Retro Trans: 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.
Retro Trans
Largest movements
- Tangible fixed assets -€34,636
down €34,636 (-49.1%), from €70,600 to €35,964
- Cash -€10,664
down €10,664 (-45.1%), from €23,660 to €12,996
mainly Trade debts (-€87,119) and Investment in fixed assets (net) (-€3,719)
- Trade debts -€87,119
down €87,119 (-63.1%), from €138,119 to €51,001
- Tax, wage and social debts +€32,589
up €32,589 (+148.6%), from €21,930 to €54,519
of which Remuneration and social security: +€34,382
- Reserves +€13,199
up €13,199 (+30.2%), from €43,689 to €56,888
- Staff costs +€45,818
up €45,818 (+9.6%), from €476,661 to €522,479
- Gross operating margin +€36,503
up €36,503 (+6.6%), from €549,492 to €585,996
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 | €219,774 | €177,408 | -€42,366 | -19.3% |
| Fixed assets | 21/28 | €124,100 | €89,464 | -€34,636 | -27.9% |
| Tangible fixed assets | 22/27 | €70,600 | €35,964 | -€34,636 | -49.1% |
| Furniture and vehicles | 24 | €70,600 | €35,964 | -€34,636 | -49.1% |
| Financial fixed assets | 28 | €53,500 | €53,500 | = | 0.0% |
| Current assets | 29/58 | €95,674 | €87,944 | -€7,730 | -8.1% |
| Amounts receivable within one year | 40/41 | €72,014 | €73,577 | +€1,563 | +2.2% |
| Trade receivables | 40 | €64,577 | €68,932 | +€4,355 | +6.7% |
| Other amounts receivable | 41 | €7,437 | €4,645 | -€2,792 | -37.5% |
| Cash at bank and in hand | 54/58 | €23,660 | €12,996 | -€10,664 | -45.1% |
| Deferred charges and accrued income | 490/1 | - | €1,371 | +€1,371 | |
| Total equity and liabilities | 10/49 | €219,774 | €177,408 | -€42,366 | -19.3% |
| Equity | 10/15 | €58,689 | €71,888 | +€13,199 | +22.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,689 | €56,888 | +€13,199 | +30.2% |
| Distributable reserves | 133 | €43,689 | €56,888 | +€13,199 | +30.2% |
| Amounts payable | 17/49 | €161,085 | €105,520 | -€55,565 | -34.5% |
| Amounts payable within one year | 42/48 | €161,085 | €105,520 | -€55,565 | -34.5% |
| Trade debts | 44 | €138,119 | €51,001 | -€87,119 | -63.1% |
| Suppliers | 440/4 | €138,119 | €51,001 | -€87,119 | -63.1% |
| Taxes, remuneration and social security | 45 | €21,930 | €54,519 | +€32,589 | +148.6% |
| Taxes | 450/3 | €11,422 | €9,629 | -€1,793 | -15.7% |
| Remuneration and social security | 454/9 | €10,508 | €44,890 | +€34,382 | +327.2% |
| Other amounts payable | 47/48 | €1,036 | - | -€1,036 | |
| Remuneration, social security and pensions | 62 | €476,661 | €522,479 | +€45,818 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,587 | €38,355 | -€232 | -0.6% |
| Other operating charges | 640/8 | €6,304 | €7,737 | +€1,432 | +22.7% |
| Gross operating margin | 9900 | €549,492 | €585,996 | +€36,503 | +6.6% |
| Operating profit (loss) | 9901 | €27,940 | €17,425 | -€10,515 | -37.6% |
| Financial charges | 65/66B | €250 | €458 | +€209 | +83.6% |
| Recurring financial charges | 65 | €250 | €458 | +€209 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | €27,690 | €16,966 | -€10,724 | -38.7% |
| Income taxes | 67/77 | €5,877 | €3,767 | -€2,109 | -35.9% |
| Profit (loss) for the period | 9904 | €21,814 | €13,199 | -€8,615 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,814 | €13,199 | -€8,615 | -39.5% |
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.