RELY
Annual accounts 2025
full format, filed on 16-06-2026, 45 days before the deadlineMoney flows
turnover is 25.4% of income in 2025Balance sheet
balance sheet total €154.9m on 31-12-2025in €m
Position in the sector
1.39
Higher than 43% of 880 companies in 2025.
-14.9%
Higher than 10% of 891 companies in 2025.
Net result: bottom quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€416,846
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
154.9m | 148.4m | |
21/28 |
113.2m | 85.4m | |
21 |
7.9m | 5,185 | |
24 |
23,827 | - | |
28 |
105.2m | 80.3m | |
280/1 |
149,841 | 149,841 | |
280 |
149,841 | 149,841 | |
282/3 |
- | 80.0m | |
282 |
105.0m | 80.0m | |
284/8 |
45,419 | 68,129 | |
285/8 |
45,419 | 68,129 | |
29/58 |
41.8m | 62.9m | |
3 |
1.3m | 462,579 | |
37 |
1.3m | 462,579 | |
40/41 |
4.2m | 3.2m | |
40 |
3.4m | 1.8m | |
41 |
734,959 | 1.4m | |
50/53 |
- | 56.0m | |
51/53 |
- | 56.0m | |
54/58 |
6.3m | 3.0m | |
490/1 |
37,363 | 232,280 | |
| Balance sheet: equity and liabilities | |||
10/49 |
154.9m | 148.4m | |
10/11 |
125.1m | 100.1m | |
10 |
125.1m | 100.1m | |
100 |
125.1m | 100.1m | |
14 |
-42.4m | -19.3m | |
160/5 |
164,071 | - | |
164/5 |
164,071 | - | |
17/49 |
72.1m | 67.6m | |
17 |
- | 40.0m | |
170/4 |
- | 40.0m | |
174 |
- | 40.0m | |
42/48 |
30.0m | 24.6m | |
43 |
49,960 | 149,841 | |
439 |
49,960 | 149,841 | |
44 |
25.0m | 23.7m | |
440/4 |
25.0m | 23.7m | |
46 |
2.2m | - | |
45 |
2.8m | 807,529 | |
450/3 |
555,440 | 329,825 | |
454/9 |
2.3m | 478 | |
492/3 |
- | 3.0m | |
| Income statement | |||
70/76A |
- | 5.1m | |
70 |
8.9m | 3.3m | |
71 |
802,452 | 462,579 | |
72 |
1.1m | 1.0m | |
74 |
107,420 | 281,870 | |
60/66A |
- | 23.8m | |
60 |
86,263 | - | |
61 |
24.2m | 20.1m | |
62 |
7.6m | 3.7m | |
630 |
742,512 | - | |
635/8 |
164,071 | - | |
640/8 |
16,804 | - | |
9901 |
-22.0m | -18.7m | |
75 |
1.1m | 2.3m | |
751 |
1.0m | 2.2m | |
752/9 |
52,615 | 152,391 | |
65 |
2.2m | 3.0m | |
650 |
2.1m | 3.0m | |
652/9 |
123,608 | 16,534 | |
9903 |
-23.0m | -19.4m | |
67/77 |
22,566 | -53,427 | |
670/3 |
22,566 | 1,573 | |
77 |
- | 55,000 | |
9904 |
-23.1m | -19.3m | |
9905 |
-23.1m | -19.3m | |
| Appropriation of the result | |||
9906 |
-42.4m | -19.3m | |
14P |
-19.3m | - | |
| Social balance sheet | |||
9087 |
18.3 | 16.4 | |
| Document | |||
The notes to these accounts have 42 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -21.2m | - | ||
| -22.3m | - | ||
| 28.5m | 85.2m | ||
| 3.3m | - | ||
| 11.8m | 38.3m | ||
| 1.39 | 2.55 | ||
| 1.35 | 2.54 | ||
| -14.9% | -13.0% | ||
| -10.26 | - | ||
| 141 days | 198 days | ||
| 375 days | 430 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €37,037 | - |
| Intangible fixed assets | €3.5m | €5.2m |
| Financial fixed assets | €25.0m | €80.0m |
| €742,512 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Auditor
feesThe auditor is PricewaterhouseCoopers Reviseurs d'Entreprises.
| Item | 2025 | 2024 |
|---|---|---|
| Fee for the audit | €25,123 | €25,900 |
Source: notes to the 2024 to 2025 annual accounts (relations with the auditor)
Insights on RELY
The operating result for 2025 is a loss of €22.0m, larger than the loss of €18.7m in 2024.