REPLY BELGIUM: 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.
What changed
REPLY BELGIUM
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.7m
2024 · -€221,545-€1.4m
Equity
€19.2m
2024 · -€3.7m+€22.9m
Cash
€7.0m
2024 · €13,434+€7.0m
Balance sheet total
€23.0m
2024 · €79,638+€22.9m
Largest movements
Assets
- Financial fixed assets +€15.7m
new in 2025: €15.7m
- Cash +€7.0m
up €7.0m (+51,897%), from €13,434 to €7.0m
mainly Contributions, distributions and other (+€24.6m) and Depreciation (+€508)
- Receivables within one year +€253,560
up €253,560 (+388%), from €65,384 to €318,944
of which Trade receivables: +€294,919
Equity and liabilities
- Contributions +€24.6m
up €24.6m (+39,924%), from €61,500 to €24.6m
- Profit (loss) carried forward -€1.7m
down €1.7m (-43.4%), from -€3.8m to -€5.5m
Income statement
- Financial charges +€913,564
up €913,564 (+414%), from €220,727 to €1.1m
of which Non-recurring financial charges: +€824,201
- Goods and materials +€644,000
new in 2025: €644,000
- Turnover +€543,500
new in 2025: €543,500
- Services and other goods +€288,100
new in 2025: €288,100
- Staff costs +€128,848
new in 2025: €128,848
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.
Result 2024
-€221,545
Turnover
+€543,500
Goods and materials
-€644,000
Services and other goods
-€288,100
Staff costs
-€128,848
Depreciation
+€447
Write-downs
+€144
Other operating charges
+€8,737
Other operating items
-€7,999
Financial income
+€110
Financial charges
-€913,564
Taxes
-€1,525
Result 2025
-€1.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.9m
Investment
-€15.7m
Financing
+€24.6m
Cash 2024
€13,434
From operations (derived)
-€1.9m
Net result for the year
-€1.7m
Depreciation
+€508
Receivables within one year
-€253,560
Smaller working-capital items
-€16,166
Investment (derived)
-€15.7m
Investment in fixed assets (net)
-€15.7m
Financing
+€24.6m
Contributions, distributions and other
+€24.6m
Cash 2025
€7.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,638 | €22,969,828 | +€22.9m | +28,743% |
| Fixed assets | 21/28 | €820 | €15,660,035 | +€15.7m | +1,909,660% |
| Tangible fixed assets | 22/27 | €820 | €4,870 | +€4,050 | +494% |
| Plant, machinery and equipment | 23 | €804 | €4,858 | +€4,054 | +504% |
| Furniture and vehicles | 24 | €16 | €12 | -€4 | -25.0% |
| Financial fixed assets | 28 | - | €15,655,165 | +€15.7m | |
| Affiliated companies | 280/1 | - | €15,655,165 | +€15.7m | |
| Participating interests | 280 | - | €15,655,165 | +€15.7m | |
| Current assets | 29/58 | €78,818 | €7,309,793 | +€7.2m | +9,174% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €65,384 | €318,944 | +€253,560 | +388% |
| Trade receivables | 40 | €0 | €294,919 | +€294,919 | |
| Other amounts receivable | 41 | €65,384 | €24,026 | -€41,358 | -63.3% |
| Cash at bank and in hand | 54/58 | €13,434 | €6,985,349 | +€7.0m | +51,897% |
| Deferred charges and accrued income | 490/1 | €0 | €5,500 | +€5,500 | |
| Total equity and liabilities | 10/49 | €79,638 | €22,969,828 | +€22.9m | +28,743% |
| Equity | 10/15 | -€3,749,754 | €19,151,103 | +€22.9m | |
| Contributions | 10/11 | €61,500 | €24,615,000 | +€24.6m | +39,924% |
| Capital | 10 | €61,500 | €24,615,000 | +€24.6m | +39,924% |
| Issued capital | 100 | €61,500 | €24,615,000 | +€24.6m | +39,924% |
| Profit (loss) carried forward | 14 | -€3,811,254 | -€5,463,897 | -€1.7m | -43.4% |
| Amounts payable | 17/49 | €3,829,392 | €3,818,726 | -€10,666 | -0.3% |
| Amounts payable within one year | 42/48 | €3,829,392 | €3,818,726 | -€10,666 | -0.3% |
| Trade debts | 44 | €339,297 | €297,306 | -€41,992 | -12.4% |
| Suppliers | 440/4 | €339,297 | €297,306 | -€41,992 | -12.4% |
| Taxes, remuneration and social security | 45 | €0 | €20,775 | +€20,775 | |
| Taxes | 450/3 | €0 | €6 | +€6 | |
| Remuneration and social security | 454/9 | €0 | €20,768 | +€20,768 | |
| Other amounts payable | 47/48 | €3,490,095 | €3,500,645 | +€10,551 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | - | €543,500 | +€543,500 | |
| Turnover | 70 | - | €543,500 | +€543,500 | |
| Non-recurring operating income | 76A | €37,749 | €0 | -€37,749 | -100% |
| Operating charges | 60/66A | - | €1,061,456 | +€1.1m | |
| Goods for resale, raw materials and consumables | 60 | - | €644,000 | +€644,000 | |
| Purchases | 600/8 | - | €644,000 | +€644,000 | |
| Services and other goods | 61 | - | €288,100 | +€288,100 | |
| Remuneration, social security and pensions | 62 | - | €128,848 | +€128,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €508 | -€447 | -46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €144 | €0 | -€144 | -100% |
| Other operating charges | 640/8 | €8,737 | €0 | -€8,737 | -100% |
| Gross operating margin | 9900 | €7,999 | - | -€7,999 | |
| Operating profit (loss) | 9901 | -€1,837 | -€517,957 | -€516,120 | -28,092% |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Other financial income | 752/9 | - | €110 | +€110 | |
| Financial charges | 65/66B | €220,727 | €1,134,291 | +€913,564 | +414% |
| Recurring financial charges | 65 | €220,727 | €310,090 | +€89,362 | +40.5% |
| Debt charges | 650 | - | €309,231 | +€309,231 | |
| Other financial charges | 652/9 | - | €859 | +€859 | |
| Non-recurring financial charges | 66B | - | €824,201 | +€824,201 | |
| Profit (loss) for the period before taxes | 9903 | -€222,565 | -€1,652,138 | -€1.4m | -642% |
| Income taxes | 67/77 | -€1,019 | €506 | +€1,525 | |
| Taxes | 670/3 | - | €506 | +€506 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€221,545 | -€1,652,644 | -€1.4m | -646% |
| Profit (loss) for the period to be appropriated | 9905 | -€221,545 | -€1,652,644 | -€1.4m | -646% |
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 14 October 2026 via checked.be.