Réal: 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.
Réal
Largest movements
- Receivables within one year +€6,951
up €6,951 (+102.3%), from €6,792 to €13,743
of which Trade receivables: +€6,707
- Tangible fixed assets -€2,299
down €2,299 (-19.5%), from €11,788 to €9,489
- Cash -€2,263
down €2,263 (-9.0%), from €25,219 to €22,957
mainly Receivables within one year (-€6,951) and Trade debts (-€4,517)
- Stocks and contracts +€1,697
up €1,697 (+8.0%), from €21,308 to €23,006
- Reserves +€5,000
up €5,000 (+10.8%), from €46,484 to €51,484
- Trade debts -€4,517
down €4,517 (-91.7%), from €4,927 to €409
- Tax, wage and social debts +€1,750
up €1,750 (+22.3%), from €7,846 to €9,597
- Profit (loss) carried forward +€940
up €940 (+21.5%), from €4,369 to €5,309
- Gross operating margin -€39,798
down €39,798 (-71.0%), from €56,046 to €16,248
- Taxes -€16,675
down €16,675 (-83.7%), from €19,924 to €3,249
- Depreciation +€1,806
up €1,806 (+45.7%), from €3,956 to €5,762
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 | €69,826 | €72,999 | +€3,173 | +4.5% |
| Fixed assets | 21/28 | €15,823 | €13,144 | -€2,679 | -16.9% |
| Intangible fixed assets | 21 | €3,399 | €2,869 | -€530 | -15.6% |
| Tangible fixed assets | 22/27 | €11,788 | €9,489 | -€2,299 | -19.5% |
| Plant, machinery and equipment | 23 | €3,721 | €3,482 | -€240 | -6.4% |
| Furniture and vehicles | 24 | €2,600 | €1,576 | -€1,024 | -39.4% |
| Other tangible fixed assets | 26 | €5,467 | €4,432 | -€1,035 | -18.9% |
| Financial fixed assets | 28 | €636 | €786 | +€150 | +23.6% |
| Current assets | 29/58 | €54,003 | €59,855 | +€5,852 | +10.8% |
| Stocks and contracts in progress | 3 | €21,308 | €23,006 | +€1,697 | +8.0% |
| Stocks | 30/36 | €21,308 | €23,006 | +€1,697 | +8.0% |
| Amounts receivable within one year | 40/41 | €6,792 | €13,743 | +€6,951 | +102.3% |
| Trade receivables | 40 | €3,927 | €10,634 | +€6,707 | +170.8% |
| Other amounts receivable | 41 | €2,865 | €3,109 | +€244 | +8.5% |
| Cash at bank and in hand | 54/58 | €25,219 | €22,957 | -€2,263 | -9.0% |
| Deferred charges and accrued income | 490/1 | €684 | €150 | -€534 | -78.1% |
| Total equity and liabilities | 10/49 | €69,826 | €72,999 | +€3,173 | +4.5% |
| Equity | 10/15 | €57,053 | €62,993 | +€5,940 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,484 | €51,484 | +€5,000 | +10.8% |
| Distributable reserves | 133 | €46,484 | €51,484 | +€5,000 | +10.8% |
| Profit (loss) carried forward | 14 | €4,369 | €5,309 | +€940 | +21.5% |
| Amounts payable | 17/49 | €12,773 | €10,006 | -€2,767 | -21.7% |
| Amounts payable within one year | 42/48 | €12,773 | €10,006 | -€2,767 | -21.7% |
| Trade debts | 44 | €4,927 | €409 | -€4,517 | -91.7% |
| Suppliers | 440/4 | €4,927 | €409 | -€4,517 | -91.7% |
| Taxes, remuneration and social security | 45 | €7,846 | €9,597 | +€1,750 | +22.3% |
| Taxes | 450/3 | €7,846 | €9,597 | +€1,750 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,956 | €5,762 | +€1,806 | +45.7% |
| Other operating charges | 640/8 | €1,477 | €1,071 | -€406 | -27.5% |
| Gross operating margin | 9900 | €56,046 | €16,248 | -€39,798 | -71.0% |
| Operating profit (loss) | 9901 | €50,614 | €9,415 | -€41,199 | -81.4% |
| Financial income | 75/76B | €18 | €74 | +€56 | +312.9% |
| Recurring financial income | 75 | €18 | €74 | +€56 | +312.9% |
| Financial charges | 65/66B | €151 | €300 | +€149 | +99.0% |
| Recurring financial charges | 65 | €151 | €300 | +€149 | +99.0% |
| Profit (loss) for the period before taxes | 9903 | €50,481 | €9,189 | -€41,292 | -81.8% |
| Income taxes | 67/77 | €19,924 | €3,249 | -€16,675 | -83.7% |
| Profit (loss) for the period | 9904 | €30,557 | €5,940 | -€24,617 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,557 | €5,940 | -€24,617 | -80.6% |
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.