JOHN REARDON: 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.
JOHN REARDON
Largest movements
- Receivables within one year +€12,398
up €12,398 (+427%), from €2,905 to €15,303
of which Trade receivables: +€8,321
- Deferred charges and accrued income +€5,749
up €5,749 (+1,697%), from €339 to €6,088
- Tangible fixed assets -€5,214
down €5,214 (-6.9%), from €75,110 to €69,897
of which Furniture and vehicles: -€2,752
- Cash -€4,415
down €4,415 (-15.1%), from €29,311 to €24,896
mainly Receivables within one year (-€12,398) and Other debts (-€7,943)
- Reserves +€12,000
up €12,000 (+6.3%), from €188,990 to €200,990
- Tax, wage and social debts +€8,333
up €8,333 (+1,172%), from €711 to €9,044
- Other debts -€7,943
down €7,943 (-81.4%), from €9,763 to €1,819
- Debts after one year -€5,810
down €5,810 (-25.2%), from €23,069 to €17,258
- Depreciation -€3,526
down €3,526 (-40.3%), from €8,740 to €5,214
- Gross operating margin -€2,778
down €2,778 (-8.3%), from €33,352 to €30,575
- Taxes +€803
up €803 (+10.0%), from €8,020 to €8,823
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 | €253,427 | €261,944 | +€8,518 | +3.4% |
| Fixed assets | 21/28 | €220,872 | €215,658 | -€5,214 | -2.4% |
| Tangible fixed assets | 22/27 | €75,110 | €69,897 | -€5,214 | -6.9% |
| Land and buildings | 22 | €44,621 | €44,621 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,737 | €25,276 | -€2,462 | -8.9% |
| Furniture and vehicles | 24 | €2,752 | - | -€2,752 | |
| Financial fixed assets | 28 | €145,761 | €145,761 | = | 0.0% |
| Current assets | 29/58 | €32,555 | €46,286 | +€13,732 | +42.2% |
| Amounts receivable within one year | 40/41 | €2,905 | €15,303 | +€12,398 | +427% |
| Trade receivables | 40 | - | €8,321 | +€8,321 | |
| Other amounts receivable | 41 | €2,905 | €6,982 | +€4,077 | +140% |
| Cash at bank and in hand | 54/58 | €29,311 | €24,896 | -€4,415 | -15.1% |
| Deferred charges and accrued income | 490/1 | €339 | €6,088 | +€5,749 | +1,697% |
| Total equity and liabilities | 10/49 | €253,427 | €261,944 | +€8,518 | +3.4% |
| Equity | 10/15 | €212,484 | €225,127 | +€12,643 | +6.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €188,990 | €200,990 | +€12,000 | +6.3% |
| Distributable reserves | 133 | €188,990 | €200,990 | +€12,000 | +6.3% |
| Profit (loss) carried forward | 14 | €3,042 | €3,685 | +€643 | +21.1% |
| Amounts payable | 17/49 | €40,943 | €36,818 | -€4,125 | -10.1% |
| Amounts payable after more than one year | 17 | €23,069 | €17,258 | -€5,810 | -25.2% |
| Financial debts | 170/4 | €23,069 | €17,258 | -€5,810 | -25.2% |
| Amounts payable within one year | 42/48 | €17,661 | €17,305 | -€356 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €6,159 | €5,810 | -€349 | -5.7% |
| Trade debts | 44 | €1,028 | €631 | -€396 | -38.6% |
| Suppliers | 440/4 | €1,028 | €631 | -€396 | -38.6% |
| Taxes, remuneration and social security | 45 | €711 | €9,044 | +€8,333 | +1,172% |
| Taxes | 450/3 | €711 | €9,044 | +€8,333 | +1,172% |
| Other amounts payable | 47/48 | €9,763 | €1,819 | -€7,943 | -81.4% |
| Accrued charges and deferred income | 492/3 | €214 | €2,254 | +€2,041 | +955% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,740 | €5,214 | -€3,526 | -40.3% |
| Other operating charges | 640/8 | €2,666 | €2,873 | +€207 | +7.8% |
| Gross operating margin | 9900 | €33,352 | €30,575 | -€2,778 | -8.3% |
| Operating profit (loss) | 9901 | €21,946 | €22,488 | +€542 | +2.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,074 | €1,022 | -€52 | -4.9% |
| Recurring financial charges | 65 | €1,074 | €1,022 | -€52 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €20,872 | €21,466 | +€594 | +2.8% |
| Income taxes | 67/77 | €8,020 | €8,823 | +€803 | +10.0% |
| Profit (loss) for the period | 9904 | €12,852 | €12,643 | -€209 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,852 | €12,643 | -€209 | -1.6% |
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 20 October 2026 via checked.be.