REFLEX TOURNAI: 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 TOURNAI
Largest movements
- Cash +€38,204
up €38,204 (+38.0%), from €100,530 to €138,734
mainly Net result for the year (+€19,296) and Depreciation (+€10,812)
- Tangible fixed assets -€10,812
down €10,812 (-5.7%), from €188,616 to €177,804
- Profit (loss) carried forward +€19,296
up €19,296 (+28.4%), from -€67,911 to -€48,616
- Other debts +€8,187
up €8,187 (+2.8%), from €297,141 to €305,329
- Gross operating margin -€15,425
down €15,425 (-29.7%), from €51,900 to €36,475
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,575 | €321,058 | +€27,483 | +9.4% |
| Fixed assets | 21/28 | €188,616 | €177,804 | -€10,812 | -5.7% |
| Tangible fixed assets | 22/27 | €188,616 | €177,804 | -€10,812 | -5.7% |
| Land and buildings | 22 | €188,616 | €177,804 | -€10,812 | -5.7% |
| Current assets | 29/58 | €104,959 | €143,253 | +€38,294 | +36.5% |
| Amounts receivable within one year | 40/41 | - | €41 | +€41 | |
| Trade receivables | 40 | - | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €100,530 | €138,734 | +€38,204 | +38.0% |
| Deferred charges and accrued income | 490/1 | €4,429 | €4,478 | +€50 | +1.1% |
| Total equity and liabilities | 10/49 | €293,575 | €321,058 | +€27,483 | +9.4% |
| Equity | 10/15 | -€3,566 | €15,729 | +€19,296 | |
| 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 | €2,345 | €2,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,345 | €2,345 | = | 0.0% |
| Legal reserve | 130 | €2,345 | €2,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,911 | -€48,616 | +€19,296 | +28.4% |
| Amounts payable | 17/49 | €297,141 | €305,329 | +€8,187 | +2.8% |
| Amounts payable within one year | 42/48 | €297,141 | €305,329 | +€8,187 | +2.8% |
| Other amounts payable | 47/48 | €297,141 | €305,329 | +€8,187 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,812 | €10,812 | = | 0.0% |
| Other operating charges | 640/8 | €6,132 | €6,318 | +€186 | +3.0% |
| Gross operating margin | 9900 | €51,900 | €36,475 | -€15,425 | -29.7% |
| Operating profit (loss) | 9901 | €34,956 | €19,346 | -€15,611 | -44.7% |
| Financial charges | 65/66B | €29 | €50 | +€22 | +75.4% |
| Recurring financial charges | 65 | €29 | €50 | +€22 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €34,928 | €19,296 | -€15,632 | -44.8% |
| Profit (loss) for the period | 9904 | €34,928 | €19,296 | -€15,632 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,928 | €19,296 | -€15,632 | -44.8% |
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 24 October 2026 via checked.be.