RE-innovate: 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-innovate
Largest movements
- Financial fixed assets -€1.7m
down €1.7m (-89.4%), from €1.9m to €197,569
- Receivables within one year +€69,603
up €69,603 (+36.2%), from €192,088 to €261,691
of which Other amounts receivable: +€67,458
- Tangible fixed assets -€25,490
down €25,490 (-28.3%), from €90,015 to €64,525
of which Furniture and vehicles: -€22,008
- Revaluation surpluses -€1.7m
down €1.7m (-96.8%), from €1.7m to €55,902
- Reserves +€46,004
up €46,004 (+10.9%), from €421,769 to €467,773
- Gross operating margin +€5,343
up €5,343 (+6.7%), from €79,338 to €84,681
- Taxes +€1,446
up €1,446 (+8.1%), from €17,933 to €19,379
- Other operating charges -€860
down €860 (-32.7%), from €2,627 to €1,767
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 | €2,284,581 | €634,558 | -€1.7m | -72.2% |
| Fixed assets | 21/28 | €1,955,612 | €262,094 | -€1.7m | -86.6% |
| Tangible fixed assets | 22/27 | €90,015 | €64,525 | -€25,490 | -28.3% |
| Plant, machinery and equipment | 23 | €3,134 | €3,051 | -€83 | -2.7% |
| Furniture and vehicles | 24 | €74,525 | €52,517 | -€22,008 | -29.5% |
| Other tangible fixed assets | 26 | €12,356 | €8,957 | -€3,399 | -27.5% |
| Financial fixed assets | 28 | €1,865,597 | €197,569 | -€1.7m | -89.4% |
| Current assets | 29/58 | €328,968 | €372,464 | +€43,496 | +13.2% |
| Amounts receivable within one year | 40/41 | €192,088 | €261,691 | +€69,603 | +36.2% |
| Trade receivables | 40 | €124 | €2,269 | +€2,145 | +1,730% |
| Other amounts receivable | 41 | €191,964 | €259,422 | +€67,458 | +35.1% |
| Current investments | 50/53 | €109,013 | €92,616 | -€16,397 | -15.0% |
| Cash at bank and in hand | 54/58 | €13,785 | €915 | -€12,870 | -93.4% |
| Deferred charges and accrued income | 490/1 | €14,082 | €17,242 | +€3,160 | +22.4% |
| Total equity and liabilities | 10/49 | €2,284,581 | €634,558 | -€1.7m | -72.2% |
| Equity | 10/15 | €2,164,299 | €542,274 | -€1.6m | -74.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,723,930 | €55,902 | -€1.7m | -96.8% |
| Reserves | 13 | €421,769 | €467,773 | +€46,004 | +10.9% |
| Distributable reserves | 133 | €421,769 | €467,773 | +€46,004 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,282 | €92,284 | -€27,998 | -23.3% |
| Amounts payable after more than one year | 17 | €48,504 | €28,782 | -€19,722 | -40.7% |
| Financial debts | 170/4 | €48,504 | €28,782 | -€19,722 | -40.7% |
| Amounts payable within one year | 42/48 | €71,778 | €63,501 | -€8,277 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €30,584 | €33,722 | +€3,137 | +10.3% |
| Financial debts | 43 | €2,410 | €630 | -€1,780 | -73.9% |
| Credit institutions | 430/8 | €2,410 | €630 | -€1,780 | -73.9% |
| Trade debts | 44 | €2,535 | €5,509 | +€2,973 | +117% |
| Suppliers | 440/4 | €2,535 | €5,509 | +€2,973 | +117% |
| Taxes, remuneration and social security | 45 | €34,270 | €21,613 | -€12,657 | -36.9% |
| Taxes | 450/3 | €34,270 | €21,613 | -€12,657 | -36.9% |
| Other amounts payable | 47/48 | €1,979 | €2,028 | +€49 | +2.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,595 | €27,284 | +€689 | +2.6% |
| Other operating charges | 640/8 | €2,627 | €1,767 | -€860 | -32.7% |
| Gross operating margin | 9900 | €79,338 | €84,681 | +€5,343 | +6.7% |
| Operating profit (loss) | 9901 | €50,115 | €55,630 | +€5,514 | +11.0% |
| Financial income | 75/76B | €12,594 | €12,849 | +€255 | +2.0% |
| Recurring financial income | 75 | €12,594 | €12,849 | +€255 | +2.0% |
| Financial charges | 65/66B | €3,223 | €3,096 | -€127 | -3.9% |
| Recurring financial charges | 65 | €3,223 | €3,096 | -€127 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €59,487 | €65,383 | +€5,896 | +9.9% |
| Income taxes | 67/77 | €17,933 | €19,379 | +€1,446 | +8.1% |
| Profit (loss) for the period | 9904 | €41,553 | €46,004 | +€4,451 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,553 | €46,004 | +€4,451 | +10.7% |
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 16 October 2026 via checked.be.