REINAERT: 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.
REINAERT
Largest movements
- Tangible fixed assets +€99,622
up €99,622 (+38.3%), from €259,921 to €359,543
of which Other tangible fixed assets: +€96,746
- Receivables within one year +€35,199
up €35,199 (+2,548%), from €1,382 to €36,581
of which Trade receivables: +€33,584
- Cash -€25,053
down €25,053 (-79.9%), from €31,362 to €6,309
mainly Investment in fixed assets (net) (-€125,543) and Receivables within one year (-€35,199)
- Other debts +€105,030
up €105,030 (+201%), from €52,339 to €157,369
- Reserves +€6,009
new in 2025: €6,009
- Gross operating margin +€45,486
up €45,486, from -€12,900 to €32,586
- Depreciation +€7,136
up €7,136 (+37.7%), from €18,945 to €26,082
- Taxes -€667
down €667, from €640 to -€27
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 | €294,125 | €403,733 | +€109,608 | +37.3% |
| Fixed assets | 21/28 | €261,132 | €360,593 | +€99,461 | +38.1% |
| Intangible fixed assets | 21 | €161 | - | -€161 | |
| Tangible fixed assets | 22/27 | €259,921 | €359,543 | +€99,622 | +38.3% |
| Land and buildings | 22 | €184,935 | €177,942 | -€6,993 | -3.8% |
| Plant, machinery and equipment | 23 | €73,881 | €82,263 | +€8,382 | +11.3% |
| Furniture and vehicles | 24 | €1,104 | €2,592 | +€1,488 | +135% |
| Other tangible fixed assets | 26 | - | €96,746 | +€96,746 | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €32,993 | €43,140 | +€10,147 | +30.8% |
| Amounts receivable within one year | 40/41 | €1,382 | €36,581 | +€35,199 | +2,548% |
| Trade receivables | 40 | - | €33,584 | +€33,584 | |
| Other amounts receivable | 41 | €1,382 | €2,997 | +€1,616 | +117% |
| Cash at bank and in hand | 54/58 | €31,362 | €6,309 | -€25,053 | -79.9% |
| Deferred charges and accrued income | 490/1 | €250 | €250 | = | 0.0% |
| Total equity and liabilities | 10/49 | €294,125 | €403,733 | +€109,608 | +37.3% |
| Equity | 10/15 | €239,573 | €245,582 | +€6,009 | +2.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | - | €6,009 | +€6,009 | |
| Non-distributable reserves | 130/1 | - | €6,009 | +€6,009 | |
| Other | 1319 | - | €6,009 | +€6,009 | |
| Profit (loss) carried forward | 14 | -€10,427 | -€10,427 | = | 0.0% |
| Amounts payable | 17/49 | €54,552 | €158,151 | +€103,599 | +190% |
| Amounts payable within one year | 42/48 | €54,552 | €158,151 | +€103,599 | +190% |
| Trade debts | 44 | €2,213 | €181 | -€2,032 | -91.8% |
| Suppliers | 440/4 | €2,213 | €181 | -€2,032 | -91.8% |
| Taxes, remuneration and social security | 45 | - | €601 | +€601 | |
| Taxes | 450/3 | - | €601 | +€601 | |
| Other amounts payable | 47/48 | €52,339 | €157,369 | +€105,030 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,945 | €26,082 | +€7,136 | +37.7% |
| Other operating charges | 640/8 | €540 | €484 | -€56 | -10.4% |
| Gross operating margin | 9900 | -€12,900 | €32,586 | +€45,486 | |
| Operating profit (loss) | 9901 | -€32,385 | €6,021 | +€38,406 | |
| Financial income | 75/76B | €40 | €2 | -€38 | -94.4% |
| Recurring financial income | 75 | €40 | €2 | -€38 | -94.4% |
| Financial charges | 65/66B | €74 | €40 | -€34 | -45.4% |
| Recurring financial charges | 65 | €74 | €40 | -€34 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,419 | €5,982 | +€38,401 | |
| Income taxes | 67/77 | €640 | -€27 | -€667 | |
| Profit (loss) for the period | 9904 | -€33,059 | €6,009 | +€39,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,059 | €6,009 | +€39,068 |
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 17 October 2026 via checked.be.