RETHO: what changed
RETHO
Largest movements
- Cash -€9,183
down €9,183 (-91.6%), from €10,019 to €837
mainly Investment in fixed assets (net) (-€7,298) and Trade debts (-€1,252)
- Tangible fixed assets +€7,298
up €7,298 (+1.6%), from €447,844 to €455,142
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€3,364
new in 2025: €3,364
- Gross operating margin +€902
up €902 (+30.1%), from €2,999 to €3,900
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 | €461,535 | €460,777 | -€758 | -0.2% |
| Fixed assets | 21/28 | €447,844 | €455,142 | +€7,298 | +1.6% |
| Tangible fixed assets | 22/27 | €447,844 | €455,142 | +€7,298 | +1.6% |
| Land and buildings | 22 | €447,844 | €455,142 | +€7,298 | +1.6% |
| Current assets | 29/58 | €13,691 | €5,635 | -€8,056 | -58.8% |
| Amounts receivable within one year | 40/41 | €3,672 | €4,799 | +€1,127 | +30.7% |
| Other amounts receivable | 41 | €3,672 | €4,799 | +€1,127 | +30.7% |
| Cash at bank and in hand | 54/58 | €10,019 | €837 | -€9,183 | -91.6% |
| Total equity and liabilities | 10/49 | €461,535 | €460,777 | -€758 | -0.2% |
| Equity | 10/15 | €460,283 | €460,777 | +€494 | +0.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,717 | -€39,223 | +€494 | +1.2% |
| Amounts payable | 17/49 | €1,252 | - | -€1,252 | |
| Amounts payable within one year | 42/48 | €1,252 | - | -€1,252 | |
| Trade debts | 44 | €1,252 | - | -€1,252 | |
| Suppliers | 440/4 | €1,252 | - | -€1,252 | |
| Other operating charges | 640/8 | - | €3,364 | +€3,364 | |
| Gross operating margin | 9900 | €2,999 | €3,900 | +€902 | +30.1% |
| Operating profit (loss) | 9901 | €2,999 | €536 | -€2,462 | -82.1% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,957 | €494 | -€2,462 | -83.3% |
| Profit (loss) for the period | 9904 | €2,957 | €494 | -€2,462 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,957 | €494 | -€2,462 | -83.3% |
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 8 November 2026 via checked.be.