REVANDO: 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.
REVANDO
Largest movements
- Cash -€44,613
down €44,613 (-40.3%), from €110,604 to €65,991
mainly Contributions, distributions and other (-€204,388) and Tax, wage and social debts (-€21,566)
- Deferred charges and accrued income -€27,973
down €27,973 (-82.6%), from €33,862 to €5,889
- Receivables within one year -€12,653
no longer reported in 2025 (was €12,653)
- Tangible fixed assets -€2,851
down €2,851 (-34.4%), from €8,292 to €5,441
of which Plant, machinery and equipment: -€1,538
- Reserves -€135,547
no longer reported in 2025 (was €135,547)
- Other debts +€69,921
up €69,921 (+2837.5%), from €2,464 to €72,385
- Tax, wage and social debts -€21,566
down €21,566 (-88.4%), from €24,401 to €2,835
- Gross operating margin -€8,003
down €8,003 (-8.0%), from €99,537 to €91,533
- Taxes -€6,566
down €6,566 (-26.9%), from €24,401 to €17,835
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 | €165,412 | €78,221 | -€87,191 | -52.7% |
| Fixed assets | 21/28 | €8,292 | €5,441 | -€2,851 | -34.4% |
| Tangible fixed assets | 22/27 | €8,292 | €5,441 | -€2,851 | -34.4% |
| Plant, machinery and equipment | 23 | €5,130 | €3,592 | -€1,538 | -30.0% |
| Furniture and vehicles | 24 | €3,162 | €1,848 | -€1,313 | -41.5% |
| Current assets | 29/58 | €157,120 | €72,780 | -€84,340 | -53.7% |
| Amounts receivable after more than one year | 29 | - | €900 | +€900 | |
| Trade receivables | 290 | - | €900 | +€900 | |
| Amounts receivable within one year | 40/41 | €12,653 | - | -€12,653 | |
| Trade receivables | 40 | €12,653 | - | -€12,653 | |
| Cash at bank and in hand | 54/58 | €110,604 | €65,991 | -€44,613 | -40.3% |
| Deferred charges and accrued income | 490/1 | €33,862 | €5,889 | -€27,973 | -82.6% |
| Total equity and liabilities | 10/49 | €165,412 | €78,221 | -€87,191 | -52.7% |
| Equity | 10/15 | €138,547 | €3,000 | -€135,547 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €135,547 | - | -€135,547 | |
| Distributable reserves | 133 | €135,547 | - | -€135,547 | |
| Amounts payable | 17/49 | €26,865 | €75,221 | +€48,356 | +180.0% |
| Amounts payable within one year | 42/48 | €26,865 | €75,221 | +€48,356 | +180.0% |
| Taxes, remuneration and social security | 45 | €24,401 | €2,835 | -€21,566 | -88.4% |
| Taxes | 450/3 | €24,401 | €2,835 | -€21,566 | -88.4% |
| Other amounts payable | 47/48 | €2,464 | €72,385 | +€69,921 | +2837.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,870 | €2,851 | -€19 | -0.7% |
| Other operating charges | 640/8 | €801 | €977 | +€176 | +22.0% |
| Gross operating margin | 9900 | €99,537 | €91,533 | -€8,003 | -8.0% |
| Operating profit (loss) | 9901 | €95,865 | €87,705 | -€8,160 | -8.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €1,028 | +€985 | +2264.3% |
| Recurring financial charges | 65 | €44 | €1,028 | +€985 | +2264.3% |
| Profit (loss) for the period before taxes | 9903 | €95,822 | €86,677 | -€9,145 | -9.5% |
| Income taxes | 67/77 | €24,401 | €17,835 | -€6,566 | -26.9% |
| Profit (loss) for the period | 9904 | €71,421 | €68,841 | -€2,580 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,421 | €68,841 | -€2,580 | -3.6% |
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 28 September 2026 via checked.be.