REVO-S GROUP: what changed
Two financial 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.
REVO-S GROUP
Largest movements
- Receivables within one year +€318,427
up €318,427 (+161%), from €198,300 to €516,728
- Cash -€48,840
no longer reported in 2025 (was €48,840)
mainly Receivables within one year (-€318,427) and Investment in fixed assets (net) (-€33,193)
- Tangible fixed assets -€11,035
down €11,035 (-8.1%), from €135,899 to €124,863
of which Plant, machinery and equipment: -€17,801
- Profit (loss) carried forward +€117,938
up €117,938 (+66.7%), from €176,837 to €294,775
- Trade debts +€65,098
up €65,098 (+282%), from €23,125 to €88,223
- Current portion of long-term debt +€48,101
up €48,101 (+208%), from €23,101 to €71,201
- Short-term financial debts +€29,993
new in 2025: €29,993
- Debts after one year +€22,633
up €22,633 (+29.7%), from €76,087 to €98,719
- Gross operating margin +€88,740
up €88,740 (+51.4%), from €172,737 to €261,477
- Staff costs +€15,160
up €15,160 (+80.7%), from €18,790 to €33,951
- Other operating charges +€13,884
up €13,884 (+350%), from €3,963 to €17,848
- Financial charges +€9,513
up €9,513 (+270%), from €3,530 to €13,043
- Depreciation +€9,512
up €9,512 (+27.4%), from €34,717 to €44,229
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.
Derived cash bridge
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 | €390,876 | €648,412 | +€257,536 | +65.9% |
| Fixed assets | 21/28 | €137,759 | €126,723 | -€11,035 | -8.0% |
| Tangible fixed assets | 22/27 | €135,899 | €124,863 | -€11,035 | -8.1% |
| Plant, machinery and equipment | 23 | €55,019 | €37,218 | -€17,801 | -32.4% |
| Furniture and vehicles | 24 | €225 | €22,871 | +€22,646 | +10,074% |
| Leasing and similar rights | 25 | €61,732 | €48,214 | -€13,518 | -21.9% |
| Other tangible fixed assets | 26 | €18,923 | €16,560 | -€2,362 | -12.5% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €253,117 | €521,688 | +€268,572 | +106% |
| Amounts receivable within one year | 40/41 | €198,300 | €516,728 | +€318,427 | +161% |
| Other amounts receivable | 41 | €198,300 | €516,728 | +€318,427 | +161% |
| Cash at bank and in hand | 54/58 | €48,840 | - | -€48,840 | |
| Deferred charges and accrued income | 490/1 | €5,976 | €4,961 | -€1,015 | -17.0% |
| Total equity and liabilities | 10/49 | €390,876 | €648,412 | +€257,536 | +65.9% |
| Equity | 10/15 | €179,837 | €297,775 | +€117,938 | +65.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €176,837 | €294,775 | +€117,938 | +66.7% |
| Amounts payable | 17/49 | €211,039 | €350,637 | +€139,598 | +66.1% |
| Amounts payable after more than one year | 17 | €76,087 | €98,719 | +€22,633 | +29.7% |
| Financial debts | 170/4 | €76,087 | €98,719 | +€22,633 | +29.7% |
| Amounts payable within one year | 42/48 | €134,952 | €251,918 | +€116,966 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €23,101 | €71,201 | +€48,101 | +208% |
| Financial debts | 43 | - | €29,993 | +€29,993 | |
| Credit institutions | 430/8 | - | €29,993 | +€29,993 | |
| Trade debts | 44 | €23,125 | €88,223 | +€65,098 | +282% |
| Suppliers | 440/4 | €23,125 | €88,223 | +€65,098 | +282% |
| Taxes, remuneration and social security | 45 | €66,690 | €57,501 | -€9,189 | -13.8% |
| Taxes | 450/3 | €66,690 | €51,524 | -€15,166 | -22.7% |
| Remuneration and social security | 454/9 | - | €5,977 | +€5,977 | |
| Other amounts payable | 47/48 | €22,036 | €5,000 | -€17,036 | -77.3% |
| Remuneration, social security and pensions | 62 | €18,790 | €33,951 | +€15,160 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,717 | €44,229 | +€9,512 | +27.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,089 | - | -€7,089 | |
| Other operating charges | 640/8 | €3,963 | €17,848 | +€13,884 | +350% |
| Gross operating margin | 9900 | €172,737 | €261,477 | +€88,740 | +51.4% |
| Operating profit (loss) | 9901 | €108,177 | €165,451 | +€57,274 | +52.9% |
| Financial income | 75/76B | €66 | - | -€66 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Financial charges | 65/66B | €3,530 | €13,043 | +€9,513 | +270% |
| Recurring financial charges | 65 | €3,530 | €13,043 | +€9,513 | +270% |
| Profit (loss) for the period before taxes | 9903 | €104,713 | €152,407 | +€47,694 | +45.5% |
| Income taxes | 67/77 | €26,297 | €34,470 | +€8,172 | +31.1% |
| Profit (loss) for the period | 9904 | €78,416 | €117,938 | +€39,522 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,416 | €117,938 | +€39,522 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.