Christophe Reiter: what changed
What changed
Christophe Reiter
NACE 64.999, Other financial services
filed annual accounts (NBB)
Net result for the year
€66,998
2024 · €128,566-€61,568
Equity
€160,493
2024 · €113,495+€46,998
Cash
€202,370
2024 · €172,118+€30,252
Balance sheet total
€755,300
2024 · €802,367-€47,067
Largest movements
Assets
- Tangible fixed assets -€45,387
down €45,387 (-13.7%), from €332,002 to €286,615
of which Furniture and vehicles: -€37,205
- Intangible fixed assets -€35,917
down €35,917 (-14.9%), from €240,792 to €204,875
- Cash +€30,252
up €30,252 (+17.6%), from €172,118 to €202,370
mainly Depreciation (+€89,010) and Net result for the year (+€66,998)
Equity and liabilities
- Debts after one year -€66,185
down €66,185 (-12.4%), from €534,208 to €468,023
- Reserves +€46,998
up €46,998 (+43.8%), from €107,295 to €154,293
of which Distributable reserves: +€46,998
- Other debts -€40,000
down €40,000 (-66.7%), from €60,000 to €20,000
- Trade debts +€11,150
up €11,150 (+484%), from €2,302 to €13,453
Income statement
- Gross operating margin -€73,982
down €73,982 (-17.5%), from €422,947 to €348,965
- Taxes -€21,468
down €21,468 (-47.7%), from €44,985 to €23,517
- Depreciation +€5,311
up €5,311 (+6.3%), from €83,699 to €89,010
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.
Result 2024
€128,566
Gross operating margin
-€73,982
Staff costs
-€1,990
Depreciation
-€5,311
Other operating charges
-€2,219
Financial income
-€277
Financial charges
+€743
Taxes
+€21,468
Result 2025
€66,998
raises the resultlowers the result
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.
From operations
+€122,641
Investment
-€7,456
Financing
-€84,934
Cash 2024
€172,118
From operations (derived)
+€122,641
Net result for the year
+€66,998
Depreciation
+€89,010
Receivables within one year
-€7,400
Deferred charges and accrued income
+€3,165
Trade debts
+€11,150
Tax, wage and social debts
-€281
Other debts
-€40,000
Investment (derived)
-€7,456
Investment in fixed assets (net)
-€7,456
Financing
-€84,934
Debts after one year
-€66,185
Current portion of long-term debt
+€1,251
Contributions, distributions and other
-€20,000
Cash 2025
€202,370
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €802,367 | €755,300 | -€47,067 | -5.9% |
| Formation expenses | 20 | €363 | €113 | -€250 | -68.9% |
| Fixed assets | 21/28 | €572,794 | €491,490 | -€81,304 | -14.2% |
| Intangible fixed assets | 21 | €240,792 | €204,875 | -€35,917 | -14.9% |
| Tangible fixed assets | 22/27 | €332,002 | €286,615 | -€45,387 | -13.7% |
| Land and buildings | 22 | €219,673 | €206,283 | -€13,391 | -6.1% |
| Furniture and vehicles | 24 | €97,592 | €60,387 | -€37,205 | -38.1% |
| Other tangible fixed assets | 26 | €14,738 | €19,946 | +€5,208 | +35.3% |
| Current assets | 29/58 | €229,210 | €263,697 | +€34,487 | +15.0% |
| Amounts receivable within one year | 40/41 | €52,261 | €59,662 | +€7,400 | +14.2% |
| Trade receivables | 40 | €34,761 | €34,236 | -€525 | -1.5% |
| Other amounts receivable | 41 | €17,500 | €25,426 | +€7,926 | +45.3% |
| Cash at bank and in hand | 54/58 | €172,118 | €202,370 | +€30,252 | +17.6% |
| Deferred charges and accrued income | 490/1 | €4,830 | €1,666 | -€3,165 | -65.5% |
| Total equity and liabilities | 10/49 | €802,367 | €755,300 | -€47,067 | -5.9% |
| Equity | 10/15 | €113,495 | €160,493 | +€46,998 | +41.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,295 | €154,293 | +€46,998 | +43.8% |
| Non-distributable reserves | 130/1 | €329 | €329 | = | 0.0% |
| Reserves not available under the articles | 1311 | €329 | €329 | = | 0.0% |
| Distributable reserves | 133 | €106,966 | €153,964 | +€46,998 | +43.9% |
| Amounts payable | 17/49 | €688,871 | €594,807 | -€94,064 | -13.7% |
| Amounts payable after more than one year | 17 | €534,208 | €468,023 | -€66,185 | -12.4% |
| Financial debts | 170/4 | €534,208 | €468,023 | -€66,185 | -12.4% |
| Amounts payable within one year | 42/48 | €153,149 | €125,269 | -€27,879 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €64,934 | €66,185 | +€1,251 | +1.9% |
| Trade debts | 44 | €2,302 | €13,453 | +€11,150 | +484% |
| Suppliers | 440/4 | €2,302 | €13,453 | +€11,150 | +484% |
| Taxes, remuneration and social security | 45 | €25,912 | €25,631 | -€281 | -1.1% |
| Taxes | 450/3 | €6,857 | €4,700 | -€2,157 | -31.5% |
| Remuneration and social security | 454/9 | €19,056 | €20,932 | +€1,876 | +9.8% |
| Other amounts payable | 47/48 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Accrued charges and deferred income | 492/3 | €1,515 | €1,515 | = | 0.0% |
| Non-recurring operating income | 76A | €7,658 | - | -€7,658 | |
| Remuneration, social security and pensions | 62 | €150,429 | €152,419 | +€1,990 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,699 | €89,010 | +€5,311 | +6.3% |
| Other operating charges | 640/8 | €5,662 | €7,881 | +€2,219 | +39.2% |
| Gross operating margin | 9900 | €422,947 | €348,965 | -€73,982 | -17.5% |
| Operating profit (loss) | 9901 | €183,157 | €99,655 | -€83,502 | -45.6% |
| Financial income | 75/76B | €785 | €508 | -€277 | -35.3% |
| Recurring financial income | 75 | €785 | €508 | -€277 | -35.3% |
| Financial charges | 65/66B | €10,391 | €9,648 | -€743 | -7.1% |
| Recurring financial charges | 65 | €10,391 | €9,648 | -€743 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €173,551 | €90,514 | -€83,036 | -47.8% |
| Income taxes | 67/77 | €44,985 | €23,517 | -€21,468 | -47.7% |
| Profit (loss) for the period | 9904 | €128,566 | €66,998 | -€61,568 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €128,566 | €66,998 | -€61,568 | -47.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.