REVACTIEF: 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.
REVACTIEF
Largest movements
- Receivables within one year +€35,474
up €35,474 (+29.3%), from €121,002 to €156,476
of which Other amounts receivable: +€41,969
- Intangible fixed assets -€20,029
down €20,029 (-10.8%), from €185,118 to €165,089
- Cash +€15,480
up €15,480 (+45.0%), from €34,399 to €49,879
mainly Net result for the year (+€86,256) and Other debts (+€75,123)
- Tangible fixed assets -€14,177
down €14,177 (-11.2%), from €126,633 to €112,457
of which Plant, machinery and equipment: -€8,448
- Other debts +€75,123
up €75,123, from €0 to €75,123
- Debts after one year -€46,877
down €46,877 (-26.6%), from €175,916 to €129,039
- Tax, wage and social debts -€23,032
down €23,032 (-84.1%), from €27,392 to €4,360
of which Taxes: -€23,032
- Reserves +€11,133
up €11,133 (+5.7%), from €194,672 to €205,805
- Gross operating margin -€22,042
down €22,042 (-10.8%), from €203,832 to €181,790
- Depreciation -€10,802
down €10,802 (-15.4%), from €70,100 to €59,297
- Taxes -€4,863
down €4,863 (-12.4%), from €39,222 to €34,360
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 | €508,406 | €524,309 | +€15,903 | +3.1% |
| Fixed assets | 21/28 | €311,751 | €277,546 | -€34,206 | -11.0% |
| Intangible fixed assets | 21 | €185,118 | €165,089 | -€20,029 | -10.8% |
| Tangible fixed assets | 22/27 | €126,633 | €112,457 | -€14,177 | -11.2% |
| Plant, machinery and equipment | 23 | €36,134 | €27,687 | -€8,448 | -23.4% |
| Furniture and vehicles | 24 | €9,269 | €13,952 | +€4,684 | +50.5% |
| Leasing and similar rights | 25 | €24,029 | €16,135 | -€7,893 | -32.9% |
| Other tangible fixed assets | 26 | €57,201 | €54,682 | -€2,519 | -4.4% |
| Current assets | 29/58 | €196,654 | €246,764 | +€50,109 | +25.5% |
| Amounts receivable after more than one year | 29 | €27,500 | €27,500 | = | 0.0% |
| Other amounts receivable | 291 | €27,500 | €27,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121,002 | €156,476 | +€35,474 | +29.3% |
| Trade receivables | 40 | €7,918 | €1,422 | -€6,495 | -82.0% |
| Other amounts receivable | 41 | €113,084 | €155,054 | +€41,969 | +37.1% |
| Cash at bank and in hand | 54/58 | €34,399 | €49,879 | +€15,480 | +45.0% |
| Deferred charges and accrued income | 490/1 | €13,753 | €12,908 | -€845 | -6.1% |
| Total equity and liabilities | 10/49 | €508,406 | €524,309 | +€15,903 | +3.1% |
| Equity | 10/15 | €199,672 | €210,805 | +€11,133 | +5.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €194,672 | €205,805 | +€11,133 | +5.7% |
| Distributable reserves | 133 | €194,672 | €205,805 | +€11,133 | +5.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €308,733 | €313,504 | +€4,770 | +1.5% |
| Amounts payable after more than one year | 17 | €175,916 | €129,039 | -€46,877 | -26.6% |
| Financial debts | 170/4 | €175,916 | €129,039 | -€46,877 | -26.6% |
| Amounts payable within one year | 42/48 | €132,439 | €184,154 | +€51,715 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €55,094 | €50,125 | -€4,969 | -9.0% |
| Trade debts | 44 | €49,953 | €54,547 | +€4,594 | +9.2% |
| Suppliers | 440/4 | €49,953 | €54,547 | +€4,594 | +9.2% |
| Taxes, remuneration and social security | 45 | €27,392 | €4,360 | -€23,032 | -84.1% |
| Taxes | 450/3 | €27,392 | €4,360 | -€23,032 | -84.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €75,123 | +€75,123 | |
| Accrued charges and deferred income | 492/3 | €379 | €311 | -€68 | -17.9% |
| Non-recurring operating income | 76A | €826 | €7,175 | +€6,349 | +768.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,100 | €59,297 | -€10,802 | -15.4% |
| Other operating charges | 640/8 | €2,623 | €2,525 | -€99 | -3.8% |
| Gross operating margin | 9900 | €203,832 | €181,790 | -€22,042 | -10.8% |
| Operating profit (loss) | 9901 | €131,109 | €119,968 | -€11,141 | -8.5% |
| Financial income | 75/76B | €6,625 | €8,543 | +€1,918 | +28.9% |
| Recurring financial income | 75 | €6,625 | €8,543 | +€1,918 | +28.9% |
| Financial charges | 65/66B | €8,998 | €7,896 | -€1,103 | -12.3% |
| Recurring financial charges | 65 | €8,998 | €7,896 | -€1,103 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €128,736 | €120,615 | -€8,120 | -6.3% |
| Income taxes | 67/77 | €39,222 | €34,360 | -€4,863 | -12.4% |
| Profit (loss) for the period | 9904 | €89,513 | €86,256 | -€3,257 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,513 | €86,256 | -€3,257 | -3.6% |
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 11 October 2026 via checked.be.