REListic PM+: 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.
REListic PM+
Largest movements
- Cash +€24,944
up €24,944 (+33.3%), from €74,992 to €99,935
mainly Net result for the year (+€51,926) and Depreciation (+€14,930)
- Tangible fixed assets -€10,065
down €10,065 (-22.1%), from €45,497 to €35,432
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€6,240
up €6,240 (+39.6%), from €15,762 to €22,002
of which Trade receivables: +€5,916
- Reserves +€21,926
up €21,926 (+31.4%), from €69,807 to €91,732
- Debts after one year -€11,504
down €11,504 (-51.1%), from €22,498 to €10,994
- Tax, wage and social debts -€2,531
down €2,531 (-14.9%), from €16,951 to €14,420
- Depreciation +€3,206
up €3,206 (+27.3%), from €11,724 to €14,930
- Gross operating margin +€2,730
up €2,730 (+3.4%), from €79,565 to €82,295
- Financial income -€1,491
down €1,491 (-49.9%), from €2,985 to €1,494
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 | €147,911 | €157,721 | +€9,810 | +6.6% |
| Fixed assets | 21/28 | €45,497 | €35,432 | -€10,065 | -22.1% |
| Tangible fixed assets | 22/27 | €45,497 | €35,432 | -€10,065 | -22.1% |
| Furniture and vehicles | 24 | €45,497 | €35,432 | -€10,065 | -22.1% |
| Current assets | 29/58 | €102,415 | €122,289 | +€19,874 | +19.4% |
| Amounts receivable within one year | 40/41 | €15,762 | €22,002 | +€6,240 | +39.6% |
| Trade receivables | 40 | €14,346 | €20,262 | +€5,916 | +41.2% |
| Other amounts receivable | 41 | €1,416 | €1,740 | +€324 | +22.9% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €74,992 | €99,935 | +€24,944 | +33.3% |
| Deferred charges and accrued income | 490/1 | €1,661 | €352 | -€1,309 | -78.8% |
| Total equity and liabilities | 10/49 | €147,911 | €157,721 | +€9,810 | +6.6% |
| Equity | 10/15 | €88,407 | €110,332 | +€21,926 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,807 | €91,732 | +€21,926 | +31.4% |
| Distributable reserves | 133 | €69,807 | €91,732 | +€21,926 | +31.4% |
| Amounts payable | 17/49 | €59,505 | €47,389 | -€12,116 | -20.4% |
| Amounts payable after more than one year | 17 | €22,498 | €10,994 | -€11,504 | -51.1% |
| Financial debts | 170/4 | €22,498 | €10,994 | -€11,504 | -51.1% |
| Amounts payable within one year | 42/48 | €35,506 | €34,794 | -€712 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €11,014 | €11,504 | +€490 | +4.4% |
| Trade debts | 44 | €3,927 | €4,070 | +€143 | +3.7% |
| Suppliers | 440/4 | €3,927 | €4,070 | +€143 | +3.7% |
| Taxes, remuneration and social security | 45 | €16,951 | €14,420 | -€2,531 | -14.9% |
| Taxes | 450/3 | €16,951 | €14,420 | -€2,531 | -14.9% |
| Other amounts payable | 47/48 | €3,614 | €4,800 | +€1,186 | +32.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,600 | +€100 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,724 | €14,930 | +€3,206 | +27.3% |
| Other operating charges | 640/8 | €887 | €901 | +€15 | +1.6% |
| Non-recurring operating charges | 66A | €81 | €463 | +€382 | +470.6% |
| Gross operating margin | 9900 | €79,565 | €82,295 | +€2,730 | +3.4% |
| Operating profit (loss) | 9901 | €66,873 | €66,001 | -€872 | -1.3% |
| Financial income | 75/76B | €2,985 | €1,494 | -€1,491 | -49.9% |
| Recurring financial income | 75 | €2,985 | €1,494 | -€1,491 | -49.9% |
| Financial charges | 65/66B | €2,009 | €1,801 | -€208 | -10.3% |
| Recurring financial charges | 65 | €2,009 | €1,801 | -€208 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €67,849 | €65,693 | -€2,155 | -3.2% |
| Income taxes | 67/77 | €14,095 | €13,768 | -€327 | -2.3% |
| Profit (loss) for the period | 9904 | €53,754 | €51,926 | -€1,828 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,754 | €51,926 | -€1,828 | -3.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.