RELANCE: 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.
RELANCE
Largest movements
- Stocks and contracts +€266,025
up €266,025 (+543.2%), from €48,975 to €315,000
- Tangible fixed assets -€183,161
no longer reported in 2025 (was €183,161)
- Receivables within one year +€69,223
up €69,223 (+6427.4%), from €1,077 to €70,300
- Cash -€7,629
down €7,629 (-36.0%), from €21,204 to €13,575
mainly Stocks and contracts (-€266,025) and Receivables within one year (-€69,223)
- Other debts +€89,781
up €89,781 (+57.8%), from €155,219 to €245,000
- Profit (loss) carried forward +€65,617
up €65,617 (+6426.7%), from €1,021 to €66,638
- Trade debts -€16,478
down €16,478 (-99.8%), from €16,504 to €26
- Tax, wage and social debts +€5,538
new in 2025: €5,538
- Gross operating margin +€85,553
up €85,553, from -€2,654 to €82,899
- Taxes +€17,000
new in 2025: €17,000
- Other operating charges -€1,322
down €1,322 (-91.1%), from €1,451 to €129
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 | €254,417 | €398,875 | +€144,458 | +56.8% |
| Fixed assets | 21/28 | €183,161 | - | -€183,161 | |
| Tangible fixed assets | 22/27 | €183,161 | - | -€183,161 | |
| Land and buildings | 22 | €183,161 | - | -€183,161 | |
| Current assets | 29/58 | €71,256 | €398,875 | +€327,619 | +459.8% |
| Stocks and contracts in progress | 3 | €48,975 | €315,000 | +€266,025 | +543.2% |
| Stocks | 30/36 | €48,975 | €315,000 | +€266,025 | +543.2% |
| Amounts receivable within one year | 40/41 | €1,077 | €70,300 | +€69,223 | +6427.4% |
| Other amounts receivable | 41 | €1,077 | €70,300 | +€69,223 | +6427.4% |
| Cash at bank and in hand | 54/58 | €21,204 | €13,575 | -€7,629 | -36.0% |
| Total equity and liabilities | 10/49 | €254,417 | €398,875 | +€144,458 | +56.8% |
| Equity | 10/15 | €82,694 | €148,311 | +€65,617 | +79.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,273 | €69,273 | = | 0.0% |
| 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 | €67,413 | €67,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,021 | €66,638 | +€65,617 | +6426.7% |
| Amounts payable | 17/49 | €171,723 | €250,564 | +€78,841 | +45.9% |
| Amounts payable within one year | 42/48 | €171,723 | €250,564 | +€78,841 | +45.9% |
| Trade debts | 44 | €16,504 | €26 | -€16,478 | -99.8% |
| Suppliers | 440/4 | €16,504 | €26 | -€16,478 | -99.8% |
| Taxes, remuneration and social security | 45 | - | €5,538 | +€5,538 | |
| Taxes | 450/3 | - | €5,538 | +€5,538 | |
| Other amounts payable | 47/48 | €155,219 | €245,000 | +€89,781 | +57.8% |
| Other operating charges | 640/8 | €1,451 | €129 | -€1,322 | -91.1% |
| Gross operating margin | 9900 | -€2,654 | €82,899 | +€85,553 | |
| Operating profit (loss) | 9901 | -€4,105 | €82,770 | +€86,875 | |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,258 | €82,617 | +€86,875 | |
| Income taxes | 67/77 | - | €17,000 | +€17,000 | |
| Profit (loss) for the period | 9904 | -€4,258 | €65,617 | +€69,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,258 | €65,617 | +€69,875 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.