RELIOR: 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.
RELIOR
Largest movements
- Cash -€8,926
down €8,926 (-13.8%), from €64,859 to €55,932
mainly Debts after one year (-€11,176) and Investment in fixed assets (net) (-€7,573)
- Tangible fixed assets -€3,515
down €3,515 (-1.3%), from €262,599 to €259,084
- Debts after one year -€11,176
down €11,176 (-31.2%), from €35,800 to €24,625
- Gross operating margin -€1,826
down €1,826 (-10.5%), from €17,366 to €15,541
- Depreciation -€1,495
down €1,495 (-11.9%), from €12,583 to €11,088
- Financial charges -€384
down €384 (-18.7%), from €2,049 to €1,666
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 | €327,458 | €315,016 | -€12,441 | -3.8% |
| Fixed assets | 21/28 | €262,599 | €259,084 | -€3,515 | -1.3% |
| Tangible fixed assets | 22/27 | €262,599 | €259,084 | -€3,515 | -1.3% |
| Land and buildings | 22 | €262,599 | €259,084 | -€3,515 | -1.3% |
| Current assets | 29/58 | €64,859 | €55,932 | -€8,926 | -13.8% |
| Cash at bank and in hand | 54/58 | €64,859 | €55,932 | -€8,926 | -13.8% |
| Total equity and liabilities | 10/49 | €327,458 | €315,016 | -€12,441 | -3.8% |
| Equity | 10/15 | €279,911 | €278,248 | -€1,663 | -0.6% |
| Contributions | 10/11 | €282,510 | €282,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,599 | -€4,262 | -€1,663 | -64.0% |
| Amounts payable | 17/49 | €47,546 | €36,768 | -€10,778 | -22.7% |
| Amounts payable after more than one year | 17 | €35,800 | €24,625 | -€11,176 | -31.2% |
| Financial debts | 170/4 | €35,800 | €24,625 | -€11,176 | -31.2% |
| Amounts payable within one year | 42/48 | €11,746 | €12,144 | +€398 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €10,778 | €11,176 | +€398 | +3.7% |
| Trade debts | 44 | €968 | €968 | = | 0.0% |
| Suppliers | 440/4 | €968 | €968 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,583 | €11,088 | -€1,495 | -11.9% |
| Other operating charges | 640/8 | €4,316 | €4,450 | +€135 | +3.1% |
| Gross operating margin | 9900 | €17,366 | €15,541 | -€1,826 | -10.5% |
| Operating profit (loss) | 9901 | €467 | €2 | -€465 | -99.5% |
| Financial charges | 65/66B | €2,049 | €1,666 | -€384 | -18.7% |
| Recurring financial charges | 65 | €2,049 | €1,666 | -€384 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,582 | -€1,663 | -€82 | -5.2% |
| Profit (loss) for the period | 9904 | -€1,582 | -€1,663 | -€82 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,582 | -€1,663 | -€82 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.