RELA: 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.
RELA
Largest movements
- Cash +€6,687
up €6,687 (+62.8%), from €10,652 to €17,339
mainly Net result for the year (+€6,144) and Depreciation (+€535)
- Profit (loss) carried forward +€6,144
up €6,144 (+4.7%), from -€131,867 to -€125,723
- Gross operating margin +€226
up €226 (+2.1%), from €10,536 to €10,761
- Other operating charges +€121
up €121 (+3.1%), from €3,917 to €4,038
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 | €58,030 | €64,182 | +€6,152 | +10.6% |
| Fixed assets | 21/28 | €47,378 | €46,843 | -€535 | -1.1% |
| Tangible fixed assets | 22/27 | €47,378 | €46,843 | -€535 | -1.1% |
| Land and buildings | 22 | €47,378 | €46,843 | -€535 | -1.1% |
| Current assets | 29/58 | €10,652 | €17,339 | +€6,687 | +62.8% |
| Cash at bank and in hand | 54/58 | €10,652 | €17,339 | +€6,687 | +62.8% |
| Total equity and liabilities | 10/49 | €58,030 | €64,182 | +€6,152 | +10.6% |
| Equity | 10/15 | €57,766 | €63,910 | +€6,144 | +10.6% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €78,081 | €78,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,904 | €3,904 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,904 | €3,904 | = | 0.0% |
| Distributable reserves | 133 | €74,177 | €74,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,867 | -€125,723 | +€6,144 | +4.7% |
| Amounts payable | 17/49 | €264 | €272 | +€8 | +3.1% |
| Amounts payable within one year | 42/48 | €264 | €272 | +€8 | +3.1% |
| Trade debts | 44 | €264 | €272 | +€8 | +3.1% |
| Suppliers | 440/4 | €264 | €272 | +€8 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €535 | = | 0.0% |
| Other operating charges | 640/8 | €3,917 | €4,038 | +€121 | +3.1% |
| Gross operating margin | 9900 | €10,536 | €10,761 | +€226 | +2.1% |
| Operating profit (loss) | 9901 | €6,084 | €6,189 | +€105 | +1.7% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €6,040 | €6,144 | +€103 | +1.7% |
| Profit (loss) for the period | 9904 | €6,040 | €6,144 | +€103 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,040 | €6,144 | +€103 | +1.7% |
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 29 September 2026 via checked.be.