RELAX & ENJOY: 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 & ENJOY
Largest movements
- Tangible fixed assets -€22,896
down €22,896 (-4.6%), from €496,037 to €473,142
- Receivables within one year -€15,361
down €15,361 (-69.9%), from €21,982 to €6,621
of which Trade receivables: -€15,444
- Deferred charges and accrued income -€7,908
down €7,908 (-4.7%), from €169,480 to €161,572
- Debts after one year -€17,470
down €17,470 (-4.8%), from €366,022 to €348,552
- Trade debts -€14,499
down €14,499 (-90.1%), from €16,085 to €1,585
- Profit (loss) carried forward -€9,722
down €9,722 (-12.1%), from -€80,071 to -€89,793
- Accrued charges and deferred income -€8,743
down €8,743 (-4.2%), from €209,296 to €200,554
- Gross operating margin +€49,337
up €49,337, from -€5,796 to €43,540
- Other operating charges -€29,116
down €29,116 (-73.5%), from €39,626 to €10,509
- Financial income +€12,258
new in 2024: €12,258
of which Non-recurring financial income: +€10,593
- Financial charges +€10,197
up €10,197 (+120%), from €8,471 to €18,668
- Taxes +€4,359
up €4,359 (+2,597%), from €168 to €4,526
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €687,499 | €642,313 | -€45,186 | -6.6% |
| Fixed assets | 21/28 | €496,037 | €473,142 | -€22,896 | -4.6% |
| Tangible fixed assets | 22/27 | €496,037 | €473,142 | -€22,896 | -4.6% |
| Land and buildings | 22 | €240,232 | €229,838 | -€10,394 | -4.3% |
| Furniture and vehicles | 24 | €1,909 | - | -€1,909 | |
| Leasing and similar rights | 25 | €209,296 | €198,704 | -€10,593 | -5.1% |
| Other tangible fixed assets | 26 | €44,600 | €44,600 | = | 0.0% |
| Current assets | 29/58 | €191,462 | €169,171 | -€22,291 | -11.6% |
| Amounts receivable within one year | 40/41 | €21,982 | €6,621 | -€15,361 | -69.9% |
| Trade receivables | 40 | €19,867 | €4,423 | -€15,444 | -77.7% |
| Other amounts receivable | 41 | €2,116 | €2,198 | +€82 | +3.9% |
| Cash at bank and in hand | 54/58 | - | €978 | +€978 | |
| Deferred charges and accrued income | 490/1 | €169,480 | €161,572 | -€7,908 | -4.7% |
| Total equity and liabilities | 10/49 | €687,499 | €642,313 | -€45,186 | -6.6% |
| Equity | 10/15 | -€73,871 | -€83,593 | -€9,722 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,071 | -€89,793 | -€9,722 | -12.1% |
| Amounts payable | 17/49 | €761,370 | €725,906 | -€35,464 | -4.7% |
| Amounts payable after more than one year | 17 | €366,022 | €348,552 | -€17,470 | -4.8% |
| Financial debts | 170/4 | €366,022 | €348,552 | -€17,470 | -4.8% |
| Amounts payable within one year | 42/48 | €186,052 | €176,801 | -€9,251 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €16,659 | €17,470 | +€811 | +4.9% |
| Financial debts | 43 | €1,251 | - | -€1,251 | |
| Credit institutions | 430/8 | €1,251 | - | -€1,251 | |
| Trade debts | 44 | €16,085 | €1,585 | -€14,499 | -90.1% |
| Suppliers | 440/4 | €16,085 | €1,585 | -€14,499 | -90.1% |
| Taxes, remuneration and social security | 45 | €168 | €3,414 | +€3,246 | +1,934% |
| Taxes | 450/3 | €168 | €3,414 | +€3,246 | +1,934% |
| Other amounts payable | 47/48 | €151,889 | €154,331 | +€2,442 | +1.6% |
| Accrued charges and deferred income | 492/3 | €209,296 | €200,554 | -€8,743 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,829 | €22,896 | -€934 | -3.9% |
| Other operating charges | 640/8 | €39,626 | €10,509 | -€29,116 | -73.5% |
| Non-recurring operating charges | 66A | - | €8,920 | +€8,920 | |
| Gross operating margin | 9900 | -€5,796 | €43,540 | +€49,337 | |
| Operating profit (loss) | 9901 | -€69,251 | €1,215 | +€70,466 | |
| Financial income | 75/76B | - | €12,258 | +€12,258 | |
| Recurring financial income | 75 | - | €1,665 | +€1,665 | |
| Non-recurring financial income | 76B | - | €10,593 | +€10,593 | |
| Financial charges | 65/66B | €8,471 | €18,668 | +€10,197 | +120% |
| Recurring financial charges | 65 | €8,471 | €18,668 | +€10,197 | +120% |
| Profit (loss) for the period before taxes | 9903 | -€77,722 | -€5,196 | +€72,527 | +93.3% |
| Income taxes | 67/77 | €168 | €4,526 | +€4,359 | +2,597% |
| Profit (loss) for the period | 9904 | -€77,890 | -€9,722 | +€68,168 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,890 | -€9,722 | +€68,168 | +87.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.