REICO: 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.
REICO
Largest movements
- Tangible fixed assets -€14,671
down €14,671 (-15.6%), from €93,768 to €79,097
of which Plant, machinery and equipment: -€8,350
- Receivables within one year +€6,853
up €6,853 (+28.4%), from €24,108 to €30,961
of which Other amounts receivable: +€6,644
- Stocks and contracts -€6,800
down €6,800 (-77.2%), from €8,804 to €2,004
- Cash +€6,023
up €6,023 (+48.5%), from €12,408 to €18,432
mainly Contributions, distributions and other (+€45,600) and Depreciation (+€14,671)
- Provisions -€45,600
down €45,600 (-91.0%), from €50,135 to €4,535
of which Provisions for liabilities and charges: -€45,000
- Reserves +€43,658
up €43,658 (+66.2%), from €65,990 to €109,648
of which Distributable reserves: +€45,000
- Tax, wage and social debts +€9,936
up €9,936 (+763%), from €1,302 to €11,238
- Current portion of long-term debt -€9,558
down €9,558 (-71.8%), from €13,308 to €3,750
- Debts after one year -€3,750
no longer reported in 2025 (was €3,750)
- Taxes +€20,918
up €20,918, from -€1,110 to €19,808
- Gross operating margin +€15,335
up €15,335 (+52.8%), from €29,035 to €44,370
- Depreciation -€4,121
down €4,121 (-21.9%), from €18,792 to €14,671
- Turnover -€1,784
down €1,784 (-32.8%), from €5,437 to €3,653
- Other operating charges +€1,523
up €1,523 (+15.5%), from €9,800 to €11,323
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 | €165,485 | €156,890 | -€8,595 | -5.2% |
| Fixed assets | 21/28 | €94,158 | €79,487 | -€14,671 | -15.6% |
| Tangible fixed assets | 22/27 | €93,768 | €79,097 | -€14,671 | -15.6% |
| Land and buildings | 22 | €34,705 | €34,705 | = | 0.0% |
| Plant, machinery and equipment | 23 | €41,046 | €32,696 | -€8,350 | -20.3% |
| Furniture and vehicles | 24 | €14,586 | €9,724 | -€4,862 | -33.3% |
| Other tangible fixed assets | 26 | €3,431 | €1,972 | -€1,459 | -42.5% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €71,326 | €77,403 | +€6,076 | +8.5% |
| Stocks and contracts in progress | 3 | €8,804 | €2,004 | -€6,800 | -77.2% |
| Stocks | 30/36 | €8,804 | €2,004 | -€6,800 | -77.2% |
| Amounts receivable within one year | 40/41 | €24,108 | €30,961 | +€6,853 | +28.4% |
| Trade receivables | 40 | €3,168 | €3,377 | +€209 | +6.6% |
| Other amounts receivable | 41 | €20,940 | €27,584 | +€6,644 | +31.7% |
| Current investments | 50/53 | €26,005 | €26,005 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,408 | €18,432 | +€6,023 | +48.5% |
| Total equity and liabilities | 10/49 | €165,485 | €156,890 | -€8,595 | -5.2% |
| Equity | 10/15 | €81,637 | €122,464 | +€40,827 | +50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,990 | €109,648 | +€43,658 | +66.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,580 | €14,238 | -€1,342 | -8.6% |
| Distributable reserves | 133 | €48,550 | €93,550 | +€45,000 | +92.7% |
| Profit (loss) carried forward | 14 | -€2,953 | -€5,784 | -€2,831 | -95.9% |
| Provisions and deferred taxes | 16 | €50,135 | €4,535 | -€45,600 | -91.0% |
| Provisions for liabilities and charges | 160/5 | €45,000 | - | -€45,000 | |
| Other liabilities and charges | 164/5 | €45,000 | - | -€45,000 | |
| Deferred taxes | 168 | €5,135 | €4,535 | -€600 | -11.7% |
| Amounts payable | 17/49 | €33,713 | €29,891 | -€3,822 | -11.3% |
| Amounts payable after more than one year | 17 | €3,750 | - | -€3,750 | |
| Financial debts | 170/4 | €3,750 | - | -€3,750 | |
| Amounts payable within one year | 42/48 | €15,563 | €15,491 | -€72 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €13,308 | €3,750 | -€9,558 | -71.8% |
| Trade debts | 44 | €953 | €503 | -€450 | -47.2% |
| Suppliers | 440/4 | €953 | €503 | -€450 | -47.2% |
| Taxes, remuneration and social security | 45 | €1,302 | €11,238 | +€9,936 | +763% |
| Taxes | 450/3 | €1,302 | €11,238 | +€9,936 | +763% |
| Accrued charges and deferred income | 492/3 | €14,400 | €14,400 | = | 0.0% |
| Turnover | 70 | €5,437 | €3,653 | -€1,784 | -32.8% |
| Non-recurring operating income | 76A | €60,705 | €74,800 | +€14,094 | +23.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,887 | €34,082 | -€805 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,792 | €14,671 | -€4,121 | -21.9% |
| Other operating charges | 640/8 | €9,800 | €11,323 | +€1,523 | +15.5% |
| Gross operating margin | 9900 | €29,035 | €44,370 | +€15,335 | +52.8% |
| Operating profit (loss) | 9901 | €442 | €18,376 | +€17,933 | +4,054% |
| Financial income | 75/76B | €6 | €56 | +€50 | +839% |
| Recurring financial income | 75 | €6 | €56 | +€50 | +839% |
| Financial charges | 65/66B | €3,421 | €3,396 | -€25 | -0.7% |
| Recurring financial charges | 65 | €3,421 | €3,396 | -€25 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,973 | €15,035 | +€18,008 | |
| Transfer from deferred taxes | 780 | €267 | - | -€267 | |
| Income taxes | 67/77 | -€1,110 | €19,808 | +€20,918 | |
| Profit (loss) for the period | 9904 | -€1,596 | -€4,773 | -€3,177 | -199% |
| Transfer from tax-exempt reserves | 789 | €1,942 | €1,942 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €346 | -€2,831 | -€3,177 |
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 20 October 2026 via checked.be.