HET RESERVOIR: 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.
HET RESERVOIR
Largest movements
- Tangible fixed assets -€20,267
down €20,267 (-7.8%), from €260,751 to €240,484
of which Land and buildings: -€11,627
- Receivables within one year -€10,402
down €10,402 (-23.1%), from €45,080 to €34,678
of which Other amounts receivable: -€9,605
- Cash +€9,445
up €9,445 (+20.8%), from €45,412 to €54,857
mainly Net result for the year (+€32,789) and Depreciation (+€26,721)
- Other debts -€31,957
down €31,957 (-77.0%), from €41,513 to €9,557
- Reserves +€26,000
up €26,000 (+28.9%), from €89,950 to €115,950
of which Distributable reserves: +€26,000
- Trade debts -€16,920
down €16,920 (-78.9%), from €21,443 to €4,523
- Tax, wage and social debts +€14,365
up €14,365 (+1,241%), from €1,157 to €15,522
- Debts after one year -€10,869
down €10,869 (-8.1%), from €134,953 to €124,084
- Gross operating margin +€42,558
up €42,558 (+110%), from €38,795 to €81,353
- Taxes +€9,875
up €9,875 (+183%), from €5,395 to €15,270
- Depreciation +€1,242
up €1,242 (+4.9%), from €25,479 to €26,721
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 | €352,223 | €332,926 | -€19,297 | -5.5% |
| Fixed assets | 21/28 | €260,751 | €240,484 | -€20,267 | -7.8% |
| Tangible fixed assets | 22/27 | €260,751 | €240,484 | -€20,267 | -7.8% |
| Land and buildings | 22 | €199,893 | €188,266 | -€11,627 | -5.8% |
| Plant, machinery and equipment | 23 | €43,826 | €43,459 | -€367 | -0.8% |
| Furniture and vehicles | 24 | €17,032 | €8,759 | -€8,273 | -48.6% |
| Current assets | 29/58 | €91,472 | €92,442 | +€970 | +1.1% |
| Amounts receivable within one year | 40/41 | €45,080 | €34,678 | -€10,402 | -23.1% |
| Trade receivables | 40 | €35,475 | €34,678 | -€798 | -2.2% |
| Other amounts receivable | 41 | €9,605 | - | -€9,605 | |
| Cash at bank and in hand | 54/58 | €45,412 | €54,857 | +€9,445 | +20.8% |
| Deferred charges and accrued income | 490/1 | €980 | €2,908 | +€1,927 | +197% |
| Total equity and liabilities | 10/49 | €352,223 | €332,926 | -€19,297 | -5.5% |
| Equity | 10/15 | €139,407 | €168,195 | +€28,789 | +20.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €89,950 | €115,950 | +€26,000 | +28.9% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €88,000 | €114,000 | +€26,000 | +29.5% |
| Profit (loss) carried forward | 14 | €42,957 | €45,745 | +€2,789 | +6.5% |
| Amounts payable | 17/49 | €212,816 | €164,731 | -€48,085 | -22.6% |
| Amounts payable after more than one year | 17 | €134,953 | €124,084 | -€10,869 | -8.1% |
| Financial debts | 170/4 | €134,953 | €124,084 | -€10,869 | -8.1% |
| Amounts payable within one year | 42/48 | €75,158 | €40,647 | -€34,512 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €11,045 | €11,045 | = | 0.0% |
| Trade debts | 44 | €21,443 | €4,523 | -€16,920 | -78.9% |
| Suppliers | 440/4 | €21,443 | €4,523 | -€16,920 | -78.9% |
| Taxes, remuneration and social security | 45 | €1,157 | €15,522 | +€14,365 | +1,241% |
| Taxes | 450/3 | €1,157 | €15,522 | +€14,365 | +1,241% |
| Other amounts payable | 47/48 | €41,513 | €9,557 | -€31,957 | -77.0% |
| Accrued charges and deferred income | 492/3 | €2,705 | - | -€2,705 | |
| Non-recurring operating income | 76A | - | €14,530 | +€14,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,479 | €26,721 | +€1,242 | +4.9% |
| Other operating charges | 640/8 | €1,147 | €986 | -€161 | -14.0% |
| Gross operating margin | 9900 | €38,795 | €81,353 | +€42,558 | +110% |
| Operating profit (loss) | 9901 | €12,168 | €53,646 | +€41,477 | +341% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,275% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,275% |
| Financial charges | 65/66B | €5,897 | €5,587 | -€309 | -5.2% |
| Recurring financial charges | 65 | €5,897 | €5,587 | -€309 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €6,271 | €48,059 | +€41,787 | +666% |
| Income taxes | 67/77 | €5,395 | €15,270 | +€9,875 | +183% |
| Profit (loss) for the period | 9904 | €876 | €32,789 | +€31,912 | +3,642% |
| Profit (loss) for the period to be appropriated | 9905 | €876 | €32,789 | +€31,912 | +3,642% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.