RealDev: 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.
RealDev
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-47.8%), from €2.7m to €1.4m
of which Trade receivables: -€1.1m
- Cash +€484,947
up €484,947 (+23.0%), from €2.1m to €2.6m
mainly Receivables within one year (+€1.3m) and Tax, wage and social debts (+€152,332)
- Accrued charges and deferred income -€481,777
down €481,777 (-100%), from €481,777 to €0
- Other debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Trade debts -€295,112
down €295,112 (-29.4%), from €1.0m to €710,363
of which Suppliers: -€295,112
- Tax, wage and social debts +€152,332
up €152,332 (+81.0%), from €188,145 to €340,477
of which Taxes: +€138,471
- Profit (loss) carried forward +€94,210
up €94,210 (+3.1%), from €3.0m to €3.1m
- Gross operating margin -€1.2m
down €1.2m (-38.3%), from €3.2m to €2.0m
- Taxes -€278,359
down €278,359 (-77.3%), from €359,978 to €81,619
- Staff costs -€133,264
down €133,264 (-7.1%), from €1.9m to €1.7m
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 | €5,030,560 | €4,200,213 | -€830,347 | -16.5% |
| Fixed assets | 21/28 | €129,883 | €87,956 | -€41,928 | -32.3% |
| Intangible fixed assets | 21 | €40,805 | €26,389 | -€14,415 | -35.3% |
| Tangible fixed assets | 22/27 | €64,926 | €42,954 | -€21,972 | -33.8% |
| Plant, machinery and equipment | 23 | - | €812 | +€812 | |
| Furniture and vehicles | 24 | €58,752 | €41,660 | -€17,093 | -29.1% |
| Other tangible fixed assets | 26 | €6,174 | €483 | -€5,691 | -92.2% |
| Financial fixed assets | 28 | €24,153 | €18,613 | -€5,540 | -22.9% |
| Current assets | 29/58 | €4,900,676 | €4,112,257 | -€788,419 | -16.1% |
| Amounts receivable within one year | 40/41 | €2,746,108 | €1,432,334 | -€1.3m | -47.8% |
| Trade receivables | 40 | €2,377,399 | €1,236,521 | -€1.1m | -48.0% |
| Other amounts receivable | 41 | €368,709 | €195,813 | -€172,896 | -46.9% |
| Cash at bank and in hand | 54/58 | €2,109,174 | €2,594,121 | +€484,947 | +23.0% |
| Deferred charges and accrued income | 490/1 | €45,394 | €85,802 | +€40,408 | +89.0% |
| Total equity and liabilities | 10/49 | €5,030,560 | €4,200,213 | -€830,347 | -16.5% |
| Equity | 10/15 | €3,055,163 | €3,149,373 | +€94,210 | +3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,033,163 | €3,127,373 | +€94,210 | +3.1% |
| Amounts payable | 17/49 | €1,975,397 | €1,050,840 | -€924,557 | -46.8% |
| Amounts payable within one year | 42/48 | €1,493,620 | €1,050,840 | -€442,780 | -29.6% |
| Trade debts | 44 | €1,005,475 | €710,363 | -€295,112 | -29.4% |
| Suppliers | 440/4 | €1,005,475 | €710,363 | -€295,112 | -29.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €188,145 | €340,477 | +€152,332 | +81.0% |
| Taxes | 450/3 | €49,434 | €187,905 | +€138,471 | +280% |
| Remuneration and social security | 454/9 | €138,711 | €152,572 | +€13,861 | +10.0% |
| Other amounts payable | 47/48 | €300,000 | €0 | -€300,000 | -100% |
| Accrued charges and deferred income | 492/3 | €481,777 | €0 | -€481,777 | -100% |
| Remuneration, social security and pensions | 62 | €1,880,027 | €1,746,763 | -€133,264 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,859 | €37,478 | -€9,382 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,573 | €0 | -€1,573 | -100% |
| Other operating charges | 640/8 | €20,107 | €26,222 | +€6,115 | +30.4% |
| Gross operating margin | 9900 | €3,221,752 | €1,986,908 | -€1.2m | -38.3% |
| Operating profit (loss) | 9901 | €1,273,186 | €176,446 | -€1.1m | -86.1% |
| Financial income | 75/76B | €991 | €512 | -€479 | -48.3% |
| Recurring financial income | 75 | €991 | €512 | -€479 | -48.3% |
| Financial charges | 65/66B | €5,795 | €1,129 | -€4,666 | -80.5% |
| Recurring financial charges | 65 | €5,795 | €1,129 | -€4,666 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €1,268,381 | €175,829 | -€1.1m | -86.1% |
| Income taxes | 67/77 | €359,978 | €81,619 | -€278,359 | -77.3% |
| Profit (loss) for the period | 9904 | €908,404 | €94,210 | -€814,194 | -89.6% |
| Transfer from tax-exempt reserves | 789 | €5,685 | €0 | -€5,685 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €914,089 | €94,210 | -€819,879 | -89.7% |
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 20 October 2026 via checked.be.