RELIEVE GROUP: 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.
RELIEVE GROUP
Largest movements
- Cash -€203,261
down €203,261 (-42.8%), from €474,693 to €271,433
mainly Net result for the year (-€94,082) and Trade debts (-€69,319)
- Receivables within one year +€11,606
up €11,606 (+10.8%), from €107,848 to €119,455
of which Other amounts receivable: +€15,000
- Tangible fixed assets -€9,409
down €9,409 (-26.0%), from €36,197 to €26,788
- Profit (loss) carried forward -€94,082
down €94,082, from €1,246 to -€92,836
- Trade debts -€69,319
down €69,319 (-56.4%), from €122,965 to €53,646
- Tax, wage and social debts -€21,923
down €21,923 (-28.1%), from €78,149 to €56,226
of which Remuneration and social security: -€14,175
- Debts after one year -€7,160
down €7,160 (-51.9%), from €13,789 to €6,629
- Gross operating margin -€105,558
down €105,558 (-30.4%), from €346,918 to €241,359
- Staff costs +€41,281
up €41,281 (+15.4%), from €268,518 to €309,798
- Financial income -€33,103
down €33,103 (-97.9%), from €33,826 to €723
of which Non-recurring financial income: -€31,844
- Taxes -€25,964
no longer reported in 2025 (was €25,964)
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 | €625,523 | €427,551 | -€197,972 | -31.6% |
| Fixed assets | 21/28 | €36,303 | €28,395 | -€7,909 | -21.8% |
| Tangible fixed assets | 22/27 | €36,197 | €26,788 | -€9,409 | -26.0% |
| Furniture and vehicles | 24 | €36,197 | €26,788 | -€9,409 | -26.0% |
| Financial fixed assets | 28 | €106 | €1,606 | +€1,500 | +1,410% |
| Current assets | 29/58 | €589,220 | €399,156 | -€190,063 | -32.3% |
| Stocks and contracts in progress | 3 | €6,678 | €2,250 | -€4,428 | -66.3% |
| Stocks | 30/36 | €6,678 | €2,250 | -€4,428 | -66.3% |
| Amounts receivable within one year | 40/41 | €107,848 | €119,455 | +€11,606 | +10.8% |
| Trade receivables | 40 | €107,848 | €104,455 | -€3,394 | -3.1% |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €474,693 | €271,433 | -€203,261 | -42.8% |
| Deferred charges and accrued income | 490/1 | - | €6,019 | +€6,019 | |
| Total equity and liabilities | 10/49 | €625,523 | €427,551 | -€197,972 | -31.6% |
| Equity | 10/15 | €396,046 | €301,964 | -€94,082 | -23.8% |
| Contributions | 10/11 | €331,800 | €331,800 | = | 0.0% |
| Reserves | 13 | €63,000 | €63,000 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,246 | -€92,836 | -€94,082 | |
| Amounts payable | 17/49 | €229,477 | €125,587 | -€103,890 | -45.3% |
| Amounts payable after more than one year | 17 | €13,789 | €6,629 | -€7,160 | -51.9% |
| Financial debts | 170/4 | €13,789 | €6,629 | -€7,160 | -51.9% |
| Amounts payable within one year | 42/48 | €215,688 | €118,958 | -€96,730 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €10,958 | €7,160 | -€3,798 | -34.7% |
| Trade debts | 44 | €122,965 | €53,646 | -€69,319 | -56.4% |
| Suppliers | 440/4 | €122,965 | €53,646 | -€69,319 | -56.4% |
| Taxes, remuneration and social security | 45 | €78,149 | €56,226 | -€21,923 | -28.1% |
| Taxes | 450/3 | €52,495 | €44,747 | -€7,748 | -14.8% |
| Remuneration and social security | 454/9 | €25,654 | €11,479 | -€14,175 | -55.3% |
| Other amounts payable | 47/48 | €3,616 | €1,925 | -€1,690 | -46.7% |
| Remuneration, social security and pensions | 62 | €268,518 | €309,798 | +€41,281 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,990 | €10,707 | +€1,717 | +19.1% |
| Other operating charges | 640/8 | €964 | €731 | -€233 | -24.2% |
| Non-recurring operating charges | 66A | - | €5,034 | +€5,034 | |
| Gross operating margin | 9900 | €346,918 | €241,359 | -€105,558 | -30.4% |
| Operating profit (loss) | 9901 | €68,446 | -€84,910 | -€153,356 | |
| Financial income | 75/76B | €33,826 | €723 | -€33,103 | -97.9% |
| Recurring financial income | 75 | €1,982 | €723 | -€1,259 | -63.5% |
| Non-recurring financial income | 76B | €31,844 | - | -€31,844 | |
| Financial charges | 65/66B | €8,207 | €9,895 | +€1,688 | +20.6% |
| Recurring financial charges | 65 | €8,207 | €9,895 | +€1,688 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €94,065 | -€94,082 | -€188,147 | |
| Income taxes | 67/77 | €25,964 | - | -€25,964 | |
| Profit (loss) for the period | 9904 | €68,101 | -€94,082 | -€162,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,101 | -€94,082 | -€162,183 |
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 16 October 2026 via checked.be.