RE-VIVE: 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.
What changed
RE-VIVE
NACE 68.122, Development of non-residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €1.8m-€3.1m
Equity
€227,788
2024 · €3.5m-€3.2m
Cash
€475,312
2024 · €615,559-€140,247
Balance sheet total
€8.6m
2024 · €8.5m+€71,777
Largest movements
Assets
- Financial fixed assets +€1.7m
up €1.7m (+33.7%), from €5.2m to €6.9m
of which Affiliated companies: +€1.7m
- Receivables within one year -€1.0m
down €1.0m (-48.7%), from €2.1m to €1.1m
of which Trade receivables: -€1.0m
- Receivables after one year -€236,407
down €236,407 (-100.0%), from €236,407 to €0
- Cash -€140,247
down €140,247 (-22.8%), from €615,559 to €475,312
mainly Contributions, distributions and other (-€2.0m) and Investment in fixed assets (net) (-€1.7m)
- Current investments -€130,993
down €130,993 (-100.0%), from €130,993 to €0
Equity and liabilities
- Reserves -€3.2m
down €3.2m (-99.2%), from €3.3m to €26,326
of which Distributable reserves: -€3.2m
- Other debts +€3.1m
up €3.1m (+8841.2%), from €35,112 to €3.1m
- Debts after one year +€1.1m
up €1.1m (+47.4%), from €2.3m to €3.4m
- Trade debts -€1.1m
down €1.1m (-51.7%), from €2.1m to €1.0m
- Short-term financial debts +€175,000
up €175,000 (+53.8%), from €325,000 to €500,000
Income statement
- Financial income -€2.4m
down €2.4m (-95.6%), from €2.5m to €109,176
of which Financial income: -€2.4m
- Turnover -€1.3m
down €1.3m (-21.1%), from €6.3m to €5.0m
- Services and other goods -€694,393
down €694,393 (-14.1%), from €4.9m to €4.2m
- Financial charges -€125,968
down €125,968 (-40.8%), from €308,991 to €183,022
of which Financial charges: -€149,066
- Staff costs -€108,405
down €108,405 (-4.5%), from €2.4m to €2.3m
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
€1.8m
Turnover
-€1.3m
Other operating income
-€70,953
Services and other goods
+€694,393
Staff costs
+€108,405
Depreciation
+€27,553
Other operating charges
-€1,435
Other operating items
-€237,861
Financial income
-€2.4m
Financial charges
+€125,968
Taxes
+€325
Result 2025
-€1.2m
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.
From operations
+€2.2m
Investment
-€1.6m
Financing
-€733,035
Cash 2024
€615,559
From operations (derived)
+€2.2m
Net result for the year
-€1.2m
Depreciation
+€38,714
Receivables after one year
+€236,407
Receivables within one year
+€1.0m
Deferred charges and accrued income
+€90,109
Trade debts
-€1.1m
Tax, wage and social debts
+€32,266
Other debts
+€3.1m
Accrued charges and deferred income
-€28,809
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.7m
Current investments
+€130,993
Financing
-€733,035
Debts after one year
+€1.1m
Short-term financial debts
+€175,000
Contributions, distributions and other
-€2.0m
Cash 2025
€475,312
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,519,175 | €8,590,952 | +€71,777 | +0.8% |
| Fixed assets | 21/28 | €5,319,628 | €7,008,173 | +€1.7m | +31.7% |
| Intangible fixed assets | 21 | €38,910 | €25,101 | -€13,809 | -35.5% |
| Tangible fixed assets | 22/27 | €119,803 | €80,911 | -€38,891 | -32.5% |
| Plant, machinery and equipment | 23 | €16,031 | €6,971 | -€9,060 | -56.5% |
| Furniture and vehicles | 24 | €95,772 | €65,941 | -€29,831 | -31.1% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,160,915 | €6,902,161 | +€1.7m | +33.7% |
| Affiliated companies | 280/1 | €4,440,445 | €6,106,412 | +€1.7m | +37.5% |
| Participating interests | 280 | €3,823,125 | €3,870,267 | +€47,142 | +1.2% |
| Amounts receivable | 281 | €617,320 | €2,236,145 | +€1.6m | +262.2% |
| Companies linked by participating interests | 282/3 | €321,515 | €364,224 | +€42,709 | +13.3% |
| Participating interests | 282 | €250,681 | €253,390 | +€2,709 | +1.1% |
| Amounts receivable | 283 | €70,834 | €110,834 | +€40,000 | +56.5% |
| Other financial fixed assets | 284/8 | €398,955 | €431,525 | +€32,570 | +8.2% |
| Shares | 284 | €382,820 | €416,390 | +€33,570 | +8.8% |
| Amounts receivable and cash guarantees | 285/8 | €16,135 | €15,135 | -€1,000 | -6.2% |
| Current assets | 29/58 | €3,199,547 | €1,582,779 | -€1.6m | -50.5% |
| Amounts receivable after more than one year | 29 | €236,407 | €0 | -€236,407 | -100.0% |
| Other amounts receivable | 291 | €236,407 | €0 | -€236,407 | -100.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,093,579 | €1,074,566 | -€1.0m | -48.7% |
| Trade receivables | 40 | €1,994,552 | €954,072 | -€1.0m | -52.2% |
| Other amounts receivable | 41 | €99,026 | €120,494 | +€21,467 | +21.7% |
| Current investments | 50/53 | €130,993 | €0 | -€130,993 | -100.0% |
| Other investments | 51/53 | €130,993 | €0 | -€130,993 | -100.0% |
| Cash at bank and in hand | 54/58 | €615,559 | €475,312 | -€140,247 | -22.8% |
| Deferred charges and accrued income | 490/1 | €123,010 | €32,901 | -€90,109 | -73.3% |
| Total equity and liabilities | 10/49 | €8,519,175 | €8,590,952 | +€71,777 | +0.8% |
| Equity | 10/15 | €3,457,979 | €227,788 | -€3.2m | -93.4% |
| Contributions | 10/11 | €201,000 | €201,000 | = | 0.0% |
| Capital | 10 | €201,000 | €201,000 | = | 0.0% |
| Issued capital | 100 | €201,000 | €201,000 | = | 0.0% |
| Reserves | 13 | €3,256,526 | €26,326 | -€3.2m | -99.2% |
| Non-distributable reserves | 130/1 | €20,100 | €20,100 | = | 0.0% |
| Legal reserve | 130 | €20,100 | €20,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,926 | €1,926 | = | 0.0% |
| Distributable reserves | 133 | €3,234,500 | €4,300 | -€3.2m | -99.9% |
| Profit (loss) carried forward | 14 | €452 | €461 | +€9 | +2.0% |
| Amounts payable | 17/49 | €5,061,196 | €8,363,164 | +€3.3m | +65.2% |
| Amounts payable after more than one year | 17 | €2,301,496 | €3,393,461 | +€1.1m | +47.4% |
| Financial debts | 170/4 | €2,301,496 | €3,393,461 | +€1.1m | +47.4% |
| Subordinated loans | 170 | €2,301,496 | €3,393,461 | +€1.1m | +47.4% |
| Amounts payable within one year | 42/48 | €2,728,741 | €4,967,553 | +€2.2m | +82.0% |
| Financial debts | 43 | €325,000 | €500,000 | +€175,000 | +53.8% |
| Credit institutions | 430/8 | €325,000 | €500,000 | +€175,000 | +53.8% |
| Trade debts | 44 | €2,076,539 | €1,003,759 | -€1.1m | -51.7% |
| Suppliers | 440/4 | €2,076,539 | €1,003,759 | -€1.1m | -51.7% |
| Taxes, remuneration and social security | 45 | €292,090 | €324,356 | +€32,266 | +11.0% |
| Taxes | 450/3 | €91,325 | €62,130 | -€29,195 | -32.0% |
| Remuneration and social security | 454/9 | €200,765 | €262,226 | +€61,461 | +30.6% |
| Other amounts payable | 47/48 | €35,112 | €3,139,438 | +€3.1m | +8841.2% |
| Accrued charges and deferred income | 492/3 | €30,959 | €2,150 | -€28,809 | -93.1% |
| Operating income | 70/76A | €7,062,795 | €5,426,397 | -€1.6m | -23.2% |
| Turnover | 70 | €6,327,388 | €4,995,411 | -€1.3m | -21.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €0 | - | = | |
| Other operating income | 74 | €354,594 | €283,641 | -€70,953 | -20.0% |
| Non-recurring operating income | 76A | €380,813 | €147,345 | -€233,469 | -61.3% |
| Operating charges | 60/66A | €7,405,047 | €6,580,523 | -€824,525 | -11.1% |
| Services and other goods | 61 | €4,920,179 | €4,225,786 | -€694,393 | -14.1% |
| Remuneration, social security and pensions | 62 | €2,417,131 | €2,308,726 | -€108,405 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,268 | €38,714 | -€27,553 | -41.6% |
| Other operating charges | 640/8 | €1,065 | €2,500 | +€1,435 | +134.7% |
| Non-recurring operating charges | 66A | €404 | €4,796 | +€4,392 | +1088.3% |
| Operating profit (loss) | 9901 | -€342,252 | -€1,154,125 | -€811,874 | -237.2% |
| Financial income | 75/76B | €2,482,798 | €109,176 | -€2.4m | -95.6% |
| Recurring financial income | 75 | €2,482,798 | €106,405 | -€2.4m | -95.7% |
| Income from financial fixed assets | 750 | €2,338,952 | €31,923 | -€2.3m | -98.6% |
| Income from current assets | 751 | €143,846 | €74,481 | -€69,364 | -48.2% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €0 | €2,771 | +€2,771 | |
| Financial charges | 65/66B | €308,991 | €183,022 | -€125,968 | -40.8% |
| Recurring financial charges | 65 | €308,991 | €159,925 | -€149,066 | -48.2% |
| Debt charges | 650 | €245,533 | €158,951 | -€86,582 | -35.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €62,334 | -€62,334 | -€124,668 | |
| Other financial charges | 652/9 | €1,124 | €63,307 | +€62,183 | +5532.2% |
| Non-recurring financial charges | 66B | €0 | €23,098 | +€23,098 | |
| Profit (loss) for the period before taxes | 9903 | €1,831,555 | -€1,227,972 | -€3.1m | |
| Income taxes | 67/77 | €2,544 | €2,219 | -€325 | -12.8% |
| Taxes | 670/3 | €2,544 | €2,220 | -€324 | -12.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €2 | +€2 | +1620.0% |
| Profit (loss) for the period | 9904 | €1,829,011 | -€1,230,191 | -€3.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,829,011 | -€1,230,191 | -€3.1m |
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 7 October 2026 via checked.be.