REACH: 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.
REACH
Largest movements
- Receivables within one year -€60,433
down €60,433 (-78.6%), from €76,926 to €16,493
of which Other amounts receivable: -€40,767
- Tangible fixed assets +€38,071
up €38,071 (+27.9%), from €136,360 to €174,430
of which Land and buildings: +€45,572
- Cash +€26,633
up €26,633 (+93.2%), from €28,569 to €55,202
mainly Other debts (+€92,896) and Receivables within one year (+€60,433)
- Receivables after one year -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Current investments +€7,501
new in 2025: €7,501
- Other debts +€92,896
new in 2025: €92,896
- Reserves -€58,552
down €58,552 (-29.2%), from €200,430 to €141,878
of which Distributable reserves: -€58,552
- Debts after one year -€21,358
down €21,358 (-51.7%), from €41,275 to €19,917
- Current portion of long-term debt -€7,523
down €7,523 (-26.0%), from €28,881 to €21,358
- Taxes -€7,200
down €7,200 (-34.9%), from €20,658 to €13,459
- Gross operating margin -€5,315
down €5,315 (-5.4%), from €97,763 to €92,449
- Other operating charges +€4,438
up €4,438 (+177.1%), from €2,506 to €6,944
- Depreciation +€3,259
up €3,259 (+15.0%), from €21,720 to €24,979
- Financial income -€1,191
down €1,191 (-51.8%), from €2,301 to €1,110
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 | €299,580 | €304,167 | +€4,587 | +1.5% |
| Fixed assets | 21/28 | €136,610 | €174,430 | +€37,821 | +27.7% |
| Tangible fixed assets | 22/27 | €136,360 | €174,430 | +€38,071 | +27.9% |
| Land and buildings | 22 | €82,939 | €128,510 | +€45,572 | +54.9% |
| Plant, machinery and equipment | 23 | €2,104 | €1,604 | -€499 | -23.7% |
| Furniture and vehicles | 24 | €51,317 | €32,523 | -€18,794 | -36.6% |
| Other tangible fixed assets | 26 | - | €11,792 | +€11,792 | |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €162,971 | €129,737 | -€33,234 | -20.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Other amounts receivable | 291 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Stocks and contracts in progress | 3 | €6,596 | €7,997 | +€1,401 | +21.2% |
| Stocks | 30/36 | €6,596 | €7,997 | +€1,401 | +21.2% |
| Amounts receivable within one year | 40/41 | €76,926 | €16,493 | -€60,433 | -78.6% |
| Trade receivables | 40 | €31,618 | €11,952 | -€19,666 | -62.2% |
| Other amounts receivable | 41 | €45,308 | €4,541 | -€40,767 | -90.0% |
| Current investments | 50/53 | - | €7,501 | +€7,501 | |
| Cash at bank and in hand | 54/58 | €28,569 | €55,202 | +€26,633 | +93.2% |
| Deferred charges and accrued income | 490/1 | €880 | €2,544 | +€1,664 | +189.2% |
| Total equity and liabilities | 10/49 | €299,580 | €304,167 | +€4,587 | +1.5% |
| Equity | 10/15 | €206,630 | €148,078 | -€58,552 | -28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200,430 | €141,878 | -€58,552 | -29.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €200,430 | €141,878 | -€58,552 | -29.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,950 | €156,089 | +€63,139 | +67.9% |
| Amounts payable after more than one year | 17 | €41,275 | €19,917 | -€21,358 | -51.7% |
| Financial debts | 170/4 | €41,275 | €19,917 | -€21,358 | -51.7% |
| Amounts payable within one year | 42/48 | €51,675 | €136,172 | +€84,497 | +163.5% |
| Current portion of amounts payable after more than one year | 42 | €28,881 | €21,358 | -€7,523 | -26.0% |
| Trade debts | 44 | €6,300 | €8,206 | +€1,906 | +30.3% |
| Suppliers | 440/4 | €6,300 | €8,206 | +€1,906 | +30.3% |
| Taxes, remuneration and social security | 45 | €16,494 | €13,711 | -€2,783 | -16.9% |
| Taxes | 450/3 | €16,494 | €13,711 | -€2,783 | -16.9% |
| Other amounts payable | 47/48 | - | €92,896 | +€92,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,720 | €24,979 | +€3,259 | +15.0% |
| Other operating charges | 640/8 | €2,506 | €6,944 | +€4,438 | +177.1% |
| Gross operating margin | 9900 | €97,763 | €92,449 | -€5,315 | -5.4% |
| Operating profit (loss) | 9901 | €73,538 | €60,526 | -€13,012 | -17.7% |
| Financial income | 75/76B | €2,301 | €1,110 | -€1,191 | -51.8% |
| Recurring financial income | 75 | €2,301 | €1,110 | -€1,191 | -51.8% |
| Financial charges | 65/66B | €4,463 | €3,290 | -€1,173 | -26.3% |
| Recurring financial charges | 65 | €4,463 | €3,290 | -€1,173 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €71,376 | €58,346 | -€13,030 | -18.3% |
| Income taxes | 67/77 | €20,658 | €13,459 | -€7,200 | -34.9% |
| Profit (loss) for the period | 9904 | €50,717 | €44,887 | -€5,830 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,717 | €44,887 | -€5,830 | -11.5% |
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 12 October 2026 via checked.be.