REANEST: 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.
REANEST
Largest movements
- Tangible fixed assets +€90,103
up €90,103 (+12.0%), from €752,435 to €842,539
of which Land and buildings: +€54,571
- Receivables within one year -€37,029
down €37,029 (-33.7%), from €110,000 to €72,971
- Cash -€34,766
down €34,766 (-12.1%), from €287,396 to €252,630
mainly Investment in fixed assets (net) (-€153,089) and Debts after one year (-€35,044)
- Deferred charges and accrued income -€13,166
down €13,166 (-12.1%), from €108,796 to €95,630
- Reserves +€70,000
up €70,000 (+28.9%), from €242,395 to €312,395
of which Distributable reserves: +€70,000
- Debts after one year -€35,044
down €35,044 (-7.9%), from €442,080 to €407,036
- Trade debts -€24,593
no longer reported in 2025 (was €24,593)
- Depreciation -€44,231
down €44,231 (-41.3%), from €107,217 to €62,986
- Gross operating margin +€43,278
up €43,278 (+30.6%), from €141,658 to €184,936
- Taxes +€21,125
up €21,125 (+364.9%), from €5,790 to €26,915
- Financial charges +€3,678
up €3,678 (+23.7%), from €15,531 to €19,209
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 | €1,264,628 | €1,269,770 | +€5,142 | +0.4% |
| Fixed assets | 21/28 | €758,435 | €848,539 | +€90,103 | +11.9% |
| Intangible fixed assets | 21 | €3,000 | €3,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €752,435 | €842,539 | +€90,103 | +12.0% |
| Land and buildings | 22 | €711,237 | €765,808 | +€54,571 | +7.7% |
| Furniture and vehicles | 24 | €41,198 | €76,731 | +€35,533 | +86.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €506,192 | €421,231 | -€84,961 | -16.8% |
| Amounts receivable within one year | 40/41 | €110,000 | €72,971 | -€37,029 | -33.7% |
| Trade receivables | 40 | €110,000 | €72,971 | -€37,029 | -33.7% |
| Cash at bank and in hand | 54/58 | €287,396 | €252,630 | -€34,766 | -12.1% |
| Deferred charges and accrued income | 490/1 | €108,796 | €95,630 | -€13,166 | -12.1% |
| Total equity and liabilities | 10/49 | €1,264,628 | €1,269,770 | +€5,142 | +0.4% |
| Equity | 10/15 | €713,267 | €785,499 | +€72,232 | +10.1% |
| Contributions | 10/11 | €18,404 | €18,404 | = | 0.0% |
| Reserves | 13 | €242,395 | €312,395 | +€70,000 | +28.9% |
| 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 | €30,535 | €30,535 | = | 0.0% |
| Distributable reserves | 133 | €210,000 | €280,000 | +€70,000 | +33.3% |
| Profit (loss) carried forward | 14 | €452,468 | €454,700 | +€2,232 | +0.5% |
| Amounts payable | 17/49 | €551,360 | €484,271 | -€67,089 | -12.2% |
| Amounts payable after more than one year | 17 | €442,080 | €407,036 | -€35,044 | -7.9% |
| Financial debts | 170/4 | €442,080 | €407,036 | -€35,044 | -7.9% |
| Amounts payable within one year | 42/48 | €109,281 | €77,235 | -€32,045 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €33,640 | €35,044 | +€1,404 | +4.2% |
| Trade debts | 44 | €24,593 | - | -€24,593 | |
| Suppliers | 440/4 | €24,593 | - | -€24,593 | |
| Taxes, remuneration and social security | 45 | €32,640 | €27,000 | -€5,640 | -17.3% |
| Taxes | 450/3 | €32,640 | €27,000 | -€5,640 | -17.3% |
| Other amounts payable | 47/48 | €18,408 | €15,191 | -€3,217 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,217 | €62,986 | -€44,231 | -41.3% |
| Other operating charges | 640/8 | €2,451 | €4,247 | +€1,796 | +73.3% |
| Gross operating margin | 9900 | €141,658 | €184,936 | +€43,278 | +30.6% |
| Operating profit (loss) | 9901 | €31,989 | €117,703 | +€85,714 | +267.9% |
| Financial income | 75/76B | €759 | €652 | -€107 | -14.1% |
| Recurring financial income | 75 | €759 | €652 | -€107 | -14.1% |
| Financial charges | 65/66B | €15,531 | €19,209 | +€3,678 | +23.7% |
| Recurring financial charges | 65 | €15,531 | €19,209 | +€3,678 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €17,218 | €99,147 | +€81,929 | +475.8% |
| Income taxes | 67/77 | €5,790 | €26,915 | +€21,125 | +364.9% |
| Profit (loss) for the period | 9904 | €11,428 | €72,232 | +€60,803 | +532.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,428 | €72,232 | +€60,803 | +532.0% |
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.