Rely On: 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.
Rely On
Largest movements
- Receivables within one year +€35,777
up €35,777 (+76.3%), from €46,874 to €82,650
of which Trade receivables: +€25,460
- Cash +€5,816
up €5,816 (+48.3%), from €12,034 to €17,850
mainly Net result for the year (+€21,505) and Other debts (+€17,704)
- Other debts +€17,704
up €17,704 (+1,313%), from €1,349 to €19,053
- Trade debts +€9,308
up €9,308 (+181%), from €5,149 to €14,457
- Advances received +€6,464
new in 2025: €6,464
- Reserves +€4,303
up €4,303 (+12.2%), from €35,324 to €39,627
- Accrued charges and deferred income +€1,717
new in 2025: €1,717
- Gross operating margin +€36,085
up €36,085, from -€292 to €35,792
- Taxes +€9,867
up €9,867 (+1,068%), from €924 to €10,791
- Financial income +€799
up €799 (+75.8%), from €1,055 to €1,854
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 | €85,768 | €126,263 | +€40,496 | +47.2% |
| Fixed assets | 21/28 | €23,434 | €23,501 | +€67 | +0.3% |
| Tangible fixed assets | 22/27 | €8,434 | €8,501 | +€67 | +0.8% |
| Plant, machinery and equipment | 23 | €3,937 | €5,782 | +€1,845 | +46.9% |
| Furniture and vehicles | 24 | €4,497 | €2,719 | -€1,778 | -39.5% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €62,333 | €102,762 | +€40,429 | +64.9% |
| Amounts receivable within one year | 40/41 | €46,874 | €82,650 | +€35,777 | +76.3% |
| Trade receivables | 40 | €14,061 | €39,521 | +€25,460 | +181% |
| Other amounts receivable | 41 | €32,812 | €43,129 | +€10,317 | +31.4% |
| Cash at bank and in hand | 54/58 | €12,034 | €17,850 | +€5,816 | +48.3% |
| Deferred charges and accrued income | 490/1 | €3,426 | €2,262 | -€1,164 | -34.0% |
| Total equity and liabilities | 10/49 | €85,768 | €126,263 | +€40,496 | +47.2% |
| Equity | 10/15 | €76,238 | €80,542 | +€4,303 | +5.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,324 | €39,627 | +€4,303 | +12.2% |
| Distributable reserves | 133 | €35,324 | €39,627 | +€4,303 | +12.2% |
| Profit (loss) carried forward | 14 | €39,914 | €39,914 | = | 0.0% |
| Amounts payable | 17/49 | €9,529 | €45,722 | +€36,193 | +380% |
| Amounts payable within one year | 42/48 | €9,529 | €44,005 | +€34,476 | +362% |
| Trade debts | 44 | €5,149 | €14,457 | +€9,308 | +181% |
| Suppliers | 440/4 | €5,149 | €14,457 | +€9,308 | +181% |
| Advances received on contracts in progress | 46 | - | €6,464 | +€6,464 | |
| Taxes, remuneration and social security | 45 | €3,031 | €4,031 | +€1,000 | +33.0% |
| Taxes | 450/3 | €3,031 | €4,031 | +€1,000 | +33.0% |
| Other amounts payable | 47/48 | €1,349 | €19,053 | +€17,704 | +1,313% |
| Accrued charges and deferred income | 492/3 | - | €1,717 | +€1,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,583 | €2,733 | +€151 | +5.8% |
| Other operating charges | 640/8 | €946 | €866 | -€81 | -8.6% |
| Gross operating margin | 9900 | -€292 | €35,792 | +€36,085 | |
| Operating profit (loss) | 9901 | -€3,821 | €32,194 | +€36,015 | |
| Financial income | 75/76B | €1,055 | €1,854 | +€799 | +75.8% |
| Recurring financial income | 75 | €1,055 | €1,854 | +€799 | +75.8% |
| Financial charges | 65/66B | €2,096 | €1,752 | -€345 | -16.4% |
| Recurring financial charges | 65 | €2,096 | €1,752 | -€345 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,863 | €32,296 | +€37,159 | |
| Income taxes | 67/77 | €924 | €10,791 | +€9,867 | +1,068% |
| Profit (loss) for the period | 9904 | -€5,787 | €21,505 | +€27,292 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,787 | €21,505 | +€27,292 |
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 16 October 2026 via checked.be.