REEJEEL: 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.
REEJEEL
Largest movements
- Receivables within one year -€18,509
down €18,509 (-80.2%), from €23,074 to €4,566
of which Trade receivables: -€18,483
- Cash -€8,133
down €8,133 (-11.7%), from €69,308 to €61,175
mainly Net result for the year (-€11,491) and Trade debts (-€9,918)
- Tangible fixed assets -€6,437
down €6,437 (-11.9%), from €54,002 to €47,565
of which Land and buildings: -€8,760
- Profit (loss) carried forward -€11,491
down €11,491 (-150%), from -€7,668 to -€19,159
- Trade debts -€9,918
down €9,918 (-72.1%), from €13,763 to €3,844
- Debts after one year -€9,904
down €9,904 (-16.1%), from €61,380 to €51,476
- Other debts -€1,829
down €1,829 (-23.2%), from €7,888 to €6,059
- Gross operating margin -€23,780
down €23,780 (-47.9%), from €49,682 to €25,902
- Depreciation -€924
down €924 (-8.3%), from €11,163 to €10,239
- Staff costs -€790
down €790 (-3.5%), from €22,728 to €21,938
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 | €152,980 | €119,401 | -€33,579 | -21.9% |
| Fixed assets | 21/28 | €54,002 | €47,565 | -€6,437 | -11.9% |
| Tangible fixed assets | 22/27 | €54,002 | €47,565 | -€6,437 | -11.9% |
| Land and buildings | 22 | €52,560 | €43,800 | -€8,760 | -16.7% |
| Furniture and vehicles | 24 | €1,442 | €1,823 | +€380 | +26.4% |
| Other tangible fixed assets | 26 | - | €1,943 | +€1,943 | |
| Current assets | 29/58 | €98,978 | €71,836 | -€27,142 | -27.4% |
| Stocks and contracts in progress | 3 | €4,303 | €3,715 | -€588 | -13.7% |
| Contracts in progress | 37 | €4,303 | €3,715 | -€588 | -13.7% |
| Amounts receivable within one year | 40/41 | €23,074 | €4,566 | -€18,509 | -80.2% |
| Trade receivables | 40 | €23,048 | €4,566 | -€18,483 | -80.2% |
| Other amounts receivable | 41 | €26 | - | -€26 | |
| Cash at bank and in hand | 54/58 | €69,308 | €61,175 | -€8,133 | -11.7% |
| Deferred charges and accrued income | 490/1 | €2,293 | €2,380 | +€87 | +3.8% |
| Total equity and liabilities | 10/49 | €152,980 | €119,401 | -€33,579 | -21.9% |
| Equity | 10/15 | €25,714 | €14,223 | -€11,491 | -44.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €12,922 | €12,922 | = | 0.0% |
| Distributable reserves | 133 | €12,922 | €12,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,668 | -€19,159 | -€11,491 | -150% |
| Amounts payable | 17/49 | €127,266 | €105,179 | -€22,088 | -17.4% |
| Amounts payable after more than one year | 17 | €61,380 | €51,476 | -€9,904 | -16.1% |
| Financial debts | 170/4 | €61,380 | €51,476 | -€9,904 | -16.1% |
| Amounts payable within one year | 42/48 | €64,985 | €52,191 | -€12,794 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €9,707 | €9,904 | +€197 | +2.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €13,763 | €3,844 | -€9,918 | -72.1% |
| Suppliers | 440/4 | €13,763 | €3,844 | -€9,918 | -72.1% |
| Taxes, remuneration and social security | 45 | €8,628 | €7,383 | -€1,244 | -14.4% |
| Taxes | 450/3 | €4,341 | €3,163 | -€1,178 | -27.1% |
| Remuneration and social security | 454/9 | €4,287 | €4,221 | -€66 | -1.5% |
| Other amounts payable | 47/48 | €7,888 | €6,059 | -€1,829 | -23.2% |
| Accrued charges and deferred income | 492/3 | €901 | €1,511 | +€610 | +67.8% |
| Remuneration, social security and pensions | 62 | €22,728 | €21,938 | -€790 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,163 | €10,239 | -€924 | -8.3% |
| Other operating charges | 640/8 | €1,661 | €1,661 | +€0 | 0.0% |
| Non-recurring operating charges | 66A | - | €421 | +€421 | |
| Gross operating margin | 9900 | €49,682 | €25,902 | -€23,780 | -47.9% |
| Operating profit (loss) | 9901 | €14,130 | -€8,357 | -€22,488 | |
| Financial income | 75/76B | €255 | €339 | +€83 | +32.6% |
| Recurring financial income | 75 | €255 | €339 | +€83 | +32.6% |
| Financial charges | 65/66B | €3,483 | €3,281 | -€202 | -5.8% |
| Recurring financial charges | 65 | €3,483 | €3,281 | -€202 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €10,903 | -€11,300 | -€22,203 | |
| Income taxes | 67/77 | €184 | €192 | +€8 | +4.4% |
| Profit (loss) for the period | 9904 | €10,719 | -€11,491 | -€22,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,719 | -€11,491 | -€22,211 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.