RELIA: what changed
RELIA
Largest movements
- Financial fixed assets +€120,000
up €120,000 (+703%), from €17,060 to €137,060
- Cash -€5,540
down €5,540 (-86.2%), from €6,425 to €885
mainly Investment in fixed assets (net) (-€120,000) and Tax, wage and social debts (-€8,045)
- Receivables within one year +€4,436
up €4,436 (+14.1%), from €31,527 to €35,963
of which Other amounts receivable: +€4,136
- Profit (loss) carried forward +€87,223
up €87,223, from -€7,021 to €80,202
- Other debts +€49,666
up €49,666 (+218%), from €22,826 to €72,492
- Tax, wage and social debts -€8,045
down €8,045 (-51.0%), from €15,773 to €7,728
- Trade debts -€5,957
down €5,957 (-76.2%), from €7,816 to €1,859
- Debts after one year -€4,349
down €4,349 (-59.2%), from €7,341 to €2,992
- Financial income +€81,945
up €81,945 (+4,999%), from €1,639 to €83,585
- Gross operating margin +€2,842
up €2,842 (+27.4%), from €10,390 to €13,233
- Other operating charges -€1,529
down €1,529 (-66.0%), from €2,317 to €788
- Taxes -€1,203
down €1,203 (-15.6%), from €7,697 to €6,494
- Financial charges +€725
up €725 (+105%), from €688 to €1,413
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,919 | €177,457 | +€118,538 | +201% |
| Fixed assets | 21/28 | €20,740 | €139,840 | +€119,101 | +574% |
| Tangible fixed assets | 22/27 | €3,680 | €2,780 | -€899 | -24.4% |
| Plant, machinery and equipment | 23 | €3,580 | €2,780 | -€800 | -22.3% |
| Furniture and vehicles | 24 | €99 | - | -€99 | |
| Financial fixed assets | 28 | €17,060 | €137,060 | +€120,000 | +703% |
| Current assets | 29/58 | €38,180 | €37,617 | -€563 | -1.5% |
| Amounts receivable within one year | 40/41 | €31,527 | €35,963 | +€4,436 | +14.1% |
| Trade receivables | 40 | €1,527 | €1,827 | +€300 | +19.7% |
| Other amounts receivable | 41 | €30,000 | €34,136 | +€4,136 | +13.8% |
| Cash at bank and in hand | 54/58 | €6,425 | €885 | -€5,540 | -86.2% |
| Deferred charges and accrued income | 490/1 | €228 | €768 | +€541 | +237% |
| Total equity and liabilities | 10/49 | €58,919 | €177,457 | +€118,538 | +201% |
| Equity | 10/15 | €1,039 | €88,262 | +€87,223 | +8,394% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,021 | €80,202 | +€87,223 | |
| Amounts payable | 17/49 | €57,880 | €89,195 | +€31,315 | +54.1% |
| Amounts payable after more than one year | 17 | €7,341 | €2,992 | -€4,349 | -59.2% |
| Financial debts | 170/4 | €7,341 | €2,992 | -€4,349 | -59.2% |
| Amounts payable within one year | 42/48 | €50,539 | €86,203 | +€35,664 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €4,124 | €4,124 | = | 0.0% |
| Trade debts | 44 | €7,816 | €1,859 | -€5,957 | -76.2% |
| Suppliers | 440/4 | €7,816 | €1,859 | -€5,957 | -76.2% |
| Taxes, remuneration and social security | 45 | €15,773 | €7,728 | -€8,045 | -51.0% |
| Taxes | 450/3 | €15,773 | €7,728 | -€8,045 | -51.0% |
| Other amounts payable | 47/48 | €22,826 | €72,492 | +€49,666 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €899 | +€354 | +64.9% |
| Other operating charges | 640/8 | €2,317 | €788 | -€1,529 | -66.0% |
| Gross operating margin | 9900 | €10,390 | €13,233 | +€2,842 | +27.4% |
| Operating profit (loss) | 9901 | €7,528 | €11,546 | +€4,018 | +53.4% |
| Financial income | 75/76B | €1,639 | €83,585 | +€81,945 | +4,999% |
| Recurring financial income | 75 | €1,639 | €83,585 | +€81,945 | +4,999% |
| Financial charges | 65/66B | €688 | €1,413 | +€725 | +105% |
| Recurring financial charges | 65 | €688 | €1,413 | +€725 | +105% |
| Profit (loss) for the period before taxes | 9903 | €8,479 | €93,717 | +€85,238 | +1,005% |
| Income taxes | 67/77 | €7,697 | €6,494 | -€1,203 | -15.6% |
| Profit (loss) for the period | 9904 | €782 | €87,223 | +€86,441 | +11,049% |
| Profit (loss) for the period to be appropriated | 9905 | €782 | €87,223 | +€86,441 | +11,049% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.