RETIM DEINZE: 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.
RETIM DEINZE
Largest movements
- Receivables after one year -€378,000
down €378,000 (-50.0%), from €755,623 to €377,623
- Receivables within one year +€180,306
up €180,306 (+48.4%), from €372,559 to €552,865
- Tangible fixed assets -€155,873
down €155,873 (-5.6%), from €2.8m to €2.6m
of which Land and buildings: -€152,652
- Cash -€131,901
down €131,901 (-96.5%), from €136,746 to €4,844
mainly Debts after one year (-€442,614) and Receivables within one year (-€180,306)
- Debts after one year -€442,614
down €442,614 (-10.6%), from €4.2m to €3.7m
of which Financial debts: -€442,614
- Accrued charges and deferred income -€79,941
down €79,941 (-65.7%), from €121,638 to €41,697
No income-statement line moved by more than 1% of the activity.
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 | €4,080,616 | €3,595,472 | -€485,144 | -11.9% |
| Fixed assets | 21/28 | €2,804,775 | €2,648,903 | -€155,873 | -5.6% |
| Tangible fixed assets | 22/27 | €2,804,775 | €2,648,903 | -€155,873 | -5.6% |
| Land and buildings | 22 | €2,801,421 | €2,648,769 | -€152,652 | -5.4% |
| Plant, machinery and equipment | 23 | €3,355 | €133 | -€3,221 | -96.0% |
| Current assets | 29/58 | €1,275,841 | €946,570 | -€329,271 | -25.8% |
| Amounts receivable after more than one year | 29 | €755,623 | €377,623 | -€378,000 | -50.0% |
| Trade receivables | 290 | €755,623 | €377,623 | -€378,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €372,559 | €552,865 | +€180,306 | +48.4% |
| Trade receivables | 40 | €372,559 | €552,865 | +€180,306 | +48.4% |
| Cash at bank and in hand | 54/58 | €136,746 | €4,844 | -€131,901 | -96.5% |
| Deferred charges and accrued income | 490/1 | €10,913 | €11,237 | +€324 | +3.0% |
| Total equity and liabilities | 10/49 | €4,080,616 | €3,595,472 | -€485,144 | -11.9% |
| Equity | 10/15 | -€656,018 | -€651,257 | +€4,761 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€676,018 | -€671,257 | +€4,761 | +0.7% |
| Amounts payable | 17/49 | €4,736,634 | €4,246,730 | -€489,905 | -10.3% |
| Amounts payable after more than one year | 17 | €4,178,007 | €3,735,393 | -€442,614 | -10.6% |
| Financial debts | 170/4 | €4,128,007 | €3,685,393 | -€442,614 | -10.7% |
| Credit institutions | 173 | €2,517,007 | €2,074,393 | -€442,614 | -17.6% |
| Other loans | 174 | €1,611,000 | €1,611,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €436,990 | €469,640 | +€32,650 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €414,326 | €442,614 | +€28,288 | +6.8% |
| Trade debts | 44 | - | €6 | +€6 | |
| Suppliers | 440/4 | - | €6 | +€6 | |
| Taxes, remuneration and social security | 45 | €22,664 | €27,020 | +€4,357 | +19.2% |
| Taxes | 450/3 | €22,664 | €27,020 | +€4,357 | +19.2% |
| Accrued charges and deferred income | 492/3 | €121,638 | €41,697 | -€79,941 | -65.7% |
| Operating income | 70/76A | €334,555 | €354,725 | +€20,169 | +6.0% |
| Other operating income | 74 | €334,555 | €354,725 | +€20,169 | +6.0% |
| Operating charges | 60/66A | €250,167 | €243,685 | -€6,482 | -2.6% |
| Services and other goods | 61 | €18,115 | €37,409 | +€19,293 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,896 | €155,873 | -€27,023 | -14.8% |
| Other operating charges | 640/8 | €49,156 | €50,404 | +€1,248 | +2.5% |
| Operating profit (loss) | 9901 | €84,388 | €111,039 | +€26,651 | +31.6% |
| Financial income | 75/76B | €42,122 | €31,013 | -€11,109 | -26.4% |
| Recurring financial income | 75 | €42,122 | €31,013 | -€11,109 | -26.4% |
| Income from current assets | 751 | €42,122 | €31,013 | -€11,109 | -26.4% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €145,369 | €123,450 | -€21,919 | -15.1% |
| Recurring financial charges | 65 | €145,369 | €123,450 | -€21,919 | -15.1% |
| Debt charges | 650 | €143,718 | €122,585 | -€21,133 | -14.7% |
| Other financial charges | 652/9 | €1,651 | €865 | -€786 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,859 | €18,603 | +€37,462 | |
| Income taxes | 67/77 | €16,819 | €13,842 | -€2,977 | -17.7% |
| Taxes | 670/3 | €16,819 | €13,842 | -€2,977 | -17.7% |
| Profit (loss) for the period | 9904 | -€35,678 | €4,761 | +€40,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,678 | €4,761 | +€40,439 |
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 19 October 2026 via checked.be.