REACHERS: 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.
REACHERS
Largest movements
- Tangible fixed assets +€52,843
up €52,843 (+2,697%), from €1,959 to €54,802
- Cash +€17,988
up €17,988 (+17.2%), from €104,737 to €122,725
mainly Debts after one year (+€38,068) and Net result for the year (+€29,593)
- Receivables within one year -€5,942
down €5,942 (-56.3%), from €10,553 to €4,610
of which Trade receivables: -€6,932
- Debts after one year +€38,068
up €38,068 (+2,115%), from €1,800 to €39,868
- Reserves +€27,927
up €27,927 (+38.8%), from €72,007 to €99,934
- Current portion of long-term debt +€9,397
new in 2025: €9,397
- Tax, wage and social debts -€6,466
down €6,466 (-36.2%), from €17,867 to €11,401
- Gross operating margin -€44,426
down €44,426 (-73.1%), from €60,807 to €16,382
- Financial income +€42,343
new in 2025: €42,343
of which Non-recurring financial income: +€42,263
- Other operating charges +€6,149
up €6,149 (+610%), from €1,008 to €7,157
- Taxes -€4,697
down €4,697 (-23.0%), from €20,433 to €15,736
- Depreciation +€3,401
up €3,401 (+437%), from €778 to €4,179
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 | €118,053 | €185,832 | +€67,779 | +57.4% |
| Fixed assets | 21/28 | €2,109 | €54,952 | +€52,843 | +2,505% |
| Tangible fixed assets | 22/27 | €1,959 | €54,802 | +€52,843 | +2,697% |
| Furniture and vehicles | 24 | €1,959 | €54,802 | +€52,843 | +2,697% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €115,943 | €130,880 | +€14,937 | +12.9% |
| Amounts receivable within one year | 40/41 | €10,553 | €4,610 | -€5,942 | -56.3% |
| Trade receivables | 40 | €10,278 | €3,346 | -€6,932 | -67.4% |
| Other amounts receivable | 41 | €275 | €1,264 | +€989 | +360% |
| Current investments | 50/53 | - | €1,258 | +€1,258 | |
| Cash at bank and in hand | 54/58 | €104,737 | €122,725 | +€17,988 | +17.2% |
| Deferred charges and accrued income | 490/1 | €654 | €2,287 | +€1,632 | +250% |
| Total equity and liabilities | 10/49 | €118,053 | €185,832 | +€67,779 | +57.4% |
| Equity | 10/15 | €90,993 | €118,920 | +€27,927 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,007 | €99,934 | +€27,927 | +38.8% |
| Distributable reserves | 133 | €72,007 | €99,934 | +€27,927 | +38.8% |
| Profit (loss) carried forward | 14 | €386 | €386 | = | 0.0% |
| Amounts payable | 17/49 | €27,060 | €66,912 | +€39,853 | +147% |
| Amounts payable after more than one year | 17 | €1,800 | €39,868 | +€38,068 | +2,115% |
| Financial debts | 170/4 | €1,800 | €39,868 | +€38,068 | +2,115% |
| Amounts payable within one year | 42/48 | €25,260 | €27,045 | +€1,785 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,397 | +€9,397 | |
| Trade debts | 44 | €1,556 | €776 | -€780 | -50.1% |
| Suppliers | 440/4 | €1,556 | €776 | -€780 | -50.1% |
| Taxes, remuneration and social security | 45 | €17,867 | €11,401 | -€6,466 | -36.2% |
| Taxes | 450/3 | €17,867 | €11,401 | -€6,466 | -36.2% |
| Other amounts payable | 47/48 | €5,838 | €5,472 | -€366 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €4,179 | +€3,401 | +437% |
| Other operating charges | 640/8 | €1,008 | €7,157 | +€6,149 | +610% |
| Gross operating margin | 9900 | €60,807 | €16,382 | -€44,426 | -73.1% |
| Operating profit (loss) | 9901 | €59,021 | €5,046 | -€53,976 | -91.5% |
| Financial income | 75/76B | - | €42,343 | +€42,343 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Non-recurring financial income | 76B | - | €42,263 | +€42,263 | |
| Financial charges | 65/66B | €1,568 | €2,059 | +€492 | +31.4% |
| Recurring financial charges | 65 | €1,568 | €1,528 | -€40 | -2.5% |
| Non-recurring financial charges | 66B | - | €531 | +€531 | |
| Profit (loss) for the period before taxes | 9903 | €57,454 | €45,329 | -€12,125 | -21.1% |
| Income taxes | 67/77 | €20,433 | €15,736 | -€4,697 | -23.0% |
| Profit (loss) for the period | 9904 | €37,021 | €29,593 | -€7,428 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,021 | €29,593 | -€7,428 | -20.1% |
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 14 October 2026 via checked.be.