Reinaart: what changed
Reinaart
Largest movements
- Receivables within one year +€50,000
up €50,000 (+125%), from €40,000 to €90,000
- Tangible fixed assets -€12,711
down €12,711 (-5.0%), from €256,086 to €243,375
of which Land and buildings: -€10,180
- Cash -€12,708
down €12,708 (-57.7%), from €22,019 to €9,310
mainly Other debts (-€57,000) and Receivables within one year (-€50,000)
- Other debts -€57,000
down €57,000 (-81.1%), from €70,300 to €13,300
- Profit (loss) carried forward +€41,407
up €41,407 (+52.3%), from €79,192 to €120,599
- Trade debts +€33,928
up €33,928 (+25.4%), from €133,341 to €167,269
- Tax, wage and social debts +€6,301
new in 2025: €6,301
- Gross operating margin +€53,410
up €53,410 (+436%), from €12,255 to €65,665
- Taxes +€6,085
up €6,085 (+2,814%), from €216 to €6,301
- Depreciation -€5,188
down €5,188 (-29.0%), from €17,899 to €12,711
- Financial income -€721
no longer reported in 2025 (was €721)
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,104 | €342,685 | +€24,581 | +7.7% |
| Fixed assets | 21/28 | €256,086 | €243,375 | -€12,711 | -5.0% |
| Tangible fixed assets | 22/27 | €256,086 | €243,375 | -€12,711 | -5.0% |
| Land and buildings | 22 | €239,061 | €228,882 | -€10,180 | -4.3% |
| Other tangible fixed assets | 26 | €17,024 | €14,493 | -€2,531 | -14.9% |
| Current assets | 29/58 | €62,019 | €99,310 | +€37,292 | +60.1% |
| Amounts receivable within one year | 40/41 | €40,000 | €90,000 | +€50,000 | +125% |
| Other amounts receivable | 41 | €40,000 | €90,000 | +€50,000 | +125% |
| Cash at bank and in hand | 54/58 | €22,019 | €9,310 | -€12,708 | -57.7% |
| Total equity and liabilities | 10/49 | €318,104 | €342,685 | +€24,581 | +7.7% |
| Equity | 10/15 | €105,179 | €146,586 | +€41,407 | +39.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,192 | €120,599 | +€41,407 | +52.3% |
| Amounts payable | 17/49 | €212,925 | €196,099 | -€16,826 | -7.9% |
| Amounts payable within one year | 42/48 | €203,641 | €186,870 | -€16,770 | -8.2% |
| Trade debts | 44 | €133,341 | €167,269 | +€33,928 | +25.4% |
| Suppliers | 440/4 | €133,341 | €167,269 | +€33,928 | +25.4% |
| Taxes, remuneration and social security | 45 | - | €6,301 | +€6,301 | |
| Taxes | 450/3 | - | €6,301 | +€6,301 | |
| Other amounts payable | 47/48 | €70,300 | €13,300 | -€57,000 | -81.1% |
| Accrued charges and deferred income | 492/3 | €9,284 | €9,229 | -€55 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,899 | €12,711 | -€5,188 | -29.0% |
| Other operating charges | 640/8 | €5,224 | €5,216 | -€8 | -0.2% |
| Gross operating margin | 9900 | €12,255 | €65,665 | +€53,410 | +436% |
| Operating profit (loss) | 9901 | -€10,869 | €47,738 | +€58,607 | |
| Financial income | 75/76B | €721 | - | -€721 | |
| Recurring financial income | 75 | €721 | - | -€721 | |
| Financial charges | 65/66B | €121 | €30 | -€91 | -75.3% |
| Recurring financial charges | 65 | €121 | €30 | -€91 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,270 | €47,708 | +€57,977 | |
| Income taxes | 67/77 | €216 | €6,301 | +€6,085 | +2,814% |
| Profit (loss) for the period | 9904 | -€10,486 | €41,407 | +€51,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,486 | €41,407 | +€51,892 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.