Relise: 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.
Relise
Largest movements
- Receivables within one year +€22,568
up €22,568 (+21.9%), from €102,879 to €125,447
of which Trade receivables: +€25,088
- Cash +€5,086
up €5,086 (+37.2%), from €13,654 to €18,739
mainly Trade debts (+€68,946) and Tax, wage and social debts (+€4,329)
- Trade debts +€68,946
up €68,946 (+635%), from €10,850 to €79,796
- Other debts -€36,320
down €36,320 (-100%), from €36,320 to €0
- Reserves -€9,176
down €9,176 (-15.3%), from €60,166 to €50,990
- Tax, wage and social debts +€4,329
up €4,329 (+16,864%), from €26 to €4,355
- Gross operating margin -€44,773
down €44,773, from €36,602 to -€8,171
- Other operating charges +€656
up €656 (+178%), from €370 to €1,026
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 | €116,628 | €144,407 | +€27,779 | +23.8% |
| Current assets | 29/58 | €116,628 | €144,407 | +€27,779 | +23.8% |
| Amounts receivable within one year | 40/41 | €102,879 | €125,447 | +€22,568 | +21.9% |
| Trade receivables | 40 | €51,528 | €76,616 | +€25,088 | +48.7% |
| Other amounts receivable | 41 | €51,351 | €48,831 | -€2,520 | -4.9% |
| Cash at bank and in hand | 54/58 | €13,654 | €18,739 | +€5,086 | +37.2% |
| Deferred charges and accrued income | 490/1 | €96 | €220 | +€124 | +130% |
| Total equity and liabilities | 10/49 | €116,628 | €144,407 | +€27,779 | +23.8% |
| Equity | 10/15 | €69,432 | €60,256 | -€9,176 | -13.2% |
| Contributions | 10/11 | €9,266 | €9,266 | = | 0.0% |
| Reserves | 13 | €60,166 | €50,990 | -€9,176 | -15.3% |
| Distributable reserves | 133 | €60,166 | €50,990 | -€9,176 | -15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,196 | €84,151 | +€36,954 | +78.3% |
| Amounts payable within one year | 42/48 | €47,196 | €84,151 | +€36,954 | +78.3% |
| Trade debts | 44 | €10,850 | €79,796 | +€68,946 | +635% |
| Suppliers | 440/4 | €10,850 | €79,796 | +€68,946 | +635% |
| Taxes, remuneration and social security | 45 | €26 | €4,355 | +€4,329 | +16,864% |
| Taxes | 450/3 | €26 | €4,355 | +€4,329 | +16,864% |
| Other amounts payable | 47/48 | €36,320 | €0 | -€36,320 | -100% |
| Remuneration, social security and pensions | 62 | €0 | -€85 | -€85 | |
| Other operating charges | 640/8 | €370 | €1,026 | +€656 | +178% |
| Gross operating margin | 9900 | €36,602 | -€8,171 | -€44,773 | |
| Operating profit (loss) | 9901 | €36,232 | -€9,112 | -€45,344 | |
| Financial income | 75/76B | - | €124 | +€124 | |
| Recurring financial income | 75 | - | €124 | +€124 | |
| Financial charges | 65/66B | €138 | €189 | +€50 | +36.5% |
| Recurring financial charges | 65 | €138 | €189 | +€50 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €36,094 | -€9,176 | -€45,270 | |
| Income taxes | 67/77 | €26 | €0 | -€26 | -100% |
| Profit (loss) for the period | 9904 | €36,069 | -€9,176 | -€45,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,069 | -€9,176 | -€45,244 |
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.