REAC: 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.
REAC
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€56,800
down €56,800 (-99.6%), from €57,007 to €207
- Staff costs +€49,345
up €49,345 (+101.2%), from €48,747 to €98,092
- Gross operating margin +€35,553
up €35,553 (+46.0%), from €77,244 to €112,797
- Purchases and services +€7,282
new in 2025: €7,282
- Taxes -€6,835
no longer reported in 2025 (was €6,835)
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 | €9,043,502 | €9,037,841 | -€5,661 | -0.1% |
| Fixed assets | 21/28 | €7,804,702 | €7,804,702 | = | 0.0% |
| Financial fixed assets | 28 | €7,804,702 | €7,804,702 | = | 0.0% |
| Current assets | 29/58 | €1,238,800 | €1,233,139 | -€5,661 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,228,552 | €1,224,282 | -€4,270 | -0.3% |
| Trade receivables | 40 | €54,511 | €14,075 | -€40,436 | -74.2% |
| Other amounts receivable | 41 | €1,174,041 | €1,210,207 | +€36,166 | +3.1% |
| Cash at bank and in hand | 54/58 | €10,248 | €8,857 | -€1,391 | -13.6% |
| Total equity and liabilities | 10/49 | €9,043,502 | €9,037,841 | -€5,661 | -0.1% |
| Equity | 10/15 | €7,807,426 | €7,820,515 | +€13,089 | +0.2% |
| Contributions | 10/11 | €7,825,000 | €7,825,000 | = | 0.0% |
| Capital | 10 | €7,825,000 | €7,825,000 | = | 0.0% |
| Issued capital | 100 | €7,825,000 | €7,825,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,574 | -€4,485 | +€13,089 | +74.5% |
| Provisions and deferred taxes | 16 | €6,279 | €6,279 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,279 | €6,279 | = | 0.0% |
| Taxes | 161 | €6,279 | €6,279 | = | 0.0% |
| Amounts payable | 17/49 | €1,229,797 | €1,211,047 | -€18,750 | -1.5% |
| Amounts payable within one year | 42/48 | €1,229,797 | €1,211,047 | -€18,750 | -1.5% |
| Trade debts | 44 | €9,937 | €2,196 | -€7,741 | -77.9% |
| Suppliers | 440/4 | €9,937 | €2,196 | -€7,741 | -77.9% |
| Taxes, remuneration and social security | 45 | €19,860 | €9,851 | -€10,009 | -50.4% |
| Taxes | 450/3 | €10,143 | €5,733 | -€4,410 | -43.5% |
| Remuneration and social security | 454/9 | €9,717 | €4,118 | -€5,599 | -57.6% |
| Other amounts payable | 47/48 | €1,200,000 | €1,199,000 | -€1,000 | -0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,282 | +€7,282 | |
| Remuneration, social security and pensions | 62 | €48,747 | €98,092 | +€49,345 | +101.2% |
| Other operating charges | 640/8 | €1,108 | €1,409 | +€301 | +27.2% |
| Gross operating margin | 9900 | €77,244 | €112,797 | +€35,553 | +46.0% |
| Operating profit (loss) | 9901 | €27,389 | €13,296 | -€14,093 | -51.5% |
| Financial charges | 65/66B | €57,007 | €207 | -€56,800 | -99.6% |
| Recurring financial charges | 65 | €57,007 | €207 | -€56,800 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,618 | €13,089 | +€42,707 | |
| Income taxes | 67/77 | €6,835 | - | -€6,835 | |
| Profit (loss) for the period | 9904 | -€36,453 | €13,089 | +€49,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,453 | €13,089 | +€49,542 |
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 6 October 2026 via checked.be.