REEDUC’ACTIF: 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.
REEDUC’ACTIF
Largest movements
- Receivables within one year -€69,132
down €69,132 (-99.2%), from €69,713 to €581
of which Other amounts receivable: -€44,196
- Formation expenses +€42,760
new in 2025: €42,760
- Tangible fixed assets -€7,621
down €7,621 (-15.7%), from €48,639 to €41,018
of which Plant, machinery and equipment: -€9,157
- Intangible fixed assets +€4,380
new in 2025: €4,380
- Cash +€3,528
up €3,528 (+14.4%), from €24,531 to €28,059
mainly Receivables within one year (+€69,132) and Depreciation (+€14,100)
- Debts after one year -€22,526
down €22,526 (-38.2%), from €59,028 to €36,502
- Profit (loss) carried forward -€6,587
down €6,587 (-13.7%), from €48,071 to €41,484
- Current portion of long-term debt +€4,745
up €4,745 (+34.2%), from €13,886 to €18,631
- Trade debts -€3,931
down €3,931 (-70.8%), from €5,555 to €1,624
- Other debts +€2,696
new in 2025: €2,696
- Gross operating margin -€42,471
down €42,471 (-78.5%), from €54,106 to €11,635
- Taxes -€8,401
down €8,401 (-98.8%), from €8,500 to €99
- Depreciation +€2,145
up €2,145 (+17.9%), from €11,955 to €14,100
- Other operating charges -€1,123
down €1,123 (-65.9%), from €1,705 to €582
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.
Derived cash bridge
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 | €142,883 | €117,050 | -€25,833 | -18.1% |
| Formation expenses | 20 | - | €42,760 | +€42,760 | |
| Fixed assets | 21/28 | €48,639 | €45,398 | -€3,241 | -6.7% |
| Intangible fixed assets | 21 | - | €4,380 | +€4,380 | |
| Tangible fixed assets | 22/27 | €48,639 | €41,018 | -€7,621 | -15.7% |
| Land and buildings | 22 | €8,379 | €7,436 | -€943 | -11.3% |
| Plant, machinery and equipment | 23 | €34,514 | €25,357 | -€9,157 | -26.5% |
| Furniture and vehicles | 24 | €5,746 | €8,225 | +€2,479 | +43.1% |
| Current assets | 29/58 | €94,244 | €28,892 | -€65,352 | -69.3% |
| Amounts receivable within one year | 40/41 | €69,713 | €581 | -€69,132 | -99.2% |
| Trade receivables | 40 | €25,517 | €581 | -€24,936 | -97.7% |
| Other amounts receivable | 41 | €44,196 | - | -€44,196 | |
| Cash at bank and in hand | 54/58 | €24,531 | €28,059 | +€3,528 | +14.4% |
| Deferred charges and accrued income | 490/1 | - | €252 | +€252 | |
| Total equity and liabilities | 10/49 | €142,883 | €117,050 | -€25,833 | -18.1% |
| Equity | 10/15 | €54,071 | €47,484 | -€6,587 | -12.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,071 | €41,484 | -€6,587 | -13.7% |
| Amounts payable | 17/49 | €88,812 | €69,566 | -€19,246 | -21.7% |
| Amounts payable after more than one year | 17 | €59,028 | €36,502 | -€22,526 | -38.2% |
| Financial debts | 170/4 | €59,028 | €36,502 | -€22,526 | -38.2% |
| Amounts payable within one year | 42/48 | €27,941 | €31,550 | +€3,609 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €13,886 | €18,631 | +€4,745 | +34.2% |
| Trade debts | 44 | €5,555 | €1,624 | -€3,931 | -70.8% |
| Suppliers | 440/4 | €5,555 | €1,624 | -€3,931 | -70.8% |
| Taxes, remuneration and social security | 45 | €8,500 | €8,599 | +€99 | +1.2% |
| Taxes | 450/3 | €8,500 | €8,599 | +€99 | +1.2% |
| Other amounts payable | 47/48 | - | €2,696 | +€2,696 | |
| Accrued charges and deferred income | 492/3 | €1,843 | €1,514 | -€329 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,955 | €14,100 | +€2,145 | +17.9% |
| Other operating charges | 640/8 | €1,705 | €582 | -€1,123 | -65.9% |
| Non-recurring operating charges | 66A | €4,000 | - | -€4,000 | |
| Gross operating margin | 9900 | €54,106 | €11,635 | -€42,471 | -78.5% |
| Operating profit (loss) | 9901 | €36,446 | -€3,047 | -€39,493 | |
| Financial income | 75/76B | €24 | €152 | +€128 | +533% |
| Recurring financial income | 75 | €24 | €152 | +€128 | +533% |
| Financial charges | 65/66B | €4,056 | €3,593 | -€463 | -11.4% |
| Recurring financial charges | 65 | €4,056 | €3,593 | -€463 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €32,414 | -€6,488 | -€38,902 | |
| Income taxes | 67/77 | €8,500 | €99 | -€8,401 | -98.8% |
| Profit (loss) for the period | 9904 | €23,914 | -€6,587 | -€30,501 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,914 | -€6,587 | -€30,501 |
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 18 October 2026 via checked.be.