RLE: 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.
RLE
Largest movements
- Cash -€41,981
down €41,981 (-61.1%), from €68,760 to €26,778
mainly Other debts (-€49,152) and Contributions, distributions and other (-€30,098)
- Tangible fixed assets -€14,077
down €14,077 (-30.3%), from €46,433 to €32,357
of which Furniture and vehicles: -€14,077
- Receivables within one year -€2,295
down €2,295 (-68.1%), from €3,371 to €1,076
of which Trade receivables: -€2,198
- Deferred charges and accrued income -€1,559
down €1,559 (-44.5%), from €3,500 to €1,941
- Other debts -€49,152
down €49,152 (-99.7%), from €49,307 to €154
- Tax, wage and social debts -€16,500
no longer reported in 2025 (was €16,500)
- Reserves +€15,560
up €15,560 (+154.1%), from €10,098 to €25,657
- Debts after one year -€12,270
down €12,270 (-41.9%), from €29,312 to €17,042
- Trade debts +€2,029
new in 2025: €2,029
- Gross operating margin +€43,769
up €43,769 (+139.1%), from €31,469 to €75,238
- Taxes +€8,817
up €8,817 (+224.4%), from €3,929 to €12,746
- Other operating charges -€1,182
down €1,182 (-43.5%), from €2,715 to €1,533
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 | €122,064 | €62,152 | -€59,912 | -49.1% |
| Fixed assets | 21/28 | €46,433 | €32,357 | -€14,077 | -30.3% |
| Tangible fixed assets | 22/27 | €46,433 | €32,357 | -€14,077 | -30.3% |
| Furniture and vehicles | 24 | €44,453 | €30,377 | -€14,077 | -31.7% |
| Other tangible fixed assets | 26 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €75,631 | €29,795 | -€45,836 | -60.6% |
| Amounts receivable within one year | 40/41 | €3,371 | €1,076 | -€2,295 | -68.1% |
| Trade receivables | 40 | €2,474 | €276 | -€2,198 | -88.9% |
| Other amounts receivable | 41 | €897 | €800 | -€97 | -10.8% |
| Cash at bank and in hand | 54/58 | €68,760 | €26,778 | -€41,981 | -61.1% |
| Deferred charges and accrued income | 490/1 | €3,500 | €1,941 | -€1,559 | -44.5% |
| Total equity and liabilities | 10/49 | €122,064 | €62,152 | -€59,912 | -49.1% |
| Equity | 10/15 | €15,098 | €30,657 | +€15,560 | +103.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,098 | €25,657 | +€15,560 | +154.1% |
| Distributable reserves | 133 | €10,098 | €25,657 | +€15,560 | +154.1% |
| Amounts payable | 17/49 | €106,966 | €31,495 | -€75,472 | -70.6% |
| Amounts payable after more than one year | 17 | €29,312 | €17,042 | -€12,270 | -41.9% |
| Financial debts | 170/4 | €29,312 | €17,042 | -€12,270 | -41.9% |
| Amounts payable within one year | 42/48 | €77,655 | €14,453 | -€63,202 | -81.4% |
| Current portion of amounts payable after more than one year | 42 | €11,848 | €12,270 | +€422 | +3.6% |
| Trade debts | 44 | - | €2,029 | +€2,029 | |
| Suppliers | 440/4 | - | €2,029 | +€2,029 | |
| Taxes, remuneration and social security | 45 | €16,500 | - | -€16,500 | |
| Taxes | 450/3 | €16,500 | - | -€16,500 | |
| Other amounts payable | 47/48 | €49,307 | €154 | -€49,152 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,077 | €14,077 | = | 0.0% |
| Other operating charges | 640/8 | €2,715 | €1,533 | -€1,182 | -43.5% |
| Gross operating margin | 9900 | €31,469 | €75,238 | +€43,769 | +139.1% |
| Operating profit (loss) | 9901 | €14,677 | €59,628 | +€44,951 | +306.3% |
| Financial income | 75/76B | €500 | €153 | -€347 | -69.5% |
| Recurring financial income | 75 | €500 | €153 | -€347 | -69.5% |
| Financial charges | 65/66B | €1,878 | €1,378 | -€501 | -26.6% |
| Recurring financial charges | 65 | €1,878 | €1,378 | -€501 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €13,299 | €58,403 | +€45,104 | +339.2% |
| Income taxes | 67/77 | €3,929 | €12,746 | +€8,817 | +224.4% |
| Profit (loss) for the period | 9904 | €9,370 | €45,657 | +€36,287 | +387.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,370 | €45,657 | +€36,287 | +387.3% |
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 6 October 2026 via checked.be.