RELIS: 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.
RELIS
Largest movements
- Cash -€7,921
down €7,921 (-14.7%), from €53,956 to €46,035
mainly Trade debts (-€12,102) and Short-term financial debts (-€9,494)
- Tangible fixed assets -€7,220
down €7,220 (-79.0%), from €9,144 to €1,924
- Trade debts -€12,102
down €12,102 (-98.9%), from €12,234 to €131
- Short-term financial debts -€9,494
no longer reported in 2026 (was €9,494)
- Profit (loss) carried forward +€6,058
up €6,058 (+16.3%), from €37,129 to €43,187
- Gross operating margin -€959
down €959 (-4.9%), from €19,737 to €18,778
- Staff costs +€932
new in 2026: €932
- Financial charges -€555
down €555 (-51.3%), from €1,082 to €528
- Depreciation -€422
down €422 (-4.3%), from €9,776 to €9,354
- Other operating charges -€347
down €347 (-89.7%), from €387 to €40
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,787 | €50,188 | -€15,599 | -23.7% |
| Fixed assets | 21/28 | €9,144 | €1,924 | -€7,220 | -79.0% |
| Tangible fixed assets | 22/27 | €9,144 | €1,924 | -€7,220 | -79.0% |
| Furniture and vehicles | 24 | €9,144 | €1,924 | -€7,220 | -79.0% |
| Current assets | 29/58 | €56,643 | €48,264 | -€8,379 | -14.8% |
| Amounts receivable within one year | 40/41 | €2,687 | €2,228 | -€458 | -17.1% |
| Other amounts receivable | 41 | €2,687 | €2,228 | -€458 | -17.1% |
| Cash at bank and in hand | 54/58 | €53,956 | €46,035 | -€7,921 | -14.7% |
| Total equity and liabilities | 10/49 | €65,787 | €50,188 | -€15,599 | -23.7% |
| Equity | 10/15 | €42,129 | €48,187 | +€6,058 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,129 | €43,187 | +€6,058 | +16.3% |
| Amounts payable | 17/49 | €23,658 | €2,001 | -€21,657 | -91.5% |
| Amounts payable within one year | 42/48 | €23,658 | €2,001 | -€21,657 | -91.5% |
| Financial debts | 43 | €9,494 | - | -€9,494 | |
| Credit institutions | 430/8 | €9,494 | - | -€9,494 | |
| Trade debts | 44 | €12,234 | €131 | -€12,102 | -98.9% |
| Suppliers | 440/4 | €12,234 | €131 | -€12,102 | -98.9% |
| Taxes, remuneration and social security | 45 | €1,931 | €1,870 | -€61 | -3.2% |
| Taxes | 450/3 | €1,931 | €1,870 | -€61 | -3.2% |
| Remuneration, social security and pensions | 62 | - | €932 | +€932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,776 | €9,354 | -€422 | -4.3% |
| Other operating charges | 640/8 | €387 | €40 | -€347 | -89.7% |
| Gross operating margin | 9900 | €19,737 | €18,778 | -€959 | -4.9% |
| Operating profit (loss) | 9901 | €9,574 | €8,453 | -€1,121 | -11.7% |
| Financial income | 75/76B | €13 | €3 | -€10 | -77.5% |
| Recurring financial income | 75 | €13 | €3 | -€10 | -77.5% |
| Financial charges | 65/66B | €1,082 | €528 | -€555 | -51.3% |
| Recurring financial charges | 65 | €1,082 | €528 | -€555 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €8,504 | €7,928 | -€576 | -6.8% |
| Income taxes | 67/77 | €1,931 | €1,870 | -€61 | -3.2% |
| Profit (loss) for the period | 9904 | €6,574 | €6,058 | -€515 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,574 | €6,058 | -€515 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.