RE Belgium: 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 Belgium
Largest movements
- Receivables within one year +€52,577
up €52,577 (+158%), from €33,181 to €85,758
of which Trade receivables: +€61,825
- Cash -€27,519
down €27,519 (-79.7%), from €34,519 to €7,000
mainly Receivables within one year (-€52,577) and Other debts (-€18,518)
- Deferred charges and accrued income +€4,799
new in 2025: €4,799
- Profit (loss) carried forward +€59,761
up €59,761 (+18.6%), from -€321,987 to -€262,225
- Other debts -€18,518
down €18,518 (-5.2%), from €359,373 to €340,855
- Trade debts -€6,387
down €6,387 (-41.7%), from €15,313 to €8,926
- Accrued charges and deferred income -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€209,393
up €209,393, from -€86,767 to €122,627
- Staff costs +€56,115
new in 2025: €56,115
- Financial charges +€6,706
up €6,706 (+15,417%), from €44 to €6,750
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 | €67,700 | €97,557 | +€29,857 | +44.1% |
| Current assets | 29/58 | €67,700 | €97,557 | +€29,857 | +44.1% |
| Amounts receivable within one year | 40/41 | €33,181 | €85,758 | +€52,577 | +158% |
| Trade receivables | 40 | €13,033 | €74,858 | +€61,825 | +474% |
| Other amounts receivable | 41 | €20,148 | €10,900 | -€9,248 | -45.9% |
| Cash at bank and in hand | 54/58 | €34,519 | €7,000 | -€27,519 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €4,799 | +€4,799 | |
| Total equity and liabilities | 10/49 | €67,700 | €97,557 | +€29,857 | +44.1% |
| Equity | 10/15 | -€311,987 | -€252,225 | +€59,761 | +19.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,987 | -€262,225 | +€59,761 | +18.6% |
| Amounts payable | 17/49 | €379,686 | €349,782 | -€29,904 | -7.9% |
| Amounts payable within one year | 42/48 | €374,686 | €349,782 | -€24,904 | -6.6% |
| Trade debts | 44 | €15,313 | €8,926 | -€6,387 | -41.7% |
| Suppliers | 440/4 | €15,313 | €8,926 | -€6,387 | -41.7% |
| Other amounts payable | 47/48 | €359,373 | €340,855 | -€18,518 | -5.2% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | - | €56,115 | +€56,115 | |
| Other operating charges | 640/8 | €125 | - | -€125 | |
| Gross operating margin | 9900 | -€86,767 | €122,627 | +€209,393 | |
| Operating profit (loss) | 9901 | -€86,892 | €66,511 | +€153,403 | |
| Financial charges | 65/66B | €44 | €6,750 | +€6,706 | +15,417% |
| Recurring financial charges | 65 | €44 | €6,750 | +€6,706 | +15,417% |
| Profit (loss) for the period before taxes | 9903 | -€86,935 | €59,761 | +€146,697 | |
| Profit (loss) for the period | 9904 | -€86,935 | €59,761 | +€146,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,935 | €59,761 | +€146,697 |
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 20 October 2026 via checked.be.