Reletech: 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.
Reletech
Largest movements
- Receivables within one year +€278,375
up €278,375 (+393%), from €70,767 to €349,142
of which Trade receivables: +€262,211
- Tangible fixed assets +€34,553
up €34,553 (+9.0%), from €385,240 to €419,794
of which Furniture and vehicles: +€43,961
- Tax, wage and social debts +€305,615
up €305,615 (+696%), from €43,885 to €349,500
of which Taxes: +€307,000
- Reserves +€57,766
up €57,766 (+15.8%), from €364,783 to €422,548
of which Distributable reserves: +€57,766
- Debts after one year -€30,669
down €30,669 (-13.5%), from €227,718 to €197,050
of which Financial debts: -€30,669
- Gross operating margin +€414,827
up €414,827 (+86.2%), from €481,292 to €896,119
- Taxes +€308,827
up €308,827 (+1,118%), from €27,622 to €336,449
- Staff costs +€97,979
up €97,979 (+29.9%), from €327,356 to €425,336
- Other operating charges +€34,826
up €34,826 (+401%), from €8,678 to €43,504
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 | €703,255 | €1,028,965 | +€325,711 | +46.3% |
| Fixed assets | 21/28 | €386,920 | €421,474 | +€34,553 | +8.9% |
| Tangible fixed assets | 22/27 | €385,240 | €419,794 | +€34,553 | +9.0% |
| Land and buildings | 22 | €344,543 | €335,136 | -€9,407 | -2.7% |
| Furniture and vehicles | 24 | €40,697 | €84,658 | +€43,961 | +108% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €316,334 | €607,492 | +€291,157 | +92.0% |
| Amounts receivable after more than one year | 29 | €30,844 | €32,406 | +€1,562 | +5.1% |
| Trade receivables | 290 | €30,844 | €0 | -€30,844 | -100% |
| Other amounts receivable | 291 | - | €32,406 | +€32,406 | |
| Stocks and contracts in progress | 3 | €100,248 | €100,000 | -€248 | -0.2% |
| Contracts in progress | 37 | €100,248 | €100,000 | -€248 | -0.2% |
| Amounts receivable within one year | 40/41 | €70,767 | €349,142 | +€278,375 | +393% |
| Trade receivables | 40 | €53,107 | €315,317 | +€262,211 | +494% |
| Other amounts receivable | 41 | €17,661 | €33,825 | +€16,164 | +91.5% |
| Cash at bank and in hand | 54/58 | €96,660 | €105,161 | +€8,501 | +8.8% |
| Deferred charges and accrued income | 490/1 | €17,815 | €20,783 | +€2,968 | +16.7% |
| Total equity and liabilities | 10/49 | €703,255 | €1,028,965 | +€325,711 | +46.3% |
| Equity | 10/15 | €370,983 | €428,748 | +€57,766 | +15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €364,783 | €422,548 | +€57,766 | +15.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €362,923 | €420,688 | +€57,766 | +15.9% |
| Amounts payable | 17/49 | €332,272 | €600,217 | +€267,945 | +80.6% |
| Amounts payable after more than one year | 17 | €227,718 | €197,050 | -€30,669 | -13.5% |
| Financial debts | 170/4 | €227,718 | €197,050 | -€30,669 | -13.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €104,554 | €403,167 | +€298,614 | +286% |
| Current portion of amounts payable after more than one year | 42 | €39,367 | €39,473 | +€106 | +0.3% |
| Trade debts | 44 | €13,406 | €9,495 | -€3,912 | -29.2% |
| Suppliers | 440/4 | €13,406 | €9,495 | -€3,912 | -29.2% |
| Taxes, remuneration and social security | 45 | €43,885 | €349,500 | +€305,615 | +696% |
| Taxes | 450/3 | €32,565 | €339,566 | +€307,000 | +943% |
| Remuneration and social security | 454/9 | €11,320 | €9,934 | -€1,386 | -12.2% |
| Other amounts payable | 47/48 | €7,895 | €4,700 | -€3,195 | -40.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €327,356 | €425,336 | +€97,979 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,351 | €25,472 | +€5,121 | +25.2% |
| Other operating charges | 640/8 | €8,678 | €43,504 | +€34,826 | +401% |
| Non-recurring operating charges | 66A | - | €2,331 | +€2,331 | |
| Gross operating margin | 9900 | €481,292 | €896,119 | +€414,827 | +86.2% |
| Operating profit (loss) | 9901 | €124,907 | €399,477 | +€274,569 | +220% |
| Financial income | 75/76B | €0 | €1,591 | +€1,591 | +15,913,300% |
| Recurring financial income | 75 | €0 | €1,591 | +€1,591 | +15,913,300% |
| Financial charges | 65/66B | €8,106 | €6,854 | -€1,252 | -15.4% |
| Recurring financial charges | 65 | €8,106 | €6,854 | -€1,252 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €116,801 | €394,214 | +€277,413 | +238% |
| Income taxes | 67/77 | €27,622 | €336,449 | +€308,827 | +1,118% |
| Profit (loss) for the period | 9904 | €89,180 | €57,766 | -€31,414 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,180 | €57,766 | -€31,414 | -35.2% |
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 24 October 2026 via checked.be.