DEN REYNAERT: 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.
DEN REYNAERT
Largest movements
- Tangible fixed assets -€17,782
down €17,782 (-10.9%), from €163,341 to €145,559
of which Furniture and vehicles: -€12,780
- Profit (loss) carried forward -€12,627
down €12,627 (-10.9%), from -€116,061 to -€128,687
- Other debts -€6,366
down €6,366 (-4.0%), from €158,664 to €152,299
- Gross operating margin -€86,406
down €86,406 (-93.6%), from €92,310 to €5,904
- Other operating charges -€3,186
down €3,186 (-95.8%), from €3,326 to €141
- Financial charges -€2,733
down €2,733 (-94.1%), from €2,905 to €172
- Depreciation +€1,996
up €1,996 (+12.6%), from €15,786 to €17,782
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 | €163,665 | €145,633 | -€18,032 | -11.0% |
| Fixed assets | 21/28 | €163,341 | €145,559 | -€17,782 | -10.9% |
| Tangible fixed assets | 22/27 | €163,341 | €145,559 | -€17,782 | -10.9% |
| Land and buildings | 22 | €110,225 | €105,224 | -€5,002 | -4.5% |
| Furniture and vehicles | 24 | €53,116 | €40,336 | -€12,780 | -24.1% |
| Current assets | 29/58 | €324 | €74 | -€250 | -77.2% |
| Cash at bank and in hand | 54/58 | €324 | €74 | -€250 | -77.2% |
| Total equity and liabilities | 10/49 | €163,665 | €145,633 | -€18,032 | -11.0% |
| Equity | 10/15 | -€44,642 | -€57,269 | -€12,627 | -28.3% |
| Contributions | 10/11 | €69,860 | €69,860 | = | 0.0% |
| Capital | 10 | €69,860 | - | -€69,860 | |
| Issued capital | 100 | €69,860 | - | -€69,860 | |
| Reserves | 13 | €1,559 | €1,559 | = | 0.0% |
| Distributable reserves | 133 | €1,559 | €1,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,061 | -€128,687 | -€12,627 | -10.9% |
| Amounts payable | 17/49 | €208,307 | €202,902 | -€5,405 | -2.6% |
| Amounts payable after more than one year | 17 | €46,186 | €46,186 | = | 0.0% |
| Financial debts | 170/4 | €46,186 | €46,186 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,121 | €156,716 | -€5,405 | -3.3% |
| Trade debts | 44 | €2,816 | €3,341 | +€525 | +18.6% |
| Suppliers | 440/4 | €2,816 | €3,341 | +€525 | +18.6% |
| Taxes, remuneration and social security | 45 | €641 | €1,077 | +€436 | +68.1% |
| Taxes | 450/3 | €641 | €1,077 | +€436 | +68.1% |
| Other amounts payable | 47/48 | €158,664 | €152,299 | -€6,366 | -4.0% |
| Non-recurring operating income | 76A | €99,361 | €0 | -€99,361 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,786 | €17,782 | +€1,996 | +12.6% |
| Other operating charges | 640/8 | €3,326 | €141 | -€3,186 | -95.8% |
| Gross operating margin | 9900 | €92,310 | €5,904 | -€86,406 | -93.6% |
| Operating profit (loss) | 9901 | €73,198 | -€12,018 | -€85,216 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,905 | €172 | -€2,733 | -94.1% |
| Recurring financial charges | 65 | €2,905 | €172 | -€2,733 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €70,293 | -€12,191 | -€82,483 | |
| Income taxes | 67/77 | €427 | €436 | +€9 | +2.1% |
| Profit (loss) for the period | 9904 | €69,866 | -€12,627 | -€82,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,866 | -€12,627 | -€82,492 |
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 20 October 2026 via checked.be.