REVABO: 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.
REVABO
Largest movements
- Receivables within one year -€390,866
down €390,866 (-59.3%), from €659,102 to €268,236
of which Trade receivables: -€213,326
- Stocks and contracts +€98,892
up €98,892 (+112%), from €88,575 to €187,467
- Cash +€55,719
up €55,719 (+26.4%), from €210,815 to €266,534
mainly Receivables within one year (+€390,866) and Depreciation (+€86,065)
- Tangible fixed assets -€41,045
down €41,045 (-7.7%), from €530,879 to €489,834
- Trade debts -€234,876
down €234,876 (-24.9%), from €942,965 to €708,089
- Reserves +€48,895
up €48,895 (+15.8%), from €309,048 to €357,943
of which Distributable reserves: +€41,405
- Accrued charges and deferred income -€35,753
down €35,753 (-59.0%), from €60,604 to €24,851
- Debts after one year -€29,592
down €29,592 (-56.6%), from €52,270 to €22,679
- Short-term financial debts -€20,710
down €20,710 (-100%), from €20,710 to €0
- Gross operating margin +€38,740
up €38,740 (+18.3%), from €211,779 to €250,519
- Other operating charges -€7,607
down €7,607 (-7.9%), from €95,868 to €88,262
- Write-downs +€6,908
new in 2025: €6,908
- Taxes +€5,500
up €5,500 (+56.9%), from €9,670 to €15,170
- Financial charges -€3,569
down €3,569 (-49.2%), from €7,257 to €3,688
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 | €1,489,372 | €1,212,071 | -€277,301 | -18.6% |
| Fixed assets | 21/28 | €530,879 | €489,834 | -€41,045 | -7.7% |
| Tangible fixed assets | 22/27 | €530,879 | €489,834 | -€41,045 | -7.7% |
| Land and buildings | 22 | €369,794 | €355,466 | -€14,328 | -3.9% |
| Plant, machinery and equipment | 23 | €43,933 | €34,016 | -€9,918 | -22.6% |
| Furniture and vehicles | 24 | €5,930 | €3,485 | -€2,444 | -41.2% |
| Leasing and similar rights | 25 | €111,222 | €96,867 | -€14,355 | -12.9% |
| Current assets | 29/58 | €958,493 | €722,237 | -€236,256 | -24.6% |
| Stocks and contracts in progress | 3 | €88,575 | €187,467 | +€98,892 | +112% |
| Stocks | 30/36 | €88,575 | €187,467 | +€98,892 | +112% |
| Amounts receivable within one year | 40/41 | €659,102 | €268,236 | -€390,866 | -59.3% |
| Trade receivables | 40 | €419,929 | €206,603 | -€213,326 | -50.8% |
| Other amounts receivable | 41 | €239,173 | €61,633 | -€177,541 | -74.2% |
| Cash at bank and in hand | 54/58 | €210,815 | €266,534 | +€55,719 | +26.4% |
| Total equity and liabilities | 10/49 | €1,489,372 | €1,212,071 | -€277,301 | -18.6% |
| Equity | 10/15 | €371,048 | €419,943 | +€48,895 | +13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €309,048 | €357,943 | +€48,895 | +15.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,760 | €20,250 | +€7,490 | +58.7% |
| Distributable reserves | 133 | €290,088 | €331,493 | +€41,405 | +14.3% |
| Provisions and deferred taxes | 16 | €4,253 | €6,750 | +€2,497 | +58.7% |
| Deferred taxes | 168 | €4,253 | €6,750 | +€2,497 | +58.7% |
| Amounts payable | 17/49 | €1,114,070 | €785,378 | -€328,693 | -29.5% |
| Amounts payable after more than one year | 17 | €52,270 | €22,679 | -€29,592 | -56.6% |
| Financial debts | 170/4 | €52,270 | €22,679 | -€29,592 | -56.6% |
| Amounts payable within one year | 42/48 | €1,001,196 | €737,848 | -€263,348 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €37,520 | €29,592 | -€7,928 | -21.1% |
| Financial debts | 43 | €20,710 | €0 | -€20,710 | -100% |
| Credit institutions | 430/8 | €20,710 | €0 | -€20,710 | -100% |
| Trade debts | 44 | €942,965 | €708,089 | -€234,876 | -24.9% |
| Suppliers | 440/4 | €942,965 | €708,089 | -€234,876 | -24.9% |
| Taxes, remuneration and social security | 45 | - | €167 | +€167 | |
| Taxes | 450/3 | - | €167 | +€167 | |
| Accrued charges and deferred income | 492/3 | €60,604 | €24,851 | -€35,753 | -59.0% |
| Non-recurring operating income | 76A | - | €24,338 | +€24,338 | |
| Remuneration, social security and pensions | 62 | €4,101 | €2,684 | -€1,417 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,971 | €86,065 | +€2,094 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,908 | +€6,908 | |
| Other operating charges | 640/8 | €95,868 | €88,262 | -€7,607 | -7.9% |
| Gross operating margin | 9900 | €211,779 | €250,519 | +€38,740 | +18.3% |
| Operating profit (loss) | 9901 | €27,839 | €66,599 | +€38,761 | +139% |
| Financial income | 75/76B | €5,930 | €3,650 | -€2,280 | -38.4% |
| Recurring financial income | 75 | €5,930 | €3,650 | -€2,280 | -38.4% |
| Financial charges | 65/66B | €7,257 | €3,688 | -€3,569 | -49.2% |
| Recurring financial charges | 65 | €7,257 | €3,688 | -€3,569 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €26,513 | €66,562 | +€40,049 | +151% |
| Transfer from deferred taxes | 780 | €2,500 | €3,003 | +€503 | +20.1% |
| Transfer to deferred taxes | 680 | - | €5,500 | +€5,500 | |
| Income taxes | 67/77 | €9,670 | €15,170 | +€5,500 | +56.9% |
| Profit (loss) for the period | 9904 | €19,343 | €48,895 | +€29,552 | +153% |
| Transfer from tax-exempt reserves | 789 | €7,500 | €9,010 | +€1,510 | +20.1% |
| Transfer to tax-exempt reserves | 689 | - | €16,500 | +€16,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,843 | €41,405 | +€14,562 | +54.3% |
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 17 October 2026 via checked.be.