BERT REYNVOET: 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.
BERT REYNVOET
Largest movements
- Cash -€12,533
down €12,533 (-42.1%), from €29,765 to €17,231
mainly Receivables after one year (-€10,000) and Tax, wage and social debts (-€6,877)
- Receivables after one year +€10,000
up €10,000 (+100%), from €10,000 to €20,000
of which Other amounts receivable: +€20,000
- Receivables within one year +€4,576
up €4,576 (+22.6%), from €20,207 to €24,783
- Deferred charges and accrued income +€2,409
up €2,409 (+186%), from €1,299 to €3,708
- Tangible fixed assets -€1,479
down €1,479 (-21.7%), from €6,818 to €5,340
of which Furniture and vehicles: -€1,146
- Reserves +€7,406
up €7,406 (+18.3%), from €40,540 to €47,946
- Tax, wage and social debts -€6,877
down €6,877 (-29.2%), from €23,513 to €16,637
of which Taxes: -€6,877
- Trade debts +€1,592
up €1,592 (+1,047%), from €152 to €1,744
- Gross operating margin -€38,496
down €38,496 (-70.0%), from €54,990 to €16,494
- Taxes -€6,488
down €6,488 (-59.7%), from €10,874 to €4,386
- Other operating charges +€1,067
up €1,067 (+205%), from €520 to €1,587
- Financial charges +€964
up €964 (+147%), from €654 to €1,618
- Financial income +€550
up €550 (+559%), from €98 to €649
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,756 | €71,062 | +€2,306 | +3.4% |
| Formation expenses | 20 | €667 | €0 | -€667 | -100% |
| Fixed assets | 21/28 | €6,818 | €5,340 | -€1,479 | -21.7% |
| Tangible fixed assets | 22/27 | €6,818 | €5,340 | -€1,479 | -21.7% |
| Plant, machinery and equipment | 23 | €1,496 | €1,163 | -€333 | -22.2% |
| Furniture and vehicles | 24 | €5,323 | €4,177 | -€1,146 | -21.5% |
| Current assets | 29/58 | €61,270 | €65,722 | +€4,452 | +7.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €20,000 | +€10,000 | +100% |
| Trade receivables | 290 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €20,207 | €24,783 | +€4,576 | +22.6% |
| Trade receivables | 40 | €20,207 | €24,783 | +€4,576 | +22.6% |
| Cash at bank and in hand | 54/58 | €29,765 | €17,231 | -€12,533 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,299 | €3,708 | +€2,409 | +186% |
| Total equity and liabilities | 10/49 | €68,756 | €71,062 | +€2,306 | +3.4% |
| Equity | 10/15 | €42,540 | €49,946 | +€7,406 | +17.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,540 | €47,946 | +€7,406 | +18.3% |
| Distributable reserves | 133 | €40,540 | €47,946 | +€7,406 | +18.3% |
| Amounts payable | 17/49 | €26,216 | €21,116 | -€5,100 | -19.5% |
| Amounts payable within one year | 42/48 | €25,893 | €20,629 | -€5,263 | -20.3% |
| Trade debts | 44 | €152 | €1,744 | +€1,592 | +1,047% |
| Suppliers | 440/4 | €152 | €1,744 | +€1,592 | +1,047% |
| Taxes, remuneration and social security | 45 | €23,513 | €16,637 | -€6,877 | -29.2% |
| Taxes | 450/3 | €20,263 | €13,387 | -€6,877 | -33.9% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €2,227 | €2,249 | +€22 | +1.0% |
| Accrued charges and deferred income | 492/3 | €323 | €487 | +€163 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,146 | -€354 | -14.2% |
| Other operating charges | 640/8 | €520 | €1,587 | +€1,067 | +205% |
| Gross operating margin | 9900 | €54,990 | €16,494 | -€38,496 | -70.0% |
| Operating profit (loss) | 9901 | €51,969 | €12,761 | -€39,208 | -75.4% |
| Financial income | 75/76B | €98 | €649 | +€550 | +559% |
| Recurring financial income | 75 | €98 | €649 | +€550 | +559% |
| Financial charges | 65/66B | €654 | €1,618 | +€964 | +147% |
| Recurring financial charges | 65 | €654 | €1,618 | +€964 | +147% |
| Profit (loss) for the period before taxes | 9903 | €51,414 | €11,792 | -€39,622 | -77.1% |
| Income taxes | 67/77 | €10,874 | €4,386 | -€6,488 | -59.7% |
| Profit (loss) for the period | 9904 | €40,540 | €7,406 | -€33,134 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,540 | €7,406 | -€33,134 | -81.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.