REVAMAH: 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.
REVAMAH
Largest movements
- Current investments -€65,000
down €65,000 (-56.5%), from €115,000 to €50,000
- Cash +€39,967
up €39,967 (+195.6%), from €20,430 to €60,397
mainly Current investments (+€65,000) and Depreciation (+€26,948)
- Tangible fixed assets -€23,009
down €23,009 (-3.8%), from €603,499 to €580,490
of which Land and buildings: -€21,655
- Debts after one year -€19,282
down €19,282 (-15.9%), from €120,981 to €101,698
- Reserves -€10,755
down €10,755 (-3.3%), from €322,468 to €311,713
of which Tax-exempt reserves: -€10,755
- Financial income -€12,175
down €12,175 (-77.0%), from €15,822 to €3,647
- Taxes -€5,113
down €5,113 (-91.6%), from €5,583 to €471
- Depreciation +€4,763
up €4,763 (+21.5%), from €22,185 to €26,948
- Gross operating margin -€3,615
down €3,615 (-15.5%), from €23,329 to €19,714
- Financial charges -€1,814
down €1,814 (-22.5%), from €8,080 to €6,266
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 | €889,553 | €842,992 | -€46,561 | -5.2% |
| Fixed assets | 21/28 | €603,499 | €580,490 | -€23,009 | -3.8% |
| Tangible fixed assets | 22/27 | €603,499 | €580,490 | -€23,009 | -3.8% |
| Land and buildings | 22 | €590,183 | €568,528 | -€21,655 | -3.7% |
| Plant, machinery and equipment | 23 | €13,316 | €11,962 | -€1,354 | -10.2% |
| Current assets | 29/58 | €286,054 | €262,503 | -€23,552 | -8.2% |
| Amounts receivable within one year | 40/41 | €150,624 | €152,106 | +€1,482 | +1.0% |
| Trade receivables | 40 | €150,000 | €151,483 | +€1,483 | +1.0% |
| Other amounts receivable | 41 | €624 | €623 | -€1 | -0.1% |
| Current investments | 50/53 | €115,000 | €50,000 | -€65,000 | -56.5% |
| Cash at bank and in hand | 54/58 | €20,430 | €60,397 | +€39,967 | +195.6% |
| Total equity and liabilities | 10/49 | €889,553 | €842,992 | -€46,561 | -5.2% |
| Equity | 10/15 | €587,625 | €578,282 | -€9,343 | -1.6% |
| Contributions | 10/11 | €297,819 | €297,819 | = | 0.0% |
| Reserves | 13 | €322,468 | €311,713 | -€10,755 | -3.3% |
| Tax-exempt reserves | 132 | €172,076 | €161,322 | -€10,755 | -6.3% |
| Distributable reserves | 133 | €150,392 | €150,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,662 | -€31,250 | +€1,412 | +4.3% |
| Provisions and deferred taxes | 16 | €88,606 | €83,068 | -€5,538 | -6.3% |
| Deferred taxes | 168 | €88,606 | €83,068 | -€5,538 | -6.3% |
| Amounts payable | 17/49 | €213,323 | €181,642 | -€31,680 | -14.9% |
| Amounts payable after more than one year | 17 | €120,981 | €101,698 | -€19,282 | -15.9% |
| Financial debts | 170/4 | €120,981 | €101,698 | -€19,282 | -15.9% |
| Amounts payable within one year | 42/48 | €84,571 | €75,046 | -€9,525 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €20,508 | €20,874 | +€366 | +1.8% |
| Trade debts | 44 | €2,493 | €48 | -€2,445 | -98.1% |
| Suppliers | 440/4 | €2,493 | €48 | -€2,445 | -98.1% |
| Taxes, remuneration and social security | 45 | €4,767 | €4,767 | = | 0.0% |
| Taxes | 450/3 | €4,767 | €4,767 | = | 0.0% |
| Other amounts payable | 47/48 | €56,804 | €49,357 | -€7,447 | -13.1% |
| Accrued charges and deferred income | 492/3 | €7,771 | €4,898 | -€2,873 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,185 | €26,948 | +€4,763 | +21.5% |
| Other operating charges | 640/8 | €4,419 | €4,556 | +€137 | +3.1% |
| Gross operating margin | 9900 | €23,329 | €19,714 | -€3,615 | -15.5% |
| Operating profit (loss) | 9901 | -€3,275 | -€11,790 | -€8,515 | -260.0% |
| Financial income | 75/76B | €15,822 | €3,647 | -€12,175 | -77.0% |
| Recurring financial income | 75 | €15,822 | €3,647 | -€12,175 | -77.0% |
| Financial charges | 65/66B | €8,080 | €6,266 | -€1,814 | -22.5% |
| Recurring financial charges | 65 | €8,080 | €6,266 | -€1,814 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €4,467 | -€14,410 | -€18,876 | |
| Transfer from deferred taxes | 780 | €5,538 | €5,538 | = | 0.0% |
| Income taxes | 67/77 | €5,583 | €471 | -€5,113 | -91.6% |
| Profit (loss) for the period | 9904 | €4,421 | -€9,343 | -€13,764 | |
| Transfer from tax-exempt reserves | 789 | €10,755 | €10,755 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,176 | €1,412 | -€13,764 | -90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.