REIZEN PLUS +: what changed
Two fiscal 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 PLUS +
Largest movements
- Receivables within one year -€122,903
down €122,903 (-70.3%), from €174,775 to €51,872
of which Trade receivables: -€118,117
- Cash +€81,944
up €81,944 (+59.2%), from €138,433 to €220,377
mainly Receivables within one year (+€122,903) and Investment in fixed assets (net) (+€30,536)
- Tangible fixed assets -€46,148
down €46,148 (-50.2%), from €91,878 to €45,730
of which Land and buildings: -€40,627
- Deferred charges and accrued income +€22,134
up €22,134, from €0 to €22,134
- Debts after one year -€65,415
down €65,415 (-75.5%), from €86,632 to €21,217
- Trade debts -€12,341
down €12,341 (-64.2%), from €19,208 to €6,867
- Current portion of long-term debt -€11,770
no longer reported in 2025 (was €11,770)
- Short-term financial debts +€9,121
new in 2025: €9,121
- Advances received +€6,476
up €6,476 (+6.3%), from €102,847 to €109,323
- Gross operating margin -€24,265
down €24,265 (-21.7%), from €111,953 to €87,688
- Depreciation +€13,492
up €13,492 (+636.6%), from €2,120 to €15,612
- Taxes +€2,107
up €2,107 (+1945.9%), from €108 to €2,216
- Staff costs +€1,907
up €1,907 (+3.3%), from €57,139 to €59,046
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.
Cash bridge derived
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 | €408,346 | €343,373 | -€64,973 | -15.9% |
| Fixed assets | 21/28 | €95,138 | €48,989 | -€46,148 | -48.5% |
| Tangible fixed assets | 22/27 | €91,878 | €45,730 | -€46,148 | -50.2% |
| Land and buildings | 22 | €40,627 | €0 | -€40,627 | -100.0% |
| Furniture and vehicles | 24 | €51,251 | €44,452 | -€6,800 | -13.3% |
| Other tangible fixed assets | 26 | €0 | €1,278 | +€1,278 | |
| Financial fixed assets | 28 | €3,260 | €3,260 | = | 0.0% |
| Current assets | 29/58 | €313,208 | €294,383 | -€18,825 | -6.0% |
| Amounts receivable within one year | 40/41 | €174,775 | €51,872 | -€122,903 | -70.3% |
| Trade receivables | 40 | €169,989 | €51,872 | -€118,117 | -69.5% |
| Other amounts receivable | 41 | €4,786 | €0 | -€4,786 | -100.0% |
| Cash at bank and in hand | 54/58 | €138,433 | €220,377 | +€81,944 | +59.2% |
| Deferred charges and accrued income | 490/1 | €0 | €22,134 | +€22,134 | |
| Total equity and liabilities | 10/49 | €408,346 | €343,373 | -€64,973 | -15.9% |
| Equity | 10/15 | €169,544 | €174,296 | +€4,752 | +2.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €4,393 | €4,393 | = | 0.0% |
| Distributable reserves | 133 | €4,393 | €4,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,967 | €132,719 | +€4,752 | +3.7% |
| Amounts payable | 17/49 | €238,802 | €169,076 | -€69,725 | -29.2% |
| Amounts payable after more than one year | 17 | €86,632 | €21,217 | -€65,415 | -75.5% |
| Financial debts | 170/4 | €86,632 | €21,217 | -€65,415 | -75.5% |
| Amounts payable within one year | 42/48 | €152,170 | €145,450 | -€6,719 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €11,770 | - | -€11,770 | |
| Financial debts | 43 | - | €9,121 | +€9,121 | |
| Credit institutions | 430/8 | - | €9,121 | +€9,121 | |
| Trade debts | 44 | €19,208 | €6,867 | -€12,341 | -64.2% |
| Suppliers | 440/4 | €19,208 | €6,867 | -€12,341 | -64.2% |
| Advances received on contracts in progress | 46 | €102,847 | €109,323 | +€6,476 | +6.3% |
| Taxes, remuneration and social security | 45 | €9,505 | €13,393 | +€3,889 | +40.9% |
| Taxes | 450/3 | €750 | €3,412 | +€2,662 | +354.9% |
| Remuneration and social security | 454/9 | €8,755 | €9,981 | +€1,227 | +14.0% |
| Other amounts payable | 47/48 | €8,839 | €6,747 | -€2,092 | -23.7% |
| Accrued charges and deferred income | 492/3 | - | €2,409 | +€2,409 | |
| Non-recurring operating income | 76A | €3,550 | - | -€3,550 | |
| Remuneration, social security and pensions | 62 | €57,139 | €59,046 | +€1,907 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,120 | €15,612 | +€13,492 | +636.6% |
| Other operating charges | 640/8 | €3,043 | €3,055 | +€12 | +0.4% |
| Gross operating margin | 9900 | €111,953 | €87,688 | -€24,265 | -21.7% |
| Operating profit (loss) | 9901 | €49,652 | €9,975 | -€39,676 | -79.9% |
| Financial income | 75/76B | €50 | €198 | +€148 | +296.2% |
| Recurring financial income | 75 | €50 | €198 | +€148 | +296.2% |
| Financial charges | 65/66B | €3,682 | €3,206 | -€476 | -12.9% |
| Recurring financial charges | 65 | €3,682 | €3,206 | -€476 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €46,020 | €6,968 | -€39,052 | -84.9% |
| Income taxes | 67/77 | €108 | €2,216 | +€2,107 | +1945.9% |
| Profit (loss) for the period | 9904 | €45,912 | €4,752 | -€41,160 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,912 | €4,752 | -€41,160 | -89.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.