REACKTION: 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.
REACKTION
Largest movements
- Current investments -€48,363
down €48,363 (-45.1%), from €107,190 to €58,827
- Cash +€10,790
up €10,790 (+56.5%), from €19,099 to €29,889
mainly Current investments (+€48,363) and Tax, wage and social debts (+€5,132)
- Receivables within one year +€6,983
up €6,983 (+13.2%), from €52,999 to €59,982
of which Other amounts receivable: +€14,999
- Tangible fixed assets -€2,085
down €2,085 (-68.0%), from €3,065 to €980
- Reserves -€29,781
down €29,781 (-15.5%), from €191,665 to €161,884
of which Distributable reserves: -€29,781
- Profit (loss) carried forward -€9,926
down €9,926 (-34.4%), from -€28,836 to -€38,762
- Tax, wage and social debts +€5,132
up €5,132 (+46.8%), from €10,966 to €16,098
of which Taxes: +€2,732
- Financial charges +€39,197
up €39,197 (+20204.6%), from €194 to €39,391
of which Non-recurring financial charges: +€39,190
- Taxes +€6,441
up €6,441 (+124.6%), from €5,168 to €11,609
- Gross operating margin +€2,290
up €2,290 (+5.5%), from €41,942 to €44,232
- Depreciation -€667
down €667 (-24.2%), from €2,752 to €2,085
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 | €183,561 | €150,923 | -€32,638 | -17.8% |
| Fixed assets | 21/28 | €3,104 | €1,019 | -€2,085 | -67.2% |
| Tangible fixed assets | 22/27 | €3,065 | €980 | -€2,085 | -68.0% |
| Furniture and vehicles | 24 | €3,065 | €980 | -€2,085 | -68.0% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €180,457 | €149,904 | -€30,553 | -16.9% |
| Amounts receivable within one year | 40/41 | €52,999 | €59,982 | +€6,983 | +13.2% |
| Trade receivables | 40 | €52,998 | €44,982 | -€8,016 | -15.1% |
| Other amounts receivable | 41 | €1 | €15,000 | +€14,999 | +1499900.0% |
| Current investments | 50/53 | €107,190 | €58,827 | -€48,363 | -45.1% |
| Cash at bank and in hand | 54/58 | €19,099 | €29,889 | +€10,790 | +56.5% |
| Deferred charges and accrued income | 490/1 | €1,169 | €1,206 | +€37 | +3.2% |
| Total equity and liabilities | 10/49 | €183,561 | €150,923 | -€32,638 | -17.8% |
| Equity | 10/15 | €169,029 | €129,322 | -€39,707 | -23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,665 | €161,884 | -€29,781 | -15.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €189,805 | €160,024 | -€29,781 | -15.7% |
| Profit (loss) carried forward | 14 | -€28,836 | -€38,762 | -€9,926 | -34.4% |
| Amounts payable | 17/49 | €14,532 | €21,601 | +€7,069 | +48.6% |
| Amounts payable within one year | 42/48 | €14,532 | €21,601 | +€7,069 | +48.6% |
| Trade debts | 44 | €2,273 | €3,032 | +€759 | +33.4% |
| Suppliers | 440/4 | €2,273 | €3,032 | +€759 | +33.4% |
| Taxes, remuneration and social security | 45 | €10,966 | €16,098 | +€5,132 | +46.8% |
| Taxes | 450/3 | €10,166 | €12,898 | +€2,732 | +26.9% |
| Remuneration and social security | 454/9 | €800 | €3,200 | +€2,400 | +300.0% |
| Other amounts payable | 47/48 | €1,293 | €2,471 | +€1,178 | +91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,752 | €2,085 | -€667 | -24.2% |
| Other operating charges | 640/8 | €1,203 | €1,476 | +€273 | +22.7% |
| Gross operating margin | 9900 | €41,942 | €44,232 | +€2,290 | +5.5% |
| Operating profit (loss) | 9901 | €37,987 | €40,671 | +€2,684 | +7.1% |
| Financial income | 75/76B | €121 | €403 | +€282 | +233.1% |
| Recurring financial income | 75 | €121 | €403 | +€282 | +233.1% |
| Financial charges | 65/66B | €194 | €39,391 | +€39,197 | +20204.6% |
| Recurring financial charges | 65 | €194 | €201 | +€7 | +3.6% |
| Non-recurring financial charges | 66B | - | €39,190 | +€39,190 | |
| Profit (loss) for the period before taxes | 9903 | €37,914 | €1,683 | -€36,231 | -95.6% |
| Income taxes | 67/77 | €5,168 | €11,609 | +€6,441 | +124.6% |
| Profit (loss) for the period | 9904 | €32,746 | -€9,926 | -€42,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,746 | -€9,926 | -€42,672 |
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 10 October 2026 via checked.be.