REALE MANAGEMENT: 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.
REALE MANAGEMENT
Largest movements
- Receivables after one year +€41,044
new in 2025: €41,044
- Cash +€19,090
up €19,090 (+47.2%), from €40,451 to €59,542
mainly Net result for the year (+€47,584) and Tax, wage and social debts (+€16,501)
- Receivables within one year -€1,930
down €1,930 (-84.7%), from €2,278 to €348
of which Other amounts receivable: -€1,770
- Profit (loss) carried forward +€46,751
up €46,751 (+151%), from €30,967 to €77,717
- Tax, wage and social debts +€16,501
up €16,501 (+102%), from €16,227 to €32,728
of which Taxes: +€16,501
- Debts after one year -€6,873
down €6,873 (-15.9%), from €43,249 to €36,376
- Gross operating margin +€26,306
up €26,306 (+61.5%), from €42,779 to €69,085
- Taxes +€6,097
up €6,097 (+56.9%), from €10,724 to €16,821
- Financial charges +€2,768
up €2,768 (+254%), from €1,089 to €3,857
- Other operating charges +€824
new in 2025: €824
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 | €99,997 | €158,111 | +€58,114 | +58.1% |
| Fixed assets | 21/28 | €57,177 | €57,177 | = | 0.0% |
| Financial fixed assets | 28 | €57,177 | €57,177 | = | 0.0% |
| Current assets | 29/58 | €42,820 | €100,934 | +€58,114 | +136% |
| Amounts receivable after more than one year | 29 | - | €41,044 | +€41,044 | |
| Other amounts receivable | 291 | - | €41,044 | +€41,044 | |
| Amounts receivable within one year | 40/41 | €2,278 | €348 | -€1,930 | -84.7% |
| Trade receivables | 40 | €508 | €348 | -€160 | -31.4% |
| Other amounts receivable | 41 | €1,770 | €0 | -€1,770 | -100% |
| Cash at bank and in hand | 54/58 | €40,451 | €59,542 | +€19,090 | +47.2% |
| Deferred charges and accrued income | 490/1 | €91 | €0 | -€91 | -100% |
| Total equity and liabilities | 10/49 | €99,997 | €158,111 | +€58,114 | +58.1% |
| Equity | 10/15 | €33,467 | €80,217 | +€46,751 | +140% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,967 | €77,717 | +€46,751 | +151% |
| Amounts payable | 17/49 | €66,530 | €77,894 | +€11,364 | +17.1% |
| Amounts payable after more than one year | 17 | €43,249 | €36,376 | -€6,873 | -15.9% |
| Financial debts | 170/4 | €43,249 | €36,376 | -€6,873 | -15.9% |
| Amounts payable within one year | 42/48 | €23,281 | €40,485 | +€17,204 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €6,751 | €6,873 | +€122 | +1.8% |
| Trade debts | 44 | €303 | €50 | -€253 | -83.5% |
| Suppliers | 440/4 | €303 | €50 | -€253 | -83.5% |
| Taxes, remuneration and social security | 45 | €16,227 | €32,728 | +€16,501 | +102% |
| Taxes | 450/3 | €16,227 | €32,728 | +€16,501 | +102% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,034 | +€1,034 | |
| Other operating charges | 640/8 | - | €824 | +€824 | |
| Gross operating margin | 9900 | €42,779 | €69,085 | +€26,306 | +61.5% |
| Operating profit (loss) | 9901 | €42,779 | €68,261 | +€25,482 | +59.6% |
| Financial charges | 65/66B | €1,089 | €3,857 | +€2,768 | +254% |
| Recurring financial charges | 65 | €1,089 | €3,857 | +€2,768 | +254% |
| Profit (loss) for the period before taxes | 9903 | €41,690 | €64,404 | +€22,714 | +54.5% |
| Income taxes | 67/77 | €10,724 | €16,821 | +€6,097 | +56.9% |
| Profit (loss) for the period | 9904 | €30,967 | €47,584 | +€16,617 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,967 | €47,584 | +€16,617 | +53.7% |
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 15 October 2026 via checked.be.