REIVAX MD: 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.
REIVAX MD
Largest movements
- Receivables within one year +€433,736
up €433,736 (+103%), from €420,398 to €854,135
- Cash +€39,022
up €39,022 (+13.7%), from €285,782 to €324,804
mainly Net result for the year (+€501,874) and Depreciation (+€9,571)
- Profit (loss) carried forward +€501,874
up €501,874 (+94.9%), from €529,073 to €1.0m
- Debts after one year -€35,500
down €35,500 (-7.1%), from €497,000 to €461,500
- Gross operating margin -€90,062
down €90,062 (-11.9%), from €757,236 to €667,174
- Depreciation -€54,947
down €54,947 (-85.2%), from €64,518 to €9,571
- Financial charges +€13,438
up €13,438 (+888%), from €1,514 to €14,952
- Financial income +€13,267
up €13,267 (+147%), from €9,017 to €22,284
- Taxes -€8,532
down €8,532 (-5.0%), from €169,600 to €161,068
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 | €1,242,261 | €1,707,859 | +€465,598 | +37.5% |
| Fixed assets | 21/28 | €536,081 | €527,310 | -€8,771 | -1.6% |
| Tangible fixed assets | 22/27 | €533,378 | €524,607 | -€8,771 | -1.6% |
| Land and buildings | 22 | €531,736 | €523,337 | -€8,400 | -1.6% |
| Other tangible fixed assets | 26 | €1,642 | €1,271 | -€371 | -22.6% |
| Financial fixed assets | 28 | €2,703 | €2,703 | = | 0.0% |
| Current assets | 29/58 | €706,181 | €1,180,549 | +€474,368 | +67.2% |
| Amounts receivable within one year | 40/41 | €420,398 | €854,135 | +€433,736 | +103% |
| Other amounts receivable | 41 | €420,398 | €854,135 | +€433,736 | +103% |
| Cash at bank and in hand | 54/58 | €285,782 | €324,804 | +€39,022 | +13.7% |
| Deferred charges and accrued income | 490/1 | - | €1,610 | +€1,610 | |
| Total equity and liabilities | 10/49 | €1,242,261 | €1,707,859 | +€465,598 | +37.5% |
| Equity | 10/15 | €530,073 | €1,031,947 | +€501,874 | +94.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €529,073 | €1,030,947 | +€501,874 | +94.9% |
| Amounts payable | 17/49 | €712,188 | €675,912 | -€36,276 | -5.1% |
| Amounts payable after more than one year | 17 | €497,000 | €461,500 | -€35,500 | -7.1% |
| Financial debts | 170/4 | €497,000 | €461,500 | -€35,500 | -7.1% |
| Amounts payable within one year | 42/48 | €207,138 | €198,137 | -€9,001 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €35,500 | €35,500 | = | 0.0% |
| Trade debts | 44 | €702 | €127 | -€574 | -81.8% |
| Suppliers | 440/4 | €702 | €127 | -€574 | -81.8% |
| Taxes, remuneration and social security | 45 | €170,936 | €162,510 | -€8,427 | -4.9% |
| Taxes | 450/3 | €170,936 | €162,510 | -€8,427 | -4.9% |
| Accrued charges and deferred income | 492/3 | €8,051 | €16,275 | +€8,225 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,518 | €9,571 | -€54,947 | -85.2% |
| Other operating charges | 640/8 | €1,547 | €1,993 | +€446 | +28.8% |
| Gross operating margin | 9900 | €757,236 | €667,174 | -€90,062 | -11.9% |
| Operating profit (loss) | 9901 | €691,170 | €655,609 | -€35,560 | -5.1% |
| Financial income | 75/76B | €9,017 | €22,284 | +€13,267 | +147% |
| Recurring financial income | 75 | €9,017 | €22,284 | +€13,267 | +147% |
| Financial charges | 65/66B | €1,514 | €14,952 | +€13,438 | +888% |
| Recurring financial charges | 65 | €1,514 | €14,952 | +€13,438 | +888% |
| Profit (loss) for the period before taxes | 9903 | €698,673 | €662,942 | -€35,731 | -5.1% |
| Income taxes | 67/77 | €169,600 | €161,068 | -€8,532 | -5.0% |
| Profit (loss) for the period | 9904 | €529,073 | €501,874 | -€27,199 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €529,073 | €501,874 | -€27,199 | -5.1% |
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 31 October 2026 via checked.be.