RELAES AIRTECHNICS: what changed
What changed
RELAES AIRTECHNICS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€33,290
2024 · €5,790+€27,500
Equity
€83,348
2024 · €50,057+€33,290
Cash
€61,228
2024 · €61,836-€608
Balance sheet total
€160,493
2024 · €82,890+€77,603
Largest movements
Assets
- Tangible fixed assets +€45,107
up €45,107 (+520%), from €8,681 to €53,788
of which Leasing and similar rights: +€42,532
- Receivables within one year +€36,015
up €36,015 (+415%), from €8,677 to €44,692
of which Trade receivables: +€34,913
- Stocks and contracts -€3,080
down €3,080 (-100%), from €3,080 to €0
Equity and liabilities
- Reserves +€33,290
up €33,290 (+88.4%), from €37,657 to €70,948
of which Distributable reserves: +€33,290
- Debts after one year +€27,463
up €27,463, from €0 to €27,463
- Current portion of long-term debt +€15,816
up €15,816 (+309%), from €5,121 to €20,937
- Tax, wage and social debts +€9,188
up €9,188 (+64.4%), from €14,260 to €23,448
- Trade debts -€7,571
down €7,571 (-59.9%), from €12,636 to €5,065
Income statement
- Gross operating margin +€42,692
up €42,692 (+233%), from €18,289 to €60,981
- Taxes +€14,577
up €14,577 (+570%), from €2,556 to €17,133
- Depreciation +€1,291
up €1,291 (+17.6%), from €7,357 to €8,649
- Financial charges -€866
down €866 (-68.0%), from €1,273 to €407
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,790
Gross operating margin
+€42,692
Depreciation
-€1,291
Other operating charges
-€189
Financial income
-€1
Financial charges
+€866
Taxes
-€14,577
Result 2025
€33,290
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,869
Investment
-€53,756
Financing
+€43,279
Cash 2024
€61,836
From operations (derived)
+€9,869
Net result for the year
+€33,290
Depreciation
+€8,649
Stocks and contracts
+€3,080
Receivables within one year
-€36,015
Deferred charges and accrued income
-€169
Trade debts
-€7,571
Tax, wage and social debts
+€9,188
Other debts
-€679
Accrued charges and deferred income
+€96
Investment (derived)
-€53,756
Investment in fixed assets (net)
-€53,756
Financing
+€43,279
Debts after one year
+€27,463
Current portion of long-term debt
+€15,816
Cash 2025
€61,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,890 | €160,493 | +€77,603 | +93.6% |
| Fixed assets | 21/28 | €8,681 | €53,788 | +€45,107 | +520% |
| Tangible fixed assets | 22/27 | €8,681 | €53,788 | +€45,107 | +520% |
| Plant, machinery and equipment | 23 | €1,985 | €835 | -€1,150 | -57.9% |
| Furniture and vehicles | 24 | €1,711 | €5,437 | +€3,726 | +218% |
| Leasing and similar rights | 25 | €4,985 | €47,516 | +€42,532 | +853% |
| Current assets | 29/58 | €74,209 | €106,705 | +€32,496 | +43.8% |
| Stocks and contracts in progress | 3 | €3,080 | €0 | -€3,080 | -100% |
| Stocks | 30/36 | €3,080 | €0 | -€3,080 | -100% |
| Amounts receivable within one year | 40/41 | €8,677 | €44,692 | +€36,015 | +415% |
| Trade receivables | 40 | €150 | €35,063 | +€34,913 | +23,275% |
| Other amounts receivable | 41 | €8,527 | €9,629 | +€1,102 | +12.9% |
| Cash at bank and in hand | 54/58 | €61,836 | €61,228 | -€608 | -1.0% |
| Deferred charges and accrued income | 490/1 | €616 | €785 | +€169 | +27.5% |
| Total equity and liabilities | 10/49 | €82,890 | €160,493 | +€77,603 | +93.6% |
| Equity | 10/15 | €50,057 | €83,348 | +€33,290 | +66.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,657 | €70,948 | +€33,290 | +88.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,797 | €69,088 | +€33,290 | +93.0% |
| Amounts payable | 17/49 | €32,833 | €77,146 | +€44,313 | +135% |
| Amounts payable after more than one year | 17 | €0 | €27,463 | +€27,463 | |
| Financial debts | 170/4 | €0 | €27,463 | +€27,463 | |
| Amounts payable within one year | 42/48 | €32,833 | €49,587 | +€16,754 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €5,121 | €20,937 | +€15,816 | +309% |
| Trade debts | 44 | €12,636 | €5,065 | -€7,571 | -59.9% |
| Suppliers | 440/4 | €12,636 | €5,065 | -€7,571 | -59.9% |
| Taxes, remuneration and social security | 45 | €14,260 | €23,448 | +€9,188 | +64.4% |
| Taxes | 450/3 | €14,260 | €23,448 | +€9,188 | +64.4% |
| Other amounts payable | 47/48 | €815 | €136 | -€679 | -83.3% |
| Accrued charges and deferred income | 492/3 | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,357 | €8,649 | +€1,291 | +17.6% |
| Other operating charges | 640/8 | €1,314 | €1,502 | +€189 | +14.4% |
| Gross operating margin | 9900 | €18,289 | €60,981 | +€42,692 | +233% |
| Operating profit (loss) | 9901 | €9,618 | €50,830 | +€41,212 | +429% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,273 | €407 | -€866 | -68.0% |
| Recurring financial charges | 65 | €1,273 | €407 | -€866 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €8,346 | €50,423 | +€42,077 | +504% |
| Income taxes | 67/77 | €2,556 | €17,133 | +€14,577 | +570% |
| Profit (loss) for the period | 9904 | €5,790 | €33,290 | +€27,500 | +475% |
| Profit (loss) for the period to be appropriated | 9905 | €5,790 | €33,290 | +€27,500 | +475% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.