RELIFLOW: 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.
RELIFLOW
Largest movements
- Cash +€38,898
up €38,898 (+80.4%), from €48,362 to €87,261
mainly Net result for the year (+€67,602) and Depreciation (+€5,263)
- Receivables within one year +€9,801
up €9,801 (+47.0%), from €20,841 to €30,642
of which Other amounts receivable: +€22,413
- Tangible fixed assets +€6,826
up €6,826 (+84.1%), from €8,120 to €14,946
of which Plant, machinery and equipment: +€6,971
- Deferred charges and accrued income +€2,101
up €2,101 (+96.4%), from €2,180 to €4,281
- Reserves +€67,602
up €67,602 (+176%), from €38,493 to €106,095
- Tax, wage and social debts -€5,485
down €5,485 (-37.7%), from €14,531 to €9,046
- Accrued charges and deferred income -€2,786
down €2,786 (-65.3%), from €4,265 to €1,480
- Other debts -€1,620
down €1,620 (-100%), from €1,620 to €0
- Gross operating margin +€32,087
up €32,087 (+73.4%), from €43,721 to €75,807
- Financial income +€14,907
up €14,907 (+141,428%), from €11 to €14,917
of which Non-recurring financial income: +€14,706
- Taxes +€7,258
up €7,258 (+89.5%), from €8,114 to €15,372
- Depreciation -€5,606
down €5,606 (-51.6%), from €10,869 to €5,263
- Financial charges +€1,627
up €1,627 (+490%), from €332 to €1,959
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 | €79,503 | €137,130 | +€57,626 | +72.5% |
| Fixed assets | 21/28 | €8,120 | €14,946 | +€6,826 | +84.1% |
| Tangible fixed assets | 22/27 | €8,120 | €14,946 | +€6,826 | +84.1% |
| Plant, machinery and equipment | 23 | €7,032 | €14,002 | +€6,971 | +99.1% |
| Furniture and vehicles | 24 | €1,088 | €944 | -€145 | -13.3% |
| Current assets | 29/58 | €71,384 | €122,184 | +€50,800 | +71.2% |
| Amounts receivable within one year | 40/41 | €20,841 | €30,642 | +€9,801 | +47.0% |
| Trade receivables | 40 | €20,829 | €8,217 | -€12,612 | -60.6% |
| Other amounts receivable | 41 | €13 | €22,426 | +€22,413 | +179,306% |
| Cash at bank and in hand | 54/58 | €48,362 | €87,261 | +€38,898 | +80.4% |
| Deferred charges and accrued income | 490/1 | €2,180 | €4,281 | +€2,101 | +96.4% |
| Total equity and liabilities | 10/49 | €79,503 | €137,130 | +€57,626 | +72.5% |
| Equity | 10/15 | €58,493 | €126,095 | +€67,602 | +116% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,493 | €106,095 | +€67,602 | +176% |
| Distributable reserves | 133 | €38,493 | €106,095 | +€67,602 | +176% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €21,011 | €11,034 | -€9,976 | -47.5% |
| Amounts payable within one year | 42/48 | €16,745 | €9,555 | -€7,191 | -42.9% |
| Trade debts | 44 | €594 | €508 | -€86 | -14.4% |
| Suppliers | 440/4 | €594 | €508 | -€86 | -14.4% |
| Taxes, remuneration and social security | 45 | €14,531 | €9,046 | -€5,485 | -37.7% |
| Taxes | 450/3 | €14,531 | €9,046 | -€5,485 | -37.7% |
| Other amounts payable | 47/48 | €1,620 | €0 | -€1,620 | -100% |
| Accrued charges and deferred income | 492/3 | €4,265 | €1,480 | -€2,786 | -65.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,869 | €5,263 | -€5,606 | -51.6% |
| Other operating charges | 640/8 | €575 | €527 | -€48 | -8.3% |
| Gross operating margin | 9900 | €43,721 | €75,807 | +€32,087 | +73.4% |
| Operating profit (loss) | 9901 | €32,277 | €70,017 | +€37,740 | +117% |
| Financial income | 75/76B | €11 | €14,917 | +€14,907 | +141,428% |
| Recurring financial income | 75 | €11 | €211 | +€201 | +1,904% |
| Non-recurring financial income | 76B | - | €14,706 | +€14,706 | |
| Financial charges | 65/66B | €332 | €1,959 | +€1,627 | +490% |
| Recurring financial charges | 65 | €332 | €1,959 | +€1,627 | +490% |
| Profit (loss) for the period before taxes | 9903 | €31,955 | €82,974 | +€51,019 | +160% |
| Income taxes | 67/77 | €8,114 | €15,372 | +€7,258 | +89.5% |
| Profit (loss) for the period | 9904 | €23,842 | €67,602 | +€43,761 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €23,842 | €67,602 | +€43,761 | +184% |
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 17 October 2026 via checked.be.