REASE EXPERTISE: 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.
REASE EXPERTISE
Largest movements
- Intangible fixed assets -€26,329
down €26,329 (-15.1%), from €173,830 to €147,501
- Cash -€12,896
down €12,896 (-60.4%), from €21,342 to €8,446
mainly Debts after one year (-€20,158) and Trade debts (-€12,500)
- Receivables within one year +€7,335
up €7,335 (+43.5%), from €16,876 to €24,211
of which Trade receivables: +€9,914
- Debts after one year -€20,158
down €20,158 (-18.2%), from €110,544 to €90,386
- Trade debts -€12,500
down €12,500 (-37.1%), from €33,676 to €21,176
- Tax, wage and social debts +€2,143
new in 2024: €2,143
- Gross operating margin +€23,331
up €23,331 (+207.4%), from €11,248 to €34,578
- Depreciation +€17,773
up €17,773 (+141.6%), from €12,548 to €30,320
- Financial charges +€3,516
up €3,516 (+149.5%), from €2,352 to €5,868
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,156 | €181,602 | -€31,554 | -14.8% |
| Fixed assets | 21/28 | €174,938 | €148,867 | -€26,071 | -14.9% |
| Intangible fixed assets | 21 | €173,830 | €147,501 | -€26,329 | -15.1% |
| Tangible fixed assets | 22/27 | €1,108 | €1,366 | +€258 | +23.3% |
| Furniture and vehicles | 24 | €1,108 | €1,366 | +€258 | +23.3% |
| Current assets | 29/58 | €38,217 | €32,734 | -€5,483 | -14.3% |
| Amounts receivable within one year | 40/41 | €16,876 | €24,211 | +€7,335 | +43.5% |
| Trade receivables | 40 | €14,297 | €24,211 | +€9,914 | +69.3% |
| Other amounts receivable | 41 | €2,579 | - | -€2,579 | |
| Cash at bank and in hand | 54/58 | €21,342 | €8,446 | -€12,896 | -60.4% |
| Deferred charges and accrued income | 490/1 | - | €78 | +€78 | |
| Total equity and liabilities | 10/49 | €213,156 | €181,602 | -€31,554 | -14.8% |
| Equity | 10/15 | -€652 | -€2,261 | -€1,610 | -247.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,652 | -€5,261 | -€1,610 | -44.1% |
| Amounts payable | 17/49 | €213,807 | €183,863 | -€29,944 | -14.0% |
| Amounts payable after more than one year | 17 | €110,544 | €90,386 | -€20,158 | -18.2% |
| Financial debts | 170/4 | €110,544 | €90,386 | -€20,158 | -18.2% |
| Amounts payable within one year | 42/48 | €103,263 | €93,477 | -€9,786 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €19,238 | €20,158 | +€921 | +4.8% |
| Trade debts | 44 | €33,676 | €21,176 | -€12,500 | -37.1% |
| Suppliers | 440/4 | €33,676 | €21,176 | -€12,500 | -37.1% |
| Taxes, remuneration and social security | 45 | - | €2,143 | +€2,143 | |
| Taxes | 450/3 | - | €2,143 | +€2,143 | |
| Other amounts payable | 47/48 | €50,349 | €50,000 | -€349 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,548 | €30,320 | +€17,773 | +141.6% |
| Gross operating margin | 9900 | €11,248 | €34,578 | +€23,331 | +207.4% |
| Operating profit (loss) | 9901 | -€1,300 | €4,258 | +€5,558 | |
| Financial charges | 65/66B | €2,352 | €5,868 | +€3,516 | +149.5% |
| Recurring financial charges | 65 | €2,352 | €5,868 | +€3,516 | +149.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,652 | -€1,610 | +€2,042 | +55.9% |
| Profit (loss) for the period | 9904 | -€3,652 | -€1,610 | +€2,042 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,652 | -€1,610 | +€2,042 | +55.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.