Relax: 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.
Relax
Largest movements
- Tangible fixed assets +€3,145
up €3,145 (+2.2%), from €140,403 to €143,548
of which Furniture and vehicles: +€15,928
- Cash -€2,126
down €2,126 (-16.2%), from €13,164 to €11,038
mainly Investment in fixed assets (net) (-€20,674) and Debts after one year (-€10,951)
- Debts after one year -€10,951
down €10,951 (-8.2%), from €134,017 to €123,066
- Other debts +€10,781
up €10,781 (+33.4%), from €32,294 to €43,076
- Trade debts +€3,215
up €3,215 (+370.2%), from €868 to €4,083
- Depreciation +€3,218
up €3,218 (+22.5%), from €14,311 to €17,530
- Gross operating margin -€2,029
down €2,029 (-8.5%), from €23,774 to €21,745
- Staff costs +€1,170
up €1,170 (+447.7%), from €261 to €1,431
- Financial charges -€293
down €293 (-7.4%), from €3,954 to €3,661
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 | €153,639 | €155,416 | +€1,777 | +1.2% |
| Fixed assets | 21/28 | €140,403 | €143,548 | +€3,145 | +2.2% |
| Tangible fixed assets | 22/27 | €140,403 | €143,548 | +€3,145 | +2.2% |
| Land and buildings | 22 | €107,315 | €100,462 | -€6,853 | -6.4% |
| Plant, machinery and equipment | 23 | €33,088 | €27,158 | -€5,930 | -17.9% |
| Furniture and vehicles | 24 | - | €15,928 | +€15,928 | |
| Current assets | 29/58 | €13,236 | €11,868 | -€1,368 | -10.3% |
| Amounts receivable within one year | 40/41 | €73 | €831 | +€758 | +1044.2% |
| Trade receivables | 40 | €73 | €94 | +€21 | +29.2% |
| Other amounts receivable | 41 | - | €737 | +€737 | |
| Cash at bank and in hand | 54/58 | €13,164 | €11,038 | -€2,126 | -16.2% |
| Total equity and liabilities | 10/49 | €153,639 | €155,416 | +€1,777 | +1.2% |
| Equity | 10/15 | -€24,329 | -€25,870 | -€1,541 | -6.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,329 | -€28,870 | -€1,541 | -5.6% |
| Amounts payable | 17/49 | €177,968 | €181,286 | +€3,318 | +1.9% |
| Amounts payable after more than one year | 17 | €134,017 | €123,066 | -€10,951 | -8.2% |
| Financial debts | 170/4 | €134,017 | €123,066 | -€10,951 | -8.2% |
| Amounts payable within one year | 42/48 | €43,951 | €58,220 | +€14,269 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €10,655 | €10,951 | +€296 | +2.8% |
| Trade debts | 44 | €868 | €4,083 | +€3,215 | +370.2% |
| Suppliers | 440/4 | €868 | €4,083 | +€3,215 | +370.2% |
| Taxes, remuneration and social security | 45 | €133 | €110 | -€23 | -17.1% |
| Taxes | 450/3 | €133 | €110 | -€23 | -17.1% |
| Other amounts payable | 47/48 | €32,294 | €43,076 | +€10,781 | +33.4% |
| Remuneration, social security and pensions | 62 | €261 | €1,431 | +€1,170 | +447.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,311 | €17,530 | +€3,218 | +22.5% |
| Other operating charges | 640/8 | €762 | €783 | +€21 | +2.7% |
| Gross operating margin | 9900 | €23,774 | €21,745 | -€2,029 | -8.5% |
| Operating profit (loss) | 9901 | €8,439 | €2,001 | -€6,438 | -76.3% |
| Financial income | 75/76B | €50 | €236 | +€186 | +370.8% |
| Recurring financial income | 75 | €50 | €236 | +€186 | +370.8% |
| Financial charges | 65/66B | €3,954 | €3,661 | -€293 | -7.4% |
| Recurring financial charges | 65 | €3,954 | €3,661 | -€293 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €4,535 | -€1,424 | -€5,959 | |
| Income taxes | 67/77 | - | €117 | +€117 | |
| Profit (loss) for the period | 9904 | €4,535 | -€1,541 | -€6,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,535 | -€1,541 | -€6,076 |
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 10 October 2026 via checked.be.