R2ELAN: 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.
R2ELAN
Largest movements
- Receivables within one year -€23,054
down €23,054 (-45.6%), from €50,571 to €27,517
- Cash -€5,981
down €5,981 (-17.6%), from €33,929 to €27,948
mainly Contributions, distributions and other (-€582,098) and Tax, wage and social debts (-€54,722)
- Other debts +€433,116
up €433,116 (+54516.4%), from €794 to €433,911
- Reserves -€391,200
down €391,200 (-100.0%), from €391,256 to €56
- Tax, wage and social debts -€54,722
down €54,722 (-46.0%), from €118,933 to €64,211
- Current portion of long-term debt -€15,902
down €15,902 (-100.0%), from €15,902 to €0
- Gross operating margin +€16,995
up €16,995 (+6.9%), from €247,405 to €264,400
- Financial income -€6,678
down €6,678 (-34.3%), from €19,493 to €12,815
of which Financial income: -€8,422
- Taxes +€2,672
up €2,672 (+4.2%), from €63,461 to €66,133
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 | €532,084 | €504,863 | -€27,221 | -5.1% |
| Fixed assets | 21/28 | €42,176 | €44,592 | +€2,416 | +5.7% |
| Tangible fixed assets | 22/27 | €42,176 | €44,592 | +€2,416 | +5.7% |
| Plant, machinery and equipment | 23 | €296 | €0 | -€296 | -100.0% |
| Furniture and vehicles | 24 | €31,535 | €20,113 | -€11,423 | -36.2% |
| Other tangible fixed assets | 26 | €10,345 | €24,480 | +€14,135 | +136.6% |
| Current assets | 29/58 | €489,908 | €460,271 | -€29,637 | -6.0% |
| Amounts receivable within one year | 40/41 | €50,571 | €27,517 | -€23,054 | -45.6% |
| Trade receivables | 40 | €50,571 | €27,517 | -€23,054 | -45.6% |
| Current investments | 50/53 | €404,742 | €403,874 | -€867 | -0.2% |
| Cash at bank and in hand | 54/58 | €33,929 | €27,948 | -€5,981 | -17.6% |
| Deferred charges and accrued income | 490/1 | €666 | €931 | +€266 | +39.9% |
| Total equity and liabilities | 10/49 | €532,084 | €504,863 | -€27,221 | -5.1% |
| Equity | 10/15 | €396,256 | €5,056 | -€391,200 | -98.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €391,256 | €56 | -€391,200 | -100.0% |
| Distributable reserves | 133 | €391,256 | €56 | -€391,200 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €135,827 | €499,807 | +€363,979 | +268.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €135,747 | €499,567 | +€363,819 | +268.0% |
| Current portion of amounts payable after more than one year | 42 | €15,902 | €0 | -€15,902 | -100.0% |
| Trade debts | 44 | €118 | €1,445 | +€1,327 | +1120.4% |
| Suppliers | 440/4 | €118 | €1,445 | +€1,327 | +1120.4% |
| Taxes, remuneration and social security | 45 | €118,933 | €64,211 | -€54,722 | -46.0% |
| Taxes | 450/3 | €118,933 | €64,211 | -€54,722 | -46.0% |
| Other amounts payable | 47/48 | €794 | €433,911 | +€433,116 | +54516.4% |
| Accrued charges and deferred income | 492/3 | €80 | €240 | +€160 | +200.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,373 | €13,926 | +€553 | +4.1% |
| Other operating charges | 640/8 | €175 | €462 | +€287 | +163.7% |
| Gross operating margin | 9900 | €247,405 | €264,400 | +€16,995 | +6.9% |
| Operating profit (loss) | 9901 | €233,857 | €250,012 | +€16,155 | +6.9% |
| Financial income | 75/76B | €19,493 | €12,815 | -€6,678 | -34.3% |
| Recurring financial income | 75 | €18,105 | €9,683 | -€8,422 | -46.5% |
| Non-recurring financial income | 76B | €1,388 | €3,132 | +€1,744 | +125.7% |
| Financial charges | 65/66B | €4,091 | €5,795 | +€1,704 | +41.7% |
| Recurring financial charges | 65 | €4,091 | €1,596 | -€2,495 | -61.0% |
| Non-recurring financial charges | 66B | - | €4,199 | +€4,199 | |
| Profit (loss) for the period before taxes | 9903 | €249,259 | €257,032 | +€7,773 | +3.1% |
| Income taxes | 67/77 | €63,461 | €66,133 | +€2,672 | +4.2% |
| Profit (loss) for the period | 9904 | €185,798 | €190,898 | +€5,101 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185,798 | €190,898 | +€5,101 | +2.7% |
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 11 October 2026 via checked.be.