Rhéalize: 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.
Rhéalize
Largest movements
- Cash +€34,319
up €34,319 (+307.6%), from €11,157 to €45,476
mainly Receivables within one year (+€26,060) and Net result for the year (+€16,197)
- Receivables within one year -€26,060
down €26,060 (-32.6%), from €79,910 to €53,851
of which Trade receivables: -€46,022
- Reserves +€15,559
up €15,559 (+31.2%), from €49,834 to €65,393
- Tax, wage and social debts -€8,548
down €8,548 (-87.4%), from €9,786 to €1,238
- Gross operating margin -€13,184
down €13,184 (-19.7%), from €67,088 to €53,905
- Financial charges -€3,654
down €3,654 (-10.5%), from €34,937 to €31,283
- Taxes -€2,157
down €2,157 (-23.6%), from €9,154 to €6,997
- Financial income +€1,631
up €1,631 (+1630.9%), from €100 to €1,731
- Provisions +€1,265
up €1,265, from -€378 to €887
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 | €91,068 | €99,327 | +€8,259 | +9.1% |
| Current assets | 29/58 | €91,068 | €99,327 | +€8,259 | +9.1% |
| Amounts receivable within one year | 40/41 | €79,910 | €53,851 | -€26,060 | -32.6% |
| Trade receivables | 40 | €46,277 | €255 | -€46,022 | -99.4% |
| Other amounts receivable | 41 | €33,634 | €53,596 | +€19,962 | +59.4% |
| Cash at bank and in hand | 54/58 | €11,157 | €45,476 | +€34,319 | +307.6% |
| Total equity and liabilities | 10/49 | €91,068 | €99,327 | +€8,259 | +9.1% |
| Equity | 10/15 | €51,834 | €67,198 | +€15,364 | +29.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,834 | €65,393 | +€15,559 | +31.2% |
| Distributable reserves | 133 | €49,834 | €65,393 | +€15,559 | +31.2% |
| Profit (loss) carried forward | 14 | - | -€195 | -€195 | |
| Provisions and deferred taxes | 16 | €28,846 | €29,734 | +€887 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €28,846 | €29,734 | +€887 | +3.1% |
| Other liabilities and charges | 164/5 | €28,846 | €29,734 | +€887 | +3.1% |
| Amounts payable | 17/49 | €10,387 | €2,395 | -€7,992 | -76.9% |
| Amounts payable within one year | 42/48 | €10,387 | €2,395 | -€7,992 | -76.9% |
| Trade debts | 44 | - | €491 | +€491 | |
| Suppliers | 440/4 | - | €491 | +€491 | |
| Taxes, remuneration and social security | 45 | €9,786 | €1,238 | -€8,548 | -87.4% |
| Taxes | 450/3 | €9,786 | €1,238 | -€8,548 | -87.4% |
| Other amounts payable | 47/48 | €601 | €666 | +€65 | +10.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€378 | €887 | +€1,265 | |
| Other operating charges | 640/8 | - | €271 | +€271 | |
| Gross operating margin | 9900 | €67,088 | €53,905 | -€13,184 | -19.7% |
| Operating profit (loss) | 9901 | €67,466 | €52,746 | -€14,720 | -21.8% |
| Financial income | 75/76B | €100 | €1,731 | +€1,631 | +1630.9% |
| Recurring financial income | 75 | €100 | €1,731 | +€1,631 | +1630.9% |
| Financial charges | 65/66B | €34,937 | €31,283 | -€3,654 | -10.5% |
| Recurring financial charges | 65 | €34,937 | €31,283 | -€3,654 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €32,629 | €23,194 | -€9,435 | -28.9% |
| Income taxes | 67/77 | €9,154 | €6,997 | -€2,157 | -23.6% |
| Profit (loss) for the period | 9904 | €23,475 | €16,197 | -€7,278 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,475 | €16,197 | -€7,278 | -31.0% |
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 2 October 2026 via checked.be.