REVEL: 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.
REVEL
Largest movements
- Cash +€236,308
up €236,308 (+4190.9%), from €5,639 to €241,947
mainly Net result for the year (+€498,521) and Provisions (+€40,457)
- Deferred charges and accrued income +€51,770
up €51,770 (+924.0%), from €5,603 to €57,373
- Tangible fixed assets -€45,763
down €45,763 (-4.4%), from €1.0m to €996,150
- Reserves +€498,521
up €498,521 (+708.0%), from €70,415 to €568,936
of which Distributable reserves: +€377,149
- Other debts -€296,162
down €296,162 (-18.5%), from €1.6m to €1.3m
- Gross operating margin +€595,671
up €595,671 (+771.4%), from €77,222 to €672,893
- Taxes +€175,707
up €175,707 (+7186.5%), from €2,445 to €178,152
- Financial income +€85,708
up €85,708 (+4443.8%), from €1,929 to €87,637
- Financial charges -€27,274
down €27,274 (-97.8%), from €27,877 to €604
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 | €4,029,381 | €4,289,387 | +€260,006 | +6.5% |
| Fixed assets | 21/28 | €3,591,913 | €3,546,150 | -€45,763 | -1.3% |
| Tangible fixed assets | 22/27 | €1,041,913 | €996,150 | -€45,763 | -4.4% |
| Land and buildings | 22 | €1,041,913 | €996,150 | -€45,763 | -4.4% |
| Financial fixed assets | 28 | €2,550,000 | €2,550,000 | = | 0.0% |
| Current assets | 29/58 | €437,468 | €743,237 | +€305,769 | +69.9% |
| Amounts receivable after more than one year | 29 | €337,500 | €337,500 | = | 0.0% |
| Other amounts receivable | 291 | €337,500 | €337,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,317 | €11,817 | +€9,500 | +410.0% |
| Other amounts receivable | 41 | €2,317 | €11,817 | +€9,500 | +410.0% |
| Current investments | 50/53 | €86,410 | €94,600 | +€8,190 | +9.5% |
| Cash at bank and in hand | 54/58 | €5,639 | €241,947 | +€236,308 | +4190.9% |
| Deferred charges and accrued income | 490/1 | €5,603 | €57,373 | +€51,770 | +924.0% |
| Total equity and liabilities | 10/49 | €4,029,381 | €4,289,387 | +€260,006 | +6.5% |
| Equity | 10/15 | €1,102,248 | €1,600,769 | +€498,521 | +45.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €70,415 | €568,936 | +€498,521 | +708.0% |
| Tax-exempt reserves | 132 | - | €121,372 | +€121,372 | |
| Distributable reserves | 133 | €70,415 | €447,564 | +€377,149 | +535.6% |
| Profit (loss) carried forward | 14 | €731,833 | €731,833 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €40,457 | +€40,457 | |
| Deferred taxes | 168 | - | €40,457 | +€40,457 | |
| Amounts payable | 17/49 | €2,927,133 | €2,648,161 | -€278,972 | -9.5% |
| Amounts payable after more than one year | 17 | €1,300,000 | €1,300,000 | = | 0.0% |
| Financial debts | 170/4 | €1,300,000 | €1,300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,625,299 | €1,346,276 | -€279,023 | -17.2% |
| Trade debts | 44 | €18,915 | €763 | -€18,151 | -96.0% |
| Suppliers | 440/4 | €18,915 | €763 | -€18,151 | -96.0% |
| Taxes, remuneration and social security | 45 | €2,425 | €37,715 | +€35,290 | +1455.0% |
| Taxes | 450/3 | €2,425 | €37,715 | +€35,290 | +1455.0% |
| Other amounts payable | 47/48 | €1,603,959 | €1,307,798 | -€296,162 | -18.5% |
| Accrued charges and deferred income | 492/3 | €1,834 | €1,885 | +€52 | +2.8% |
| Non-recurring operating income | 76A | - | €602,555 | +€602,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,713 | €30,551 | -€2,162 | -6.6% |
| Other operating charges | 640/8 | €12,862 | €12,245 | -€617 | -4.8% |
| Gross operating margin | 9900 | €77,222 | €672,893 | +€595,671 | +771.4% |
| Operating profit (loss) | 9901 | €31,647 | €630,097 | +€598,450 | +1891.0% |
| Financial income | 75/76B | €1,929 | €87,637 | +€85,708 | +4443.8% |
| Recurring financial income | 75 | €1,929 | €87,637 | +€85,708 | +4443.8% |
| Financial charges | 65/66B | €27,877 | €604 | -€27,274 | -97.8% |
| Recurring financial charges | 65 | €27,877 | €604 | -€27,274 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €5,699 | €717,130 | +€711,432 | +12484.0% |
| Transfer from deferred taxes | 780 | - | €245 | +€245 | |
| Transfer to deferred taxes | 680 | - | €40,702 | +€40,702 | |
| Income taxes | 67/77 | €2,445 | €178,152 | +€175,707 | +7186.5% |
| Profit (loss) for the period | 9904 | €3,254 | €498,521 | +€495,267 | +15221.2% |
| Transfer from tax-exempt reserves | 789 | - | €736 | +€736 | |
| Transfer to tax-exempt reserves | 689 | - | €122,107 | +€122,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,254 | €377,149 | +€373,895 | +11491.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.