RE-ELLE: 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-ELLE
Largest movements
- Receivables within one year -€237,558
down €237,558 (-63.3%), from €375,144 to €137,586
of which Trade receivables: -€254,556
- Cash -€150,596
down €150,596 (-78.8%), from €191,014 to €40,418
mainly Net result for the year (-€355,305) and Other debts (-€107,600)
- Tangible fixed assets -€75,853
down €75,853 (-4.2%), from €1.8m to €1.8m
of which Land and buildings: -€51,045
- Profit (loss) carried forward -€355,305
down €355,305 (-27.7%), from €1.3m to €928,614
- Other debts -€107,600
down €107,600 (-16.0%), from €673,165 to €565,565
- Gross operating margin -€305,832
down €305,832, from €29,991 to -€275,841
- Depreciation -€52,865
down €52,865 (-40.2%), from €131,550 to €78,685
- Other operating charges -€9,599
down €9,599 (-71.9%), from €13,344 to €3,745
- Taxes -€6,695
down €6,695 (-88.9%), from €7,527 to €832
- Financial income -€4,960
down €4,960 (-40.5%), from €12,248 to €7,288
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 | €2,554,558 | €2,090,580 | -€463,978 | -18.2% |
| Fixed assets | 21/28 | €1,838,505 | €1,762,652 | -€75,853 | -4.1% |
| Tangible fixed assets | 22/27 | €1,826,955 | €1,751,102 | -€75,853 | -4.2% |
| Land and buildings | 22 | €1,728,805 | €1,677,760 | -€51,045 | -3.0% |
| Plant, machinery and equipment | 23 | €7,052 | €5,283 | -€1,768 | -25.1% |
| Furniture and vehicles | 24 | €91,098 | €68,058 | -€23,040 | -25.3% |
| Financial fixed assets | 28 | €11,550 | €11,550 | = | 0.0% |
| Current assets | 29/58 | €716,053 | €327,928 | -€388,125 | -54.2% |
| Amounts receivable within one year | 40/41 | €375,144 | €137,586 | -€237,558 | -63.3% |
| Trade receivables | 40 | €280,411 | €25,855 | -€254,556 | -90.8% |
| Other amounts receivable | 41 | €94,733 | €111,731 | +€16,998 | +17.9% |
| Current investments | 50/53 | €147,120 | €147,120 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €191,014 | €40,418 | -€150,596 | -78.8% |
| Deferred charges and accrued income | 490/1 | €2,775 | €2,804 | +€29 | +1.1% |
| Total equity and liabilities | 10/49 | €2,554,558 | €2,090,580 | -€463,978 | -18.2% |
| Equity | 10/15 | €1,633,919 | €1,278,614 | -€355,305 | -21.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,283,919 | €928,614 | -€355,305 | -27.7% |
| Amounts payable | 17/49 | €920,639 | €811,966 | -€108,673 | -11.8% |
| Amounts payable after more than one year | 17 | €164,522 | €153,882 | -€10,640 | -6.5% |
| Financial debts | 170/4 | €164,522 | €153,882 | -€10,640 | -6.5% |
| Amounts payable within one year | 42/48 | €756,117 | €657,968 | -€98,149 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €59,781 | €60,640 | +€858 | +1.4% |
| Trade debts | 44 | €16,325 | €26,687 | +€10,362 | +63.5% |
| Suppliers | 440/4 | €16,325 | €26,687 | +€10,362 | +63.5% |
| Taxes, remuneration and social security | 45 | €6,845 | €5,076 | -€1,768 | -25.8% |
| Taxes | 450/3 | €6,845 | €5,076 | -€1,768 | -25.8% |
| Other amounts payable | 47/48 | €673,165 | €565,565 | -€107,600 | -16.0% |
| Accrued charges and deferred income | 492/3 | - | €115 | +€115 | |
| Non-recurring operating income | 76A | - | €1,606 | +€1,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,550 | €78,685 | -€52,865 | -40.2% |
| Other operating charges | 640/8 | €13,344 | €3,745 | -€9,599 | -71.9% |
| Non-recurring operating charges | 66A | €52,375 | - | -€52,375 | |
| Gross operating margin | 9900 | €29,991 | -€275,841 | -€305,832 | |
| Operating profit (loss) | 9901 | -€167,279 | -€358,271 | -€190,993 | -114% |
| Financial income | 75/76B | €12,248 | €7,288 | -€4,960 | -40.5% |
| Recurring financial income | 75 | €12,248 | €7,288 | -€4,960 | -40.5% |
| Financial charges | 65/66B | €7,761 | €3,490 | -€4,271 | -55.0% |
| Recurring financial charges | 65 | €7,761 | €3,490 | -€4,271 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€162,792 | -€354,473 | -€191,681 | -118% |
| Income taxes | 67/77 | €7,527 | €832 | -€6,695 | -88.9% |
| Profit (loss) for the period | 9904 | -€170,319 | -€355,305 | -€184,986 | -109% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,319 | -€355,305 | -€184,986 | -109% |
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 28 October 2026 via checked.be.