RETIS: what changed
Two fiscal 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.
RETIS
Largest movements
- Cash +€35,081
up €35,081 (+1799.9%), from €1,949 to €37,030
mainly Net result for the year (+€33,338) and Depreciation (+€22,347)
- Receivables within one year -€20,861
down €20,861 (-23.5%), from €88,846 to €67,986
of which Other amounts receivable: -€15,181
- Tangible fixed assets -€19,760
down €19,760 (-27.3%), from €72,403 to €52,643
of which Furniture and vehicles: -€19,350
- Tax, wage and social debts -€9,847
down €9,847 (-16.5%), from €59,760 to €49,913
of which Remuneration and social security: -€6,019
- Other debts +€8,292
up €8,292 (+7.7%), from €108,121 to €116,413
- Accrued charges and deferred income -€5,971
no longer reported in 2025 (was €5,971)
- Staff costs -€36,990
down €36,990 (-13.5%), from €274,775 to €237,785
- Gross operating margin -€5,364
down €5,364 (-1.7%), from €309,855 to €304,492
- Taxes +€3,334
up €3,334 (+96.2%), from €3,467 to €6,802
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.
Cash bridge derived
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 | €275,295 | €265,397 | -€9,898 | -3.6% |
| Fixed assets | 21/28 | €78,184 | €56,440 | -€21,744 | -27.8% |
| Intangible fixed assets | 21 | €3,621 | €1,638 | -€1,983 | -54.8% |
| Tangible fixed assets | 22/27 | €72,403 | €52,643 | -€19,760 | -27.3% |
| Furniture and vehicles | 24 | €70,713 | €51,363 | -€19,350 | -27.4% |
| Other tangible fixed assets | 26 | €1,690 | €1,279 | -€410 | -24.3% |
| Financial fixed assets | 28 | €2,160 | €2,160 | = | 0.0% |
| Current assets | 29/58 | €197,111 | €208,956 | +€11,846 | +6.0% |
| Amounts receivable within one year | 40/41 | €88,846 | €67,986 | -€20,861 | -23.5% |
| Trade receivables | 40 | €68,697 | €63,017 | -€5,680 | -8.3% |
| Other amounts receivable | 41 | €20,150 | €4,969 | -€15,181 | -75.3% |
| Current investments | 50/53 | €91,672 | €91,672 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,949 | €37,030 | +€35,081 | +1799.9% |
| Deferred charges and accrued income | 490/1 | €14,644 | €12,269 | -€2,375 | -16.2% |
| Total equity and liabilities | 10/49 | €275,295 | €265,397 | -€9,898 | -3.6% |
| Equity | 10/15 | €94,595 | €94,595 | = | 0.0% |
| Contributions | 10/11 | €10,100 | €10,100 | = | 0.0% |
| Reserves | 13 | €62,455 | €62,455 | = | 0.0% |
| Distributable reserves | 133 | €62,455 | €62,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,040 | €22,040 | = | 0.0% |
| Amounts payable | 17/49 | €180,700 | €170,802 | -€9,898 | -5.5% |
| Amounts payable within one year | 42/48 | €174,730 | €170,802 | -€3,928 | -2.2% |
| Trade debts | 44 | €6,849 | €4,476 | -€2,373 | -34.6% |
| Suppliers | 440/4 | €6,849 | €4,476 | -€2,373 | -34.6% |
| Taxes, remuneration and social security | 45 | €59,760 | €49,913 | -€9,847 | -16.5% |
| Taxes | 450/3 | €32,813 | €28,985 | -€3,828 | -11.7% |
| Remuneration and social security | 454/9 | €26,947 | €20,928 | -€6,019 | -22.3% |
| Other amounts payable | 47/48 | €108,121 | €116,413 | +€8,292 | +7.7% |
| Accrued charges and deferred income | 492/3 | €5,971 | - | -€5,971 | |
| Remuneration, social security and pensions | 62 | €274,775 | €237,785 | -€36,990 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,060 | €22,347 | +€1,287 | +6.1% |
| Other operating charges | 640/8 | €56 | €440 | +€384 | +685.7% |
| Gross operating margin | 9900 | €309,855 | €304,492 | -€5,364 | -1.7% |
| Operating profit (loss) | 9901 | €13,964 | €43,919 | +€29,956 | +214.5% |
| Financial income | 75/76B | €1,373 | €2,784 | +€1,411 | +102.7% |
| Recurring financial income | 75 | €1,373 | €2,784 | +€1,411 | +102.7% |
| Financial charges | 65/66B | €6,188 | €6,564 | +€376 | +6.1% |
| Recurring financial charges | 65 | €6,188 | €6,564 | +€376 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €9,149 | €40,139 | +€30,990 | +338.7% |
| Income taxes | 67/77 | €3,467 | €6,802 | +€3,334 | +96.2% |
| Profit (loss) for the period | 9904 | €5,681 | €33,338 | +€27,656 | +486.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,681 | €33,338 | +€27,656 | +486.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.