Fabienne RELY: 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.
Fabienne RELY
Largest movements
- Receivables within one year +€18,325
up €18,325 (+19.9%), from €92,013 to €110,338
of which Other amounts receivable: +€22,966
- Cash +€6,756
up €6,756 (+71.1%), from €9,497 to €16,253
mainly Tax, wage and social debts (+€15,661) and Net result for the year (+€7,035)
- Tax, wage and social debts +€15,661
up €15,661 (+392%), from €3,994 to €19,655
- Reserves +€5,000
up €5,000 (+269%), from €1,860 to €6,860
of which Distributable reserves: +€5,000
- Profit (loss) carried forward +€2,035
up €2,035 (+2.5%), from €82,751 to €84,786
- Trade debts +€1,673
up €1,673 (+54.9%), from €3,048 to €4,721
- Taxes +€5,186
up €5,186 (+140%), from €3,708 to €8,894
- Gross operating margin -€4,052
down €4,052 (-21.2%), from €19,124 to €15,072
- Depreciation -€1,628
down €1,628 (-65.8%), from €2,474 to €846
- Write-downs -€1,400
no longer reported in 2025 (was €1,400)
- Financial income +€376
up €376 (+8.6%), from €4,365 to €4,741
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 | €104,053 | €128,422 | +€24,369 | +23.4% |
| Fixed assets | 21/28 | €2,161 | €1,315 | -€846 | -39.1% |
| Tangible fixed assets | 22/27 | €2,161 | €1,315 | -€846 | -39.1% |
| Plant, machinery and equipment | 23 | €77 | €24 | -€53 | -68.8% |
| Furniture and vehicles | 24 | €2,084 | €1,291 | -€793 | -38.1% |
| Current assets | 29/58 | €101,892 | €127,107 | +€25,215 | +24.7% |
| Amounts receivable within one year | 40/41 | €92,013 | €110,338 | +€18,325 | +19.9% |
| Trade receivables | 40 | €15,719 | €11,078 | -€4,641 | -29.5% |
| Other amounts receivable | 41 | €76,294 | €99,260 | +€22,966 | +30.1% |
| Cash at bank and in hand | 54/58 | €9,497 | €16,253 | +€6,756 | +71.1% |
| Deferred charges and accrued income | 490/1 | €382 | €516 | +€134 | +35.1% |
| Total equity and liabilities | 10/49 | €104,053 | €128,422 | +€24,369 | +23.4% |
| Equity | 10/15 | €97,011 | €104,046 | +€7,035 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €6,860 | +€5,000 | +269% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €82,751 | €84,786 | +€2,035 | +2.5% |
| Amounts payable | 17/49 | €7,042 | €24,376 | +€17,334 | +246% |
| Amounts payable within one year | 42/48 | €7,042 | €24,376 | +€17,334 | +246% |
| Trade debts | 44 | €3,048 | €4,721 | +€1,673 | +54.9% |
| Suppliers | 440/4 | €3,048 | €4,721 | +€1,673 | +54.9% |
| Taxes, remuneration and social security | 45 | €3,994 | €19,655 | +€15,661 | +392% |
| Taxes | 450/3 | €3,994 | €19,655 | +€15,661 | +392% |
| Remuneration, social security and pensions | 62 | €1,794 | €1,933 | +€139 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,474 | €846 | -€1,628 | -65.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,400 | - | -€1,400 | |
| Other operating charges | 640/8 | €1,029 | €920 | -€109 | -10.6% |
| Non-recurring operating charges | 66A | €1,345 | - | -€1,345 | |
| Gross operating margin | 9900 | €19,124 | €15,072 | -€4,052 | -21.2% |
| Operating profit (loss) | 9901 | €11,082 | €11,373 | +€291 | +2.6% |
| Financial income | 75/76B | €4,365 | €4,741 | +€376 | +8.6% |
| Recurring financial income | 75 | €4,365 | €4,741 | +€376 | +8.6% |
| Financial charges | 65/66B | €170 | €185 | +€15 | +8.8% |
| Recurring financial charges | 65 | €170 | €185 | +€15 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €15,277 | €15,929 | +€652 | +4.3% |
| Income taxes | 67/77 | €3,708 | €8,894 | +€5,186 | +140% |
| Profit (loss) for the period | 9904 | €11,569 | €7,035 | -€4,534 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,569 | €7,035 | -€4,534 | -39.2% |
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 15 October 2026 via checked.be.