Lukas REINERS: what changed
Two fiscal 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.
Lukas REINERS
Largest movements
- Tangible fixed assets +€688,530
up €688,530 (+601.3%), from €114,500 to €803,031
of which Leasing and similar rights: +€697,587
- Receivables within one year -€24,899
down €24,899 (-33.0%), from €75,524 to €50,625
of which Other amounts receivable: -€12,856
- Cash +€14,267
up €14,267 (+56.7%), from €25,181 to €39,448
mainly Debts after one year (+€538,560) and Other debts (+€81,840)
- Debts after one year +€538,560
up €538,560 (+1143.0%), from €47,119 to €585,679
- Other debts +€81,840
new in 2025: €81,840
- Profit (loss) carried forward +€43,238
up €43,238 (+31.4%), from €137,791 to €181,029
- Current portion of long-term debt +€20,123
up €20,123 (+102.0%), from €19,736 to €39,859
- Gross operating margin +€10,881
up €10,881 (+12.9%), from €84,330 to €95,211
- Depreciation +€7,925
up €7,925 (+50.7%), from €15,626 to €23,551
- Financial charges +€1,930
up €1,930 (+72.6%), from €2,658 to €4,588
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.
Cash bridge derived
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 | €217,487 | €895,598 | +€678,110 | +311.8% |
| Fixed assets | 21/28 | €114,500 | €803,031 | +€688,530 | +601.3% |
| Tangible fixed assets | 22/27 | €114,500 | €803,031 | +€688,530 | +601.3% |
| Plant, machinery and equipment | 23 | €68,957 | €68,801 | -€156 | -0.2% |
| Furniture and vehicles | 24 | €45,543 | €36,642 | -€8,902 | -19.5% |
| Leasing and similar rights | 25 | - | €697,587 | +€697,587 | |
| Current assets | 29/58 | €102,987 | €92,567 | -€10,420 | -10.1% |
| Amounts receivable within one year | 40/41 | €75,524 | €50,625 | -€24,899 | -33.0% |
| Trade receivables | 40 | €60,373 | €48,329 | -€12,043 | -19.9% |
| Other amounts receivable | 41 | €15,151 | €2,295 | -€12,856 | -84.9% |
| Cash at bank and in hand | 54/58 | €25,181 | €39,448 | +€14,267 | +56.7% |
| Deferred charges and accrued income | 490/1 | €2,282 | €2,494 | +€212 | +9.3% |
| Total equity and liabilities | 10/49 | €217,487 | €895,598 | +€678,110 | +311.8% |
| Equity | 10/15 | €140,791 | €184,029 | +€43,238 | +30.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,791 | €181,029 | +€43,238 | +31.4% |
| Amounts payable | 17/49 | €76,697 | €711,569 | +€634,872 | +827.8% |
| Amounts payable after more than one year | 17 | €47,119 | €585,679 | +€538,560 | +1143.0% |
| Financial debts | 170/4 | €47,119 | €585,679 | +€538,560 | +1143.0% |
| Amounts payable within one year | 42/48 | €27,868 | €125,680 | +€97,812 | +351.0% |
| Current portion of amounts payable after more than one year | 42 | €19,736 | €39,859 | +€20,123 | +102.0% |
| Trade debts | 44 | €1,684 | €1,781 | +€98 | +5.8% |
| Suppliers | 440/4 | €1,684 | €1,781 | +€98 | +5.8% |
| Taxes, remuneration and social security | 45 | €6,448 | €2,200 | -€4,248 | -65.9% |
| Taxes | 450/3 | €4,448 | €2,200 | -€2,248 | -50.5% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | - | €81,840 | +€81,840 | |
| Accrued charges and deferred income | 492/3 | €1,710 | €210 | -€1,500 | -87.7% |
| Remuneration, social security and pensions | 62 | €6,689 | €6,403 | -€286 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,626 | €23,551 | +€7,925 | +50.7% |
| Other operating charges | 640/8 | €1,154 | €727 | -€427 | -37.0% |
| Gross operating margin | 9900 | €84,330 | €95,211 | +€10,881 | +12.9% |
| Operating profit (loss) | 9901 | €60,861 | €64,530 | +€3,668 | +6.0% |
| Financial income | 75/76B | €115 | €2 | -€114 | -98.6% |
| Recurring financial income | 75 | €115 | €2 | -€114 | -98.6% |
| Financial charges | 65/66B | €2,658 | €4,588 | +€1,930 | +72.6% |
| Recurring financial charges | 65 | €2,658 | €4,588 | +€1,930 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €58,318 | €59,943 | +€1,625 | +2.8% |
| Income taxes | 67/77 | €17,648 | €16,705 | -€944 | -5.3% |
| Profit (loss) for the period | 9904 | €40,670 | €43,238 | +€2,568 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,670 | €43,238 | +€2,568 | +6.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.