REALUP: 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.
REALUP
Largest movements
- Cash +€41,790
up €41,790 (+33.5%), from €124,604 to €166,394
mainly Net result for the year (+€45,841) and Other debts (+€14,438)
- Receivables within one year -€12,788
down €12,788 (-49.7%), from €25,751 to €12,964
- Other debts +€14,438
up €14,438 (+39.4%), from €36,636 to €51,073
- Tax, wage and social debts +€11,966
up €11,966 (+80.1%), from €14,932 to €26,898
- Gross operating margin +€22,168
up €22,168 (+48.1%), from €46,071 to €68,238
- Taxes +€3,830
up €3,830 (+37.5%), from €10,217 to €14,046
- Depreciation +€3,131
up €3,131 (+75.0%), from €4,176 to €7,307
- Other operating charges -€1,475
down €1,475 (-64.4%), from €2,290 to €815
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 | €175,531 | €203,075 | +€27,544 | +15.7% |
| Fixed assets | 21/28 | €24,146 | €22,156 | -€1,990 | -8.2% |
| Tangible fixed assets | 22/27 | €24,146 | €22,156 | -€1,990 | -8.2% |
| Furniture and vehicles | 24 | €17,715 | €17,110 | -€605 | -3.4% |
| Other tangible fixed assets | 26 | €6,431 | €5,046 | -€1,385 | -21.5% |
| Current assets | 29/58 | €151,385 | €180,919 | +€29,534 | +19.5% |
| Amounts receivable within one year | 40/41 | €25,751 | €12,964 | -€12,788 | -49.7% |
| Trade receivables | 40 | €25,751 | €12,964 | -€12,788 | -49.7% |
| Cash at bank and in hand | 54/58 | €124,604 | €166,394 | +€41,790 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,030 | €1,561 | +€531 | +51.6% |
| Total equity and liabilities | 10/49 | €175,531 | €203,075 | +€27,544 | +15.7% |
| Equity | 10/15 | €122,729 | €123,570 | +€841 | +0.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €114,000 | €114,000 | = | 0.0% |
| Distributable reserves | 133 | €114,000 | €114,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,729 | €5,570 | +€841 | +17.8% |
| Amounts payable | 17/49 | €52,802 | €79,505 | +€26,703 | +50.6% |
| Amounts payable within one year | 42/48 | €52,802 | €79,505 | +€26,703 | +50.6% |
| Trade debts | 44 | €1,235 | €1,533 | +€299 | +24.2% |
| Suppliers | 440/4 | €1,235 | €1,533 | +€299 | +24.2% |
| Taxes, remuneration and social security | 45 | €14,932 | €26,898 | +€11,966 | +80.1% |
| Taxes | 450/3 | €14,932 | €26,898 | +€11,966 | +80.1% |
| Other amounts payable | 47/48 | €36,636 | €51,073 | +€14,438 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,176 | €7,307 | +€3,131 | +75.0% |
| Other operating charges | 640/8 | €2,290 | €815 | -€1,475 | -64.4% |
| Gross operating margin | 9900 | €46,071 | €68,238 | +€22,168 | +48.1% |
| Operating profit (loss) | 9901 | €39,605 | €60,116 | +€20,512 | +51.8% |
| Financial charges | 65/66B | €473 | €229 | -€244 | -51.6% |
| Recurring financial charges | 65 | €473 | €229 | -€244 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €39,132 | €59,887 | +€20,756 | +53.0% |
| Income taxes | 67/77 | €10,217 | €14,046 | +€3,830 | +37.5% |
| Profit (loss) for the period | 9904 | €28,915 | €45,841 | +€16,926 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,915 | €45,841 | +€16,926 | +58.5% |
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 2 October 2026 via checked.be.