RETHO: 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.
RETHO
Largest movements
- Cash -€9,183
down €9,183 (-91.6%), from €10,019 to €837
mainly Investment in fixed assets (net) (-€7,298) and Trade debts (-€1,252)
- Tangible fixed assets +€7,298
up €7,298 (+1.6%), from €447,844 to €455,142
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€3,364
new in 2025: €3,364
- Gross operating margin +€902
up €902 (+30.1%), from €2,999 to €3,900
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 | €461,535 | €460,777 | -€758 | -0.2% |
| Fixed assets | 21/28 | €447,844 | €455,142 | +€7,298 | +1.6% |
| Tangible fixed assets | 22/27 | €447,844 | €455,142 | +€7,298 | +1.6% |
| Land and buildings | 22 | €447,844 | €455,142 | +€7,298 | +1.6% |
| Current assets | 29/58 | €13,691 | €5,635 | -€8,056 | -58.8% |
| Amounts receivable within one year | 40/41 | €3,672 | €4,799 | +€1,127 | +30.7% |
| Other amounts receivable | 41 | €3,672 | €4,799 | +€1,127 | +30.7% |
| Cash at bank and in hand | 54/58 | €10,019 | €837 | -€9,183 | -91.6% |
| Total equity and liabilities | 10/49 | €461,535 | €460,777 | -€758 | -0.2% |
| Equity | 10/15 | €460,283 | €460,777 | +€494 | +0.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,717 | -€39,223 | +€494 | +1.2% |
| Amounts payable | 17/49 | €1,252 | - | -€1,252 | |
| Amounts payable within one year | 42/48 | €1,252 | - | -€1,252 | |
| Trade debts | 44 | €1,252 | - | -€1,252 | |
| Suppliers | 440/4 | €1,252 | - | -€1,252 | |
| Other operating charges | 640/8 | - | €3,364 | +€3,364 | |
| Gross operating margin | 9900 | €2,999 | €3,900 | +€902 | +30.1% |
| Operating profit (loss) | 9901 | €2,999 | €536 | -€2,462 | -82.1% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,957 | €494 | -€2,462 | -83.3% |
| Profit (loss) for the period | 9904 | €2,957 | €494 | -€2,462 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,957 | €494 | -€2,462 | -83.3% |
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.