REALFI: 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.
REALFI
Largest movements
- Cash +€146,000
up €146,000 (+117%), from €124,895 to €270,896
mainly Depreciation (+€168,905) and Other debts (+€136,746)
- Receivables within one year -€82,391
down €82,391 (-57.2%), from €144,126 to €61,736
of which Trade receivables: -€105,735
- Tangible fixed assets +€31,155
up €31,155 (+1.9%), from €1.6m to €1.7m
of which Furniture and vehicles: +€33,442
- Other debts +€136,746
up €136,746 (+25.6%), from €534,285 to €671,031
- Debts after one year -€93,254
down €93,254 (-18.1%), from €515,747 to €422,493
- Reserves +€37,500
up €37,500 (+7.7%), from €485,903 to €523,403
of which Distributable reserves: +€37,500
- Accrued charges and deferred income +€31,262
up €31,262 (+79.7%), from €39,249 to €70,511
- Tax, wage and social debts -€20,821
down €20,821 (-37.5%), from €55,466 to €34,645
of which Taxes: -€24,560
- Gross operating margin -€32,301
down €32,301 (-7.6%), from €424,277 to €391,976
- Financial charges +€24,530
up €24,530 (+19.8%), from €123,662 to €148,192
- Taxes -€24,072
down €24,072 (-58.8%), from €40,936 to €16,864
- Depreciation +€22,059
up €22,059 (+15.0%), from €146,847 to €168,905
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 | €1,946,264 | €2,039,490 | +€93,226 | +4.8% |
| Fixed assets | 21/28 | €1,665,777 | €1,696,932 | +€31,155 | +1.9% |
| Tangible fixed assets | 22/27 | €1,635,727 | €1,666,882 | +€31,155 | +1.9% |
| Land and buildings | 22 | €1,625,782 | €1,623,531 | -€2,251 | -0.1% |
| Furniture and vehicles | 24 | €9,874 | €43,316 | +€33,442 | +339% |
| Other tangible fixed assets | 26 | €71 | €35 | -€35 | -50.1% |
| Financial fixed assets | 28 | €30,050 | €30,050 | = | 0.0% |
| Current assets | 29/58 | €280,487 | €342,558 | +€62,071 | +22.1% |
| Amounts receivable within one year | 40/41 | €144,126 | €61,736 | -€82,391 | -57.2% |
| Trade receivables | 40 | €144,111 | €38,375 | -€105,735 | -73.4% |
| Other amounts receivable | 41 | €16 | €23,360 | +€23,345 | +149,454% |
| Current investments | 50/53 | €121 | €122 | +€1 | +0.8% |
| Cash at bank and in hand | 54/58 | €124,895 | €270,896 | +€146,000 | +117% |
| Deferred charges and accrued income | 490/1 | €11,345 | €9,805 | -€1,540 | -13.6% |
| Total equity and liabilities | 10/49 | €1,946,264 | €2,039,490 | +€93,226 | +4.8% |
| Equity | 10/15 | €590,308 | €628,195 | +€37,888 | +6.4% |
| Contributions | 10/11 | €44,691 | €44,691 | = | 0.0% |
| Reserves | 13 | €485,903 | €523,403 | +€37,500 | +7.7% |
| Tax-exempt reserves | 132 | €903 | €903 | = | 0.0% |
| Distributable reserves | 133 | €485,000 | €522,500 | +€37,500 | +7.7% |
| Profit (loss) carried forward | 14 | €59,713 | €60,101 | +€388 | +0.6% |
| Provisions and deferred taxes | 16 | €107,882 | €106,520 | -€1,362 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €107,882 | €106,520 | -€1,362 | -1.3% |
| Other liabilities and charges | 164/5 | €107,882 | €106,520 | -€1,362 | -1.3% |
| Amounts payable | 17/49 | €1,248,074 | €1,304,775 | +€56,700 | +4.5% |
| Amounts payable after more than one year | 17 | €515,747 | €422,493 | -€93,254 | -18.1% |
| Financial debts | 170/4 | €515,747 | €422,493 | -€93,254 | -18.1% |
| Amounts payable within one year | 42/48 | €693,078 | €811,771 | +€118,692 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €90,941 | €93,254 | +€2,313 | +2.5% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €12,386 | €12,823 | +€437 | +3.5% |
| Suppliers | 440/4 | €12,386 | €12,823 | +€437 | +3.5% |
| Taxes, remuneration and social security | 45 | €55,466 | €34,645 | -€20,821 | -37.5% |
| Taxes | 450/3 | €55,466 | €30,906 | -€24,560 | -44.3% |
| Remuneration and social security | 454/9 | - | €3,739 | +€3,739 | |
| Other amounts payable | 47/48 | €534,285 | €671,031 | +€136,746 | +25.6% |
| Accrued charges and deferred income | 492/3 | €39,249 | €70,511 | +€31,262 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,847 | €168,905 | +€22,059 | +15.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,266 | -€1,362 | -€96 | -7.6% |
| Other operating charges | 640/8 | €20,966 | €23,099 | +€2,133 | +10.2% |
| Gross operating margin | 9900 | €424,277 | €391,976 | -€32,301 | -7.6% |
| Operating profit (loss) | 9901 | €257,730 | €201,334 | -€56,396 | -21.9% |
| Financial income | 75/76B | €751 | €1,610 | +€859 | +114% |
| Recurring financial income | 75 | €751 | €1,454 | +€703 | +93.6% |
| Non-recurring financial income | 76B | - | €156 | +€156 | |
| Financial charges | 65/66B | €123,662 | €148,192 | +€24,530 | +19.8% |
| Recurring financial charges | 65 | €123,662 | €148,192 | +€24,530 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €134,820 | €54,752 | -€80,068 | -59.4% |
| Income taxes | 67/77 | €40,936 | €16,864 | -€24,072 | -58.8% |
| Profit (loss) for the period | 9904 | €93,884 | €37,888 | -€55,996 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,884 | €37,888 | -€55,996 | -59.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.