 | €352,454 | +€2,864 | +0.8% |
| Plant, machinery and equipment | 23 | €148,816 | €159,114 | +€10,298 | +6.9% |
| Furniture and vehicles | 24 | €56,757 | €56,071 | -€687 | -1.2% |
| Other tangible fixed assets | 26 | €144,017 | €137,269 | -€6,748 | -4.7% |
| Financial fixed assets | 28 | €3,362 | €3,362 | = | 0.0% |
| Current assets | 29/58 | €527,772 | €466,483 | -€61,290 | -11.6% |
| Stocks and contracts in progress | 3 | €58,555 | €52,700 | -€5,855 | -10.0% |
| Stocks | 30/36 | €58,555 | €52,700 | -€5,855 | -10.0% |
| Amounts receivable within one year | 40/41 | €71,687 | €39,943 | -€31,744 | -44.3% |
| Trade receivables | 40 | €11,261 | €11,195 | -€67 | -0.6% |
| Other amounts receivable | 41 | €60,425 | €28,748 | -€31,677 | -52.4% |
| Cash at bank and in hand | 54/58 | €387,937 | €348,496 | -€39,440 | -10.2% |
| Deferred charges and accrued income | 490/1 | €9,594 | €25,343 | +€15,749 | +164.2% |
| Total equity and liabilities | 10/49 | €880,724 | €822,298 | -€58,426 | -6.6% |
| Equity | 10/15 | €288,556 | €295,109 | +€6,553 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,956 | €276,509 | +€6,553 | +2.4% |
| Tax-exempt reserves | 132 | €24,540 | €24,540 | = | 0.0% |
| Distributable reserves | 133 | €245,416 | €251,969 | +€6,553 | +2.7% |
| Amounts payable | 17/49 | €592,168 | €527,189 | -€64,979 | -11.0% |
| Amounts payable after more than one year | 17 | €2,635 | - | -€2,635 | |
| Financial debts | 170/4 | €2,635 | - | -€2,635 | |
| Amounts payable within one year | 42/48 | €579,898 | €527,189 | -€52,709 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €10,411 | €2,635 | -€7,776 | -74.7% |
| Financial debts | 43 | €448 | - | -€448 | |
| Credit institutions | 430/8 | €448 | - | -€448 | |
| Trade debts | 44 | €164,375 | €158,765 | -€5,610 | -3.4% |
| Suppliers | 440/4 | €164,375 | €158,765 | -€5,610 | -3.4% |
| Taxes, remuneration and social security | 45 | €150,492 | €193,508 | +€43,015 | +28.6% |
| Taxes | 450/3 | €23,928 | €23,748 | -€180 | -0.8% |
| Remuneration and social security | 454/9 | €126,564 | €169,760 | +€43,196 | +34.1% |
| Other amounts payable | 47/48 | €254,172 | €172,281 | -€81,891 | -32.2% |
| Accrued charges and deferred income | 492/3 | €9,635 | - | -€9,635 | |
| Non-recurring operating income | 76A | €5,680 | €14,164 | +€8,485 | +149.4% |
| Remuneration, social security and pensions | 62 | €1,917,950 | €2,094,419 | +€176,469 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,044 | €153,931 | +€18,887 | +14.0% |
| Other operating charges | 640/8 | €17,677 | €14,213 | -€3,464 | -19.6% |
| Gross operating margin | 9900 | €2,618,117 | €2,701,503 | +€83,386 | +3.2% |
| Operating profit (loss) | 9901 | €547,446 | €438,940 | -€108,506 | -19.8% |
| Financial income | 75/76B | €1,443 | €2,459 | +€1,017 | +70.5% |
| Recurring financial income | 75 | €1,443 | €2,459 | +€1,017 | +70.5% |
| Financial charges | 65/66B | €18,722 | €19,595 | +€873 | +4.7% |
| Recurring financial charges | 65 | €18,722 | €19,595 | +€873 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €530,166 | €421,804 | -€108,362 | -20.4% |
| Income taxes | 67/77 | €4,765 | €1,251 | -€3,514 | -73.7% |
| Profit (loss) for the period | 9904 | €525,401 | €420,553 | -€104,847 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €525,401 | €420,553 | -€104,847 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.