REINVA: 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.
REINVA
Largest movements
- Tangible fixed assets -€29,419
down €29,419 (-3.0%), from €981,542 to €952,123
of which Land and buildings: -€27,362
- Cash -€25,953
down €25,953 (-72.4%), from €35,846 to €9,893
mainly Debts after one year (-€53,351) and Provisions (-€5,506)
- Debts after one year -€53,351
down €53,351 (-14.9%), from €359,126 to €305,774
- Gross operating margin -€10,244
down €10,244 (-22.3%), from €45,990 to €35,747
- Taxes -€2,804
down €2,804 (-50.9%), from €5,511 to €2,707
- Financial charges +€672
up €672 (+11.7%), from €5,764 to €6,436
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 | €1,017,402 | €962,016 | -€55,386 | -5.4% |
| Fixed assets | 21/28 | €981,542 | €952,123 | -€29,419 | -3.0% |
| Tangible fixed assets | 22/27 | €981,542 | €952,123 | -€29,419 | -3.0% |
| Land and buildings | 22 | €938,080 | €910,718 | -€27,362 | -2.9% |
| Plant, machinery and equipment | 23 | €2,058 | €0 | -€2,058 | -100% |
| Furniture and vehicles | 24 | €41,405 | €41,405 | = | 0.0% |
| Current assets | 29/58 | €35,860 | €9,893 | -€25,967 | -72.4% |
| Cash at bank and in hand | 54/58 | €35,846 | €9,893 | -€25,953 | -72.4% |
| Deferred charges and accrued income | 490/1 | €14 | €0 | -€14 | -100% |
| Total equity and liabilities | 10/49 | €1,017,402 | €962,016 | -€55,386 | -5.4% |
| Equity | 10/15 | €488,046 | €484,508 | -€3,538 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €426,046 | €422,508 | -€3,538 | -0.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | - | €6,200 | +€6,200 | |
| Reserves not available under the articles | 1311 | €6,200 | - | -€6,200 | |
| Tax-exempt reserves | 132 | €163,990 | €153,302 | -€10,688 | -6.5% |
| Distributable reserves | 133 | €255,857 | €263,006 | +€7,150 | +2.8% |
| Provisions and deferred taxes | 16 | €84,424 | €78,918 | -€5,506 | -6.5% |
| Deferred taxes | 168 | €84,424 | €78,918 | -€5,506 | -6.5% |
| Amounts payable | 17/49 | €444,932 | €398,590 | -€46,342 | -10.4% |
| Amounts payable after more than one year | 17 | €359,126 | €305,774 | -€53,351 | -14.9% |
| Financial debts | 170/4 | €359,126 | €305,774 | -€53,351 | -14.9% |
| Amounts payable within one year | 42/48 | €85,806 | €91,427 | +€5,621 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €52,901 | €52,914 | +€13 | 0.0% |
| Trade debts | 44 | €212 | €0 | -€212 | -100% |
| Suppliers | 440/4 | €212 | €0 | -€212 | -100% |
| Taxes, remuneration and social security | 45 | €4,195 | €3,007 | -€1,188 | -28.3% |
| Taxes | 450/3 | €4,195 | €3,007 | -€1,188 | -28.3% |
| Other amounts payable | 47/48 | €28,498 | €35,505 | +€7,008 | +24.6% |
| Accrued charges and deferred income | 492/3 | - | €1,389 | +€1,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,419 | €29,419 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,048 | €6,235 | +€188 | +3.1% |
| Gross operating margin | 9900 | €45,990 | €35,747 | -€10,244 | -22.3% |
| Operating profit (loss) | 9901 | €10,523 | €92 | -€10,431 | -99.1% |
| Financial income | 75/76B | €95 | €7 | -€88 | -92.5% |
| Recurring financial income | 75 | €95 | €7 | -€88 | -92.5% |
| Financial charges | 65/66B | €5,764 | €6,436 | +€672 | +11.7% |
| Recurring financial charges | 65 | €5,764 | €6,436 | +€672 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €4,854 | -€6,337 | -€11,191 | |
| Transfer from deferred taxes | 780 | €5,506 | €5,506 | = | 0.0% |
| Income taxes | 67/77 | €5,511 | €2,707 | -€2,804 | -50.9% |
| Profit (loss) for the period | 9904 | €4,848 | -€3,538 | -€8,387 | |
| Transfer from tax-exempt reserves | 789 | €10,688 | €10,688 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,537 | €7,150 | -€8,387 | -54.0% |
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.