REFLEXION-SHOP: 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-SHOP
Largest movements
- Cash +€15,547
up €15,547 (+114%), from €13,592 to €29,138
mainly Net result for the year (+€35,038) and Depreciation (+€3,181)
- Tangible fixed assets -€2,273
down €2,273 (-31.5%), from €7,209 to €4,936
- Stocks and contracts -€2,118
down €2,118 (-20.6%), from €10,303 to €8,185
- Receivables within one year -€594
down €594 (-60.8%), from €977 to €383
- Profit (loss) carried forward +€35,038
up €35,038 (+85.0%), from -€41,210 to -€6,172
- Other debts -€22,921
down €22,921 (-52.2%), from €43,925 to €21,003
- Debts after one year -€2,558
down €2,558 (-69.8%), from €3,666 to €1,108
- Tax, wage and social debts +€1,063
up €1,063 (+32.0%), from €3,325 to €4,388
- Depreciation +€1,400
up €1,400 (+78.6%), from €1,781 to €3,181
- Gross operating margin -€672
down €672 (-1.7%), from €39,835 to €39,162
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 | €32,080 | €42,642 | +€10,562 | +32.9% |
| Fixed assets | 21/28 | €7,209 | €4,936 | -€2,273 | -31.5% |
| Tangible fixed assets | 22/27 | €7,209 | €4,936 | -€2,273 | -31.5% |
| Furniture and vehicles | 24 | €7,209 | €4,936 | -€2,273 | -31.5% |
| Current assets | 29/58 | €24,871 | €37,706 | +€12,835 | +51.6% |
| Stocks and contracts in progress | 3 | €10,303 | €8,185 | -€2,118 | -20.6% |
| Stocks | 30/36 | €10,303 | €8,185 | -€2,118 | -20.6% |
| Amounts receivable within one year | 40/41 | €977 | €383 | -€594 | -60.8% |
| Other amounts receivable | 41 | €977 | €383 | -€594 | -60.8% |
| Cash at bank and in hand | 54/58 | €13,592 | €29,138 | +€15,547 | +114% |
| Total equity and liabilities | 10/49 | €32,080 | €42,642 | +€10,562 | +32.9% |
| Equity | 10/15 | -€22,610 | €12,428 | +€35,038 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,210 | -€6,172 | +€35,038 | +85.0% |
| Amounts payable | 17/49 | €54,690 | €30,214 | -€24,476 | -44.8% |
| Amounts payable after more than one year | 17 | €3,666 | €1,108 | -€2,558 | -69.8% |
| Financial debts | 170/4 | €3,666 | €1,108 | -€2,558 | -69.8% |
| Amounts payable within one year | 42/48 | €51,024 | €29,106 | -€21,918 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €2,421 | €2,558 | +€137 | +5.7% |
| Trade debts | 44 | €1,353 | €1,157 | -€196 | -14.5% |
| Suppliers | 440/4 | €1,353 | €1,157 | -€196 | -14.5% |
| Taxes, remuneration and social security | 45 | €3,325 | €4,388 | +€1,063 | +32.0% |
| Taxes | 450/3 | €3,325 | €4,388 | +€1,063 | +32.0% |
| Other amounts payable | 47/48 | €43,925 | €21,003 | -€22,921 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €3,181 | +€1,400 | +78.6% |
| Other operating charges | 640/8 | €578 | €194 | -€384 | -66.5% |
| Gross operating margin | 9900 | €39,835 | €39,162 | -€672 | -1.7% |
| Operating profit (loss) | 9901 | €37,475 | €35,788 | -€1,688 | -4.5% |
| Financial income | 75/76B | €198 | €0 | -€198 | -99.9% |
| Recurring financial income | 75 | €198 | €0 | -€198 | -99.9% |
| Financial charges | 65/66B | €597 | €574 | -€24 | -3.9% |
| Recurring financial charges | 65 | €597 | €574 | -€24 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €37,076 | €35,214 | -€1,862 | -5.0% |
| Income taxes | 67/77 | €104 | €176 | +€72 | +69.6% |
| Profit (loss) for the period | 9904 | €36,972 | €35,038 | -€1,934 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,972 | €35,038 | -€1,934 | -5.2% |
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 13 October 2026 via checked.be.