RETRIVAL: 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.
RETRIVAL
Largest movements
- Cash -€99,750
down €99,750 (-33.2%), from €300,026 to €200,276
mainly Receivables within one year (-€71,539) and Debts after one year (-€63,327)
- Receivables within one year +€71,539
up €71,539 (+10.9%), from €654,617 to €726,156
of which Trade receivables: +€61,509
- Tangible fixed assets -€70,766
down €70,766 (-9.0%), from €786,481 to €715,715
of which Other tangible fixed assets: -€80,076
- Current investments +€50,000
new in 2025: €50,000
- Accrued charges and deferred income +€67,250
up €67,250 (+27.8%), from €241,661 to €308,911
- Debts after one year -€63,327
down €63,327 (-9.5%), from €666,858 to €603,532
- Trade debts -€19,002
down €19,002 (-12.2%), from €155,511 to €136,509
- Profit (loss) carried forward -€18,205
down €18,205 (-43.3%), from -€42,077 to -€60,282
- Staff costs +€245,788
up €245,788 (+19.9%), from €1.2m to €1.5m
- Gross operating margin +€193,476
up €193,476 (+13.9%), from €1.4m to €1.6m
- Financial income -€77,138
down €77,138 (-88.0%), from €87,614 to €10,476
of which Financial income: -€77,575
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 | €1,796,655 | €1,747,466 | -€49,189 | -2.7% |
| Fixed assets | 21/28 | €820,410 | €745,589 | -€74,821 | -9.1% |
| Intangible fixed assets | 21 | €14,496 | €11,444 | -€3,052 | -21.1% |
| Tangible fixed assets | 22/27 | €786,481 | €715,715 | -€70,766 | -9.0% |
| Plant, machinery and equipment | 23 | €8,564 | €6,306 | -€2,258 | -26.4% |
| Furniture and vehicles | 24 | €13,528 | €25,097 | +€11,568 | +85.5% |
| Other tangible fixed assets | 26 | €764,389 | €684,313 | -€80,076 | -10.5% |
| Financial fixed assets | 28 | €19,433 | €18,430 | -€1,003 | -5.2% |
| Current assets | 29/58 | €976,245 | €1,001,876 | +€25,632 | +2.6% |
| Stocks and contracts in progress | 3 | €4,450 | €4,450 | = | 0.0% |
| Stocks | 30/36 | €4,450 | €4,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €654,617 | €726,156 | +€71,539 | +10.9% |
| Trade receivables | 40 | €306,996 | €368,506 | +€61,509 | +20.0% |
| Other amounts receivable | 41 | €347,621 | €357,650 | +€10,029 | +2.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €300,026 | €200,276 | -€99,750 | -33.2% |
| Deferred charges and accrued income | 490/1 | €17,152 | €20,994 | +€3,843 | +22.4% |
| Total equity and liabilities | 10/49 | €1,796,655 | €1,747,466 | -€49,189 | -2.7% |
| Equity | 10/15 | €460,656 | €432,505 | -€28,151 | -6.1% |
| Contributions | 10/11 | €165,750 | €165,750 | = | 0.0% |
| Reserves | 13 | €237,526 | €237,526 | = | 0.0% |
| Non-distributable reserves | 130/1 | €631 | €631 | = | 0.0% |
| Reserves not available under the articles | 1311 | €631 | €631 | = | 0.0% |
| Tax-exempt reserves | 132 | €236,895 | €236,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,077 | -€60,282 | -€18,205 | -43.3% |
| Investment grants | 15 | €99,456 | €89,511 | -€9,946 | -10.0% |
| Amounts payable | 17/49 | €1,335,999 | €1,314,961 | -€21,038 | -1.6% |
| Amounts payable after more than one year | 17 | €666,858 | €603,532 | -€63,327 | -9.5% |
| Financial debts | 170/4 | €666,858 | €603,532 | -€63,327 | -9.5% |
| Amounts payable within one year | 42/48 | €427,479 | €402,518 | -€24,961 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €129,042 | €135,355 | +€6,314 | +4.9% |
| Trade debts | 44 | €155,511 | €136,509 | -€19,002 | -12.2% |
| Suppliers | 440/4 | €155,511 | €136,509 | -€19,002 | -12.2% |
| Taxes, remuneration and social security | 45 | €99,100 | €101,006 | +€1,907 | +1.9% |
| Taxes | 450/3 | €1,556 | €4,327 | +€2,771 | +178.0% |
| Remuneration and social security | 454/9 | €97,543 | €96,679 | -€864 | -0.9% |
| Other amounts payable | 47/48 | €43,827 | €29,647 | -€14,179 | -32.4% |
| Accrued charges and deferred income | 492/3 | €241,661 | €308,911 | +€67,250 | +27.8% |
| Non-recurring operating income | 76A | €4,840 | €2,500 | -€2,340 | -48.4% |
| Remuneration, social security and pensions | 62 | €1,236,130 | €1,481,917 | +€245,788 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,326 | €97,493 | -€11,833 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €593 | +€593 | |
| Other operating charges | 640/8 | €6,661 | €8,882 | +€2,221 | +33.3% |
| Gross operating margin | 9900 | €1,396,626 | €1,590,103 | +€193,476 | +13.9% |
| Operating profit (loss) | 9901 | €44,510 | €1,218 | -€43,292 | -97.3% |
| Financial income | 75/76B | €87,614 | €10,476 | -€77,138 | -88.0% |
| Recurring financial income | 75 | €87,614 | €10,038 | -€77,575 | -88.5% |
| Non-recurring financial income | 76B | - | €438 | +€438 | |
| Financial charges | 65/66B | €21,702 | €18,008 | -€3,693 | -17.0% |
| Recurring financial charges | 65 | €21,702 | €18,008 | -€3,693 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €110,422 | -€6,315 | -€116,737 | |
| Income taxes | 67/77 | €13,790 | €11,891 | -€1,899 | -13.8% |
| Profit (loss) for the period | 9904 | €96,632 | -€18,205 | -€114,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,632 | -€18,205 | -€114,838 |
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 7 October 2026 via checked.be.