Realteam: 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.
Realteam
Largest movements
- Tangible fixed assets -€106,949
down €106,949 (-4.5%), from €2.4m to €2.3m
of which Land and buildings: -€64,699
- Accrued charges and deferred income -€118,703
down €118,703 (-17.0%), from €700,220 to €581,516
- Profit (loss) carried forward +€45,104
up €45,104 (+42.5%), from €106,167 to €151,271
- Debts after one year -€43,427
down €43,427 (-9.1%), from €478,826 to €435,399
- Gross operating margin +€102,931
up €102,931 (+87.6%), from €117,546 to €220,477
- Depreciation +€54,670
up €54,670 (+58.2%), from €93,925 to €148,595
- Financial charges +€7,378
up €7,378 (+90.3%), from €8,170 to €15,548
- Other operating charges +€2,984
up €2,984 (+36.2%), from €8,246 to €11,230
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 | €2,418,463 | €2,302,161 | -€116,302 | -4.8% |
| Fixed assets | 21/28 | €2,388,312 | €2,281,364 | -€106,949 | -4.5% |
| Tangible fixed assets | 22/27 | €2,388,312 | €2,281,364 | -€106,949 | -4.5% |
| Land and buildings | 22 | €1,896,934 | €1,832,235 | -€64,699 | -3.4% |
| Other tangible fixed assets | 26 | €491,378 | €449,129 | -€42,249 | -8.6% |
| Current assets | 29/58 | €30,151 | €20,798 | -€9,353 | -31.0% |
| Amounts receivable within one year | 40/41 | €7,784 | €14,500 | +€6,717 | +86.3% |
| Other amounts receivable | 41 | €7,784 | €14,500 | +€6,717 | +86.3% |
| Cash at bank and in hand | 54/58 | €22,367 | €6,237 | -€16,131 | -72.1% |
| Deferred charges and accrued income | 490/1 | €0 | €61 | +€61 | |
| Total equity and liabilities | 10/49 | €2,418,463 | €2,302,161 | -€116,302 | -4.8% |
| Equity | 10/15 | €1,124,167 | €1,169,271 | +€45,104 | +4.0% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Revaluation surpluses | 12 | €216,000 | €216,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,167 | €151,271 | +€45,104 | +42.5% |
| Amounts payable | 17/49 | €1,294,296 | €1,132,890 | -€161,405 | -12.5% |
| Amounts payable after more than one year | 17 | €478,826 | €435,399 | -€43,427 | -9.1% |
| Financial debts | 170/4 | €478,826 | €435,399 | -€43,427 | -9.1% |
| Amounts payable within one year | 42/48 | €115,250 | €115,975 | +€724 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €42,337 | €43,427 | +€1,089 | +2.6% |
| Trade debts | 44 | €13,045 | €13,548 | +€503 | +3.9% |
| Suppliers | 440/4 | €13,045 | €13,548 | +€503 | +3.9% |
| Advances received on contracts in progress | 46 | €868 | - | -€868 | |
| Other amounts payable | 47/48 | €59,000 | €59,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €700,220 | €581,516 | -€118,703 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,925 | €148,595 | +€54,670 | +58.2% |
| Other operating charges | 640/8 | €8,246 | €11,230 | +€2,984 | +36.2% |
| Gross operating margin | 9900 | €117,546 | €220,477 | +€102,931 | +87.6% |
| Operating profit (loss) | 9901 | €15,375 | €60,652 | +€45,277 | +294% |
| Financial charges | 65/66B | €8,170 | €15,548 | +€7,378 | +90.3% |
| Recurring financial charges | 65 | €8,170 | €15,548 | +€7,378 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €7,205 | €45,104 | +€37,899 | +526% |
| Income taxes | 67/77 | €2,046 | €0 | -€2,046 | -100% |
| Profit (loss) for the period | 9904 | €5,159 | €45,104 | +€39,945 | +774% |
| Profit (loss) for the period to be appropriated | 9905 | €5,159 | €45,104 | +€39,945 | +774% |
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 24 October 2026 via checked.be.