R.L.RéaLisation: 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.L.RéaLisation
Largest movements
- Current investments +€1.5m
new in 2025: €1.5m
- Stocks and contracts +€465,985
up €465,985 (+40.3%), from €1.2m to €1.6m
- Debts after one year +€2.0m
up €2.0m (+193%), from €1.0m to €3.1m
- Profit (loss) carried forward -€62,428
down €62,428 (-198%), from -€31,512 to -€93,940
- Gross operating margin -€6,377
down €6,377, from €1,631 to -€4,746
- Financial charges +€2,061
up €2,061 (+3.5%), from €58,438 to €60,500
- Financial income +€1,096
up €1,096 (+60.9%), from €1,798 to €2,894
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 | €1,351,713 | €3,317,013 | +€2.0m | +145% |
| Current assets | 29/58 | €1,351,713 | €3,317,013 | +€2.0m | +145% |
| Stocks and contracts in progress | 3 | €1,155,366 | €1,621,351 | +€465,985 | +40.3% |
| Stocks | 30/36 | €1,155,366 | €1,621,351 | +€465,985 | +40.3% |
| Amounts receivable within one year | 40/41 | €185,499 | €184,230 | -€1,269 | -0.7% |
| Trade receivables | 40 | €1,271 | - | -€1,271 | |
| Other amounts receivable | 41 | €184,228 | €184,230 | +€2 | 0.0% |
| Current investments | 50/53 | - | €1,505,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €10,847 | €4,930 | -€5,917 | -54.5% |
| Deferred charges and accrued income | 490/1 | - | €1,502 | +€1,502 | |
| Total equity and liabilities | 10/49 | €1,351,713 | €3,317,013 | +€2.0m | +145% |
| Equity | 10/15 | €8,088 | -€54,340 | -€62,428 | |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €3,600 | €3,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,512 | -€93,940 | -€62,428 | -198% |
| Amounts payable | 17/49 | €1,343,624 | €3,371,353 | +€2.0m | +151% |
| Amounts payable after more than one year | 17 | €1,043,367 | €3,060,456 | +€2.0m | +193% |
| Financial debts | 170/4 | €1,043,367 | €3,060,456 | +€2.0m | +193% |
| Amounts payable within one year | 42/48 | €300,257 | €309,469 | +€9,212 | +3.1% |
| Trade debts | 44 | €11,362 | €14,102 | +€2,740 | +24.1% |
| Suppliers | 440/4 | €11,362 | €14,102 | +€2,740 | +24.1% |
| Other amounts payable | 47/48 | €288,895 | €295,367 | +€6,472 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €1,429 | +€1,429 | |
| Other operating charges | 640/8 | €75 | €77 | +€2 | +3.0% |
| Gross operating margin | 9900 | €1,631 | -€4,746 | -€6,377 | |
| Operating profit (loss) | 9901 | €1,556 | -€4,823 | -€6,379 | |
| Financial income | 75/76B | €1,798 | €2,894 | +€1,096 | +60.9% |
| Recurring financial income | 75 | €1,798 | €2,894 | +€1,096 | +60.9% |
| Financial charges | 65/66B | €58,438 | €60,500 | +€2,061 | +3.5% |
| Recurring financial charges | 65 | €58,438 | €60,500 | +€2,061 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,084 | -€62,428 | -€7,345 | -13.3% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€55,084 | -€62,428 | -€7,344 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,084 | -€62,428 | -€7,344 | -13.3% |
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 25 October 2026 via checked.be.