REFLEX DESIGN: what changed
Two fiscal 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.
REFLEX DESIGN
Largest movements
- Cash -€3,816
down €3,816 (-30.2%), from €12,655 to €8,839
mainly Net result for the year (-€4,464) and Trade debts (-€334)
- Receivables within one year -€401
down €401 (-12.8%), from €3,142 to €2,740
- Deferred charges and accrued income -€399
no longer reported in 2026 (was €399)
- Profit (loss) carried forward -€4,464
down €4,464 (-36.2%), from -€12,335 to -€16,799
- Tax, wage and social debts +€498
up €498 (+262.3%), from €190 to €687
- Trade debts -€334
down €334 (-44.6%), from €750 to €416
- Other debts -€300
down €300 (-2.4%), from €12,249 to €11,949
- Gross operating margin +€9,885
up €9,885 (+71.2%), from -€13,888 to -€4,002
- Depreciation -€689
no longer reported in 2026 (was €689)
- Financial income +€414
up €414 (+1246.4%), from €33 to €447
- Other operating charges +€387
new in 2026: €387
- Financial charges -€164
down €164 (-24.2%), from €678 to €514
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,306 | €16,705 | -€4,601 | -21.6% |
| Current assets | 29/58 | €21,306 | €16,705 | -€4,601 | -21.6% |
| Amounts receivable within one year | 40/41 | €3,142 | €2,740 | -€401 | -12.8% |
| Trade receivables | 40 | €3,142 | €2,740 | -€401 | -12.8% |
| Current investments | 50/53 | €5,110 | €5,126 | +€16 | +0.3% |
| Cash at bank and in hand | 54/58 | €12,655 | €8,839 | -€3,816 | -30.2% |
| Deferred charges and accrued income | 490/1 | €399 | - | -€399 | |
| Total equity and liabilities | 10/49 | €21,306 | €16,705 | -€4,601 | -21.6% |
| Equity | 10/15 | €8,116 | €3,652 | -€4,464 | -55.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,335 | -€16,799 | -€4,464 | -36.2% |
| Amounts payable | 17/49 | €13,190 | €13,053 | -€137 | -1.0% |
| Amounts payable within one year | 42/48 | €13,190 | €13,053 | -€137 | -1.0% |
| Trade debts | 44 | €750 | €416 | -€334 | -44.6% |
| Suppliers | 440/4 | €750 | €416 | -€334 | -44.6% |
| Taxes, remuneration and social security | 45 | €190 | €687 | +€498 | +262.3% |
| Taxes | 450/3 | €190 | €687 | +€498 | +262.3% |
| Other amounts payable | 47/48 | €12,249 | €11,949 | -€300 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | - | -€689 | |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | -€13,888 | -€4,002 | +€9,885 | +71.2% |
| Operating profit (loss) | 9901 | -€14,577 | -€4,390 | +€10,187 | +69.9% |
| Financial income | 75/76B | €33 | €447 | +€414 | +1246.4% |
| Recurring financial income | 75 | €33 | €447 | +€414 | +1246.4% |
| Financial charges | 65/66B | €678 | €514 | -€164 | -24.2% |
| Recurring financial charges | 65 | €678 | €514 | -€164 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,222 | -€4,457 | +€10,765 | +70.7% |
| Income taxes | 67/77 | €10 | €7 | -€3 | -29.0% |
| Profit (loss) for the period | 9904 | -€15,232 | -€4,464 | +€10,768 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,232 | -€4,464 | +€10,768 | +70.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.