RetroWheelz: 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.
RetroWheelz
Largest movements
- Stocks and contracts +€36,137
up €36,137 (+29.6%), from €121,951 to €158,088
- Receivables within one year -€12,118
down €12,118 (-10.0%), from €120,787 to €108,668
of which Trade receivables: -€7,703
- Cash -€11,231
down €11,231 (-51.6%), from €21,782 to €10,551
mainly Stocks and contracts (-€36,137) and Investment in fixed assets (net) (-€12,811)
- Tangible fixed assets -€6,853
down €6,853 (-2.6%), from €266,683 to €259,830
of which Land and buildings: -€11,077
- Reserves +€22,696
up €22,696 (+16.8%), from €135,196 to €157,892
- Debts after one year -€11,711
down €11,711 (-5.7%), from €203,681 to €191,970
- Other debts -€7,426
down €7,426 (-6.9%), from €107,725 to €100,299
- Gross operating margin +€43,809
up €43,809 (+400%), from €10,960 to €54,770
- Other operating charges -€2,892
down €2,892 (-49.9%), from €5,794 to €2,902
- Depreciation +€1,559
up €1,559 (+8.6%), from €18,106 to €19,665
- Financial charges +€1,477
up €1,477 (+18.6%), from €7,942 to €9,420
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.
Derived cash bridge
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 | €532,323 | €537,137 | +€4,814 | +0.9% |
| Fixed assets | 21/28 | €266,683 | €259,830 | -€6,853 | -2.6% |
| Tangible fixed assets | 22/27 | €266,683 | €259,830 | -€6,853 | -2.6% |
| Land and buildings | 22 | €246,267 | €235,190 | -€11,077 | -4.5% |
| Plant, machinery and equipment | 23 | €13,579 | €9,668 | -€3,911 | -28.8% |
| Furniture and vehicles | 24 | €5,837 | €13,972 | +€8,135 | +139% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €265,640 | €277,308 | +€11,667 | +4.4% |
| Stocks and contracts in progress | 3 | €121,951 | €158,088 | +€36,137 | +29.6% |
| Stocks | 30/36 | €121,951 | €158,088 | +€36,137 | +29.6% |
| Amounts receivable within one year | 40/41 | €120,787 | €108,668 | -€12,118 | -10.0% |
| Trade receivables | 40 | €102,038 | €94,335 | -€7,703 | -7.5% |
| Other amounts receivable | 41 | €18,749 | €14,334 | -€4,415 | -23.5% |
| Cash at bank and in hand | 54/58 | €21,782 | €10,551 | -€11,231 | -51.6% |
| Deferred charges and accrued income | 490/1 | €1,121 | - | -€1,121 | |
| Total equity and liabilities | 10/49 | €532,323 | €537,137 | +€4,814 | +0.9% |
| Equity | 10/15 | €153,796 | €176,492 | +€22,696 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,196 | €157,892 | +€22,696 | +16.8% |
| Distributable reserves | 133 | €135,196 | €157,892 | +€22,696 | +16.8% |
| Amounts payable | 17/49 | €378,527 | €360,645 | -€17,882 | -4.7% |
| Amounts payable after more than one year | 17 | €203,681 | €191,970 | -€11,711 | -5.7% |
| Financial debts | 170/4 | €203,681 | €191,970 | -€11,711 | -5.7% |
| Amounts payable within one year | 42/48 | €150,500 | €143,704 | -€6,796 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €12,219 | €12,398 | +€179 | +1.5% |
| Trade debts | 44 | €4,327 | €2,855 | -€1,472 | -34.0% |
| Suppliers | 440/4 | €4,327 | €2,855 | -€1,472 | -34.0% |
| Taxes, remuneration and social security | 45 | €26,229 | €28,153 | +€1,923 | +7.3% |
| Taxes | 450/3 | €26,229 | €28,153 | +€1,923 | +7.3% |
| Other amounts payable | 47/48 | €107,725 | €100,299 | -€7,426 | -6.9% |
| Accrued charges and deferred income | 492/3 | €24,345 | €24,971 | +€626 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,106 | €19,665 | +€1,559 | +8.6% |
| Other operating charges | 640/8 | €5,794 | €2,902 | -€2,892 | -49.9% |
| Non-recurring operating charges | 66A | - | €1,140 | +€1,140 | |
| Gross operating margin | 9900 | €10,960 | €54,770 | +€43,809 | +400% |
| Operating profit (loss) | 9901 | -€12,939 | €31,063 | +€44,002 | |
| Financial income | 75/76B | €899 | €1,184 | +€285 | +31.7% |
| Recurring financial income | 75 | €899 | €1,184 | +€285 | +31.7% |
| Financial charges | 65/66B | €7,942 | €9,420 | +€1,477 | +18.6% |
| Recurring financial charges | 65 | €7,942 | €9,420 | +€1,477 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,982 | €22,828 | +€42,809 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€20,110 | €22,696 | +€42,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,110 | €22,696 | +€42,805 |
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 26 October 2026 via checked.be.