REVAM: 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.
REVAM
Largest movements
- Cash +€236,301
up €236,301 (+385%), from €61,413 to €297,714
mainly Current investments (+€203,708) and Net result for the year (+€23,101)
- Current investments -€203,708
down €203,708 (-7.0%), from €2.9m to €2.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€5,759
down €5,759 (-8.7%), from €66,226 to €60,466
- Financial income +€4,773
up €4,773 (+4.2%), from €114,299 to €119,073
- Taxes -€4,078
down €4,078 (-33.2%), from €12,295 to €8,217
- Gross operating margin +€1,509
up €1,509 (+5.5%), from -€27,678 to -€26,170
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 | €3,002,508 | €3,032,280 | +€29,771 | +1.0% |
| Current assets | 29/58 | €3,002,508 | €3,032,280 | +€29,771 | +1.0% |
| Amounts receivable within one year | 40/41 | €37,103 | €38,614 | +€1,512 | +4.1% |
| Other amounts receivable | 41 | €37,103 | €38,614 | +€1,512 | +4.1% |
| Current investments | 50/53 | €2,899,659 | €2,695,951 | -€203,708 | -7.0% |
| Cash at bank and in hand | 54/58 | €61,413 | €297,714 | +€236,301 | +385% |
| Deferred charges and accrued income | 490/1 | €4,334 | €0 | -€4,334 | -100% |
| Total equity and liabilities | 10/49 | €3,002,508 | €3,032,280 | +€29,771 | +1.0% |
| Equity | 10/15 | €2,058,921 | €2,082,023 | +€23,101 | +1.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,108,693 | €1,131,794 | +€23,101 | +2.1% |
| Distributable reserves | 133 | €1,108,693 | €1,131,794 | +€23,101 | +2.1% |
| Profit (loss) carried forward | 14 | €929,769 | €929,769 | = | 0.0% |
| Amounts payable | 17/49 | €943,587 | €950,257 | +€6,670 | +0.7% |
| Amounts payable after more than one year | 17 | €840,000 | €840,000 | = | 0.0% |
| Financial debts | 170/4 | €840,000 | €840,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,873 | €72,800 | +€5,926 | +8.9% |
| Trade debts | 44 | €3,198 | €998 | -€2,199 | -68.8% |
| Suppliers | 440/4 | €3,198 | €998 | -€2,199 | -68.8% |
| Taxes, remuneration and social security | 45 | €15,734 | €16,053 | +€319 | +2.0% |
| Taxes | 450/3 | €15,734 | €16,053 | +€319 | +2.0% |
| Other amounts payable | 47/48 | €47,941 | €55,748 | +€7,806 | +16.3% |
| Accrued charges and deferred income | 492/3 | €36,714 | €37,457 | +€744 | +2.0% |
| Other operating charges | 640/8 | €1,178 | €1,118 | -€59 | -5.0% |
| Gross operating margin | 9900 | -€27,678 | -€26,170 | +€1,509 | +5.5% |
| Operating profit (loss) | 9901 | -€28,856 | -€27,288 | +€1,568 | +5.4% |
| Financial income | 75/76B | €114,299 | €119,073 | +€4,773 | +4.2% |
| Recurring financial income | 75 | €114,299 | €119,073 | +€4,773 | +4.2% |
| Financial charges | 65/66B | €66,226 | €60,466 | -€5,759 | -8.7% |
| Recurring financial charges | 65 | €66,226 | €60,466 | -€5,759 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €19,218 | €31,319 | +€12,101 | +63.0% |
| Income taxes | 67/77 | €12,295 | €8,217 | -€4,078 | -33.2% |
| Profit (loss) for the period | 9904 | €6,922 | €23,101 | +€16,179 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €23,101 | +€16,179 | +234% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.