RELOTRUST: 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.
RELOTRUST
Largest movements
- Cash -€33,186
down €33,186 (-72.3%), from €45,891 to €12,705
mainly Net result for the year (-€22,228) and Investment in fixed assets (net) (-€12,473)
- Receivables within one year -€24,392
down €24,392 (-77.5%), from €31,490 to €7,098
of which Trade receivables: -€31,490
- Tangible fixed assets +€10,257
up €10,257 (+782.8%), from €1,310 to €11,568
- Profit (loss) carried forward -€22,228
down €22,228 (-99.6%), from -€22,311 to -€44,539
- Trade debts -€11,833
down €11,833 (-61.0%), from €19,384 to €7,551
- Tax, wage and social debts -€10,919
no longer reported in 2025 (was €10,919)
- Other debts -€2,340
down €2,340 (-78.2%), from €2,991 to €651
- Gross operating margin +€1,041
up €1,041 (+5.2%), from -€20,080 to -€19,038
- Depreciation +€818
up €818 (+58.5%), from €1,398 to €2,216
- Financial charges +€217
up €217 (+24.8%), from €875 to €1,092
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 | €78,692 | €31,371 | -€47,320 | -60.1% |
| Fixed assets | 21/28 | €1,310 | €11,568 | +€10,257 | +782.8% |
| Tangible fixed assets | 22/27 | €1,310 | €11,568 | +€10,257 | +782.8% |
| Furniture and vehicles | 24 | €1,310 | €11,568 | +€10,257 | +782.8% |
| Current assets | 29/58 | €77,381 | €19,803 | -€57,578 | -74.4% |
| Amounts receivable within one year | 40/41 | €31,490 | €7,098 | -€24,392 | -77.5% |
| Trade receivables | 40 | €31,490 | - | -€31,490 | |
| Other amounts receivable | 41 | - | €7,098 | +€7,098 | |
| Cash at bank and in hand | 54/58 | €45,891 | €12,705 | -€33,186 | -72.3% |
| Total equity and liabilities | 10/49 | €78,692 | €31,371 | -€47,320 | -60.1% |
| Equity | 10/15 | €45,397 | €23,170 | -€22,228 | -49.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,209 | €65,209 | = | 0.0% |
| Distributable reserves | 133 | €65,209 | €65,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,311 | -€44,539 | -€22,228 | -99.6% |
| Amounts payable | 17/49 | €33,294 | €8,201 | -€25,093 | -75.4% |
| Amounts payable within one year | 42/48 | €33,294 | €8,201 | -€25,093 | -75.4% |
| Trade debts | 44 | €19,384 | €7,551 | -€11,833 | -61.0% |
| Suppliers | 440/4 | €19,384 | €7,551 | -€11,833 | -61.0% |
| Taxes, remuneration and social security | 45 | €10,919 | - | -€10,919 | |
| Taxes | 450/3 | €10,919 | - | -€10,919 | |
| Other amounts payable | 47/48 | €2,991 | €651 | -€2,340 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,398 | €2,216 | +€818 | +58.5% |
| Gross operating margin | 9900 | -€20,080 | -€19,038 | +€1,041 | +5.2% |
| Operating profit (loss) | 9901 | -€21,477 | -€21,254 | +€223 | +1.0% |
| Financial income | 75/76B | €41 | €119 | +€78 | +189.1% |
| Recurring financial income | 75 | €41 | €119 | +€78 | +189.1% |
| Financial charges | 65/66B | €875 | €1,092 | +€217 | +24.8% |
| Recurring financial charges | 65 | €875 | €1,092 | +€217 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,311 | -€22,228 | +€84 | +0.4% |
| Profit (loss) for the period | 9904 | -€22,311 | -€22,228 | +€84 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,311 | -€22,228 | +€84 | +0.4% |
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 2 October 2026 via checked.be.