REINDEV: 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.
REINDEV
Largest movements
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Cash +€65,185
up €65,185 (+78.0%), from €83,537 to €148,722
mainly Current investments (+€75,000) and Net result for the year (+€30,975)
- Receivables within one year +€17,391
up €17,391 (+210.1%), from €8,276 to €25,667
of which Trade receivables: +€16,242
- Reserves +€9,678
up €9,678 (+6.5%), from €149,001 to €158,679
- Accrued charges and deferred income -€2,275
down €2,275 (-100.0%), from €2,275 to €0
- Gross operating margin -€8,156
down €8,156 (-15.6%), from €52,430 to €44,275
- Depreciation -€5,554
down €5,554 (-66.0%), from €8,411 to €2,857
- Financial income +€2,389
up €2,389 (+692.5%), from €345 to €2,734
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.
Cash bridge derived
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 | €170,215 | €178,581 | +€8,367 | +4.9% |
| Fixed assets | 21/28 | €3,140 | €3,402 | +€262 | +8.3% |
| Tangible fixed assets | 22/27 | €3,140 | €3,402 | +€262 | +8.3% |
| Furniture and vehicles | 24 | €3,140 | €3,402 | +€262 | +8.3% |
| Current assets | 29/58 | €167,074 | €175,179 | +€8,105 | +4.9% |
| Amounts receivable within one year | 40/41 | €8,276 | €25,667 | +€17,391 | +210.1% |
| Trade receivables | 40 | €7,681 | €23,924 | +€16,242 | +211.5% |
| Other amounts receivable | 41 | €594 | €1,743 | +€1,149 | +193.3% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €83,537 | €148,722 | +€65,185 | +78.0% |
| Deferred charges and accrued income | 490/1 | €262 | €790 | +€528 | +202.0% |
| Total equity and liabilities | 10/49 | €170,215 | €178,581 | +€8,367 | +4.9% |
| Equity | 10/15 | €155,201 | €164,879 | +€9,678 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,001 | €158,679 | +€9,678 | +6.5% |
| Distributable reserves | 133 | €149,001 | €158,679 | +€9,678 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,013 | €13,702 | -€1,311 | -8.7% |
| Amounts payable within one year | 42/48 | €12,738 | €13,702 | +€964 | +7.6% |
| Trade debts | 44 | €303 | €781 | +€478 | +157.7% |
| Suppliers | 440/4 | €303 | €781 | +€478 | +157.7% |
| Taxes, remuneration and social security | 45 | €12,051 | €12,608 | +€557 | +4.6% |
| Taxes | 450/3 | €12,051 | €12,608 | +€557 | +4.6% |
| Other amounts payable | 47/48 | €384 | €313 | -€72 | -18.6% |
| Accrued charges and deferred income | 492/3 | €2,275 | €0 | -€2,275 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,411 | €2,857 | -€5,554 | -66.0% |
| Other operating charges | 640/8 | €759 | €900 | +€141 | +18.5% |
| Gross operating margin | 9900 | €52,430 | €44,275 | -€8,156 | -15.6% |
| Operating profit (loss) | 9901 | €43,260 | €40,518 | -€2,743 | -6.3% |
| Financial income | 75/76B | €345 | €2,734 | +€2,389 | +692.5% |
| Recurring financial income | 75 | €345 | €2,734 | +€2,389 | +692.5% |
| Financial charges | 65/66B | €182 | €102 | -€80 | -44.1% |
| Recurring financial charges | 65 | €182 | €102 | -€80 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €43,423 | €43,150 | -€273 | -0.6% |
| Income taxes | 67/77 | €12,592 | €12,175 | -€418 | -3.3% |
| Profit (loss) for the period | 9904 | €30,831 | €30,975 | +€144 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,831 | €30,975 | +€144 | +0.5% |
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 11 October 2026 via checked.be.