Dominique REINBOLD: 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.
Dominique REINBOLD
Largest movements
- Cash +€31,689
up €31,689 (+498%), from €6,359 to €38,048
mainly Trade debts (+€24,752) and Net result for the year (+€16,623)
- Receivables within one year +€4,685
up €4,685 (+16.0%), from €29,250 to €33,935
of which Other amounts receivable: +€9,490
- Tangible fixed assets +€4,365
up €4,365 (+53.0%), from €8,235 to €12,600
of which Plant, machinery and equipment: +€3,661
- Trade debts +€24,752
up €24,752 (+500%), from €4,955 to €29,706
- Profit (loss) carried forward +€16,623
up €16,623 (+453%), from €3,667 to €20,290
- Other debts -€7,373
no longer reported in 2025 (was €7,373)
- Tax, wage and social debts +€6,491
up €6,491 (+103%), from €6,274 to €12,765
of which Remuneration and social security: +€6,472
- Gross operating margin +€44,081
up €44,081 (+433%), from €10,176 to €54,256
- Other operating charges +€29,383
up €29,383 (+5,101%), from €576 to €29,959
- Taxes +€3,759
up €3,759 (+196%), from €1,917 to €5,675
- Staff costs -€3,084
down €3,084, from €1,661 to -€1,423
- Depreciation +€1,131
up €1,131 (+48.6%), from €2,326 to €3,457
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.
Derived cash bridge
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 | €51,729 | €92,221 | +€40,492 | +78.3% |
| Fixed assets | 21/28 | €8,335 | €12,700 | +€4,365 | +52.4% |
| Tangible fixed assets | 22/27 | €8,235 | €12,600 | +€4,365 | +53.0% |
| Plant, machinery and equipment | 23 | €4,370 | €8,031 | +€3,661 | +83.8% |
| Furniture and vehicles | 24 | €614 | €1,997 | +€1,383 | +225% |
| Other tangible fixed assets | 26 | €3,251 | €2,572 | -€679 | -20.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €43,394 | €79,521 | +€36,127 | +83.3% |
| Stocks and contracts in progress | 3 | €6,644 | €6,895 | +€251 | +3.8% |
| Stocks | 30/36 | €6,644 | €6,895 | +€251 | +3.8% |
| Amounts receivable within one year | 40/41 | €29,250 | €33,935 | +€4,685 | +16.0% |
| Trade receivables | 40 | €22,825 | €18,020 | -€4,805 | -21.1% |
| Other amounts receivable | 41 | €6,425 | €15,915 | +€9,490 | +148% |
| Cash at bank and in hand | 54/58 | €6,359 | €38,048 | +€31,689 | +498% |
| Deferred charges and accrued income | 490/1 | €1,141 | €643 | -€498 | -43.6% |
| Total equity and liabilities | 10/49 | €51,729 | €92,221 | +€40,492 | +78.3% |
| Equity | 10/15 | €33,127 | €49,750 | +€16,623 | +50.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,667 | €20,290 | +€16,623 | +453% |
| Amounts payable | 17/49 | €18,601 | €42,471 | +€23,870 | +128% |
| Amounts payable within one year | 42/48 | €18,601 | €42,471 | +€23,870 | +128% |
| Trade debts | 44 | €4,955 | €29,706 | +€24,752 | +500% |
| Suppliers | 440/4 | €4,955 | €29,706 | +€24,752 | +500% |
| Taxes, remuneration and social security | 45 | €6,274 | €12,765 | +€6,491 | +103% |
| Taxes | 450/3 | - | €19 | +€19 | |
| Remuneration and social security | 454/9 | €6,274 | €12,746 | +€6,472 | +103% |
| Other amounts payable | 47/48 | €7,373 | - | -€7,373 | |
| Remuneration, social security and pensions | 62 | €1,661 | -€1,423 | -€3,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,326 | €3,457 | +€1,131 | +48.6% |
| Other operating charges | 640/8 | €576 | €29,959 | +€29,383 | +5,101% |
| Gross operating margin | 9900 | €10,176 | €54,256 | +€44,081 | +433% |
| Operating profit (loss) | 9901 | €5,612 | €22,263 | +€16,651 | +297% |
| Financial income | 75/76B | €159 | €125 | -€34 | -21.5% |
| Recurring financial income | 75 | €159 | €125 | -€34 | -21.5% |
| Financial charges | 65/66B | €80 | €90 | +€10 | +12.5% |
| Recurring financial charges | 65 | €80 | €90 | +€10 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €5,691 | €22,298 | +€16,607 | +292% |
| Income taxes | 67/77 | €1,917 | €5,675 | +€3,759 | +196% |
| Profit (loss) for the period | 9904 | €3,775 | €16,623 | +€12,848 | +340% |
| Profit (loss) for the period to be appropriated | 9905 | €3,775 | €16,623 | +€12,848 | +340% |
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 28 October 2026 via checked.be.