REALFIN: 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.
REALFIN
Largest movements
- Stocks and contracts -€178,141
down €178,141 (-97.5%), from €182,681 to €4,539
- Receivables after one year -€144,116
down €144,116 (-8.2%), from €1.8m to €1.6m
- Deferred charges and accrued income +€94,126
up €94,126 (+1,415%), from €6,653 to €100,779
- Cash -€63,631
down €63,631 (-76.1%), from €83,622 to €19,992
mainly Short-term financial debts (-€305,000) and Debts after one year (-€199,890)
- Tangible fixed assets -€51,721
down €51,721 (-3.7%), from €1.4m to €1.3m
of which Land and buildings: -€51,191
- Short-term financial debts -€305,000
down €305,000 (-37.0%), from €825,000 to €520,000
- Debts after one year -€199,890
down €199,890 (-9.8%), from €2.0m to €1.8m
of which Other amounts payable: -€170,397
- Reserves +€96,991
up €96,991 (+19.4%), from €500,414 to €597,405
of which Distributable reserves: +€96,991
- Other debts +€52,038
up €52,038 (+3,172%), from €1,641 to €53,679
- Gross operating margin -€164,776
down €164,776 (-43.9%), from €375,766 to €210,990
- Financial income +€89,796
up €89,796 (+1,341%), from €6,695 to €96,491
- Financial charges +€42,913
up €42,913 (+71.4%), from €60,110 to €103,023
- Taxes -€29,478
down €29,478 (-47.5%), from €62,029 to €32,551
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,471,101 | €3,134,392 | -€336,708 | -9.7% |
| Fixed assets | 21/28 | €1,400,451 | €1,348,730 | -€51,721 | -3.7% |
| Tangible fixed assets | 22/27 | €1,400,451 | €1,348,730 | -€51,721 | -3.7% |
| Land and buildings | 22 | €1,398,705 | €1,347,514 | -€51,191 | -3.7% |
| Furniture and vehicles | 24 | €1,746 | €1,216 | -€530 | -30.4% |
| Current assets | 29/58 | €2,070,650 | €1,785,662 | -€284,987 | -13.8% |
| Amounts receivable after more than one year | 29 | €1,751,116 | €1,607,000 | -€144,116 | -8.2% |
| Other amounts receivable | 291 | €1,751,116 | €1,607,000 | -€144,116 | -8.2% |
| Stocks and contracts in progress | 3 | €182,681 | €4,539 | -€178,141 | -97.5% |
| Stocks | 30/36 | €182,681 | €4,539 | -€178,141 | -97.5% |
| Amounts receivable within one year | 40/41 | €46,579 | €53,352 | +€6,774 | +14.5% |
| Trade receivables | 40 | €4,747 | €14,820 | +€10,074 | +212% |
| Other amounts receivable | 41 | €41,832 | €38,532 | -€3,300 | -7.9% |
| Cash at bank and in hand | 54/58 | €83,622 | €19,992 | -€63,631 | -76.1% |
| Deferred charges and accrued income | 490/1 | €6,653 | €100,779 | +€94,126 | +1,415% |
| Total equity and liabilities | 10/49 | €3,471,101 | €3,134,392 | -€336,708 | -9.7% |
| Equity | 10/15 | €520,414 | €617,405 | +€96,991 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €500,414 | €597,405 | +€96,991 | +19.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €498,414 | €595,405 | +€96,991 | +19.5% |
| Provisions and deferred taxes | 16 | €22,500 | €22,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,500 | €22,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €22,500 | €22,500 | = | 0.0% |
| Amounts payable | 17/49 | €2,928,187 | €2,494,488 | -€433,699 | -14.8% |
| Amounts payable after more than one year | 17 | €2,041,493 | €1,841,603 | -€199,890 | -9.8% |
| Financial debts | 170/4 | €874,160 | €844,668 | -€29,493 | -3.4% |
| Other amounts payable | 178/9 | €1,167,333 | €996,935 | -€170,397 | -14.6% |
| Amounts payable within one year | 42/48 | €870,166 | €622,770 | -€247,397 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €25,840 | €29,493 | +€3,653 | +14.1% |
| Financial debts | 43 | €825,000 | €520,000 | -€305,000 | -37.0% |
| Credit institutions | 430/8 | €825,000 | €520,000 | -€305,000 | -37.0% |
| Trade debts | 44 | €12,656 | €15,047 | +€2,391 | +18.9% |
| Suppliers | 440/4 | €12,656 | €15,047 | +€2,391 | +18.9% |
| Taxes, remuneration and social security | 45 | €5,029 | €4,551 | -€478 | -9.5% |
| Taxes | 450/3 | €5,029 | €4,551 | -€478 | -9.5% |
| Other amounts payable | 47/48 | €1,641 | €53,679 | +€52,038 | +3,172% |
| Accrued charges and deferred income | 492/3 | €16,528 | €30,115 | +€13,588 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,917 | €61,851 | -€1,066 | -1.7% |
| Other operating charges | 640/8 | €10,641 | €13,066 | +€2,425 | +22.8% |
| Gross operating margin | 9900 | €375,766 | €210,990 | -€164,776 | -43.9% |
| Operating profit (loss) | 9901 | €302,208 | €136,073 | -€166,135 | -55.0% |
| Financial income | 75/76B | €6,695 | €96,491 | +€89,796 | +1,341% |
| Recurring financial income | 75 | €6,695 | €96,491 | +€89,796 | +1,341% |
| Financial charges | 65/66B | €60,110 | €103,023 | +€42,913 | +71.4% |
| Recurring financial charges | 65 | €60,110 | €103,023 | +€42,913 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €248,793 | €129,541 | -€119,251 | -47.9% |
| Income taxes | 67/77 | €62,029 | €32,551 | -€29,478 | -47.5% |
| Profit (loss) for the period | 9904 | €186,763 | €96,991 | -€89,773 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €186,763 | €96,991 | -€89,773 | -48.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2023 and 30 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.