RETEC: 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.
RETEC
Largest movements
- Cash +€8,320
up €8,320 (+72.1%), from €11,540 to €19,860
mainly Net result for the year (+€19,432) and Depreciation (+€6,709)
- Tangible fixed assets -€6,709
down €6,709 (-2.0%), from €340,586 to €333,877
of which Land and buildings: -€3,510
- Reserves +€19,432
up €19,432 (+54.6%), from €35,569 to €55,001
of which Distributable reserves: +€34,129
- Debts after one year -€14,297
down €14,297 (-13.0%), from €110,139 to €95,842
of which Financial debts: -€14,297
- Gross operating margin +€8,393
up €8,393 (+35.7%), from -€23,503 to -€15,110
- Taxes +€1,612
up €1,612 (+33.4%), from €4,833 to €6,445
- Financial income +€1,147
up €1,147 (+2.1%), from €55,208 to €56,355
of which Financial income: +€1,641
- Financial charges -€612
down €612 (-13.1%), from €4,687 to €4,075
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 | €352,182 | €355,225 | +€3,043 | +0.9% |
| Fixed assets | 21/28 | €340,586 | €333,877 | -€6,709 | -2.0% |
| Tangible fixed assets | 22/27 | €340,586 | €333,877 | -€6,709 | -2.0% |
| Land and buildings | 22 | €330,075 | €326,565 | -€3,510 | -1.1% |
| Furniture and vehicles | 24 | €10,511 | €7,312 | -€3,199 | -30.4% |
| Current assets | 29/58 | €11,596 | €21,348 | +€9,752 | +84.1% |
| Amounts receivable within one year | 40/41 | €6 | - | -€6 | |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €11,540 | €19,860 | +€8,320 | +72.1% |
| Deferred charges and accrued income | 490/1 | €50 | €1,488 | +€1,438 | +2876.0% |
| Total equity and liabilities | 10/49 | €352,182 | €355,225 | +€3,043 | +0.9% |
| Equity | 10/15 | €216,565 | €235,997 | +€19,432 | +9.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €35,569 | €55,001 | +€19,432 | +54.6% |
| Tax-exempt reserves | 132 | €14,697 | - | -€14,697 | |
| Distributable reserves | 133 | €20,872 | €55,001 | +€34,129 | +163.5% |
| Profit (loss) carried forward | 14 | €160,536 | €160,536 | = | 0.0% |
| Amounts payable | 17/49 | €135,617 | €119,228 | -€16,389 | -12.1% |
| Amounts payable after more than one year | 17 | €110,139 | €95,842 | -€14,297 | -13.0% |
| Financial debts | 170/4 | €89,923 | €75,626 | -€14,297 | -15.9% |
| Other amounts payable | 178/9 | €20,216 | €20,216 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,811 | €22,456 | -€1,355 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €15,913 | €14,297 | -€1,616 | -10.2% |
| Trade debts | 44 | €5,845 | €4,696 | -€1,149 | -19.7% |
| Suppliers | 440/4 | €5,845 | €4,696 | -€1,149 | -19.7% |
| Taxes, remuneration and social security | 45 | €669 | €1,954 | +€1,285 | +192.1% |
| Taxes | 450/3 | €669 | €1,954 | +€1,285 | +192.1% |
| Other amounts payable | 47/48 | €1,384 | €1,509 | +€125 | +9.0% |
| Accrued charges and deferred income | 492/3 | €1,667 | €930 | -€737 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,709 | €6,709 | = | 0.0% |
| Other operating charges | 640/8 | €4,445 | €4,584 | +€139 | +3.1% |
| Gross operating margin | 9900 | -€23,503 | -€15,110 | +€8,393 | +35.7% |
| Operating profit (loss) | 9901 | -€34,657 | -€26,403 | +€8,254 | +23.8% |
| Financial income | 75/76B | €55,208 | €56,355 | +€1,147 | +2.1% |
| Recurring financial income | 75 | €54,714 | €56,355 | +€1,641 | +3.0% |
| Non-recurring financial income | 76B | €494 | - | -€494 | |
| Financial charges | 65/66B | €4,687 | €4,075 | -€612 | -13.1% |
| Recurring financial charges | 65 | €4,687 | €4,075 | -€612 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €15,864 | €25,877 | +€10,013 | +63.1% |
| Income taxes | 67/77 | €4,833 | €6,445 | +€1,612 | +33.4% |
| Profit (loss) for the period | 9904 | €11,031 | €19,432 | +€8,401 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,031 | €19,432 | +€8,401 | +76.2% |
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 29 September 2026 via checked.be.