REIZEN BAUS: 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.
REIZEN BAUS
Largest movements
- Current investments -€651,026
down €651,026 (-100%), from €651,026 to €0
- Tangible fixed assets +€482,022
up €482,022 (+104%), from €464,256 to €946,278
of which Furniture and vehicles: +€444,352
- Cash +€387,015
up €387,015 (+617%), from €62,772 to €449,787
mainly Current investments (+€651,026) and Net result for the year (+€261,216)
- Receivables within one year -€39,846
down €39,846 (-53.7%), from €74,222 to €34,376
of which Trade receivables: -€22,921
- Reserves +€183,646
up €183,646 (+29.0%), from €632,922 to €816,568
of which Distributable reserves: +€183,646
- Debts after one year -€86,466
down €86,466 (-33.4%), from €258,868 to €172,403
- Other debts +€37,962
up €37,962 (+183%), from €20,800 to €58,761
- Tax, wage and social debts +€31,506
up €31,506 (+58.9%), from €53,499 to €85,005
of which Taxes: +€24,909
- Trade debts +€16,590
up €16,590 (+21.1%), from €78,722 to €95,312
- Gross operating margin +€139,882
up €139,882 (+18.8%), from €742,782 to €882,664
- Taxes +€82,717
up €82,717 (+540%), from €15,322 to €98,039
- Depreciation -€26,455
down €26,455 (-12.3%), from €215,512 to €189,058
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 | €1,260,870 | €1,442,212 | +€181,342 | +14.4% |
| Fixed assets | 21/28 | €464,256 | €946,278 | +€482,022 | +104% |
| Tangible fixed assets | 22/27 | €464,256 | €946,278 | +€482,022 | +104% |
| Land and buildings | 22 | €276,610 | €312,115 | +€35,505 | +12.8% |
| Plant, machinery and equipment | 23 | €5,897 | €9,449 | +€3,552 | +60.2% |
| Furniture and vehicles | 24 | €178,975 | €623,327 | +€444,352 | +248% |
| Other tangible fixed assets | 26 | €2,773 | €1,387 | -€1,387 | -50.0% |
| Current assets | 29/58 | €796,614 | €495,934 | -€300,680 | -37.7% |
| Amounts receivable within one year | 40/41 | €74,222 | €34,376 | -€39,846 | -53.7% |
| Trade receivables | 40 | €53,357 | €30,436 | -€22,921 | -43.0% |
| Other amounts receivable | 41 | €20,865 | €3,940 | -€16,925 | -81.1% |
| Current investments | 50/53 | €651,026 | €0 | -€651,026 | -100% |
| Cash at bank and in hand | 54/58 | €62,772 | €449,787 | +€387,015 | +617% |
| Deferred charges and accrued income | 490/1 | €8,595 | €11,772 | +€3,177 | +37.0% |
| Total equity and liabilities | 10/49 | €1,260,870 | €1,442,212 | +€181,342 | +14.4% |
| Equity | 10/15 | €694,422 | €878,068 | +€183,646 | +26.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €632,922 | €816,568 | +€183,646 | +29.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €620,522 | €804,168 | +€183,646 | +29.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €566,448 | €564,144 | -€2,304 | -0.4% |
| Amounts payable after more than one year | 17 | €258,868 | €172,403 | -€86,466 | -33.4% |
| Financial debts | 170/4 | €258,868 | €172,403 | -€86,466 | -33.4% |
| Amounts payable within one year | 42/48 | €307,194 | €391,699 | +€84,504 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €99,423 | €86,466 | -€12,957 | -13.0% |
| Financial debts | 43 | €560 | €219 | -€341 | -60.9% |
| Credit institutions | 430/8 | €560 | €219 | -€341 | -60.9% |
| Trade debts | 44 | €78,722 | €95,312 | +€16,590 | +21.1% |
| Suppliers | 440/4 | €78,722 | €95,312 | +€16,590 | +21.1% |
| Advances received on contracts in progress | 46 | €54,192 | €65,936 | +€11,745 | +21.7% |
| Taxes, remuneration and social security | 45 | €53,499 | €85,005 | +€31,506 | +58.9% |
| Taxes | 450/3 | €20,619 | €45,528 | +€24,909 | +121% |
| Remuneration and social security | 454/9 | €32,879 | €39,477 | +€6,598 | +20.1% |
| Other amounts payable | 47/48 | €20,800 | €58,761 | +€37,962 | +183% |
| Accrued charges and deferred income | 492/3 | €386 | €43 | -€343 | -88.9% |
| Non-recurring operating income | 76A | - | €185,744 | +€185,744 | |
| Remuneration, social security and pensions | 62 | €288,481 | €288,965 | +€484 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,512 | €189,058 | -€26,455 | -12.3% |
| Other operating charges | 640/8 | €42,379 | €45,032 | +€2,654 | +6.3% |
| Non-recurring operating charges | 66A | €58,230 | €0 | -€58,230 | -100% |
| Gross operating margin | 9900 | €742,782 | €882,664 | +€139,882 | +18.8% |
| Operating profit (loss) | 9901 | €138,179 | €359,609 | +€221,429 | +160% |
| Financial income | 75/76B | €4,324 | €6,167 | +€1,842 | +42.6% |
| Recurring financial income | 75 | €4,324 | €6,167 | +€1,842 | +42.6% |
| Financial charges | 65/66B | €9,094 | €6,520 | -€2,574 | -28.3% |
| Recurring financial charges | 65 | €9,094 | €6,520 | -€2,574 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €133,409 | €359,255 | +€225,845 | +169% |
| Income taxes | 67/77 | €15,322 | €98,039 | +€82,717 | +540% |
| Profit (loss) for the period | 9904 | €118,087 | €261,216 | +€143,129 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €118,087 | €261,216 | +€143,129 | +121% |
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 23 October 2026 via checked.be.