DE REISPAS: 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.
DE REISPAS
Largest movements
- Cash +€22,909
up €22,909 (+9.5%), from €241,187 to €264,096
mainly Advances received (+€65,760) and Net result for the year (+€35,795)
- Deferred charges and accrued income -€16,714
down €16,714 (-25.8%), from €64,732 to €48,018
- Receivables within one year -€9,079
down €9,079 (-19.5%), from €46,537 to €37,458
of which Trade receivables: -€9,869
- Trade debts -€78,590
down €78,590 (-90.2%), from €87,159 to €8,569
- Advances received +€65,760
up €65,760 (+164%), from €40,060 to €105,820
- Other debts +€27,142
up €27,142 (+32.8%), from €82,669 to €109,811
- Reserves -€13,205
down €13,205 (-8.0%), from €164,368 to €151,162
- Gross operating margin +€14,617
up €14,617 (+36.0%), from €40,607 to €55,225
- Taxes +€1,803
up €1,803 (+23.8%), from €7,589 to €9,392
- Staff costs -€1,007
no longer reported in 2024 (was €1,007)
- Depreciation -€632
down €632 (-9.1%), from €6,927 to €6,295
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,255 | €565,372 | -€883 | -0.2% |
| Fixed assets | 21/28 | €15,582 | €17,583 | +€2,000 | +12.8% |
| Tangible fixed assets | 22/27 | €14,332 | €16,333 | +€2,000 | +14.0% |
| Plant, machinery and equipment | 23 | €10,140 | €10,719 | +€579 | +5.7% |
| Furniture and vehicles | 24 | €4,192 | €5,614 | +€1,421 | +33.9% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €550,673 | €547,789 | -€2,884 | -0.5% |
| Amounts receivable within one year | 40/41 | €46,537 | €37,458 | -€9,079 | -19.5% |
| Trade receivables | 40 | €42,555 | €32,686 | -€9,869 | -23.2% |
| Other amounts receivable | 41 | €3,981 | €4,772 | +€791 | +19.9% |
| Current investments | 50/53 | €198,217 | €198,217 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €241,187 | €264,096 | +€22,909 | +9.5% |
| Deferred charges and accrued income | 490/1 | €64,732 | €48,018 | -€16,714 | -25.8% |
| Total equity and liabilities | 10/49 | €566,255 | €565,372 | -€883 | -0.2% |
| Equity | 10/15 | €244,364 | €230,309 | -€14,055 | -5.8% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €164,368 | €151,162 | -€13,205 | -8.0% |
| Distributable reserves | 133 | €164,368 | €151,162 | -€13,205 | -8.0% |
| Profit (loss) carried forward | 14 | €24,996 | €24,146 | -€850 | -3.4% |
| Amounts payable | 17/49 | €321,891 | €335,063 | +€13,172 | +4.1% |
| Amounts payable within one year | 42/48 | €213,675 | €230,365 | +€16,690 | +7.8% |
| Trade debts | 44 | €87,159 | €8,569 | -€78,590 | -90.2% |
| Suppliers | 440/4 | €87,159 | €8,569 | -€78,590 | -90.2% |
| Advances received on contracts in progress | 46 | €40,060 | €105,820 | +€65,760 | +164% |
| Taxes, remuneration and social security | 45 | €3,787 | €6,165 | +€2,377 | +62.8% |
| Taxes | 450/3 | €3,413 | €5,403 | +€1,990 | +58.3% |
| Remuneration and social security | 454/9 | €375 | €762 | +€387 | +103% |
| Other amounts payable | 47/48 | €82,669 | €109,811 | +€27,142 | +32.8% |
| Accrued charges and deferred income | 492/3 | €108,216 | €104,698 | -€3,518 | -3.3% |
| Remuneration, social security and pensions | 62 | €1,007 | - | -€1,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,927 | €6,295 | -€632 | -9.1% |
| Other operating charges | 640/8 | €3,694 | €3,700 | +€6 | +0.2% |
| Gross operating margin | 9900 | €40,607 | €55,225 | +€14,617 | +36.0% |
| Operating profit (loss) | 9901 | €28,979 | €45,230 | +€16,250 | +56.1% |
| Financial income | 75/76B | €100 | €1 | -€99 | -99.3% |
| Recurring financial income | 75 | €100 | €1 | -€99 | -99.3% |
| Financial charges | 65/66B | €40 | €43 | +€3 | +8.2% |
| Recurring financial charges | 65 | €40 | €43 | +€3 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €29,040 | €45,187 | +€16,147 | +55.6% |
| Income taxes | 67/77 | €7,589 | €9,392 | +€1,803 | +23.8% |
| Profit (loss) for the period | 9904 | €21,450 | €35,795 | +€14,345 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,450 | €35,795 | +€14,345 | +66.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.