RETEC INSTRUMENTS: 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 INSTRUMENTS
Largest movements
- Stocks and contracts +€120,440
up €120,440 (+28.4%), from €424,681 to €545,120
- Cash -€88,566
down €88,566 (-54.2%), from €163,426 to €74,860
mainly Contributions, distributions and other (-€716,059) and Stocks and contracts (-€120,440)
- Receivables within one year -€87,077
down €87,077 (-10.8%), from €808,773 to €721,696
of which Trade receivables: -€66,040
- Profit (loss) carried forward -€183,010
down €183,010 (-99.4%), from €184,059 to €1,049
- Trade debts +€94,998
up €94,998 (+28.0%), from €339,774 to €434,772
- Other debts +€33,290
up €33,290 (+5.2%), from €639,086 to €672,376
- Debts after one year -€19,322
down €19,322 (-24.0%), from €80,414 to €61,093
- Gross operating margin -€39,492
down €39,492 (-3.7%), from €1.1m to €1.0m
- Staff costs +€25,969
up €25,969 (+7.1%), from €367,841 to €393,810
- Financial charges +€25,165
up €25,165 (+168.1%), from €14,974 to €40,139
- Financial income -€18,663
down €18,663 (-45.4%), from €41,078 to €22,416
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 | €1,569,990 | €1,502,287 | -€67,702 | -4.3% |
| Fixed assets | 21/28 | €150,667 | €136,707 | -€13,960 | -9.3% |
| Tangible fixed assets | 22/27 | €150,627 | €136,667 | -€13,960 | -9.3% |
| Plant, machinery and equipment | 23 | €19,479 | €16,508 | -€2,971 | -15.3% |
| Furniture and vehicles | 24 | €6,766 | €5,077 | -€1,689 | -25.0% |
| Other tangible fixed assets | 26 | €124,383 | €115,082 | -€9,300 | -7.5% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €1,419,322 | €1,365,580 | -€53,742 | -3.8% |
| Stocks and contracts in progress | 3 | €424,681 | €545,120 | +€120,440 | +28.4% |
| Stocks | 30/36 | €424,681 | €545,120 | +€120,440 | +28.4% |
| Amounts receivable within one year | 40/41 | €808,773 | €721,696 | -€87,077 | -10.8% |
| Trade receivables | 40 | €772,161 | €706,121 | -€66,040 | -8.6% |
| Other amounts receivable | 41 | €36,612 | €15,575 | -€21,037 | -57.5% |
| Cash at bank and in hand | 54/58 | €163,426 | €74,860 | -€88,566 | -54.2% |
| Deferred charges and accrued income | 490/1 | €22,442 | €23,904 | +€1,462 | +6.5% |
| Total equity and liabilities | 10/49 | €1,569,990 | €1,502,287 | -€67,702 | -4.3% |
| Equity | 10/15 | €308,970 | €125,959 | -€183,010 | -59.2% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €37,911 | €37,911 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,911 | €37,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,059 | €1,049 | -€183,010 | -99.4% |
| Amounts payable | 17/49 | €1,261,020 | €1,376,328 | +€115,308 | +9.1% |
| Amounts payable after more than one year | 17 | €80,414 | €61,093 | -€19,322 | -24.0% |
| Financial debts | 170/4 | €80,414 | €61,093 | -€19,322 | -24.0% |
| Amounts payable within one year | 42/48 | €1,150,305 | €1,288,922 | +€138,617 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €23,631 | €23,517 | -€115 | -0.5% |
| Trade debts | 44 | €339,774 | €434,772 | +€94,998 | +28.0% |
| Suppliers | 440/4 | €339,774 | €434,772 | +€94,998 | +28.0% |
| Taxes, remuneration and social security | 45 | €147,815 | €158,257 | +€10,442 | +7.1% |
| Taxes | 450/3 | €100,683 | €116,300 | +€15,617 | +15.5% |
| Remuneration and social security | 454/9 | €47,132 | €41,957 | -€5,174 | -11.0% |
| Other amounts payable | 47/48 | €639,086 | €672,376 | +€33,290 | +5.2% |
| Accrued charges and deferred income | 492/3 | €30,300 | €26,313 | -€3,987 | -13.2% |
| Remuneration, social security and pensions | 62 | €367,841 | €393,810 | +€25,969 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,437 | €17,288 | -€149 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,365 | - | -€4,365 | |
| Other operating charges | 640/8 | €2,586 | €2,003 | -€583 | -22.5% |
| Gross operating margin | 9900 | €1,079,868 | €1,040,376 | -€39,492 | -3.7% |
| Operating profit (loss) | 9901 | €687,640 | €627,275 | -€60,364 | -8.8% |
| Financial income | 75/76B | €41,078 | €22,416 | -€18,663 | -45.4% |
| Recurring financial income | 75 | €41,078 | €22,416 | -€18,663 | -45.4% |
| Financial charges | 65/66B | €14,974 | €40,139 | +€25,165 | +168.1% |
| Recurring financial charges | 65 | €14,974 | €40,139 | +€25,165 | +168.1% |
| Profit (loss) for the period before taxes | 9903 | €713,744 | €609,552 | -€104,192 | -14.6% |
| Income taxes | 67/77 | €69,185 | €76,503 | +€7,318 | +10.6% |
| Profit (loss) for the period | 9904 | €644,559 | €533,049 | -€111,510 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €644,559 | €533,049 | -€111,510 | -17.3% |
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 2 October 2026 via checked.be.