Dr. Reynaert MDL: 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.
Dr. Reynaert MDL
Largest movements
- Cash +€39,960
up €39,960 (+11.3%), from €352,606 to €392,566
mainly Net result for the year (+€228,023) and Other debts (+€66,584)
- Receivables within one year +€35,758
new in 2025: €35,758
- Other debts +€66,584
up €66,584 (+27.4%), from €243,152 to €309,736
- Reserves +€8,023
up €8,023 (+9.4%), from €85,119 to €93,142
- Tax, wage and social debts -€6,417
down €6,417 (-54.7%), from €11,741 to €5,324
- Trade debts +€5,706
new in 2025: €5,706
- Gross operating margin -€23,241
down €23,241 (-7.3%), from €316,877 to €293,636
- Taxes -€5,658
down €5,658 (-7.1%), from €79,241 to €73,583
- Financial income +€4,896
up €4,896 (+119%), from €4,107 to €9,003
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 | €358,612 | €432,508 | +€73,896 | +20.6% |
| Fixed assets | 21/28 | €1,635 | €697 | -€938 | -57.4% |
| Tangible fixed assets | 22/27 | €1,635 | €697 | -€938 | -57.4% |
| Furniture and vehicles | 24 | €1,635 | €697 | -€938 | -57.4% |
| Current assets | 29/58 | €356,977 | €431,811 | +€74,834 | +21.0% |
| Amounts receivable within one year | 40/41 | - | €35,758 | +€35,758 | |
| Trade receivables | 40 | - | €35,758 | +€35,758 | |
| Cash at bank and in hand | 54/58 | €352,606 | €392,566 | +€39,960 | +11.3% |
| Deferred charges and accrued income | 490/1 | €4,371 | €3,487 | -€884 | -20.2% |
| Total equity and liabilities | 10/49 | €358,612 | €432,508 | +€73,896 | +20.6% |
| Equity | 10/15 | €103,719 | €111,742 | +€8,023 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,119 | €93,142 | +€8,023 | +9.4% |
| Distributable reserves | 133 | €85,119 | €93,142 | +€8,023 | +9.4% |
| Amounts payable | 17/49 | €254,893 | €320,766 | +€65,873 | +25.8% |
| Amounts payable within one year | 42/48 | €254,893 | €320,766 | +€65,873 | +25.8% |
| Trade debts | 44 | - | €5,706 | +€5,706 | |
| Suppliers | 440/4 | - | €5,706 | +€5,706 | |
| Taxes, remuneration and social security | 45 | €11,741 | €5,324 | -€6,417 | -54.7% |
| Taxes | 450/3 | €11,741 | €5,324 | -€6,417 | -54.7% |
| Other amounts payable | 47/48 | €243,152 | €309,736 | +€66,584 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | €938 | +€1 | +0.1% |
| Gross operating margin | 9900 | €316,877 | €293,636 | -€23,241 | -7.3% |
| Operating profit (loss) | 9901 | €315,940 | €292,698 | -€23,242 | -7.4% |
| Financial income | 75/76B | €4,107 | €9,003 | +€4,896 | +119% |
| Recurring financial income | 75 | €4,107 | €9,003 | +€4,896 | +119% |
| Financial charges | 65/66B | €98 | €95 | -€3 | -3.1% |
| Recurring financial charges | 65 | €98 | €95 | -€3 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €319,949 | €301,606 | -€18,343 | -5.7% |
| Income taxes | 67/77 | €79,241 | €73,583 | -€5,658 | -7.1% |
| Profit (loss) for the period | 9904 | €240,708 | €228,023 | -€12,685 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €240,708 | €228,023 | -€12,685 | -5.3% |
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 25 October 2026 via checked.be.