REACFIN: 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.
REACFIN
Largest movements
- Cash +€292,463
up €292,463 (+34.5%), from €847,449 to €1.1m
mainly Tax, wage and social debts (+€181,754) and Accrued charges and deferred income (+€127,829)
- Receivables within one year +€158,860
up €158,860 (+17.7%), from €896,734 to €1.1m
of which Trade receivables: +€135,280
- Deferred charges and accrued income -€40,831
down €40,831 (-70.3%), from €58,085 to €17,253
- Tax, wage and social debts +€181,754
up €181,754 (+52.9%), from €343,414 to €525,169
of which Remuneration and social security: +€145,206
- Accrued charges and deferred income +€127,829
up €127,829 (+45.5%), from €280,772 to €408,601
- Trade debts +€47,045
up €47,045 (+14.0%), from €335,500 to €382,544
- Profit (loss) carried forward +€36,500
up €36,500 (+6.4%), from €566,688 to €603,188
- Gross operating margin +€310,855
up €310,855 (+9.9%), from €3.1m to €3.5m
- Staff costs +€262,008
up €262,008 (+8.7%), from €3.0m to €3.3m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,914,459 | €2,305,977 | +€391,518 | +20.5% |
| Fixed assets | 21/28 | €66,805 | €47,832 | -€18,974 | -28.4% |
| Intangible fixed assets | 21 | €3,513 | €875 | -€2,637 | -75.1% |
| Tangible fixed assets | 22/27 | €62,293 | €45,586 | -€16,706 | -26.8% |
| Plant, machinery and equipment | 23 | €11,197 | €9,702 | -€1,495 | -13.3% |
| Furniture and vehicles | 24 | €26,804 | €21,531 | -€5,272 | -19.7% |
| Other tangible fixed assets | 26 | €24,293 | €14,353 | -€9,939 | -40.9% |
| Financial fixed assets | 28 | €1,000 | €1,370 | +€370 | +37.0% |
| Current assets | 29/58 | €1,847,654 | €2,258,146 | +€410,492 | +22.2% |
| Amounts receivable within one year | 40/41 | €896,734 | €1,055,593 | +€158,860 | +17.7% |
| Trade receivables | 40 | €892,956 | €1,028,236 | +€135,280 | +15.1% |
| Other amounts receivable | 41 | €3,778 | €27,357 | +€23,580 | +624% |
| Current investments | 50/53 | €45,387 | €45,387 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €847,449 | €1,139,912 | +€292,463 | +34.5% |
| Deferred charges and accrued income | 490/1 | €58,085 | €17,253 | -€40,831 | -70.3% |
| Total equity and liabilities | 10/49 | €1,914,459 | €2,305,977 | +€391,518 | +20.5% |
| Equity | 10/15 | €938,673 | €975,174 | +€36,500 | +3.9% |
| Contributions | 10/11 | €104,800 | €104,800 | = | 0.0% |
| Capital | 10 | €104,800 | €104,800 | = | 0.0% |
| Issued capital | 100 | €115,000 | €115,000 | = | 0.0% |
| Uncalled capital | 101 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €267,185 | €267,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,887 | €56,887 | = | 0.0% |
| Legal reserve | 130 | €11,500 | €11,500 | = | 0.0% |
| Own shares acquired | 1312 | €45,387 | €45,387 | = | 0.0% |
| Distributable reserves | 133 | €210,298 | €210,298 | = | 0.0% |
| Profit (loss) carried forward | 14 | €566,688 | €603,188 | +€36,500 | +6.4% |
| Amounts payable | 17/49 | €975,786 | €1,330,804 | +€355,018 | +36.4% |
| Amounts payable within one year | 42/48 | €695,014 | €922,203 | +€227,189 | +32.7% |
| Trade debts | 44 | €335,500 | €382,544 | +€47,045 | +14.0% |
| Suppliers | 440/4 | €335,500 | €382,544 | +€47,045 | +14.0% |
| Taxes, remuneration and social security | 45 | €343,414 | €525,169 | +€181,754 | +52.9% |
| Taxes | 450/3 | €57,966 | €94,513 | +€36,548 | +63.1% |
| Remuneration and social security | 454/9 | €285,449 | €430,655 | +€145,206 | +50.9% |
| Other amounts payable | 47/48 | €16,100 | €14,490 | -€1,610 | -10.0% |
| Accrued charges and deferred income | 492/3 | €280,772 | €408,601 | +€127,829 | +45.5% |
| Non-recurring operating income | 76A | €3,064 | €0 | -€3,064 | -100% |
| Remuneration, social security and pensions | 62 | €3,013,790 | €3,275,798 | +€262,008 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,629 | €31,187 | -€14,442 | -31.7% |
| Other operating charges | 640/8 | €2,398 | €1,138 | -€1,259 | -52.5% |
| Gross operating margin | 9900 | €3,147,578 | €3,458,433 | +€310,855 | +9.9% |
| Operating profit (loss) | 9901 | €85,762 | €150,310 | +€64,548 | +75.3% |
| Financial income | 75/76B | €7,809 | €5,041 | -€2,769 | -35.5% |
| Recurring financial income | 75 | €7,809 | €5,041 | -€2,769 | -35.5% |
| Financial charges | 65/66B | €18,110 | €25,793 | +€7,683 | +42.4% |
| Recurring financial charges | 65 | €18,110 | €25,793 | +€7,683 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €75,461 | €129,558 | +€54,096 | +71.7% |
| Income taxes | 67/77 | €61,368 | €78,567 | +€17,199 | +28.0% |
| Profit (loss) for the period | 9904 | €14,093 | €50,990 | +€36,897 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €14,093 | €50,990 | +€36,897 | +262% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.