RETNUG: 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.
RETNUG
Largest movements
- Stocks and contracts +€46,193
up €46,193 (+28.2%), from €163,581 to €209,774
- Cash +€2,654
up €2,654 (+11.1%), from €23,935 to €26,589
mainly Other debts (+€25,000) and Net result for the year (+€18,612)
- Other debts +€25,000
up €25,000 (+92.6%), from €27,010 to €52,010
- Reserves +€18,612
up €18,612 (+14.2%), from €130,697 to €149,309
- Tax, wage and social debts +€3,523
up €3,523 (+12.0%), from €29,471 to €32,994
of which Taxes: +€3,523
- Gross operating margin -€52,957
down €52,957 (-64.1%), from €82,620 to €29,663
- Financial charges -€16,317
down €16,317 (-95.4%), from €17,100 to €783
- Taxes -€11,391
down €11,391 (-59.9%), from €19,014 to €7,623
- Financial income -€3,128
down €3,128 (-99.5%), from €3,143 to €15
- Other operating charges +€921
up €921 (+53.0%), from €1,739 to €2,660
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 | €206,530 | €254,755 | +€48,225 | +23.4% |
| Current assets | 29/58 | €206,530 | €254,755 | +€48,225 | +23.4% |
| Stocks and contracts in progress | 3 | €163,581 | €209,774 | +€46,193 | +28.2% |
| Stocks | 30/36 | €163,581 | €209,774 | +€46,193 | +28.2% |
| Amounts receivable within one year | 40/41 | €19,014 | €18,392 | -€622 | -3.3% |
| Trade receivables | 40 | €18,516 | €17,768 | -€748 | -4.0% |
| Other amounts receivable | 41 | €498 | €624 | +€126 | +25.3% |
| Cash at bank and in hand | 54/58 | €23,935 | €26,589 | +€2,654 | +11.1% |
| Total equity and liabilities | 10/49 | €206,530 | €254,755 | +€48,225 | +23.4% |
| Equity | 10/15 | €149,990 | €168,602 | +€18,612 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,697 | €149,309 | +€18,612 | +14.2% |
| Distributable reserves | 133 | €130,697 | €149,309 | +€18,612 | +14.2% |
| Profit (loss) carried forward | 14 | €693 | €693 | = | 0.0% |
| Amounts payable | 17/49 | €56,540 | €86,153 | +€29,613 | +52.4% |
| Amounts payable within one year | 42/48 | €56,481 | €85,004 | +€28,523 | +50.5% |
| Taxes, remuneration and social security | 45 | €29,471 | €32,994 | +€3,523 | +12.0% |
| Taxes | 450/3 | €29,071 | €32,594 | +€3,523 | +12.1% |
| Remuneration and social security | 454/9 | €400 | €400 | = | 0.0% |
| Other amounts payable | 47/48 | €27,010 | €52,010 | +€25,000 | +92.6% |
| Accrued charges and deferred income | 492/3 | €59 | €1,149 | +€1,090 | +1847.5% |
| Other operating charges | 640/8 | €1,739 | €2,660 | +€921 | +53.0% |
| Gross operating margin | 9900 | €82,620 | €29,663 | -€52,957 | -64.1% |
| Operating profit (loss) | 9901 | €80,881 | €27,003 | -€53,878 | -66.6% |
| Financial income | 75/76B | €3,143 | €15 | -€3,128 | -99.5% |
| Recurring financial income | 75 | €3,143 | €15 | -€3,128 | -99.5% |
| Financial charges | 65/66B | €17,100 | €783 | -€16,317 | -95.4% |
| Recurring financial charges | 65 | €17,100 | €783 | -€16,317 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €66,924 | €26,235 | -€40,689 | -60.8% |
| Income taxes | 67/77 | €19,014 | €7,623 | -€11,391 | -59.9% |
| Profit (loss) for the period | 9904 | €47,910 | €18,612 | -€29,298 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,910 | €18,612 | -€29,298 | -61.2% |
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 11 October 2026 via checked.be.