DE REIGER: 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.
What changed
DE REIGER
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,573
2024 · -€23,990+€7,417
Equity
€925,152
2024 · €941,725-€16,573
Cash
€40,684
2024 · €45,356-€4,673
Balance sheet total
€2.2m
2024 · €2.2m-€10,239
Largest movements
Assets
- Tangible fixed assets -€66,191
down €66,191 (-3.3%), from €2.0m to €1.9m
of which Land and buildings: -€66,191
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€8,155
up €8,155 (+6.4%), from €127,530 to €135,685
- Financial charges +€1,977
up €1,977 (+3.1%), from €63,890 to €65,867
- Financial income +€1,736
up €1,736 (+490.5%), from €354 to €2,089
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.
Result 2024
-€23,990
Gross operating margin
+€8,155
Depreciation
-€361
Other operating charges
-€156
Financial income
+€1,736
Financial charges
-€1,977
Deferred taxes and other
+€20
Result 2025
-€16,573
Cash bridge derived
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.
From operations
+€59,006
Investment
-€64,996
Financing
+€1,317
Cash 2024
€45,356
From operations (derived)
+€59,006
Net result for the year
-€16,573
Depreciation
+€81,187
Receivables after one year
-€4,000
Receivables within one year
-€6,521
Smaller working-capital items
-€92
Provisions
-€1,961
Trade debts
+€6,605
Tax, wage and social debts
+€360
Investment (derived)
-€64,996
Investment in fixed assets (net)
-€14,996
Current investments
-€50,000
Financing
+€1,317
Debts after one year
+€1,317
Cash 2025
€40,684
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,164,102 | €2,153,863 | -€10,239 | -0.5% |
| Fixed assets | 21/28 | €2,014,885 | €1,948,694 | -€66,191 | -3.3% |
| Tangible fixed assets | 22/27 | €2,014,560 | €1,948,369 | -€66,191 | -3.3% |
| Land and buildings | 22 | €2,011,170 | €1,944,979 | -€66,191 | -3.3% |
| Other tangible fixed assets | 26 | €3,390 | €3,390 | = | 0.0% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €149,217 | €205,169 | +€55,952 | +37.5% |
| Amounts receivable after more than one year | 29 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 291 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €106 | €6,627 | +€6,521 | +6142.9% |
| Other amounts receivable | 41 | €106 | €6,627 | +€6,521 | +6142.9% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €45,356 | €40,684 | -€4,673 | -10.3% |
| Deferred charges and accrued income | 490/1 | €3,755 | €3,859 | +€104 | +2.8% |
| Total equity and liabilities | 10/49 | €2,164,102 | €2,153,863 | -€10,239 | -0.5% |
| Equity | 10/15 | €941,725 | €925,152 | -€16,573 | -1.8% |
| Contributions | 10/11 | €474,525 | €474,525 | = | 0.0% |
| Reserves | 13 | €467,200 | €450,627 | -€16,573 | -3.5% |
| Tax-exempt reserves | 132 | €80,017 | €74,195 | -€5,822 | -7.3% |
| Distributable reserves | 133 | €387,183 | €376,432 | -€10,751 | -2.8% |
| Provisions and deferred taxes | 16 | €20,422 | €18,462 | -€1,961 | -9.6% |
| Deferred taxes | 168 | €20,422 | €18,462 | -€1,961 | -9.6% |
| Amounts payable | 17/49 | €1,201,955 | €1,210,249 | +€8,294 | +0.7% |
| Amounts payable after more than one year | 17 | €1,169,939 | €1,171,256 | +€1,317 | +0.1% |
| Financial debts | 170/4 | €1,169,939 | €1,171,256 | +€1,317 | +0.1% |
| Amounts payable within one year | 42/48 | €31,910 | €38,875 | +€6,965 | +21.8% |
| Trade debts | 44 | €16,520 | €23,125 | +€6,605 | +40.0% |
| Suppliers | 440/4 | €16,520 | €23,125 | +€6,605 | +40.0% |
| Taxes, remuneration and social security | 45 | €15,390 | €15,750 | +€360 | +2.3% |
| Taxes | 450/3 | €15,390 | €15,750 | +€360 | +2.3% |
| Accrued charges and deferred income | 492/3 | €106 | €118 | +€12 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,826 | €81,187 | +€361 | +0.4% |
| Other operating charges | 640/8 | €9,098 | €9,254 | +€156 | +1.7% |
| Gross operating margin | 9900 | €127,530 | €135,685 | +€8,155 | +6.4% |
| Operating profit (loss) | 9901 | €37,606 | €45,244 | +€7,638 | +20.3% |
| Financial income | 75/76B | €354 | €2,089 | +€1,736 | +490.5% |
| Recurring financial income | 75 | €354 | €2,089 | +€1,736 | +490.5% |
| Financial charges | 65/66B | €63,890 | €65,867 | +€1,977 | +3.1% |
| Recurring financial charges | 65 | €63,890 | €65,867 | +€1,977 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,930 | -€18,533 | +€7,397 | +28.5% |
| Transfer from deferred taxes | 780 | €1,941 | €1,961 | +€20 | +1.0% |
| Profit (loss) for the period | 9904 | -€23,990 | -€16,573 | +€7,417 | +30.9% |
| Transfer from tax-exempt reserves | 789 | €5,822 | €5,822 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,168 | -€10,751 | +€7,417 | +40.8% |
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 12 October 2026 via checked.be.