RELEX: 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.
RELEX
Largest movements
- Tangible fixed assets -€5,609
no longer reported in 2024 (was €5,609)
- Cash +€431
up €431 (+75.8%), from €569 to €1,000
mainly Depreciation (+€5,609) and Net result for the year (+€960)
- Other debts -€7,200
no longer reported in 2024 (was €7,200)
- Profit (loss) carried forward +€960
up €960 (+2.9%), from -€33,009 to -€32,049
- Tax, wage and social debts +€556
up €556 (+91.6%), from €608 to €1,164
- Trade debts +€506
new in 2024: €506
- Depreciation +€5,609
new in 2024: €5,609
- Gross operating margin +€4,039
up €4,039 (+129.6%), from €3,117 to €7,157
- Other operating charges +€587
new in 2024: €587
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,678 | €1,500 | -€5,178 | -77.5% |
| Fixed assets | 21/28 | €5,609 | - | -€5,609 | |
| Tangible fixed assets | 22/27 | €5,609 | - | -€5,609 | |
| Plant, machinery and equipment | 23 | €5,609 | - | -€5,609 | |
| Current assets | 29/58 | €1,069 | €1,500 | +€431 | +40.3% |
| Amounts receivable within one year | 40/41 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €569 | €1,000 | +€431 | +75.8% |
| Total equity and liabilities | 10/49 | €6,678 | €1,500 | -€5,178 | -77.5% |
| Equity | 10/15 | -€1,130 | -€170 | +€960 | +85.0% |
| Contributions | 10/11 | €31,879 | €31,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,009 | -€32,049 | +€960 | +2.9% |
| Amounts payable | 17/49 | €7,808 | €1,670 | -€6,138 | -78.6% |
| Amounts payable within one year | 42/48 | €7,808 | €1,670 | -€6,138 | -78.6% |
| Trade debts | 44 | - | €506 | +€506 | |
| Suppliers | 440/4 | - | €506 | +€506 | |
| Taxes, remuneration and social security | 45 | €608 | €1,164 | +€556 | +91.6% |
| Taxes | 450/3 | €608 | €1,164 | +€556 | +91.6% |
| Other amounts payable | 47/48 | €7,200 | - | -€7,200 | |
| Non-recurring operating income | 76A | - | €7,200 | +€7,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,609 | +€5,609 | |
| Other operating charges | 640/8 | - | €587 | +€587 | |
| Gross operating margin | 9900 | €3,117 | €7,157 | +€4,039 | +129.6% |
| Operating profit (loss) | 9901 | €3,117 | €960 | -€2,157 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €3,117 | €960 | -€2,157 | -69.2% |
| Profit (loss) for the period | 9904 | €3,117 | €960 | -€2,157 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,117 | €960 | -€2,157 | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.