RETETI: 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.
RETETI
Largest movements
- Tangible fixed assets +€26,318
up €26,318 (+20.8%), from €126,788 to €153,106
of which Plant, machinery and equipment: +€31,949
- Cash +€17,989
up €17,989 (+19.1%), from €94,162 to €112,150
mainly Net result for the year (+€62,286) and Depreciation (+€48,419)
- Reserves +€62,286
up €62,286 (+43.1%), from €144,592 to €206,878
- Current portion of long-term debt -€13,951
down €13,951 (-41.6%), from €33,563 to €19,612
- Debts after one year -€10,056
down €10,056 (-34.7%), from €28,991 to €18,935
- Tax, wage and social debts +€5,632
up €5,632 (+40.5%), from €13,915 to €19,548
of which Taxes: +€5,461
- Staff costs -€4,709
down €4,709 (-7.8%), from €60,140 to €55,431
- Financial income +€2,414
up €2,414 (+36.9%), from €6,538 to €8,953
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.
Derived cash bridge
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 | €386,562 | €427,778 | +€41,215 | +10.7% |
| Fixed assets | 21/28 | €133,235 | €159,554 | +€26,318 | +19.8% |
| Tangible fixed assets | 22/27 | €126,788 | €153,106 | +€26,318 | +20.8% |
| Plant, machinery and equipment | 23 | €93,960 | €125,910 | +€31,949 | +34.0% |
| Furniture and vehicles | 24 | €25,983 | €20,352 | -€5,631 | -21.7% |
| Other tangible fixed assets | 26 | €6,845 | €6,845 | = | 0.0% |
| Financial fixed assets | 28 | €6,448 | €6,448 | = | 0.0% |
| Current assets | 29/58 | €253,327 | €268,224 | +€14,897 | +5.9% |
| Amounts receivable after more than one year | 29 | €118,531 | €118,531 | = | 0.0% |
| Other amounts receivable | 291 | €118,531 | €118,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,427 | €9,268 | +€841 | +10.0% |
| Trade receivables | 40 | €8,427 | €9,268 | +€841 | +10.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €94,162 | €112,150 | +€17,989 | +19.1% |
| Deferred charges and accrued income | 490/1 | €32,207 | €28,275 | -€3,932 | -12.2% |
| Total equity and liabilities | 10/49 | €386,562 | €427,778 | +€41,215 | +10.7% |
| Equity | 10/15 | €293,684 | €355,970 | +€62,286 | +21.2% |
| Contributions | 10/11 | €149,092 | €149,092 | = | 0.0% |
| Reserves | 13 | €144,592 | €206,878 | +€62,286 | +43.1% |
| Distributable reserves | 133 | €144,592 | €206,878 | +€62,286 | +43.1% |
| Amounts payable | 17/49 | €92,878 | €71,808 | -€21,071 | -22.7% |
| Amounts payable after more than one year | 17 | €28,991 | €18,935 | -€10,056 | -34.7% |
| Financial debts | 170/4 | €28,991 | €18,935 | -€10,056 | -34.7% |
| Amounts payable within one year | 42/48 | €62,359 | €52,073 | -€10,286 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €33,563 | €19,612 | -€13,951 | -41.6% |
| Trade debts | 44 | €14,880 | €12,913 | -€1,967 | -13.2% |
| Suppliers | 440/4 | €14,880 | €12,913 | -€1,967 | -13.2% |
| Taxes, remuneration and social security | 45 | €13,915 | €19,548 | +€5,632 | +40.5% |
| Taxes | 450/3 | €7,690 | €13,150 | +€5,461 | +71.0% |
| Remuneration and social security | 454/9 | €6,226 | €6,397 | +€172 | +2.8% |
| Accrued charges and deferred income | 492/3 | €1,529 | €800 | -€729 | -47.7% |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Remuneration, social security and pensions | 62 | €60,140 | €55,431 | -€4,709 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,172 | €48,419 | -€753 | -1.5% |
| Other operating charges | 640/8 | €796 | €2,064 | +€1,268 | +159% |
| Gross operating margin | 9900 | €181,856 | €183,567 | +€1,711 | +0.9% |
| Operating profit (loss) | 9901 | €71,747 | €77,653 | +€5,906 | +8.2% |
| Financial income | 75/76B | €6,538 | €8,953 | +€2,414 | +36.9% |
| Recurring financial income | 75 | €6,538 | €8,953 | +€2,414 | +36.9% |
| Financial charges | 65/66B | €4,932 | €3,378 | -€1,554 | -31.5% |
| Recurring financial charges | 65 | €4,932 | €3,378 | -€1,554 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €73,353 | €83,227 | +€9,875 | +13.5% |
| Income taxes | 67/77 | €22,007 | €20,941 | -€1,066 | -4.8% |
| Profit (loss) for the period | 9904 | €51,346 | €62,286 | +€10,940 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,346 | €62,286 | +€10,940 | +21.3% |
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 18 October 2026 via checked.be.