REASET: 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.
REASET
Largest movements
- Cash -€111,447
down €111,447 (-79.9%), from €139,519 to €28,072
mainly Other debts (-€50,740) and Net result for the year (-€30,331)
- Receivables within one year +€23,979
up €23,979 (+40.1%), from €59,759 to €83,738
of which Other amounts receivable: +€22,339
- Other debts -€50,740
down €50,740 (-30.7%), from €165,254 to €114,515
- Reserves -€30,331
down €30,331 (-4.8%), from €630,701 to €600,370
of which Distributable reserves: -€30,331
- Gross operating margin -€191,005
down €191,005, from €177,318 to -€13,687
- Taxes -€40,837
down €40,837 (-100%), from €40,837 to €0
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.
Derived cash bridge
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 | €890,425 | €799,667 | -€90,758 | -10.2% |
| Fixed assets | 21/28 | €46,875 | €43,465 | -€3,410 | -7.3% |
| Tangible fixed assets | 22/27 | €46,875 | €43,465 | -€3,410 | -7.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €46,875 | €43,465 | -€3,410 | -7.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €843,549 | €756,202 | -€87,347 | -10.4% |
| Stocks and contracts in progress | 3 | €644,271 | €644,392 | +€120 | 0.0% |
| Stocks | 30/36 | €644,271 | €644,392 | +€120 | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €59,759 | €83,738 | +€23,979 | +40.1% |
| Trade receivables | 40 | €0 | €1,640 | +€1,640 | |
| Other amounts receivable | 41 | €59,759 | €82,098 | +€22,339 | +37.4% |
| Cash at bank and in hand | 54/58 | €139,519 | €28,072 | -€111,447 | -79.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €890,425 | €799,667 | -€90,758 | -10.2% |
| Equity | 10/15 | €710,701 | €680,370 | -€30,331 | -4.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €630,701 | €600,370 | -€30,331 | -4.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €145 | €145 | = | 0.0% |
| Distributable reserves | 133 | €630,556 | €600,224 | -€30,331 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,723 | €119,297 | -€60,426 | -33.6% |
| Amounts payable within one year | 42/48 | €179,723 | €119,297 | -€60,426 | -33.6% |
| Financial debts | 43 | €12,500 | €4,375 | -€8,125 | -65.0% |
| Credit institutions | 430/8 | €12,500 | €4,375 | -€8,125 | -65.0% |
| Trade debts | 44 | €1,559 | €408 | -€1,152 | -73.9% |
| Suppliers | 440/4 | €1,559 | €408 | -€1,152 | -73.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €410 | €0 | -€410 | -100% |
| Taxes | 450/3 | €410 | €0 | -€410 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €165,254 | €114,515 | -€50,740 | -30.7% |
| Remuneration, social security and pensions | 62 | €25 | €0 | -€25 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,451 | €3,410 | -€40 | -1.2% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | €177,318 | -€13,687 | -€191,005 | |
| Operating profit (loss) | 9901 | €172,766 | -€18,191 | -€190,957 | |
| Financial income | 75/76B | €503 | €434 | -€69 | -13.6% |
| Recurring financial income | 75 | €503 | €434 | -€69 | -13.6% |
| Financial charges | 65/66B | €11,895 | €12,575 | +€680 | +5.7% |
| Recurring financial charges | 65 | €11,895 | €12,575 | +€680 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €161,374 | -€30,331 | -€191,705 | |
| Income taxes | 67/77 | €40,837 | €0 | -€40,837 | -100% |
| Profit (loss) for the period | 9904 | €120,537 | -€30,331 | -€150,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,537 | -€30,331 | -€150,869 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.