RELARC&Co: 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.
RELARC&Co
Largest movements
- Receivables within one year +€92,597
up €92,597 (+21.5%), from €431,533 to €524,130
of which Trade receivables: +€51,927
- Stocks and contracts +€27,136
up €27,136 (+84.4%), from €32,133 to €59,269
- Cash -€17,336
down €17,336 (-98.4%), from €17,619 to €284
mainly Receivables within one year (-€92,597) and Stocks and contracts (-€27,136)
- Intangible fixed assets -€15,700
down €15,700 (-11.1%), from €140,846 to €125,146
- Profit (loss) carried forward +€44,795
up €44,795 (+47.8%), from €93,751 to €138,546
- Trade debts +€30,193
up €30,193 (+47.5%), from €63,614 to €93,807
- Other debts +€11,000
up €11,000 (+2.6%), from €430,000 to €441,000
- Gross operating margin +€57,182
up €57,182 (+230%), from €24,867 to €82,049
- Depreciation +€11,359
up €11,359 (+226%), from €5,025 to €16,385
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 | €623,691 | €709,679 | +€85,988 | +13.8% |
| Fixed assets | 21/28 | €142,357 | €125,972 | -€16,385 | -11.5% |
| Intangible fixed assets | 21 | €140,846 | €125,146 | -€15,700 | -11.1% |
| Tangible fixed assets | 22/27 | €1,510 | €825 | -€685 | -45.3% |
| Plant, machinery and equipment | 23 | €1,510 | €825 | -€685 | -45.3% |
| Current assets | 29/58 | €481,334 | €583,707 | +€102,372 | +21.3% |
| Stocks and contracts in progress | 3 | €32,133 | €59,269 | +€27,136 | +84.4% |
| Stocks | 30/36 | €32,133 | €59,269 | +€27,136 | +84.4% |
| Amounts receivable within one year | 40/41 | €431,533 | €524,130 | +€92,597 | +21.5% |
| Trade receivables | 40 | €298,207 | €350,134 | +€51,927 | +17.4% |
| Other amounts receivable | 41 | €133,327 | €173,996 | +€40,670 | +30.5% |
| Cash at bank and in hand | 54/58 | €17,619 | €284 | -€17,336 | -98.4% |
| Deferred charges and accrued income | 490/1 | €49 | €25 | -€25 | -50.0% |
| Total equity and liabilities | 10/49 | €623,691 | €709,679 | +€85,988 | +13.8% |
| Equity | 10/15 | €115,751 | €160,546 | +€44,795 | +38.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,751 | €138,546 | +€44,795 | +47.8% |
| Amounts payable | 17/49 | €507,940 | €549,133 | +€41,193 | +8.1% |
| Amounts payable within one year | 42/48 | €507,940 | €549,133 | +€41,193 | +8.1% |
| Trade debts | 44 | €63,614 | €93,807 | +€30,193 | +47.5% |
| Suppliers | 440/4 | €63,614 | €93,807 | +€30,193 | +47.5% |
| Advances received on contracts in progress | 46 | €14,326 | €14,326 | = | 0.0% |
| Other amounts payable | 47/48 | €430,000 | €441,000 | +€11,000 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,025 | €16,385 | +€11,359 | +226% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €24,867 | €82,049 | +€57,182 | +230% |
| Operating profit (loss) | 9901 | €19,313 | €65,121 | +€45,807 | +237% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.1% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.1% |
| Financial charges | 65/66B | €237 | €326 | +€89 | +37.5% |
| Recurring financial charges | 65 | €237 | €326 | +€89 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €19,081 | €64,795 | +€45,714 | +240% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €19,079 | €64,795 | +€45,715 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €19,079 | €64,795 | +€45,715 | +240% |
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 17 October 2026 via checked.be.