Ivan Reyns: 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.
Ivan Reyns
Largest movements
- Receivables within one year +€158,653
up €158,653 (+600%), from €26,444 to €185,098
of which Trade receivables: +€158,605
- Cash -€134,134
down €134,134 (-76.6%), from €175,112 to €40,978
mainly Contributions, distributions and other (-€181,000) and Receivables within one year (-€158,653)
- Stocks and contracts +€3,095
new in 2025: €3,095
- Other debts -€30,991
down €30,991 (-21.7%), from €142,869 to €111,878
- Short-term financial debts +€24,970
up €24,970 (+246%), from €10,163 to €35,133
- Tax, wage and social debts +€21,684
up €21,684 (+71.8%), from €30,199 to €51,883
- Trade debts +€8,700
up €8,700 (+160%), from €5,432 to €14,131
- Gross operating margin +€108,257
up €108,257 (+80.8%), from €133,914 to €242,170
- Taxes +€26,893
up €26,893 (+90.0%), from €29,894 to €56,787
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 | €209,122 | €234,475 | +€25,352 | +12.1% |
| Fixed assets | 21/28 | €3,457 | €2,693 | -€765 | -22.1% |
| Tangible fixed assets | 22/27 | €3,457 | €2,693 | -€765 | -22.1% |
| Plant, machinery and equipment | 23 | €1,557 | €793 | -€765 | -49.1% |
| Furniture and vehicles | 24 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €205,665 | €231,782 | +€26,117 | +12.7% |
| Stocks and contracts in progress | 3 | - | €3,095 | +€3,095 | |
| Stocks | 30/36 | - | €3,095 | +€3,095 | |
| Amounts receivable within one year | 40/41 | €26,444 | €185,098 | +€158,653 | +600% |
| Trade receivables | 40 | €26,015 | €184,620 | +€158,605 | +610% |
| Other amounts receivable | 41 | €429 | €477 | +€48 | +11.3% |
| Cash at bank and in hand | 54/58 | €175,112 | €40,978 | -€134,134 | -76.6% |
| Deferred charges and accrued income | 490/1 | €4,109 | €2,611 | -€1,498 | -36.4% |
| Total equity and liabilities | 10/49 | €209,122 | €234,475 | +€25,352 | +12.1% |
| Equity | 10/15 | €20,460 | €21,450 | +€990 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €2,850 | +€990 | +53.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €0 | €2,850 | +€2,850 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €188,662 | €213,025 | +€24,363 | +12.9% |
| Amounts payable within one year | 42/48 | €188,662 | €213,025 | +€24,363 | +12.9% |
| Financial debts | 43 | €10,163 | €35,133 | +€24,970 | +246% |
| Credit institutions | 430/8 | €10,163 | €35,133 | +€24,970 | +246% |
| Trade debts | 44 | €5,432 | €14,131 | +€8,700 | +160% |
| Suppliers | 440/4 | €5,432 | €14,131 | +€8,700 | +160% |
| Taxes, remuneration and social security | 45 | €30,199 | €51,883 | +€21,684 | +71.8% |
| Taxes | 450/3 | €30,199 | €51,883 | +€21,684 | +71.8% |
| Other amounts payable | 47/48 | €142,869 | €111,878 | -€30,991 | -21.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €765 | -€335 | -30.4% |
| Other operating charges | 640/8 | €1,034 | €1,599 | +€565 | +54.6% |
| Gross operating margin | 9900 | €133,914 | €242,170 | +€108,257 | +80.8% |
| Operating profit (loss) | 9901 | €131,780 | €239,807 | +€108,027 | +82.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -82.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -82.5% |
| Financial charges | 65/66B | €1,121 | €1,030 | -€91 | -8.1% |
| Recurring financial charges | 65 | €1,121 | €1,030 | -€91 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €130,660 | €238,777 | +€108,117 | +82.7% |
| Income taxes | 67/77 | €29,894 | €56,787 | +€26,893 | +90.0% |
| Profit (loss) for the period | 9904 | €100,766 | €181,990 | +€81,224 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,766 | €181,990 | +€81,224 | +80.6% |
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 24 October 2026 via checked.be.