Realtes: 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.
Realtes
Largest movements
- Tangible fixed assets +€21,669
up €21,669 (+3.0%), from €726,694 to €748,363
of which Land and buildings: +€22,655
- Short-term financial debts +€90,000
new in 2025: €90,000
- Trade debts -€52,284
down €52,284 (-64.7%), from €80,807 to €28,523
- Debts after one year -€20,000
down €20,000 (-14.5%), from €138,333 to €118,333
- Tax, wage and social debts -€17,129
down €17,129 (-49.3%), from €34,722 to €17,593
of which Taxes: -€17,518
- Other debts +€9,482
up €9,482 (+15.4%), from €61,552 to €71,034
- Gross operating margin -€18,279
down €18,279 (-17.7%), from €103,020 to €84,741
- Depreciation +€7,662
up €7,662 (+25.6%), from €29,910 to €37,572
- Financial charges -€6,092
down €6,092 (-41.2%), from €14,791 to €8,698
- Taxes -€5,693
down €5,693 (-73.0%), from €7,804 to €2,111
- Other operating charges -€1,966
down €1,966 (-51.4%), from €3,826 to €1,860
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 | €766,685 | €781,062 | +€14,377 | +1.9% |
| Fixed assets | 21/28 | €726,694 | €748,363 | +€21,669 | +3.0% |
| Tangible fixed assets | 22/27 | €726,694 | €748,363 | +€21,669 | +3.0% |
| Land and buildings | 22 | €714,208 | €736,863 | +€22,655 | +3.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €12,486 | €11,500 | -€986 | -7.9% |
| Current assets | 29/58 | €39,992 | €32,700 | -€7,292 | -18.2% |
| Amounts receivable within one year | 40/41 | €25,051 | €22,178 | -€2,873 | -11.5% |
| Trade receivables | 40 | €22,855 | €19,982 | -€2,873 | -12.6% |
| Other amounts receivable | 41 | €2,196 | €2,196 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,377 | €8,277 | -€5,100 | -38.1% |
| Deferred charges and accrued income | 490/1 | €1,563 | €2,245 | +€682 | +43.6% |
| Total equity and liabilities | 10/49 | €766,685 | €781,062 | +€14,377 | +1.9% |
| Equity | 10/15 | €431,020 | €435,579 | +€4,559 | +1.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €421,020 | €425,579 | +€4,559 | +1.1% |
| Distributable reserves | 133 | €421,020 | €425,579 | +€4,559 | +1.1% |
| Amounts payable | 17/49 | €335,665 | €345,483 | +€9,818 | +2.9% |
| Amounts payable after more than one year | 17 | €138,333 | €118,333 | -€20,000 | -14.5% |
| Financial debts | 170/4 | €138,333 | €118,333 | -€20,000 | -14.5% |
| Amounts payable within one year | 42/48 | €197,081 | €227,150 | +€30,069 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 43 | - | €90,000 | +€90,000 | |
| Credit institutions | 430/8 | - | €90,000 | +€90,000 | |
| Trade debts | 44 | €80,807 | €28,523 | -€52,284 | -64.7% |
| Suppliers | 440/4 | €80,807 | €28,523 | -€52,284 | -64.7% |
| Taxes, remuneration and social security | 45 | €34,722 | €17,593 | -€17,129 | -49.3% |
| Taxes | 450/3 | €27,590 | €10,072 | -€17,518 | -63.5% |
| Remuneration and social security | 454/9 | €7,132 | €7,521 | +€389 | +5.5% |
| Other amounts payable | 47/48 | €61,552 | €71,034 | +€9,482 | +15.4% |
| Accrued charges and deferred income | 492/3 | €251 | €0 | -€251 | -100% |
| Remuneration, social security and pensions | 62 | €28,596 | €29,940 | +€1,345 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,910 | €37,572 | +€7,662 | +25.6% |
| Other operating charges | 640/8 | €3,826 | €1,860 | -€1,966 | -51.4% |
| Gross operating margin | 9900 | €103,020 | €84,741 | -€18,279 | -17.7% |
| Operating profit (loss) | 9901 | €40,688 | €15,368 | -€25,320 | -62.2% |
| Financial income | 75/76B | €547 | €0 | -€547 | -100% |
| Recurring financial income | 75 | €547 | €0 | -€547 | -100% |
| Financial charges | 65/66B | €14,791 | €8,698 | -€6,092 | -41.2% |
| Recurring financial charges | 65 | €14,791 | €8,698 | -€6,092 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €26,444 | €6,670 | -€19,775 | -74.8% |
| Income taxes | 67/77 | €7,804 | €2,111 | -€5,693 | -73.0% |
| Profit (loss) for the period | 9904 | €18,641 | €4,559 | -€14,081 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,641 | €4,559 | -€14,081 | -75.5% |
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 30 October 2026 via checked.be.