REAL ISTIC: 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 ISTIC
Largest movements
- Receivables within one year +€100,485
up €100,485 (+64.4%), from €155,913 to €256,398
of which Other amounts receivable: +€96,085
- Receivables after one year -€100,000
down €100,000 (-9.6%), from €1.0m to €939,505
- Cash +€71,646
up €71,646 (+56.6%), from €126,658 to €198,304
mainly Other debts (+€373,567) and Net result for the year (+€235,319)
- Other debts +€373,567
up €373,567 (+314%), from €118,943 to €492,510
- Reserves -€257,191
down €257,191 (-26.6%), from €966,346 to €709,155
of which Distributable reserves: -€255,331
- Tax, wage and social debts -€90,201
down €90,201 (-60.7%), from €148,562 to €58,361
- Current portion of long-term debt +€40,000
up €40,000 (+44.4%), from €90,000 to €130,000
- Gross operating margin -€77,760
down €77,760 (-18.1%), from €429,026 to €351,266
- Taxes -€29,617
down €29,617 (-20.7%), from €143,347 to €113,730
- Financial income -€9,837
down €9,837 (-49.0%), from €20,074 to €10,238
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 | €1,345,924 | €1,422,014 | +€76,090 | +5.7% |
| Fixed assets | 21/28 | €23,848 | €27,807 | +€3,959 | +16.6% |
| Tangible fixed assets | 22/27 | €23,848 | €27,807 | +€3,959 | +16.6% |
| Land and buildings | 22 | €8,012 | €8,012 | = | 0.0% |
| Plant, machinery and equipment | 23 | €855 | €451 | -€404 | -47.3% |
| Furniture and vehicles | 24 | €14,981 | €19,344 | +€4,363 | +29.1% |
| Current assets | 29/58 | €1,322,076 | €1,394,207 | +€72,131 | +5.5% |
| Amounts receivable after more than one year | 29 | €1,039,505 | €939,505 | -€100,000 | -9.6% |
| Other amounts receivable | 291 | €1,039,505 | €939,505 | -€100,000 | -9.6% |
| Amounts receivable within one year | 40/41 | €155,913 | €256,398 | +€100,485 | +64.4% |
| Trade receivables | 40 | €27,665 | €32,065 | +€4,401 | +15.9% |
| Other amounts receivable | 41 | €128,249 | €224,333 | +€96,085 | +74.9% |
| Cash at bank and in hand | 54/58 | €126,658 | €198,304 | +€71,646 | +56.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,345,924 | €1,422,014 | +€76,090 | +5.7% |
| Equity | 10/15 | €972,546 | €715,355 | -€257,191 | -26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €966,346 | €709,155 | -€257,191 | -26.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €964,486 | €709,155 | -€255,331 | -26.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,378 | €706,659 | +€333,281 | +89.3% |
| Amounts payable within one year | 42/48 | €373,378 | €705,020 | +€331,642 | +88.8% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €130,000 | +€40,000 | +44.4% |
| Trade debts | 44 | €15,874 | €24,149 | +€8,275 | +52.1% |
| Suppliers | 440/4 | €15,874 | €24,149 | +€8,275 | +52.1% |
| Taxes, remuneration and social security | 45 | €148,562 | €58,361 | -€90,201 | -60.7% |
| Taxes | 450/3 | €148,562 | €58,361 | -€90,201 | -60.7% |
| Other amounts payable | 47/48 | €118,943 | €492,510 | +€373,567 | +314% |
| Accrued charges and deferred income | 492/3 | €0 | €1,639 | +€1,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,088 | €6,097 | +€2,009 | +49.1% |
| Other operating charges | 640/8 | €1,794 | €1,632 | -€162 | -9.0% |
| Gross operating margin | 9900 | €429,026 | €351,266 | -€77,760 | -18.1% |
| Operating profit (loss) | 9901 | €423,144 | €343,537 | -€79,607 | -18.8% |
| Financial income | 75/76B | €20,074 | €10,238 | -€9,837 | -49.0% |
| Recurring financial income | 75 | €20,074 | €10,238 | -€9,837 | -49.0% |
| Financial charges | 65/66B | €2,860 | €4,727 | +€1,867 | +65.3% |
| Recurring financial charges | 65 | €2,860 | €4,727 | +€1,867 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €440,359 | €349,048 | -€91,311 | -20.7% |
| Income taxes | 67/77 | €143,347 | €113,730 | -€29,617 | -20.7% |
| Profit (loss) for the period | 9904 | €297,012 | €235,319 | -€61,693 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €297,012 | €235,319 | -€61,693 | -20.8% |
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 18 October 2026 via checked.be.