Rev-Up: 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.
What changed
Rev-Up
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€349,419-€719,150
Equity
€136.8m
2024 · €108.6m+€28.2m
Cash
€16,997
2024 · €13,441+€3,556
Balance sheet total
€142.4m
2024 · €112.2m+€30.2m
Largest movements
Assets
- Financial fixed assets +€29.3m
up €29.3m (+26.4%), from €110.9m to €140.2m
of which Affiliated companies: +€29.3m
Equity and liabilities
- Contributions +€29.3m
up €29.3m (+28.4%), from €103.1m to €132.4m
Income statement
- Services and other goods +€996,443
up €996,443 (+154.8%), from €643,667 to €1.6m
- Turnover +€143,898
up €143,898 (+20.8%), from €691,000 to €834,898
- Financial charges -€132,370
down €132,370 (-33.5%), from €394,624 to €262,254
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.
Result 2024
-€349,419
Turnover
+€143,898
Other operating income
+€45
Services and other goods
-€996,443
Other operating charges
+€980
Financial charges
+€132,370
Result 2025
-€1.1m
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.
From operations
-€119,969
Investment
-€29.3m
Financing
+€29.4m
Cash 2024
€13,441
From operations (derived)
-€119,969
Net result for the year
-€1.1m
Receivables within one year
-€979,597
Deferred charges and accrued income
+€38,055
Trade debts
+€1.2m
Other debts
+€728,926
Investment (derived)
-€29.3m
Investment in fixed assets (net)
-€29.3m
Financing
+€29.4m
Debts after one year
+€120,000
Contributions, distributions and other
+€29.3m
Cash 2025
€16,997
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,223,839 | €142,436,667 | +€30.2m | +26.9% |
| Fixed assets | 21/28 | €110,913,791 | €140,181,521 | +€29.3m | +26.4% |
| Financial fixed assets | 28 | €110,913,791 | €140,181,521 | +€29.3m | +26.4% |
| Affiliated companies | 280/1 | €110,913,791 | €140,181,194 | +€29.3m | +26.4% |
| Participating interests | 280 | €110,913,791 | €140,181,194 | +€29.3m | +26.4% |
| Other financial fixed assets | 284/8 | - | €327 | +€327 | |
| Amounts receivable and cash guarantees | 285/8 | - | €327 | +€327 | |
| Current assets | 29/58 | €1,310,048 | €2,255,146 | +€945,098 | +72.1% |
| Amounts receivable within one year | 40/41 | €1,205,875 | €2,185,472 | +€979,597 | +81.2% |
| Trade receivables | 40 | €1,052,390 | €2,032,397 | +€980,007 | +93.1% |
| Other amounts receivable | 41 | €153,485 | €153,075 | -€410 | -0.3% |
| Cash at bank and in hand | 54/58 | €13,441 | €16,997 | +€3,556 | +26.5% |
| Deferred charges and accrued income | 490/1 | €90,732 | €52,677 | -€38,055 | -41.9% |
| Total equity and liabilities | 10/49 | €112,223,839 | €142,436,667 | +€30.2m | +26.9% |
| Equity | 10/15 | €108,637,780 | €136,840,466 | +€28.2m | +26.0% |
| Contributions | 10/11 | €103,114,925 | €132,386,180 | +€29.3m | +28.4% |
| Capital | 10 | €103,114,925 | €132,386,180 | +€29.3m | +28.4% |
| Issued capital | 100 | €103,114,925 | €132,386,180 | +€29.3m | +28.4% |
| Reserves | 13 | €769,405 | €769,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €769,405 | €769,405 | = | 0.0% |
| Legal reserve | 130 | €769,405 | €769,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,753,450 | €3,684,881 | -€1.1m | -22.5% |
| Amounts payable | 17/49 | €3,586,059 | €5,596,201 | +€2.0m | +56.1% |
| Amounts payable after more than one year | 17 | €2,798,171 | €2,918,171 | +€120,000 | +4.3% |
| Other amounts payable | 178/9 | €2,798,171 | €2,918,171 | +€120,000 | +4.3% |
| Amounts payable within one year | 42/48 | €787,888 | €2,678,030 | +€1.9m | +239.9% |
| Trade debts | 44 | €391,739 | €1,552,955 | +€1.2m | +296.4% |
| Suppliers | 440/4 | €391,739 | €1,552,955 | +€1.2m | +296.4% |
| Other amounts payable | 47/48 | €396,149 | €1,125,075 | +€728,926 | +184.0% |
| Operating income | 70/76A | €691,000 | €834,943 | +€143,943 | +20.8% |
| Turnover | 70 | €691,000 | €834,898 | +€143,898 | +20.8% |
| Other operating income | 74 | - | €45 | +€45 | |
| Operating charges | 60/66A | €645,795 | €1,641,258 | +€995,463 | +154.1% |
| Services and other goods | 61 | €643,667 | €1,640,110 | +€996,443 | +154.8% |
| Other operating charges | 640/8 | €2,128 | €1,148 | -€980 | -46.1% |
| Operating profit (loss) | 9901 | €45,205 | -€806,315 | -€851,520 | |
| Financial charges | 65/66B | €394,624 | €262,254 | -€132,370 | -33.5% |
| Recurring financial charges | 65 | €394,624 | €262,254 | -€132,370 | -33.5% |
| Other financial charges | 652/9 | €394,624 | €262,254 | -€132,370 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€349,419 | -€1,068,569 | -€719,150 | -205.8% |
| Profit (loss) for the period | 9904 | -€349,419 | -€1,068,569 | -€719,150 | -205.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€349,419 | -€1,068,569 | -€719,150 | -205.8% |
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 1 October 2026 via checked.be.