REFORMANOVA: 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.
REFORMANOVA
Largest movements
- Receivables within one year +€11,715
up €11,715 (+42.5%), from €27,532 to €39,247
of which Trade receivables: +€11,649
- Cash -€2,041
down €2,041 (-89.0%), from €2,294 to €253
mainly Receivables within one year (-€11,715)
- Trade debts +€4,842
up €4,842 (+781.1%), from €620 to €5,462
- Profit (loss) carried forward +€2,364
up €2,364 (+24.4%), from €9,698 to €12,062
- Other debts +€2,242
new in 2025: €2,242
- Depreciation -€379
no longer reported in 2025 (was €379)
- Other operating charges -€245
down €245 (-38.7%), from €632 to €387
- Gross operating margin -€212
down €212 (-5.3%), from €4,005 to €3,793
- Taxes +€62
up €62 (+7.5%), from €830 to €892
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 | €29,826 | €39,500 | +€9,674 | +32.4% |
| Current assets | 29/58 | €29,826 | €39,500 | +€9,674 | +32.4% |
| Amounts receivable within one year | 40/41 | €27,532 | €39,247 | +€11,715 | +42.5% |
| Trade receivables | 40 | €26,995 | €38,644 | +€11,649 | +43.2% |
| Other amounts receivable | 41 | €537 | €603 | +€65 | +12.2% |
| Cash at bank and in hand | 54/58 | €2,294 | €253 | -€2,041 | -89.0% |
| Total equity and liabilities | 10/49 | €29,826 | €39,500 | +€9,674 | +32.4% |
| Equity | 10/15 | €28,540 | €30,903 | +€2,364 | +8.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,842 | €8,842 | = | 0.0% |
| Distributable reserves | 133 | €8,842 | €8,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,698 | €12,062 | +€2,364 | +24.4% |
| Amounts payable | 17/49 | €1,286 | €8,596 | +€7,310 | +568.5% |
| Amounts payable within one year | 42/48 | €1,286 | €8,596 | +€7,310 | +568.5% |
| Trade debts | 44 | €620 | €5,462 | +€4,842 | +781.1% |
| Suppliers | 440/4 | €620 | €5,462 | +€4,842 | +781.1% |
| Taxes, remuneration and social security | 45 | €666 | €892 | +€226 | +34.0% |
| Taxes | 450/3 | €666 | €892 | +€226 | +34.0% |
| Other amounts payable | 47/48 | - | €2,242 | +€2,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €379 | - | -€379 | |
| Other operating charges | 640/8 | €632 | €387 | -€245 | -38.7% |
| Gross operating margin | 9900 | €4,005 | €3,793 | -€212 | -5.3% |
| Operating profit (loss) | 9901 | €2,994 | €3,406 | +€411 | +13.7% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €127 | €150 | +€23 | +17.9% |
| Recurring financial charges | 65 | €127 | €150 | +€23 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €2,872 | €3,256 | +€384 | +13.4% |
| Income taxes | 67/77 | €830 | €892 | +€62 | +7.5% |
| Profit (loss) for the period | 9904 | €2,042 | €2,364 | +€322 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,042 | €2,364 | +€322 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.