RETINVEST: 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.
RETINVEST
Largest movements
- Current investments -€7.9m
down €7.9m (-83.2%), from €9.6m to €1.6m
- Cash +€6.2m
up €6.2m (+2,927%), from €211,526 to €6.4m
mainly Current investments (+€7.9m) and Receivables within one year (+€444,854)
- Financial fixed assets +€1.9m
up €1.9m (+14.2%), from €13.0m to €14.9m
of which Companies linked by participating interests: +€1.7m
- Receivables within one year -€444,854
no longer reported in 2025 (was €444,854)
- Profit (loss) carried forward -€566,032
down €566,032 (-54.5%), from €1.0m to €472,295
- Financial income -€4.2m
down €4.2m (-95.5%), from €4.4m to €196,724
of which Non-recurring financial income: -€2.9m
- Financial charges -€2.0m
down €2.0m (-99.9%), from €2.0m to €1,822
of which Non-recurring financial charges: -€2.0m
- Taxes +€372,086
up €372,086 (+99.6%), from -€373,470 to -€1,384
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 | €23,225,994 | €22,878,573 | -€347,421 | -1.5% |
| Fixed assets | 21/28 | €13,019,615 | €14,871,615 | +€1.9m | +14.2% |
| Financial fixed assets | 28 | €13,019,615 | €14,871,615 | +€1.9m | +14.2% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €4,124,710 | €5,811,710 | +€1.7m | +40.9% |
| Participating interests | 282 | €4,124,710 | €5,811,710 | +€1.7m | +40.9% |
| Other financial fixed assets | 284/8 | €8,894,904 | €9,059,904 | +€165,000 | +1.9% |
| Shares | 284 | €8,894,904 | €9,059,904 | +€165,000 | +1.9% |
| Current assets | 29/58 | €10,206,380 | €8,006,958 | -€2.2m | -21.5% |
| Amounts receivable after more than one year | 29 | - | €3,241 | +€3,241 | |
| Other amounts receivable | 291 | - | €3,241 | +€3,241 | |
| Amounts receivable within one year | 40/41 | €444,854 | - | -€444,854 | |
| Other amounts receivable | 41 | €444,854 | - | -€444,854 | |
| Current investments | 50/53 | €9,550,000 | €1,600,010 | -€7.9m | -83.2% |
| Other investments | 51/53 | €9,550,000 | €1,600,010 | -€7.9m | -83.2% |
| Cash at bank and in hand | 54/58 | €211,526 | €6,403,707 | +€6.2m | +2,927% |
| Total equity and liabilities | 10/49 | €23,225,994 | €22,878,573 | -€347,421 | -1.5% |
| Equity | 10/15 | €22,289,979 | €21,728,202 | -€561,777 | -2.5% |
| Contributions | 10/11 | €21,097,441 | €21,097,441 | = | 0.0% |
| Capital | 10 | €19,025,630 | €19,025,630 | = | 0.0% |
| Issued capital | 100 | €19,025,630 | €19,025,630 | = | 0.0% |
| Contributions outside capital | 11 | €2,071,811 | €2,071,811 | = | 0.0% |
| Share premium | 1100/10 | €2,071,811 | €2,071,811 | = | 0.0% |
| Reserves | 13 | €154,211 | €158,466 | +€4,255 | +2.8% |
| Non-distributable reserves | 130/1 | €154,211 | €158,466 | +€4,255 | +2.8% |
| Legal reserve | 130 | €154,211 | €158,466 | +€4,255 | +2.8% |
| Profit (loss) carried forward | 14 | €1,038,326 | €472,295 | -€566,032 | -54.5% |
| Amounts payable | 17/49 | €936,016 | €1,150,371 | +€214,356 | +22.9% |
| Amounts payable within one year | 42/48 | €936,016 | €1,150,371 | +€214,356 | +22.9% |
| Trade debts | 44 | €479,400 | €503,500 | +€24,099 | +5.0% |
| Suppliers | 440/4 | €479,400 | €503,500 | +€24,099 | +5.0% |
| Other amounts payable | 47/48 | €456,615 | €646,871 | +€190,256 | +41.7% |
| Operating charges | 60/66A | €363,813 | €111,191 | -€252,622 | -69.4% |
| Services and other goods | 61 | €309,381 | €103,071 | -€206,310 | -66.7% |
| Other operating charges | 640/8 | €54,432 | €8,120 | -€46,312 | -85.1% |
| Operating profit (loss) | 9901 | -€363,813 | -€111,191 | +€252,622 | +69.4% |
| Financial income | 75/76B | €4,357,223 | €196,724 | -€4.2m | -95.5% |
| Recurring financial income | 75 | €1,486,814 | €196,724 | -€1.3m | -86.8% |
| Income from financial fixed assets | 750 | €1,264,262 | €91,762 | -€1.2m | -92.7% |
| Other financial income | 752/9 | €222,552 | €104,961 | -€117,591 | -52.8% |
| Non-recurring financial income | 76B | €2,870,409 | €0 | -€2.9m | -100% |
| Financial charges | 65/66B | €2,008,196 | €1,822 | -€2.0m | -99.9% |
| Recurring financial charges | 65 | €881 | €1,822 | +€941 | +107% |
| Other financial charges | 652/9 | €881 | €1,822 | +€941 | +107% |
| Non-recurring financial charges | 66B | €2,007,315 | - | -€2.0m | |
| Profit (loss) for the period before taxes | 9903 | €1,985,214 | €83,710 | -€1.9m | -95.8% |
| Income taxes | 67/77 | -€373,470 | -€1,384 | +€372,086 | +99.6% |
| Taxes | 670/3 | €1,384 | - | -€1,384 | |
| Tax adjustments and reversals of tax provisions | 77 | €374,854 | €1,384 | -€373,470 | -99.6% |
| Profit (loss) for the period | 9904 | €2,358,684 | €85,095 | -€2.3m | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,358,684 | €85,095 | -€2.3m | -96.4% |
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 29 October 2026 via checked.be.