REEDIER: 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.
REEDIER
Largest movements
- Cash +€165,430
up €165,430 (+22.3%), from €742,409 to €907,839
mainly Net result for the year (+€180,629) and Other debts (+€128,183)
- Other debts +€128,183
up €128,183 (+16.7%), from €769,550 to €897,733
- Reserves +€30,629
up €30,629 (+5982.2%), from €512 to €31,141
of which Distributable reserves: +€30,629
- Trade debts +€10,579
up €10,579 (+59.0%), from €17,938 to €28,517
- Gross operating margin -€3,647
down €3,647 (-1.5%), from €239,023 to €235,376
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 | €808,000 | €977,391 | +€169,391 | +21.0% |
| Fixed assets | 21/28 | €116 | €1,007 | +€891 | +768.1% |
| Tangible fixed assets | 22/27 | €116 | €1,007 | +€891 | +768.1% |
| Furniture and vehicles | 24 | €116 | €1,007 | +€891 | +768.1% |
| Current assets | 29/58 | €807,884 | €976,384 | +€168,500 | +20.9% |
| Amounts receivable within one year | 40/41 | €65,475 | €68,545 | +€3,070 | +4.7% |
| Trade receivables | 40 | €40,775 | €42,179 | +€1,404 | +3.4% |
| Other amounts receivable | 41 | €24,700 | €26,366 | +€1,666 | +6.7% |
| Cash at bank and in hand | 54/58 | €742,409 | €907,839 | +€165,430 | +22.3% |
| Total equity and liabilities | 10/49 | €808,000 | €977,391 | +€169,391 | +21.0% |
| Equity | 10/15 | €20,512 | €51,141 | +€30,629 | +149.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €512 | €31,141 | +€30,629 | +5982.2% |
| Tax-exempt reserves | 132 | €480 | €480 | = | 0.0% |
| Distributable reserves | 133 | €32 | €30,661 | +€30,629 | +95715.6% |
| Amounts payable | 17/49 | €787,488 | €926,250 | +€138,762 | +17.6% |
| Amounts payable within one year | 42/48 | €787,488 | €926,250 | +€138,762 | +17.6% |
| Trade debts | 44 | €17,938 | €28,517 | +€10,579 | +59.0% |
| Suppliers | 440/4 | €17,938 | €28,517 | +€10,579 | +59.0% |
| Other amounts payable | 47/48 | €769,550 | €897,733 | +€128,183 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83 | €228 | +€145 | +174.7% |
| Other operating charges | 640/8 | €118 | €613 | +€495 | +419.5% |
| Gross operating margin | 9900 | €239,023 | €235,376 | -€3,647 | -1.5% |
| Operating profit (loss) | 9901 | €238,822 | €234,535 | -€4,287 | -1.8% |
| Financial charges | 65/66B | €199 | €292 | +€93 | +46.7% |
| Recurring financial charges | 65 | €199 | €292 | +€93 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €238,623 | €234,243 | -€4,380 | -1.8% |
| Income taxes | 67/77 | €55,069 | €53,614 | -€1,455 | -2.6% |
| Profit (loss) for the period | 9904 | €183,554 | €180,629 | -€2,925 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €183,554 | €180,629 | -€2,925 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.