REALIZE-IT: 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.
REALIZE-IT
Largest movements
- Receivables within one year -€13,232
down €13,232 (-34.2%), from €38,715 to €25,483
of which Other amounts receivable: -€13,241
- Tangible fixed assets -€8,184
down €8,184 (-43.5%), from €18,824 to €10,640
- Current investments +€6,000
up €6,000 (+6.4%), from €93,644 to €99,644
- Profit (loss) carried forward -€17,759
down €17,759 (-150.2%), from -€11,827 to -€29,586
- Trade debts +€6,220
up €6,220 (+106.0%), from €5,869 to €12,089
- Other debts -€3,071
down €3,071 (-21.7%), from €14,122 to €11,051
- Tax, wage and social debts -€2,501
down €2,501 (-24.0%), from €10,404 to €7,903
of which Taxes: -€2,495
- Gross operating margin -€5,963
down €5,963, from €2,708 to -€3,255
- Taxes +€3,471
up €3,471 (+190.8%), from €1,819 to €5,289
- Depreciation -€2,764
down €2,764 (-25.2%), from €10,948 to €8,184
- Financial income +€800
up €800 (+66.2%), from €1,208 to €2,008
- Financial charges +€572
up €572 (+190.2%), from €301 to €872
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 | €203,622 | €186,511 | -€17,111 | -8.4% |
| Fixed assets | 21/28 | €18,824 | €10,640 | -€8,184 | -43.5% |
| Tangible fixed assets | 22/27 | €18,824 | €10,640 | -€8,184 | -43.5% |
| Land and buildings | 22 | €3,708 | €295 | -€3,413 | -92.0% |
| Plant, machinery and equipment | 23 | €4,525 | €3,315 | -€1,210 | -26.7% |
| Furniture and vehicles | 24 | €10,591 | €7,030 | -€3,562 | -33.6% |
| Current assets | 29/58 | €184,798 | €175,871 | -€8,926 | -4.8% |
| Amounts receivable within one year | 40/41 | €38,715 | €25,483 | -€13,232 | -34.2% |
| Trade receivables | 40 | €25,474 | €25,483 | +€9 | 0.0% |
| Other amounts receivable | 41 | €13,241 | - | -€13,241 | |
| Current investments | 50/53 | €93,644 | €99,644 | +€6,000 | +6.4% |
| Cash at bank and in hand | 54/58 | €50,799 | €49,569 | -€1,230 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,639 | €1,175 | -€464 | -28.3% |
| Total equity and liabilities | 10/49 | €203,622 | €186,511 | -€17,111 | -8.4% |
| Equity | 10/15 | €173,227 | €155,468 | -€17,759 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €178,854 | €178,854 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €19,088 | €19,088 | = | 0.0% |
| Distributable reserves | 133 | €157,907 | €157,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,827 | -€29,586 | -€17,759 | -150.2% |
| Amounts payable | 17/49 | €30,395 | €31,043 | +€648 | +2.1% |
| Amounts payable within one year | 42/48 | €30,395 | €31,043 | +€648 | +2.1% |
| Trade debts | 44 | €5,869 | €12,089 | +€6,220 | +106.0% |
| Suppliers | 440/4 | €5,869 | €12,089 | +€6,220 | +106.0% |
| Taxes, remuneration and social security | 45 | €10,404 | €7,903 | -€2,501 | -24.0% |
| Taxes | 450/3 | €10,398 | €7,903 | -€2,495 | -24.0% |
| Remuneration and social security | 454/9 | €5 | - | -€5 | |
| Other amounts payable | 47/48 | €14,122 | €11,051 | -€3,071 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,948 | €8,184 | -€2,764 | -25.2% |
| Other operating charges | 640/8 | €2,676 | €2,166 | -€510 | -19.1% |
| Gross operating margin | 9900 | €2,708 | -€3,255 | -€5,963 | |
| Operating profit (loss) | 9901 | -€10,916 | -€13,605 | -€2,689 | -24.6% |
| Financial income | 75/76B | €1,208 | €2,008 | +€800 | +66.2% |
| Recurring financial income | 75 | €1,208 | €2,008 | +€800 | +66.2% |
| Financial charges | 65/66B | €301 | €872 | +€572 | +190.2% |
| Recurring financial charges | 65 | €301 | €872 | +€572 | +190.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,008 | -€12,470 | -€2,461 | -24.6% |
| Income taxes | 67/77 | €1,819 | €5,289 | +€3,471 | +190.8% |
| Profit (loss) for the period | 9904 | -€11,827 | -€17,759 | -€5,932 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,827 | -€17,759 | -€5,932 | -50.2% |
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 11 October 2026 via checked.be.