REFLEX SHOOTING: 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 SHOOTING
Largest movements
- Stocks and contracts -€161,250
down €161,250 (-71.7%), from €225,000 to €63,750
- Receivables within one year -€9,467
down €9,467 (-87.8%), from €10,781 to €1,314
of which Trade receivables: -€7,223
- Tangible fixed assets -€3,464
down €3,464 (-43.3%), from €7,996 to €4,532
of which Other tangible fixed assets: -€2,475
- Cash -€3,363
down €3,363 (-76.2%), from €4,411 to €1,048
mainly Trade debts (-€87,625) and Other debts (-€67,966)
- Trade debts -€87,625
down €87,625 (-91.1%), from €96,166 to €8,541
- Other debts -€67,966
down €67,966 (-15.2%), from €447,076 to €379,110
- Profit (loss) carried forward -€19,814
down €19,814 (-6.1%), from -€325,933 to -€345,747
- Gross operating margin -€16,878
down €16,878, from €3,780 to -€13,098
- Financial charges -€1,494
down €1,494 (-31.5%), from €4,751 to €3,256
- Depreciation -€1,384
down €1,384 (-28.5%), from €4,848 to €3,464
- Financial income -€136
down €136 (-97.2%), from €139 to €4
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,188 | €70,644 | -€177,544 | -71.5% |
| Fixed assets | 21/28 | €7,996 | €4,532 | -€3,464 | -43.3% |
| Tangible fixed assets | 22/27 | €7,996 | €4,532 | -€3,464 | -43.3% |
| Furniture and vehicles | 24 | €2,283 | €1,294 | -€989 | -43.3% |
| Other tangible fixed assets | 26 | €5,713 | €3,238 | -€2,475 | -43.3% |
| Current assets | 29/58 | €240,192 | €66,112 | -€174,080 | -72.5% |
| Stocks and contracts in progress | 3 | €225,000 | €63,750 | -€161,250 | -71.7% |
| Stocks | 30/36 | €225,000 | €63,750 | -€161,250 | -71.7% |
| Amounts receivable within one year | 40/41 | €10,781 | €1,314 | -€9,467 | -87.8% |
| Trade receivables | 40 | €7,223 | - | -€7,223 | |
| Other amounts receivable | 41 | €3,557 | €1,314 | -€2,243 | -63.1% |
| Cash at bank and in hand | 54/58 | €4,411 | €1,048 | -€3,363 | -76.2% |
| Total equity and liabilities | 10/49 | €248,188 | €70,644 | -€177,544 | -71.5% |
| Equity | 10/15 | -€300,933 | -€320,747 | -€19,814 | -6.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€325,933 | -€345,747 | -€19,814 | -6.1% |
| Amounts payable | 17/49 | €549,121 | €391,392 | -€157,729 | -28.7% |
| Amounts payable within one year | 42/48 | €549,121 | €391,392 | -€157,729 | -28.7% |
| Trade debts | 44 | €96,166 | €8,541 | -€87,625 | -91.1% |
| Suppliers | 440/4 | €96,166 | €8,541 | -€87,625 | -91.1% |
| Taxes, remuneration and social security | 45 | €5,878 | €3,740 | -€2,138 | -36.4% |
| Taxes | 450/3 | €3,138 | €1,000 | -€2,138 | -68.1% |
| Remuneration and social security | 454/9 | €2,741 | €2,741 | = | 0.0% |
| Other amounts payable | 47/48 | €447,076 | €379,110 | -€67,966 | -15.2% |
| Non-recurring operating income | 76A | - | €101,628 | +€101,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,848 | €3,464 | -€1,384 | -28.5% |
| Other operating charges | 640/8 | €125 | - | -€125 | |
| Non-recurring operating charges | 66A | €66,180 | - | -€66,180 | |
| Gross operating margin | 9900 | €3,780 | -€13,098 | -€16,878 | |
| Operating profit (loss) | 9901 | -€67,373 | -€16,562 | +€50,811 | +75.4% |
| Financial income | 75/76B | €139 | €4 | -€136 | -97.2% |
| Recurring financial income | 75 | €139 | €4 | -€136 | -97.2% |
| Financial charges | 65/66B | €4,751 | €3,256 | -€1,494 | -31.5% |
| Recurring financial charges | 65 | €4,751 | €3,256 | -€1,494 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€71,984 | -€19,814 | +€52,169 | +72.5% |
| Profit (loss) for the period | 9904 | -€71,984 | -€19,814 | +€52,169 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,984 | -€19,814 | +€52,169 | +72.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.