De Reuse: what changed
Two fiscal 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 Reuse
Largest movements
- Receivables within one year +€30,093
up €30,093 (+22.6%), from €133,123 to €163,216
of which Other amounts receivable: +€29,691
- Tangible fixed assets +€17,875
up €17,875 (+3.8%), from €464,502 to €482,377
of which Plant, machinery and equipment: +€50,682
- Stocks and contracts +€15,000
new in 2025: €15,000
- Reserves +€68,352
up €68,352 (+88.0%), from €77,686 to €146,038
of which Distributable reserves: +€68,697
- Other debts -€20,473
down €20,473 (-22.3%), from €91,620 to €71,147
- Tax, wage and social debts +€18,063
up €18,063 (+117.7%), from €15,349 to €33,412
of which Remuneration and social security: +€23,801
- Current portion of long-term debt +€13,347
up €13,347 (+27.9%), from €47,801 to €61,148
- Debts after one year -€9,585
down €9,585 (-2.4%), from €393,289 to €383,704
- Gross operating margin +€217,095
up €217,095 (+374.6%), from €57,954 to €275,049
- Staff costs +€103,388
new in 2025: €103,388
- Taxes +€24,283
up €24,283 (+49781.1%), from €49 to €24,332
- Depreciation +€12,565
up €12,565 (+30.9%), from €40,612 to €53,176
- Financial charges +€7,614
up €7,614 (+79.2%), from €9,617 to €17,230
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €702,330 | €779,030 | +€76,700 | +10.9% |
| Fixed assets | 21/28 | €464,502 | €489,877 | +€25,375 | +5.5% |
| Tangible fixed assets | 22/27 | €464,502 | €482,377 | +€17,875 | +3.8% |
| Land and buildings | 22 | €343,867 | €334,087 | -€9,779 | -2.8% |
| Plant, machinery and equipment | 23 | €1,851 | €52,533 | +€50,682 | +2738.1% |
| Furniture and vehicles | 24 | €60,459 | €66,441 | +€5,982 | +9.9% |
| Other tangible fixed assets | 26 | €58,325 | €29,316 | -€29,009 | -49.7% |
| Financial fixed assets | 28 | - | €7,500 | +€7,500 | |
| Current assets | 29/58 | €237,828 | €289,153 | +€51,325 | +21.6% |
| Amounts receivable after more than one year | 29 | €54,228 | €54,228 | = | 0.0% |
| Trade receivables | 290 | - | €54,228 | +€54,228 | |
| Other amounts receivable | 291 | €54,228 | - | -€54,228 | |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €133,123 | €163,216 | +€30,093 | +22.6% |
| Trade receivables | 40 | €14,843 | €15,245 | +€402 | +2.7% |
| Other amounts receivable | 41 | €118,280 | €147,971 | +€29,691 | +25.1% |
| Cash at bank and in hand | 54/58 | €48,493 | €55,041 | +€6,548 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,668 | -€317 | -16.0% |
| Total equity and liabilities | 10/49 | €702,330 | €779,030 | +€76,700 | +10.9% |
| Equity | 10/15 | €96,278 | €164,630 | +€68,352 | +71.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,686 | €146,038 | +€68,352 | +88.0% |
| Tax-exempt reserves | 132 | €10,826 | €10,481 | -€345 | -3.2% |
| Distributable reserves | 133 | €66,860 | €135,557 | +€68,697 | +102.7% |
| Provisions and deferred taxes | 16 | €268 | €123 | -€145 | -54.0% |
| Deferred taxes | 168 | €268 | €123 | -€145 | -54.0% |
| Amounts payable | 17/49 | €605,783 | €614,276 | +€8,493 | +1.4% |
| Amounts payable after more than one year | 17 | €393,289 | €383,704 | -€9,585 | -2.4% |
| Financial debts | 170/4 | €393,289 | €383,704 | -€9,585 | -2.4% |
| Amounts payable within one year | 42/48 | €212,306 | €230,523 | +€18,217 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €47,801 | €61,148 | +€13,347 | +27.9% |
| Trade debts | 44 | €57,535 | €64,815 | +€7,280 | +12.7% |
| Suppliers | 440/4 | €57,535 | €64,815 | +€7,280 | +12.7% |
| Taxes, remuneration and social security | 45 | €15,349 | €33,412 | +€18,063 | +117.7% |
| Taxes | 450/3 | €15,349 | €9,612 | -€5,738 | -37.4% |
| Remuneration and social security | 454/9 | - | €23,801 | +€23,801 | |
| Other amounts payable | 47/48 | €91,620 | €71,147 | -€20,473 | -22.3% |
| Accrued charges and deferred income | 492/3 | €188 | €49 | -€139 | -73.9% |
| Non-recurring operating income | 76A | €15,710 | €22,123 | +€6,414 | +40.8% |
| Remuneration, social security and pensions | 62 | - | €103,388 | +€103,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,612 | €53,176 | +€12,565 | +30.9% |
| Other operating charges | 640/8 | €7,693 | €6,746 | -€947 | -12.3% |
| Non-recurring operating charges | 66A | €2,858 | €2,185 | -€673 | -23.5% |
| Gross operating margin | 9900 | €57,954 | €275,049 | +€217,095 | +374.6% |
| Operating profit (loss) | 9901 | €6,791 | €109,553 | +€102,762 | +1513.2% |
| Financial income | 75/76B | €0 | €216 | +€216 | +2161600.0% |
| Recurring financial income | 75 | €0 | €216 | +€216 | +2161600.0% |
| Financial charges | 65/66B | €9,617 | €17,230 | +€7,614 | +79.2% |
| Recurring financial charges | 65 | €9,617 | €17,230 | +€7,614 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,825 | €92,539 | +€95,364 | |
| Transfer from deferred taxes | 780 | €145 | €145 | = | 0.0% |
| Income taxes | 67/77 | €49 | €24,332 | +€24,283 | +49781.1% |
| Profit (loss) for the period | 9904 | -€2,729 | €68,352 | +€71,081 | |
| Transfer from tax-exempt reserves | 789 | €345 | €345 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,384 | €68,697 | +€71,081 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.