Retsilver Macellaio: what changed
Retsilver Macellaio
Largest movements
- Receivables within one year +€12,998
up €12,998 (+17.6%), from €73,978 to €86,976
of which Trade receivables: +€22,023
- Cash -€8,318
down €8,318 (-90.5%), from €9,188 to €870
mainly Other debts (-€69,870) and Net result for the year (-€33,909)
- Stocks and contracts +€4,327
up €4,327 (+15.3%), from €28,349 to €32,676
- Trade debts +€114,473
up €114,473 (+520%), from €22,024 to €136,496
- Other debts -€69,870
down €69,870 (-86.3%), from €80,991 to €11,121
- Profit (loss) carried forward -€33,909
down €33,909 (-183%), from -€18,492 to -€52,401
- Tax, wage and social debts -€2,290
down €2,290 (-8.5%), from €26,926 to €24,637
of which Remuneration and social security: -€2,171
- Gross operating margin -€61,921
down €61,921 (-22.5%), from €275,364 to €213,444
- Staff costs -€23,755
down €23,755 (-8.8%), from €270,042 to €246,287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,449 | €120,853 | +€8,404 | +7.5% |
| Fixed assets | 21/28 | €934 | €331 | -€603 | -64.6% |
| Tangible fixed assets | 22/27 | €934 | €331 | -€603 | -64.6% |
| Furniture and vehicles | 24 | €934 | €331 | -€603 | -64.6% |
| Current assets | 29/58 | €111,515 | €120,522 | +€9,007 | +8.1% |
| Stocks and contracts in progress | 3 | €28,349 | €32,676 | +€4,327 | +15.3% |
| Stocks | 30/36 | €28,349 | €32,676 | +€4,327 | +15.3% |
| Amounts receivable within one year | 40/41 | €73,978 | €86,976 | +€12,998 | +17.6% |
| Trade receivables | 40 | €23,412 | €45,435 | +€22,023 | +94.1% |
| Other amounts receivable | 41 | €50,566 | €41,541 | -€9,025 | -17.8% |
| Cash at bank and in hand | 54/58 | €9,188 | €870 | -€8,318 | -90.5% |
| Total equity and liabilities | 10/49 | €112,449 | €120,853 | +€8,404 | +7.5% |
| Equity | 10/15 | -€17,492 | -€51,401 | -€33,909 | -194% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,492 | -€52,401 | -€33,909 | -183% |
| Amounts payable | 17/49 | €129,941 | €172,254 | +€42,313 | +32.6% |
| Amounts payable within one year | 42/48 | €129,941 | €172,254 | +€42,313 | +32.6% |
| Trade debts | 44 | €22,024 | €136,496 | +€114,473 | +520% |
| Suppliers | 440/4 | €22,024 | €136,496 | +€114,473 | +520% |
| Taxes, remuneration and social security | 45 | €26,926 | €24,637 | -€2,290 | -8.5% |
| Taxes | 450/3 | €735 | €616 | -€119 | -16.2% |
| Remuneration and social security | 454/9 | €26,191 | €24,020 | -€2,171 | -8.3% |
| Other amounts payable | 47/48 | €80,991 | €11,121 | -€69,870 | -86.3% |
| Remuneration, social security and pensions | 62 | €270,042 | €246,287 | -€23,755 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €603 | = | 0.0% |
| Other operating charges | 640/8 | €964 | €586 | -€378 | -39.3% |
| Gross operating margin | 9900 | €275,364 | €213,444 | -€61,921 | -22.5% |
| Operating profit (loss) | 9901 | €3,755 | -€34,032 | -€37,787 | |
| Financial income | 75/76B | €2,797 | €2,632 | -€165 | -5.9% |
| Recurring financial income | 75 | €2,797 | €2,632 | -€165 | -5.9% |
| Financial charges | 65/66B | €78 | €2,509 | +€2,431 | +3,117% |
| Recurring financial charges | 65 | €78 | €2,509 | +€2,431 | +3,117% |
| Profit (loss) for the period before taxes | 9903 | €6,474 | -€33,909 | -€40,383 | |
| Profit (loss) for the period | 9904 | €6,474 | -€33,909 | -€40,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,474 | -€33,909 | -€40,383 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.