Re.Al Value Capital: 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.
Re.Al Value Capital
Largest movements
- Cash -€718,022
down €718,022 (-73.4%), from €977,632 to €259,610
mainly Current investments (-€395,355) and Contributions, distributions and other (-€238,000)
- Current investments +€395,355
new in 2025: €395,355
- Contributions -€238,000
down €238,000 (-79.3%), from €300,000 to €62,000
- Current portion of long-term debt -€73,850
down €73,850 (-100%), from €73,850 to €0
- Gross operating margin -€77,414
down €77,414, from €72,756 to -€4,658
- Taxes -€12,034
down €12,034 (-100%), from €12,034 to €0
- Financial charges -€8,807
down €8,807 (-72.1%), from €12,222 to €3,416
- Financial income +€6,976
up €6,976 (+34,880%), from €20 to €6,996
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 | €982,195 | €668,083 | -€314,112 | -32.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €982,195 | €668,083 | -€314,112 | -32.0% |
| Amounts receivable within one year | 40/41 | €4,562 | €6,122 | +€1,559 | +34.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,562 | €6,122 | +€1,559 | +34.2% |
| Current investments | 50/53 | - | €395,355 | +€395,355 | |
| Cash at bank and in hand | 54/58 | €977,632 | €259,610 | -€718,022 | -73.4% |
| Deferred charges and accrued income | 490/1 | - | €6,996 | +€6,996 | |
| Total equity and liabilities | 10/49 | €982,195 | €668,083 | -€314,112 | -32.0% |
| Equity | 10/15 | €667,452 | €427,256 | -€240,196 | -36.0% |
| Contributions | 10/11 | €300,000 | €62,000 | -€238,000 | -79.3% |
| Capital | 10 | €300,000 | €62,000 | -€238,000 | -79.3% |
| Issued capital | 100 | €300,000 | €62,000 | -€238,000 | -79.3% |
| Reserves | 13 | €367,452 | €365,256 | -€2,196 | -0.6% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €337,452 | €335,256 | -€2,196 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €314,742 | €240,827 | -€73,915 | -23.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €314,742 | €238,728 | -€76,014 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €73,850 | €0 | -€73,850 | -100% |
| Trade debts | 44 | €892 | €728 | -€164 | -18.4% |
| Suppliers | 440/4 | €892 | €728 | -€164 | -18.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €240,000 | €238,000 | -€2,000 | -0.8% |
| Accrued charges and deferred income | 492/3 | €0 | €2,099 | +€2,099 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Non-recurring operating charges | 66A | €395,544 | €0 | -€395,544 | -100% |
| Gross operating margin | 9900 | €72,756 | -€4,658 | -€77,414 | |
| Operating profit (loss) | 9901 | -€323,873 | -€5,777 | +€318,096 | +98.2% |
| Financial income | 75/76B | €20 | €6,996 | +€6,976 | +34,880% |
| Recurring financial income | 75 | €20 | €6,996 | +€6,976 | +34,880% |
| Financial charges | 65/66B | €12,222 | €3,416 | -€8,807 | -72.1% |
| Recurring financial charges | 65 | €12,222 | €3,416 | -€8,807 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | -€336,075 | -€2,196 | +€333,879 | +99.3% |
| Income taxes | 67/77 | €12,034 | €0 | -€12,034 | -100% |
| Profit (loss) for the period | 9904 | -€348,110 | -€2,196 | +€345,913 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€348,110 | -€2,196 | +€345,913 | +99.4% |
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 24 October 2026 via checked.be.