REVA: 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.
REVA
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+2125.1%), from €54,790 to €1.2m
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€37,787
up €37,787 (+2858.2%), from €1,322 to €39,109
of which Trade receivables: +€35,721
- Cash +€19,008
up €19,008 (+67.1%), from €28,314 to €47,322
mainly Short-term financial debts (+€850,000) and Other debts (+€536,690)
- Short-term financial debts +€850,000
new in 2025: €850,000
- Other debts +€536,690
up €536,690 (+733.8%), from €73,141 to €609,831
- Profit (loss) carried forward -€69,137
down €69,137 (-80.8%), from -€85,615 to -€154,753
- Gross operating margin +€17,121
up €17,121 (+25.7%), from -€66,713 to -€49,591
- Other operating charges +€2,564
up €2,564 (+16.0%), from €16,011 to €18,575
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 | €95,263 | €1,411,498 | +€1.3m | +1381.7% |
| Fixed assets | 21/28 | €7,049 | €290 | -€6,759 | -95.9% |
| Tangible fixed assets | 22/27 | €435 | €290 | -€145 | -33.3% |
| Land and buildings | 22 | €435 | €290 | -€145 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €6,614 | €0 | -€6,614 | -100.0% |
| Current assets | 29/58 | €88,214 | €1,411,207 | +€1.3m | +1499.8% |
| Stocks and contracts in progress | 3 | €54,790 | €1,219,136 | +€1.2m | +2125.1% |
| Stocks | 30/36 | €54,790 | €1,219,136 | +€1.2m | +2125.1% |
| Amounts receivable within one year | 40/41 | €1,322 | €39,109 | +€37,787 | +2858.2% |
| Trade receivables | 40 | €1,321 | €37,042 | +€35,721 | +2704.7% |
| Other amounts receivable | 41 | €1 | €2,067 | +€2,065 | +152997.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €28,314 | €47,322 | +€19,008 | +67.1% |
| Deferred charges and accrued income | 490/1 | €3,788 | €5,641 | +€1,853 | +48.9% |
| Total equity and liabilities | 10/49 | €95,263 | €1,411,498 | +€1.3m | +1381.7% |
| Equity | 10/15 | -€78,165 | -€147,303 | -€69,137 | -88.4% |
| Contributions | 10/11 | €7,450 | €7,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,615 | -€154,753 | -€69,137 | -80.8% |
| Amounts payable | 17/49 | €173,428 | €1,558,800 | +€1.4m | +798.8% |
| Amounts payable after more than one year | 17 | €89,500 | €89,500 | = | 0.0% |
| Financial debts | 170/4 | €89,500 | €89,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,928 | €1,469,300 | +€1.4m | +1650.7% |
| Financial debts | 43 | - | €850,000 | +€850,000 | |
| Credit institutions | 430/8 | - | €850,000 | +€850,000 | |
| Trade debts | 44 | €8,896 | €9,469 | +€573 | +6.4% |
| Suppliers | 440/4 | €8,896 | €9,469 | +€573 | +6.4% |
| Taxes, remuneration and social security | 45 | €1,892 | €0 | -€1,892 | -100.0% |
| Taxes | 450/3 | €1,892 | €0 | -€1,892 | -100.0% |
| Other amounts payable | 47/48 | €73,141 | €609,831 | +€536,690 | +733.8% |
| Non-recurring operating income | 76A | €7,985 | €0 | -€7,985 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145 | €145 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €16,011 | €18,575 | +€2,564 | +16.0% |
| Gross operating margin | 9900 | -€66,713 | -€49,591 | +€17,121 | +25.7% |
| Operating profit (loss) | 9901 | -€82,869 | -€68,311 | +€14,557 | +17.6% |
| Financial income | 75/76B | €24 | €289 | +€265 | +1085.5% |
| Recurring financial income | 75 | €24 | €289 | +€265 | +1085.5% |
| Financial charges | 65/66B | €488 | €1,115 | +€627 | +128.4% |
| Recurring financial charges | 65 | €488 | €1,115 | +€627 | +128.4% |
| Profit (loss) for the period before taxes | 9903 | -€83,333 | -€69,137 | +€14,195 | +17.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€83,333 | -€69,137 | +€14,195 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,333 | -€69,137 | +€14,195 | +17.0% |
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 4 October 2026 via checked.be.