REALPA: 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.
REALPA
Largest movements
- Tangible fixed assets -€35,175
down €35,175 (-5.2%), from €682,640 to €647,465
of which Land and buildings: -€32,850
- Cash +€10,490
up €10,490 (+207%), from €5,057 to €15,547
mainly Other debts (+€46,171) and Depreciation (+€35,175)
- Other debts +€46,171
up €46,171 (+77.6%), from €59,468 to €105,639
- Debts after one year -€36,453
down €36,453 (-9.1%), from €401,461 to €365,008
- Profit (loss) carried forward -€28,399
down €28,399 (-36.0%), from €78,843 to €50,444
- Depreciation -€746
down €746 (-2.1%), from €35,921 to €35,175
- Financial charges -€518
down €518 (-6.9%), from €7,559 to €7,041
- Other operating charges +€221
up €221 (+4.7%), from €4,658 to €4,879
- Gross operating margin -€219
down €219 (-1.1%), from €19,335 to €19,115
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 | €690,832 | €669,111 | -€21,721 | -3.1% |
| Fixed assets | 21/28 | €682,640 | €647,465 | -€35,175 | -5.2% |
| Tangible fixed assets | 22/27 | €682,640 | €647,465 | -€35,175 | -5.2% |
| Land and buildings | 22 | €671,250 | €638,400 | -€32,850 | -4.9% |
| Furniture and vehicles | 24 | €11,390 | €9,065 | -€2,325 | -20.4% |
| Current assets | 29/58 | €8,192 | €21,646 | +€13,454 | +164% |
| Amounts receivable within one year | 40/41 | €2,988 | €2,988 | = | 0.0% |
| Trade receivables | 40 | €391 | €391 | = | 0.0% |
| Other amounts receivable | 41 | €2,598 | €2,598 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,057 | €15,547 | +€10,490 | +207% |
| Deferred charges and accrued income | 490/1 | €147 | €3,111 | +€2,963 | +2,009% |
| Total equity and liabilities | 10/49 | €690,832 | €669,111 | -€21,721 | -3.1% |
| Equity | 10/15 | €157,966 | €129,567 | -€28,399 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,523 | €60,523 | = | 0.0% |
| Distributable reserves | 133 | €60,523 | €60,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,843 | €50,444 | -€28,399 | -36.0% |
| Amounts payable | 17/49 | €532,866 | €539,544 | +€6,678 | +1.3% |
| Amounts payable after more than one year | 17 | €401,461 | €365,008 | -€36,453 | -9.1% |
| Financial debts | 170/4 | €401,461 | €365,008 | -€36,453 | -9.1% |
| Amounts payable within one year | 42/48 | €126,830 | €174,536 | +€47,706 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €65,685 | €68,403 | +€2,717 | +4.1% |
| Trade debts | 44 | €761 | €17 | -€744 | -97.7% |
| Suppliers | 440/4 | €761 | €17 | -€744 | -97.7% |
| Taxes, remuneration and social security | 45 | €915 | €477 | -€438 | -47.9% |
| Taxes | 450/3 | €915 | €477 | -€438 | -47.9% |
| Other amounts payable | 47/48 | €59,468 | €105,639 | +€46,171 | +77.6% |
| Accrued charges and deferred income | 492/3 | €4,575 | - | -€4,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,921 | €35,175 | -€746 | -2.1% |
| Other operating charges | 640/8 | €4,658 | €4,879 | +€221 | +4.7% |
| Gross operating margin | 9900 | €19,335 | €19,115 | -€219 | -1.1% |
| Operating profit (loss) | 9901 | -€21,244 | -€20,938 | +€306 | +1.4% |
| Financial charges | 65/66B | €7,559 | €7,041 | -€518 | -6.9% |
| Recurring financial charges | 65 | €7,559 | €7,041 | -€518 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,803 | -€27,979 | +€824 | +2.9% |
| Income taxes | 67/77 | €447 | €420 | -€27 | -6.0% |
| Profit (loss) for the period | 9904 | -€29,250 | -€28,399 | +€851 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,250 | -€28,399 | +€851 | +2.9% |
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 14 October 2026 via checked.be.