REFLEXION MANAGEMENT & SERVICES: 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.
REFLEXION MANAGEMENT & SERVICES
Largest movements
- Receivables within one year -€2.1m
down €2.1m (-94.9%), from €2.2m to €112,814
- Contributions -€1.8m
down €1.8m (-90.0%), from €2.0m to €200,000
- Trade debts -€296,320
down €296,320 (-99.1%), from €298,881 to €2,561
- Gross operating margin +€12,166
up €12,166, from -€1,271 to €10,894
- Other operating charges +€2,183
up €2,183 (+74.9%), from €2,913 to €5,096
- Taxes +€373
up €373, from €0 to €373
- Financial charges +€150
up €150 (+450.8%), from €33 to €183
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 | €2,202,011 | €112,977 | -€2.1m | -94.9% |
| Current assets | 29/58 | €2,202,011 | €112,977 | -€2.1m | -94.9% |
| Amounts receivable within one year | 40/41 | €2,201,814 | €112,814 | -€2.1m | -94.9% |
| Other amounts receivable | 41 | €2,201,814 | €112,814 | -€2.1m | -94.9% |
| Cash at bank and in hand | 54/58 | €197 | €163 | -€34 | -17.2% |
| Total equity and liabilities | 10/49 | €2,202,011 | €112,977 | -€2.1m | -94.9% |
| Equity | 10/15 | €1,898,659 | €103,901 | -€1.8m | -94.5% |
| Contributions | 10/11 | €2,000,000 | €200,000 | -€1.8m | -90.0% |
| Capital | 10 | €2,000,000 | €200,000 | -€1.8m | -90.0% |
| Issued capital | 100 | €2,000,000 | €200,000 | -€1.8m | -90.0% |
| Profit (loss) carried forward | 14 | -€101,341 | -€96,099 | +€5,242 | +5.2% |
| Amounts payable | 17/49 | €303,352 | €9,076 | -€294,276 | -97.0% |
| Amounts payable within one year | 42/48 | €303,352 | €9,076 | -€294,276 | -97.0% |
| Trade debts | 44 | €298,881 | €2,561 | -€296,320 | -99.1% |
| Bills of exchange payable | 441 | €298,881 | €2,561 | -€296,320 | -99.1% |
| Taxes, remuneration and social security | 45 | €3,574 | €1,297 | -€2,277 | -63.7% |
| Taxes | 450/3 | €3,574 | €1,297 | -€2,277 | -63.7% |
| Other amounts payable | 47/48 | €898 | €5,219 | +€4,321 | +481.4% |
| Other operating charges | 640/8 | €2,913 | €5,096 | +€2,183 | +74.9% |
| Gross operating margin | 9900 | -€1,271 | €10,894 | +€12,166 | |
| Operating profit (loss) | 9901 | -€4,185 | €5,798 | +€9,983 | |
| Financial charges | 65/66B | €33 | €183 | +€150 | +450.8% |
| Recurring financial charges | 65 | €33 | €183 | +€150 | +450.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,218 | €5,615 | +€9,833 | |
| Income taxes | 67/77 | €0 | €373 | +€373 | |
| Profit (loss) for the period | 9904 | -€4,218 | €5,242 | +€9,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,218 | €5,242 | +€9,460 |
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.