REVAP: 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.
REVAP
Largest movements
- Cash +€734,854
up €734,854 (+5348.8%), from €13,739 to €748,593
mainly Short-term financial debts (+€722,222) and Receivables within one year (+€379,833)
- Stocks and contracts +€456,552
up €456,552 (+68.2%), from €669,593 to €1.1m
- Receivables within one year -€379,833
down €379,833 (-99.8%), from €380,648 to €815
of which Other amounts receivable: -€379,907
- Short-term financial debts +€722,222
up €722,222 (+85.3%), from €846,252 to €1.6m
- Reserves +€82,685
up €82,685 (+78.9%), from €104,737 to €187,422
- Accrued charges and deferred income +€43,884
up €43,884 (+78.9%), from €55,625 to €99,510
- Tax, wage and social debts -€28,962
down €28,962 (-92.8%), from €31,212 to €2,250
- Gross operating margin +€51,427
up €51,427 (+62.4%), from €82,395 to €133,822
- Taxes +€13,647
up €13,647 (+67.9%), from €20,112 to €33,759
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,063,980 | €1,876,132 | +€812,152 | +76.3% |
| Current assets | 29/58 | €1,063,980 | €1,876,132 | +€812,152 | +76.3% |
| Stocks and contracts in progress | 3 | €669,593 | €1,126,146 | +€456,552 | +68.2% |
| Stocks | 30/36 | €669,593 | €1,126,146 | +€456,552 | +68.2% |
| Amounts receivable within one year | 40/41 | €380,648 | €815 | -€379,833 | -99.8% |
| Trade receivables | 40 | - | €74 | +€74 | |
| Other amounts receivable | 41 | €380,648 | €741 | -€379,907 | -99.8% |
| Cash at bank and in hand | 54/58 | €13,739 | €748,593 | +€734,854 | +5348.8% |
| Deferred charges and accrued income | 490/1 | - | €579 | +€579 | |
| Total equity and liabilities | 10/49 | €1,063,980 | €1,876,132 | +€812,152 | +76.3% |
| Equity | 10/15 | €109,737 | €192,422 | +€82,685 | +75.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,737 | €187,422 | +€82,685 | +78.9% |
| Distributable reserves | 133 | €104,737 | €187,422 | +€82,685 | +78.9% |
| Amounts payable | 17/49 | €954,243 | €1,683,710 | +€729,467 | +76.4% |
| Amounts payable within one year | 42/48 | €898,618 | €1,584,200 | +€685,582 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €3,510 | - | -€3,510 | |
| Financial debts | 43 | €846,252 | €1,568,474 | +€722,222 | +85.3% |
| Credit institutions | 430/8 | €846,252 | €1,568,474 | +€722,222 | +85.3% |
| Trade debts | 44 | €16,948 | €30 | -€16,918 | -99.8% |
| Suppliers | 440/4 | €16,948 | €30 | -€16,918 | -99.8% |
| Taxes, remuneration and social security | 45 | €31,212 | €2,250 | -€28,962 | -92.8% |
| Taxes | 450/3 | €31,212 | €2,250 | -€28,962 | -92.8% |
| Other amounts payable | 47/48 | €696 | €13,446 | +€12,750 | +1830.7% |
| Accrued charges and deferred income | 492/3 | €55,625 | €99,510 | +€43,884 | +78.9% |
| Other operating charges | 640/8 | €2,041 | €2,318 | +€277 | +13.6% |
| Gross operating margin | 9900 | €82,395 | €133,822 | +€51,427 | +62.4% |
| Operating profit (loss) | 9901 | €80,354 | €131,504 | +€51,150 | +63.7% |
| Financial income | 75/76B | €93 | €0 | -€93 | -99.7% |
| Recurring financial income | 75 | €93 | €0 | -€93 | -99.7% |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €80,447 | €131,444 | +€50,997 | +63.4% |
| Income taxes | 67/77 | €20,112 | €33,759 | +€13,647 | +67.9% |
| Profit (loss) for the period | 9904 | €60,336 | €97,685 | +€37,350 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,336 | €97,685 | +€37,350 | +61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.