Realiseren: 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.
Realiseren
Largest movements
- Cash +€29,954
up €29,954 (+17.3%), from €172,761 to €202,715
mainly Net result for the year (+€8,663) and Receivables within one year (+€7,863)
- Receivables within one year -€7,863
down €7,863 (-62.5%), from €12,581 to €4,718
of which Other amounts receivable: -€6,330
- Tangible fixed assets -€6,855
down €6,855 (-25.3%), from €27,058 to €20,202
of which Furniture and vehicles: -€7,523
- Deferred charges and accrued income -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Reserves +€8,663
up €8,663 (+4.2%), from €204,479 to €213,143
- Gross operating margin -€11,011
down €11,011 (-34.3%), from €32,108 to €21,097
- Taxes -€1,823
down €1,823 (-29.9%), from €6,104 to €4,280
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 | €232,400 | €242,635 | +€10,235 | +4.4% |
| Fixed assets | 21/28 | €37,058 | €30,202 | -€6,855 | -18.5% |
| Tangible fixed assets | 22/27 | €27,058 | €20,202 | -€6,855 | -25.3% |
| Plant, machinery and equipment | 23 | €102 | €770 | +€668 | +655% |
| Furniture and vehicles | 24 | €25,661 | €18,138 | -€7,523 | -29.3% |
| Other tangible fixed assets | 26 | €1,295 | €1,295 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €195,342 | €212,433 | +€17,090 | +8.7% |
| Amounts receivable within one year | 40/41 | €12,581 | €4,718 | -€7,863 | -62.5% |
| Trade receivables | 40 | €3,635 | €2,102 | -€1,533 | -42.2% |
| Other amounts receivable | 41 | €8,946 | €2,616 | -€6,330 | -70.8% |
| Cash at bank and in hand | 54/58 | €172,761 | €202,715 | +€29,954 | +17.3% |
| Deferred charges and accrued income | 490/1 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Total equity and liabilities | 10/49 | €232,400 | €242,635 | +€10,235 | +4.4% |
| Equity | 10/15 | €231,426 | €240,090 | +€8,663 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €204,479 | €213,143 | +€8,663 | +4.2% |
| Distributable reserves | 133 | €204,479 | €213,143 | +€8,663 | +4.2% |
| Profit (loss) carried forward | 14 | €14,547 | €14,547 | = | 0.0% |
| Amounts payable | 17/49 | €974 | €2,545 | +€1,571 | +161% |
| Amounts payable within one year | 42/48 | €974 | €2,545 | +€1,571 | +161% |
| Trade debts | 44 | €159 | €163 | +€4 | +2.2% |
| Suppliers | 440/4 | €159 | €163 | +€4 | +2.2% |
| Taxes, remuneration and social security | 45 | €814 | €2,381 | +€1,567 | +192% |
| Taxes | 450/3 | €814 | €2,381 | +€1,567 | +192% |
| Other amounts payable | 47/48 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €7,696 | -€197 | -2.5% |
| Other operating charges | 640/8 | €472 | €400 | -€73 | -15.4% |
| Gross operating margin | 9900 | €32,108 | €21,097 | -€11,011 | -34.3% |
| Operating profit (loss) | 9901 | €23,743 | €13,001 | -€10,742 | -45.2% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | - | €57 | +€57 | |
| Recurring financial charges | 65 | - | €57 | +€57 | |
| Profit (loss) for the period before taxes | 9903 | €23,748 | €12,944 | -€10,804 | -45.5% |
| Income taxes | 67/77 | €6,104 | €4,280 | -€1,823 | -29.9% |
| Profit (loss) for the period | 9904 | €17,644 | €8,663 | -€8,981 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,644 | €8,663 | -€8,981 | -50.9% |
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 29 October 2026 via checked.be.