REIZEN VAN LAERE: 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 VAN LAERE
Largest movements
- Cash +€133,911
up €133,911 (+69.0%), from €193,996 to €327,907
mainly Net result for the year (+€164,090) and Tax, wage and social debts (+€19,618)
- Deferred charges and accrued income +€43,566
up €43,566 (+36.8%), from €118,423 to €161,989
- Receivables within one year +€16,074
up €16,074 (+6.1%), from €265,524 to €281,598
of which Trade receivables: +€24,414
- Reserves +€153,215
up €153,215 (+160%), from €96,012 to €249,227
of which Distributable reserves: +€153,215
- Tax, wage and social debts +€19,618
up €19,618 (+58.5%), from €33,555 to €53,173
of which Taxes: +€22,593
- Trade debts +€17,588
up €17,588 (+3.3%), from €534,218 to €551,807
- Financial income +€149,522
up €149,522 (+6,855%), from €2,181 to €151,703
- Taxes +€22,657
up €22,657 (+346%), from €6,557 to €29,214
- Gross operating margin +€10,499
up €10,499 (+5.0%), from €211,041 to €221,540
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 | €707,185 | €897,606 | +€190,421 | +26.9% |
| Fixed assets | 21/28 | €129,242 | €126,112 | -€3,130 | -2.4% |
| Tangible fixed assets | 22/27 | €84,106 | €80,897 | -€3,210 | -3.8% |
| Land and buildings | 22 | €83,682 | €80,654 | -€3,028 | -3.6% |
| Plant, machinery and equipment | 23 | €424 | €242 | -€182 | -42.9% |
| Financial fixed assets | 28 | €45,136 | €45,216 | +€80 | +0.2% |
| Current assets | 29/58 | €577,943 | €771,494 | +€193,550 | +33.5% |
| Amounts receivable within one year | 40/41 | €265,524 | €281,598 | +€16,074 | +6.1% |
| Trade receivables | 40 | €255,161 | €279,575 | +€24,414 | +9.6% |
| Other amounts receivable | 41 | €10,363 | €2,023 | -€8,341 | -80.5% |
| Cash at bank and in hand | 54/58 | €193,996 | €327,907 | +€133,911 | +69.0% |
| Deferred charges and accrued income | 490/1 | €118,423 | €161,989 | +€43,566 | +36.8% |
| Total equity and liabilities | 10/49 | €707,185 | €897,606 | +€190,421 | +26.9% |
| Equity | 10/15 | €139,412 | €292,627 | +€153,215 | +110% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €96,012 | €249,227 | +€153,215 | +160% |
| Non-distributable reserves | 130/1 | €4,340 | €4,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,340 | €4,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,158 | €15,158 | = | 0.0% |
| Distributable reserves | 133 | €76,514 | €229,729 | +€153,215 | +200% |
| Amounts payable | 17/49 | €567,773 | €604,979 | +€37,206 | +6.6% |
| Amounts payable within one year | 42/48 | €567,773 | €604,979 | +€37,206 | +6.6% |
| Trade debts | 44 | €534,218 | €551,807 | +€17,588 | +3.3% |
| Suppliers | 440/4 | €534,218 | €551,807 | +€17,588 | +3.3% |
| Taxes, remuneration and social security | 45 | €33,555 | €53,173 | +€19,618 | +58.5% |
| Taxes | 450/3 | €7,372 | €29,965 | +€22,593 | +306% |
| Remuneration and social security | 454/9 | €26,183 | €23,208 | -€2,975 | -11.4% |
| Remuneration, social security and pensions | 62 | €174,672 | €173,771 | -€902 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €3,210 | = | 0.0% |
| Other operating charges | 640/8 | €1,689 | €1,392 | -€297 | -17.6% |
| Gross operating margin | 9900 | €211,041 | €221,540 | +€10,499 | +5.0% |
| Operating profit (loss) | 9901 | €31,470 | €43,168 | +€11,698 | +37.2% |
| Financial income | 75/76B | €2,181 | €151,703 | +€149,522 | +6,855% |
| Recurring financial income | 75 | €2,181 | €151,703 | +€149,522 | +6,855% |
| Financial charges | 65/66B | €1,523 | €1,568 | +€45 | +3.0% |
| Recurring financial charges | 65 | €1,523 | €1,568 | +€45 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €32,128 | €193,304 | +€161,175 | +502% |
| Income taxes | 67/77 | €6,557 | €29,214 | +€22,657 | +346% |
| Profit (loss) for the period | 9904 | €25,571 | €164,090 | +€138,519 | +542% |
| Profit (loss) for the period to be appropriated | 9905 | €25,571 | €164,090 | +€138,519 | +542% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.