RelaxationZ: 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.
RelaxationZ
Largest movements
- Tangible fixed assets +€730,647
up €730,647 (+57454.3%), from €1,272 to €731,918
of which Land and buildings: +€723,690
- Receivables within one year -€8,532
down €8,532 (-57.8%), from €14,761 to €6,229
- Cash +€7,912
up €7,912 (+102.2%), from €7,741 to €15,653
mainly Other debts (+€741,521) and Depreciation (+€10,335)
- Other debts +€741,521
up €741,521 (+370760.7%), from €200 to €741,721
- Tax, wage and social debts -€10,246
down €10,246 (-64.2%), from €15,960 to €5,715
of which Taxes: -€9,163
- Depreciation +€7,886
up €7,886 (+322.0%), from €2,449 to €10,335
- Staff costs +€6,324
up €6,324 (+9.9%), from €64,142 to €70,466
- Gross operating margin -€5,147
down €5,147 (-5.7%), from €89,679 to €84,531
- Financial charges -€2,349
down €2,349 (-88.9%), from €2,643 to €294
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 | €25,277 | €758,350 | +€733,073 | +2900.1% |
| Fixed assets | 21/28 | €1,452 | €732,098 | +€730,647 | +50330.4% |
| Tangible fixed assets | 22/27 | €1,272 | €731,918 | +€730,647 | +57454.3% |
| Land and buildings | 22 | - | €723,690 | +€723,690 | |
| Plant, machinery and equipment | 23 | €0 | €7,436 | +€7,436 | |
| Furniture and vehicles | 24 | €352 | €475 | +€123 | +34.8% |
| Other tangible fixed assets | 26 | €920 | €317 | -€603 | -65.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €23,826 | €26,252 | +€2,426 | +10.2% |
| Amounts receivable within one year | 40/41 | €14,761 | €6,229 | -€8,532 | -57.8% |
| Other amounts receivable | 41 | €14,761 | €6,229 | -€8,532 | -57.8% |
| Cash at bank and in hand | 54/58 | €7,741 | €15,653 | +€7,912 | +102.2% |
| Deferred charges and accrued income | 490/1 | €1,324 | €4,370 | +€3,046 | +230.0% |
| Total equity and liabilities | 10/49 | €25,277 | €758,350 | +€733,073 | +2900.1% |
| Equity | 10/15 | €1,828 | €3,003 | +€1,176 | +64.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €50,813 | €50,813 | = | 0.0% |
| Distributable reserves | 133 | €50,813 | €50,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,986 | -€72,810 | +€1,176 | +1.6% |
| Amounts payable | 17/49 | €23,450 | €755,347 | +€731,897 | +3121.1% |
| Amounts payable within one year | 42/48 | €23,450 | €753,702 | +€730,252 | +3114.1% |
| Financial debts | 43 | €4,270 | €0 | -€4,270 | -100.0% |
| Credit institutions | 430/8 | €4,270 | €0 | -€4,270 | -100.0% |
| Trade debts | 44 | €3,019 | €6,266 | +€3,246 | +107.5% |
| Suppliers | 440/4 | €3,019 | €6,266 | +€3,246 | +107.5% |
| Taxes, remuneration and social security | 45 | €15,960 | €5,715 | -€10,246 | -64.2% |
| Taxes | 450/3 | €14,878 | €5,715 | -€9,163 | -61.6% |
| Remuneration and social security | 454/9 | €1,083 | €0 | -€1,083 | -100.0% |
| Other amounts payable | 47/48 | €200 | €741,721 | +€741,521 | +370760.7% |
| Accrued charges and deferred income | 492/3 | - | €1,645 | +€1,645 | |
| Remuneration, social security and pensions | 62 | €64,142 | €70,466 | +€6,324 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,449 | €10,335 | +€7,886 | +322.0% |
| Other operating charges | 640/8 | €1,960 | €2,315 | +€355 | +18.1% |
| Gross operating margin | 9900 | €89,679 | €84,531 | -€5,147 | -5.7% |
| Operating profit (loss) | 9901 | €21,128 | €1,415 | -€19,712 | -93.3% |
| Financial income | 75/76B | €8 | €55 | +€46 | +558.2% |
| Recurring financial income | 75 | €8 | €55 | +€46 | +558.2% |
| Financial charges | 65/66B | €2,643 | €294 | -€2,349 | -88.9% |
| Recurring financial charges | 65 | €2,643 | €294 | -€2,349 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €18,493 | €1,176 | -€17,317 | -93.6% |
| Income taxes | 67/77 | €521 | €0 | -€521 | -100.0% |
| Profit (loss) for the period | 9904 | €17,972 | €1,176 | -€16,796 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,972 | €1,176 | -€16,796 | -93.5% |
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.