REEF HOLDING: 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.
REEF HOLDING
Largest movements
- Receivables within one year +€104,687
up €104,687 (+6.4%), from €1.6m to €1.7m
- Profit (loss) carried forward +€89,270
up €89,270 (+41.3%), from €215,939 to €305,208
- Financial income +€62,800
up €62,800 (+156%), from €40,148 to €102,948
- Taxes +€7,081
up €7,081 (+5,028%), from €141 to €7,222
- Depreciation -€6,725
down €6,725 (-82.2%), from €8,182 to €1,457
- Gross operating margin +€989
up €989 (+25.4%), from -€3,894 to -€2,905
- Other operating charges +€208
up €208 (+11.2%), from €1,852 to €2,060
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,490,108 | €6,593,340 | +€103,231 | +1.6% |
| Fixed assets | 21/28 | €4,847,422 | €4,845,965 | -€1,457 | 0.0% |
| Tangible fixed assets | 22/27 | €1,457 | €0 | -€1,457 | -100% |
| Furniture and vehicles | 24 | €1,457 | €0 | -€1,457 | -100% |
| Financial fixed assets | 28 | €4,845,965 | €4,845,965 | = | 0.0% |
| Current assets | 29/58 | €1,642,686 | €1,747,375 | +€104,688 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,642,289 | €1,746,976 | +€104,687 | +6.4% |
| Other amounts receivable | 41 | €1,642,289 | €1,746,976 | +€104,687 | +6.4% |
| Deferred charges and accrued income | 490/1 | €397 | €399 | +€2 | +0.5% |
| Total equity and liabilities | 10/49 | €6,490,108 | €6,593,340 | +€103,231 | +1.6% |
| Equity | 10/15 | €4,755,469 | €4,844,738 | +€89,270 | +1.9% |
| Contributions | 10/11 | €4,521,500 | €4,521,500 | = | 0.0% |
| Reserves | 13 | €18,030 | €18,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,030 | €18,030 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,030 | €18,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,939 | €305,208 | +€89,270 | +41.3% |
| Amounts payable | 17/49 | €1,734,640 | €1,748,601 | +€13,961 | +0.8% |
| Amounts payable after more than one year | 17 | €1,600,000 | €1,600,000 | = | 0.0% |
| Financial debts | 170/4 | €1,600,000 | €1,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,640 | €148,601 | +€13,961 | +10.4% |
| Trade debts | 44 | €9,270 | €4,686 | -€4,584 | -49.5% |
| Suppliers | 440/4 | €9,270 | €4,686 | -€4,584 | -49.5% |
| Taxes, remuneration and social security | 45 | €280 | €7,363 | +€7,083 | +2,533% |
| Taxes | 450/3 | €280 | €7,363 | +€7,083 | +2,533% |
| Other amounts payable | 47/48 | €125,090 | €136,552 | +€11,463 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,182 | €1,457 | -€6,725 | -82.2% |
| Other operating charges | 640/8 | €1,852 | €2,060 | +€208 | +11.2% |
| Gross operating margin | 9900 | -€3,894 | -€2,905 | +€989 | +25.4% |
| Operating profit (loss) | 9901 | -€13,928 | -€6,423 | +€7,506 | +53.9% |
| Financial income | 75/76B | €40,148 | €102,948 | +€62,800 | +156% |
| Recurring financial income | 75 | €40,148 | €102,948 | +€62,800 | +156% |
| Financial charges | 65/66B | €108 | €33 | -€75 | -69.2% |
| Recurring financial charges | 65 | €108 | €33 | -€75 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €26,112 | €96,492 | +€70,380 | +270% |
| Income taxes | 67/77 | €141 | €7,222 | +€7,081 | +5,028% |
| Profit (loss) for the period | 9904 | €25,971 | €89,270 | +€63,299 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €25,971 | €89,270 | +€63,299 | +244% |
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 18 October 2026 via checked.be.