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
- Tangible fixed assets +€4,099
new in 2025: €4,099
- Cash -€1,811
down €1,811 (-49.9%), from €3,628 to €1,816
mainly Investment in fixed assets (net) (-€4,450) and Receivables within one year (-€765)
- Trade debts +€1,553
up €1,553 (+1.4%), from €113,727 to €115,280
- Staff costs +€10,762
up €10,762, from €0 to €10,762
- Gross operating margin -€1,933
down €1,933 (-13.2%), from €14,674 to €12,741
- Other operating charges -€614
down €614 (-62.5%), from €982 to €369
- Depreciation +€351
new in 2025: €351
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 | €126,078 | €129,131 | +€3,053 | +2.4% |
| Fixed assets | 21/28 | - | €4,099 | +€4,099 | |
| Tangible fixed assets | 22/27 | - | €4,099 | +€4,099 | |
| Furniture and vehicles | 24 | - | €4,099 | +€4,099 | |
| Current assets | 29/58 | €126,078 | €125,032 | -€1,046 | -0.8% |
| Amounts receivable within one year | 40/41 | €122,451 | €123,216 | +€765 | +0.6% |
| Trade receivables | 40 | €122,451 | €114,215 | -€8,236 | -6.7% |
| Other amounts receivable | 41 | - | €9,001 | +€9,001 | |
| Cash at bank and in hand | 54/58 | €3,628 | €1,816 | -€1,811 | -49.9% |
| Total equity and liabilities | 10/49 | €126,078 | €129,131 | +€3,053 | +2.4% |
| Equity | 10/15 | €7,057 | €8,107 | +€1,051 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,554 | €3,554 | = | 0.0% |
| Distributable reserves | 133 | €3,554 | €3,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,697 | -€1,647 | +€1,051 | +38.9% |
| Amounts payable | 17/49 | €119,022 | €121,024 | +€2,002 | +1.7% |
| Amounts payable within one year | 42/48 | €115,392 | €117,394 | +€2,002 | +1.7% |
| Trade debts | 44 | €113,727 | €115,280 | +€1,553 | +1.4% |
| Suppliers | 440/4 | €113,727 | €115,280 | +€1,553 | +1.4% |
| Taxes, remuneration and social security | 45 | €1,664 | €2,113 | +€449 | +27.0% |
| Taxes | 450/3 | €1,664 | €0 | -€1,664 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,113 | +€2,113 | |
| Accrued charges and deferred income | 492/3 | €3,630 | €3,630 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | €10,762 | +€10,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €351 | +€351 | |
| Other operating charges | 640/8 | €982 | €369 | -€614 | -62.5% |
| Gross operating margin | 9900 | €14,674 | €12,741 | -€1,933 | -13.2% |
| Operating profit (loss) | 9901 | €13,691 | €1,259 | -€12,432 | -90.8% |
| Financial income | 75/76B | €8 | €10 | +€2 | +20.7% |
| Recurring financial income | 75 | €8 | €10 | +€2 | +20.7% |
| Financial charges | 65/66B | €248 | €219 | -€29 | -11.9% |
| Recurring financial charges | 65 | €248 | €219 | -€29 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €13,451 | €1,051 | -€12,401 | -92.2% |
| Profit (loss) for the period | 9904 | €13,451 | €1,051 | -€12,401 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,451 | €1,051 | -€12,401 | -92.2% |
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 30 September 2026 via checked.be.