RELIANET: 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.
RELIANET
Largest movements
- Cash +€16,909
up €16,909 (+11.3%), from €149,013 to €165,922
mainly Net result for the year (+€23,884) and Depreciation (+€11,582)
- Tangible fixed assets -€9,847
down €9,847 (-23.9%), from €41,221 to €31,374
of which Furniture and vehicles: -€10,379
- Receivables within one year -€7,381
down €7,381 (-18.0%), from €41,059 to €33,678
of which Trade receivables: -€11,274
- Reserves -€8,343
down €8,343 (-4.2%), from €200,096 to €191,753
of which Distributable reserves: -€6,488
- Tax, wage and social debts +€3,089
up €3,089 (+33.7%), from €9,157 to €12,246
of which Taxes: +€2,467
- Other debts +€2,899
up €2,899 (+24.1%), from €12,023 to €14,922
No income-statement line moved by more than 1% of the activity.
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 | €235,102 | €233,979 | -€1,123 | -0.5% |
| Fixed assets | 21/28 | €41,221 | €31,374 | -€9,847 | -23.9% |
| Tangible fixed assets | 22/27 | €41,221 | €31,374 | -€9,847 | -23.9% |
| Plant, machinery and equipment | 23 | €2,271 | €2,839 | +€568 | +25.0% |
| Furniture and vehicles | 24 | €38,641 | €28,263 | -€10,379 | -26.9% |
| Other tangible fixed assets | 26 | €309 | €272 | -€36 | -11.8% |
| Current assets | 29/58 | €193,881 | €202,606 | +€8,724 | +4.5% |
| Amounts receivable within one year | 40/41 | €41,059 | €33,678 | -€7,381 | -18.0% |
| Trade receivables | 40 | €25,410 | €14,136 | -€11,274 | -44.4% |
| Other amounts receivable | 41 | €15,649 | €19,542 | +€3,893 | +24.9% |
| Cash at bank and in hand | 54/58 | €149,013 | €165,922 | +€16,909 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,810 | €3,005 | -€805 | -21.1% |
| Total equity and liabilities | 10/49 | €235,102 | €233,979 | -€1,123 | -0.5% |
| Equity | 10/15 | €212,496 | €204,153 | -€8,343 | -3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €200,096 | €191,753 | -€8,343 | -4.2% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Tax-exempt reserves | 132 | €137 | €137 | = | 0.0% |
| Distributable reserves | 133 | €198,104 | €191,616 | -€6,488 | -3.3% |
| Amounts payable | 17/49 | €22,606 | €29,826 | +€7,220 | +31.9% |
| Amounts payable within one year | 42/48 | €22,257 | €29,500 | +€7,243 | +32.5% |
| Trade debts | 44 | €1,076 | €2,332 | +€1,256 | +117% |
| Suppliers | 440/4 | €1,076 | €2,332 | +€1,256 | +117% |
| Taxes, remuneration and social security | 45 | €9,157 | €12,246 | +€3,089 | +33.7% |
| Taxes | 450/3 | €7,869 | €10,336 | +€2,467 | +31.3% |
| Remuneration and social security | 454/9 | €1,288 | €1,910 | +€622 | +48.3% |
| Other amounts payable | 47/48 | €12,023 | €14,922 | +€2,899 | +24.1% |
| Accrued charges and deferred income | 492/3 | €349 | €326 | -€23 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,190 | €11,582 | +€392 | +3.5% |
| Other operating charges | 640/8 | €1,276 | €1,481 | +€205 | +16.1% |
| Gross operating margin | 9900 | €47,217 | €47,304 | +€87 | +0.2% |
| Operating profit (loss) | 9901 | €34,752 | €34,242 | -€510 | -1.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +750% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +750% |
| Financial charges | 65/66B | €211 | €187 | -€24 | -11.4% |
| Recurring financial charges | 65 | €211 | €187 | -€24 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €34,541 | €34,055 | -€486 | -1.4% |
| Income taxes | 67/77 | €10,403 | €10,171 | -€233 | -2.2% |
| Profit (loss) for the period | 9904 | €24,138 | €23,884 | -€253 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,138 | €23,884 | -€253 | -1.0% |
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 13 October 2026 via checked.be.