R.E.L.: 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.
R.E.L.
Largest movements
- Tangible fixed assets -€2,643
down €2,643 (-50.1%), from €5,277 to €2,634
- Profit (loss) carried forward -€8,046
down €8,046 (-87.5%), from -€9,193 to -€17,240
- Other debts +€4,300
up €4,300 (+8945.3%), from €48 to €4,348
- Gross operating margin +€6,257
up €6,257 (+57.1%), from -€10,957 to -€4,701
- Depreciation -€2,300
down €2,300 (-46.5%), from €4,944 to €2,643
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 | €206,540 | €202,839 | -€3,700 | -1.8% |
| Fixed assets | 21/28 | €5,277 | €2,634 | -€2,643 | -50.1% |
| Tangible fixed assets | 22/27 | €5,277 | €2,634 | -€2,643 | -50.1% |
| Land and buildings | 22 | €1,252 | - | -€1,252 | |
| Plant, machinery and equipment | 23 | €2,857 | €2,027 | -€831 | -29.1% |
| Furniture and vehicles | 24 | €1,056 | €607 | -€448 | -42.5% |
| Other tangible fixed assets | 26 | €112 | - | -€112 | |
| Current assets | 29/58 | €201,263 | €200,206 | -€1,057 | -0.5% |
| Amounts receivable within one year | 40/41 | €200,573 | €200,023 | -€550 | -0.3% |
| Other amounts receivable | 41 | €200,573 | €200,023 | -€550 | -0.3% |
| Cash at bank and in hand | 54/58 | €689 | €182 | -€507 | -73.6% |
| Total equity and liabilities | 10/49 | €206,540 | €202,839 | -€3,700 | -1.8% |
| Equity | 10/15 | €6,067 | -€1,980 | -€8,046 | |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,193 | -€17,240 | -€8,046 | -87.5% |
| Amounts payable | 17/49 | €200,473 | €204,819 | +€4,346 | +2.2% |
| Amounts payable within one year | 42/48 | €200,473 | €204,819 | +€4,346 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €425 | €471 | +€46 | +10.8% |
| Suppliers | 440/4 | €425 | €471 | +€46 | +10.8% |
| Other amounts payable | 47/48 | €48 | €4,348 | +€4,300 | +8945.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,944 | €2,643 | -€2,300 | -46.5% |
| Other operating charges | 640/8 | €590 | €531 | -€58 | -9.9% |
| Gross operating margin | 9900 | -€10,957 | -€4,701 | +€6,257 | +57.1% |
| Operating profit (loss) | 9901 | -€16,490 | -€7,875 | +€8,615 | +52.2% |
| Financial charges | 65/66B | €171 | €171 | -€0 | -0.2% |
| Recurring financial charges | 65 | €171 | €171 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,662 | -€8,046 | +€8,616 | +51.7% |
| Profit (loss) for the period | 9904 | -€16,662 | -€8,046 | +€8,616 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,662 | -€8,046 | +€8,616 | +51.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.