Re-Activ: what changed
Two fiscal 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.
Re-Activ
Largest movements
- Tangible fixed assets +€901,694
up €901,694 (+226.0%), from €398,900 to €1.3m
of which Land and buildings: +€902,406
- Debts after one year +€705,627
up €705,627 (+219.0%), from €322,197 to €1.0m
- Other debts +€184,094
up €184,094 (+609.8%), from €30,188 to €214,282
- Current portion of long-term debt +€26,697
up €26,697 (+151.0%), from €17,676 to €44,373
- Trade debts +€15,290
up €15,290 (+229.9%), from €6,651 to €21,940
- Depreciation +€26,914
up €26,914 (+139.1%), from €19,352 to €46,266
- Gross operating margin -€11,531
down €11,531 (-17.8%), from €64,662 to €53,131
- Other operating charges +€4,933
up €4,933 (+198.2%), from €2,489 to €7,421
- Financial charges +€933
up €933 (+13.0%), from €7,160 to €8,093
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 | €462,809 | €1,378,001 | +€915,192 | +197.7% |
| Fixed assets | 21/28 | €399,150 | €1,300,844 | +€901,694 | +225.9% |
| Tangible fixed assets | 22/27 | €398,900 | €1,300,594 | +€901,694 | +226.0% |
| Land and buildings | 22 | €361,234 | €1,263,640 | +€902,406 | +249.8% |
| Plant, machinery and equipment | 23 | €35,653 | €31,309 | -€4,344 | -12.2% |
| Furniture and vehicles | 24 | €2,014 | €5,645 | +€3,632 | +180.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €63,659 | €77,158 | +€13,498 | +21.2% |
| Amounts receivable within one year | 40/41 | €50,250 | €60,655 | +€10,405 | +20.7% |
| Trade receivables | 40 | €50,250 | €56,787 | +€6,537 | +13.0% |
| Other amounts receivable | 41 | - | €3,868 | +€3,868 | |
| Cash at bank and in hand | 54/58 | €11,227 | €12,486 | +€1,258 | +11.2% |
| Deferred charges and accrued income | 490/1 | €2,182 | €4,017 | +€1,835 | +84.1% |
| Total equity and liabilities | 10/49 | €462,809 | €1,378,001 | +€915,192 | +197.7% |
| Equity | 10/15 | €73,735 | €64,141 | -€9,594 | -13.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €23,735 | €14,141 | -€9,594 | -40.4% |
| Distributable reserves | 133 | €23,735 | €14,141 | -€9,594 | -40.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €389,075 | €1,313,860 | +€924,786 | +237.7% |
| Amounts payable after more than one year | 17 | €322,197 | €1,027,824 | +€705,627 | +219.0% |
| Financial debts | 170/4 | €322,197 | €1,027,824 | +€705,627 | +219.0% |
| Amounts payable within one year | 42/48 | €54,928 | €280,858 | +€225,930 | +411.3% |
| Current portion of amounts payable after more than one year | 42 | €17,676 | €44,373 | +€26,697 | +151.0% |
| Trade debts | 44 | €6,651 | €21,940 | +€15,290 | +229.9% |
| Suppliers | 440/4 | €6,651 | €21,940 | +€15,290 | +229.9% |
| Taxes, remuneration and social security | 45 | €413 | €264 | -€150 | -36.2% |
| Taxes | 450/3 | €413 | €264 | -€150 | -36.2% |
| Other amounts payable | 47/48 | €30,188 | €214,282 | +€184,094 | +609.8% |
| Accrued charges and deferred income | 492/3 | €11,949 | €5,178 | -€6,771 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,352 | €46,266 | +€26,914 | +139.1% |
| Other operating charges | 640/8 | €2,489 | €7,421 | +€4,933 | +198.2% |
| Gross operating margin | 9900 | €64,662 | €53,131 | -€11,531 | -17.8% |
| Operating profit (loss) | 9901 | €42,822 | -€556 | -€43,378 | |
| Financial income | 75/76B | €10 | €20 | +€10 | +100.5% |
| Recurring financial income | 75 | €10 | €20 | +€10 | +100.5% |
| Financial charges | 65/66B | €7,160 | €8,093 | +€933 | +13.0% |
| Recurring financial charges | 65 | €7,160 | €8,093 | +€933 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €35,672 | -€8,629 | -€44,301 | |
| Income taxes | 67/77 | €267 | €132 | -€135 | -50.5% |
| Profit (loss) for the period | 9904 | €35,405 | -€8,761 | -€44,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,405 | -€8,761 | -€44,166 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.