Re-Va: what changed
Two fiscal 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-Va
Largest movements
- Cash +€18,158
up €18,158 (+32.5%), from €55,954 to €74,112
mainly Net result for the year (+€24,675) and Depreciation (+€306)
- Receivables within one year +€3,502
up €3,502 (+51.2%), from €6,839 to €10,341
of which Trade receivables: +€3,539
- Reserves +€24,675
up €24,675 (+44.3%), from €55,673 to €80,348
- Trade debts -€1,584
down €1,584 (-67.1%), from €2,360 to €776
- Tax, wage and social debts -€1,568
down €1,568 (-38.9%), from €4,035 to €2,467
- Gross operating margin +€16,364
up €16,364 (+63.8%), from €25,663 to €42,027
- Taxes +€6,499
up €6,499 (+65.0%), from €10,000 to €16,499
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 | €64,237 | €85,592 | +€21,355 | +33.2% |
| Fixed assets | 21/28 | €1,444 | €1,138 | -€306 | -21.2% |
| Tangible fixed assets | 22/27 | €1,444 | €1,138 | -€306 | -21.2% |
| Furniture and vehicles | 24 | €1,444 | €1,138 | -€306 | -21.2% |
| Current assets | 29/58 | €62,793 | €84,454 | +€21,661 | +34.5% |
| Amounts receivable within one year | 40/41 | €6,839 | €10,341 | +€3,502 | +51.2% |
| Trade receivables | 40 | €5,701 | €9,240 | +€3,539 | +62.1% |
| Other amounts receivable | 41 | €1,138 | €1,101 | -€36 | -3.2% |
| Cash at bank and in hand | 54/58 | €55,954 | €74,112 | +€18,158 | +32.5% |
| Total equity and liabilities | 10/49 | €64,237 | €85,592 | +€21,355 | +33.2% |
| Equity | 10/15 | €57,673 | €82,348 | +€24,675 | +42.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,673 | €80,348 | +€24,675 | +44.3% |
| Distributable reserves | 133 | €55,673 | €80,348 | +€24,675 | +44.3% |
| Amounts payable | 17/49 | €6,564 | €3,244 | -€3,320 | -50.6% |
| Amounts payable within one year | 42/48 | €6,396 | €3,244 | -€3,152 | -49.3% |
| Trade debts | 44 | €2,360 | €776 | -€1,584 | -67.1% |
| Suppliers | 440/4 | €2,360 | €776 | -€1,584 | -67.1% |
| Taxes, remuneration and social security | 45 | €4,035 | €2,467 | -€1,568 | -38.9% |
| Taxes | 450/3 | €4,035 | €2,467 | -€1,568 | -38.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €168 | €0 | -€168 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €306 | +€221 | +258.8% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €25,663 | €42,027 | +€16,364 | +63.8% |
| Operating profit (loss) | 9901 | €25,578 | €41,321 | +€15,744 | +61.6% |
| Financial income | 75/76B | €32 | €63 | +€31 | +95.5% |
| Recurring financial income | 75 | €32 | €63 | +€31 | +95.5% |
| Financial charges | 65/66B | €291 | €211 | -€80 | -27.5% |
| Recurring financial charges | 65 | €291 | €211 | -€80 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €25,320 | €41,174 | +€15,854 | +62.6% |
| Income taxes | 67/77 | €10,000 | €16,499 | +€6,499 | +65.0% |
| Profit (loss) for the period | 9904 | €15,320 | €24,675 | +€9,355 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,320 | €24,675 | +€9,355 | +61.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.