RELDIFIN: what changed
RELDIFIN
Largest movements
- Cash +€323,588
up €323,588 (+28,333%), from €1,142 to €324,730
mainly Net result for the year (+€317,623) and Other debts (+€218,042)
- Receivables within one year -€131,702
down €131,702 (-91.0%), from €144,679 to €12,977
of which Other amounts receivable: -€144,249
- Tangible fixed assets -€37,031
down €37,031 (-2.5%), from €1.5m to €1.4m
of which Land and buildings: -€44,302
- Other debts +€218,042
new in 2025: €218,042
- Tax, wage and social debts +€156,287
up €156,287 (+1,160%), from €13,471 to €169,758
- Provisions -€135,396
no longer reported in 2025 (was €135,396)
- Debts after one year -€95,252
down €95,252 (-20.0%), from €475,872 to €380,620
of which Financial debts: -€96,102
- Financial income +€479,718
up €479,718 (+5,986%), from €8,014 to €487,732
of which Non-recurring financial income: +€482,011
- Taxes +€149,245
up €149,245 (+359%), from €41,537 to €190,782
- Financial charges +€45,840
up €45,840 (+329%), from €13,914 to €59,754
of which Non-recurring financial charges: +€30,601
- Gross operating margin -€21,906
down €21,906 (-11.3%), from €193,334 to €171,428
- Other operating charges +€16,112
up €16,112 (+266%), from €6,058 to €22,170
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,629,724 | €1,784,275 | +€154,551 | +9.5% |
| Fixed assets | 21/28 | €1,480,157 | €1,443,125 | -€37,031 | -2.5% |
| Tangible fixed assets | 22/27 | €1,479,957 | €1,442,925 | -€37,031 | -2.5% |
| Land and buildings | 22 | €866,542 | €822,240 | -€44,302 | -5.1% |
| Plant, machinery and equipment | 23 | €4,889 | €3,897 | -€992 | -20.3% |
| Furniture and vehicles | 24 | €4,545 | €1,578 | -€2,966 | -65.3% |
| Other tangible fixed assets | 26 | €603,981 | €615,210 | +€11,229 | +1.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €149,568 | €341,150 | +€191,583 | +128% |
| Amounts receivable within one year | 40/41 | €144,679 | €12,977 | -€131,702 | -91.0% |
| Trade receivables | 40 | €430 | €12,977 | +€12,547 | +2,918% |
| Other amounts receivable | 41 | €144,249 | - | -€144,249 | |
| Cash at bank and in hand | 54/58 | €1,142 | €324,730 | +€323,588 | +28,333% |
| Deferred charges and accrued income | 490/1 | €3,746 | €3,443 | -€303 | -8.1% |
| Total equity and liabilities | 10/49 | €1,629,724 | €1,784,275 | +€154,551 | +9.5% |
| Equity | 10/15 | €901,510 | €903,118 | +€1,608 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €881,510 | €883,118 | +€1,608 | +0.2% |
| Non-distributable reserves | 130/1 | €28,100 | €28,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,100 | €28,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €316,014 | - | -€316,014 | |
| Distributable reserves | 133 | €537,396 | €855,018 | +€317,623 | +59.1% |
| Provisions and deferred taxes | 16 | €135,396 | - | -€135,396 | |
| Deferred taxes | 168 | €135,396 | - | -€135,396 | |
| Amounts payable | 17/49 | €592,818 | €881,157 | +€288,339 | +48.6% |
| Amounts payable after more than one year | 17 | €475,872 | €380,620 | -€95,252 | -20.0% |
| Financial debts | 170/4 | €475,872 | €379,770 | -€96,102 | -20.2% |
| Other amounts payable | 178/9 | - | €850 | +€850 | |
| Amounts payable within one year | 42/48 | €116,946 | €485,174 | +€368,228 | +315% |
| Current portion of amounts payable after more than one year | 42 | €94,409 | €96,102 | +€1,693 | +1.8% |
| Trade debts | 44 | €9,066 | €1,272 | -€7,794 | -86.0% |
| Suppliers | 440/4 | €9,066 | €1,272 | -€7,794 | -86.0% |
| Taxes, remuneration and social security | 45 | €13,471 | €169,758 | +€156,287 | +1,160% |
| Taxes | 450/3 | €13,471 | €169,758 | +€156,287 | +1,160% |
| Other amounts payable | 47/48 | - | €218,042 | +€218,042 | |
| Accrued charges and deferred income | 492/3 | - | €15,363 | +€15,363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,167 | €68,833 | +€1,666 | +2.5% |
| Other operating charges | 640/8 | €6,058 | €22,170 | +€16,112 | +266% |
| Non-recurring operating charges | 66A | €3,069 | - | -€3,069 | |
| Gross operating margin | 9900 | €193,334 | €171,428 | -€21,906 | -11.3% |
| Operating profit (loss) | 9901 | €117,040 | €80,426 | -€36,614 | -31.3% |
| Financial income | 75/76B | €8,014 | €487,732 | +€479,718 | +5,986% |
| Recurring financial income | 75 | €8,014 | €5,721 | -€2,293 | -28.6% |
| Non-recurring financial income | 76B | - | €482,011 | +€482,011 | |
| Financial charges | 65/66B | €13,914 | €59,754 | +€45,840 | +329% |
| Recurring financial charges | 65 | €13,914 | €29,153 | +€15,239 | +110% |
| Non-recurring financial charges | 66B | - | €30,601 | +€30,601 | |
| Profit (loss) for the period before taxes | 9903 | €111,140 | €508,404 | +€397,264 | +357% |
| Transfer from deferred taxes | 780 | €2,550 | - | -€2,550 | |
| Income taxes | 67/77 | €41,537 | €190,782 | +€149,245 | +359% |
| Profit (loss) for the period | 9904 | €72,154 | €317,623 | +€245,469 | +340% |
| Transfer from tax-exempt reserves | 789 | €7,650 | - | -€7,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,804 | €317,623 | +€237,819 | +298% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.