ReliabilityPact: 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.
ReliabilityPact
Largest movements
- Intangible fixed assets +€82,294
new in 2025: €82,294
- Cash -€63,124
down €63,124 (-29.0%), from €217,949 to €154,825
mainly Investment in fixed assets (net) (-€100,422) and Receivables within one year (-€11,061)
- Receivables within one year +€11,061
up €11,061 (+58.2%), from €18,994 to €30,055
of which Other amounts receivable: +€16,505
- Reserves +€32,681
up €32,681 (+12.2%), from €268,859 to €301,540
- Gross operating margin -€20,756
down €20,756 (-26.9%), from €77,092 to €56,337
- Taxes -€11,746
down €11,746 (-67.8%), from €17,333 to €5,587
- Depreciation +€10,027
up €10,027 (+149.5%), from €6,705 to €16,732
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 | €297,370 | €328,914 | +€31,543 | +10.6% |
| Fixed assets | 21/28 | €56,938 | €140,628 | +€83,690 | +147.0% |
| Intangible fixed assets | 21 | - | €82,294 | +€82,294 | |
| Tangible fixed assets | 22/27 | €56,938 | €58,334 | +€1,396 | +2.5% |
| Land and buildings | 22 | €23,000 | €23,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €31,363 | €27,402 | -€3,961 | -12.6% |
| Furniture and vehicles | 24 | €2,575 | €7,932 | +€5,357 | +208.0% |
| Current assets | 29/58 | €240,432 | €188,286 | -€52,146 | -21.7% |
| Amounts receivable within one year | 40/41 | €18,994 | €30,055 | +€11,061 | +58.2% |
| Trade receivables | 40 | €18,994 | €13,550 | -€5,444 | -28.7% |
| Other amounts receivable | 41 | - | €16,505 | +€16,505 | |
| Cash at bank and in hand | 54/58 | €217,949 | €154,825 | -€63,124 | -29.0% |
| Deferred charges and accrued income | 490/1 | €3,490 | €3,406 | -€84 | -2.4% |
| Total equity and liabilities | 10/49 | €297,370 | €328,914 | +€31,543 | +10.6% |
| Equity | 10/15 | €287,459 | €320,140 | +€32,681 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,859 | €301,540 | +€32,681 | +12.2% |
| Distributable reserves | 133 | €268,859 | €301,540 | +€32,681 | +12.2% |
| Amounts payable | 17/49 | €9,911 | €8,773 | -€1,138 | -11.5% |
| Amounts payable within one year | 42/48 | €9,161 | €8,023 | -€1,138 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €738 | €2,756 | +€2,018 | +273.4% |
| Suppliers | 440/4 | €738 | €2,756 | +€2,018 | +273.4% |
| Taxes, remuneration and social security | 45 | €4,594 | €1,333 | -€3,260 | -71.0% |
| Taxes | 450/3 | €4,594 | €1,333 | -€3,260 | -71.0% |
| Other amounts payable | 47/48 | €3,829 | €3,934 | +€105 | +2.7% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,705 | €16,732 | +€10,027 | +149.5% |
| Other operating charges | 640/8 | €685 | €910 | +€225 | +32.9% |
| Gross operating margin | 9900 | €77,092 | €56,337 | -€20,756 | -26.9% |
| Operating profit (loss) | 9901 | €69,702 | €38,694 | -€31,008 | -44.5% |
| Financial income | 75/76B | €0 | €21 | +€21 | +34783.3% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +34783.3% |
| Financial charges | 65/66B | €452 | €447 | -€6 | -1.3% |
| Recurring financial charges | 65 | €452 | €447 | -€6 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €69,249 | €38,269 | -€30,981 | -44.7% |
| Income taxes | 67/77 | €17,333 | €5,587 | -€11,746 | -67.8% |
| Profit (loss) for the period | 9904 | €51,916 | €32,681 | -€19,235 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,916 | €32,681 | -€19,235 | -37.1% |
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 2 October 2026 via checked.be.