Realstone: 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.
Realstone
Largest movements
- Tangible fixed assets +€341,580
up €341,580 (+43.9%), from €778,919 to €1.1m
of which Land and buildings: +€342,979
- Financial fixed assets +€273,074
up €273,074 (+5354.4%), from €5,100 to €278,174
- Debts after one year +€471,292
up €471,292 (+86.5%), from €545,150 to €1.0m
- Other debts +€369,167
up €369,167 (+13375.6%), from €2,760 to €371,927
- Profit (loss) carried forward -€290,610
down €290,610 (-99.6%), from €291,783 to €1,173
- Current portion of long-term debt +€46,141
up €46,141 (+130.3%), from €35,419 to €81,561
- Gross operating margin +€98,215
up €98,215 (+78.7%), from €124,807 to €223,023
- Depreciation +€50,652
up €50,652 (+184.0%), from €27,525 to €78,177
- Financial charges +€11,592
up €11,592 (+74.7%), from €15,516 to €27,107
- Taxes +€7,896
up €7,896 (+48.0%), from €16,463 to €24,359
- Other operating charges +€3,149
up €3,149 (+46.8%), from €6,735 to €9,884
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 | €924,012 | €1,523,408 | +€599,396 | +64.9% |
| Fixed assets | 21/28 | €784,019 | €1,398,673 | +€614,654 | +78.4% |
| Tangible fixed assets | 22/27 | €778,919 | €1,120,499 | +€341,580 | +43.9% |
| Land and buildings | 22 | €753,011 | €1,095,990 | +€342,979 | +45.5% |
| Furniture and vehicles | 24 | €1,223 | €699 | -€524 | -42.9% |
| Other tangible fixed assets | 26 | €24,684 | €23,809 | -€874 | -3.5% |
| Financial fixed assets | 28 | €5,100 | €278,174 | +€273,074 | +5354.4% |
| Current assets | 29/58 | €139,993 | €124,735 | -€15,258 | -10.9% |
| Amounts receivable within one year | 40/41 | €53,445 | €50,082 | -€3,363 | -6.3% |
| Trade receivables | 40 | €14,861 | €17,566 | +€2,706 | +18.2% |
| Other amounts receivable | 41 | €38,584 | €32,516 | -€6,069 | -15.7% |
| Cash at bank and in hand | 54/58 | €83,582 | €71,902 | -€11,679 | -14.0% |
| Deferred charges and accrued income | 490/1 | €2,966 | €2,750 | -€216 | -7.3% |
| Total equity and liabilities | 10/49 | €924,012 | €1,523,408 | +€599,396 | +64.9% |
| Equity | 10/15 | €327,650 | €37,040 | -€290,610 | -88.7% |
| Contributions | 10/11 | €34,600 | €34,600 | = | 0.0% |
| Reserves | 13 | €1,267 | €1,267 | = | 0.0% |
| Distributable reserves | 133 | €1,267 | €1,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,783 | €1,173 | -€290,610 | -99.6% |
| Amounts payable | 17/49 | €596,362 | €1,486,368 | +€890,006 | +149.2% |
| Amounts payable after more than one year | 17 | €545,150 | €1,016,442 | +€471,292 | +86.5% |
| Financial debts | 170/4 | €545,150 | €1,016,442 | +€471,292 | +86.5% |
| Amounts payable within one year | 42/48 | €47,808 | €464,812 | +€417,004 | +872.2% |
| Current portion of amounts payable after more than one year | 42 | €35,419 | €81,561 | +€46,141 | +130.3% |
| Trade debts | 44 | €8,316 | €9,756 | +€1,440 | +17.3% |
| Suppliers | 440/4 | €8,316 | €9,756 | +€1,440 | +17.3% |
| Taxes, remuneration and social security | 45 | €1,312 | €1,569 | +€256 | +19.5% |
| Taxes | 450/3 | €1,312 | €1,569 | +€256 | +19.5% |
| Other amounts payable | 47/48 | €2,760 | €371,927 | +€369,167 | +13375.6% |
| Accrued charges and deferred income | 492/3 | €3,404 | €5,114 | +€1,710 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,525 | €78,177 | +€50,652 | +184.0% |
| Other operating charges | 640/8 | €6,735 | €9,884 | +€3,149 | +46.8% |
| Non-recurring operating charges | 66A | €1,278 | - | -€1,278 | |
| Gross operating margin | 9900 | €124,807 | €223,023 | +€98,215 | +78.7% |
| Operating profit (loss) | 9901 | €89,269 | €134,962 | +€45,692 | +51.2% |
| Financial income | 75/76B | €633 | €895 | +€261 | +41.2% |
| Recurring financial income | 75 | €633 | €895 | +€261 | +41.2% |
| Financial charges | 65/66B | €15,516 | €27,107 | +€11,592 | +74.7% |
| Recurring financial charges | 65 | €15,516 | €27,107 | +€11,592 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €74,387 | €108,749 | +€34,362 | +46.2% |
| Income taxes | 67/77 | €16,463 | €24,359 | +€7,896 | +48.0% |
| Profit (loss) for the period | 9904 | €57,924 | €84,390 | +€26,466 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,924 | €84,390 | +€26,466 | +45.7% |
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 7 October 2026 via checked.be.