RETIS LUMINARIA: 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.
RETIS LUMINARIA
Largest movements
- Cash -€28,350
down €28,350 (-69.4%), from €40,825 to €12,476
mainly Investment in fixed assets (net) (-€21,470) and Net result for the year (-€18,378)
- Receivables within one year -€20,701
down €20,701 (-89.4%), from €23,153 to €2,452
of which Trade receivables: -€20,449
- Tangible fixed assets +€14,908
up €14,908 (+120%), from €12,421 to €27,329
of which Furniture and vehicles: +€17,935
- Deferred charges and accrued income +€928
new in 2025: €928
- Profit (loss) carried forward -€18,378
down €18,378 (-42.5%), from €43,203 to €24,824
- Tax, wage and social debts -€15,483
no longer reported in 2025 (was €15,483)
- Gross operating margin -€29,732
down €29,732, from €18,073 to -€11,659
- Taxes -€3,147
down €3,147, from €2,450 to -€697
- Depreciation +€1,968
up €1,968 (+42.8%), from €4,594 to €6,562
- Other operating charges +€212
up €212 (+41.5%), from €511 to €723
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 | €76,399 | €43,184 | -€33,215 | -43.5% |
| Fixed assets | 21/28 | €12,421 | €27,329 | +€14,908 | +120% |
| Tangible fixed assets | 22/27 | €12,421 | €27,329 | +€14,908 | +120% |
| Furniture and vehicles | 24 | €315 | €18,250 | +€17,935 | +5,694% |
| Other tangible fixed assets | 26 | €12,106 | €9,080 | -€3,027 | -25.0% |
| Current assets | 29/58 | €63,978 | €15,855 | -€48,123 | -75.2% |
| Amounts receivable within one year | 40/41 | €23,153 | €2,452 | -€20,701 | -89.4% |
| Trade receivables | 40 | €20,449 | - | -€20,449 | |
| Other amounts receivable | 41 | €2,704 | €2,452 | -€252 | -9.3% |
| Cash at bank and in hand | 54/58 | €40,825 | €12,476 | -€28,350 | -69.4% |
| Deferred charges and accrued income | 490/1 | - | €928 | +€928 | |
| Total equity and liabilities | 10/49 | €76,399 | €43,184 | -€33,215 | -43.5% |
| Equity | 10/15 | €60,763 | €42,384 | -€18,378 | -30.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,360 | €11,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,203 | €24,824 | -€18,378 | -42.5% |
| Amounts payable | 17/49 | €15,637 | €800 | -€14,837 | -94.9% |
| Amounts payable within one year | 42/48 | €15,637 | €800 | -€14,837 | -94.9% |
| Trade debts | 44 | €154 | €308 | +€154 | +99.7% |
| Suppliers | 440/4 | €154 | €308 | +€154 | +99.7% |
| Taxes, remuneration and social security | 45 | €15,483 | - | -€15,483 | |
| Taxes | 450/3 | €15,483 | - | -€15,483 | |
| Other amounts payable | 47/48 | - | €492 | +€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,594 | €6,562 | +€1,968 | +42.8% |
| Other operating charges | 640/8 | €511 | €723 | +€212 | +41.5% |
| Gross operating margin | 9900 | €18,073 | -€11,659 | -€29,732 | |
| Operating profit (loss) | 9901 | €12,967 | -€18,944 | -€31,911 | |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €12,850 | -€19,075 | -€31,925 | |
| Income taxes | 67/77 | €2,450 | -€697 | -€3,147 | |
| Profit (loss) for the period | 9904 | €10,400 | -€18,378 | -€28,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,400 | -€18,378 | -€28,778 |
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 28 October 2026 via checked.be.