REACH IT: 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.
REACH IT
Largest movements
- Receivables within one year +€19,850
up €19,850 (+43.5%), from €45,627 to €65,476
of which Other amounts receivable: +€16,337
- Tangible fixed assets -€10,846
down €10,846 (-6.6%), from €165,216 to €154,370
of which Land and buildings: -€8,551
- Cash -€5,213
down €5,213 (-47.1%), from €11,072 to €5,859
mainly Debts after one year (-€26,703) and Receivables within one year (-€19,850)
- Reserves +€34,949
up €34,949 (+27.6%), from €126,566 to €161,515
of which Distributable reserves: +€37,228
- Debts after one year -€26,703
down €26,703 (-24.1%), from €110,680 to €83,977
- Current portion of long-term debt -€4,800
down €4,800 (-15.2%), from €31,503 to €26,703
- Other debts -€3,625
no longer reported in 2025 (was €3,625)
- Gross operating margin +€2,098
up €2,098 (+3.1%), from €68,153 to €70,251
- Depreciation +€2,048
up €2,048 (+17.1%), from €11,951 to €13,999
- Financial charges -€958
down €958 (-13.9%), from €6,871 to €5,913
- Financial income +€850
up €850 (+138.2%), from €615 to €1,464
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 | €319,434 | €322,137 | +€2,704 | +0.8% |
| Formation expenses | 20 | €9,999 | €9,046 | -€953 | -9.5% |
| Fixed assets | 21/28 | €165,216 | €154,370 | -€10,846 | -6.6% |
| Tangible fixed assets | 22/27 | €165,216 | €154,370 | -€10,846 | -6.6% |
| Land and buildings | 22 | €146,354 | €137,803 | -€8,551 | -5.8% |
| Furniture and vehicles | 24 | €18,862 | €16,567 | -€2,295 | -12.2% |
| Current assets | 29/58 | €144,219 | €158,722 | +€14,503 | +10.1% |
| Amounts receivable within one year | 40/41 | €45,627 | €65,476 | +€19,850 | +43.5% |
| Trade receivables | 40 | €26,444 | €29,957 | +€3,512 | +13.3% |
| Other amounts receivable | 41 | €19,182 | €35,520 | +€16,337 | +85.2% |
| Current investments | 50/53 | €85,613 | €85,613 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,072 | €5,859 | -€5,213 | -47.1% |
| Deferred charges and accrued income | 490/1 | €1,907 | €1,773 | -€134 | -7.0% |
| Total equity and liabilities | 10/49 | €319,434 | €322,137 | +€2,704 | +0.8% |
| Equity | 10/15 | €145,566 | €180,515 | +€34,949 | +24.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €126,566 | €161,515 | +€34,949 | +27.6% |
| Non-distributable reserves | 130/1 | €85,613 | €85,613 | = | 0.0% |
| Own shares acquired | 1312 | €85,613 | €85,613 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,090 | €1,812 | -€2,279 | -55.7% |
| Distributable reserves | 133 | €36,862 | €74,090 | +€37,228 | +101.0% |
| Provisions and deferred taxes | 16 | €2,106 | €933 | -€1,173 | -55.7% |
| Deferred taxes | 168 | €2,106 | €933 | -€1,173 | -55.7% |
| Amounts payable | 17/49 | €171,761 | €140,689 | -€31,072 | -18.1% |
| Amounts payable after more than one year | 17 | €110,680 | €83,977 | -€26,703 | -24.1% |
| Financial debts | 170/4 | €110,680 | €83,977 | -€26,703 | -24.1% |
| Amounts payable within one year | 42/48 | €61,081 | €56,713 | -€4,369 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €31,503 | €26,703 | -€4,800 | -15.2% |
| Trade debts | 44 | €502 | €1,852 | +€1,350 | +269.0% |
| Suppliers | 440/4 | €502 | €1,852 | +€1,350 | +269.0% |
| Taxes, remuneration and social security | 45 | €25,451 | €28,158 | +€2,707 | +10.6% |
| Taxes | 450/3 | €25,451 | €28,158 | +€2,707 | +10.6% |
| Other amounts payable | 47/48 | €3,625 | - | -€3,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,951 | €13,999 | +€2,048 | +17.1% |
| Other operating charges | 640/8 | €2,919 | €2,924 | +€6 | +0.2% |
| Gross operating margin | 9900 | €68,153 | €70,251 | +€2,098 | +3.1% |
| Operating profit (loss) | 9901 | €53,284 | €53,327 | +€44 | +0.1% |
| Financial income | 75/76B | €615 | €1,464 | +€850 | +138.2% |
| Recurring financial income | 75 | €615 | €1,464 | +€850 | +138.2% |
| Financial charges | 65/66B | €6,871 | €5,913 | -€958 | -13.9% |
| Recurring financial charges | 65 | €6,871 | €5,913 | -€958 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €47,028 | €48,879 | +€1,851 | +3.9% |
| Transfer from deferred taxes | 780 | €1,173 | €1,173 | = | 0.0% |
| Income taxes | 67/77 | €15,517 | €15,103 | -€414 | -2.7% |
| Profit (loss) for the period | 9904 | €32,684 | €34,949 | +€2,266 | +6.9% |
| Transfer from tax-exempt reserves | 789 | €2,279 | €2,279 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,962 | €37,228 | +€2,266 | +6.5% |
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 8 October 2026 via checked.be.