REESTA: 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.
What changed
REESTA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€120,273
2024 · €2,481+€117,793
Equity
€9.5m
2024 · €9.3m+€120,273
Cash
€192,273
2024 · €195,755-€3,482
Balance sheet total
€11.1m
2024 · €10.8m+€300,483
Largest movements
Assets
- Financial fixed assets +€1.1m
up €1.1m (+168%), from €672,598 to €1.8m
- Current investments -€955,917
down €955,917 (-23.7%), from €4.0m to €3.1m
- Receivables within one year -€801,773
down €801,773 (-24.0%), from €3.3m to €2.5m
of which Other amounts receivable: -€724,830
- Receivables after one year +€690,000
new in 2025: €690,000
- Tangible fixed assets +€238,924
up €238,924 (+9.3%), from €2.6m to €2.8m
of which Land and buildings: +€277,774
Equity and liabilities
- Other debts +€224,869
up €224,869 (+71.7%), from €313,580 to €538,450
- Reserves +€120,273
up €120,273 (+1.3%), from €9.0m to €9.2m
of which Distributable reserves: +€123,163
Income statement
- Financial charges -€168,215
down €168,215 (-69.4%), from €242,302 to €74,087
- Financial income -€70,172
down €70,172 (-15.5%), from €452,891 to €382,719
- Gross operating margin +€64,631
up €64,631 (+292%), from €22,161 to €86,792
- Taxes +€34,900
up €34,900 (+10,055%), from €347 to €35,247
- Depreciation +€30,504
up €30,504 (+18.4%), from €165,936 to €196,440
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.
Result 2024
€2,481
Gross operating margin
+€64,631
Staff costs
+€16,048
Depreciation
-€30,504
Other operating charges
-€4,026
Other operating items
+€8,500
Financial income
-€70,172
Financial charges
+€168,215
Taxes
-€34,900
Result 2025
€120,273
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€666,641
Investment
-€610,123
Financing
-€60,000
Cash 2024
€195,755
From operations (derived)
+€666,641
Net result for the year
+€120,273
Depreciation
+€196,440
Receivables after one year
-€690,000
Receivables within one year
+€801,773
Smaller working-capital items
-€3,522
Trade debts
+€5,339
Tax, wage and social debts
+€11,469
Other debts
+€224,869
Investment (derived)
-€610,123
Investment in fixed assets (net)
-€1.6m
Current investments
+€955,917
Financing
-€60,000
Debts after one year
-€60,000
Cash 2025
€192,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,848,501 | €11,148,984 | +€300,483 | +2.8% |
| Fixed assets | 21/28 | €3,238,980 | €4,608,580 | +€1.4m | +42.3% |
| Tangible fixed assets | 22/27 | €2,566,382 | €2,805,305 | +€238,924 | +9.3% |
| Land and buildings | 22 | €2,255,986 | €2,533,760 | +€277,774 | +12.3% |
| Plant, machinery and equipment | 23 | €278,034 | €249,059 | -€28,975 | -10.4% |
| Furniture and vehicles | 24 | €32,361 | €22,486 | -€9,875 | -30.5% |
| Financial fixed assets | 28 | €672,598 | €1,803,275 | +€1.1m | +168% |
| Current assets | 29/58 | €7,609,521 | €6,540,403 | -€1.1m | -14.0% |
| Amounts receivable after more than one year | 29 | - | €690,000 | +€690,000 | |
| Other amounts receivable | 291 | - | €690,000 | +€690,000 | |
| Amounts receivable within one year | 40/41 | €3,335,446 | €2,533,673 | -€801,773 | -24.0% |
| Trade receivables | 40 | €107,042 | €30,100 | -€76,943 | -71.9% |
| Other amounts receivable | 41 | €3,228,403 | €2,503,573 | -€724,830 | -22.5% |
| Current investments | 50/53 | €4,041,656 | €3,085,739 | -€955,917 | -23.7% |
| Cash at bank and in hand | 54/58 | €195,755 | €192,273 | -€3,482 | -1.8% |
| Deferred charges and accrued income | 490/1 | €36,664 | €38,718 | +€2,054 | +5.6% |
| Total equity and liabilities | 10/49 | €10,848,501 | €11,148,984 | +€300,483 | +2.8% |
| Equity | 10/15 | €9,331,572 | €9,451,845 | +€120,273 | +1.3% |
| Contributions | 10/11 | €282,116 | €282,116 | = | 0.0% |
| Reserves | 13 | €9,042,149 | €9,162,422 | +€120,273 | +1.3% |
| Non-distributable reserves | 130/1 | €45,407 | €45,407 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,407 | €45,407 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,619 | €43,729 | -€2,890 | -6.2% |
| Distributable reserves | 133 | €8,950,122 | €9,073,285 | +€123,163 | +1.4% |
| Profit (loss) carried forward | 14 | €7,307 | €7,307 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,540 | €14,576 | -€963 | -6.2% |
| Deferred taxes | 168 | €15,540 | €14,576 | -€963 | -6.2% |
| Amounts payable | 17/49 | €1,501,389 | €1,682,562 | +€181,173 | +12.1% |
| Amounts payable after more than one year | 17 | €1,085,000 | €1,025,000 | -€60,000 | -5.5% |
| Financial debts | 170/4 | €1,085,000 | €1,025,000 | -€60,000 | -5.5% |
| Amounts payable within one year | 42/48 | €399,089 | €640,767 | +€241,678 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €17,712 | €23,051 | +€5,339 | +30.1% |
| Suppliers | 440/4 | €17,712 | €23,051 | +€5,339 | +30.1% |
| Taxes, remuneration and social security | 45 | €7,797 | €19,266 | +€11,469 | +147% |
| Taxes | 450/3 | €3,579 | €19,266 | +€15,687 | +438% |
| Remuneration and social security | 454/9 | €4,218 | - | -€4,218 | |
| Other amounts payable | 47/48 | €313,580 | €538,450 | +€224,869 | +71.7% |
| Accrued charges and deferred income | 492/3 | €17,300 | €16,795 | -€505 | -2.9% |
| Non-recurring operating income | 76A | €2,500 | €19,039 | +€16,539 | +662% |
| Remuneration, social security and pensions | 62 | €34,100 | €18,051 | -€16,048 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,936 | €196,440 | +€30,504 | +18.4% |
| Other operating charges | 640/8 | €22,351 | €26,377 | +€4,026 | +18.0% |
| Non-recurring operating charges | 66A | €8,500 | - | -€8,500 | |
| Gross operating margin | 9900 | €22,161 | €86,792 | +€64,631 | +292% |
| Operating profit (loss) | 9901 | -€208,725 | -€154,076 | +€54,649 | +26.2% |
| Financial income | 75/76B | €452,891 | €382,719 | -€70,172 | -15.5% |
| Recurring financial income | 75 | €452,891 | €382,719 | -€70,172 | -15.5% |
| Financial charges | 65/66B | €242,302 | €74,087 | -€168,215 | -69.4% |
| Recurring financial charges | 65 | €242,302 | €74,087 | -€168,215 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €1,864 | €154,556 | +€152,692 | +8,190% |
| Transfer from deferred taxes | 780 | €963 | €963 | = | 0.0% |
| Income taxes | 67/77 | €347 | €35,247 | +€34,900 | +10,055% |
| Profit (loss) for the period | 9904 | €2,481 | €120,273 | +€117,793 | +4,749% |
| Transfer from tax-exempt reserves | 789 | €2,890 | €2,890 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,370 | €123,163 | +€117,793 | +2,193% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.