REV'L: 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.
REV'L
Largest movements
- Tangible fixed assets +€29,661
up €29,661 (+182.0%), from €16,300 to €45,961
of which Furniture and vehicles: +€30,026
- Receivables within one year +€6,164
up €6,164 (+154.2%), from €3,997 to €10,161
of which Trade receivables: +€4,012
- Stocks and contracts -€5,434
down €5,434 (-34.6%), from €15,722 to €10,288
- Cash -€3,397
down €3,397 (-41.7%), from €8,146 to €4,749
mainly Investment in fixed assets (net) (-€36,791) and Other debts (-€11,998)
- Receivables after one year +€1,325
new in 2025: €1,325
- Debts after one year +€29,450
new in 2025: €29,450
- Profit (loss) carried forward +€13,865
up €13,865 (+526.0%), from €2,636 to €16,501
- Other debts -€11,998
down €11,998 (-41.6%), from €28,872 to €16,874
- Tax, wage and social debts -€1,740
down €1,740 (-39.2%), from €4,439 to €2,699
- Trade debts -€944
no longer reported in 2025 (was €944)
- Gross operating margin +€6,773
up €6,773 (+26.6%), from €25,453 to €32,226
- Depreciation +€5,136
up €5,136 (+257.6%), from €1,994 to €7,130
- Write-downs -€5,000
no longer reported in 2025 (was €5,000)
- Taxes +€2,369
up €2,369 (+99.2%), from €2,388 to €4,757
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 | €44,391 | €73,024 | +€28,633 | +64.5% |
| Fixed assets | 21/28 | €16,300 | €45,961 | +€29,661 | +182.0% |
| Tangible fixed assets | 22/27 | €16,300 | €45,961 | +€29,661 | +182.0% |
| Land and buildings | 22 | €16,300 | - | -€16,300 | |
| Furniture and vehicles | 24 | - | €30,026 | +€30,026 | |
| Other tangible fixed assets | 26 | - | €15,935 | +€15,935 | |
| Current assets | 29/58 | €28,091 | €27,063 | -€1,028 | -3.7% |
| Amounts receivable after more than one year | 29 | - | €1,325 | +€1,325 | |
| Other amounts receivable | 291 | - | €1,325 | +€1,325 | |
| Stocks and contracts in progress | 3 | €15,722 | €10,288 | -€5,434 | -34.6% |
| Stocks | 30/36 | €15,722 | €10,288 | -€5,434 | -34.6% |
| Amounts receivable within one year | 40/41 | €3,997 | €10,161 | +€6,164 | +154.2% |
| Trade receivables | 40 | €3,997 | €8,009 | +€4,012 | +100.4% |
| Other amounts receivable | 41 | - | €2,152 | +€2,152 | |
| Cash at bank and in hand | 54/58 | €8,146 | €4,749 | -€3,397 | -41.7% |
| Deferred charges and accrued income | 490/1 | €226 | €540 | +€314 | +138.9% |
| Total equity and liabilities | 10/49 | €44,391 | €73,024 | +€28,633 | +64.5% |
| Equity | 10/15 | €10,136 | €24,001 | +€13,865 | +136.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,636 | €16,501 | +€13,865 | +526.0% |
| Amounts payable | 17/49 | €34,255 | €49,023 | +€14,768 | +43.1% |
| Amounts payable after more than one year | 17 | - | €29,450 | +€29,450 | |
| Financial debts | 170/4 | - | €29,450 | +€29,450 | |
| Amounts payable within one year | 42/48 | €34,255 | €19,573 | -€14,682 | -42.9% |
| Trade debts | 44 | €944 | - | -€944 | |
| Suppliers | 440/4 | €944 | - | -€944 | |
| Taxes, remuneration and social security | 45 | €4,439 | €2,699 | -€1,740 | -39.2% |
| Taxes | 450/3 | €4,439 | €2,699 | -€1,740 | -39.2% |
| Other amounts payable | 47/48 | €28,872 | €16,874 | -€11,998 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,994 | €7,130 | +€5,136 | +257.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €606 | €444 | -€162 | -26.7% |
| Gross operating margin | 9900 | €25,453 | €32,226 | +€6,773 | +26.6% |
| Operating profit (loss) | 9901 | €17,853 | €24,652 | +€6,799 | +38.1% |
| Financial income | 75/76B | €192 | €192 | = | 0.0% |
| Recurring financial income | 75 | €192 | €192 | = | 0.0% |
| Financial charges | 65/66B | €51 | €122 | +€71 | +139.2% |
| Recurring financial charges | 65 | €51 | €122 | +€71 | +139.2% |
| Profit (loss) for the period before taxes | 9903 | €17,994 | €24,722 | +€6,728 | +37.4% |
| Income taxes | 67/77 | €2,388 | €4,757 | +€2,369 | +99.2% |
| Profit (loss) for the period | 9904 | €15,606 | €19,965 | +€4,359 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,606 | €19,965 | +€4,359 | +27.9% |
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 8 October 2026 via checked.be.