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 +€90,314
up €90,314 (+97.6%), from €92,509 to €182,823
of which Furniture and vehicles: +€93,197
- Cash +€14,635
up €14,635 (+6.5%), from €223,496 to €238,131
mainly Net result for the year (+€69,840) and Debts after one year (+€44,918)
- Reserves +€54,417
up €54,417 (+23.9%), from €227,823 to €282,240
- Debts after one year +€44,918
up €44,918 (+54.3%), from €82,719 to €127,637
- Current portion of long-term debt +€13,572
up €13,572 (+219%), from €6,204 to €19,776
- Tax, wage and social debts -€5,125
down €5,125 (-33.7%), from €15,225 to €10,100
of which Taxes: -€2,606
- Gross operating margin +€27,452
up €27,452 (+29.8%), from €92,015 to €119,467
- Depreciation +€10,103
up €10,103 (+90.5%), from €11,165 to €21,268
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 | €333,271 | €443,421 | +€110,150 | +33.1% |
| Fixed assets | 21/28 | €92,509 | €182,823 | +€90,314 | +97.6% |
| Tangible fixed assets | 22/27 | €92,509 | €182,823 | +€90,314 | +97.6% |
| Land and buildings | 22 | €83,008 | €74,193 | -€8,815 | -10.6% |
| Plant, machinery and equipment | 23 | €5,516 | €11,447 | +€5,931 | +108% |
| Furniture and vehicles | 24 | €3,985 | €97,183 | +€93,197 | +2,338% |
| Current assets | 29/58 | €240,762 | €260,598 | +€19,836 | +8.2% |
| Amounts receivable within one year | 40/41 | €16,433 | €19,558 | +€3,125 | +19.0% |
| Trade receivables | 40 | €16,353 | €19,558 | +€3,204 | +19.6% |
| Other amounts receivable | 41 | €80 | - | -€80 | |
| Cash at bank and in hand | 54/58 | €223,496 | €238,131 | +€14,635 | +6.5% |
| Deferred charges and accrued income | 490/1 | €834 | €2,910 | +€2,076 | +249% |
| Total equity and liabilities | 10/49 | €333,271 | €443,421 | +€110,150 | +33.1% |
| Equity | 10/15 | €227,823 | €282,240 | +€54,417 | +23.9% |
| Reserves | 13 | €227,823 | €282,240 | +€54,417 | +23.9% |
| Distributable reserves | 133 | €227,823 | €282,240 | +€54,417 | +23.9% |
| Amounts payable | 17/49 | €105,448 | €161,181 | +€55,732 | +52.9% |
| Amounts payable after more than one year | 17 | €82,719 | €127,637 | +€44,918 | +54.3% |
| Financial debts | 170/4 | €82,719 | €127,637 | +€44,918 | +54.3% |
| Amounts payable within one year | 42/48 | €22,730 | €33,543 | +€10,814 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €6,204 | €19,776 | +€13,572 | +219% |
| Trade debts | 44 | €1,301 | €2,422 | +€1,121 | +86.2% |
| Suppliers | 440/4 | €1,301 | €2,422 | +€1,121 | +86.2% |
| Taxes, remuneration and social security | 45 | €15,225 | €10,100 | -€5,125 | -33.7% |
| Taxes | 450/3 | €12,706 | €10,100 | -€2,606 | -20.5% |
| Remuneration and social security | 454/9 | €2,519 | - | -€2,519 | |
| Other amounts payable | 47/48 | - | €1,246 | +€1,246 | |
| Non-recurring operating income | 76A | - | €11,230 | +€11,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,165 | €21,268 | +€10,103 | +90.5% |
| Other operating charges | 640/8 | €1,150 | €724 | -€427 | -37.1% |
| Gross operating margin | 9900 | €92,015 | €119,467 | +€27,452 | +29.8% |
| Operating profit (loss) | 9901 | €79,700 | €97,475 | +€17,776 | +22.3% |
| Financial income | 75/76B | €195 | - | -€195 | |
| Recurring financial income | 75 | €195 | - | -€195 | |
| Financial charges | 65/66B | €4,579 | €5,498 | +€918 | +20.1% |
| Recurring financial charges | 65 | €4,579 | €5,498 | +€918 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €75,315 | €91,978 | +€16,663 | +22.1% |
| Income taxes | 67/77 | €22,394 | €22,138 | -€257 | -1.1% |
| Profit (loss) for the period | 9904 | €52,921 | €69,840 | +€16,919 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,921 | €69,840 | +€16,919 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.