RETRITECH: 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.
RETRITECH
Largest movements
- Receivables within one year +€209,448
up €209,448 (+51.3%), from €408,182 to €617,630
of which Trade receivables: +€161,937
- Tangible fixed assets -€41,526
down €41,526 (-9.6%), from €433,288 to €391,762
of which Leasing and similar rights: -€22,592
- Intangible fixed assets -€12,800
down €12,800 (-70.7%), from €18,095 to €5,295
- Trade debts +€73,561
up €73,561 (+40.1%), from €183,377 to €256,938
- Debts after one year -€70,500
down €70,500 (-21.9%), from €321,997 to €251,497
- Profit (loss) carried forward +€67,741
up €67,741 (+55.5%), from €122,002 to €189,743
- Tax, wage and social debts +€65,201
up €65,201 (+69.8%), from €93,443 to €158,645
of which Remuneration and social security: +€53,499
- Provisions +€25,000
new in 2025: €25,000
- Gross operating margin +€146,991
up €146,991 (+12.1%), from €1.2m to €1.4m
- Staff costs +€96,805
up €96,805 (+9.4%), from €1.0m to €1.1m
- Provisions +€25,000
new in 2025: €25,000
- Taxes +€15,988
new in 2025: €15,988
- Depreciation +€15,122
up €15,122 (+19.6%), from €77,319 to €92,442
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 | €907,571 | €1,065,659 | +€158,089 | +17.4% |
| Fixed assets | 21/28 | €460,583 | €406,257 | -€54,326 | -11.8% |
| Intangible fixed assets | 21 | €18,095 | €5,295 | -€12,800 | -70.7% |
| Tangible fixed assets | 22/27 | €433,288 | €391,762 | -€41,526 | -9.6% |
| Land and buildings | 22 | €271,766 | €261,802 | -€9,964 | -3.7% |
| Plant, machinery and equipment | 23 | €69,903 | €64,169 | -€5,733 | -8.2% |
| Furniture and vehicles | 24 | €18,937 | €15,701 | -€3,236 | -17.1% |
| Leasing and similar rights | 25 | €72,683 | €50,091 | -€22,592 | -31.1% |
| Financial fixed assets | 28 | €9,200 | €9,200 | = | 0.0% |
| Current assets | 29/58 | €446,988 | €659,402 | +€212,414 | +47.5% |
| Amounts receivable within one year | 40/41 | €408,182 | €617,630 | +€209,448 | +51.3% |
| Trade receivables | 40 | €360,357 | €522,294 | +€161,937 | +44.9% |
| Other amounts receivable | 41 | €47,825 | €95,336 | +€47,511 | +99.3% |
| Cash at bank and in hand | 54/58 | €11,279 | €12,130 | +€851 | +7.5% |
| Deferred charges and accrued income | 490/1 | €27,527 | €29,642 | +€2,115 | +7.7% |
| Total equity and liabilities | 10/49 | €907,571 | €1,065,659 | +€158,089 | +17.4% |
| Equity | 10/15 | €209,925 | €277,666 | +€67,741 | +32.3% |
| Contributions | 10/11 | €81,850 | €81,850 | = | 0.0% |
| Reserves | 13 | €6,074 | €6,074 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,074 | €6,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,002 | €189,743 | +€67,741 | +55.5% |
| Provisions and deferred taxes | 16 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges | 160/5 | - | €25,000 | +€25,000 | |
| Other liabilities and charges | 164/5 | - | €25,000 | +€25,000 | |
| Amounts payable | 17/49 | €697,645 | €762,993 | +€65,347 | +9.4% |
| Amounts payable after more than one year | 17 | €321,997 | €251,497 | -€70,500 | -21.9% |
| Financial debts | 170/4 | €321,997 | €251,497 | -€70,500 | -21.9% |
| Amounts payable within one year | 42/48 | €375,648 | €511,496 | +€135,848 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €98,828 | €95,914 | -€2,914 | -2.9% |
| Trade debts | 44 | €183,377 | €256,938 | +€73,561 | +40.1% |
| Suppliers | 440/4 | €183,377 | €256,938 | +€73,561 | +40.1% |
| Taxes, remuneration and social security | 45 | €93,443 | €158,645 | +€65,201 | +69.8% |
| Taxes | 450/3 | €517 | €12,219 | +€11,703 | +2265.2% |
| Remuneration and social security | 454/9 | €92,927 | €146,425 | +€53,499 | +57.6% |
| Remuneration, social security and pensions | 62 | €1,027,032 | €1,123,838 | +€96,805 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,319 | €92,442 | +€15,122 | +19.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €16,685 | €14,470 | -€2,215 | -13.3% |
| Gross operating margin | 9900 | €1,214,699 | €1,361,690 | +€146,991 | +12.1% |
| Operating profit (loss) | 9901 | €93,662 | €105,940 | +€12,278 | +13.1% |
| Financial income | 75/76B | €6 | €3,633 | +€3,627 | +57847.0% |
| Recurring financial income | 75 | €6 | €3,633 | +€3,627 | +57847.0% |
| Financial charges | 65/66B | €19,349 | €25,844 | +€6,495 | +33.6% |
| Recurring financial charges | 65 | €19,349 | €24,298 | +€4,948 | +25.6% |
| Non-recurring financial charges | 66B | - | €1,546 | +€1,546 | |
| Profit (loss) for the period before taxes | 9903 | €74,319 | €83,730 | +€9,410 | +12.7% |
| Income taxes | 67/77 | - | €15,988 | +€15,988 | |
| Profit (loss) for the period | 9904 | €74,319 | €67,741 | -€6,578 | -8.9% |
| Transfer to tax-exempt reserves | 689 | €1,088 | - | -€1,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,231 | €67,741 | -€5,490 | -7.5% |
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 3 October 2026 via checked.be.