Relato: 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.
Relato
Largest movements
- Receivables within one year -€6,421
down €6,421 (-85.5%), from €7,511 to €1,090
- Deferred charges and accrued income +€5,174
up €5,174 (+216.4%), from €2,391 to €7,565
- Tangible fixed assets +€3,915
up €3,915 (+5.7%), from €68,792 to €72,707
of which Other tangible fixed assets: +€5,324
- Current investments +€3,000
up €3,000 (+80.0%), from €3,750 to €6,750
- Intangible fixed assets -€2,250
down €2,250 (-13.1%), from €17,211 to €14,961
- Reserves +€45,075
new in 2025: €45,075
- Profit (loss) carried forward -€35,466
no longer reported in 2025 (was €35,466)
- Debts after one year -€6,915
down €6,915 (-10.5%), from €65,593 to €58,678
- Other debts +€2,833
up €2,833 (+25.6%), from €11,082 to €13,914
- Current portion of long-term debt -€1,874
down €1,874 (-21.3%), from €8,788 to €6,915
- Depreciation -€9,890
down €9,890 (-57.1%), from €17,308 to €7,417
- Gross operating margin -€2,927
down €2,927 (-10.8%), from €27,023 to €24,096
- Taxes +€2,280
up €2,280 (+418.1%), from €545 to €2,825
- Financial charges +€877
up €877 (+26.0%), from €3,380 to €4,257
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 | €125,980 | €128,869 | +€2,889 | +2.3% |
| Fixed assets | 21/28 | €86,003 | €87,668 | +€1,665 | +1.9% |
| Intangible fixed assets | 21 | €17,211 | €14,961 | -€2,250 | -13.1% |
| Tangible fixed assets | 22/27 | €68,792 | €72,707 | +€3,915 | +5.7% |
| Plant, machinery and equipment | 23 | €250 | - | -€250 | |
| Furniture and vehicles | 24 | €4,112 | €2,953 | -€1,159 | -28.2% |
| Other tangible fixed assets | 26 | €64,430 | €69,754 | +€5,324 | +8.3% |
| Current assets | 29/58 | €39,977 | €41,201 | +€1,224 | +3.1% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,511 | €1,090 | -€6,421 | -85.5% |
| Other amounts receivable | 41 | €7,511 | €1,090 | -€6,421 | -85.5% |
| Current investments | 50/53 | €3,750 | €6,750 | +€3,000 | +80.0% |
| Cash at bank and in hand | 54/58 | €6,324 | €5,796 | -€528 | -8.4% |
| Deferred charges and accrued income | 490/1 | €2,391 | €7,565 | +€5,174 | +216.4% |
| Total equity and liabilities | 10/49 | €125,980 | €128,869 | +€2,889 | +2.3% |
| Equity | 10/15 | €38,466 | €48,075 | +€9,609 | +25.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €45,075 | +€45,075 | |
| Distributable reserves | 133 | - | €45,075 | +€45,075 | |
| Profit (loss) carried forward | 14 | €35,466 | - | -€35,466 | |
| Amounts payable | 17/49 | €87,514 | €80,795 | -€6,719 | -7.7% |
| Amounts payable after more than one year | 17 | €65,593 | €58,678 | -€6,915 | -10.5% |
| Financial debts | 170/4 | €65,593 | €58,678 | -€6,915 | -10.5% |
| Amounts payable within one year | 42/48 | €21,248 | €21,114 | -€134 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,788 | €6,915 | -€1,874 | -21.3% |
| Trade debts | 44 | €1,378 | €285 | -€1,093 | -79.3% |
| Suppliers | 440/4 | €1,378 | €285 | -€1,093 | -79.3% |
| Other amounts payable | 47/48 | €11,082 | €13,914 | +€2,833 | +25.6% |
| Accrued charges and deferred income | 492/3 | €673 | €1,003 | +€329 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,308 | €7,417 | -€9,890 | -57.1% |
| Other operating charges | 640/8 | €513 | €545 | +€32 | +6.2% |
| Gross operating margin | 9900 | €27,023 | €24,096 | -€2,927 | -10.8% |
| Operating profit (loss) | 9901 | €9,202 | €16,134 | +€6,932 | +75.3% |
| Financial income | 75/76B | €500 | €557 | +€57 | +11.5% |
| Recurring financial income | 75 | €500 | €557 | +€57 | +11.5% |
| Financial charges | 65/66B | €3,380 | €4,257 | +€877 | +26.0% |
| Recurring financial charges | 65 | €3,380 | €4,257 | +€877 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €6,322 | €12,434 | +€6,112 | +96.7% |
| Income taxes | 67/77 | €545 | €2,825 | +€2,280 | +418.1% |
| Profit (loss) for the period | 9904 | €5,777 | €9,609 | +€3,832 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,777 | €9,609 | +€3,832 | +66.3% |
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 12 October 2026 via checked.be.