REAX: 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.
REAX
Largest movements
- Receivables within one year -€37,191
down €37,191 (-49.3%), from €75,406 to €38,215
of which Other amounts receivable: -€34,291
- Tangible fixed assets +€5,821
up €5,821 (+389.3%), from €1,495 to €7,316
of which Other tangible fixed assets: +€6,249
- Deferred charges and accrued income -€1,953
down €1,953 (-94.4%), from €2,070 to €117
- Profit (loss) carried forward -€40,671
no longer reported in 2025 (was €40,671)
- Trade debts +€12,446
up €12,446 (+907.9%), from €1,371 to €13,817
- Tax, wage and social debts -€4,011
down €4,011 (-41.0%), from €9,788 to €5,777
- Other debts -€1,291
down €1,291 (-5.5%), from €23,529 to €22,239
- Gross operating margin +€2,812
up €2,812 (+3.8%), from €74,594 to €77,406
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 | €86,085 | €52,559 | -€33,526 | -38.9% |
| Fixed assets | 21/28 | €3,295 | €9,116 | +€5,821 | +176.6% |
| Tangible fixed assets | 22/27 | €1,495 | €7,316 | +€5,821 | +389.3% |
| Furniture and vehicles | 24 | €1,495 | €1,067 | -€428 | -28.6% |
| Other tangible fixed assets | 26 | - | €6,249 | +€6,249 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €82,790 | €43,443 | -€39,347 | -47.5% |
| Amounts receivable within one year | 40/41 | €75,406 | €38,215 | -€37,191 | -49.3% |
| Trade receivables | 40 | €37,500 | €34,600 | -€2,900 | -7.7% |
| Other amounts receivable | 41 | €37,906 | €3,615 | -€34,291 | -90.5% |
| Cash at bank and in hand | 54/58 | €5,314 | €5,112 | -€202 | -3.8% |
| Deferred charges and accrued income | 490/1 | €2,070 | €117 | -€1,953 | -94.4% |
| Total equity and liabilities | 10/49 | €86,085 | €52,559 | -€33,526 | -38.9% |
| Equity | 10/15 | €49,971 | €9,300 | -€40,671 | -81.4% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,671 | - | -€40,671 | |
| Amounts payable | 17/49 | €36,114 | €43,259 | +€7,145 | +19.8% |
| Amounts payable within one year | 42/48 | €36,114 | €43,259 | +€7,145 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €1,426 | €1,427 | +€0 | 0.0% |
| Trade debts | 44 | €1,371 | €13,817 | +€12,446 | +907.9% |
| Suppliers | 440/4 | €1,371 | €13,817 | +€12,446 | +907.9% |
| Taxes, remuneration and social security | 45 | €9,788 | €5,777 | -€4,011 | -41.0% |
| Taxes | 450/3 | €9,788 | €5,777 | -€4,011 | -41.0% |
| Other amounts payable | 47/48 | €23,529 | €22,239 | -€1,291 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €1,022 | -€141 | -12.1% |
| Other operating charges | 640/8 | €1,681 | €1,545 | -€136 | -8.1% |
| Gross operating margin | 9900 | €74,594 | €77,406 | +€2,812 | +3.8% |
| Operating profit (loss) | 9901 | €71,751 | €74,839 | +€3,088 | +4.3% |
| Financial income | 75/76B | €1,314 | €1,116 | -€199 | -15.1% |
| Recurring financial income | 75 | €1,314 | €1,116 | -€199 | -15.1% |
| Financial charges | 65/66B | €1,059 | €822 | -€237 | -22.4% |
| Recurring financial charges | 65 | €1,059 | €822 | -€237 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €72,006 | €75,133 | +€3,127 | +4.3% |
| Income taxes | 67/77 | €16,752 | €17,024 | +€272 | +1.6% |
| Profit (loss) for the period | 9904 | €55,254 | €58,109 | +€2,855 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,254 | €58,109 | +€2,855 | +5.2% |
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 8 October 2026 via checked.be.