REART: 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.
REART
Largest movements
- Cash +€14,462
up €14,462 (+259%), from €5,587 to €20,049
mainly Net result for the year (+€22,906) and Depreciation (+€3,156)
- Tangible fixed assets +€5,503
up €5,503 (+29.5%), from €18,672 to €24,176
of which Plant, machinery and equipment: +€5,267
- Profit (loss) carried forward +€22,906
up €22,906 (+41.3%), from -€55,438 to -€32,532
- Other debts -€3,240
down €3,240 (-10.6%), from €30,703 to €27,464
- Tax, wage and social debts +€671
up €671 (+112%), from €599 to €1,270
- Gross operating margin +€2,007
up €2,007 (+8.1%), from €24,886 to €26,893
- Depreciation +€548
up €548 (+21.0%), from €2,608 to €3,156
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 | €42,566 | €62,550 | +€19,984 | +46.9% |
| Fixed assets | 21/28 | €18,672 | €24,176 | +€5,503 | +29.5% |
| Tangible fixed assets | 22/27 | €18,672 | €24,176 | +€5,503 | +29.5% |
| Plant, machinery and equipment | 23 | €530 | €5,797 | +€5,267 | +994% |
| Furniture and vehicles | 24 | €778 | €502 | -€276 | -35.4% |
| Other tangible fixed assets | 26 | €17,365 | €17,877 | +€512 | +2.9% |
| Current assets | 29/58 | €23,894 | €38,375 | +€14,481 | +60.6% |
| Amounts receivable within one year | 40/41 | €18,045 | €17,979 | -€66 | -0.4% |
| Trade receivables | 40 | €16,902 | €17,979 | +€1,077 | +6.4% |
| Other amounts receivable | 41 | €1,143 | - | -€1,143 | |
| Cash at bank and in hand | 54/58 | €5,587 | €20,049 | +€14,462 | +259% |
| Deferred charges and accrued income | 490/1 | €262 | €347 | +€85 | +32.3% |
| Total equity and liabilities | 10/49 | €42,566 | €62,550 | +€19,984 | +46.9% |
| Equity | 10/15 | €9,522 | €32,428 | +€22,906 | +241% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €56,900 | €56,900 | = | 0.0% |
| Distributable reserves | 133 | €56,900 | €56,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,438 | -€32,532 | +€22,906 | +41.3% |
| Amounts payable | 17/49 | €33,044 | €30,122 | -€2,922 | -8.8% |
| Amounts payable within one year | 42/48 | €33,044 | €30,122 | -€2,922 | -8.8% |
| Financial debts | 43 | €993 | €993 | = | 0.0% |
| Credit institutions | 430/8 | €993 | €993 | = | 0.0% |
| Trade debts | 44 | €749 | €396 | -€354 | -47.2% |
| Suppliers | 440/4 | €749 | €396 | -€354 | -47.2% |
| Taxes, remuneration and social security | 45 | €599 | €1,270 | +€671 | +112% |
| Taxes | 450/3 | €599 | €1,270 | +€671 | +112% |
| Other amounts payable | 47/48 | €30,703 | €27,464 | -€3,240 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,608 | €3,156 | +€548 | +21.0% |
| Other operating charges | 640/8 | €384 | €400 | +€15 | +4.0% |
| Gross operating margin | 9900 | €24,886 | €26,893 | +€2,007 | +8.1% |
| Operating profit (loss) | 9901 | €21,893 | €23,337 | +€1,444 | +6.6% |
| Financial income | 75/76B | - | €141 | +€141 | |
| Recurring financial income | 75 | - | €141 | +€141 | |
| Financial charges | 65/66B | €130 | €253 | +€122 | +94.2% |
| Recurring financial charges | 65 | €130 | €253 | +€122 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €21,763 | €23,225 | +€1,462 | +6.7% |
| Income taxes | 67/77 | €305 | €319 | +€15 | +4.8% |
| Profit (loss) for the period | 9904 | €21,458 | €22,906 | +€1,448 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,458 | €22,906 | +€1,448 | +6.7% |
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 17 October 2026 via checked.be.