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REACTR Fund: 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.

What changed

REACTR Fund

BE 0793.853.839
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€43,136
2024 · -€41,345-€1,792
Equity
€46.6m
2024 · €46.7m-€43,136
Cash
€2,704
2024 · €3,561-€857
Balance sheet total
€60.1m
2024 · €46.8m+€13.4m

Largest movements

2024 to 2025
Assets
  • Financial fixed assets +€13.9m

    up €13.9m (+30.0%), from €46.3m to €60.1m

Equity and liabilities
  • Debts after one year +€13.5m

    new in 2025: €13.5m

Income statement
  • Financial income +€210,096

    up €210,096 (+283.6%), from €74,071 to €284,167

  • Financial charges +€199,794

    up €199,794 (+13884.0%), from €1,439 to €201,233

  • Gross operating margin -€11,095

    down €11,095 (-9.7%), from -€113,915 to -€125,010

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€41,345
Gross operating margin -€11,095
Other operating charges -€998
Financial income +€210,096
Financial charges -€199,794
Result 2025 -€43,136

Cash bridge derived

cash 2024 to 2025

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.

From operations +€329,380
Investment -€13.9m
Financing +€13.5m
Cash 2024 €3,561
Net result for the year -€43,136
Receivables within one year +€496,332
Smaller working-capital items -€25,134
Trade debts -€98,682
Investment in fixed assets (net) -€13.9m
Debts after one year +€13.5m
Cash 2025 €2,704
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €46,782,870 €60,145,704 +€13.4m +28.6%
Fixed assets 21/28 €46,256,529 €60,116,824 +€13.9m +30.0%
Financial fixed assets 28 €46,256,529 €60,116,824 +€13.9m +30.0%
Current assets 29/58 €526,341 €28,881 -€497,460 -94.5%
Amounts receivable within one year 40/41 €522,473 €26,141 -€496,332 -95.0%
Trade receivables 40 €522,473 €22,781 -€499,692 -95.6%
Other amounts receivable 41 - €3,360 +€3,360
Cash at bank and in hand 54/58 €3,561 €2,704 -€857 -24.1%
Deferred charges and accrued income 490/1 €307 €36 -€271 -88.1%
Total equity and liabilities 10/49 €46,782,870 €60,145,704 +€13.4m +28.6%
Equity 10/15 €46,652,003 €46,608,867 -€43,136 -0.1%
Contributions 10/11 €47,299,503 €47,299,503 = 0.0%
Profit (loss) carried forward 14 -€647,500 -€690,637 -€43,136 -6.7%
Amounts payable 17/49 €130,867 €13,536,838 +€13.4m +10244.0%
Amounts payable after more than one year 17 - €13,530,057 +€13.5m
Other amounts payable 178/9 - €13,530,057 +€13.5m
Amounts payable within one year 42/48 €130,867 €6,781 -€124,086 -94.8%
Financial debts 43 €0 - =
Credit institutions 430/8 €0 - =
Trade debts 44 €105,462 €6,781 -€98,682 -93.6%
Suppliers 440/4 €105,462 €6,781 -€98,682 -93.6%
Taxes, remuneration and social security 45 €0 - =
Taxes 450/3 €0 - =
Other amounts payable 47/48 €25,405 €0 -€25,405 -100.0%
Other operating charges 640/8 €62 €1,060 +€998 +1610.4%
Gross operating margin 9900 -€113,915 -€125,010 -€11,095 -9.7%
Operating profit (loss) 9901 -€113,977 -€126,070 -€12,094 -10.6%
Financial income 75/76B €74,071 €284,167 +€210,096 +283.6%
Recurring financial income 75 €74,071 €284,167 +€210,096 +283.6%
Financial charges 65/66B €1,439 €201,233 +€199,794 +13884.0%
Recurring financial charges 65 €1,439 €201,233 +€199,794 +13884.0%
Profit (loss) for the period before taxes 9903 -€41,345 -€43,136 -€1,792 -4.3%
Profit (loss) for the period 9904 -€41,345 -€43,136 -€1,792 -4.3%
Profit (loss) for the period to be appropriated 9905 -€41,345 -€43,136 -€1,792 -4.3%

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 29 September 2026 via checked.be.