REIFF: 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.
What changed
REIFF
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€636,348
2024 · €528,968+€107,380
Equity
€2.0m
2024 · €1.8m+€152,373
Cash
€529,014
2024 · €3,379+€525,635
Balance sheet total
€5.5m
2024 · €6.0m-€472,846
Largest movements
Assets
- Stocks and contracts -€919,677
down €919,677 (-47.1%), from €2.0m to €1.0m
- Cash +€525,635
up €525,635 (+15555.9%), from €3,379 to €529,014
mainly Stocks and contracts (+€919,677) and Net result for the year (+€636,348)
- Tangible fixed assets -€131,081
down €131,081 (-3.8%), from €3.4m to €3.3m
of which Land and buildings: -€180,394
Equity and liabilities
- Other debts -€711,826
down €711,826 (-59.7%), from €1.2m to €480,000
- Trade debts +€441,165
up €441,165 (+59.1%), from €746,308 to €1.2m
- Debts after one year -€329,600
down €329,600 (-26.2%), from €1.3m to €930,000
of which Financial debts: -€310,000
- Reserves +€190,000
up €190,000 (+11.4%), from €1.7m to €1.9m
of which Distributable reserves: +€190,000
- Accrued charges and deferred income -€80,672
down €80,672 (-39.6%), from €203,476 to €122,804
Income statement
- Gross operating margin +€288,332
up €288,332 (+12.2%), from €2.4m to €2.6m
- Taxes +€84,470
up €84,470 (+81.5%), from €103,626 to €188,096
- Other operating charges +€71,329
up €71,329 (+164.4%), from €43,390 to €114,719
- Staff costs +€33,781
up €33,781 (+2.9%), from €1.2m to €1.2m
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.
Result 2024
€528,968
Gross operating margin
+€288,332
Staff costs
-€33,781
Depreciation
+€24,588
Write-downs
-€3,721
Provisions
-€20,000
Other operating charges
-€71,329
Financial income
+€69
Financial charges
+€7,694
Other financial items
-€1
Taxes
-€84,470
Result 2025
€636,348
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.
From operations
+€1.6m
Investment
-€226,190
Financing
-€813,575
Cash 2024
€3,379
From operations (derived)
+€1.6m
Net result for the year
+€636,348
Depreciation
+€357,271
Stocks and contracts
+€919,677
Receivables within one year
-€47,504
Deferred charges and accrued income
-€4,773
Trade debts
+€441,165
Tax, wage and social debts
+€40,134
Advances received
+€15,580
Other debts
-€711,826
Accrued charges and deferred income
-€80,672
Investment (derived)
-€226,190
Investment in fixed assets (net)
-€226,190
Financing
-€813,575
Debts after one year
-€329,600
Current portion of long-term debt
-€0
Contributions, distributions and other
-€483,976
Not broken down
-€1
Cash 2025
€529,014
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,963,033 | €5,490,187 | -€472,846 | -7.9% |
| Fixed assets | 21/28 | €3,426,683 | €3,295,602 | -€131,081 | -3.8% |
| Tangible fixed assets | 22/27 | €3,421,539 | €3,290,458 | -€131,081 | -3.8% |
| Land and buildings | 22 | €2,775,793 | €2,595,399 | -€180,394 | -6.5% |
| Plant, machinery and equipment | 23 | €110,342 | €60,773 | -€49,569 | -44.9% |
| Furniture and vehicles | 24 | €535,404 | €634,286 | +€98,882 | +18.5% |
| Financial fixed assets | 28 | €5,145 | €5,145 | -€0 | 0.0% |
| Current assets | 29/58 | €2,536,350 | €2,194,584 | -€341,766 | -13.5% |
| Stocks and contracts in progress | 3 | €1,954,178 | €1,034,501 | -€919,677 | -47.1% |
| Stocks | 30/36 | €1,954,178 | €1,034,501 | -€919,677 | -47.1% |
| Amounts receivable within one year | 40/41 | €541,739 | €589,243 | +€47,504 | +8.8% |
| Trade receivables | 40 | €478,504 | €588,798 | +€110,294 | +23.0% |
| Other amounts receivable | 41 | €63,235 | €445 | -€62,790 | -99.3% |
| Cash at bank and in hand | 54/58 | €3,379 | €529,014 | +€525,635 | +15555.9% |
| Deferred charges and accrued income | 490/1 | €37,054 | €41,827 | +€4,773 | +12.9% |
| Total equity and liabilities | 10/49 | €5,963,033 | €5,490,187 | -€472,846 | -7.9% |
| Equity | 10/15 | €1,838,132 | €1,990,505 | +€152,373 | +8.3% |
| Contributions | 10/11 | €71,202 | €71,202 | +€0 | 0.0% |
| Capital | 10 | €71,202 | €71,202 | +€0 | 0.0% |
| Issued capital | 100 | €71,202 | €71,202 | +€0 | 0.0% |
| Reserves | 13 | €1,667,568 | €1,857,568 | +€190,000 | +11.4% |
| Non-distributable reserves | 130/1 | €31,152 | €31,152 | -€0 | 0.0% |
| Legal reserve | 130 | €31,152 | €31,152 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €5,362 | €5,362 | +€0 | 0.0% |
| Distributable reserves | 133 | €1,631,054 | €1,821,054 | +€190,000 | +11.6% |
| Profit (loss) carried forward | 14 | €37,947 | €4,296 | -€33,651 | -88.7% |
| Investment grants | 15 | €61,415 | €57,439 | -€3,976 | -6.5% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,114,901 | €3,489,682 | -€625,219 | -15.2% |
| Amounts payable after more than one year | 17 | €1,259,600 | €930,000 | -€329,600 | -26.2% |
| Financial debts | 170/4 | €1,240,000 | €930,000 | -€310,000 | -25.0% |
| Other amounts payable | 178/9 | €19,600 | €0 | -€19,600 | -100.0% |
| Amounts payable within one year | 42/48 | €2,651,825 | €2,436,878 | -€214,947 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €310,000 | €310,000 | -€0 | 0.0% |
| Trade debts | 44 | €746,308 | €1,187,473 | +€441,165 | +59.1% |
| Suppliers | 440/4 | €746,308 | €1,187,473 | +€441,165 | +59.1% |
| Advances received on contracts in progress | 46 | €12,810 | €28,390 | +€15,580 | +121.6% |
| Taxes, remuneration and social security | 45 | €390,881 | €431,015 | +€40,134 | +10.3% |
| Taxes | 450/3 | €199,854 | €278,618 | +€78,764 | +39.4% |
| Remuneration and social security | 454/9 | €191,027 | €152,398 | -€38,630 | -20.2% |
| Other amounts payable | 47/48 | €1,191,826 | €480,000 | -€711,826 | -59.7% |
| Accrued charges and deferred income | 492/3 | €203,476 | €122,804 | -€80,672 | -39.6% |
| Remuneration, social security and pensions | 62 | €1,169,966 | €1,203,747 | +€33,781 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,859 | €357,271 | -€24,588 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,452 | €269 | +€3,721 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | €0 | +€20,000 | |
| Other operating charges | 640/8 | €43,390 | €114,719 | +€71,329 | +164.4% |
| Gross operating margin | 9900 | €2,357,279 | €2,645,611 | +€288,332 | +12.2% |
| Operating profit (loss) | 9901 | €785,516 | €969,605 | +€184,089 | +23.4% |
| Financial income | 75/76B | €5,931 | €6,000 | +€69 | +1.2% |
| Recurring financial income | 75 | €5,931 | €6,000 | +€69 | +1.2% |
| Financial charges | 65/66B | €158,854 | €151,160 | -€7,694 | -4.8% |
| Recurring financial charges | 65 | €158,854 | €151,160 | -€7,694 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €632,594 | €824,444 | +€191,850 | +30.3% |
| Income taxes | 67/77 | €103,626 | €188,096 | +€84,470 | +81.5% |
| Profit (loss) for the period | 9904 | €528,968 | €636,348 | +€107,380 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €528,968 | €636,348 | +€107,380 | +20.3% |
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 4 October 2026 via checked.be.