RIETRANSCO: 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.
RIETRANSCO
Largest movements
- Cash +€7,944
up €7,944 (+80.4%), from €9,887 to €17,831
mainly Net result for the year (+€10,415) and Receivables within one year (+€1,345)
- Tangible fixed assets +€2,800
new in 2025: €2,800
- Receivables within one year -€1,345
down €1,345 (-25.8%), from €5,210 to €3,865
of which Trade receivables: -€4,775
- Deferred charges and accrued income +€485
new in 2025: €485
- Reserves +€10,415
up €10,415 (+132.9%), from €7,834 to €18,249
- Tax, wage and social debts -€833
down €833 (-26.3%), from €3,162 to €2,329
- Trade debts +€403
new in 2025: €403
- Gross operating margin +€9,734
up €9,734 (+99.1%), from €9,818 to €19,551
- Staff costs +€2,725
new in 2025: €2,725
- Financial charges +€2,065
up €2,065 (+9718.2%), from €21 to €2,086
- Taxes +€964
up €964 (+49.2%), from €1,962 to €2,927
- Depreciation +€700
new in 2025: €700
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 | €15,096 | €24,982 | +€9,885 | +65.5% |
| Fixed assets | 21/28 | - | €2,800 | +€2,800 | |
| Tangible fixed assets | 22/27 | - | €2,800 | +€2,800 | |
| Furniture and vehicles | 24 | - | €2,800 | +€2,800 | |
| Current assets | 29/58 | €15,096 | €22,182 | +€7,085 | +46.9% |
| Amounts receivable within one year | 40/41 | €5,210 | €3,865 | -€1,345 | -25.8% |
| Trade receivables | 40 | €4,775 | - | -€4,775 | |
| Other amounts receivable | 41 | €435 | €3,865 | +€3,430 | +788.0% |
| Cash at bank and in hand | 54/58 | €9,887 | €17,831 | +€7,944 | +80.4% |
| Deferred charges and accrued income | 490/1 | - | €485 | +€485 | |
| Total equity and liabilities | 10/49 | €15,096 | €24,982 | +€9,885 | +65.5% |
| Equity | 10/15 | €11,834 | €22,249 | +€10,415 | +88.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €7,834 | €18,249 | +€10,415 | +132.9% |
| Distributable reserves | 133 | €7,834 | €18,249 | +€10,415 | +132.9% |
| Amounts payable | 17/49 | €3,262 | €2,733 | -€529 | -16.2% |
| Amounts payable within one year | 42/48 | €3,262 | €2,733 | -€529 | -16.2% |
| Trade debts | 44 | - | €403 | +€403 | |
| Suppliers | 440/4 | - | €403 | +€403 | |
| Taxes, remuneration and social security | 45 | €3,162 | €2,329 | -€833 | -26.3% |
| Taxes | 450/3 | €3,162 | €2,329 | -€833 | -26.3% |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Remuneration, social security and pensions | 62 | - | €2,725 | +€2,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €700 | +€700 | |
| Other operating charges | 640/8 | - | €699 | +€699 | |
| Gross operating margin | 9900 | €9,818 | €19,551 | +€9,734 | +99.1% |
| Operating profit (loss) | 9901 | €9,818 | €15,428 | +€5,610 | +57.1% |
| Financial charges | 65/66B | €21 | €2,086 | +€2,065 | +9718.2% |
| Recurring financial charges | 65 | €21 | €2,086 | +€2,065 | +9718.2% |
| Profit (loss) for the period before taxes | 9903 | €9,796 | €13,341 | +€3,545 | +36.2% |
| Income taxes | 67/77 | €1,962 | €2,927 | +€964 | +49.2% |
| Profit (loss) for the period | 9904 | €7,834 | €10,415 | +€2,580 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,834 | €10,415 | +€2,580 | +32.9% |
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.