Reloved: 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.
Reloved
Largest movements
- Current investments -€220,000
no longer reported in 2025 (was €220,000)
- Receivables within one year +€143,371
up €143,371 (+3011.2%), from €4,761 to €148,132
of which Trade receivables: +€148,132
- Cash +€100,091
up €100,091 (+314.8%), from €31,797 to €131,888
mainly Current investments (+€220,000) and Tax, wage and social debts (+€30,432)
- Deferred charges and accrued income -€3,340
down €3,340 (-54.0%), from €6,188 to €2,848
- Tax, wage and social debts +€30,432
up €30,432 (+186.6%), from €16,308 to €46,740
of which Taxes: +€35,064
- Trade debts -€6,564
down €6,564 (-55.2%), from €11,881 to €5,317
- Profit (loss) carried forward -€4,186
down €4,186 (-4.2%), from -€100,084 to -€104,270
- Gross operating margin +€89,826
up €89,826, from -€13,167 to €76,659
- Staff costs -€7,527
down €7,527 (-8.3%), from €90,423 to €82,897
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 | €269,105 | €288,787 | +€19,682 | +7.3% |
| Fixed assets | 21/28 | €1,126 | €686 | -€440 | -39.1% |
| Tangible fixed assets | 22/27 | €1,126 | €686 | -€440 | -39.1% |
| Furniture and vehicles | 24 | €1,126 | €686 | -€440 | -39.1% |
| Current assets | 29/58 | €267,979 | €288,101 | +€20,122 | +7.5% |
| Stocks and contracts in progress | 3 | €5,233 | €5,233 | = | 0.0% |
| Stocks | 30/36 | €5,233 | €5,233 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,761 | €148,132 | +€143,371 | +3011.2% |
| Trade receivables | 40 | - | €148,132 | +€148,132 | |
| Other amounts receivable | 41 | €4,761 | - | -€4,761 | |
| Current investments | 50/53 | €220,000 | - | -€220,000 | |
| Cash at bank and in hand | 54/58 | €31,797 | €131,888 | +€100,091 | +314.8% |
| Deferred charges and accrued income | 490/1 | €6,188 | €2,848 | -€3,340 | -54.0% |
| Total equity and liabilities | 10/49 | €269,105 | €288,787 | +€19,682 | +7.3% |
| Equity | 10/15 | €240,916 | €236,730 | -€4,186 | -1.7% |
| Contributions | 10/11 | €341,000 | €341,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,084 | -€104,270 | -€4,186 | -4.2% |
| Amounts payable | 17/49 | €28,189 | €52,057 | +€23,868 | +84.7% |
| Amounts payable within one year | 42/48 | €28,189 | €52,057 | +€23,868 | +84.7% |
| Trade debts | 44 | €11,881 | €5,317 | -€6,564 | -55.2% |
| Suppliers | 440/4 | €11,881 | €5,317 | -€6,564 | -55.2% |
| Taxes, remuneration and social security | 45 | €16,308 | €46,740 | +€30,432 | +186.6% |
| Taxes | 450/3 | €1,801 | €36,865 | +€35,064 | +1946.8% |
| Remuneration and social security | 454/9 | €14,507 | €9,874 | -€4,633 | -31.9% |
| Remuneration, social security and pensions | 62 | €90,423 | €82,897 | -€7,527 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194 | €440 | +€246 | +127.3% |
| Other operating charges | 640/8 | €125 | €744 | +€619 | +495.6% |
| Gross operating margin | 9900 | -€13,167 | €76,659 | +€89,826 | |
| Operating profit (loss) | 9901 | -€103,908 | -€7,422 | +€96,486 | +92.9% |
| Financial income | 75/76B | €3,840 | €3,273 | -€567 | -14.8% |
| Recurring financial income | 75 | €3,840 | €3,273 | -€567 | -14.8% |
| Financial charges | 65/66B | €15 | €37 | +€21 | +139.6% |
| Recurring financial charges | 65 | €15 | €37 | +€21 | +139.6% |
| Profit (loss) for the period before taxes | 9903 | -€100,084 | -€4,186 | +€95,898 | +95.8% |
| Profit (loss) for the period | 9904 | -€100,084 | -€4,186 | +€95,898 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,084 | -€4,186 | +€95,898 | +95.8% |
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 3 October 2026 via checked.be.