REFLEX IMMO: 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.
REFLEX IMMO
Largest movements
- Cash +€13,067
up €13,067 (+61.4%), from €21,294 to €34,361
mainly Trade debts (+€7,588) and Advances received (+€7,370)
- Receivables within one year +€8,230
new in 2025: €8,230
- Tangible fixed assets +€487
new in 2025: €487
- Trade debts +€7,588
up €7,588 (+364.7%), from €2,081 to €9,669
- Advances received +€7,370
new in 2025: €7,370
- Reserves +€5,514
up €5,514 (+45.0%), from €12,267 to €17,781
- Other debts +€470
up €470 (+246.2%), from €191 to €661
- Accrued charges and deferred income +€450
new in 2025: €450
- Staff costs -€7,373
down €7,373 (-65.5%), from €11,261 to €3,888
- Gross operating margin -€6,719
down €6,719 (-34.4%), from €19,540 to €12,822
- Taxes +€468
up €468 (+25.0%), from €1,873 to €2,341
- Depreciation -€297
down €297 (-73.6%), from €404 to €107
- Other operating charges +€196
up €196 (+206.3%), from €95 to €291
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,294 | €43,078 | +€21,785 | +102.3% |
| Fixed assets | 21/28 | - | €487 | +€487 | |
| Tangible fixed assets | 22/27 | - | €487 | +€487 | |
| Furniture and vehicles | 24 | - | €487 | +€487 | |
| Current assets | 29/58 | €21,294 | €42,591 | +€21,297 | +100.0% |
| Amounts receivable within one year | 40/41 | - | €8,230 | +€8,230 | |
| Trade receivables | 40 | - | €8,230 | +€8,230 | |
| Cash at bank and in hand | 54/58 | €21,294 | €34,361 | +€13,067 | +61.4% |
| Total equity and liabilities | 10/49 | €21,294 | €43,078 | +€21,785 | +102.3% |
| Equity | 10/15 | €13,267 | €18,781 | +€5,514 | +41.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,267 | €17,781 | +€5,514 | +45.0% |
| Distributable reserves | 133 | €12,267 | €17,781 | +€5,514 | +45.0% |
| Amounts payable | 17/49 | €8,027 | €24,298 | +€16,271 | +202.7% |
| Amounts payable within one year | 42/48 | €8,027 | €23,848 | +€15,821 | +197.1% |
| Trade debts | 44 | €2,081 | €9,669 | +€7,588 | +364.7% |
| Suppliers | 440/4 | €2,081 | €9,669 | +€7,588 | +364.7% |
| Advances received on contracts in progress | 46 | - | €7,370 | +€7,370 | |
| Taxes, remuneration and social security | 45 | €5,756 | €6,148 | +€392 | +6.8% |
| Taxes | 450/3 | €5,756 | €6,148 | +€392 | +6.8% |
| Other amounts payable | 47/48 | €191 | €661 | +€470 | +246.2% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Non-recurring operating income | 76A | €2,963 | €4,636 | +€1,673 | +56.5% |
| Remuneration, social security and pensions | 62 | €11,261 | €3,888 | -€7,373 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €107 | -€297 | -73.6% |
| Other operating charges | 640/8 | €95 | €291 | +€196 | +206.3% |
| Non-recurring operating charges | 66A | €240 | - | -€240 | |
| Gross operating margin | 9900 | €19,540 | €12,822 | -€6,719 | -34.4% |
| Operating profit (loss) | 9901 | €7,540 | €8,536 | +€996 | +13.2% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €937 | €751 | -€187 | -19.9% |
| Recurring financial charges | 65 | €937 | €751 | -€187 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €6,603 | €7,855 | +€1,252 | +19.0% |
| Income taxes | 67/77 | €1,873 | €2,341 | +€468 | +25.0% |
| Profit (loss) for the period | 9904 | €4,730 | €5,514 | +€784 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,730 | €5,514 | +€784 | +16.6% |
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 12 October 2026 via checked.be.