REI: 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.
REI
Largest movements
- Receivables after one year +€188,762
new in 2022: €188,762
- Cash -€45,462
down €45,462 (-78.9%), from €57,604 to €12,142
mainly Receivables after one year (-€188,762) and Investment in fixed assets (net) (-€31,153)
- Tangible fixed assets +€23,362
up €23,362 (+5061.7%), from €462 to €23,823
of which Furniture and vehicles: +€22,593
- Deferred charges and accrued income +€7,091
new in 2022: €7,091
- Receivables within one year +€3,417
up €3,417 (+27.2%), from €12,577 to €15,994
of which Trade receivables: +€5,846
- Reserves +€98,634
up €98,634 (+9239.1%), from €1,068 to €99,702
of which Distributable reserves: +€98,634
- Tax, wage and social debts +€58,550
up €58,550 (+710.3%), from €8,243 to €66,793
- Debts after one year +€15,000
up €15,000 (+100.0%), from €15,000 to €30,000
of which Other amounts payable: +€30,000
- Trade debts +€4,740
up €4,740 (+26.3%), from €18,044 to €22,783
- Turnover -€157,395
no longer reported in 2022 (was €157,395)
- Gross operating margin +€133,463
up €133,463 (+405.7%), from €32,898 to €166,361
- Purchases and services -€126,547
no longer reported in 2022 (was €126,547)
- Taxes +€47,650
up €47,650 (+635.3%), from €7,500 to €55,150
- Other operating charges +€7,389
up €7,389 (+367.0%), from €2,013 to €9,402
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,843 | €259,762 | +€178,919 | +221.3% |
| Fixed assets | 21/28 | €10,662 | €34,023 | +€23,362 | +219.1% |
| Tangible fixed assets | 22/27 | €462 | €23,823 | +€23,362 | +5061.7% |
| Plant, machinery and equipment | 23 | - | €769 | +€769 | |
| Furniture and vehicles | 24 | €462 | €23,055 | +€22,593 | +4895.2% |
| Financial fixed assets | 28 | €10,200 | €10,200 | = | 0.0% |
| Current assets | 29/58 | €70,181 | €225,738 | +€155,557 | +221.7% |
| Amounts receivable after more than one year | 29 | - | €188,762 | +€188,762 | |
| Other amounts receivable | 291 | - | €188,762 | +€188,762 | |
| Stocks and contracts in progress | 3 | - | €1,750 | +€1,750 | |
| Stocks | 30/36 | - | €1,750 | +€1,750 | |
| Amounts receivable within one year | 40/41 | €12,577 | €15,994 | +€3,417 | +27.2% |
| Trade receivables | 40 | €10,148 | €15,994 | +€5,846 | +57.6% |
| Other amounts receivable | 41 | €2,429 | - | -€2,429 | |
| Cash at bank and in hand | 54/58 | €57,604 | €12,142 | -€45,462 | -78.9% |
| Deferred charges and accrued income | 490/1 | - | €7,091 | +€7,091 | |
| Total equity and liabilities | 10/49 | €80,843 | €259,762 | +€178,919 | +221.3% |
| Equity | 10/15 | €37,724 | €136,359 | +€98,634 | +261.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,068 | €99,702 | +€98,634 | +9239.1% |
| Non-distributable reserves | 130/1 | €1,068 | €1,068 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,068 | €1,068 | = | 0.0% |
| Distributable reserves | 133 | - | €98,634 | +€98,634 | |
| Profit (loss) carried forward | 14 | €30,457 | €30,457 | = | 0.0% |
| Amounts payable | 17/49 | €43,118 | €123,403 | +€80,285 | +186.2% |
| Amounts payable after more than one year | 17 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Other amounts payable | 178/9 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €28,118 | €93,403 | +€65,285 | +232.2% |
| Trade debts | 44 | €18,044 | €22,783 | +€4,740 | +26.3% |
| Suppliers | 440/4 | €18,044 | €22,783 | +€4,740 | +26.3% |
| Taxes, remuneration and social security | 45 | €8,243 | €66,793 | +€58,550 | +710.3% |
| Taxes | 450/3 | €8,243 | €66,793 | +€58,550 | +710.3% |
| Other amounts payable | 47/48 | €1,831 | €3,826 | +€1,995 | +108.9% |
| Turnover | 70 | €157,395 | - | -€157,395 | |
| Non-recurring operating income | 76A | €2,050 | - | -€2,050 | |
| Goods, raw materials, services and sundry goods | 60/61 | €126,547 | - | -€126,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €7,791 | +€6,663 | +590.7% |
| Other operating charges | 640/8 | €2,013 | €9,402 | +€7,389 | +367.0% |
| Non-recurring operating charges | 66A | €810 | - | -€810 | |
| Gross operating margin | 9900 | €32,898 | €166,361 | +€133,463 | +405.7% |
| Operating profit (loss) | 9901 | €28,946 | €149,168 | +€120,222 | +415.3% |
| Financial income | 75/76B | - | €6,296 | +€6,296 | |
| Recurring financial income | 75 | - | €6,296 | +€6,296 | |
| Financial charges | 65/66B | €135 | €1,679 | +€1,544 | +1145.0% |
| Recurring financial charges | 65 | €135 | €1,679 | +€1,544 | +1145.0% |
| Profit (loss) for the period before taxes | 9903 | €28,811 | €153,785 | +€124,974 | +433.8% |
| Income taxes | 67/77 | €7,500 | €55,150 | +€47,650 | +635.3% |
| Profit (loss) for the period | 9904 | €21,311 | €98,634 | +€77,323 | +362.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,311 | €98,634 | +€77,323 | +362.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.