REIN-TRADE: what changed
REIN-TRADE
Largest movements
- Receivables within one year -€46,012
down €46,012 (-21.4%), from €214,655 to €168,643
of which Trade receivables: -€39,760
- Tangible fixed assets -€27,380
down €27,380 (-59.0%), from €46,383 to €19,004
- Cash -€16,800
down €16,800 (-93.8%), from €17,906 to €1,106
mainly Trade debts (-€58,933) and Debts after one year (-€32,250)
- Deferred charges and accrued income +€5,037
up €5,037 (+916%), from €550 to €5,587
- Trade debts -€58,933
down €58,933 (-48.3%), from €122,116 to €63,183
- Debts after one year -€32,250
down €32,250 (-100%), from €32,250 to €0
- Tax, wage and social debts +€13,019
up €13,019 (+107%), from €12,218 to €25,237
of which Taxes: +€7,284
- Current portion of long-term debt -€10,750
down €10,750 (-25.0%), from €43,000 to €32,250
- Reserves +€3,758
up €3,758 (+4.8%), from €78,888 to €82,647
- Staff costs +€8,839
up €8,839 (+14.4%), from €61,524 to €70,363
- Gross operating margin +€4,765
up €4,765 (+4.7%), from €101,026 to €105,790
- Other operating charges +€3,129
up €3,129 (+609%), from €513 to €3,642
- Financial income +€1,891
up €1,891 (+63.8%), from €2,964 to €4,855
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,972 | €206,816 | -€85,156 | -29.2% |
| Fixed assets | 21/28 | €46,383 | €19,004 | -€27,380 | -59.0% |
| Tangible fixed assets | 22/27 | €46,383 | €19,004 | -€27,380 | -59.0% |
| Furniture and vehicles | 24 | €46,383 | €19,004 | -€27,380 | -59.0% |
| Current assets | 29/58 | €245,588 | €187,813 | -€57,776 | -23.5% |
| Stocks and contracts in progress | 3 | €12,478 | €12,478 | = | 0.0% |
| Stocks | 30/36 | €12,478 | €12,478 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €214,655 | €168,643 | -€46,012 | -21.4% |
| Trade receivables | 40 | €84,878 | €45,118 | -€39,760 | -46.8% |
| Other amounts receivable | 41 | €129,777 | €123,525 | -€6,252 | -4.8% |
| Cash at bank and in hand | 54/58 | €17,906 | €1,106 | -€16,800 | -93.8% |
| Deferred charges and accrued income | 490/1 | €550 | €5,587 | +€5,037 | +916% |
| Total equity and liabilities | 10/49 | €291,972 | €206,816 | -€85,156 | -29.2% |
| Equity | 10/15 | €82,388 | €86,147 | +€3,758 | +4.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €78,888 | €82,647 | +€3,758 | +4.8% |
| Distributable reserves | 133 | €78,888 | €82,647 | +€3,758 | +4.8% |
| Amounts payable | 17/49 | €209,583 | €120,669 | -€88,914 | -42.4% |
| Amounts payable after more than one year | 17 | €32,250 | €0 | -€32,250 | -100% |
| Financial debts | 170/4 | €32,250 | €0 | -€32,250 | -100% |
| Amounts payable within one year | 42/48 | €177,334 | €120,669 | -€56,664 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €43,000 | €32,250 | -€10,750 | -25.0% |
| Trade debts | 44 | €122,116 | €63,183 | -€58,933 | -48.3% |
| Suppliers | 440/4 | €122,116 | €63,183 | -€58,933 | -48.3% |
| Taxes, remuneration and social security | 45 | €12,218 | €25,237 | +€13,019 | +107% |
| Taxes | 450/3 | €2,611 | €9,895 | +€7,284 | +279% |
| Remuneration and social security | 454/9 | €9,606 | €15,342 | +€5,735 | +59.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €61,524 | €70,363 | +€8,839 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,380 | €27,380 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €3,642 | +€3,129 | +609% |
| Gross operating margin | 9900 | €101,026 | €105,790 | +€4,765 | +4.7% |
| Operating profit (loss) | 9901 | €11,609 | €4,405 | -€7,203 | -62.1% |
| Financial income | 75/76B | €2,964 | €4,855 | +€1,891 | +63.8% |
| Recurring financial income | 75 | €2,964 | €4,855 | +€1,891 | +63.8% |
| Financial charges | 65/66B | €2,052 | €2,756 | +€704 | +34.3% |
| Recurring financial charges | 65 | €2,052 | €2,756 | +€704 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €12,521 | €6,505 | -€6,016 | -48.0% |
| Income taxes | 67/77 | €2,611 | €2,746 | +€135 | +5.2% |
| Profit (loss) for the period | 9904 | €9,909 | €3,758 | -€6,151 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,909 | €3,758 | -€6,151 | -62.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.