REVICAL: 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.
REVICAL
Largest movements
- Tangible fixed assets +€411,628
up €411,628 (+95.9%), from €429,319 to €840,947
of which Land and buildings: +€438,257
- Cash -€296,742
down €296,742 (-68.8%), from €431,188 to €134,447
mainly Investment in fixed assets (net) (-€448,285) and Other debts (-€400,000)
- Receivables within one year -€13,224
down €13,224 (-97.7%), from €13,528 to €305
of which Other amounts receivable: -€13,224
- Debts after one year +€478,604
new in 2025: €478,604
- Other debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Current portion of long-term debt +€64,054
new in 2025: €64,054
- Reserves -€27,504
down €27,504 (-6.7%), from €412,107 to €384,603
of which Distributable reserves: -€27,504
- Trade debts -€13,788
down €13,788 (-37.7%), from €36,598 to €22,810
- Gross operating margin -€17,020
down €17,020 (-39.3%), from €43,337 to €26,317
- Depreciation +€15,581
up €15,581 (+73.9%), from €21,075 to €36,656
- Financial charges +€8,345
up €8,345 (+4813.5%), from €173 to €8,519
- Taxes -€7,276
down €7,276 (-100.0%), from €7,276 to €0
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 | €874,035 | €975,699 | +€101,663 | +11.6% |
| Fixed assets | 21/28 | €429,319 | €840,947 | +€411,628 | +95.9% |
| Tangible fixed assets | 22/27 | €429,319 | €840,947 | +€411,628 | +95.9% |
| Land and buildings | 22 | €399,161 | €837,418 | +€438,257 | +109.8% |
| Plant, machinery and equipment | 23 | €833 | €625 | -€208 | -25.0% |
| Furniture and vehicles | 24 | €4,233 | €2,905 | -€1,329 | -31.4% |
| Other tangible fixed assets | 26 | €25,092 | €0 | -€25,092 | -100.0% |
| Current assets | 29/58 | €444,717 | €134,751 | -€309,965 | -69.7% |
| Amounts receivable within one year | 40/41 | €13,528 | €305 | -€13,224 | -97.7% |
| Trade receivables | 40 | €305 | €305 | = | 0.0% |
| Other amounts receivable | 41 | €13,224 | €0 | -€13,224 | -100.0% |
| Cash at bank and in hand | 54/58 | €431,188 | €134,447 | -€296,742 | -68.8% |
| Total equity and liabilities | 10/49 | €874,035 | €975,699 | +€101,663 | +11.6% |
| Equity | 10/15 | €437,107 | €409,603 | -€27,504 | -6.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €412,107 | €384,603 | -€27,504 | -6.7% |
| Tax-exempt reserves | 132 | €41,388 | €41,388 | = | 0.0% |
| Distributable reserves | 133 | €370,719 | €343,215 | -€27,504 | -7.4% |
| Amounts payable | 17/49 | €436,928 | €566,096 | +€129,168 | +29.6% |
| Amounts payable after more than one year | 17 | - | €478,604 | +€478,604 | |
| Financial debts | 170/4 | - | €478,604 | +€478,604 | |
| Amounts payable within one year | 42/48 | €436,598 | €87,492 | -€349,106 | -80.0% |
| Current portion of amounts payable after more than one year | 42 | - | €64,054 | +€64,054 | |
| Trade debts | 44 | €36,598 | €22,810 | -€13,788 | -37.7% |
| Suppliers | 440/4 | €36,598 | €22,810 | -€13,788 | -37.7% |
| Taxes, remuneration and social security | 45 | - | €628 | +€628 | |
| Taxes | 450/3 | - | €628 | +€628 | |
| Other amounts payable | 47/48 | €400,000 | €0 | -€400,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €330 | €0 | -€330 | -100.0% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,075 | €36,656 | +€15,581 | +73.9% |
| Other operating charges | 640/8 | €8,846 | €8,658 | -€188 | -2.1% |
| Gross operating margin | 9900 | €43,337 | €26,317 | -€17,020 | -39.3% |
| Operating profit (loss) | 9901 | €13,417 | -€18,996 | -€32,413 | |
| Financial income | 75/76B | €12 | €11 | -€1 | -11.7% |
| Recurring financial income | 75 | €12 | €11 | -€1 | -11.7% |
| Financial charges | 65/66B | €173 | €8,519 | +€8,345 | +4813.5% |
| Recurring financial charges | 65 | €173 | €8,519 | +€8,345 | +4813.5% |
| Profit (loss) for the period before taxes | 9903 | €13,255 | -€27,504 | -€40,760 | |
| Income taxes | 67/77 | €7,276 | €0 | -€7,276 | -100.0% |
| Profit (loss) for the period | 9904 | €5,980 | -€27,504 | -€33,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,980 | -€27,504 | -€33,484 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.