RETINENS: 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.
RETINENS
Largest movements
- Cash +€11,276
up €11,276 (+55.8%), from €20,218 to €31,494
mainly Net result for the year (+€9,614) and Tax, wage and social debts (+€9,042)
- Tangible fixed assets +€2,685
up €2,685 (+55.0%), from €4,883 to €7,568
- Receivables within one year -€2,341
down €2,341 (-20.7%), from €11,321 to €8,980
of which Other amounts receivable: -€2,068
- Financial fixed assets +€2,000
new in 2025: €2,000
- Deferred charges and accrued income +€630
up €630 (+317%), from €199 to €829
- Tax, wage and social debts +€9,042
up €9,042 (+74.4%), from €12,149 to €21,191
of which Taxes: +€6,985
- Other debts +€7,059
up €7,059, from €0 to €7,059
- Trade debts -€3,405
down €3,405 (-57.0%), from €5,976 to €2,571
of which Suppliers: -€3,878
- Profit (loss) carried forward +€2,555
up €2,555 (+22.8%), from €11,225 to €13,780
- Short-term financial debts -€2,282
down €2,282 (-70.1%), from €3,255 to €973
- Gross operating margin +€31,213
up €31,213 (+278%), from €11,244 to €42,458
- Staff costs +€17,345
up €17,345, from €0 to €17,345
- Taxes +€3,898
up €3,898 (+306%), from €1,273 to €5,171
- Write-downs +€2,540
up €2,540 (+231%), from €1,100 to €3,640
- Depreciation +€1,419
up €1,419 (+80.4%), from €1,763 to €3,182
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 | €36,621 | €50,871 | +€14,251 | +38.9% |
| Fixed assets | 21/28 | €4,883 | €9,568 | +€4,685 | +95.9% |
| Tangible fixed assets | 22/27 | €4,883 | €7,568 | +€2,685 | +55.0% |
| Furniture and vehicles | 24 | €4,883 | €7,568 | +€2,685 | +55.0% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €31,738 | €41,303 | +€9,565 | +30.1% |
| Amounts receivable within one year | 40/41 | €11,321 | €8,980 | -€2,341 | -20.7% |
| Trade receivables | 40 | €6,173 | €5,900 | -€274 | -4.4% |
| Other amounts receivable | 41 | €5,148 | €3,080 | -€2,068 | -40.2% |
| Cash at bank and in hand | 54/58 | €20,218 | €31,494 | +€11,276 | +55.8% |
| Deferred charges and accrued income | 490/1 | €199 | €829 | +€630 | +317% |
| Total equity and liabilities | 10/49 | €36,621 | €50,871 | +€14,251 | +38.9% |
| Equity | 10/15 | €15,225 | €17,780 | +€2,555 | +16.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,225 | €13,780 | +€2,555 | +22.8% |
| Amounts payable | 17/49 | €21,396 | €33,091 | +€11,695 | +54.7% |
| Amounts payable within one year | 42/48 | €21,380 | €31,794 | +€10,414 | +48.7% |
| Financial debts | 43 | €3,255 | €973 | -€2,282 | -70.1% |
| Credit institutions | 430/8 | €3,255 | €973 | -€2,282 | -70.1% |
| Trade debts | 44 | €5,976 | €2,571 | -€3,405 | -57.0% |
| Suppliers | 440/4 | €5,976 | €2,098 | -€3,878 | -64.9% |
| Bills of exchange payable | 441 | €0 | €473 | +€473 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,149 | €21,191 | +€9,042 | +74.4% |
| Taxes | 450/3 | €7,584 | €14,569 | +€6,985 | +92.1% |
| Remuneration and social security | 454/9 | €4,565 | €6,621 | +€2,056 | +45.0% |
| Other amounts payable | 47/48 | €0 | €7,059 | +€7,059 | |
| Accrued charges and deferred income | 492/3 | €15 | €1,297 | +€1,282 | +8,274% |
| Non-recurring operating income | 76A | €12 | €998 | +€985 | +7,941% |
| Remuneration, social security and pensions | 62 | €0 | €17,345 | +€17,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,763 | €3,182 | +€1,419 | +80.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,100 | €3,640 | +€2,540 | +231% |
| Other operating charges | 640/8 | €1,560 | €1,139 | -€421 | -27.0% |
| Non-recurring operating charges | 66A | - | €2,189 | +€2,189 | |
| Gross operating margin | 9900 | €11,244 | €42,458 | +€31,213 | +278% |
| Operating profit (loss) | 9901 | €6,821 | €14,962 | +€8,142 | +119% |
| Financial income | 75/76B | €45 | €140 | +€94 | +209% |
| Recurring financial income | 75 | €45 | €140 | +€94 | +209% |
| Financial charges | 65/66B | €317 | €317 | +€0 | +0.1% |
| Recurring financial charges | 65 | €317 | €317 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €6,549 | €14,785 | +€8,236 | +126% |
| Income taxes | 67/77 | €1,273 | €5,171 | +€3,898 | +306% |
| Profit (loss) for the period | 9904 | €5,276 | €9,614 | +€4,338 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,276 | €9,614 | +€4,338 | +82.2% |
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 14 October 2026 via checked.be.