RELIANCE: 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.
What changed
RELIANCE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€410,191
2024 · €468,587-€58,396
Equity
€2.6m
2024 · €2.1m+€410,191
Cash
€16,814
2024 · €77,958-€61,144
Balance sheet total
€6.2m
2024 · €4.4m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+273%), from €617,829 to €2.3m
of which Other amounts receivable: +€1.7m
- Tangible fixed assets +€102,928
up €102,928 (+705%), from €14,606 to €117,534
Equity and liabilities
- Other debts +€2.0m
up €2.0m (+199%), from €990,000 to €3.0m
- Profit (loss) carried forward +€410,191
up €410,191 (+19.3%), from €2.1m to €2.5m
- Trade debts -€332,894
down €332,894 (-68.7%), from €484,385 to €151,491
- Debts after one year -€213,482
down €213,482 (-48.7%), from €438,482 to €225,000
- Current portion of long-term debt -€140,361
down €140,361 (-39.7%), from €353,843 to €213,482
Income statement
- Turnover +€510,942
up €510,942 (+49.2%), from €1.0m to €1.5m
- Services and other goods +€313,258
up €313,258 (+39.5%), from €793,218 to €1.1m
- Staff costs +€255,854
up €255,854 (+316%), from €80,864 to €336,718
- Financial charges -€27,272
down €27,272 (-23.4%), from €116,371 to €89,100
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.
Result 2024
€468,587
Turnover
+€510,942
Other operating income
-€1,006
Services and other goods
-€313,258
Staff costs
-€255,854
Depreciation
-€15,246
Other operating charges
-€836
Financial income
-€2,010
Financial charges
+€27,272
Taxes
-€8,400
Result 2025
€410,191
raises the resultlowers the result
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.
From operations
+€415,880
Investment
-€123,181
Financing
-€353,843
Cash 2024
€77,958
From operations (derived)
+€415,880
Net result for the year
+€410,191
Depreciation
+€20,253
Receivables within one year
-€1.7m
Smaller working-capital items
+€895
Trade debts
-€332,894
Tax, wage and social debts
+€36,739
Other debts
+€2.0m
Investment (derived)
-€123,181
Investment in fixed assets (net)
-€123,181
Financing
-€353,843
Debts after one year
-€213,482
Current portion of long-term debt
-€140,361
Cash 2025
€16,814
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,427,770 | €6,155,587 | +€1.7m | +39.0% |
| Fixed assets | 21/28 | €3,729,606 | €3,832,534 | +€102,928 | +2.8% |
| Tangible fixed assets | 22/27 | €14,606 | €117,534 | +€102,928 | +705% |
| Furniture and vehicles | 24 | €14,606 | €117,534 | +€102,928 | +705% |
| Financial fixed assets | 28 | €3,715,000 | €3,715,000 | = | 0.0% |
| Affiliated companies | 280/1 | €3,715,000 | €3,715,000 | = | 0.0% |
| Participating interests | 280 | €3,715,000 | €3,715,000 | = | 0.0% |
| Current assets | 29/58 | €698,164 | €2,323,053 | +€1.6m | +233% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €617,829 | €2,305,133 | +€1.7m | +273% |
| Trade receivables | 40 | €128,863 | €69,754 | -€59,109 | -45.9% |
| Other amounts receivable | 41 | €488,966 | €2,235,379 | +€1.7m | +357% |
| Cash at bank and in hand | 54/58 | €77,958 | €16,814 | -€61,144 | -78.4% |
| Deferred charges and accrued income | 490/1 | €2,377 | €1,106 | -€1,271 | -53.5% |
| Total equity and liabilities | 10/49 | €4,427,770 | €6,155,587 | +€1.7m | +39.0% |
| Equity | 10/15 | €2,146,086 | €2,556,277 | +€410,191 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,127,486 | €2,537,677 | +€410,191 | +19.3% |
| Amounts payable | 17/49 | €2,281,684 | €3,599,310 | +€1.3m | +57.7% |
| Amounts payable after more than one year | 17 | €438,482 | €225,000 | -€213,482 | -48.7% |
| Financial debts | 170/4 | €438,482 | €225,000 | -€213,482 | -48.7% |
| Credit institutions | 173 | €438,482 | €225,000 | -€213,482 | -48.7% |
| Amounts payable within one year | 42/48 | €1,842,813 | €3,374,297 | +€1.5m | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €353,843 | €213,482 | -€140,361 | -39.7% |
| Trade debts | 44 | €484,385 | €151,491 | -€332,894 | -68.7% |
| Suppliers | 440/4 | €484,385 | €151,491 | -€332,894 | -68.7% |
| Taxes, remuneration and social security | 45 | €14,584 | €51,323 | +€36,739 | +252% |
| Taxes | 450/3 | €400 | €1,600 | +€1,200 | +300% |
| Remuneration and social security | 454/9 | €14,184 | €49,723 | +€35,539 | +251% |
| Other amounts payable | 47/48 | €990,000 | €2,958,000 | +€2.0m | +199% |
| Accrued charges and deferred income | 492/3 | €389 | €13 | -€376 | -96.6% |
| Operating income | 70/76A | €1,040,449 | €1,550,385 | +€509,936 | +49.0% |
| Turnover | 70 | €1,038,097 | €1,549,039 | +€510,942 | +49.2% |
| Other operating income | 74 | €2,352 | €1,346 | -€1,006 | -42.8% |
| Operating charges | 60/66A | €879,752 | €1,464,946 | +€585,194 | +66.5% |
| Services and other goods | 61 | €793,218 | €1,106,476 | +€313,258 | +39.5% |
| Remuneration, social security and pensions | 62 | €80,864 | €336,718 | +€255,854 | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,008 | €20,253 | +€15,246 | +304% |
| Other operating charges | 640/8 | €662 | €1,498 | +€836 | +126% |
| Operating profit (loss) | 9901 | €160,697 | €85,439 | -€75,258 | -46.8% |
| Financial income | 75/76B | €439,921 | €437,912 | -€2,010 | -0.5% |
| Recurring financial income | 75 | €439,921 | €437,912 | -€2,010 | -0.5% |
| Income from financial fixed assets | 750 | €432,000 | €355,725 | -€76,275 | -17.7% |
| Income from current assets | 751 | €7,209 | €82,187 | +€74,978 | +1,040% |
| Other financial income | 752/9 | €713 | €0 | -€713 | -100% |
| Financial charges | 65/66B | €116,371 | €89,100 | -€27,272 | -23.4% |
| Recurring financial charges | 65 | €116,371 | €89,100 | -€27,272 | -23.4% |
| Debt charges | 650 | €109,305 | €82,770 | -€26,536 | -24.3% |
| Other financial charges | 652/9 | €7,066 | €6,330 | -€736 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €484,247 | €434,251 | -€49,996 | -10.3% |
| Income taxes | 67/77 | €15,660 | €24,060 | +€8,400 | +53.6% |
| Taxes | 670/3 | €15,660 | €24,065 | +€8,405 | +53.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | €468,587 | €410,191 | -€58,396 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €468,587 | €410,191 | -€58,396 | -12.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.