REVADA: 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.
REVADA
Largest movements
- Receivables within one year -€277,888
down €277,888 (-15.4%), from €1.8m to €1.5m
of which Trade receivables: -€774,999
- Tangible fixed assets -€69,138
down €69,138 (-91.3%), from €75,716 to €6,578
of which Furniture and vehicles: -€68,158
- Trade debts -€212,846
down €212,846 (-44.1%), from €482,456 to €269,609
- Other debts -€184,728
down €184,728 (-97.1%), from €190,224 to €5,496
- Tax, wage and social debts +€65,749
up €65,749 (+34.5%), from €190,595 to €256,344
of which Remuneration and social security: +€46,884
- Gross operating margin -€361,830
down €361,830 (-16.1%), from €2.3m to €1.9m
- Staff costs -€105,472
down €105,472 (-5.8%), from €1.8m to €1.7m
- Other operating charges -€95,701
down €95,701 (-47.7%), from €200,627 to €104,926
- Depreciation -€82,216
down €82,216 (-57.6%), from €142,689 to €60,473
From the 2024 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,939,824 | €1,599,150 | -€340,674 | -17.6% |
| Fixed assets | 21/28 | €85,022 | €11,563 | -€73,458 | -86.4% |
| Tangible fixed assets | 22/27 | €75,716 | €6,578 | -€69,138 | -91.3% |
| Plant, machinery and equipment | 23 | €980 | - | -€980 | |
| Furniture and vehicles | 24 | €74,737 | €6,578 | -€68,158 | -91.2% |
| Financial fixed assets | 28 | €9,305 | €4,985 | -€4,320 | -46.4% |
| Current assets | 29/58 | €1,854,803 | €1,587,587 | -€267,216 | -14.4% |
| Stocks and contracts in progress | 3 | €2,835 | €2,835 | = | 0.0% |
| Stocks | 30/36 | €2,835 | €2,835 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,803,713 | €1,525,825 | -€277,888 | -15.4% |
| Trade receivables | 40 | €1,482,099 | €707,100 | -€774,999 | -52.3% |
| Other amounts receivable | 41 | €321,614 | €818,724 | +€497,111 | +154.6% |
| Deferred charges and accrued income | 490/1 | €48,255 | €58,927 | +€10,673 | +22.1% |
| Total equity and liabilities | 10/49 | €1,939,824 | €1,599,150 | -€340,674 | -17.6% |
| Equity | 10/15 | €1,074,622 | €1,067,701 | -€6,920 | -0.6% |
| Contributions | 10/11 | €672,500 | €672,500 | = | 0.0% |
| Reserves | 13 | €452,380 | €452,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,250 | €17,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,250 | €17,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €435,130 | €435,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,362 | -€57,179 | -€6,816 | -13.5% |
| Investment grants | 15 | €104 | - | -€104 | |
| Amounts payable | 17/49 | €865,203 | €531,449 | -€333,753 | -38.6% |
| Amounts payable within one year | 42/48 | €863,275 | €531,449 | -€331,825 | -38.4% |
| Trade debts | 44 | €482,456 | €269,609 | -€212,846 | -44.1% |
| Suppliers | 440/4 | €482,456 | €269,609 | -€212,846 | -44.1% |
| Taxes, remuneration and social security | 45 | €190,595 | €256,344 | +€65,749 | +34.5% |
| Taxes | 450/3 | €32,110 | €50,975 | +€18,865 | +58.8% |
| Remuneration and social security | 454/9 | €158,485 | €205,369 | +€46,884 | +29.6% |
| Other amounts payable | 47/48 | €190,224 | €5,496 | -€184,728 | -97.1% |
| Accrued charges and deferred income | 492/3 | €1,928 | - | -€1,928 | |
| Non-recurring operating income | 76A | €157,036 | €77,085 | -€79,951 | -50.9% |
| Remuneration, social security and pensions | 62 | €1,830,126 | €1,724,654 | -€105,472 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,689 | €60,473 | -€82,216 | -57.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32 | - | +€32 | |
| Other operating charges | 640/8 | €200,627 | €104,926 | -€95,701 | -47.7% |
| Gross operating margin | 9900 | €2,252,337 | €1,890,507 | -€361,830 | -16.1% |
| Operating profit (loss) | 9901 | €78,928 | €455 | -€78,472 | -99.4% |
| Financial income | 75/76B | €8,279 | €14,111 | +€5,832 | +70.4% |
| Recurring financial income | 75 | €8,279 | €14,111 | +€5,832 | +70.4% |
| Financial charges | 65/66B | €28,113 | €13,329 | -€14,784 | -52.6% |
| Recurring financial charges | 65 | €28,113 | €13,329 | -€14,784 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €59,094 | €1,238 | -€57,856 | -97.9% |
| Income taxes | 67/77 | €15,224 | €8,054 | -€7,169 | -47.1% |
| Profit (loss) for the period | 9904 | €43,870 | -€6,816 | -€50,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,870 | -€6,816 | -€50,686 |
Source: filed annual accounts (NBB), fiscal years ended 28 December 2024 and 3 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.