Reales: 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.
Reales
Largest movements
- Tangible fixed assets -€64,506
down €64,506 (-7.0%), from €925,124 to €860,618
of which Land and buildings: -€60,150
- Debts after one year -€105,291
down €105,291 (-49.6%), from €212,173 to €106,882
- Reserves +€22,883
up €22,883 (+25.1%), from €91,207 to €114,090
- Trade debts +€14,158
up €14,158 (+4,368%), from €324 to €14,482
- Other operating charges +€22,557
up €22,557 (+577%), from €3,907 to €26,464
- Gross operating margin +€14,889
up €14,889 (+13.2%), from €112,468 to €127,357
- Taxes -€2,881
down €2,881 (-32.0%), from €9,004 to €6,122
- Financial charges -€1,320
down €1,320 (-24.4%), from €5,419 to €4,099
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 | €985,012 | €915,950 | -€69,062 | -7.0% |
| Fixed assets | 21/28 | €925,124 | €860,618 | -€64,506 | -7.0% |
| Tangible fixed assets | 22/27 | €925,124 | €860,618 | -€64,506 | -7.0% |
| Land and buildings | 22 | €909,539 | €849,390 | -€60,150 | -6.6% |
| Plant, machinery and equipment | 23 | €1,003 | €3,073 | +€2,071 | +206% |
| Furniture and vehicles | 24 | €14,582 | €8,155 | -€6,426 | -44.1% |
| Current assets | 29/58 | €59,888 | €55,332 | -€4,556 | -7.6% |
| Amounts receivable within one year | 40/41 | €7,341 | €10,054 | +€2,713 | +37.0% |
| Trade receivables | 40 | €5,680 | €5,680 | = | 0.0% |
| Other amounts receivable | 41 | €1,662 | €4,374 | +€2,713 | +163% |
| Cash at bank and in hand | 54/58 | €48,179 | €40,954 | -€7,225 | -15.0% |
| Deferred charges and accrued income | 490/1 | €4,368 | €4,324 | -€44 | -1.0% |
| Total equity and liabilities | 10/49 | €985,012 | €915,950 | -€69,062 | -7.0% |
| Equity | 10/15 | €109,807 | €132,690 | +€22,883 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,207 | €114,090 | +€22,883 | +25.1% |
| Distributable reserves | 133 | €91,207 | €114,090 | +€22,883 | +25.1% |
| Amounts payable | 17/49 | €875,204 | €783,260 | -€91,945 | -10.5% |
| Amounts payable after more than one year | 17 | €212,173 | €106,882 | -€105,291 | -49.6% |
| Financial debts | 170/4 | €212,173 | €106,882 | -€105,291 | -49.6% |
| Amounts payable within one year | 42/48 | €660,737 | €675,466 | +€14,729 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €103,724 | €105,291 | +€1,567 | +1.5% |
| Trade debts | 44 | €324 | €14,482 | +€14,158 | +4,368% |
| Suppliers | 440/4 | €324 | €14,482 | +€14,158 | +4,368% |
| Taxes, remuneration and social security | 45 | €260 | €0 | -€260 | -100% |
| Taxes | 450/3 | €260 | €0 | -€260 | -100% |
| Other amounts payable | 47/48 | €556,429 | €555,693 | -€736 | -0.1% |
| Accrued charges and deferred income | 492/3 | €2,294 | €911 | -€1,382 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,936 | €67,789 | -€147 | -0.2% |
| Other operating charges | 640/8 | €3,907 | €26,464 | +€22,557 | +577% |
| Non-recurring operating charges | 66A | €1 | €0 | -€1 | -100% |
| Gross operating margin | 9900 | €112,468 | €127,357 | +€14,889 | +13.2% |
| Operating profit (loss) | 9901 | €40,624 | €33,104 | -€7,520 | -18.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €5,419 | €4,099 | -€1,320 | -24.4% |
| Recurring financial charges | 65 | €5,419 | €4,099 | -€1,320 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €35,205 | €29,005 | -€6,200 | -17.6% |
| Income taxes | 67/77 | €9,004 | €6,122 | -€2,881 | -32.0% |
| Profit (loss) for the period | 9904 | €26,201 | €22,883 | -€3,318 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,201 | €22,883 | -€3,318 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.