REISDUIF: 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.
REISDUIF
Largest movements
- Tangible fixed assets -€11,486
down €11,486 (-4.9%), from €235,215 to €223,729
of which Land and buildings: -€11,269
- Receivables within one year -€9,714
down €9,714 (-51.0%), from €19,048 to €9,334
of which Other amounts receivable: -€5,699
- Cash +€6,196
up €6,196 (+148%), from €4,181 to €10,377
mainly Short-term financial debts (+€50,244) and Depreciation (+€14,244)
- Stocks and contracts -€3,140
no longer reported in 2025 (was €3,140)
- Short-term financial debts +€50,244
new in 2025: €50,244
- Other debts -€45,423
no longer reported in 2025 (was €45,423)
- Debts after one year -€14,046
down €14,046 (-9.4%), from €148,642 to €134,596
- Profit (loss) carried forward -€3,630
new in 2025: -€3,630
- Reserves -€3,456
down €3,456 (-11.4%), from €30,375 to €26,918
of which Distributable reserves: -€3,456
- Gross operating margin -€4,113
down €4,113 (-25.9%), from €15,893 to €11,780
- Other operating charges +€837
up €837 (+57.8%), from €1,449 to €2,286
- Depreciation +€421
up €421 (+3.0%), from €13,823 to €14,244
- Financial charges -€409
down €409 (-14.9%), from €2,746 to €2,336
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 | €262,168 | €243,986 | -€18,182 | -6.9% |
| Fixed assets | 21/28 | €235,215 | €223,729 | -€11,486 | -4.9% |
| Tangible fixed assets | 22/27 | €235,215 | €223,729 | -€11,486 | -4.9% |
| Land and buildings | 22 | €234,158 | €222,889 | -€11,269 | -4.8% |
| Plant, machinery and equipment | 23 | €1,057 | €840 | -€217 | -20.6% |
| Current assets | 29/58 | €26,953 | €20,257 | -€6,696 | -24.8% |
| Stocks and contracts in progress | 3 | €3,140 | - | -€3,140 | |
| Stocks | 30/36 | €3,140 | - | -€3,140 | |
| Amounts receivable within one year | 40/41 | €19,048 | €9,334 | -€9,714 | -51.0% |
| Trade receivables | 40 | €4,015 | - | -€4,015 | |
| Other amounts receivable | 41 | €15,033 | €9,334 | -€5,699 | -37.9% |
| Cash at bank and in hand | 54/58 | €4,181 | €10,377 | +€6,196 | +148% |
| Deferred charges and accrued income | 490/1 | €584 | €546 | -€38 | -6.5% |
| Total equity and liabilities | 10/49 | €262,168 | €243,986 | -€18,182 | -6.9% |
| Equity | 10/15 | €50,375 | €43,288 | -€7,087 | -14.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €30,375 | €26,918 | -€3,456 | -11.4% |
| Tax-exempt reserves | 132 | €3,148 | €3,148 | = | 0.0% |
| Distributable reserves | 133 | €27,226 | €23,770 | -€3,456 | -12.7% |
| Profit (loss) carried forward | 14 | - | -€3,630 | -€3,630 | |
| Amounts payable | 17/49 | €211,793 | €200,698 | -€11,095 | -5.2% |
| Amounts payable after more than one year | 17 | €148,642 | €134,596 | -€14,046 | -9.4% |
| Financial debts | 170/4 | €148,642 | €134,596 | -€14,046 | -9.4% |
| Amounts payable within one year | 42/48 | €63,151 | €66,102 | +€2,951 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €13,845 | €15,207 | +€1,362 | +9.8% |
| Financial debts | 43 | - | €50,244 | +€50,244 | |
| Credit institutions | 430/8 | - | €50,244 | +€50,244 | |
| Trade debts | 44 | €3,823 | €650 | -€3,173 | -83.0% |
| Suppliers | 440/4 | €3,823 | €650 | -€3,173 | -83.0% |
| Taxes, remuneration and social security | 45 | €59 | - | -€59 | |
| Taxes | 450/3 | €59 | - | -€59 | |
| Other amounts payable | 47/48 | €45,423 | - | -€45,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,823 | €14,244 | +€421 | +3.0% |
| Other operating charges | 640/8 | €1,449 | €2,286 | +€837 | +57.8% |
| Gross operating margin | 9900 | €15,893 | €11,780 | -€4,113 | -25.9% |
| Operating profit (loss) | 9901 | €621 | -€4,750 | -€5,371 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,746 | €2,336 | -€409 | -14.9% |
| Recurring financial charges | 65 | €2,746 | €2,336 | -€409 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,125 | -€7,087 | -€4,962 | -233% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,125 | -€7,087 | -€4,962 | -233% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,125 | -€7,087 | -€4,962 | -233% |
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 29 October 2026 via checked.be.