RE-INVENTIONS: 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.
RE-INVENTIONS
Largest movements
- Cash +€160,410
up €160,410 (+1,747%), from €9,184 to €169,594
mainly Net result for the year (+€85,516) and Current investments (+€62,961)
- Current investments -€62,961
down €62,961 (-35.9%), from €175,530 to €112,569
- Tangible fixed assets -€12,499
down €12,499 (-20.3%), from €61,445 to €48,946
of which Furniture and vehicles: -€12,450
- Receivables within one year -€10,990
down €10,990 (-27.9%), from €39,401 to €28,411
of which Trade receivables: -€13,720
- Reserves +€85,516
up €85,516 (+34.5%), from €247,722 to €333,238
of which Distributable reserves: +€85,516
- Tax, wage and social debts -€11,974
down €11,974 (-58.0%), from €20,646 to €8,672
- Financial income +€22,557
up €22,557 (+428%), from €5,265 to €27,822
- Depreciation +€6,603
up €6,603 (+74.5%), from €8,867 to €15,470
- Taxes -€4,671
down €4,671 (-13.8%), from €33,873 to €29,202
- Gross operating margin -€4,069
down €4,069 (-3.8%), from €107,609 to €103,540
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 | €289,427 | €361,288 | +€71,861 | +24.8% |
| Fixed assets | 21/28 | €61,445 | €48,946 | -€12,499 | -20.3% |
| Tangible fixed assets | 22/27 | €61,445 | €48,946 | -€12,499 | -20.3% |
| Plant, machinery and equipment | 23 | €2,390 | €2,742 | +€352 | +14.7% |
| Furniture and vehicles | 24 | €56,803 | €44,353 | -€12,450 | -21.9% |
| Other tangible fixed assets | 26 | €2,252 | €1,851 | -€401 | -17.8% |
| Current assets | 29/58 | €227,982 | €312,342 | +€84,360 | +37.0% |
| Amounts receivable within one year | 40/41 | €39,401 | €28,411 | -€10,990 | -27.9% |
| Trade receivables | 40 | €39,009 | €25,289 | -€13,720 | -35.2% |
| Other amounts receivable | 41 | €392 | €3,122 | +€2,730 | +696% |
| Current investments | 50/53 | €175,530 | €112,569 | -€62,961 | -35.9% |
| Cash at bank and in hand | 54/58 | €9,184 | €169,594 | +€160,410 | +1,747% |
| Deferred charges and accrued income | 490/1 | €3,867 | €1,768 | -€2,099 | -54.3% |
| Total equity and liabilities | 10/49 | €289,427 | €361,288 | +€71,861 | +24.8% |
| Equity | 10/15 | €266,322 | €351,838 | +€85,516 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,722 | €333,238 | +€85,516 | +34.5% |
| Tax-exempt reserves | 132 | €6,503 | €6,503 | = | 0.0% |
| Distributable reserves | 133 | €241,219 | €326,735 | +€85,516 | +35.5% |
| Amounts payable | 17/49 | €23,105 | €9,450 | -€13,655 | -59.1% |
| Amounts payable within one year | 42/48 | €23,105 | €9,450 | -€13,655 | -59.1% |
| Trade debts | 44 | €2,459 | €778 | -€1,681 | -68.4% |
| Suppliers | 440/4 | €2,459 | €778 | -€1,681 | -68.4% |
| Taxes, remuneration and social security | 45 | €20,646 | €8,672 | -€11,974 | -58.0% |
| Taxes | 450/3 | €20,646 | €8,672 | -€11,974 | -58.0% |
| Non-recurring operating income | 76A | €8,840 | - | -€8,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,867 | €15,470 | +€6,603 | +74.5% |
| Other operating charges | 640/8 | €872 | €1,120 | +€248 | +28.4% |
| Gross operating margin | 9900 | €107,609 | €103,540 | -€4,069 | -3.8% |
| Operating profit (loss) | 9901 | €97,870 | €86,950 | -€10,920 | -11.2% |
| Financial income | 75/76B | €5,265 | €27,822 | +€22,557 | +428% |
| Recurring financial income | 75 | €5,265 | €27,822 | +€22,557 | +428% |
| Financial charges | 65/66B | €649 | €54 | -€595 | -91.7% |
| Recurring financial charges | 65 | €649 | €54 | -€595 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €102,486 | €114,718 | +€12,232 | +11.9% |
| Income taxes | 67/77 | €33,873 | €29,202 | -€4,671 | -13.8% |
| Profit (loss) for the period | 9904 | €68,613 | €85,516 | +€16,903 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,613 | €85,516 | +€16,903 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.