B.R. REIZEN: 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.
B.R. REIZEN
Largest movements
- Receivables within one year +€17,563
up €17,563 (+18.7%), from €94,102 to €111,665
of which Trade receivables: +€11,922
- Tangible fixed assets -€9,861
down €9,861 (-23.3%), from €42,350 to €32,489
of which Furniture and vehicles: -€8,975
- Current investments +€2,014
up €2,014 (+12.6%), from €16,014 to €18,028
- Trade debts +€19,054
up €19,054 (+399%), from €4,771 to €23,825
- Debts after one year -€4,687
down €4,687 (-26.5%), from €17,659 to €12,972
- Short-term financial debts -€3,901
down €3,901 (-100%), from €3,901 to €0
- Tax, wage and social debts -€3,611
down €3,611 (-83.8%), from €4,308 to €697
- Reserves +€2,762
up €2,762 (+2.8%), from €99,119 to €101,881
of which Distributable reserves: +€2,762
- Other operating charges -€33,039
down €33,039 (-93.4%), from €35,385 to €2,346
- Gross operating margin -€24,742
down €24,742 (-58.2%), from €42,503 to €17,761
- Depreciation +€3,547
up €3,547 (+56.2%), from €6,314 to €9,861
- Financial charges +€1,228
up €1,228 (+178%), from €692 to €1,920
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 | €152,882 | €162,662 | +€9,780 | +6.4% |
| Fixed assets | 21/28 | €42,350 | €32,489 | -€9,861 | -23.3% |
| Tangible fixed assets | 22/27 | €42,350 | €32,489 | -€9,861 | -23.3% |
| Plant, machinery and equipment | 23 | €2,314 | €1,816 | -€498 | -21.5% |
| Furniture and vehicles | 24 | €39,630 | €30,655 | -€8,975 | -22.6% |
| Other tangible fixed assets | 26 | €406 | €18 | -€388 | -95.6% |
| Current assets | 29/58 | €110,532 | €130,174 | +€19,642 | +17.8% |
| Amounts receivable within one year | 40/41 | €94,102 | €111,665 | +€17,563 | +18.7% |
| Trade receivables | 40 | €9,093 | €21,015 | +€11,922 | +131% |
| Other amounts receivable | 41 | €85,009 | €90,650 | +€5,641 | +6.6% |
| Current investments | 50/53 | €16,014 | €18,028 | +€2,014 | +12.6% |
| Cash at bank and in hand | 54/58 | €416 | €481 | +€65 | +15.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €152,882 | €162,662 | +€9,780 | +6.4% |
| Equity | 10/15 | €117,719 | €120,481 | +€2,762 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,119 | €101,881 | +€2,762 | +2.8% |
| Tax-exempt reserves | 132 | €25,286 | €25,286 | = | 0.0% |
| Distributable reserves | 133 | €73,833 | €76,595 | +€2,762 | +3.7% |
| Amounts payable | 17/49 | €35,163 | €42,181 | +€7,018 | +20.0% |
| Amounts payable after more than one year | 17 | €17,659 | €12,972 | -€4,687 | -26.5% |
| Financial debts | 170/4 | €17,659 | €12,972 | -€4,687 | -26.5% |
| Amounts payable within one year | 42/48 | €17,491 | €29,209 | +€11,718 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €4,511 | €4,687 | +€176 | +3.9% |
| Financial debts | 43 | €3,901 | €0 | -€3,901 | -100% |
| Credit institutions | 430/8 | €3,901 | €0 | -€3,901 | -100% |
| Trade debts | 44 | €4,771 | €23,825 | +€19,054 | +399% |
| Suppliers | 440/4 | €4,771 | €23,825 | +€19,054 | +399% |
| Taxes, remuneration and social security | 45 | €4,308 | €697 | -€3,611 | -83.8% |
| Taxes | 450/3 | €4,308 | €697 | -€3,611 | -83.8% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100% |
| Non-recurring operating income | 76A | €21,644 | €0 | -€21,644 | -100% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,314 | €9,861 | +€3,547 | +56.2% |
| Other operating charges | 640/8 | €35,385 | €2,346 | -€33,039 | -93.4% |
| Gross operating margin | 9900 | €42,503 | €17,761 | -€24,742 | -58.2% |
| Operating profit (loss) | 9901 | €804 | €5,304 | +€4,500 | +560% |
| Financial income | 75/76B | €14 | €20 | +€6 | +43.3% |
| Recurring financial income | 75 | €14 | €20 | +€6 | +43.3% |
| Financial charges | 65/66B | €692 | €1,920 | +€1,228 | +178% |
| Recurring financial charges | 65 | €692 | €1,920 | +€1,228 | +178% |
| Profit (loss) for the period before taxes | 9903 | €127 | €3,405 | +€3,278 | +2,587% |
| Income taxes | 67/77 | €286 | €643 | +€357 | +125% |
| Profit (loss) for the period | 9904 | -€159 | €2,762 | +€2,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€159 | €2,762 | +€2,921 |
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 24 October 2026 via checked.be.