REINA A: 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 A
Largest movements
- Receivables within one year -€21,401
down €21,401 (-53.0%), from €40,406 to €19,005
of which Trade receivables: -€21,401
- Cash +€21,367
up €21,367 (+33.5%), from €63,697 to €85,064
mainly Receivables within one year (+€21,401) and Tax, wage and social debts (+€11,936)
- Tangible fixed assets -€6,245
down €6,245 (-26.8%), from €23,300 to €17,055
of which Furniture and vehicles: -€7,099
- Profit (loss) carried forward -€16,876
down €16,876 (-49.7%), from -€33,942 to -€50,818
- Tax, wage and social debts +€11,936
up €11,936 (+38.4%), from €31,047 to €42,983
of which Remuneration and social security: +€11,456
- Other debts -€1,721
down €1,721 (-25.2%), from €6,830 to €5,109
- Gross operating margin -€26,876
down €26,876, from €22,024 to -€4,852
- Financial charges +€803
up €803 (+423%), from €190 to €993
- Staff costs +€632
up €632 (+26.8%), from €2,360 to €2,992
- Depreciation -€297
down €297 (-3.7%), from €8,019 to €7,722
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 | €128,860 | €121,502 | -€7,358 | -5.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €23,462 | €17,217 | -€6,245 | -26.6% |
| Tangible fixed assets | 22/27 | €23,300 | €17,055 | -€6,245 | -26.8% |
| Plant, machinery and equipment | 23 | €862 | €1,716 | +€854 | +99.1% |
| Furniture and vehicles | 24 | €22,438 | €15,339 | -€7,099 | -31.6% |
| Financial fixed assets | 28 | €162 | €162 | = | 0.0% |
| Current assets | 29/58 | €105,398 | €104,285 | -€1,113 | -1.1% |
| Amounts receivable within one year | 40/41 | €40,406 | €19,005 | -€21,401 | -53.0% |
| Trade receivables | 40 | €39,634 | €18,233 | -€21,401 | -54.0% |
| Other amounts receivable | 41 | €772 | €772 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,697 | €85,064 | +€21,367 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,295 | €216 | -€1,079 | -83.3% |
| Total equity and liabilities | 10/49 | €128,860 | €121,502 | -€7,358 | -5.7% |
| Equity | 10/15 | €88,436 | €71,560 | -€16,876 | -19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,178 | €116,178 | = | 0.0% |
| Distributable reserves | 133 | €116,178 | €116,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,942 | -€50,818 | -€16,876 | -49.7% |
| Amounts payable | 17/49 | €40,424 | €49,942 | +€9,518 | +23.5% |
| Amounts payable within one year | 42/48 | €38,588 | €48,092 | +€9,504 | +24.6% |
| Trade debts | 44 | €711 | - | -€711 | |
| Suppliers | 440/4 | €711 | - | -€711 | |
| Taxes, remuneration and social security | 45 | €31,047 | €42,983 | +€11,936 | +38.4% |
| Taxes | 450/3 | €157 | €637 | +€480 | +306% |
| Remuneration and social security | 454/9 | €30,890 | €42,346 | +€11,456 | +37.1% |
| Other amounts payable | 47/48 | €6,830 | €5,109 | -€1,721 | -25.2% |
| Accrued charges and deferred income | 492/3 | €1,836 | €1,850 | +€14 | +0.8% |
| Remuneration, social security and pensions | 62 | €2,360 | €2,992 | +€632 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,019 | €7,722 | -€297 | -3.7% |
| Other operating charges | 640/8 | €534 | €568 | +€34 | +6.4% |
| Gross operating margin | 9900 | €22,024 | -€4,852 | -€26,876 | |
| Operating profit (loss) | 9901 | €11,111 | -€16,134 | -€27,245 | |
| Financial income | 75/76B | €570 | €392 | -€178 | -31.2% |
| Recurring financial income | 75 | €570 | €392 | -€178 | -31.2% |
| Financial charges | 65/66B | €190 | €993 | +€803 | +423% |
| Recurring financial charges | 65 | €190 | €993 | +€803 | +423% |
| Profit (loss) for the period before taxes | 9903 | €11,491 | -€16,735 | -€28,226 | |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.2% |
| Profit (loss) for the period | 9904 | €11,363 | -€16,876 | -€28,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,363 | -€16,876 | -€28,239 |
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 14 October 2026 via checked.be.