REALNOV: 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.
REALNOV
Largest movements
- Receivables within one year -€68,870
down €68,870 (-48.2%), from €142,975 to €74,105
of which Trade receivables: -€84,861
- Stocks and contracts +€20,000
new in 2025: €20,000
- Tangible fixed assets -€13,318
down €13,318 (-20.9%), from €63,742 to €50,424
of which Furniture and vehicles: -€12,547
- Cash +€10,796
up €10,796 (+41.8%), from €25,821 to €36,616
mainly Receivables within one year (+€68,870) and Depreciation (+€13,318)
- Deferred charges and accrued income -€3,130
down €3,130 (-24.5%), from €12,760 to €9,630
- Trade debts -€51,308
down €51,308 (-71.2%), from €72,025 to €20,717
- Debts after one year -€9,348
down €9,348 (-24.2%), from €38,583 to €29,235
- Reserves +€3,900
up €3,900 (+3.4%), from €113,504 to €117,404
of which Distributable reserves: +€3,900
- Depreciation +€11,227
up €11,227 (+537%), from €2,091 to €13,318
- Staff costs +€9,378
up €9,378 (+23.2%), from €40,423 to €49,801
- Taxes -€5,449
down €5,449 (-80.0%), from €6,809 to €1,361
- Gross operating margin +€3,686
up €3,686 (+5.4%), from €68,584 to €72,270
- Financial charges +€1,109
up €1,109 (+68.2%), from €1,626 to €2,735
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 | €245,645 | €191,122 | -€54,523 | -22.2% |
| Fixed assets | 21/28 | €64,089 | €50,770 | -€13,318 | -20.8% |
| Tangible fixed assets | 22/27 | €63,742 | €50,424 | -€13,318 | -20.9% |
| Plant, machinery and equipment | 23 | €1,862 | €1,091 | -€771 | -41.4% |
| Furniture and vehicles | 24 | €61,880 | €49,333 | -€12,547 | -20.3% |
| Financial fixed assets | 28 | €346 | €346 | = | 0.0% |
| Current assets | 29/58 | €181,556 | €140,352 | -€41,204 | -22.7% |
| Stocks and contracts in progress | 3 | - | €20,000 | +€20,000 | |
| Stocks | 30/36 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €142,975 | €74,105 | -€68,870 | -48.2% |
| Trade receivables | 40 | €97,590 | €12,730 | -€84,861 | -87.0% |
| Other amounts receivable | 41 | €45,385 | €61,376 | +€15,991 | +35.2% |
| Cash at bank and in hand | 54/58 | €25,821 | €36,616 | +€10,796 | +41.8% |
| Deferred charges and accrued income | 490/1 | €12,760 | €9,630 | -€3,130 | -24.5% |
| Total equity and liabilities | 10/49 | €245,645 | €191,122 | -€54,523 | -22.2% |
| Equity | 10/15 | €119,704 | €123,604 | +€3,900 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,504 | €117,404 | +€3,900 | +3.4% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €111,704 | €115,604 | +€3,900 | +3.5% |
| Amounts payable | 17/49 | €125,941 | €67,518 | -€58,423 | -46.4% |
| Amounts payable after more than one year | 17 | €38,583 | €29,235 | -€9,348 | -24.2% |
| Financial debts | 170/4 | €38,583 | €29,235 | -€9,348 | -24.2% |
| Amounts payable within one year | 42/48 | €87,358 | €38,283 | -€49,075 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €11,522 | €11,848 | +€325 | +2.8% |
| Trade debts | 44 | €72,025 | €20,717 | -€51,308 | -71.2% |
| Suppliers | 440/4 | €72,025 | €20,717 | -€51,308 | -71.2% |
| Taxes, remuneration and social security | 45 | €3,811 | €5,718 | +€1,907 | +50.1% |
| Taxes | 450/3 | €1,789 | €1,500 | -€289 | -16.2% |
| Remuneration and social security | 454/9 | €2,021 | €4,218 | +€2,197 | +109% |
| Non-recurring operating income | 76A | - | €5,430 | +€5,430 | |
| Remuneration, social security and pensions | 62 | €40,423 | €49,801 | +€9,378 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,091 | €13,318 | +€11,227 | +537% |
| Other operating charges | 640/8 | €2,077 | €1,155 | -€922 | -44.4% |
| Gross operating margin | 9900 | €68,584 | €72,270 | +€3,686 | +5.4% |
| Operating profit (loss) | 9901 | €23,993 | €7,996 | -€15,997 | -66.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,626 | €2,735 | +€1,109 | +68.2% |
| Recurring financial charges | 65 | €1,626 | €2,735 | +€1,109 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €22,367 | €5,261 | -€17,106 | -76.5% |
| Income taxes | 67/77 | €6,809 | €1,361 | -€5,449 | -80.0% |
| Profit (loss) for the period | 9904 | €15,557 | €3,900 | -€11,657 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,557 | €3,900 | -€11,657 | -74.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.