REALIABLE ESTATE: what changed
REALIABLE ESTATE
Largest movements
- Cash -€36,099
down €36,099 (-92.8%), from €38,909 to €2,810
mainly Trade debts (-€19,420) and Tax, wage and social debts (-€17,752)
- Receivables within one year +€6,708
up €6,708 (+11.2%), from €60,040 to €66,749
of which Trade receivables: +€21,175
- Tangible fixed assets -€5,139
down €5,139 (-60.1%), from €8,553 to €3,414
- Trade debts -€19,420
down €19,420 (-88.3%), from €21,995 to €2,576
- Tax, wage and social debts -€17,752
down €17,752 (-44.0%), from €40,313 to €22,561
of which Taxes: -€16,561
- Reserves +€11,717
up €11,717 (+37.5%), from €31,226 to €42,943
- Advances received -€5,057
no longer reported in 2025 (was €5,057)
- Debts after one year -€2,017
no longer reported in 2025 (was €2,017)
- Gross operating margin -€8,817
down €8,817 (-29.2%), from €30,160 to €21,343
- Taxes -€4,636
down €4,636 (-50.6%), from €9,156 to €4,520
- Other operating charges -€2,372
down €2,372 (-91.8%), from €2,584 to €212
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,502 | €72,989 | -€34,513 | -32.1% |
| Fixed assets | 21/28 | €8,553 | €3,414 | -€5,139 | -60.1% |
| Tangible fixed assets | 22/27 | €8,553 | €3,414 | -€5,139 | -60.1% |
| Furniture and vehicles | 24 | €8,553 | €3,414 | -€5,139 | -60.1% |
| Current assets | 29/58 | €98,949 | €69,575 | -€29,374 | -29.7% |
| Amounts receivable within one year | 40/41 | €60,040 | €66,749 | +€6,708 | +11.2% |
| Trade receivables | 40 | €32,597 | €53,773 | +€21,175 | +65.0% |
| Other amounts receivable | 41 | €27,443 | €12,976 | -€14,467 | -52.7% |
| Cash at bank and in hand | 54/58 | €38,909 | €2,810 | -€36,099 | -92.8% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €107,502 | €72,989 | -€34,513 | -32.1% |
| Equity | 10/15 | €33,726 | €45,443 | +€11,717 | +34.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,226 | €42,943 | +€11,717 | +37.5% |
| Distributable reserves | 133 | €31,226 | €42,943 | +€11,717 | +37.5% |
| Amounts payable | 17/49 | €73,776 | €27,546 | -€46,231 | -62.7% |
| Amounts payable after more than one year | 17 | €2,017 | - | -€2,017 | |
| Financial debts | 170/4 | €2,017 | - | -€2,017 | |
| Amounts payable within one year | 42/48 | €71,759 | €27,546 | -€44,213 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €4,394 | €2,409 | -€1,985 | -45.2% |
| Trade debts | 44 | €21,995 | €2,576 | -€19,420 | -88.3% |
| Suppliers | 440/4 | €21,995 | €2,576 | -€19,420 | -88.3% |
| Advances received on contracts in progress | 46 | €5,057 | - | -€5,057 | |
| Taxes, remuneration and social security | 45 | €40,313 | €22,561 | -€17,752 | -44.0% |
| Taxes | 450/3 | €39,122 | €22,561 | -€16,561 | -42.3% |
| Remuneration and social security | 454/9 | €1,191 | - | -€1,191 | |
| Non-recurring operating income | 76A | €7,057 | - | -€7,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,973 | €5,139 | +€166 | +3.3% |
| Other operating charges | 640/8 | €2,584 | €212 | -€2,372 | -91.8% |
| Gross operating margin | 9900 | €30,160 | €21,343 | -€8,817 | -29.2% |
| Operating profit (loss) | 9901 | €22,603 | €15,992 | -€6,612 | -29.3% |
| Financial income | 75/76B | €924 | €920 | -€4 | -0.4% |
| Recurring financial income | 75 | €924 | €920 | -€4 | -0.4% |
| Financial charges | 65/66B | €755 | €675 | -€80 | -10.6% |
| Recurring financial charges | 65 | €755 | €675 | -€80 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €22,772 | €16,237 | -€6,535 | -28.7% |
| Income taxes | 67/77 | €9,156 | €4,520 | -€4,636 | -50.6% |
| Profit (loss) for the period | 9904 | €13,616 | €11,717 | -€1,899 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,616 | €11,717 | -€1,899 | -13.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.