RealEquest: what changed
Two fiscal 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.
RealEquest
Largest movements
- Stocks and contracts +€209,504
up €209,504 (+29.3%), from €714,320 to €923,824
- Other debts +€228,775
up €228,775 (+24.9%), from €917,961 to €1.1m
- Profit (loss) carried forward -€80,042
down €80,042 (-27.3%), from -€293,205 to -€373,247
- Debts after one year +€74,251
up €74,251 (+38.0%), from €195,578 to €269,829
of which Other amounts payable: +€90,000
- Financial charges +€1,679
up €1,679 (+42.4%), from €3,960 to €5,640
- Gross operating margin +€1,361
up €1,361 (+1.9%), from -€70,489 to -€69,128
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.
Cash bridge derived
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 | €862,723 | €1,075,771 | +€213,049 | +24.7% |
| Fixed assets | 21/28 | €3,232 | €2,327 | -€905 | -28.0% |
| Tangible fixed assets | 22/27 | €3,232 | €2,327 | -€905 | -28.0% |
| Plant, machinery and equipment | 23 | €3,232 | €2,327 | -€905 | -28.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €859,490 | €1,073,445 | +€213,954 | +24.9% |
| Stocks and contracts in progress | 3 | €714,320 | €923,824 | +€209,504 | +29.3% |
| Stocks | 30/36 | €714,320 | €923,824 | +€209,504 | +29.3% |
| Amounts receivable within one year | 40/41 | €117,963 | €119,769 | +€1,806 | +1.5% |
| Trade receivables | 40 | €438 | €0 | -€438 | -100.0% |
| Other amounts receivable | 41 | €117,525 | €119,769 | +€2,244 | +1.9% |
| Cash at bank and in hand | 54/58 | €25,784 | €25,884 | +€99 | +0.4% |
| Deferred charges and accrued income | 490/1 | €1,423 | €3,968 | +€2,546 | +178.9% |
| Total equity and liabilities | 10/49 | €862,723 | €1,075,771 | +€213,049 | +24.7% |
| Equity | 10/15 | -€287,005 | -€367,047 | -€80,042 | -27.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,205 | -€373,247 | -€80,042 | -27.3% |
| Amounts payable | 17/49 | €1,149,728 | €1,442,818 | +€293,090 | +25.5% |
| Amounts payable after more than one year | 17 | €195,578 | €269,829 | +€74,251 | +38.0% |
| Financial debts | 170/4 | €195,578 | €179,829 | -€15,749 | -8.1% |
| Other amounts payable | 178/9 | - | €90,000 | +€90,000 | |
| Amounts payable within one year | 42/48 | €954,150 | €1,172,989 | +€218,839 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €23,613 | €15,749 | -€7,864 | -33.3% |
| Trade debts | 44 | €11,282 | €9,047 | -€2,234 | -19.8% |
| Suppliers | 440/4 | €11,282 | €9,047 | -€2,234 | -19.8% |
| Taxes, remuneration and social security | 45 | €1,294 | €1,456 | +€163 | +12.6% |
| Taxes | 450/3 | €1,294 | €1,456 | +€163 | +12.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €917,961 | €1,146,736 | +€228,775 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €905 | +€272 | +42.8% |
| Other operating charges | 640/8 | €3,524 | €3,871 | +€347 | +9.8% |
| Gross operating margin | 9900 | -€70,489 | -€69,128 | +€1,361 | +1.9% |
| Operating profit (loss) | 9901 | -€74,647 | -€73,904 | +€743 | +1.0% |
| Financial income | 75/76B | €26 | €0 | -€26 | -100.0% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100.0% |
| Financial charges | 65/66B | €3,960 | €5,640 | +€1,679 | +42.4% |
| Recurring financial charges | 65 | €3,960 | €5,640 | +€1,679 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,581 | -€79,544 | -€963 | -1.2% |
| Income taxes | 67/77 | €481 | €498 | +€17 | +3.4% |
| Profit (loss) for the period | 9904 | -€79,062 | -€80,042 | -€979 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,062 | -€80,042 | -€979 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.