RE-manage: 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.
What changed
RE-manage
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€697,696
2024 · -€95,242-€602,454
Equity
€48.4m
2024 · €49.1m-€697,696
Cash
€728,198
2024 · €826,948-€98,750
Balance sheet total
€50.0m
2024 · €50.0m+€9,420
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€697,696
down €697,696 (-529%), from -€132,000 to -€829,696
- Other debts +€534,185
up €534,185 (+71.4%), from €748,177 to €1.3m
Income statement
- Financial charges +€475,815
up €475,815 (+662%), from €71,890 to €547,704
of which Non-recurring financial charges: +€500,000
- Gross operating margin +€249,188
up €249,188 (+1,323%), from €18,832 to €268,020
- Write-downs +€207,826
new in 2025: €207,826
- Staff costs +€159,737
up €159,737 (+1,298%), from €12,302 to €172,039
- Depreciation +€46,435
up €46,435 (+129%), from €35,898 to €82,332
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.
Result 2024
-€95,242
Gross operating margin
+€249,188
Staff costs
-€159,737
Depreciation
-€46,435
Write-downs
-€207,826
Other operating charges
+€437
Financial income
+€38,328
Financial charges
-€475,815
Taxes
-€595
Result 2025
-€697,696
raises the resultlowers the result
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.
From operations
-€608,823
Investment
+€345,922
Financing
+€164,152
Cash 2024
€826,948
From operations (derived)
-€608,823
Net result for the year
-€697,696
Depreciation
+€82,332
Receivables within one year
-€492,932
Deferred charges and accrued income
-€43,492
Trade debts
-€709
Tax, wage and social debts
+€12,601
Other debts
+€534,185
Accrued charges and deferred income
-€3,113
Investment (derived)
+€345,922
Investment in fixed assets (net)
+€345,922
Financing
+€164,152
Debts after one year
+€134,922
Current portion of long-term debt
+€29,230
Cash 2025
€728,198
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,957,638 | €49,967,058 | +€9,420 | 0.0% |
| Fixed assets | 21/28 | €47,977,060 | €47,548,806 | -€428,254 | -0.9% |
| Tangible fixed assets | 22/27 | €178,060 | €244,806 | +€66,746 | +37.5% |
| Plant, machinery and equipment | 23 | - | €1,633 | +€1,633 | |
| Furniture and vehicles | 24 | €156,432 | €223,455 | +€67,023 | +42.8% |
| Other tangible fixed assets | 26 | €21,628 | €19,719 | -€1,910 | -8.8% |
| Financial fixed assets | 28 | €47,799,000 | €47,304,000 | -€495,000 | -1.0% |
| Current assets | 29/58 | €1,980,578 | €2,418,252 | +€437,674 | +22.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,142,663 | €1,635,595 | +€492,932 | +43.1% |
| Trade receivables | 40 | €20,691 | €205,390 | +€184,699 | +893% |
| Other amounts receivable | 41 | €1,121,972 | €1,430,205 | +€308,232 | +27.5% |
| Cash at bank and in hand | 54/58 | €826,948 | €728,198 | -€98,750 | -11.9% |
| Deferred charges and accrued income | 490/1 | €10,967 | €54,459 | +€43,492 | +397% |
| Total equity and liabilities | 10/49 | €49,957,638 | €49,967,058 | +€9,420 | 0.0% |
| Equity | 10/15 | €49,137,310 | €48,439,614 | -€697,696 | -1.4% |
| Contributions | 10/11 | €49,119,000 | €49,119,000 | = | 0.0% |
| Reserves | 13 | €150,310 | €150,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,656 | €2,656 | = | 0.0% |
| Distributable reserves | 133 | €147,654 | €147,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,000 | -€829,696 | -€697,696 | -529% |
| Amounts payable | 17/49 | €820,328 | €1,527,444 | +€707,116 | +86.2% |
| Amounts payable after more than one year | 17 | €0 | €134,922 | +€134,922 | |
| Financial debts | 170/4 | €0 | €134,922 | +€134,922 | |
| Amounts payable within one year | 42/48 | €774,950 | €1,350,257 | +€575,307 | +74.2% |
| Current portion of amounts payable after more than one year | 42 | €11,909 | €41,139 | +€29,230 | +245% |
| Trade debts | 44 | €6,951 | €6,242 | -€709 | -10.2% |
| Suppliers | 440/4 | €6,951 | €6,242 | -€709 | -10.2% |
| Taxes, remuneration and social security | 45 | €7,913 | €20,514 | +€12,601 | +159% |
| Taxes | 450/3 | €441 | €477 | +€36 | +8.1% |
| Remuneration and social security | 454/9 | €7,472 | €20,038 | +€12,566 | +168% |
| Other amounts payable | 47/48 | €748,177 | €1,282,362 | +€534,185 | +71.4% |
| Accrued charges and deferred income | 492/3 | €45,378 | €42,265 | -€3,113 | -6.9% |
| Remuneration, social security and pensions | 62 | €12,302 | €172,039 | +€159,737 | +1,298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,898 | €82,332 | +€46,435 | +129% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €207,826 | +€207,826 | |
| Other operating charges | 640/8 | €1,189 | €752 | -€437 | -36.8% |
| Gross operating margin | 9900 | €18,832 | €268,020 | +€249,188 | +1,323% |
| Operating profit (loss) | 9901 | -€30,557 | -€194,929 | -€164,372 | -538% |
| Financial income | 75/76B | €7,646 | €45,973 | +€38,328 | +501% |
| Recurring financial income | 75 | €7,646 | €45,973 | +€38,328 | +501% |
| Financial charges | 65/66B | €71,890 | €547,704 | +€475,815 | +662% |
| Recurring financial charges | 65 | €71,890 | €47,704 | -€24,185 | -33.6% |
| Non-recurring financial charges | 66B | - | €500,000 | +€500,000 | |
| Profit (loss) for the period before taxes | 9903 | -€94,801 | -€696,660 | -€601,859 | -635% |
| Income taxes | 67/77 | €441 | €1,036 | +€595 | +135% |
| Profit (loss) for the period | 9904 | -€95,242 | -€697,696 | -€602,454 | -633% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,242 | -€697,696 | -€602,454 | -633% |
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 25 October 2026 via checked.be.