Showreal: 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.
Showreal
Largest movements
- Tangible fixed assets +€522,621
up €522,621 (+127.4%), from €410,168 to €932,790
of which Land and buildings: +€492,224
- Receivables within one year -€35,709
down €35,709 (-32.4%), from €110,136 to €74,427
of which Other amounts receivable: -€67,429
- Cash -€22,975
down €22,975 (-41.3%), from €55,692 to €32,717
mainly Investment in fixed assets (net) (-€564,518) and Contributions, distributions and other (-€99,426)
- Debts after one year +€332,617
up €332,617 (+87.1%), from €381,902 to €714,519
- Other debts +€59,421
up €59,421 (+85.3%), from €69,676 to €129,097
- Tax, wage and social debts +€32,969
up €32,969 (+4233.2%), from €779 to €33,748
- Current portion of long-term debt +€25,570
up €25,570 (+120.6%), from €21,211 to €46,781
- Gross operating margin +€50,551
up €50,551 (+31.6%), from €160,101 to €210,652
- Depreciation +€32,361
up €32,361 (+339.4%), from €9,535 to €41,897
- Financial charges +€16,686
up €16,686 (+301.3%), from €5,539 to €22,225
- Other operating charges -€14,840
down €14,840 (-88.5%), from €16,773 to €1,933
- Taxes +€9,243
up €9,243 (+32.1%), from €28,831 to €38,074
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 | €577,573 | €1,041,002 | +€463,429 | +80.2% |
| Fixed assets | 21/28 | €410,168 | €932,790 | +€522,621 | +127.4% |
| Tangible fixed assets | 22/27 | €410,168 | €932,790 | +€522,621 | +127.4% |
| Land and buildings | 22 | €405,401 | €897,626 | +€492,224 | +121.4% |
| Plant, machinery and equipment | 23 | €4,206 | €3,909 | -€297 | -7.1% |
| Furniture and vehicles | 24 | €561 | €31,255 | +€30,694 | +5474.6% |
| Current assets | 29/58 | €167,405 | €108,213 | -€59,192 | -35.4% |
| Amounts receivable within one year | 40/41 | €110,136 | €74,427 | -€35,709 | -32.4% |
| Trade receivables | 40 | €42,489 | €74,209 | +€31,720 | +74.7% |
| Other amounts receivable | 41 | €67,646 | €218 | -€67,429 | -99.7% |
| Cash at bank and in hand | 54/58 | €55,692 | €32,717 | -€22,975 | -41.3% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,070 | -€508 | -32.2% |
| Total equity and liabilities | 10/49 | €577,573 | €1,041,002 | +€463,429 | +80.2% |
| Equity | 10/15 | €101,426 | €109,103 | +€7,677 | +7.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €99,426 | €107,103 | +€7,677 | +7.7% |
| Distributable reserves | 133 | €99,426 | €107,103 | +€7,677 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €476,147 | €931,900 | +€455,753 | +95.7% |
| Amounts payable after more than one year | 17 | €381,902 | €714,519 | +€332,617 | +87.1% |
| Financial debts | 170/4 | €381,902 | €714,519 | +€332,617 | +87.1% |
| Amounts payable within one year | 42/48 | €94,246 | €217,381 | +€123,135 | +130.7% |
| Current portion of amounts payable after more than one year | 42 | €21,211 | €46,781 | +€25,570 | +120.6% |
| Trade debts | 44 | €2,580 | €7,754 | +€5,174 | +200.5% |
| Suppliers | 440/4 | €2,580 | €7,754 | +€5,174 | +200.5% |
| Taxes, remuneration and social security | 45 | €779 | €33,748 | +€32,969 | +4233.2% |
| Taxes | 450/3 | €779 | €33,748 | +€32,969 | +4233.2% |
| Other amounts payable | 47/48 | €69,676 | €129,097 | +€59,421 | +85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,535 | €41,897 | +€32,361 | +339.4% |
| Other operating charges | 640/8 | €16,773 | €1,933 | -€14,840 | -88.5% |
| Gross operating margin | 9900 | €160,101 | €210,652 | +€50,551 | +31.6% |
| Operating profit (loss) | 9901 | €133,793 | €166,822 | +€33,029 | +24.7% |
| Financial income | 75/76B | €2 | €579 | +€577 | +26604.1% |
| Recurring financial income | 75 | €2 | €579 | +€577 | +26604.1% |
| Financial charges | 65/66B | €5,539 | €22,225 | +€16,686 | +301.3% |
| Recurring financial charges | 65 | €5,539 | €22,225 | +€16,686 | +301.3% |
| Profit (loss) for the period before taxes | 9903 | €128,256 | €145,177 | +€16,920 | +13.2% |
| Income taxes | 67/77 | €28,831 | €38,074 | +€9,243 | +32.1% |
| Profit (loss) for the period | 9904 | €99,426 | €107,103 | +€7,677 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €99,426 | €107,103 | +€7,677 | +7.7% |
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 7 October 2026 via checked.be.