Refleqt: 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
Refleqt
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€299,136
2024 · €400,251-€101,114
Equity
€2.0m
2024 · €1.8m+€209,136
Cash
€11,348
2024 · €11,480-€133
Balance sheet total
€2.5m
2024 · €2.3m+€227,689
Largest movements
Assets
- Receivables within one year +€210,896
up €210,896 (+9.3%), from €2.3m to €2.5m
of which Other amounts receivable: +€366,915
Equity and liabilities
- Reserves +€209,625
up €209,625 (+12.2%), from €1.7m to €1.9m
of which Distributable reserves: +€157,000
- Trade debts +€31,155
up €31,155 (+19.0%), from €164,166 to €195,321
Income statement
- Staff costs +€102,729
up €102,729 (+6.7%), from €1.5m to €1.6m
- Turnover -€86,787
down €86,787 (-2.8%), from €3.1m to €3.0m
- Purchases and services -€58,887
down €58,887 (-5.6%), from €1.0m to €990,137
- Taxes -€33,996
down €33,996 (-28.3%), from €119,967 to €85,971
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
€400,251
Gross operating margin
-€22,270
Staff costs
-€102,729
Depreciation
+€1,986
Write-downs
-€1,047
Other operating charges
+€2,052
Other operating items
-€665
Financial income
-€3,566
Financial charges
-€8,872
Taxes
+€33,996
Result 2025
€299,136
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.
From operations
+€94,870
Investment
-€5,003
Financing
-€90,000
Cash 2024
€11,480
From operations (derived)
+€94,870
Net result for the year
+€299,136
Depreciation
+€5,274
Stocks and contracts
-€6,936
Receivables within one year
-€210,896
Deferred charges and accrued income
-€10,261
Provisions
+€855
Trade debts
+€31,155
Tax, wage and social debts
-€15,957
Other debts
+€2,500
Investment (derived)
-€5,003
Investment in fixed assets (net)
-€5,003
Financing
-€90,000
Contributions, distributions and other
-€90,000
Cash 2025
€11,348
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,310,220 | €2,537,909 | +€227,689 | +9.9% |
| Fixed assets | 21/28 | €8,962 | €8,691 | -€271 | -3.0% |
| Tangible fixed assets | 22/27 | €8,962 | €8,691 | -€271 | -3.0% |
| Plant, machinery and equipment | 23 | €8,962 | €8,691 | -€271 | -3.0% |
| Current assets | 29/58 | €2,301,258 | €2,529,219 | +€227,960 | +9.9% |
| Stocks and contracts in progress | 3 | - | €6,936 | +€6,936 | |
| Contracts in progress | 37 | - | €6,936 | +€6,936 | |
| Amounts receivable within one year | 40/41 | €2,272,446 | €2,483,342 | +€210,896 | +9.3% |
| Trade receivables | 40 | €733,467 | €577,448 | -€156,019 | -21.3% |
| Other amounts receivable | 41 | €1,538,979 | €1,905,894 | +€366,915 | +23.8% |
| Cash at bank and in hand | 54/58 | €11,480 | €11,348 | -€133 | -1.2% |
| Deferred charges and accrued income | 490/1 | €17,332 | €27,593 | +€10,261 | +59.2% |
| Total equity and liabilities | 10/49 | €2,310,220 | €2,537,909 | +€227,689 | +9.9% |
| Equity | 10/15 | €1,776,971 | €1,986,108 | +€209,136 | +11.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,714,360 | €1,923,985 | +€209,625 | +12.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €157,875 | +€52,625 | +50.0% |
| Distributable reserves | 133 | €1,602,910 | €1,759,910 | +€157,000 | +9.8% |
| Profit (loss) carried forward | 14 | €611 | €123 | -€489 | -79.9% |
| Provisions and deferred taxes | 16 | - | €855 | +€855 | |
| Provisions for liabilities and charges | 160/5 | - | €855 | +€855 | |
| Pensions and similar obligations | 160 | - | €855 | +€855 | |
| Amounts payable | 17/49 | €533,249 | €550,947 | +€17,698 | +3.3% |
| Amounts payable within one year | 42/48 | €533,249 | €550,947 | +€17,698 | +3.3% |
| Trade debts | 44 | €164,166 | €195,321 | +€31,155 | +19.0% |
| Suppliers | 440/4 | €164,166 | €195,321 | +€31,155 | +19.0% |
| Taxes, remuneration and social security | 45 | €269,083 | €253,126 | -€15,957 | -5.9% |
| Taxes | 450/3 | €100,899 | €87,584 | -€13,315 | -13.2% |
| Remuneration and social security | 454/9 | €168,184 | €165,542 | -€2,642 | -1.6% |
| Other amounts payable | 47/48 | €100,000 | €102,500 | +€2,500 | +2.5% |
| Turnover | 70 | €3,103,855 | €3,017,068 | -€86,787 | -2.8% |
| Non-recurring operating income | 76A | - | €36 | +€36 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,049,024 | €990,137 | -€58,887 | -5.6% |
| Remuneration, social security and pensions | 62 | €1,536,427 | €1,639,156 | +€102,729 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,260 | €5,274 | -€1,986 | -27.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€193 | €855 | +€1,047 | |
| Other operating charges | 640/8 | €9,294 | €7,242 | -€2,052 | -22.1% |
| Non-recurring operating charges | 66A | - | €665 | +€665 | |
| Gross operating margin | 9900 | €2,061,932 | €2,039,662 | -€22,270 | -1.1% |
| Operating profit (loss) | 9901 | €509,143 | €386,471 | -€122,673 | -24.1% |
| Financial income | 75/76B | €39,097 | €35,531 | -€3,566 | -9.1% |
| Recurring financial income | 75 | €39,097 | €35,531 | -€3,566 | -9.1% |
| Financial charges | 65/66B | €28,022 | €36,895 | +€8,872 | +31.7% |
| Recurring financial charges | 65 | €28,022 | €36,895 | +€8,872 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €520,218 | €385,107 | -€135,111 | -26.0% |
| Income taxes | 67/77 | €119,967 | €85,971 | -€33,996 | -28.3% |
| Profit (loss) for the period | 9904 | €400,251 | €299,136 | -€101,114 | -25.3% |
| Transfer from tax-exempt reserves | 789 | €130,510 | - | -€130,510 | |
| Transfer to tax-exempt reserves | 689 | - | €52,625 | +€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €530,761 | €246,511 | -€284,249 | -53.6% |
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 10 October 2026 via checked.be.