READCO: 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.
What changed
READCO
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€44,084
2024 · €111,461-€155,545
Equity
€7.4m
2024 · €5.8m+€1.5m
Cash
€93,359
2024 · €146,746-€53,387
Balance sheet total
€13.2m
2024 · €11.5m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+13.0%), from €10.3m to €11.6m
of which Land and buildings: +€1.3m
- Receivables within one year +€389,970
up €389,970 (+35.1%), from €1.1m to €1.5m
of which Other amounts receivable: +€334,021
Equity and liabilities
- Revaluation surpluses +€1.6m
up €1.6m (+46.5%), from €3.4m to €5.0m
- Other debts +€403,392
up €403,392 (+42.9%), from €940,553 to €1.3m
- Debts after one year -€300,374
down €300,374 (-7.0%), from €4.3m to €4.0m
Income statement
- Gross operating margin -€254,293
down €254,293 (-43.3%), from €586,876 to €332,582
- Taxes -€65,777
down €65,777 (-98.0%), from €67,129 to €1,352
- Financial income +€59,599
up €59,599 (+757.6%), from €7,867 to €67,467
- Depreciation +€16,013
up €16,013 (+5.5%), from €292,661 to €308,674
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.
Result 2024
€111,461
Gross operating margin
-€254,293
Depreciation
-€16,013
Other operating charges
-€5,128
Financial income
+€59,599
Financial charges
-€5,486
Taxes
+€65,777
Result 2025
-€44,084
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.
From operations
+€297,231
Investment
-€1.6m
Financing
+€1.3m
Cash 2024
€146,746
From operations (derived)
+€297,231
Net result for the year
-€44,084
Depreciation
+€308,674
Receivables within one year
-€389,970
Deferred charges and accrued income
-€1,546
Provisions
-€8,011
Trade debts
-€6,620
Tax, wage and social debts
+€17,441
Other debts
+€403,392
Accrued charges and deferred income
+€17,954
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€1.3m
Debts after one year
-€300,374
Current portion of long-term debt
+€7,679
Contributions, distributions and other
+€1.6m
Cash 2025
€93,359
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,537,715 | €13,213,870 | +€1.7m | +14.5% |
| Fixed assets | 21/28 | €10,268,287 | €11,606,313 | +€1.3m | +13.0% |
| Tangible fixed assets | 22/27 | €10,268,287 | €11,606,313 | +€1.3m | +13.0% |
| Land and buildings | 22 | €10,267,178 | €11,604,669 | +€1.3m | +13.0% |
| Plant, machinery and equipment | 23 | €392 | €1,173 | +€782 | +199.7% |
| Furniture and vehicles | 24 | €717 | €471 | -€246 | -34.3% |
| Current assets | 29/58 | €1,269,429 | €1,607,557 | +€338,128 | +26.6% |
| Amounts receivable within one year | 40/41 | €1,109,454 | €1,499,423 | +€389,970 | +35.1% |
| Trade receivables | 40 | - | €55,948 | +€55,948 | |
| Other amounts receivable | 41 | €1,109,454 | €1,443,475 | +€334,021 | +30.1% |
| Cash at bank and in hand | 54/58 | €146,746 | €93,359 | -€53,387 | -36.4% |
| Deferred charges and accrued income | 490/1 | €13,229 | €14,775 | +€1,546 | +11.7% |
| Total equity and liabilities | 10/49 | €11,537,715 | €13,213,870 | +€1.7m | +14.5% |
| Equity | 10/15 | €5,810,269 | €7,354,963 | +€1.5m | +26.6% |
| Contributions | 10/11 | €235,357 | €235,357 | = | 0.0% |
| Revaluation surpluses | 12 | €3,416,079 | €5,004,857 | +€1.6m | +46.5% |
| Reserves | 13 | €2,140,308 | €2,117,865 | -€22,443 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €445,982 | €423,540 | -€22,443 | -5.0% |
| Distributable reserves | 133 | €1,692,466 | €1,692,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,525 | -€3,116 | -€21,641 | |
| Provisions and deferred taxes | 16 | €160,599 | €152,588 | -€8,011 | -5.0% |
| Deferred taxes | 168 | €160,599 | €152,588 | -€8,011 | -5.0% |
| Amounts payable | 17/49 | €5,566,847 | €5,706,319 | +€139,472 | +2.5% |
| Amounts payable after more than one year | 17 | €4,303,882 | €4,003,508 | -€300,374 | -7.0% |
| Financial debts | 170/4 | €4,303,882 | €4,003,508 | -€300,374 | -7.0% |
| Amounts payable within one year | 42/48 | €1,262,965 | €1,684,857 | +€421,892 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €293,349 | €301,028 | +€7,679 | +2.6% |
| Trade debts | 44 | €11,953 | €5,333 | -€6,620 | -55.4% |
| Suppliers | 440/4 | €11,953 | €5,333 | -€6,620 | -55.4% |
| Taxes, remuneration and social security | 45 | €17,109 | €34,551 | +€17,441 | +101.9% |
| Taxes | 450/3 | €17,109 | €30,451 | +€13,341 | +78.0% |
| Remuneration and social security | 454/9 | - | €4,100 | +€4,100 | |
| Other amounts payable | 47/48 | €940,553 | €1,343,945 | +€403,392 | +42.9% |
| Accrued charges and deferred income | 492/3 | - | €17,954 | +€17,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,661 | €308,674 | +€16,013 | +5.5% |
| Other operating charges | 640/8 | €38,492 | €43,621 | +€5,128 | +13.3% |
| Gross operating margin | 9900 | €586,876 | €332,582 | -€254,293 | -43.3% |
| Operating profit (loss) | 9901 | €255,722 | -€19,712 | -€275,435 | |
| Financial income | 75/76B | €7,867 | €67,467 | +€59,599 | +757.6% |
| Recurring financial income | 75 | €7,867 | €67,467 | +€59,599 | +757.6% |
| Financial charges | 65/66B | €93,011 | €98,497 | +€5,486 | +5.9% |
| Recurring financial charges | 65 | €93,011 | €98,497 | +€5,486 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €170,579 | -€50,743 | -€221,322 | |
| Transfer from deferred taxes | 780 | €8,011 | €8,011 | = | 0.0% |
| Income taxes | 67/77 | €67,129 | €1,352 | -€65,777 | -98.0% |
| Profit (loss) for the period | 9904 | €111,461 | -€44,084 | -€155,545 | |
| Transfer from tax-exempt reserves | 789 | €22,443 | €22,443 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,904 | -€21,641 | -€155,545 |
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.