RETCOM: 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.
RETCOM
Largest movements
- Receivables after one year -€45,000
down €45,000 (-86.1%), from €52,267 to €7,267
of which Trade receivables: -€52,267
- Receivables within one year +€37,341
up €37,341 (+178.2%), from €20,950 to €58,291
of which Other amounts receivable: +€43,391
- Current investments +€12,000
up €12,000 (+44.8%), from €26,812 to €38,812
- Cash -€11,994
down €11,994 (-16.7%), from €71,735 to €59,741
mainly Receivables within one year (-€37,341) and Contributions, distributions and other (-€15,764)
- Deferred charges and accrued income +€2,088
up €2,088 (+579.2%), from €361 to €2,449
- Current portion of long-term debt +€12,534
new in 2025: €12,534
- Tax, wage and social debts -€8,842
down €8,842 (-59.5%), from €14,849 to €6,006
of which Taxes: -€8,842
- Reserves -€7,736
down €7,736 (-5.6%), from €139,104 to €131,368
of which Non-distributable reserves: -€4,141
- Short-term financial debts -€5,018
down €5,018 (-100.0%), from €5,018 to €0
- Other debts +€2,675
up €2,675 (+23.4%), from €11,441 to €14,116
- Gross operating margin -€61,196
down €61,196 (-82.5%), from €74,188 to €12,991
- Taxes -€16,322
down €16,322 (-79.7%), from €20,483 to €4,161
- Financial income +€1,547
up €1,547 (+390.3%), from €396 to €1,943
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 | €174,967 | €170,976 | -€3,991 | -2.3% |
| Fixed assets | 21/28 | €2,842 | €4,416 | +€1,574 | +55.4% |
| Tangible fixed assets | 22/27 | €2,842 | €4,416 | +€1,574 | +55.4% |
| Furniture and vehicles | 24 | €1,556 | €3,382 | +€1,827 | +117.4% |
| Other tangible fixed assets | 26 | €1,286 | €1,034 | -€252 | -19.6% |
| Current assets | 29/58 | €172,125 | €166,560 | -€5,565 | -3.2% |
| Amounts receivable after more than one year | 29 | €52,267 | €7,267 | -€45,000 | -86.1% |
| Trade receivables | 290 | €52,267 | - | -€52,267 | |
| Other amounts receivable | 291 | - | €7,267 | +€7,267 | |
| Amounts receivable within one year | 40/41 | €20,950 | €58,291 | +€37,341 | +178.2% |
| Trade receivables | 40 | €18,150 | €12,100 | -€6,050 | -33.3% |
| Other amounts receivable | 41 | €2,800 | €46,191 | +€43,391 | +1549.6% |
| Current investments | 50/53 | €26,812 | €38,812 | +€12,000 | +44.8% |
| Cash at bank and in hand | 54/58 | €71,735 | €59,741 | -€11,994 | -16.7% |
| Deferred charges and accrued income | 490/1 | €361 | €2,449 | +€2,088 | +579.2% |
| Total equity and liabilities | 10/49 | €174,967 | €170,976 | -€3,991 | -2.3% |
| Equity | 10/15 | €139,204 | €131,468 | -€7,736 | -5.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €139,104 | €131,368 | -€7,736 | -5.6% |
| Non-distributable reserves | 130/1 | €10,178 | €6,037 | -€4,141 | -40.7% |
| Reserves not available under the articles | 1311 | €10,178 | €6,037 | -€4,141 | -40.7% |
| Distributable reserves | 133 | €128,925 | €125,330 | -€3,595 | -2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,763 | €39,508 | +€3,745 | +10.5% |
| Amounts payable within one year | 42/48 | €34,909 | €38,654 | +€3,745 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,534 | +€12,534 | |
| Financial debts | 43 | €5,018 | €0 | -€5,018 | -100.0% |
| Credit institutions | 430/8 | €5,018 | €0 | -€5,018 | -100.0% |
| Trade debts | 44 | €3,601 | €5,997 | +€2,396 | +66.5% |
| Suppliers | 440/4 | €3,601 | €5,997 | +€2,396 | +66.5% |
| Taxes, remuneration and social security | 45 | €14,849 | €6,006 | -€8,842 | -59.5% |
| Taxes | 450/3 | €12,849 | €4,006 | -€8,842 | -68.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,441 | €14,116 | +€2,675 | +23.4% |
| Accrued charges and deferred income | 492/3 | €854 | €854 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,290 | +€75 | +6.1% |
| Other operating charges | 640/8 | €171 | €610 | +€439 | +256.8% |
| Gross operating margin | 9900 | €74,188 | €12,991 | -€61,196 | -82.5% |
| Operating profit (loss) | 9901 | €72,801 | €10,841 | -€61,960 | -85.1% |
| Financial income | 75/76B | €396 | €1,943 | +€1,547 | +390.3% |
| Recurring financial income | 75 | €396 | €1,943 | +€1,547 | +390.3% |
| Financial charges | 65/66B | €493 | €595 | +€102 | +20.7% |
| Recurring financial charges | 65 | €493 | €595 | +€102 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €72,704 | €12,189 | -€60,515 | -83.2% |
| Income taxes | 67/77 | €20,483 | €4,161 | -€16,322 | -79.7% |
| Profit (loss) for the period | 9904 | €52,221 | €8,028 | -€44,193 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,221 | €8,028 | -€44,193 | -84.6% |
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 12 October 2026 via checked.be.