REIZEN DE MUNTER: 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 DE MUNTER
Largest movements
- Deferred charges and accrued income +€90,839
up €90,839 (+43.6%), from €208,532 to €299,371
- Tangible fixed assets -€31,418
down €31,418 (-9.8%), from €322,036 to €290,617
- Receivables within one year -€8,580
down €8,580 (-57.7%), from €14,863 to €6,283
of which Trade receivables: -€8,709
- Reserves +€63,400
up €63,400 (+50.8%), from €124,810 to €188,210
- Other debts -€27,816
down €27,816 (-46.8%), from €59,496 to €31,679
- Trade debts +€17,728
up €17,728 (+70.8%), from €25,035 to €42,763
- Current portion of long-term debt -€15,952
down €15,952 (-58.5%), from €27,277 to €11,325
- Debts after one year -€11,795
down €11,795 (-29.4%), from €40,087 to €28,292
- Staff costs -€23,760
down €23,760 (-16.9%), from €140,617 to €116,858
- Taxes +€20,947
up €20,947 (+144%), from €14,575 to €35,522
- Gross operating margin +€18,501
up €18,501 (+7.6%), from €242,471 to €260,972
- Depreciation +€5,406
up €5,406 (+18.4%), from €29,405 to €34,811
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 | €779,354 | €822,565 | +€43,211 | +5.5% |
| Fixed assets | 21/28 | €323,286 | €291,867 | -€31,418 | -9.7% |
| Tangible fixed assets | 22/27 | €322,036 | €290,617 | -€31,418 | -9.8% |
| Land and buildings | 22 | €263,253 | €247,674 | -€15,578 | -5.9% |
| Plant, machinery and equipment | 23 | €26,276 | €20,905 | -€5,371 | -20.4% |
| Furniture and vehicles | 24 | €32,507 | €22,038 | -€10,469 | -32.2% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €456,069 | €530,698 | +€74,629 | +16.4% |
| Amounts receivable within one year | 40/41 | €14,863 | €6,283 | -€8,580 | -57.7% |
| Trade receivables | 40 | €14,863 | €6,154 | -€8,709 | -58.6% |
| Other amounts receivable | 41 | - | €129 | +€129 | |
| Cash at bank and in hand | 54/58 | €232,674 | €225,044 | -€7,630 | -3.3% |
| Deferred charges and accrued income | 490/1 | €208,532 | €299,371 | +€90,839 | +43.6% |
| Total equity and liabilities | 10/49 | €779,354 | €822,565 | +€43,211 | +5.5% |
| Equity | 10/15 | €243,537 | €307,042 | +€63,505 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €100,068 | €100,068 | = | 0.0% |
| Reserves | 13 | €124,810 | €188,210 | +€63,400 | +50.8% |
| Distributable reserves | 133 | €124,810 | €188,210 | +€63,400 | +50.8% |
| Profit (loss) carried forward | 14 | €59 | €163 | +€105 | +178% |
| Amounts payable | 17/49 | €535,818 | €515,524 | -€20,294 | -3.8% |
| Amounts payable after more than one year | 17 | €40,087 | €28,292 | -€11,795 | -29.4% |
| Financial debts | 170/4 | €40,087 | €28,292 | -€11,795 | -29.4% |
| Amounts payable within one year | 42/48 | €465,695 | €452,876 | -€12,819 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €27,277 | €11,325 | -€15,952 | -58.5% |
| Trade debts | 44 | €25,035 | €42,763 | +€17,728 | +70.8% |
| Suppliers | 440/4 | €25,035 | €42,763 | +€17,728 | +70.8% |
| Advances received on contracts in progress | 46 | €321,956 | €327,944 | +€5,988 | +1.9% |
| Taxes, remuneration and social security | 45 | €31,930 | €39,164 | +€7,234 | +22.7% |
| Taxes | 450/3 | €15,415 | €25,988 | +€10,573 | +68.6% |
| Remuneration and social security | 454/9 | €16,515 | €13,176 | -€3,339 | -20.2% |
| Other amounts payable | 47/48 | €59,496 | €31,679 | -€27,816 | -46.8% |
| Accrued charges and deferred income | 492/3 | €30,036 | €34,356 | +€4,320 | +14.4% |
| Remuneration, social security and pensions | 62 | €140,617 | €116,858 | -€23,760 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,405 | €34,811 | +€5,406 | +18.4% |
| Other operating charges | 640/8 | €3,662 | €5,690 | +€2,028 | +55.4% |
| Gross operating margin | 9900 | €242,471 | €260,972 | +€18,501 | +7.6% |
| Operating profit (loss) | 9901 | €68,786 | €103,614 | +€34,827 | +50.6% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €6,524 | €4,587 | -€1,936 | -29.7% |
| Recurring financial charges | 65 | €6,524 | €4,587 | -€1,936 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €62,293 | €99,026 | +€36,733 | +59.0% |
| Income taxes | 67/77 | €14,575 | €35,522 | +€20,947 | +144% |
| Profit (loss) for the period | 9904 | €47,719 | €63,505 | +€15,786 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,719 | €63,505 | +€15,786 | +33.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.