REZLERS: 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.
REZLERS
Largest movements
- Receivables within one year -€66,444
down €66,444 (-51.5%), from €128,904 to €62,460
of which Trade receivables: -€51,579
- Tangible fixed assets +€17,370
up €17,370 (+197%), from €8,830 to €26,200
- Cash +€15,068
up €15,068 (+55.4%), from €27,186 to €42,254
mainly Receivables within one year (+€66,444) and Net result for the year (+€23,704)
- Trade debts -€39,027
down €39,027 (-52.8%), from €73,973 to €34,946
- Reserves +€23,704
up €23,704 (+25.2%), from €94,130 to €117,834
of which Distributable reserves: +€23,704
- Other debts -€17,270
down €17,270 (-100%), from €17,270 to €0
- Debts after one year +€11,173
up €11,173 (+137%), from €8,174 to €19,347
- Tax, wage and social debts -€7,737
down €7,737 (-54.3%), from €14,253 to €6,515
of which Taxes: -€7,737
- Gross operating margin -€44,841
down €44,841 (-55.2%), from €81,257 to €36,416
- Taxes -€4,183
down €4,183 (-39.5%), from €10,584 to €6,400
- Depreciation -€2,888
down €2,888 (-37.0%), from €7,797 to €4,909
- Financial charges +€1,317
up €1,317 (+132%), from €999 to €2,315
- Financial income -€1,023
down €1,023 (-37.3%), from €2,746 to €1,723
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 | €222,203 | €188,760 | -€33,444 | -15.1% |
| Fixed assets | 21/28 | €63,731 | €81,101 | +€17,370 | +27.3% |
| Tangible fixed assets | 22/27 | €8,830 | €26,200 | +€17,370 | +197% |
| Leasing and similar rights | 25 | €8,830 | €26,200 | +€17,370 | +197% |
| Financial fixed assets | 28 | €54,901 | €54,901 | = | 0.0% |
| Current assets | 29/58 | €158,473 | €107,659 | -€50,814 | -32.1% |
| Amounts receivable within one year | 40/41 | €128,904 | €62,460 | -€66,444 | -51.5% |
| Trade receivables | 40 | €85,878 | €34,299 | -€51,579 | -60.1% |
| Other amounts receivable | 41 | €43,026 | €28,161 | -€14,865 | -34.5% |
| Cash at bank and in hand | 54/58 | €27,186 | €42,254 | +€15,068 | +55.4% |
| Deferred charges and accrued income | 490/1 | €2,382 | €2,944 | +€562 | +23.6% |
| Total equity and liabilities | 10/49 | €222,203 | €188,760 | -€33,444 | -15.1% |
| Equity | 10/15 | €100,330 | €124,034 | +€23,704 | +23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,130 | €117,834 | +€23,704 | +25.2% |
| Tax-exempt reserves | 132 | €9,600 | €9,600 | = | 0.0% |
| Distributable reserves | 133 | €84,530 | €108,234 | +€23,704 | +28.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,874 | €64,726 | -€57,148 | -46.9% |
| Amounts payable after more than one year | 17 | €8,174 | €19,347 | +€11,173 | +137% |
| Financial debts | 170/4 | €8,174 | €19,347 | +€11,173 | +137% |
| Amounts payable within one year | 42/48 | €113,699 | €45,378 | -€68,321 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €8,204 | €3,917 | -€4,287 | -52.3% |
| Trade debts | 44 | €73,973 | €34,946 | -€39,027 | -52.8% |
| Suppliers | 440/4 | €73,973 | €34,946 | -€39,027 | -52.8% |
| Taxes, remuneration and social security | 45 | €14,253 | €6,515 | -€7,737 | -54.3% |
| Taxes | 450/3 | €11,253 | €3,515 | -€7,737 | -68.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €17,270 | €0 | -€17,270 | -100% |
| Non-recurring operating income | 76A | €23,000 | €0 | -€23,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,797 | €4,909 | -€2,888 | -37.0% |
| Other operating charges | 640/8 | €406 | €809 | +€403 | +99.3% |
| Gross operating margin | 9900 | €81,257 | €36,416 | -€44,841 | -55.2% |
| Operating profit (loss) | 9901 | €73,054 | €30,697 | -€42,357 | -58.0% |
| Financial income | 75/76B | €2,746 | €1,723 | -€1,023 | -37.3% |
| Recurring financial income | 75 | €2,746 | €1,723 | -€1,023 | -37.3% |
| Financial charges | 65/66B | €999 | €2,315 | +€1,317 | +132% |
| Recurring financial charges | 65 | €999 | €2,315 | +€1,317 | +132% |
| Profit (loss) for the period before taxes | 9903 | €74,801 | €30,105 | -€44,696 | -59.8% |
| Income taxes | 67/77 | €10,584 | €6,400 | -€4,183 | -39.5% |
| Profit (loss) for the period | 9904 | €64,217 | €23,704 | -€40,513 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,217 | €23,704 | -€40,513 | -63.1% |
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 18 October 2026 via checked.be.