RELY ASETHS: 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.
RELY ASETHS
Largest movements
- Tangible fixed assets +€9,188
up €9,188 (+25.8%), from €35,613 to €44,801
of which Other tangible fixed assets: +€8,496
- Receivables within one year -€7,197
down €7,197 (-97.8%), from €7,360 to €164
of which Other amounts receivable: -€6,917
- Cash -€5,087
down €5,087 (-77.7%), from €6,544 to €1,457
mainly Investment in fixed assets (net) (-€14,497) and Net result for the year (-€8,776)
- Profit (loss) carried forward -€8,776
down €8,776 (-121.6%), from -€7,220 to -€15,995
- Other debts +€7,000
new in 2025: €7,000
- Accrued charges and deferred income -€1,751
down €1,751 (-58.1%), from €3,011 to €1,260
- Turnover +€8,331
up €8,331 (+667.7%), from €1,248 to €9,579
- Purchases and services +€5,355
up €5,355 (+76.4%), from €7,006 to €12,361
- Depreciation +€4,502
up €4,502 (+428.3%), from €1,051 to €5,554
- Gross operating margin +€2,977
up €2,977 (+51.7%), from -€5,759 to -€2,782
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 | €50,857 | €47,343 | -€3,514 | -6.9% |
| Formation expenses | 20 | €1,166 | €921 | -€245 | -21.0% |
| Fixed assets | 21/28 | €35,613 | €44,801 | +€9,188 | +25.8% |
| Tangible fixed assets | 22/27 | €35,613 | €44,801 | +€9,188 | +25.8% |
| Plant, machinery and equipment | 23 | €491 | €315 | -€176 | -35.9% |
| Furniture and vehicles | 24 | €3,910 | €4,778 | +€868 | +22.2% |
| Other tangible fixed assets | 26 | €31,212 | €39,709 | +€8,496 | +27.2% |
| Current assets | 29/58 | €14,077 | €1,620 | -€12,457 | -88.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,360 | €164 | -€7,197 | -97.8% |
| Trade receivables | 40 | €280 | - | -€280 | |
| Other amounts receivable | 41 | €7,080 | €164 | -€6,917 | -97.7% |
| Cash at bank and in hand | 54/58 | €6,544 | €1,457 | -€5,087 | -77.7% |
| Deferred charges and accrued income | 490/1 | €174 | - | -€174 | |
| Total equity and liabilities | 10/49 | €50,857 | €47,343 | -€3,514 | -6.9% |
| Equity | 10/15 | €42,780 | €34,005 | -€8,776 | -20.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€7,220 | -€15,995 | -€8,776 | -121.6% |
| Amounts payable | 17/49 | €8,077 | €13,338 | +€5,261 | +65.1% |
| Amounts payable within one year | 42/48 | €5,066 | €12,078 | +€7,012 | +138.4% |
| Trade debts | 44 | €66 | €178 | +€112 | +170.3% |
| Suppliers | 440/4 | €66 | €178 | +€112 | +170.3% |
| Taxes, remuneration and social security | 45 | €5,000 | €4,900 | -€100 | -2.0% |
| Taxes | 450/3 | €100 | - | -€100 | |
| Remuneration and social security | 454/9 | €4,900 | €4,900 | = | 0.0% |
| Other amounts payable | 47/48 | - | €7,000 | +€7,000 | |
| Accrued charges and deferred income | 492/3 | €3,011 | €1,260 | -€1,751 | -58.1% |
| Turnover | 70 | €1,248 | €9,579 | +€8,331 | +667.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,006 | €12,361 | +€5,355 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €5,554 | +€4,502 | +428.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€5,759 | -€2,782 | +€2,977 | +51.7% |
| Operating profit (loss) | 9901 | -€7,197 | -€8,735 | -€1,538 | -21.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22 | €40 | +€18 | +79.6% |
| Recurring financial charges | 65 | €22 | €40 | +€18 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,220 | -€8,776 | -€1,556 | -21.6% |
| Profit (loss) for the period | 9904 | -€7,220 | -€8,776 | -€1,556 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,220 | -€8,776 | -€1,556 | -21.6% |
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 1 October 2026 via checked.be.