²REALISE: 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.
²REALISE
Largest movements
- Tangible fixed assets -€48,183
down €48,183 (-14.6%), from €329,091 to €280,908
of which Land and buildings: -€37,101
- Receivables within one year +€33,281
up €33,281 (+15.2%), from €219,377 to €252,658
of which Other amounts receivable: +€45,865
- Cash -€7,323
down €7,323 (-94.6%), from €7,744 to €421
mainly Receivables within one year (-€33,281) and Debts after one year (-€28,707)
- Debts after one year -€28,707
down €28,707 (-8.2%), from €348,155 to €319,448
- Current portion of long-term debt +€6,403
up €6,403 (+18.5%), from €34,554 to €40,957
- Staff costs +€10,091
up €10,091 (+8.5%), from €118,569 to €128,660
- Gross operating margin -€5,435
down €5,435 (-2.6%), from €207,415 to €201,981
- Taxes -€3,238
down €3,238 (-39.9%), from €8,108 to €4,870
- Other operating charges +€2,629
up €2,629 (+43.7%), from €6,014 to €8,642
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 | €589,594 | €568,481 | -€21,113 | -3.6% |
| Fixed assets | 21/28 | €331,591 | €283,408 | -€48,183 | -14.5% |
| Tangible fixed assets | 22/27 | €329,091 | €280,908 | -€48,183 | -14.6% |
| Land and buildings | 22 | €294,798 | €257,697 | -€37,101 | -12.6% |
| Plant, machinery and equipment | 23 | €10,028 | €7,290 | -€2,738 | -27.3% |
| Furniture and vehicles | 24 | €9,519 | €5,691 | -€3,828 | -40.2% |
| Leasing and similar rights | 25 | €14,746 | €10,230 | -€4,515 | -30.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €258,003 | €285,073 | +€27,069 | +10.5% |
| Amounts receivable within one year | 40/41 | €219,377 | €252,658 | +€33,281 | +15.2% |
| Trade receivables | 40 | €55,482 | €42,898 | -€12,584 | -22.7% |
| Other amounts receivable | 41 | €163,895 | €209,760 | +€45,865 | +28.0% |
| Current investments | 50/53 | €29,453 | €29,453 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,744 | €421 | -€7,323 | -94.6% |
| Deferred charges and accrued income | 490/1 | €1,430 | €2,541 | +€1,111 | +77.7% |
| Total equity and liabilities | 10/49 | €589,594 | €568,481 | -€21,113 | -3.6% |
| Equity | 10/15 | €163,556 | €158,619 | -€4,937 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,063 | €50,063 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,313 | €31,313 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,313 | €31,313 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,893 | €89,957 | -€4,937 | -5.2% |
| Amounts payable | 17/49 | €426,038 | €409,862 | -€16,176 | -3.8% |
| Amounts payable after more than one year | 17 | €348,155 | €319,448 | -€28,707 | -8.2% |
| Financial debts | 170/4 | €348,155 | €319,448 | -€28,707 | -8.2% |
| Amounts payable within one year | 42/48 | €76,301 | €88,919 | +€12,618 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €34,554 | €40,957 | +€6,403 | +18.5% |
| Trade debts | 44 | €2,419 | €8,204 | +€5,785 | +239% |
| Suppliers | 440/4 | €2,419 | €8,204 | +€5,785 | +239% |
| Taxes, remuneration and social security | 45 | €22,143 | €21,464 | -€678 | -3.1% |
| Taxes | 450/3 | €3,876 | €2,911 | -€965 | -24.9% |
| Remuneration and social security | 454/9 | €18,266 | €18,553 | +€287 | +1.6% |
| Other amounts payable | 47/48 | €17,185 | €18,293 | +€1,108 | +6.4% |
| Accrued charges and deferred income | 492/3 | €1,583 | €1,496 | -€87 | -5.5% |
| Remuneration, social security and pensions | 62 | €118,569 | €128,660 | +€10,091 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,794 | €54,926 | +€131 | +0.2% |
| Other operating charges | 640/8 | €6,014 | €8,642 | +€2,629 | +43.7% |
| Gross operating margin | 9900 | €207,415 | €201,981 | -€5,435 | -2.6% |
| Operating profit (loss) | 9901 | €28,038 | €9,753 | -€18,285 | -65.2% |
| Financial income | 75/76B | €864 | €0 | -€863 | -99.9% |
| Recurring financial income | 75 | €864 | €0 | -€863 | -99.9% |
| Financial charges | 65/66B | €10,431 | €9,820 | -€610 | -5.9% |
| Recurring financial charges | 65 | €10,431 | €9,820 | -€610 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €18,471 | -€67 | -€18,538 | |
| Income taxes | 67/77 | €8,108 | €4,870 | -€3,238 | -39.9% |
| Profit (loss) for the period | 9904 | €10,364 | -€4,937 | -€15,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,364 | -€4,937 | -€15,300 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.