READING HOLDINGS: 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.
READING HOLDINGS
Largest movements
- Current investments +€165,532
up €165,532 (+5.7%), from €2.9m to €3.1m
- Receivables within one year +€123,944
up €123,944 (+495%), from €25,057 to €149,001
of which Other amounts receivable: +€116,876
- Cash -€77,793
down €77,793 (-35.8%), from €217,298 to €139,505
mainly Contributions, distributions and other (-€580,742) and Current investments (-€165,532)
- Contributions -€535,000
down €535,000 (-41.6%), from €1.3m to €750,000
- Other debts +€487,999
new in 2025: €487,999
- Reserves +€200,000
up €200,000 (+9.9%), from €2.0m to €2.2m
of which Distributable reserves: +€345,700
- Accrued charges and deferred income +€70,638
up €70,638 (+19.7%), from €358,264 to €428,902
- Financial income -€118,545
down €118,545 (-25.2%), from €471,173 to €352,628
- Depreciation -€46,615
down €46,615 (-98.7%), from €47,239 to €624
- Taxes -€5,531
down €5,531 (-11.6%), from €47,528 to €41,998
- Gross operating margin -€2,826
down €2,826 (-7.5%), from -€37,738 to -€40,564
- Financial charges -€1,081
down €1,081 (-5.2%), from €20,660 to €19,579
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 | €3,728,424 | €3,939,483 | +€211,059 | +5.7% |
| Fixed assets | 21/28 | €576,624 | €576,000 | -€624 | -0.1% |
| Tangible fixed assets | 22/27 | €624 | - | -€624 | |
| Furniture and vehicles | 24 | €624 | - | -€624 | |
| Financial fixed assets | 28 | €576,000 | €576,000 | = | 0.0% |
| Current assets | 29/58 | €3,151,800 | €3,363,483 | +€211,683 | +6.7% |
| Amounts receivable within one year | 40/41 | €25,057 | €149,001 | +€123,944 | +495% |
| Trade receivables | 40 | €10,955 | €18,023 | +€7,067 | +64.5% |
| Other amounts receivable | 41 | €14,102 | €130,978 | +€116,876 | +829% |
| Current investments | 50/53 | €2,909,445 | €3,074,977 | +€165,532 | +5.7% |
| Cash at bank and in hand | 54/58 | €217,298 | €139,505 | -€77,793 | -35.8% |
| Total equity and liabilities | 10/49 | €3,728,424 | €3,939,483 | +€211,059 | +5.7% |
| Equity | 10/15 | €3,296,714 | €2,961,850 | -€334,864 | -10.2% |
| Contributions | 10/11 | €1,285,000 | €750,000 | -€535,000 | -41.6% |
| Capital | 10 | €1,285,000 | - | -€1.3m | |
| Issued capital | 100 | €1,285,000 | - | -€1.3m | |
| Reserves | 13 | €2,011,700 | €2,211,700 | +€200,000 | +9.9% |
| Non-distributable reserves | 130/1 | €145,700 | - | -€145,700 | |
| Legal reserve | 130 | €145,700 | - | -€145,700 | |
| Distributable reserves | 133 | €1,866,000 | €2,211,700 | +€345,700 | +18.5% |
| Profit (loss) carried forward | 14 | €14 | €150 | +€136 | +953% |
| Amounts payable | 17/49 | €431,709 | €977,633 | +€545,923 | +126% |
| Amounts payable within one year | 42/48 | €73,445 | €548,730 | +€475,285 | +647% |
| Trade debts | 44 | €3,150 | €1,936 | -€1,214 | -38.5% |
| Suppliers | 440/4 | €3,150 | €1,936 | -€1,214 | -38.5% |
| Taxes, remuneration and social security | 45 | €70,296 | €58,796 | -€11,500 | -16.4% |
| Taxes | 450/3 | €70,296 | €58,796 | -€11,500 | -16.4% |
| Other amounts payable | 47/48 | - | €487,999 | +€487,999 | |
| Accrued charges and deferred income | 492/3 | €358,264 | €428,902 | +€70,638 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,239 | €624 | -€46,615 | -98.7% |
| Other operating charges | 640/8 | €3,309 | €3,986 | +€676 | +20.4% |
| Gross operating margin | 9900 | -€37,738 | -€40,564 | -€2,826 | -7.5% |
| Operating profit (loss) | 9901 | -€88,286 | -€45,174 | +€43,113 | +48.8% |
| Financial income | 75/76B | €471,173 | €352,628 | -€118,545 | -25.2% |
| Recurring financial income | 75 | €471,173 | €352,628 | -€118,545 | -25.2% |
| Financial charges | 65/66B | €20,660 | €19,579 | -€1,081 | -5.2% |
| Recurring financial charges | 65 | €20,660 | €19,579 | -€1,081 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €362,227 | €287,876 | -€74,352 | -20.5% |
| Income taxes | 67/77 | €47,528 | €41,998 | -€5,531 | -11.6% |
| Profit (loss) for the period | 9904 | €314,699 | €245,878 | -€68,821 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €314,699 | €245,878 | -€68,821 | -21.9% |
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 26 October 2026 via checked.be.