RETHIOS: 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.
RETHIOS
Largest movements
- Cash -€78,251
down €78,251 (-79.0%), from €99,112 to €20,861
mainly Net result for the year (-€49,751) and Receivables within one year (-€17,981)
- Receivables within one year +€17,981
up €17,981 (+25.1%), from €71,776 to €89,757
- Profit (loss) carried forward -€49,751
down €49,751 (-13.2%), from €377,418 to €327,666
- Gross operating margin +€7,479
up €7,479 (+12.8%), from -€58,542 to -€51,063
- Taxes +€6,332
up €6,332, from -€4,588 to €1,744
- Depreciation -€1,244
down €1,244 (-78.5%), from €1,584 to €341
- Financial income -€1,004
down €1,004 (-16.4%), from €6,116 to €5,112
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 | €858,331 | €802,833 | -€55,498 | -6.5% |
| Fixed assets | 21/28 | €687,442 | €692,214 | +€4,771 | +0.7% |
| Tangible fixed assets | 22/27 | €663 | €322 | -€341 | -51.4% |
| Furniture and vehicles | 24 | €663 | €322 | -€341 | -51.4% |
| Financial fixed assets | 28 | €686,780 | €691,892 | +€5,112 | +0.7% |
| Current assets | 29/58 | €170,888 | €110,619 | -€60,269 | -35.3% |
| Amounts receivable within one year | 40/41 | €71,776 | €89,757 | +€17,981 | +25.1% |
| Other amounts receivable | 41 | €71,776 | €89,757 | +€17,981 | +25.1% |
| Cash at bank and in hand | 54/58 | €99,112 | €20,861 | -€78,251 | -79.0% |
| Total equity and liabilities | 10/49 | €858,331 | €802,833 | -€55,498 | -6.5% |
| Equity | 10/15 | €850,878 | €801,126 | -€49,751 | -5.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €460,860 | €460,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €459,000 | €459,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,418 | €327,666 | -€49,751 | -13.2% |
| Amounts payable | 17/49 | €7,453 | €1,706 | -€5,746 | -77.1% |
| Amounts payable within one year | 42/48 | €7,453 | €1,706 | -€5,746 | -77.1% |
| Trade debts | 44 | €451 | €1,265 | +€814 | +180% |
| Suppliers | 440/4 | €451 | €1,265 | +€814 | +180% |
| Taxes, remuneration and social security | 45 | €7,001 | €441 | -€6,561 | -93.7% |
| Taxes | 450/3 | €7,001 | €441 | -€6,561 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,584 | €341 | -€1,244 | -78.5% |
| Other operating charges | 640/8 | €1,496 | €1,618 | +€122 | +8.1% |
| Gross operating margin | 9900 | -€58,542 | -€51,063 | +€7,479 | +12.8% |
| Operating profit (loss) | 9901 | -€61,622 | -€53,021 | +€8,601 | +14.0% |
| Financial income | 75/76B | €6,116 | €5,112 | -€1,004 | -16.4% |
| Recurring financial income | 75 | €6,116 | €5,112 | -€1,004 | -16.4% |
| Financial charges | 65/66B | €93 | €99 | +€6 | +6.7% |
| Recurring financial charges | 65 | €93 | €99 | +€6 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€55,598 | -€48,008 | +€7,591 | +13.7% |
| Income taxes | 67/77 | -€4,588 | €1,744 | +€6,332 | |
| Profit (loss) for the period | 9904 | -€51,010 | -€49,751 | +€1,259 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,010 | -€49,751 | +€1,259 | +2.5% |
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 13 October 2026 via checked.be.