REEDSZER: 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.
REEDSZER
Largest movements
- Receivables within one year +€32,128
up €32,128 (+13.5%), from €237,849 to €269,977
of which Other amounts receivable: +€59,310
- Cash +€9,413
up €9,413 (+3.0%), from €309,541 to €318,954
mainly Net result for the year (+€69,893) and Other debts (+€1,477)
- Reserves +€69,893
up €69,893 (+14.7%), from €474,082 to €543,975
- Tax, wage and social debts -€29,329
down €29,329 (-43.0%), from €68,161 to €38,832
of which Taxes: -€27,799
- Gross operating margin -€117,422
down €117,422 (-46.5%), from €252,260 to €134,838
- Taxes -€27,364
down €27,364 (-56.6%), from €48,374 to €21,010
- Staff costs +€13,646
up €13,646 (+34.5%), from €39,598 to €53,244
- Financial income +€9,686
up €9,686 (+8726.1%), from €111 to €9,797
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 | €548,596 | €589,703 | +€41,107 | +7.5% |
| Fixed assets | 21/28 | €1,206 | €772 | -€434 | -36.0% |
| Tangible fixed assets | 22/27 | €1,031 | €597 | -€434 | -42.1% |
| Furniture and vehicles | 24 | €1,031 | €597 | -€434 | -42.1% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €547,390 | €588,931 | +€41,541 | +7.6% |
| Amounts receivable within one year | 40/41 | €237,849 | €269,977 | +€32,128 | +13.5% |
| Trade receivables | 40 | €37,249 | €10,067 | -€27,182 | -73.0% |
| Other amounts receivable | 41 | €200,600 | €259,910 | +€59,310 | +29.6% |
| Cash at bank and in hand | 54/58 | €309,541 | €318,954 | +€9,413 | +3.0% |
| Total equity and liabilities | 10/49 | €548,596 | €589,703 | +€41,107 | +7.5% |
| Equity | 10/15 | €475,582 | €545,475 | +€69,893 | +14.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €474,082 | €543,975 | +€69,893 | +14.7% |
| Distributable reserves | 133 | €474,082 | €543,975 | +€69,893 | +14.7% |
| Amounts payable | 17/49 | €73,014 | €44,228 | -€28,786 | -39.4% |
| Amounts payable within one year | 42/48 | €70,910 | €41,036 | -€29,874 | -42.1% |
| Trade debts | 44 | €2,022 | - | -€2,022 | |
| Suppliers | 440/4 | €1,118 | - | -€1,118 | |
| Bills of exchange payable | 441 | €904 | - | -€904 | |
| Taxes, remuneration and social security | 45 | €68,161 | €38,832 | -€29,329 | -43.0% |
| Taxes | 450/3 | €60,834 | €33,035 | -€27,799 | -45.7% |
| Remuneration and social security | 454/9 | €7,327 | €5,797 | -€1,530 | -20.9% |
| Other amounts payable | 47/48 | €727 | €2,204 | +€1,477 | +203.2% |
| Accrued charges and deferred income | 492/3 | €2,104 | €3,192 | +€1,088 | +51.7% |
| Remuneration, social security and pensions | 62 | €39,598 | €53,244 | +€13,646 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €434 | +€161 | +59.0% |
| Other operating charges | 640/8 | €849 | - | -€849 | |
| Gross operating margin | 9900 | €252,260 | €134,838 | -€117,422 | -46.5% |
| Operating profit (loss) | 9901 | €211,540 | €81,160 | -€130,380 | -61.6% |
| Financial income | 75/76B | €111 | €9,797 | +€9,686 | +8726.1% |
| Recurring financial income | 75 | €111 | €9,797 | +€9,686 | +8726.1% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €211,597 | €90,903 | -€120,694 | -57.0% |
| Income taxes | 67/77 | €48,374 | €21,010 | -€27,364 | -56.6% |
| Profit (loss) for the period | 9904 | €163,223 | €69,893 | -€93,330 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €163,223 | €69,893 | -€93,330 | -57.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.