THE RELIABLE TEAM: 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.
THE RELIABLE TEAM
Largest movements
- Tangible fixed assets -€11,145
down €11,145 (-18.9%), from €59,081 to €47,937
of which Furniture and vehicles: -€8,530
- Receivables within one year -€8,172
down €8,172 (-78.2%), from €10,450 to €2,278
of which Other amounts receivable: -€7,155
- Cash +€7,328
up €7,328 (+171%), from €4,275 to €11,603
mainly Net result for the year (+€49,070) and Depreciation (+€19,294)
- Deferred charges and accrued income -€1,072
down €1,072 (-39.3%), from €2,725 to €1,654
- Profit (loss) carried forward +€49,070
up €49,070 (+78.6%), from -€62,438 to -€13,369
- Other debts -€38,962
down €38,962 (-65.7%), from €59,327 to €20,365
- Trade debts -€10,085
down €10,085 (-73.8%), from €13,673 to €3,588
- Debts after one year -€6,643
down €6,643 (-34.1%), from €19,508 to €12,865
- Current portion of long-term debt -€5,867
down €5,867 (-46.9%), from €12,510 to €6,643
- Gross operating margin +€47,962
up €47,962 (+140%), from €34,258 to €82,220
- Depreciation -€5,123
down €5,123 (-21.0%), from €24,417 to €19,294
- Staff costs -€1,339
down €1,339 (-10.8%), from €12,402 to €11,062
- Financial charges +€1,283
up €1,283 (+144%), from €889 to €2,172
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 | €76,662 | €63,601 | -€13,060 | -17.0% |
| Fixed assets | 21/28 | €59,211 | €48,067 | -€11,145 | -18.8% |
| Tangible fixed assets | 22/27 | €59,081 | €47,937 | -€11,145 | -18.9% |
| Plant, machinery and equipment | 23 | €31,217 | €28,602 | -€2,615 | -8.4% |
| Furniture and vehicles | 24 | €27,864 | €19,334 | -€8,530 | -30.6% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €17,450 | €15,535 | -€1,915 | -11.0% |
| Amounts receivable within one year | 40/41 | €10,450 | €2,278 | -€8,172 | -78.2% |
| Trade receivables | 40 | €3,295 | €2,278 | -€1,017 | -30.9% |
| Other amounts receivable | 41 | €7,155 | - | -€7,155 | |
| Cash at bank and in hand | 54/58 | €4,275 | €11,603 | +€7,328 | +171% |
| Deferred charges and accrued income | 490/1 | €2,725 | €1,654 | -€1,072 | -39.3% |
| Total equity and liabilities | 10/49 | €76,662 | €63,601 | -€13,060 | -17.0% |
| Equity | 10/15 | -€30,378 | €18,691 | +€49,070 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €13,460 | €13,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,600 | €11,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,438 | -€13,369 | +€49,070 | +78.6% |
| Amounts payable | 17/49 | €107,040 | €44,910 | -€62,130 | -58.0% |
| Amounts payable after more than one year | 17 | €19,508 | €12,865 | -€6,643 | -34.1% |
| Financial debts | 170/4 | €19,508 | €12,865 | -€6,643 | -34.1% |
| Amounts payable within one year | 42/48 | €85,510 | €32,045 | -€53,465 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | €12,510 | €6,643 | -€5,867 | -46.9% |
| Trade debts | 44 | €13,673 | €3,588 | -€10,085 | -73.8% |
| Suppliers | 440/4 | €13,673 | €3,588 | -€10,085 | -73.8% |
| Taxes, remuneration and social security | 45 | - | €1,449 | +€1,449 | |
| Taxes | 450/3 | - | €888 | +€888 | |
| Remuneration and social security | 454/9 | - | €561 | +€561 | |
| Other amounts payable | 47/48 | €59,327 | €20,365 | -€38,962 | -65.7% |
| Accrued charges and deferred income | 492/3 | €2,022 | - | -€2,022 | |
| Remuneration, social security and pensions | 62 | €12,402 | €11,062 | -€1,339 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,417 | €19,294 | -€5,123 | -21.0% |
| Other operating charges | 640/8 | €425 | €623 | +€198 | +46.7% |
| Gross operating margin | 9900 | €34,258 | €82,220 | +€47,962 | +140% |
| Operating profit (loss) | 9901 | -€2,985 | €51,241 | +€54,226 | |
| Financial income | 75/76B | €117 | - | -€117 | |
| Recurring financial income | 75 | €117 | - | -€117 | |
| Financial charges | 65/66B | €889 | €2,172 | +€1,283 | +144% |
| Recurring financial charges | 65 | €889 | €2,172 | +€1,283 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€3,757 | €49,070 | +€52,826 | |
| Profit (loss) for the period | 9904 | -€3,757 | €49,070 | +€52,826 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,757 | €49,070 | +€52,826 |
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 28 October 2026 via checked.be.