RELAXY: 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.
RELAXY
Largest movements
- Receivables within one year -€9,679
down €9,679 (-27.6%), from €35,113 to €25,434
- Trade debts -€8,211
down €8,211 (-98.6%), from €8,331 to €120
- Profit (loss) carried forward -€1,668
down €1,668 (-17.5%), from €9,506 to €7,838
- Gross operating margin +€8,512
up €8,512 (+87.7%), from -€9,711 to -€1,198
- Other operating charges -€728
down €728 (-79.7%), from €914 to €186
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 | €38,297 | €28,418 | -€9,879 | -25.8% |
| Fixed assets | 21/28 | €3,153 | €2,943 | -€210 | -6.7% |
| Tangible fixed assets | 22/27 | €1,433 | €1,223 | -€210 | -14.7% |
| Plant, machinery and equipment | 23 | €1,433 | €1,223 | -€210 | -14.7% |
| Financial fixed assets | 28 | €1,720 | €1,720 | = | 0.0% |
| Current assets | 29/58 | €35,144 | €25,475 | -€9,669 | -27.5% |
| Amounts receivable within one year | 40/41 | €35,113 | €25,434 | -€9,679 | -27.6% |
| Other amounts receivable | 41 | €35,113 | €25,434 | -€9,679 | -27.6% |
| Cash at bank and in hand | 54/58 | €31 | €41 | +€10 | +32.6% |
| Total equity and liabilities | 10/49 | €38,297 | €28,418 | -€9,879 | -25.8% |
| Equity | 10/15 | €29,966 | €28,298 | -€1,668 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,506 | €7,838 | -€1,668 | -17.5% |
| Amounts payable | 17/49 | €8,331 | €120 | -€8,211 | -98.6% |
| Amounts payable within one year | 42/48 | €8,331 | €120 | -€8,211 | -98.6% |
| Trade debts | 44 | €8,331 | €120 | -€8,211 | -98.6% |
| Suppliers | 440/4 | €8,331 | €120 | -€8,211 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €210 | = | 0.0% |
| Other operating charges | 640/8 | €914 | €186 | -€728 | -79.7% |
| Gross operating margin | 9900 | -€9,711 | -€1,198 | +€8,512 | +87.7% |
| Operating profit (loss) | 9901 | -€10,835 | -€1,594 | +€9,241 | +85.3% |
| Financial charges | 65/66B | €65 | €74 | +€9 | +13.2% |
| Recurring financial charges | 65 | €65 | €74 | +€9 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,900 | -€1,668 | +€9,232 | +84.7% |
| Profit (loss) for the period | 9904 | -€10,900 | -€1,668 | +€9,232 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,900 | -€1,668 | +€9,232 | +84.7% |
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 13 October 2026 via checked.be.