Relaxy.be: what changed
Two fiscal 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.be
Largest movements
- Intangible fixed assets -€128,877
down €128,877 (-34.0%), from €379,409 to €250,533
- Receivables within one year -€58,320
down €58,320 (-80.2%), from €72,764 to €14,443
of which Other amounts receivable: -€55,642
- Current investments -€37,695
down €37,695 (-100.0%), from €37,695 to €0
- Cash +€25,469
up €25,469 (+69.1%), from €36,856 to €62,325
mainly Depreciation (+€128,877) and Receivables within one year (+€58,320)
- Profit (loss) carried forward -€218,128
down €218,128 (-100.1%), from -€217,870 to -€435,998
- Tax, wage and social debts +€15,406
up €15,406 (+130.8%), from €11,774 to €27,180
of which Remuneration and social security: +€8,827
- Other debts +€11,627
up €11,627 (+27.9%), from €41,689 to €53,316
- Current portion of long-term debt +€9,924
new in 2025: €9,924
- Debts after one year -€9,902
down €9,902 (-4.7%), from €212,390 to €202,488
of which Other amounts payable: -€21,999
- Staff costs +€50,710
up €50,710 (+46.8%), from €108,365 to €159,075
- Depreciation +€44,450
up €44,450 (+52.7%), from €84,426 to €128,877
- Gross operating margin +€25,158
up €25,158 (+46.6%), from €53,968 to €79,125
- Financial income -€19,158
down €19,158 (-79.4%), from €24,120 to €4,962
- Other operating charges +€7,003
up €7,003 (+1068.7%), from €655 to €7,659
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 | €528,009 | €327,359 | -€200,649 | -38.0% |
| Fixed assets | 21/28 | €379,409 | €250,533 | -€128,877 | -34.0% |
| Intangible fixed assets | 21 | €379,409 | €250,533 | -€128,877 | -34.0% |
| Current assets | 29/58 | €148,599 | €76,827 | -€71,773 | -48.3% |
| Amounts receivable within one year | 40/41 | €72,764 | €14,443 | -€58,320 | -80.2% |
| Trade receivables | 40 | €16,965 | €14,287 | -€2,678 | -15.8% |
| Other amounts receivable | 41 | €55,799 | €157 | -€55,642 | -99.7% |
| Current investments | 50/53 | €37,695 | €0 | -€37,695 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,856 | €62,325 | +€25,469 | +69.1% |
| Deferred charges and accrued income | 490/1 | €1,284 | €58 | -€1,225 | -95.4% |
| Total equity and liabilities | 10/49 | €528,009 | €327,359 | -€200,649 | -38.0% |
| Equity | 10/15 | €238,630 | €20,502 | -€218,128 | -91.4% |
| Contributions | 10/11 | €456,500 | €456,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,870 | -€435,998 | -€218,128 | -100.1% |
| Amounts payable | 17/49 | €289,378 | €306,857 | +€17,479 | +6.0% |
| Amounts payable after more than one year | 17 | €212,390 | €202,488 | -€9,902 | -4.7% |
| Financial debts | 170/4 | - | €12,097 | +€12,097 | |
| Other amounts payable | 178/9 | €212,390 | €190,391 | -€21,999 | -10.4% |
| Amounts payable within one year | 42/48 | €76,989 | €104,369 | +€27,380 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,924 | +€9,924 | |
| Financial debts | 43 | €8,247 | €0 | -€8,247 | -100.0% |
| Credit institutions | 430/8 | €8,247 | €0 | -€8,247 | -100.0% |
| Trade debts | 44 | €15,279 | €13,949 | -€1,329 | -8.7% |
| Suppliers | 440/4 | €15,279 | €13,949 | -€1,329 | -8.7% |
| Taxes, remuneration and social security | 45 | €11,774 | €27,180 | +€15,406 | +130.8% |
| Taxes | 450/3 | €0 | €6,578 | +€6,578 | |
| Remuneration and social security | 454/9 | €11,774 | €20,602 | +€8,827 | +75.0% |
| Other amounts payable | 47/48 | €41,689 | €53,316 | +€11,627 | +27.9% |
| Remuneration, social security and pensions | 62 | €108,365 | €159,075 | +€50,710 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,426 | €128,877 | +€44,450 | +52.7% |
| Other operating charges | 640/8 | €655 | €7,659 | +€7,003 | +1068.7% |
| Gross operating margin | 9900 | €53,968 | €79,125 | +€25,158 | +46.6% |
| Operating profit (loss) | 9901 | -€139,479 | -€216,486 | -€77,007 | -55.2% |
| Financial income | 75/76B | €24,120 | €4,962 | -€19,158 | -79.4% |
| Recurring financial income | 75 | €24,120 | €4,962 | -€19,158 | -79.4% |
| Financial charges | 65/66B | €4,565 | €6,579 | +€2,014 | +44.1% |
| Recurring financial charges | 65 | €4,565 | €6,579 | +€2,014 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | -€119,924 | -€218,103 | -€98,179 | -81.9% |
| Income taxes | 67/77 | €0 | €25 | +€25 | |
| Profit (loss) for the period | 9904 | -€119,924 | -€218,128 | -€98,204 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,924 | -€218,128 | -€98,204 | -81.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.