REVAP: 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.
REVAP
Largest movements
- Cash -€683,718
down €683,718 (-91.3%), from €748,593 to €64,875
mainly Short-term financial debts (-€556,252) and Accrued charges and deferred income (-€78,149)
- Receivables within one year +€51,886
up €51,886 (+6,366%), from €815 to €52,701
of which Trade receivables: +€44,327
- Stocks and contracts +€42,123
up €42,123 (+3.7%), from €1.1m to €1.2m
- Short-term financial debts -€556,252
down €556,252 (-35.5%), from €1.6m to €1.0m
- Accrued charges and deferred income -€78,149
down €78,149 (-78.5%), from €99,510 to €21,360
- Other debts +€30,703
up €30,703 (+228%), from €13,446 to €44,149
- Gross operating margin -€107,493
down €107,493 (-80.3%), from €133,822 to €26,329
- Taxes -€28,317
down €28,317 (-83.9%), from €33,759 to €5,442
- Other operating charges +€2,138
up €2,138 (+92.2%), from €2,318 to €4,456
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 | €1,876,132 | €1,286,509 | -€589,623 | -31.4% |
| Current assets | 29/58 | €1,876,132 | €1,286,509 | -€589,623 | -31.4% |
| Stocks and contracts in progress | 3 | €1,126,146 | €1,168,269 | +€42,123 | +3.7% |
| Stocks | 30/36 | €1,126,146 | €1,168,269 | +€42,123 | +3.7% |
| Amounts receivable within one year | 40/41 | €815 | €52,701 | +€51,886 | +6,366% |
| Trade receivables | 40 | €74 | €44,401 | +€44,327 | +60,064% |
| Other amounts receivable | 41 | €741 | €8,300 | +€7,558 | +1,020% |
| Cash at bank and in hand | 54/58 | €748,593 | €64,875 | -€683,718 | -91.3% |
| Deferred charges and accrued income | 490/1 | €579 | €664 | +€86 | +14.9% |
| Total equity and liabilities | 10/49 | €1,876,132 | €1,286,509 | -€589,623 | -31.4% |
| Equity | 10/15 | €192,422 | €208,747 | +€16,325 | +8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €187,422 | €203,747 | +€16,325 | +8.7% |
| Distributable reserves | 133 | €187,422 | €203,747 | +€16,325 | +8.7% |
| Amounts payable | 17/49 | €1,683,710 | €1,077,762 | -€605,948 | -36.0% |
| Amounts payable within one year | 42/48 | €1,584,200 | €1,056,401 | -€527,799 | -33.3% |
| Financial debts | 43 | €1,568,474 | €1,012,222 | -€556,252 | -35.5% |
| Credit institutions | 430/8 | €1,568,474 | €1,012,222 | -€556,252 | -35.5% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,250 | - | -€2,250 | |
| Taxes | 450/3 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €13,446 | €44,149 | +€30,703 | +228% |
| Accrued charges and deferred income | 492/3 | €99,510 | €21,360 | -€78,149 | -78.5% |
| Other operating charges | 640/8 | €2,318 | €4,456 | +€2,138 | +92.2% |
| Gross operating margin | 9900 | €133,822 | €26,329 | -€107,493 | -80.3% |
| Operating profit (loss) | 9901 | €131,504 | €21,873 | -€109,631 | -83.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €60 | €106 | +€46 | +77.3% |
| Recurring financial charges | 65 | €60 | €106 | +€46 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €131,444 | €21,766 | -€109,678 | -83.4% |
| Income taxes | 67/77 | €33,759 | €5,442 | -€28,317 | -83.9% |
| Profit (loss) for the period | 9904 | €97,685 | €16,325 | -€81,361 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,685 | €16,325 | -€81,361 | -83.3% |
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 22 October 2026 via checked.be.