REVALIN: 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.
REVALIN
Largest movements
- Cash +€124,414
up €124,414 (+214%), from €58,094 to €182,508
mainly Other debts (+€539,099) and Net result for the year (+€185,875)
- Current investments -€40,000
down €40,000 (-8.9%), from €450,000 to €410,000
- Deferred charges and accrued income -€16,488
down €16,488 (-42.3%), from €38,945 to €22,457
- Other debts +€539,099
up €539,099 (+1,510%), from €35,692 to €574,791
- Reserves -€415,506
down €415,506 (-90.8%), from €457,606 to €42,100
of which Distributable reserves: -€415,506
- Tax, wage and social debts -€50,000
down €50,000 (-94.3%), from €53,000 to €3,000
- Debts after one year -€7,502
down €7,502 (-100%), from €7,502 to €0
- Gross operating margin -€13,126
down €13,126 (-4.8%), from €271,205 to €258,078
- Financial income +€6,101
new in 2025: €6,101
- Taxes +€5,465
up €5,465 (+9.1%), from €60,093 to €65,558
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 | €565,956 | €635,026 | +€69,070 | +12.2% |
| Fixed assets | 21/28 | €18,916 | €16,351 | -€2,565 | -13.6% |
| Tangible fixed assets | 22/27 | €18,916 | €16,351 | -€2,565 | -13.6% |
| Plant, machinery and equipment | 23 | €3,023 | €2,105 | -€918 | -30.4% |
| Furniture and vehicles | 24 | €15,894 | €7,538 | -€8,356 | -52.6% |
| Other tangible fixed assets | 26 | - | €6,709 | +€6,709 | |
| Current assets | 29/58 | €547,039 | €618,675 | +€71,636 | +13.1% |
| Amounts receivable within one year | 40/41 | - | €3,710 | +€3,710 | |
| Other amounts receivable | 41 | - | €3,710 | +€3,710 | |
| Current investments | 50/53 | €450,000 | €410,000 | -€40,000 | -8.9% |
| Cash at bank and in hand | 54/58 | €58,094 | €182,508 | +€124,414 | +214% |
| Deferred charges and accrued income | 490/1 | €38,945 | €22,457 | -€16,488 | -42.3% |
| Total equity and liabilities | 10/49 | €565,956 | €635,026 | +€69,070 | +12.2% |
| Equity | 10/15 | €459,606 | €44,100 | -€415,506 | -90.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €457,606 | €42,100 | -€415,506 | -90.8% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €415,506 | €0 | -€415,506 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €106,350 | €590,926 | +€484,577 | +456% |
| Amounts payable after more than one year | 17 | €7,502 | €0 | -€7,502 | -100% |
| Financial debts | 170/4 | €7,502 | €0 | -€7,502 | -100% |
| Amounts payable within one year | 42/48 | €96,111 | €589,067 | +€492,956 | +513% |
| Current portion of amounts payable after more than one year | 42 | €7,418 | €7,502 | +€84 | +1.1% |
| Trade debts | 44 | - | €3,774 | +€3,774 | |
| Suppliers | 440/4 | - | €3,774 | +€3,774 | |
| Taxes, remuneration and social security | 45 | €53,000 | €3,000 | -€50,000 | -94.3% |
| Taxes | 450/3 | €53,000 | €3,000 | -€50,000 | -94.3% |
| Other amounts payable | 47/48 | €35,692 | €574,791 | +€539,099 | +1,510% |
| Accrued charges and deferred income | 492/3 | €2,737 | €1,859 | -€878 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,984 | €9,366 | +€382 | +4.3% |
| Other operating charges | 640/8 | €127 | €749 | +€622 | +488% |
| Gross operating margin | 9900 | €271,205 | €258,078 | -€13,126 | -4.8% |
| Operating profit (loss) | 9901 | €262,094 | €247,963 | -€14,130 | -5.4% |
| Financial income | 75/76B | - | €6,101 | +€6,101 | |
| Recurring financial income | 75 | - | €6,101 | +€6,101 | |
| Financial charges | 65/66B | €2,997 | €2,632 | -€365 | -12.2% |
| Recurring financial charges | 65 | €2,997 | €2,632 | -€365 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €259,097 | €251,433 | -€7,664 | -3.0% |
| Income taxes | 67/77 | €60,093 | €65,558 | +€5,465 | +9.1% |
| Profit (loss) for the period | 9904 | €199,004 | €185,875 | -€13,130 | -6.6% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €156,904 | €185,875 | +€28,970 | +18.5% |
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 22 October 2026 via checked.be.