REALPA: 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.
REALPA
Largest movements
- Current investments +€169,939
up €169,939 (+48.6%), from €350,000 to €519,939
- Cash -€169,655
down €169,655 (-29.0%), from €585,183 to €415,527
mainly Current investments (-€169,939) and Receivables within one year (-€37,571)
- Receivables within one year +€37,571
up €37,571 (+179.4%), from €20,937 to €58,508
- Reserves +€20,399
up €20,399 (+58.3%), from €35,000 to €55,399
- Financial income +€12,391
up €12,391 (+81.2%), from €15,253 to €27,644
- Taxes +€9,343
up €9,343 (+1038152.2%), from €1 to €9,344
- Gross operating margin +€910
up €910 (+19.6%), from -€4,646 to -€3,737
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 | €956,119 | €993,974 | +€37,855 | +4.0% |
| Formation expenses | 20 | - | €0 | = | |
| Current assets | 29/58 | €956,119 | €993,974 | +€37,855 | +4.0% |
| Amounts receivable within one year | 40/41 | €20,937 | €58,508 | +€37,571 | +179.4% |
| Other amounts receivable | 41 | €20,937 | €58,508 | +€37,571 | +179.4% |
| Current investments | 50/53 | €350,000 | €519,939 | +€169,939 | +48.6% |
| Cash at bank and in hand | 54/58 | €585,183 | €415,527 | -€169,655 | -29.0% |
| Total equity and liabilities | 10/49 | €956,119 | €993,974 | +€37,855 | +4.0% |
| Equity | 10/15 | €956,063 | €985,399 | +€29,336 | +3.1% |
| Contributions | 10/11 | €930,000 | €930,000 | = | 0.0% |
| Capital | 10 | €930,000 | - | -€930,000 | |
| Issued capital | 100 | €930,000 | - | -€930,000 | |
| Reserves | 13 | €35,000 | €55,399 | +€20,399 | +58.3% |
| Distributable reserves | 133 | €35,000 | €55,399 | +€20,399 | +58.3% |
| Profit (loss) carried forward | 14 | -€8,937 | €0 | +€8,937 | |
| Amounts payable | 17/49 | €57 | €8,575 | +€8,518 | +15058.1% |
| Amounts payable within one year | 42/48 | €57 | €8,575 | +€8,518 | +15058.1% |
| Trade debts | 44 | €57 | €0 | -€57 | -100.0% |
| Suppliers | 440/4 | €57 | €0 | -€57 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €8,575 | +€8,575 | |
| Taxes | 450/3 | - | €8,575 | +€8,575 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€4,646 | -€3,737 | +€910 | +19.6% |
| Operating profit (loss) | 9901 | -€5,614 | -€4,735 | +€879 | +15.7% |
| Financial income | 75/76B | €15,253 | €27,644 | +€12,391 | +81.2% |
| Recurring financial income | 75 | €15,253 | €27,644 | +€12,391 | +81.2% |
| Financial charges | 65/66B | €38 | €48 | +€10 | +25.1% |
| Recurring financial charges | 65 | €38 | €48 | +€10 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €9,601 | €22,861 | +€13,260 | +138.1% |
| Income taxes | 67/77 | €1 | €9,344 | +€9,343 | +1038152.2% |
| Profit (loss) for the period | 9904 | €9,600 | €13,517 | +€3,917 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,600 | €13,517 | +€3,917 | +40.8% |
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 8 October 2026 via checked.be.