REAL GOOD: what changed
Two financial 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.
REAL GOOD
Largest movements
- Stocks and contracts +€588,765
up €588,765 (+128%), from €460,184 to €1.0m
- Cash -€85,715
down €85,715 (-93.6%), from €91,562 to €5,847
mainly Stocks and contracts (-€588,765) and Net result for the year (-€11,657)
- Short-term financial debts +€422,459
up €422,459 (+150%), from €281,000 to €703,459
- Other debts +€85,891
up €85,891 (+122%), from €70,407 to €156,298
- Trade debts +€12,150
up €12,150 (+892%), from €1,361 to €13,511
- Profit (loss) carried forward -€11,657
down €11,657 (-19.8%), from €58,833 to €47,177
- Gross operating margin -€111,564
down €111,564 (-93.8%), from €118,931 to €7,368
- Taxes -€20,874
no longer reported in 2025 (was €20,874)
- Financial charges -€18,869
down €18,869 (-53.7%), from €35,158 to €16,289
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.
Derived cash bridge
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 | €558,868 | €1,069,007 | +€510,138 | +91.3% |
| Fixed assets | 21/28 | €7,122 | €9,682 | +€2,559 | +35.9% |
| Tangible fixed assets | 22/27 | €7,122 | €5,182 | -€1,941 | -27.2% |
| Furniture and vehicles | 24 | €7,122 | €5,182 | -€1,941 | -27.2% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €551,746 | €1,059,325 | +€507,579 | +92.0% |
| Stocks and contracts in progress | 3 | €460,184 | €1,048,949 | +€588,765 | +128% |
| Stocks | 30/36 | €460,184 | €1,048,949 | +€588,765 | +128% |
| Amounts receivable within one year | 40/41 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €91,562 | €5,847 | -€85,715 | -93.6% |
| Deferred charges and accrued income | 490/1 | - | €528 | +€528 | |
| Total equity and liabilities | 10/49 | €558,868 | €1,069,007 | +€510,138 | +91.3% |
| Equity | 10/15 | €201,210 | €189,553 | -€11,657 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,776 | €123,776 | = | 0.0% |
| Distributable reserves | 133 | €123,776 | €123,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,833 | €47,177 | -€11,657 | -19.8% |
| Amounts payable | 17/49 | €357,659 | €879,454 | +€521,795 | +146% |
| Amounts payable within one year | 42/48 | €353,642 | €874,143 | +€520,500 | +147% |
| Financial debts | 43 | €281,000 | €703,459 | +€422,459 | +150% |
| Credit institutions | 430/8 | €281,000 | €703,459 | +€422,459 | +150% |
| Trade debts | 44 | €1,361 | €13,511 | +€12,150 | +892% |
| Suppliers | 440/4 | €1,361 | €13,511 | +€12,150 | +892% |
| Taxes, remuneration and social security | 45 | €874 | €874 | = | 0.0% |
| Taxes | 450/3 | €874 | €874 | = | 0.0% |
| Other amounts payable | 47/48 | €70,407 | €156,298 | +€85,891 | +122% |
| Accrued charges and deferred income | 492/3 | €4,016 | €5,311 | +€1,295 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,846 | €1,941 | +€95 | +5.1% |
| Other operating charges | 640/8 | €553 | €795 | +€241 | +43.6% |
| Gross operating margin | 9900 | €118,931 | €7,368 | -€111,564 | -93.8% |
| Operating profit (loss) | 9901 | €116,532 | €4,633 | -€111,899 | -96.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €35,158 | €16,289 | -€18,869 | -53.7% |
| Recurring financial charges | 65 | €35,158 | €16,289 | -€18,869 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €81,374 | -€11,657 | -€93,030 | |
| Income taxes | 67/77 | €20,874 | - | -€20,874 | |
| Profit (loss) for the period | 9904 | €60,499 | -€11,657 | -€72,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,499 | -€11,657 | -€72,156 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.