Re-Lab: 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-Lab
Largest movements
- Current investments +€31,944
up €31,944 (+157.4%), from €20,301 to €52,245
- Tangible fixed assets -€18,014
down €18,014 (-7.0%), from €257,159 to €239,145
- Cash -€8,184
down €8,184 (-49.9%), from €16,417 to €8,232
mainly Current investments (-€31,944) and Debts after one year (-€17,099)
- Reserves +€44,101
up €44,101 (+25.4%), from €173,821 to €217,922
- Debts after one year -€17,099
down €17,099 (-8.4%), from €204,196 to €187,097
- Profit (loss) carried forward -€14,056
down €14,056 (-100.0%), from €14,056 to €0
- Other debts -€9,277
down €9,277 (-39.8%), from €23,333 to €14,056
No income-statement line moved by more than 1% of the activity.
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 | €457,882 | €462,881 | +€4,999 | +1.1% |
| Fixed assets | 21/28 | €260,026 | €242,012 | -€18,014 | -6.9% |
| Tangible fixed assets | 22/27 | €257,159 | €239,145 | -€18,014 | -7.0% |
| Land and buildings | 22 | €225,109 | €218,862 | -€6,248 | -2.8% |
| Furniture and vehicles | 24 | €18,193 | €9,927 | -€8,266 | -45.4% |
| Leasing and similar rights | 25 | €13,857 | €10,357 | -€3,501 | -25.3% |
| Financial fixed assets | 28 | €2,867 | €2,867 | = | 0.0% |
| Current assets | 29/58 | €197,856 | €220,869 | +€23,014 | +11.6% |
| Amounts receivable within one year | 40/41 | €160,285 | €158,784 | -€1,500 | -0.9% |
| Trade receivables | 40 | €62,275 | €62,874 | +€599 | +1.0% |
| Other amounts receivable | 41 | €98,010 | €95,910 | -€2,099 | -2.1% |
| Current investments | 50/53 | €20,301 | €52,245 | +€31,944 | +157.4% |
| Cash at bank and in hand | 54/58 | €16,417 | €8,232 | -€8,184 | -49.9% |
| Deferred charges and accrued income | 490/1 | €853 | €1,607 | +€754 | +88.3% |
| Total equity and liabilities | 10/49 | €457,882 | €462,881 | +€4,999 | +1.1% |
| Equity | 10/15 | €194,077 | €224,122 | +€30,045 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €173,821 | €217,922 | +€44,101 | +25.4% |
| Distributable reserves | 133 | €173,821 | €217,922 | +€44,101 | +25.4% |
| Profit (loss) carried forward | 14 | €14,056 | €0 | -€14,056 | -100.0% |
| Amounts payable | 17/49 | €263,805 | €238,760 | -€25,045 | -9.5% |
| Amounts payable after more than one year | 17 | €204,196 | €187,097 | -€17,099 | -8.4% |
| Financial debts | 170/4 | €204,196 | €187,097 | -€17,099 | -8.4% |
| Amounts payable within one year | 42/48 | €59,603 | €50,498 | -€9,105 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €16,644 | €17,099 | +€456 | +2.7% |
| Financial debts | 43 | €6,761 | €6,728 | -€33 | -0.5% |
| Credit institutions | 430/8 | €6,761 | €6,728 | -€33 | -0.5% |
| Trade debts | 44 | €4,298 | €5,215 | +€917 | +21.3% |
| Suppliers | 440/4 | €4,298 | €5,215 | +€917 | +21.3% |
| Taxes, remuneration and social security | 45 | €8,567 | €7,400 | -€1,167 | -13.6% |
| Taxes | 450/3 | €8,567 | €7,400 | -€1,167 | -13.6% |
| Other amounts payable | 47/48 | €23,333 | €14,056 | -€9,277 | -39.8% |
| Accrued charges and deferred income | 492/3 | €6 | €1,165 | +€1,159 | +19445.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,719 | €18,014 | -€705 | -3.8% |
| Other operating charges | 640/8 | €3,450 | €3,099 | -€351 | -10.2% |
| Gross operating margin | 9900 | €90,101 | €90,213 | +€113 | +0.1% |
| Operating profit (loss) | 9901 | €67,932 | €69,100 | +€1,168 | +1.7% |
| Financial income | 75/76B | €143 | €349 | +€206 | +143.9% |
| Recurring financial income | 75 | €143 | €349 | +€206 | +143.9% |
| Financial charges | 65/66B | €6,105 | €5,363 | -€742 | -12.2% |
| Recurring financial charges | 65 | €6,105 | €5,363 | -€742 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €61,970 | €64,086 | +€2,116 | +3.4% |
| Income taxes | 67/77 | €19,854 | €19,985 | +€131 | +0.7% |
| Profit (loss) for the period | 9904 | €42,115 | €44,101 | +€1,985 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,115 | €44,101 | +€1,985 | +4.7% |
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 11 October 2026 via checked.be.