REZOTAL: 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.
REZOTAL
Largest movements
- Stocks and contracts -€51,063
down €51,063 (-7.5%), from €677,013 to €625,949
- Reserves -€70,500
no longer reported in 2025 (was €70,500)
- Trade debts +€35,828
up €35,828 (+7.1%), from €504,614 to €540,442
- Profit (loss) carried forward -€22,263
down €22,263, from €85 to -€22,178
- Debts after one year +€10,218
up €10,218 (+291%), from €3,516 to €13,734
of which Financial debts: +€13,734
- Gross operating margin -€96,460
down €96,460, from €14,326 to -€82,134
- Financial charges +€7,669
up €7,669 (+326%), from €2,353 to €10,022
- Other operating charges -€2,653
down €2,653 (-93.5%), from €2,838 to €186
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €755,355 | €710,646 | -€44,709 | -5.9% |
| Fixed assets | 21/28 | €527 | €105 | -€421 | -80.0% |
| Tangible fixed assets | 22/27 | €527 | €105 | -€421 | -80.0% |
| Furniture and vehicles | 24 | €527 | €105 | -€421 | -80.0% |
| Current assets | 29/58 | €754,829 | €710,541 | -€44,288 | -5.9% |
| Stocks and contracts in progress | 3 | €677,013 | €625,949 | -€51,063 | -7.5% |
| Stocks | 30/36 | €677,013 | €625,949 | -€51,063 | -7.5% |
| Amounts receivable within one year | 40/41 | €77,816 | €84,592 | +€6,776 | +8.7% |
| Other amounts receivable | 41 | €77,816 | €84,592 | +€6,776 | +8.7% |
| Total equity and liabilities | 10/49 | €755,355 | €710,646 | -€44,709 | -5.9% |
| Equity | 10/15 | €237,913 | €145,150 | -€92,763 | -39.0% |
| Contributions | 10/11 | €167,328 | €167,328 | = | 0.0% |
| Reserves | 13 | €70,500 | - | -€70,500 | |
| Distributable reserves | 133 | €70,500 | - | -€70,500 | |
| Profit (loss) carried forward | 14 | €85 | -€22,178 | -€22,263 | |
| Amounts payable | 17/49 | €517,442 | €565,496 | +€48,054 | +9.3% |
| Amounts payable after more than one year | 17 | €3,516 | €13,734 | +€10,218 | +291% |
| Financial debts | 170/4 | - | €13,734 | +€13,734 | |
| Other amounts payable | 178/9 | €3,516 | - | -€3,516 | |
| Amounts payable within one year | 42/48 | €513,926 | €551,762 | +€37,836 | +7.4% |
| Trade debts | 44 | €504,614 | €540,442 | +€35,828 | +7.1% |
| Suppliers | 440/4 | €504,614 | €540,442 | +€35,828 | +7.1% |
| Taxes, remuneration and social security | 45 | €9,312 | €11,320 | +€2,008 | +21.6% |
| Taxes | 450/3 | €9,312 | €11,320 | +€2,008 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €421 | = | 0.0% |
| Other operating charges | 640/8 | €2,838 | €186 | -€2,653 | -93.5% |
| Gross operating margin | 9900 | €14,326 | -€82,134 | -€96,460 | |
| Operating profit (loss) | 9901 | €11,066 | -€82,741 | -€93,807 | |
| Financial income | 75/76B | €69 | €0 | -€68 | -99.6% |
| Recurring financial income | 75 | €69 | €0 | -€68 | -99.6% |
| Financial charges | 65/66B | €2,353 | €10,022 | +€7,669 | +326% |
| Recurring financial charges | 65 | €2,353 | €10,022 | +€7,669 | +326% |
| Profit (loss) for the period before taxes | 9903 | €8,782 | -€92,763 | -€101,544 | |
| Income taxes | 67/77 | €701 | - | -€701 | |
| Profit (loss) for the period | 9904 | €8,081 | -€92,763 | -€100,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,081 | -€92,763 | -€100,844 |
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 19 October 2026 via checked.be.