REA CL: 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 CL
Largest movements
- Receivables after one year -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Cash +€82,361
up €82,361 (+18.4%), from €447,239 to €529,600
mainly Receivables after one year (+€150,000) and Net result for the year (+€129,025)
- Current investments -€11,598
down €11,598 (-4.8%), from €241,067 to €229,469
- Tangible fixed assets -€10,674
down €10,674 (-46.1%), from €23,155 to €12,481
of which Furniture and vehicles: -€8,040
- Other debts -€187,986
down €187,986 (-43.9%), from €428,492 to €240,506
- Profit (loss) carried forward +€129,025
new in 2025: €129,025
- Tax, wage and social debts -€14,500
down €14,500 (-49.4%), from €29,378 to €14,877
- Taxes -€5,669
down €5,669 (-11.0%), from €51,487 to €45,818
- Financial charges -€5,381
down €5,381 (-25.5%), from €21,141 to €15,760
- Gross operating margin -€3,535
down €3,535 (-1.8%), from €192,909 to €189,374
- Financial income +€3,409
up €3,409 (+37.4%), from €9,105 to €12,513
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 | €1,014,534 | €927,118 | -€87,416 | -8.6% |
| Fixed assets | 21/28 | €23,155 | €12,481 | -€10,674 | -46.1% |
| Tangible fixed assets | 22/27 | €23,155 | €12,481 | -€10,674 | -46.1% |
| Furniture and vehicles | 24 | €8,463 | €423 | -€8,040 | -95.0% |
| Other tangible fixed assets | 26 | €14,692 | €12,058 | -€2,634 | -17.9% |
| Current assets | 29/58 | €991,378 | €914,637 | -€76,742 | -7.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Other amounts receivable | 291 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,926 | €3,802 | +€1,876 | +97.4% |
| Other amounts receivable | 41 | €1,926 | €3,802 | +€1,876 | +97.4% |
| Current investments | 50/53 | €241,067 | €229,469 | -€11,598 | -4.8% |
| Cash at bank and in hand | 54/58 | €447,239 | €529,600 | +€82,361 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,765 | +€619 | +54.0% |
| Total equity and liabilities | 10/49 | €1,014,534 | €927,118 | -€87,416 | -8.6% |
| Equity | 10/15 | €524,124 | €643,848 | +€119,725 | +22.8% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Outside capital | 11 | €93,000 | - | -€93,000 | |
| Other | 1109/19 | €93,000 | - | -€93,000 | |
| Reserves | 13 | €431,124 | €421,824 | -€9,300 | -2.2% |
| Non-distributable reserves | 130/1 | €9,300 | - | -€9,300 | |
| Legal reserve | 130 | €9,300 | - | -€9,300 | |
| Tax-exempt reserves | 132 | €15,370 | €15,370 | = | 0.0% |
| Distributable reserves | 133 | €406,454 | €406,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €129,025 | +€129,025 | |
| Provisions and deferred taxes | 16 | €11,550 | €11,550 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,550 | €11,550 | = | 0.0% |
| Pensions and similar obligations | 160 | €11,550 | €11,550 | = | 0.0% |
| Amounts payable | 17/49 | €478,860 | €271,720 | -€207,140 | -43.3% |
| Amounts payable within one year | 42/48 | €458,031 | €256,728 | -€201,303 | -43.9% |
| Trade debts | 44 | €162 | €1,345 | +€1,183 | +732.2% |
| Suppliers | 440/4 | €162 | €1,345 | +€1,183 | +732.2% |
| Taxes, remuneration and social security | 45 | €29,378 | €14,877 | -€14,500 | -49.4% |
| Taxes | 450/3 | €29,378 | €14,877 | -€14,500 | -49.4% |
| Other amounts payable | 47/48 | €428,492 | €240,506 | -€187,986 | -43.9% |
| Accrued charges and deferred income | 492/3 | €20,829 | €14,991 | -€5,837 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,697 | €10,674 | -€23 | -0.2% |
| Other operating charges | 640/8 | €63 | €610 | +€547 | +867.0% |
| Gross operating margin | 9900 | €192,909 | €189,374 | -€3,535 | -1.8% |
| Operating profit (loss) | 9901 | €182,148 | €178,090 | -€4,059 | -2.2% |
| Financial income | 75/76B | €9,105 | €12,513 | +€3,409 | +37.4% |
| Recurring financial income | 75 | €9,105 | €12,513 | +€3,409 | +37.4% |
| Financial charges | 65/66B | €21,141 | €15,760 | -€5,381 | -25.5% |
| Recurring financial charges | 65 | €21,141 | €15,760 | -€5,381 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €170,112 | €174,842 | +€4,730 | +2.8% |
| Income taxes | 67/77 | €51,487 | €45,818 | -€5,669 | -11.0% |
| Profit (loss) for the period | 9904 | €118,625 | €129,025 | +€10,400 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,625 | €129,025 | +€10,400 | +8.8% |
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 2 October 2026 via checked.be.