REVAN: 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.
REVAN
Largest movements
- Receivables within one year +€168,831
up €168,831 (+172.3%), from €97,978 to €266,809
of which Other amounts receivable: +€187,631
- Tangible fixed assets -€28,225
down €28,225 (-4.9%), from €570,281 to €542,056
of which Land and buildings: -€25,635
- Other debts +€136,063
new in 2025: €136,063
- Debts after one year -€43,766
down €43,766 (-28.4%), from €153,971 to €110,205
- Reserves +€40,374
up €40,374 (+9.9%), from €406,215 to €446,589
of which Distributable reserves: +€44,654
- Gross operating margin +€3,799
up €3,799 (+3.7%), from €102,015 to €105,814
- Financial charges -€3,354
down €3,354 (-24.6%), from €13,617 to €10,263
- Taxes +€2,284
up €2,284 (+11.6%), from €19,715 to €21,999
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 | €673,011 | €811,115 | +€138,104 | +20.5% |
| Fixed assets | 21/28 | €570,281 | €542,056 | -€28,225 | -4.9% |
| Tangible fixed assets | 22/27 | €570,281 | €542,056 | -€28,225 | -4.9% |
| Land and buildings | 22 | €550,035 | €524,400 | -€25,635 | -4.7% |
| Plant, machinery and equipment | 23 | €20,246 | €17,655 | -€2,591 | -12.8% |
| Current assets | 29/58 | €102,730 | €269,059 | +€166,329 | +161.9% |
| Amounts receivable within one year | 40/41 | €97,978 | €266,809 | +€168,831 | +172.3% |
| Trade receivables | 40 | €48,033 | €29,233 | -€18,800 | -39.1% |
| Other amounts receivable | 41 | €49,945 | €237,576 | +€187,631 | +375.7% |
| Cash at bank and in hand | 54/58 | €3,137 | €581 | -€2,557 | -81.5% |
| Deferred charges and accrued income | 490/1 | €1,614 | €1,669 | +€55 | +3.4% |
| Total equity and liabilities | 10/49 | €673,011 | €811,115 | +€138,104 | +20.5% |
| Equity | 10/15 | €427,782 | €468,156 | +€40,374 | +9.4% |
| Contributions | 10/11 | €21,567 | €21,567 | = | 0.0% |
| Reserves | 13 | €406,215 | €446,589 | +€40,374 | +9.9% |
| Tax-exempt reserves | 132 | €37,664 | €33,384 | -€4,280 | -11.4% |
| Distributable reserves | 133 | €368,551 | €413,205 | +€44,654 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €19,394 | €17,190 | -€2,204 | -11.4% |
| Deferred taxes | 168 | €19,394 | €17,190 | -€2,204 | -11.4% |
| Amounts payable | 17/49 | €225,835 | €325,769 | +€99,934 | +44.3% |
| Amounts payable after more than one year | 17 | €153,971 | €110,205 | -€43,766 | -28.4% |
| Financial debts | 170/4 | €153,971 | €110,205 | -€43,766 | -28.4% |
| Amounts payable within one year | 42/48 | €71,863 | €215,563 | +€143,700 | +200.0% |
| Current portion of amounts payable after more than one year | 42 | €51,168 | €45,283 | -€5,885 | -11.5% |
| Financial debts | 43 | €6,760 | €10,216 | +€3,456 | +51.1% |
| Credit institutions | 430/8 | - | €3,485 | +€3,485 | |
| Other loans | 439 | €6,760 | €6,730 | -€30 | -0.4% |
| Trade debts | 44 | €2,995 | €9,376 | +€6,381 | +213.1% |
| Suppliers | 440/4 | €2,995 | €9,376 | +€6,381 | +213.1% |
| Taxes, remuneration and social security | 45 | €10,940 | €14,626 | +€3,686 | +33.7% |
| Taxes | 450/3 | €4,056 | €4,465 | +€409 | +10.1% |
| Remuneration and social security | 454/9 | €6,884 | €10,161 | +€3,277 | +47.6% |
| Other amounts payable | 47/48 | - | €136,063 | +€136,063 | |
| Non-recurring operating income | 76A | €769 | - | -€769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,639 | €28,225 | +€586 | +2.1% |
| Other operating charges | 640/8 | €6,966 | €7,167 | +€201 | +2.9% |
| Gross operating margin | 9900 | €102,015 | €105,814 | +€3,799 | +3.7% |
| Operating profit (loss) | 9901 | €67,410 | €70,422 | +€3,012 | +4.5% |
| Financial income | 75/76B | €2 | €10 | +€8 | +395.0% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +395.0% |
| Financial charges | 65/66B | €13,617 | €10,263 | -€3,354 | -24.6% |
| Recurring financial charges | 65 | €13,617 | €10,263 | -€3,354 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €53,795 | €60,169 | +€6,374 | +11.8% |
| Transfer from deferred taxes | 780 | €2,204 | €2,204 | = | 0.0% |
| Income taxes | 67/77 | €19,715 | €21,999 | +€2,284 | +11.6% |
| Profit (loss) for the period | 9904 | €36,284 | €40,374 | +€4,090 | +11.3% |
| Transfer from tax-exempt reserves | 789 | €4,280 | €4,280 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,564 | €44,654 | +€4,090 | +10.1% |
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 11 October 2026 via checked.be.