REOLISE: 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.
REOLISE
Largest movements
- Tangible fixed assets +€82,992
up €82,992 (+891%), from €9,317 to €92,310
of which Furniture and vehicles: +€78,964
- Receivables after one year -€78,043
down €78,043 (-38.6%), from €202,160 to €124,117
of which Other amounts receivable: -€78,043
- Cash +€46,259
up €46,259 (+195%), from €23,744 to €70,003
mainly Receivables after one year (+€78,043) and Debts after one year (+€45,936)
- Receivables within one year +€15,125
up €15,125 (+55.6%), from €27,225 to €42,350
of which Trade receivables: +€15,125
- Debts after one year +€45,936
new in 2025: €45,936
- Other debts +€28,473
up €28,473 (+397%), from €7,167 to €35,640
- Reserves -€18,146
down €18,146 (-8.7%), from €207,865 to €189,719
- Current portion of long-term debt +€11,299
new in 2025: €11,299
- Trade debts -€4,134
down €4,134 (-46.8%), from €8,826 to €4,692
- Financial charges +€169,391
up €169,391, from -€89,630 to €79,761
- Gross operating margin +€69,855
up €69,855 (+84.0%), from €83,127 to €152,982
- Taxes -€16,765
down €16,765 (-32.4%), from €51,675 to €34,910
- Depreciation +€4,077
up €4,077 (+136%), from €2,999 to €7,076
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 | €264,558 | €331,450 | +€66,892 | +25.3% |
| Fixed assets | 21/28 | €9,317 | €92,310 | +€82,992 | +891% |
| Tangible fixed assets | 22/27 | €9,317 | €92,310 | +€82,992 | +891% |
| Plant, machinery and equipment | 23 | €1,822 | €5,851 | +€4,028 | +221% |
| Furniture and vehicles | 24 | €7,495 | €86,459 | +€78,964 | +1,054% |
| Current assets | 29/58 | €255,240 | €239,140 | -€16,100 | -6.3% |
| Amounts receivable after more than one year | 29 | €202,160 | €124,117 | -€78,043 | -38.6% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €202,160 | €124,117 | -€78,043 | -38.6% |
| Amounts receivable within one year | 40/41 | €27,225 | €42,350 | +€15,125 | +55.6% |
| Trade receivables | 40 | €27,225 | €42,350 | +€15,125 | +55.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €23,744 | €70,003 | +€46,259 | +195% |
| Deferred charges and accrued income | 490/1 | €2,112 | €2,671 | +€559 | +26.5% |
| Total equity and liabilities | 10/49 | €264,558 | €331,450 | +€66,892 | +25.3% |
| Equity | 10/15 | €227,189 | €208,319 | -€18,870 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,865 | €189,719 | -€18,146 | -8.7% |
| Distributable reserves | 133 | €207,865 | €189,719 | -€18,146 | -8.7% |
| Profit (loss) carried forward | 14 | €724 | €0 | -€724 | -100% |
| Amounts payable | 17/49 | €37,369 | €123,131 | +€85,762 | +230% |
| Amounts payable after more than one year | 17 | - | €45,936 | +€45,936 | |
| Financial debts | 170/4 | - | €45,936 | +€45,936 | |
| Amounts payable within one year | 42/48 | €37,369 | €77,195 | +€39,827 | +107% |
| Current portion of amounts payable after more than one year | 42 | - | €11,299 | +€11,299 | |
| Financial debts | 43 | €3,755 | €6,752 | +€2,997 | +79.8% |
| Credit institutions | 430/8 | €3,755 | €6,752 | +€2,997 | +79.8% |
| Trade debts | 44 | €8,826 | €4,692 | -€4,134 | -46.8% |
| Suppliers | 440/4 | €8,826 | €4,692 | -€4,134 | -46.8% |
| Taxes, remuneration and social security | 45 | €17,620 | €18,812 | +€1,192 | +6.8% |
| Taxes | 450/3 | €17,620 | €18,812 | +€1,192 | +6.8% |
| Other amounts payable | 47/48 | €7,167 | €35,640 | +€28,473 | +397% |
| Non-recurring operating income | 76A | - | €10,823 | +€10,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,999 | €7,076 | +€4,077 | +136% |
| Other operating charges | 640/8 | €1,905 | €1,370 | -€535 | -28.1% |
| Gross operating margin | 9900 | €83,127 | €152,982 | +€69,855 | +84.0% |
| Operating profit (loss) | 9901 | €78,224 | €144,536 | +€66,312 | +84.8% |
| Financial income | 75/76B | €143 | €187 | +€44 | +30.9% |
| Recurring financial income | 75 | €143 | €187 | +€44 | +30.9% |
| Financial charges | 65/66B | -€89,630 | €79,761 | +€169,391 | |
| Recurring financial charges | 65 | -€89,630 | €79,761 | +€169,391 | |
| Profit (loss) for the period before taxes | 9903 | €167,997 | €64,962 | -€103,034 | -61.3% |
| Income taxes | 67/77 | €51,675 | €34,910 | -€16,765 | -32.4% |
| Profit (loss) for the period | 9904 | €116,321 | €30,052 | -€86,269 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,321 | €30,052 | -€86,269 | -74.2% |
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 27 October 2026 via checked.be.