REVICON: 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.
REVICON
Largest movements
- Tangible fixed assets +€267,802
up €267,802 (+869.4%), from €30,802 to €298,604
of which Land and buildings: +€280,731
- Receivables within one year -€7,507
down €7,507 (-51.0%), from €14,728 to €7,221
of which Trade receivables: -€7,497
- Debts after one year +€156,039
new in 2025: €156,039
- Other debts +€90,952
up €90,952 (+253.2%), from €35,924 to €126,876
- Current portion of long-term debt +€15,226
new in 2025: €15,226
- Profit (loss) carried forward -€4,917
down €4,917 (-252.8%), from -€1,945 to -€6,862
- Financial charges +€2,548
up €2,548 (+907.8%), from €281 to €2,828
- Depreciation -€2,072
down €2,072 (-13.3%), from €15,553 to €13,481
- Gross operating margin -€1,271
down €1,271 (-8.6%), from €14,797 to €13,526
- Other operating charges +€694
up €694 (+51.8%), from €1,339 to €2,033
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 | €56,615 | €316,965 | +€260,351 | +459.9% |
| Fixed assets | 21/28 | €33,852 | €298,654 | +€264,802 | +782.2% |
| Tangible fixed assets | 22/27 | €30,802 | €298,604 | +€267,802 | +869.4% |
| Land and buildings | 22 | - | €280,731 | +€280,731 | |
| Plant, machinery and equipment | 23 | €25,570 | €14,853 | -€10,717 | -41.9% |
| Furniture and vehicles | 24 | €1,803 | €0 | -€1,803 | -100.0% |
| Other tangible fixed assets | 26 | €3,430 | €3,020 | -€409 | -11.9% |
| Financial fixed assets | 28 | €3,050 | €50 | -€3,000 | -98.4% |
| Current assets | 29/58 | €22,762 | €18,311 | -€4,451 | -19.6% |
| Stocks and contracts in progress | 3 | €1,924 | €2,061 | +€137 | +7.1% |
| Stocks | 30/36 | €1,924 | €2,061 | +€137 | +7.1% |
| Amounts receivable within one year | 40/41 | €14,728 | €7,221 | -€7,507 | -51.0% |
| Trade receivables | 40 | €14,717 | €7,221 | -€7,497 | -50.9% |
| Other amounts receivable | 41 | €11 | €0 | -€11 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,701 | €7,438 | +€2,737 | +58.2% |
| Deferred charges and accrued income | 490/1 | €1,409 | €1,590 | +€181 | +12.9% |
| Total equity and liabilities | 10/49 | €56,615 | €316,965 | +€260,351 | +459.9% |
| Equity | 10/15 | €18,515 | €13,598 | -€4,917 | -26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,945 | -€6,862 | -€4,917 | -252.8% |
| Amounts payable | 17/49 | €38,099 | €303,367 | +€265,267 | +696.3% |
| Amounts payable after more than one year | 17 | - | €156,039 | +€156,039 | |
| Financial debts | 170/4 | - | €156,039 | +€156,039 | |
| Amounts payable within one year | 42/48 | €38,099 | €147,328 | +€109,229 | +286.7% |
| Current portion of amounts payable after more than one year | 42 | - | €15,226 | +€15,226 | |
| Trade debts | 44 | €367 | €2,826 | +€2,459 | +670.1% |
| Suppliers | 440/4 | €367 | €2,826 | +€2,459 | +670.1% |
| Taxes, remuneration and social security | 45 | €1,808 | €2,400 | +€592 | +32.7% |
| Taxes | 450/3 | €1,808 | €2,400 | +€592 | +32.7% |
| Other amounts payable | 47/48 | €35,924 | €126,876 | +€90,952 | +253.2% |
| Non-recurring operating income | 76A | - | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,553 | €13,481 | -€2,072 | -13.3% |
| Other operating charges | 640/8 | €1,339 | €2,033 | +€694 | +51.8% |
| Non-recurring operating charges | 66A | - | €101 | +€101 | |
| Gross operating margin | 9900 | €14,797 | €13,526 | -€1,271 | -8.6% |
| Operating profit (loss) | 9901 | -€2,095 | -€2,089 | +€7 | +0.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €281 | €2,828 | +€2,548 | +907.8% |
| Recurring financial charges | 65 | €281 | €2,828 | +€2,548 | +907.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,376 | -€4,917 | -€2,541 | -106.9% |
| Profit (loss) for the period | 9904 | -€2,376 | -€4,917 | -€2,541 | -106.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,376 | -€4,917 | -€2,541 | -106.9% |
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 8 October 2026 via checked.be.