REALISABLE: 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.
REALISABLE
Largest movements
- Receivables within one year +€209,994
up €209,994 (+97.1%), from €216,180 to €426,174
of which Trade receivables: +€205,631
- Tangible fixed assets +€76,075
up €76,075 (+100.2%), from €75,944 to €152,019
of which Furniture and vehicles: +€71,454
- Cash +€9,743
up €9,743 (+14.1%), from €68,854 to €78,597
mainly Trade debts (+€249,848) and Tax, wage and social debts (+€37,966)
- Trade debts +€249,848
up €249,848 (+210.4%), from €118,752 to €368,600
- Tax, wage and social debts +€37,966
up €37,966 (+57.8%), from €65,657 to €103,623
of which Taxes: +€20,926
- Debts after one year +€34,648
up €34,648 (+399.7%), from €8,669 to €43,317
- Advances received -€29,000
no longer reported in 2025 (was €29,000)
- Current portion of long-term debt +€10,700
up €10,700 (+131.8%), from €8,116 to €18,817
- Staff costs +€79,040
up €79,040 (+42.0%), from €187,974 to €267,014
- Gross operating margin +€68,624
up €68,624 (+28.2%), from €243,192 to €311,816
- Depreciation +€12,396
up €12,396 (+60.8%), from €20,388 to €32,783
- Financial income -€5,299
down €5,299 (-86.8%), from €6,108 to €809
- Financial charges -€5,069
down €5,069 (-55.6%), from €9,118 to €4,049
of which Financial charges: -€5,594
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 | €375,442 | €675,756 | +€300,314 | +80.0% |
| Fixed assets | 21/28 | €76,194 | €154,519 | +€78,325 | +102.8% |
| Tangible fixed assets | 22/27 | €75,944 | €152,019 | +€76,075 | +100.2% |
| Plant, machinery and equipment | 23 | €11,924 | €16,545 | +€4,621 | +38.8% |
| Furniture and vehicles | 24 | €64,021 | €135,474 | +€71,454 | +111.6% |
| Financial fixed assets | 28 | €250 | €2,500 | +€2,250 | +900.0% |
| Current assets | 29/58 | €299,248 | €521,237 | +€221,989 | +74.2% |
| Stocks and contracts in progress | 3 | €8,403 | €11,702 | +€3,300 | +39.3% |
| Stocks | 30/36 | €8,403 | €11,702 | +€3,300 | +39.3% |
| Amounts receivable within one year | 40/41 | €216,180 | €426,174 | +€209,994 | +97.1% |
| Trade receivables | 40 | €195,933 | €401,564 | +€205,631 | +104.9% |
| Other amounts receivable | 41 | €20,247 | €24,610 | +€4,362 | +21.5% |
| Cash at bank and in hand | 54/58 | €68,854 | €78,597 | +€9,743 | +14.1% |
| Deferred charges and accrued income | 490/1 | €5,810 | €4,763 | -€1,047 | -18.0% |
| Total equity and liabilities | 10/49 | €375,442 | €675,756 | +€300,314 | +80.0% |
| Equity | 10/15 | €138,080 | €141,399 | +€3,319 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,020 | €133,339 | +€3,319 | +2.6% |
| Amounts payable | 17/49 | €237,362 | €534,357 | +€296,995 | +125.1% |
| Amounts payable after more than one year | 17 | €8,669 | €43,317 | +€34,648 | +399.7% |
| Financial debts | 170/4 | €8,669 | €43,317 | +€34,648 | +399.7% |
| Amounts payable within one year | 42/48 | €221,525 | €491,040 | +€269,515 | +121.7% |
| Current portion of amounts payable after more than one year | 42 | €8,116 | €18,817 | +€10,700 | +131.8% |
| Trade debts | 44 | €118,752 | €368,600 | +€249,848 | +210.4% |
| Suppliers | 440/4 | €118,752 | €368,600 | +€249,848 | +210.4% |
| Advances received on contracts in progress | 46 | €29,000 | - | -€29,000 | |
| Taxes, remuneration and social security | 45 | €65,657 | €103,623 | +€37,966 | +57.8% |
| Taxes | 450/3 | €54,017 | €74,944 | +€20,926 | +38.7% |
| Remuneration and social security | 454/9 | €11,639 | €28,679 | +€17,040 | +146.4% |
| Accrued charges and deferred income | 492/3 | €7,168 | - | -€7,168 | |
| Non-recurring operating income | 76A | - | €35,388 | +€35,388 | |
| Remuneration, social security and pensions | 62 | €187,974 | €267,014 | +€79,040 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,388 | €32,783 | +€12,396 | +60.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,596 | €2,596 | = | 0.0% |
| Other operating charges | 640/8 | €1,423 | €1,488 | +€66 | +4.6% |
| Gross operating margin | 9900 | €243,192 | €311,816 | +€68,624 | +28.2% |
| Operating profit (loss) | 9901 | €30,812 | €7,935 | -€22,877 | -74.2% |
| Financial income | 75/76B | €6,108 | €809 | -€5,299 | -86.8% |
| Recurring financial income | 75 | €6,108 | €809 | -€5,299 | -86.8% |
| Financial charges | 65/66B | €9,118 | €4,049 | -€5,069 | -55.6% |
| Recurring financial charges | 65 | €9,118 | €3,524 | -€5,594 | -61.4% |
| Non-recurring financial charges | 66B | - | €525 | +€525 | |
| Profit (loss) for the period before taxes | 9903 | €27,802 | €4,695 | -€23,107 | -83.1% |
| Income taxes | 67/77 | €2,608 | €1,377 | -€1,231 | -47.2% |
| Profit (loss) for the period | 9904 | €25,194 | €3,319 | -€21,875 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,194 | €3,319 | -€21,875 | -86.8% |
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 3 October 2026 via checked.be.