ReaL IMPACT: 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 IMPACT
Largest movements
- Receivables within one year +€26,529
up €26,529 (+247%), from €10,749 to €37,278
of which Trade receivables: +€23,030
- Receivables after one year +€12,000
up €12,000 (+99.2%), from €12,100 to €24,100
- Financial fixed assets -€7,600
down €7,600 (-99.3%), from €7,655 to €55
- Current investments -€6,000
down €6,000 (-87.8%), from €6,832 to €832
- Cash -€1,372
no longer reported in 2025 (was €1,372)
mainly Receivables within one year (-€26,529) and Receivables after one year (-€12,000)
- Profit (loss) carried forward +€11,517
up €11,517 (+42.9%), from €26,827 to €38,345
- Short-term financial debts +€4,747
up €4,747 (+492%), from €965 to €5,713
- Tax, wage and social debts +€3,597
up €3,597 (+67.9%), from €5,297 to €8,895
- Other debts +€2,967
up €2,967 (+9,052%), from €33 to €3,000
- Current portion of long-term debt -€992
no longer reported in 2025 (was €992)
- Gross operating margin -€9,256
down €9,256 (-36.8%), from €25,184 to €15,928
- Financial income +€1,883
up €1,883 (+31.9%), from €5,905 to €7,788
- Taxes -€1,216
down €1,216 (-24.0%), from €5,075 to €3,859
- Other operating charges -€991
down €991 (-55.3%), from €1,790 to €799
- Financial charges -€884
down €884 (-22.0%), from €4,017 to €3,133
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 | €47,615 | €69,610 | +€21,995 | +46.2% |
| Fixed assets | 21/28 | €12,475 | €3,998 | -€8,478 | -68.0% |
| Tangible fixed assets | 22/27 | €4,820 | €3,943 | -€878 | -18.2% |
| Plant, machinery and equipment | 23 | €4,289 | €3,501 | -€788 | -18.4% |
| Furniture and vehicles | 24 | €531 | €441 | -€90 | -16.9% |
| Financial fixed assets | 28 | €7,655 | €55 | -€7,600 | -99.3% |
| Current assets | 29/58 | €35,140 | €65,612 | +€30,472 | +86.7% |
| Amounts receivable after more than one year | 29 | €12,100 | €24,100 | +€12,000 | +99.2% |
| Trade receivables | 290 | €12,100 | €24,100 | +€12,000 | +99.2% |
| Amounts receivable within one year | 40/41 | €10,749 | €37,278 | +€26,529 | +247% |
| Trade receivables | 40 | €9,928 | €32,958 | +€23,030 | +232% |
| Other amounts receivable | 41 | €821 | €4,320 | +€3,499 | +426% |
| Current investments | 50/53 | €6,832 | €832 | -€6,000 | -87.8% |
| Cash at bank and in hand | 54/58 | €1,372 | - | -€1,372 | |
| Deferred charges and accrued income | 490/1 | €4,087 | €3,402 | -€685 | -16.8% |
| Total equity and liabilities | 10/49 | €47,615 | €69,610 | +€21,995 | +46.2% |
| Equity | 10/15 | €36,719 | €48,236 | +€11,517 | +31.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €2,392 | €2,392 | = | 0.0% |
| Distributable reserves | 133 | €2,392 | €2,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,827 | €38,345 | +€11,517 | +42.9% |
| Amounts payable | 17/49 | €10,896 | €21,373 | +€10,477 | +96.2% |
| Amounts payable within one year | 42/48 | €10,896 | €21,373 | +€10,477 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €992 | - | -€992 | |
| Financial debts | 43 | €965 | €5,713 | +€4,747 | +492% |
| Credit institutions | 430/8 | €965 | €5,713 | +€4,747 | +492% |
| Trade debts | 44 | €3,608 | €3,766 | +€158 | +4.4% |
| Suppliers | 440/4 | €3,608 | €3,766 | +€158 | +4.4% |
| Taxes, remuneration and social security | 45 | €5,297 | €8,895 | +€3,597 | +67.9% |
| Taxes | 450/3 | €5,297 | €8,895 | +€3,597 | +67.9% |
| Other amounts payable | 47/48 | €33 | €3,000 | +€2,967 | +9,052% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €878 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,790 | €799 | -€991 | -55.3% |
| Gross operating margin | 9900 | €25,184 | €15,928 | -€9,256 | -36.8% |
| Operating profit (loss) | 9901 | €22,515 | €14,251 | -€8,265 | -36.7% |
| Financial income | 75/76B | €5,905 | €7,788 | +€1,883 | +31.9% |
| Recurring financial income | 75 | €5,905 | €7,788 | +€1,883 | +31.9% |
| Financial charges | 65/66B | €4,017 | €3,133 | -€884 | -22.0% |
| Recurring financial charges | 65 | €4,017 | €3,133 | -€884 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €24,403 | €18,906 | -€5,497 | -22.5% |
| Income taxes | 67/77 | €5,075 | €3,859 | -€1,216 | -24.0% |
| Profit (loss) for the period | 9904 | €19,329 | €15,047 | -€4,281 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,329 | €15,047 | -€4,281 | -22.1% |
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 1 November 2026 via checked.be.