RELIAN: 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.
RELIAN
Largest movements
- Tangible fixed assets -€16,744
down €16,744 (-16.7%), from €100,458 to €83,714
of which Land and buildings: -€16,211
- Other debts -€26,324
down €26,324 (-49.6%), from €53,037 to €26,714
- Reserves +€22,634
up €22,634 (+2.5%), from €899,713 to €922,347
of which Distributable reserves: +€22,634
- Gross operating margin +€2,720
up €2,720 (+7.9%), from €34,256 to €36,976
- Financial income +€2,139
up €2,139 (+12.0%), from €17,857 to €19,995
- Taxes +€1,427
up €1,427 (+14.6%), from €9,748 to €11,175
- Financial charges +€1,030
up €1,030 (+71.4%), from €1,443 to €2,473
- Depreciation -€609
down €609 (-3.5%), from €17,353 to €16,744
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 | €1,077,095 | €1,071,339 | -€5,756 | -0.5% |
| Fixed assets | 21/28 | €100,495 | €83,751 | -€16,744 | -16.7% |
| Tangible fixed assets | 22/27 | €100,458 | €83,714 | -€16,744 | -16.7% |
| Land and buildings | 22 | €98,754 | €82,543 | -€16,211 | -16.4% |
| Plant, machinery and equipment | 23 | €1,704 | €1,171 | -€533 | -31.3% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €976,600 | €987,588 | +€10,988 | +1.1% |
| Amounts receivable within one year | 40/41 | €609 | €824 | +€215 | +35.2% |
| Other amounts receivable | 41 | €609 | €824 | +€215 | +35.2% |
| Current investments | 50/53 | €868,040 | €868,040 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,073 | €117,777 | +€10,704 | +10.0% |
| Deferred charges and accrued income | 490/1 | €877 | €946 | +€69 | +7.9% |
| Total equity and liabilities | 10/49 | €1,077,095 | €1,071,339 | -€5,756 | -0.5% |
| Equity | 10/15 | €1,007,213 | €1,029,847 | +€22,634 | +2.2% |
| Contributions | 10/11 | €107,500 | €107,500 | = | 0.0% |
| Capital | 10 | €107,500 | €107,500 | = | 0.0% |
| Issued capital | 100 | €107,500 | €107,500 | = | 0.0% |
| Reserves | 13 | €899,713 | €922,347 | +€22,634 | +2.5% |
| Non-distributable reserves | 130/1 | €10,750 | €10,750 | = | 0.0% |
| Legal reserve | 130 | €10,750 | €10,750 | = | 0.0% |
| Distributable reserves | 133 | €888,963 | €911,597 | +€22,634 | +2.5% |
| Amounts payable | 17/49 | €69,882 | €41,492 | -€28,390 | -40.6% |
| Amounts payable after more than one year | 17 | €11,295 | €10,625 | -€670 | -5.9% |
| Other amounts payable | 178/9 | €11,295 | €10,625 | -€670 | -5.9% |
| Amounts payable within one year | 42/48 | €57,897 | €29,458 | -€28,439 | -49.1% |
| Trade debts | 44 | €2,633 | €1,626 | -€1,007 | -38.3% |
| Suppliers | 440/4 | €2,633 | €1,626 | -€1,007 | -38.3% |
| Taxes, remuneration and social security | 45 | €2,227 | €1,119 | -€1,108 | -49.7% |
| Taxes | 450/3 | €2,227 | €1,119 | -€1,108 | -49.7% |
| Other amounts payable | 47/48 | €53,037 | €26,714 | -€26,324 | -49.6% |
| Accrued charges and deferred income | 492/3 | €690 | €1,409 | +€719 | +104.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,353 | €16,744 | -€609 | -3.5% |
| Other operating charges | 640/8 | €2,290 | €2,228 | -€62 | -2.7% |
| Gross operating margin | 9900 | €34,256 | €36,976 | +€2,720 | +7.9% |
| Operating profit (loss) | 9901 | €14,613 | €18,004 | +€3,391 | +23.2% |
| Financial income | 75/76B | €17,857 | €19,995 | +€2,139 | +12.0% |
| Recurring financial income | 75 | €17,857 | €19,995 | +€2,139 | +12.0% |
| Financial charges | 65/66B | €1,443 | €2,473 | +€1,030 | +71.4% |
| Recurring financial charges | 65 | €1,443 | €2,473 | +€1,030 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €31,027 | €35,527 | +€4,500 | +14.5% |
| Income taxes | 67/77 | €9,748 | €11,175 | +€1,427 | +14.6% |
| Profit (loss) for the period | 9904 | €21,279 | €24,352 | +€3,073 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,279 | €24,352 | +€3,073 | +14.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.