Realtech: 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.
Realtech
Largest movements
- Cash +€30,973
up €30,973 (+33.4%), from €92,759 to €123,732
mainly Net result for the year (+€54,310) and Depreciation (+€4,217)
- Receivables within one year +€10,434
up €10,434 (+60.0%), from €17,397 to €27,831
of which Trade receivables: +€13,189
- Tangible fixed assets -€4,217
down €4,217 (-30.2%), from €13,955 to €9,738
- Reserves +€37,795
up €37,795 (+34.3%), from €110,297 to €148,092
- Other debts -€1,684
no longer reported in 2025 (was €1,684)
- Gross operating margin +€10,005
up €10,005 (+14.2%), from €70,502 to €80,507
- Taxes +€2,780
up €2,780 (+14.7%), from €18,888 to €21,668
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 | €125,018 | €162,216 | +€37,198 | +29.8% |
| Fixed assets | 21/28 | €13,955 | €9,738 | -€4,217 | -30.2% |
| Tangible fixed assets | 22/27 | €13,955 | €9,738 | -€4,217 | -30.2% |
| Furniture and vehicles | 24 | €13,955 | €9,738 | -€4,217 | -30.2% |
| Current assets | 29/58 | €111,064 | €152,478 | +€41,415 | +37.3% |
| Amounts receivable within one year | 40/41 | €17,397 | €27,831 | +€10,434 | +60.0% |
| Trade receivables | 40 | €12,800 | €25,989 | +€13,189 | +103.0% |
| Other amounts receivable | 41 | €4,597 | €1,843 | -€2,755 | -59.9% |
| Cash at bank and in hand | 54/58 | €92,759 | €123,732 | +€30,973 | +33.4% |
| Deferred charges and accrued income | 490/1 | €907 | €915 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €125,018 | €162,216 | +€37,198 | +29.8% |
| Equity | 10/15 | €122,897 | €160,692 | +€37,795 | +30.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €110,297 | €148,092 | +€37,795 | +34.3% |
| Distributable reserves | 133 | €110,297 | €148,092 | +€37,795 | +34.3% |
| Amounts payable | 17/49 | €2,122 | €1,524 | -€597 | -28.2% |
| Amounts payable within one year | 42/48 | €2,122 | €1,524 | -€597 | -28.2% |
| Trade debts | 44 | €401 | - | -€401 | |
| Suppliers | 440/4 | €401 | - | -€401 | |
| Taxes, remuneration and social security | 45 | €37 | €1,524 | +€1,488 | +4046.0% |
| Taxes | 450/3 | €37 | €1,524 | +€1,488 | +4046.0% |
| Other amounts payable | 47/48 | €1,684 | - | -€1,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,119 | €4,217 | +€98 | +2.4% |
| Other operating charges | 640/8 | €831 | €728 | -€104 | -12.5% |
| Gross operating margin | 9900 | €70,502 | €80,507 | +€10,005 | +14.2% |
| Operating profit (loss) | 9901 | €65,552 | €75,563 | +€10,010 | +15.3% |
| Financial income | 75/76B | - | €612 | +€612 | |
| Recurring financial income | 75 | - | €612 | +€612 | |
| Financial charges | 65/66B | €174 | €196 | +€22 | +12.9% |
| Recurring financial charges | 65 | €174 | €196 | +€22 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €65,378 | €75,978 | +€10,600 | +16.2% |
| Income taxes | 67/77 | €18,888 | €21,668 | +€2,780 | +14.7% |
| Profit (loss) for the period | 9904 | €46,490 | €54,310 | +€7,820 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,490 | €54,310 | +€7,820 | +16.8% |
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 3 October 2026 via checked.be.