RETEXPORT: 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.
RETEXPORT
Largest movements
- Receivables within one year +€3,729
up €3,729 (+28.2%), from €13,213 to €16,942
of which Trade receivables: +€3,016
- Cash -€2,959
down €2,959 (-3.2%), from €92,419 to €89,460
mainly Contributions, distributions and other (-€31,735) and Receivables within one year (-€3,729)
- Tangible fixed assets -€1,649
down €1,649 (-47.4%), from €3,482 to €1,833
- Tax, wage and social debts -€3,546
down €3,546 (-31.4%), from €11,279 to €7,732
- Other debts +€2,155
up €2,155 (+6.7%), from €31,963 to €34,118
- Trade debts +€1,837
up €1,837 (+142%), from €1,290 to €3,127
- Profit (loss) carried forward -€1,323
no longer reported in 2025 (was €1,323)
- Gross operating margin -€22,945
down €22,945 (-33.6%), from €68,371 to €45,426
- Taxes -€9,997
down €9,997 (-44.9%), from €22,285 to €12,288
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 | €109,356 | €108,479 | -€877 | -0.8% |
| Fixed assets | 21/28 | €3,482 | €1,833 | -€1,649 | -47.4% |
| Tangible fixed assets | 22/27 | €3,482 | €1,833 | -€1,649 | -47.4% |
| Furniture and vehicles | 24 | €3,482 | €1,833 | -€1,649 | -47.4% |
| Current assets | 29/58 | €105,874 | €106,646 | +€772 | +0.7% |
| Amounts receivable within one year | 40/41 | €13,213 | €16,942 | +€3,729 | +28.2% |
| Trade receivables | 40 | €13,213 | €16,229 | +€3,016 | +22.8% |
| Other amounts receivable | 41 | - | €712 | +€712 | |
| Cash at bank and in hand | 54/58 | €92,419 | €89,460 | -€2,959 | -3.2% |
| Deferred charges and accrued income | 490/1 | €243 | €245 | +€2 | +0.8% |
| Total equity and liabilities | 10/49 | €109,356 | €108,479 | -€877 | -0.8% |
| Equity | 10/15 | €64,824 | €63,501 | -€1,323 | -2.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €63,500 | €63,500 | = | 0.0% |
| Distributable reserves | 133 | €63,500 | €63,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,323 | - | -€1,323 | |
| Amounts payable | 17/49 | €44,532 | €44,978 | +€446 | +1.0% |
| Amounts payable within one year | 42/48 | €44,532 | €44,978 | +€446 | +1.0% |
| Trade debts | 44 | €1,290 | €3,127 | +€1,837 | +142% |
| Suppliers | 440/4 | €1,290 | €3,127 | +€1,837 | +142% |
| Taxes, remuneration and social security | 45 | €11,279 | €7,732 | -€3,546 | -31.4% |
| Taxes | 450/3 | €11,279 | €7,732 | -€3,546 | -31.4% |
| Other amounts payable | 47/48 | €31,963 | €34,118 | +€2,155 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €1,649 | -€63 | -3.7% |
| Other operating charges | 640/8 | €695 | €910 | +€216 | +31.0% |
| Gross operating margin | 9900 | €68,371 | €45,426 | -€22,945 | -33.6% |
| Operating profit (loss) | 9901 | €65,964 | €42,867 | -€23,097 | -35.0% |
| Financial charges | 65/66B | €133 | €167 | +€33 | +25.1% |
| Recurring financial charges | 65 | €133 | €167 | +€33 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €65,830 | €42,700 | -€23,131 | -35.1% |
| Income taxes | 67/77 | €22,285 | €12,288 | -€9,997 | -44.9% |
| Profit (loss) for the period | 9904 | €43,546 | €30,412 | -€13,134 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,546 | €30,412 | -€13,134 | -30.2% |
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.