REACCT: 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.
REACCT
Largest movements
- Receivables within one year -€25,396
down €25,396 (-54.5%), from €46,591 to €21,195
of which Trade receivables: -€27,157
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€24,089
down €24,089 (-56.1%), from €42,951 to €18,862
mainly Contributions, distributions and other (-€95,778) and Current portion of long-term debt (-€48,995)
- Reserves -€71,161
no longer reported in 2025 (was €71,161)
- Other debts +€57,531
up €57,531 (+247%), from €23,253 to €80,784
- Current portion of long-term debt -€48,995
down €48,995 (-80.3%), from €61,042 to €12,047
- Debts after one year +€38,797
up €38,797 (+13.9%), from €278,292 to €317,089
- Gross operating margin -€21,813
down €21,813 (-30.4%), from €71,837 to €50,024
- Financial charges -€6,243
down €6,243 (-71.8%), from €8,694 to €2,451
- Depreciation +€3,646
up €3,646 (+19.4%), from €18,755 to €22,401
- Financial income +€3,266
up €3,266 (+52.0%), from €6,286 to €9,552
- Taxes -€2,244
down €2,244 (-22.7%), from €9,902 to €7,659
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 | €464,878 | €439,816 | -€25,062 | -5.4% |
| Fixed assets | 21/28 | €216,314 | €211,721 | -€4,593 | -2.1% |
| Tangible fixed assets | 22/27 | €215,966 | €211,373 | -€4,593 | -2.1% |
| Land and buildings | 22 | €200,276 | €190,291 | -€9,986 | -5.0% |
| Furniture and vehicles | 24 | €1,855 | €14,345 | +€12,490 | +673% |
| Other tangible fixed assets | 26 | €13,834 | €6,737 | -€7,097 | -51.3% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €248,564 | €228,095 | -€20,469 | -8.2% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €46,591 | €21,195 | -€25,396 | -54.5% |
| Trade receivables | 40 | €37,853 | €10,696 | -€27,157 | -71.7% |
| Other amounts receivable | 41 | €8,738 | €10,499 | +€1,761 | +20.2% |
| Current investments | 50/53 | €158,598 | €163,039 | +€4,441 | +2.8% |
| Cash at bank and in hand | 54/58 | €42,951 | €18,862 | -€24,089 | -56.1% |
| Deferred charges and accrued income | 490/1 | €425 | - | -€425 | |
| Total equity and liabilities | 10/49 | €464,878 | €439,816 | -€25,062 | -5.4% |
| Equity | 10/15 | €89,761 | €18,600 | -€71,161 | -79.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,161 | - | -€71,161 | |
| Distributable reserves | 133 | €71,161 | - | -€71,161 | |
| Amounts payable | 17/49 | €375,117 | €421,216 | +€46,100 | +12.3% |
| Amounts payable after more than one year | 17 | €278,292 | €317,089 | +€38,797 | +13.9% |
| Financial debts | 170/4 | €278,292 | €317,089 | +€38,797 | +13.9% |
| Amounts payable within one year | 42/48 | €96,824 | €104,127 | +€7,303 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €61,042 | €12,047 | -€48,995 | -80.3% |
| Trade debts | 44 | €2,358 | €4,849 | +€2,491 | +106% |
| Suppliers | 440/4 | €2,358 | €4,849 | +€2,491 | +106% |
| Taxes, remuneration and social security | 45 | €10,170 | €6,446 | -€3,724 | -36.6% |
| Taxes | 450/3 | €10,170 | €6,446 | -€3,724 | -36.6% |
| Other amounts payable | 47/48 | €23,253 | €80,784 | +€57,531 | +247% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,755 | €22,401 | +€3,646 | +19.4% |
| Other operating charges | 640/8 | €2,448 | €2,450 | +€2 | +0.1% |
| Gross operating margin | 9900 | €71,837 | €50,024 | -€21,813 | -30.4% |
| Operating profit (loss) | 9901 | €50,635 | €25,174 | -€25,462 | -50.3% |
| Financial income | 75/76B | €6,286 | €9,552 | +€3,266 | +52.0% |
| Recurring financial income | 75 | €6,286 | €9,552 | +€3,266 | +52.0% |
| Financial charges | 65/66B | €8,694 | €2,451 | -€6,243 | -71.8% |
| Recurring financial charges | 65 | €8,694 | €2,451 | -€6,243 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €48,227 | €32,275 | -€15,952 | -33.1% |
| Income taxes | 67/77 | €9,902 | €7,659 | -€2,244 | -22.7% |
| Profit (loss) for the period | 9904 | €38,325 | €24,616 | -€13,708 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,325 | €24,616 | -€13,708 | -35.8% |
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 13 October 2026 via checked.be.