RETRON: 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.
RETRON
Largest movements
- Receivables within one year -€61,339
down €61,339 (-71.4%), from €85,964 to €24,625
of which Other amounts receivable: -€51,226
- Cash +€55,549
up €55,549 (+145.1%), from €38,282 to €93,831
mainly Receivables within one year (+€61,339) and Other debts (+€15,692)
- Tangible fixed assets +€20,399
up €20,399 (+154.2%), from €13,228 to €33,627
of which Furniture and vehicles: +€25,250
- Other debts +€15,692
new in 2025: €15,692
- Tax, wage and social debts -€4,998
down €4,998 (-100.0%), from €4,998 to €0
- Reserves +€3,980
up €3,980 (+3.3%), from €119,419 to €123,399
- Trade debts -€1,980
down €1,980 (-92.9%), from €2,131 to €151
- Gross operating margin -€30,487
down €30,487 (-63.2%), from €48,236 to €17,749
- Depreciation -€6,021
down €6,021 (-43.8%), from €13,761 to €7,740
- Taxes -€4,711
down €4,711 (-75.6%), from €6,235 to €1,523
- Write-downs -€2,750
down €2,750 (-100.0%), from €2,750 to €0
- Financial charges +€746
up €746 (+133.3%), from €559 to €1,305
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 | €138,901 | €153,028 | +€14,127 | +10.2% |
| Fixed assets | 21/28 | €14,255 | €34,254 | +€19,999 | +140.3% |
| Intangible fixed assets | 21 | €1,027 | €627 | -€400 | -38.9% |
| Tangible fixed assets | 22/27 | €13,228 | €33,627 | +€20,399 | +154.2% |
| Plant, machinery and equipment | 23 | €4,851 | €0 | -€4,851 | -100.0% |
| Furniture and vehicles | 24 | €8,376 | €33,627 | +€25,250 | +301.4% |
| Current assets | 29/58 | €124,646 | €118,774 | -€5,872 | -4.7% |
| Amounts receivable within one year | 40/41 | €85,964 | €24,625 | -€61,339 | -71.4% |
| Trade receivables | 40 | €26,947 | €16,834 | -€10,113 | -37.5% |
| Other amounts receivable | 41 | €59,017 | €7,791 | -€51,226 | -86.8% |
| Cash at bank and in hand | 54/58 | €38,282 | €93,831 | +€55,549 | +145.1% |
| Deferred charges and accrued income | 490/1 | €400 | €317 | -€83 | -20.7% |
| Total equity and liabilities | 10/49 | €138,901 | €153,028 | +€14,127 | +10.2% |
| Equity | 10/15 | €129,379 | €133,359 | +€3,980 | +3.1% |
| Contributions | 10/11 | €9,960 | €9,960 | = | 0.0% |
| Reserves | 13 | €119,419 | €123,399 | +€3,980 | +3.3% |
| Distributable reserves | 133 | €119,419 | €123,399 | +€3,980 | +3.3% |
| Amounts payable | 17/49 | €9,522 | €19,669 | +€10,146 | +106.6% |
| Amounts payable within one year | 42/48 | €7,128 | €15,843 | +€8,714 | +122.2% |
| Trade debts | 44 | €2,131 | €151 | -€1,980 | -92.9% |
| Suppliers | 440/4 | €2,131 | €151 | -€1,980 | -92.9% |
| Taxes, remuneration and social security | 45 | €4,998 | €0 | -€4,998 | -100.0% |
| Taxes | 450/3 | €4,998 | €0 | -€4,998 | -100.0% |
| Other amounts payable | 47/48 | - | €15,692 | +€15,692 | |
| Accrued charges and deferred income | 492/3 | €2,394 | €3,826 | +€1,432 | +59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,761 | €7,740 | -€6,021 | -43.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,750 | €0 | -€2,750 | -100.0% |
| Other operating charges | 640/8 | €1,219 | €1,142 | -€78 | -6.4% |
| Non-recurring operating charges | 66A | - | €2,950 | +€2,950 | |
| Gross operating margin | 9900 | €48,236 | €17,749 | -€30,487 | -63.2% |
| Operating profit (loss) | 9901 | €30,506 | €5,917 | -€24,588 | -80.6% |
| Financial income | 75/76B | €331 | €891 | +€561 | +169.5% |
| Recurring financial income | 75 | €331 | €891 | +€561 | +169.5% |
| Financial charges | 65/66B | €559 | €1,305 | +€746 | +133.3% |
| Recurring financial charges | 65 | €559 | €1,305 | +€746 | +133.3% |
| Profit (loss) for the period before taxes | 9903 | €30,277 | €5,504 | -€24,773 | -81.8% |
| Income taxes | 67/77 | €6,235 | €1,523 | -€4,711 | -75.6% |
| Profit (loss) for the period | 9904 | €24,042 | €3,980 | -€20,062 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,042 | €3,980 | -€20,062 | -83.4% |
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.