REILAN: 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.
REILAN
Largest movements
- Stocks and contracts -€408,052
down €408,052 (-100%), from €408,052 to €0
- Cash -€202,151
down €202,151 (-47.6%), from €425,046 to €222,895
mainly Contributions, distributions and other (-€265,882) and Other debts (-€195,227)
- Tangible fixed assets -€18,490
down €18,490 (-57.8%), from €31,994 to €13,503
of which Plant, machinery and equipment: -€9,664
- Receivables within one year +€13,708
up €13,708 (+126%), from €10,909 to €24,617
of which Trade receivables: +€9,461
- Reserves -€220,050
down €220,050 (-49.1%), from €448,586 to €228,536
- Other debts -€195,227
down €195,227 (-100%), from €195,227 to €0
- Trade debts -€146,078
down €146,078 (-95.5%), from €152,936 to €6,858
- Tax, wage and social debts -€51,822
down €51,822 (-88.4%), from €58,644 to €6,822
of which Taxes: -€34,720
- Gross operating margin -€276,595
down €276,595 (-72.8%), from €379,906 to €103,310
- Staff costs -€142,740
down €142,740 (-72.9%), from €195,762 to €53,022
- Taxes -€26,792
down €26,792 (-60.5%), from €44,307 to €17,515
- Financial income +€23,341
up €23,341 (+526%), from €4,437 to €27,778
of which Non-recurring financial income: +€27,661
- Financial charges -€6,045
down €6,045 (-79.5%), from €7,602 to €1,557
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 | €876,001 | €261,016 | -€614,985 | -70.2% |
| Fixed assets | 21/28 | €31,994 | €13,503 | -€18,490 | -57.8% |
| Tangible fixed assets | 22/27 | €31,994 | €13,503 | -€18,490 | -57.8% |
| Plant, machinery and equipment | 23 | €12,718 | €3,054 | -€9,664 | -76.0% |
| Furniture and vehicles | 24 | €19,275 | €10,449 | -€8,826 | -45.8% |
| Current assets | 29/58 | €844,007 | €247,512 | -€596,495 | -70.7% |
| Stocks and contracts in progress | 3 | €408,052 | €0 | -€408,052 | -100% |
| Stocks | 30/36 | €408,052 | €0 | -€408,052 | -100% |
| Amounts receivable within one year | 40/41 | €10,909 | €24,617 | +€13,708 | +126% |
| Trade receivables | 40 | €10,909 | €20,370 | +€9,461 | +86.7% |
| Other amounts receivable | 41 | - | €4,248 | +€4,248 | |
| Cash at bank and in hand | 54/58 | €425,046 | €222,895 | -€202,151 | -47.6% |
| Total equity and liabilities | 10/49 | €876,001 | €261,016 | -€614,985 | -70.2% |
| Equity | 10/15 | €467,186 | €247,136 | -€220,050 | -47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €448,586 | €228,536 | -€220,050 | -49.1% |
| Distributable reserves | 133 | €448,586 | €228,536 | -€220,050 | -49.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €408,815 | €13,880 | -€394,935 | -96.6% |
| Amounts payable within one year | 42/48 | €408,815 | €13,680 | -€395,135 | -96.7% |
| Current portion of amounts payable after more than one year | 42 | €2,008 | €0 | -€2,008 | -100% |
| Trade debts | 44 | €152,936 | €6,858 | -€146,078 | -95.5% |
| Suppliers | 440/4 | €152,936 | €6,858 | -€146,078 | -95.5% |
| Taxes, remuneration and social security | 45 | €58,644 | €6,822 | -€51,822 | -88.4% |
| Taxes | 450/3 | €41,542 | €6,822 | -€34,720 | -83.6% |
| Remuneration and social security | 454/9 | €17,102 | €0 | -€17,102 | -100% |
| Other amounts payable | 47/48 | €195,227 | €0 | -€195,227 | -100% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €195,762 | €53,022 | -€142,740 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,066 | €10,945 | -€4,121 | -27.4% |
| Other operating charges | 640/8 | €3,667 | €2,218 | -€1,449 | -39.5% |
| Gross operating margin | 9900 | €379,906 | €103,310 | -€276,595 | -72.8% |
| Operating profit (loss) | 9901 | €165,411 | €37,126 | -€128,286 | -77.6% |
| Financial income | 75/76B | €4,437 | €27,778 | +€23,341 | +526% |
| Recurring financial income | 75 | €4,437 | €117 | -€4,321 | -97.4% |
| Non-recurring financial income | 76B | - | €27,661 | +€27,661 | |
| Financial charges | 65/66B | €7,602 | €1,557 | -€6,045 | -79.5% |
| Recurring financial charges | 65 | €7,602 | €1,557 | -€6,045 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €162,247 | €63,347 | -€98,900 | -61.0% |
| Income taxes | 67/77 | €44,307 | €17,515 | -€26,792 | -60.5% |
| Profit (loss) for the period | 9904 | €117,940 | €45,832 | -€72,108 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,940 | €45,832 | -€72,108 | -61.1% |
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 13 October 2026 via checked.be.