RELAYTION: 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.
RELAYTION
Largest movements
- Receivables within one year +€20,081
up €20,081 (+9.5%), from €212,280 to €232,361
of which Trade receivables: +€21,780
- Other debts +€24,395
up €24,395 (+5.7%), from €424,498 to €448,893
- Profit (loss) carried forward -€5,749
down €5,749 (-4.6%), from -€125,666 to -€131,415
- Gross operating margin +€8,439
up €8,439 (+70.5%), from -€11,963 to -€3,524
- Other operating charges -€388
down €388 (-28.5%), from €1,363 to €975
- Depreciation -€242
down €242 (-24.5%), from €987 to €745
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 | €321,598 | €339,648 | +€18,050 | +5.6% |
| Fixed assets | 21/28 | €106,804 | €106,059 | -€745 | -0.7% |
| Tangible fixed assets | 22/27 | €1,187 | €442 | -€745 | -62.7% |
| Furniture and vehicles | 24 | €1,187 | €442 | -€745 | -62.7% |
| Financial fixed assets | 28 | €105,616 | €105,616 | = | 0.0% |
| Current assets | 29/58 | €214,794 | €233,589 | +€18,795 | +8.8% |
| Amounts receivable within one year | 40/41 | €212,280 | €232,361 | +€20,081 | +9.5% |
| Trade receivables | 40 | €207,201 | €228,981 | +€21,780 | +10.5% |
| Other amounts receivable | 41 | €5,079 | €3,380 | -€1,699 | -33.5% |
| Cash at bank and in hand | 54/58 | €2,055 | €738 | -€1,317 | -64.1% |
| Deferred charges and accrued income | 490/1 | €460 | €491 | +€32 | +6.9% |
| Total equity and liabilities | 10/49 | €321,598 | €339,648 | +€18,050 | +5.6% |
| Equity | 10/15 | -€105,566 | -€111,315 | -€5,749 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,666 | -€131,415 | -€5,749 | -4.6% |
| Amounts payable | 17/49 | €427,164 | €450,963 | +€23,799 | +5.6% |
| Amounts payable within one year | 42/48 | €426,776 | €450,563 | +€23,787 | +5.6% |
| Trade debts | 44 | €1,303 | €825 | -€479 | -36.7% |
| Suppliers | 440/4 | €1,303 | €825 | -€479 | -36.7% |
| Taxes, remuneration and social security | 45 | €975 | €846 | -€129 | -13.2% |
| Taxes | 450/3 | €975 | €846 | -€129 | -13.2% |
| Other amounts payable | 47/48 | €424,498 | €448,893 | +€24,395 | +5.7% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €745 | -€242 | -24.5% |
| Other operating charges | 640/8 | €1,363 | €975 | -€388 | -28.5% |
| Gross operating margin | 9900 | -€11,963 | -€3,524 | +€8,439 | +70.5% |
| Operating profit (loss) | 9901 | -€14,313 | -€5,244 | +€9,069 | +63.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €245 | €172 | -€73 | -29.9% |
| Recurring financial charges | 65 | €245 | €172 | -€73 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,558 | -€5,416 | +€9,142 | +62.8% |
| Income taxes | 67/77 | €315 | €333 | +€19 | +5.9% |
| Profit (loss) for the period | 9904 | -€14,873 | -€5,749 | +€9,123 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,873 | -€5,749 | +€9,123 | +61.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.