REA: 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.
REA
Largest movements
- Cash +€82,158
up €82,158 (+230.4%), from €35,666 to €117,824
mainly Receivables within one year (+€61,035) and Net result for the year (+€16,659)
- Receivables within one year -€61,035
down €61,035 (-91.2%), from €66,935 to €5,900
of which Other amounts receivable: -€56,294
- Deferred charges and accrued income -€3,226
down €3,226 (-87.0%), from €3,706 to €481
- Tangible fixed assets -€1,817
down €1,817 (-4.8%), from €38,191 to €36,374
of which Plant, machinery and equipment: -€1,998
- Reserves +€16,659
up €16,659 (+14.3%), from €116,294 to €132,952
of which Distributable reserves: +€16,659
- Trade debts -€5,299
down €5,299 (-79.3%), from €6,685 to €1,386
- Other debts +€4,145
new in 2025: €4,145
- Tax, wage and social debts +€2,627
up €2,627 (+427.3%), from €615 to €3,242
of which Remuneration and social security: +€2,561
- Accrued charges and deferred income -€2,051
down €2,051 (-86.8%), from €2,363 to €312
- Gross operating margin -€3,150
down €3,150 (-8.2%), from €38,476 to €35,326
- Financial charges -€547
down €547 (-47.5%), from €1,151 to €604
- Taxes -€534
down €534 (-7.3%), from €7,285 to €6,752
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 | €144,549 | €160,629 | +€16,080 | +11.1% |
| Fixed assets | 21/28 | €38,241 | €36,424 | -€1,817 | -4.8% |
| Tangible fixed assets | 22/27 | €38,191 | €36,374 | -€1,817 | -4.8% |
| Plant, machinery and equipment | 23 | €6,132 | €4,135 | -€1,998 | -32.6% |
| Furniture and vehicles | 24 | €32,059 | €32,239 | +€181 | +0.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €106,308 | €124,205 | +€17,898 | +16.8% |
| Amounts receivable within one year | 40/41 | €66,935 | €5,900 | -€61,035 | -91.2% |
| Trade receivables | 40 | €4,741 | - | -€4,741 | |
| Other amounts receivable | 41 | €62,194 | €5,900 | -€56,294 | -90.5% |
| Cash at bank and in hand | 54/58 | €35,666 | €117,824 | +€82,158 | +230.4% |
| Deferred charges and accrued income | 490/1 | €3,706 | €481 | -€3,226 | -87.0% |
| Total equity and liabilities | 10/49 | €144,549 | €160,629 | +€16,080 | +11.1% |
| Equity | 10/15 | €134,886 | €151,544 | +€16,659 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €116,294 | €132,952 | +€16,659 | +14.3% |
| Tax-exempt reserves | 132 | €19,804 | €19,804 | = | 0.0% |
| Distributable reserves | 133 | €96,490 | €113,149 | +€16,659 | +17.3% |
| Amounts payable | 17/49 | €9,663 | €9,085 | -€578 | -6.0% |
| Amounts payable within one year | 42/48 | €7,300 | €8,772 | +€1,473 | +20.2% |
| Trade debts | 44 | €6,685 | €1,386 | -€5,299 | -79.3% |
| Suppliers | 440/4 | €6,685 | €1,386 | -€5,299 | -79.3% |
| Taxes, remuneration and social security | 45 | €615 | €3,242 | +€2,627 | +427.3% |
| Taxes | 450/3 | €615 | €681 | +€66 | +10.7% |
| Remuneration and social security | 454/9 | - | €2,561 | +€2,561 | |
| Other amounts payable | 47/48 | - | €4,145 | +€4,145 | |
| Accrued charges and deferred income | 492/3 | €2,363 | €312 | -€2,051 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,808 | €10,018 | +€210 | +2.1% |
| Other operating charges | 640/8 | €1,198 | €1,294 | +€96 | +8.0% |
| Gross operating margin | 9900 | €38,476 | €35,326 | -€3,150 | -8.2% |
| Operating profit (loss) | 9901 | €27,471 | €24,014 | -€3,456 | -12.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,151 | €604 | -€547 | -47.5% |
| Recurring financial charges | 65 | €1,151 | €604 | -€547 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €26,320 | €23,410 | -€2,910 | -11.1% |
| Income taxes | 67/77 | €7,285 | €6,752 | -€534 | -7.3% |
| Profit (loss) for the period | 9904 | €19,035 | €16,659 | -€2,376 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,035 | €16,659 | -€2,376 | -12.5% |
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 8 October 2026 via checked.be.