REVALOR: 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.
REVALOR
Largest movements
- Intangible fixed assets +€195,102
up €195,102 (+134.6%), from €145,000 to €340,102
- Stocks and contracts +€16,575
up €16,575 (+162.7%), from €10,187 to €26,762
- Cash -€14,249
down €14,249 (-86.7%), from €16,442 to €2,192
mainly Investment in fixed assets (net) (-€200,502) and Net result for the year (-€122,317)
- Receivables within one year -€5,711
down €5,711 (-79.4%), from €7,193 to €1,482
of which Other amounts receivable: -€5,169
- Debts after one year +€348,396
up €348,396 (+486.6%), from €71,604 to €420,000
- Profit (loss) carried forward -€122,317
down €122,317 (-32.5%), from -€376,274 to -€498,591
- Trade debts -€38,118
down €38,118 (-55.8%), from €68,373 to €30,255
- Tax, wage and social debts +€3,744
up €3,744 (+307.2%), from €1,219 to €4,963
- Staff costs +€46,263
up €46,263 (+311.2%), from €14,864 to €61,127
- Gross operating margin -€21,754
down €21,754 (-65.2%), from -€33,353 to -€55,107
- Depreciation +€5,400
new in 2025: €5,400
- Financial charges -€2,767
down €2,767 (-93.6%), from €2,956 to €189
- Other operating charges -€2,583
down €2,583 (-83.8%), from €3,083 to €500
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 | €178,821 | €373,057 | +€194,236 | +108.6% |
| Fixed assets | 21/28 | €145,000 | €340,102 | +€195,102 | +134.6% |
| Intangible fixed assets | 21 | €145,000 | €340,102 | +€195,102 | +134.6% |
| Current assets | 29/58 | €33,821 | €32,955 | -€866 | -2.6% |
| Stocks and contracts in progress | 3 | €10,187 | €26,762 | +€16,575 | +162.7% |
| Stocks | 30/36 | €10,187 | €26,762 | +€16,575 | +162.7% |
| Amounts receivable within one year | 40/41 | €7,193 | €1,482 | -€5,711 | -79.4% |
| Trade receivables | 40 | €1,660 | €1,119 | -€541 | -32.6% |
| Other amounts receivable | 41 | €5,532 | €363 | -€5,169 | -93.4% |
| Cash at bank and in hand | 54/58 | €16,442 | €2,192 | -€14,249 | -86.7% |
| Deferred charges and accrued income | 490/1 | - | €2,520 | +€2,520 | |
| Total equity and liabilities | 10/49 | €178,821 | €373,057 | +€194,236 | +108.6% |
| Equity | 10/15 | -€184,329 | -€306,646 | -€122,317 | -66.4% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Capital | 10 | €185,000 | €185,000 | = | 0.0% |
| Issued capital | 100 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €6,945 | €6,945 | = | 0.0% |
| Distributable reserves | 133 | €6,945 | €6,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€376,274 | -€498,591 | -€122,317 | -32.5% |
| Amounts payable | 17/49 | €363,151 | €679,704 | +€316,553 | +87.2% |
| Amounts payable after more than one year | 17 | €71,604 | €420,000 | +€348,396 | +486.6% |
| Financial debts | 170/4 | €71,604 | €420,000 | +€348,396 | +486.6% |
| Amounts payable within one year | 42/48 | €291,546 | €259,704 | -€31,843 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €22,608 | €22,643 | +€35 | +0.2% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €68,373 | €30,255 | -€38,118 | -55.8% |
| Suppliers | 440/4 | €68,373 | €30,255 | -€38,118 | -55.8% |
| Taxes, remuneration and social security | 45 | €1,219 | €4,963 | +€3,744 | +307.2% |
| Remuneration and social security | 454/9 | €1,219 | €4,963 | +€3,744 | +307.2% |
| Other amounts payable | 47/48 | €199,344 | €201,843 | +€2,499 | +1.3% |
| Remuneration, social security and pensions | 62 | €14,864 | €61,127 | +€46,263 | +311.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,400 | +€5,400 | |
| Other operating charges | 640/8 | €3,083 | €500 | -€2,583 | -83.8% |
| Gross operating margin | 9900 | -€33,353 | -€55,107 | -€21,754 | -65.2% |
| Operating profit (loss) | 9901 | -€51,300 | -€122,134 | -€70,833 | -138.1% |
| Financial income | 75/76B | €409 | €6 | -€403 | -98.5% |
| Recurring financial income | 75 | €409 | €6 | -€403 | -98.5% |
| Financial charges | 65/66B | €2,956 | €189 | -€2,767 | -93.6% |
| Recurring financial charges | 65 | €2,956 | €189 | -€2,767 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,848 | -€122,317 | -€68,469 | -127.2% |
| Profit (loss) for the period | 9904 | -€53,848 | -€122,317 | -€68,469 | -127.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,848 | -€122,317 | -€68,469 | -127.2% |
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 9 October 2026 via checked.be.