reINA: 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.
reINA
Largest movements
- Cash +€694,307
up €694,307 (+36.8%), from €1.9m to €2.6m
mainly Trade debts (+€628,316) and Net result for the year (+€414,090)
- Receivables within one year +€168,388
up €168,388 (+740%), from €22,765 to €191,153
of which Other amounts receivable: +€180,063
- Receivables after one year +€42,594
up €42,594 (+23.5%), from €181,062 to €223,655
- Trade debts +€628,316
up €628,316 (+270%), from €233,055 to €861,370
- Reserves +€414,090
up €414,090 (+23.6%), from €1.8m to €2.2m
of which Distributable reserves: +€414,090
- Tax, wage and social debts -€168,888
down €168,888 (-49.3%), from €342,786 to €173,897
of which Taxes: -€115,988
- Staff costs -€513,030
down €513,030, from €460,130 to -€52,900
- Taxes +€119,572
up €119,572 (+217%), from €55,186 to €174,757
- Write-downs +€50,000
new in 2025: €50,000
- Financial charges +€37,434
up €37,434 (+135%), from €27,669 to €65,103
- Other operating charges -€8,491
down €8,491 (-49.4%), from €17,174 to €8,683
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 | €2,348,762 | €3,222,280 | +€873,518 | +37.2% |
| Fixed assets | 21/28 | €241,775 | €216,584 | -€25,191 | -10.4% |
| Tangible fixed assets | 22/27 | €69,157 | €43,966 | -€25,191 | -36.4% |
| Plant, machinery and equipment | 23 | €649 | €0 | -€649 | -100% |
| Furniture and vehicles | 24 | €68,508 | €43,966 | -€24,542 | -35.8% |
| Financial fixed assets | 28 | €172,618 | €172,618 | = | 0.0% |
| Current assets | 29/58 | €2,106,988 | €3,005,696 | +€898,709 | +42.7% |
| Amounts receivable after more than one year | 29 | €181,062 | €223,655 | +€42,594 | +23.5% |
| Other amounts receivable | 291 | €181,062 | €223,655 | +€42,594 | +23.5% |
| Amounts receivable within one year | 40/41 | €22,765 | €191,153 | +€168,388 | +740% |
| Trade receivables | 40 | €20,750 | €9,075 | -€11,675 | -56.3% |
| Other amounts receivable | 41 | €2,015 | €182,078 | +€180,063 | +8,936% |
| Cash at bank and in hand | 54/58 | €1,888,233 | €2,582,540 | +€694,307 | +36.8% |
| Deferred charges and accrued income | 490/1 | €14,928 | €8,348 | -€6,580 | -44.1% |
| Total equity and liabilities | 10/49 | €2,348,762 | €3,222,280 | +€873,518 | +37.2% |
| Equity | 10/15 | €1,772,922 | €2,187,012 | +€414,090 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,754,322 | €2,168,412 | +€414,090 | +23.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,752,462 | €2,166,552 | +€414,090 | +23.6% |
| Amounts payable | 17/49 | €575,840 | €1,035,268 | +€459,428 | +79.8% |
| Amounts payable within one year | 42/48 | €575,840 | €1,035,268 | +€459,428 | +79.8% |
| Trade debts | 44 | €233,055 | €861,370 | +€628,316 | +270% |
| Suppliers | 440/4 | €233,055 | €861,370 | +€628,316 | +270% |
| Taxes, remuneration and social security | 45 | €342,786 | €173,897 | -€168,888 | -49.3% |
| Taxes | 450/3 | €289,885 | €173,897 | -€115,988 | -40.0% |
| Remuneration and social security | 454/9 | €52,900 | €0 | -€52,900 | -100% |
| Non-recurring operating income | 76A | €30,519 | €275,903 | +€245,384 | +804% |
| Remuneration, social security and pensions | 62 | €460,130 | -€52,900 | -€513,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,262 | €25,191 | +€4,929 | +24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €17,174 | €8,683 | -€8,491 | -49.4% |
| Gross operating margin | 9900 | €680,337 | €678,297 | -€2,040 | -0.3% |
| Operating profit (loss) | 9901 | €182,772 | €647,323 | +€464,552 | +254% |
| Financial income | 75/76B | €5,328 | €6,627 | +€1,299 | +24.4% |
| Recurring financial income | 75 | €5,328 | €6,627 | +€1,299 | +24.4% |
| Financial charges | 65/66B | €27,669 | €65,103 | +€37,434 | +135% |
| Recurring financial charges | 65 | €27,669 | €65,103 | +€37,434 | +135% |
| Profit (loss) for the period before taxes | 9903 | €160,431 | €588,847 | +€428,416 | +267% |
| Income taxes | 67/77 | €55,186 | €174,757 | +€119,572 | +217% |
| Profit (loss) for the period | 9904 | €105,246 | €414,090 | +€308,844 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €105,246 | €414,090 | +€308,844 | +293% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.