REALYA: 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.
What changed
REALYA
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,209
2024 · €16,007-€10,797
Equity
€94,835
2024 · €89,626+€5,209
Cash
€566,555
2024 · €136,547+€430,008
Balance sheet total
€15.0m
2024 · €13.5m+€1.5m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+10.2%), from €11.0m to €12.1m
- Cash +€430,008
up €430,008 (+315%), from €136,547 to €566,555
mainly Debts after one year (+€1.9m) and Short-term financial debts (+€934,908)
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+35.2%), from €5.4m to €7.3m
- Accrued charges and deferred income -€986,985
down €986,985 (-98.8%), from €998,985 to €12,000
- Short-term financial debts +€934,908
up €934,908 (+14.2%), from €6.6m to €7.5m
- Trade debts -€411,244
down €411,244 (-89.7%), from €458,311 to €47,067
Income statement
- Financial charges +€148,212
up €148,212 (+48.2%), from €307,261 to €455,473
- Gross operating margin +€122,243
up €122,243 (+29.7%), from €410,923 to €533,166
- Other operating charges -€21,247
down €21,247 (-44.5%), from €47,779 to €26,532
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.
Result 2024
€16,007
Gross operating margin
+€122,243
Staff costs
-€5,324
Depreciation
-€471
Other operating charges
+€21,247
Financial income
-€293
Financial charges
-€148,212
Taxes
+€12
Result 2025
€5,209
raises the resultlowers the result
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.
From operations
-€2.4m
Investment
-€9,345
Financing
+€2.8m
Cash 2024
€136,547
From operations (derived)
-€2.4m
Net result for the year
+€5,209
Depreciation
+€13,362
Stocks and contracts
-€1.1m
Receivables within one year
+€92,481
Deferred charges and accrued income
+€443
Trade debts
-€411,244
Tax, wage and social debts
+€12,388
Accrued charges and deferred income
-€986,985
Investment (derived)
-€9,345
Investment in fixed assets (net)
-€9,345
Financing
+€2.8m
Debts after one year
+€1.9m
Current portion of long-term debt
+€205
Short-term financial debts
+€934,908
Cash 2025
€566,555
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,527,782 | €14,982,201 | +€1.5m | +10.8% |
| Fixed assets | 21/28 | €211,372 | €207,355 | -€4,017 | -1.9% |
| Intangible fixed assets | 21 | - | €7,451 | +€7,451 | |
| Tangible fixed assets | 22/27 | €211,372 | €199,904 | -€11,468 | -5.4% |
| Land and buildings | 22 | €210,081 | €198,407 | -€11,674 | -5.6% |
| Furniture and vehicles | 24 | €1,291 | €1,498 | +€206 | +16.0% |
| Current assets | 29/58 | €13,316,409 | €14,774,846 | +€1.5m | +11.0% |
| Stocks and contracts in progress | 3 | €10,967,454 | €12,088,806 | +€1.1m | +10.2% |
| Stocks | 30/36 | €10,967,454 | €12,088,806 | +€1.1m | +10.2% |
| Amounts receivable within one year | 40/41 | €2,198,742 | €2,106,260 | -€92,481 | -4.2% |
| Trade receivables | 40 | €1,449,100 | €1,349,800 | -€99,300 | -6.9% |
| Other amounts receivable | 41 | €749,642 | €756,460 | +€6,819 | +0.9% |
| Cash at bank and in hand | 54/58 | €136,547 | €566,555 | +€430,008 | +315% |
| Deferred charges and accrued income | 490/1 | €13,667 | €13,225 | -€443 | -3.2% |
| Total equity and liabilities | 10/49 | €13,527,782 | €14,982,201 | +€1.5m | +10.8% |
| Equity | 10/15 | €89,626 | €94,835 | +€5,209 | +5.8% |
| Contributions | 10/11 | €76,400 | €76,400 | = | 0.0% |
| Capital | 10 | €76,400 | €76,400 | = | 0.0% |
| Issued capital | 100 | €76,400 | €76,400 | = | 0.0% |
| Reserves | 13 | €7,640 | €7,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,640 | €7,640 | = | 0.0% |
| Legal reserve | 130 | €7,640 | €7,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,586 | €10,795 | +€5,209 | +93.3% |
| Amounts payable | 17/49 | €13,438,156 | €14,887,366 | +€1.4m | +10.8% |
| Amounts payable after more than one year | 17 | €5,403,205 | €7,303,143 | +€1.9m | +35.2% |
| Financial debts | 170/4 | €5,403,205 | €7,303,143 | +€1.9m | +35.2% |
| Amounts payable within one year | 42/48 | €7,035,966 | €7,572,223 | +€536,257 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €9,857 | €10,062 | +€205 | +2.1% |
| Financial debts | 43 | €6,563,881 | €7,498,789 | +€934,908 | +14.2% |
| Credit institutions | 430/8 | €6,563,881 | €7,498,789 | +€934,908 | +14.2% |
| Trade debts | 44 | €458,311 | €47,067 | -€411,244 | -89.7% |
| Suppliers | 440/4 | €458,311 | €47,067 | -€411,244 | -89.7% |
| Taxes, remuneration and social security | 45 | €3,916 | €16,305 | +€12,388 | +316% |
| Taxes | 450/3 | €2,507 | €10,933 | +€8,426 | +336% |
| Remuneration and social security | 454/9 | €1,409 | €5,372 | +€3,963 | +281% |
| Accrued charges and deferred income | 492/3 | €998,985 | €12,000 | -€986,985 | -98.8% |
| Non-recurring operating income | 76A | - | €709,185 | +€709,185 | |
| Remuneration, social security and pensions | 62 | €27,428 | €32,751 | +€5,324 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,891 | €13,362 | +€471 | +3.7% |
| Other operating charges | 640/8 | €47,779 | €26,532 | -€21,247 | -44.5% |
| Gross operating margin | 9900 | €410,923 | €533,166 | +€122,243 | +29.7% |
| Operating profit (loss) | 9901 | €322,826 | €460,521 | +€137,695 | +42.7% |
| Financial income | 75/76B | €454 | €161 | -€293 | -64.5% |
| Recurring financial income | 75 | €454 | €161 | -€293 | -64.5% |
| Financial charges | 65/66B | €307,261 | €455,473 | +€148,212 | +48.2% |
| Recurring financial charges | 65 | €307,261 | €455,473 | +€148,212 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €16,019 | €5,209 | -€10,809 | -67.5% |
| Income taxes | 67/77 | €12 | €0 | -€12 | -100% |
| Profit (loss) for the period | 9904 | €16,007 | €5,209 | -€10,797 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,007 | €5,209 | -€10,797 | -67.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.