REGINALD CONSULT: 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.
REGINALD CONSULT
Largest movements
- Cash +€128,559
up €128,559 (+53.4%), from €240,778 to €369,337
mainly Depreciation (+€96,781) and Net result for the year (+€50,035)
- Tangible fixed assets -€108,532
down €108,532 (-8.1%), from €1.3m to €1.2m
of which Land and buildings: -€75,903
- Reserves +€51,535
up €51,535 (+6.8%), from €755,572 to €807,108
of which Distributable reserves: +€66,284
- Debts after one year -€20,689
down €20,689 (-27.7%), from €74,559 to €53,869
of which Financial debts: -€20,689
- Gross operating margin +€34,108
up €34,108 (+20.7%), from €164,860 to €198,968
- Taxes -€9,170
down €9,170 (-45.0%), from €20,392 to €11,222
- Financial charges -€3,627
down €3,627 (-12.2%), from €29,616 to €25,989
- Financial income +€2,828
up €2,828 (+257051.8%), from €1 to €2,829
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 | €1,581,627 | €1,603,711 | +€22,083 | +1.4% |
| Fixed assets | 21/28 | €1,337,952 | €1,229,420 | -€108,532 | -8.1% |
| Tangible fixed assets | 22/27 | €1,337,952 | €1,229,420 | -€108,532 | -8.1% |
| Land and buildings | 22 | €1,243,384 | €1,167,481 | -€75,903 | -6.1% |
| Plant, machinery and equipment | 23 | €39,662 | €33,161 | -€6,501 | -16.4% |
| Furniture and vehicles | 24 | €54,906 | €28,778 | -€26,128 | -47.6% |
| Current assets | 29/58 | €243,675 | €374,291 | +€130,616 | +53.6% |
| Cash at bank and in hand | 54/58 | €240,778 | €369,337 | +€128,559 | +53.4% |
| Deferred charges and accrued income | 490/1 | €2,898 | €4,954 | +€2,057 | +71.0% |
| Total equity and liabilities | 10/49 | €1,581,627 | €1,603,711 | +€22,083 | +1.4% |
| Equity | 10/15 | €774,164 | €825,700 | +€51,535 | +6.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €755,572 | €807,108 | +€51,535 | +6.8% |
| Tax-exempt reserves | 132 | €197,688 | €182,940 | -€14,749 | -7.5% |
| Distributable reserves | 133 | €557,884 | €624,168 | +€66,284 | +11.9% |
| Provisions and deferred taxes | 16 | €102,072 | €94,172 | -€7,901 | -7.7% |
| Deferred taxes | 168 | €102,072 | €94,172 | -€7,901 | -7.7% |
| Amounts payable | 17/49 | €705,390 | €683,839 | -€21,551 | -3.1% |
| Amounts payable after more than one year | 17 | €74,559 | €53,869 | -€20,689 | -27.7% |
| Financial debts | 170/4 | €65,559 | €44,869 | -€20,689 | -31.6% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €630,832 | €626,881 | -€3,951 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €20,410 | €20,689 | +€280 | +1.4% |
| Trade debts | 44 | €339 | €4,212 | +€3,872 | +1141.9% |
| Suppliers | 440/4 | €339 | €4,212 | +€3,872 | +1141.9% |
| Taxes, remuneration and social security | 45 | €8,421 | €7,434 | -€987 | -11.7% |
| Taxes | 450/3 | €8,421 | €7,434 | -€987 | -11.7% |
| Other amounts payable | 47/48 | €601,662 | €594,546 | -€7,116 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €3,089 | +€3,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,151 | €96,781 | -€1,370 | -1.4% |
| Other operating charges | 640/8 | €25,148 | €25,670 | +€521 | +2.1% |
| Gross operating margin | 9900 | €164,860 | €198,968 | +€34,108 | +20.7% |
| Operating profit (loss) | 9901 | €41,561 | €76,517 | +€34,957 | +84.1% |
| Financial income | 75/76B | €1 | €2,829 | +€2,828 | +257051.8% |
| Recurring financial income | 75 | €1 | €2,829 | +€2,828 | +257051.8% |
| Financial charges | 65/66B | €29,616 | €25,989 | -€3,627 | -12.2% |
| Recurring financial charges | 65 | €29,616 | €25,989 | -€3,627 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €11,946 | €53,357 | +€41,411 | +346.7% |
| Transfer from deferred taxes | 780 | €7,901 | €7,901 | -€0 | 0.0% |
| Income taxes | 67/77 | €20,392 | €11,222 | -€9,170 | -45.0% |
| Profit (loss) for the period | 9904 | -€545 | €50,035 | +€50,581 | |
| Transfer from tax-exempt reserves | 789 | €14,749 | €14,749 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,203 | €64,784 | +€50,581 | +356.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.