REAL I'S: 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 I'S
Largest movements
- Cash +€60,578
up €60,578 (+93.2%), from €64,995 to €125,573
mainly Net result for the year (+€65,006) and Tax, wage and social debts (+€17,485)
- Receivables after one year +€7,849
new in 2025: €7,849
- Tangible fixed assets +€5,579
up €5,579 (+1,249%), from €447 to €6,026
- Profit (loss) carried forward +€65,006
up €65,006 (+144%), from €45,032 to €110,038
- Tax, wage and social debts +€17,485
up €17,485 (+85.0%), from €20,572 to €38,056
- Other debts -€12,619
down €12,619 (-90.2%), from €13,994 to €1,375
- Trade debts +€3,549
new in 2025: €3,549
- Gross operating margin +€28,026
up €28,026 (+49.3%), from €56,891 to €84,917
- Taxes +€6,253
up €6,253 (+53.2%), from €11,755 to €18,008
- Depreciation +€1,337
up €1,337 (+1,843%), from €73 to €1,409
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 | €82,597 | €156,019 | +€73,421 | +88.9% |
| Fixed assets | 21/28 | €447 | €6,026 | +€5,579 | +1,249% |
| Tangible fixed assets | 22/27 | €447 | €6,026 | +€5,579 | +1,249% |
| Furniture and vehicles | 24 | €447 | €6,026 | +€5,579 | +1,249% |
| Current assets | 29/58 | €82,151 | €149,993 | +€67,842 | +82.6% |
| Amounts receivable after more than one year | 29 | - | €7,849 | +€7,849 | |
| Other amounts receivable | 291 | - | €7,849 | +€7,849 | |
| Amounts receivable within one year | 40/41 | €17,156 | €16,571 | -€585 | -3.4% |
| Trade receivables | 40 | €15,004 | €16,571 | +€1,567 | +10.4% |
| Other amounts receivable | 41 | €2,152 | - | -€2,152 | |
| Cash at bank and in hand | 54/58 | €64,995 | €125,573 | +€60,578 | +93.2% |
| Total equity and liabilities | 10/49 | €82,597 | €156,019 | +€73,421 | +88.9% |
| Equity | 10/15 | €48,032 | €113,038 | +€65,006 | +135% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,032 | €110,038 | +€65,006 | +144% |
| Amounts payable | 17/49 | €34,565 | €42,981 | +€8,416 | +24.3% |
| Amounts payable within one year | 42/48 | €34,565 | €42,981 | +€8,416 | +24.3% |
| Trade debts | 44 | - | €3,549 | +€3,549 | |
| Suppliers | 440/4 | - | €3,549 | +€3,549 | |
| Taxes, remuneration and social security | 45 | €20,572 | €38,056 | +€17,485 | +85.0% |
| Taxes | 450/3 | €20,572 | €38,056 | +€17,485 | +85.0% |
| Other amounts payable | 47/48 | €13,994 | €1,375 | -€12,619 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €1,409 | +€1,337 | +1,843% |
| Other operating charges | 640/8 | - | €791 | +€791 | |
| Gross operating margin | 9900 | €56,891 | €84,917 | +€28,026 | +49.3% |
| Operating profit (loss) | 9901 | €56,818 | €82,717 | +€25,899 | +45.6% |
| Financial income | 75/76B | - | €369 | +€369 | |
| Recurring financial income | 75 | - | €369 | +€369 | |
| Financial charges | 65/66B | €31 | €72 | +€41 | +130% |
| Recurring financial charges | 65 | €31 | €72 | +€41 | +130% |
| Profit (loss) for the period before taxes | 9903 | €56,787 | €83,014 | +€26,227 | +46.2% |
| Income taxes | 67/77 | €11,755 | €18,008 | +€6,253 | +53.2% |
| Profit (loss) for the period | 9904 | €45,032 | €65,006 | +€19,974 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,032 | €65,006 | +€19,974 | +44.4% |
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 25 October 2026 via checked.be.