RESERVOIR A: 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
RESERVOIR A
NACE 71.113, Urban planning and landscape architecture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€238,902
2024 · €525,082-€286,180
Equity
€1.7m
2024 · €1.5m+€238,902
Cash
€332,415
2024 · €319,460+€12,955
Balance sheet total
€2.9m
2024 · €2.9m-€27,861
Largest movements
Assets
- Receivables within one year -€62,974
down €62,974 (-9.6%), from €656,231 to €593,258
of which Trade receivables: -€115,560
- Stocks and contracts +€32,571
up €32,571 (+4.0%), from €814,067 to €846,638
Equity and liabilities
- Profit (loss) carried forward +€234,055
up €234,055 (+23.0%), from €1.0m to €1.2m
- Short-term financial debts -€177,657
down €177,657 (-64.0%), from €277,657 to €100,000
- Trade debts -€81,822
down €81,822 (-29.8%), from €274,982 to €193,159
Income statement
- Purchases and services -€654,847
no longer reported in 2025 (was €654,847)
- Turnover -€549,294
down €549,294 (-19.1%), from €2.9m to €2.3m
- Gross operating margin -€231,274
down €231,274 (-24.8%), from €931,732 to €700,458
- Taxes -€88,178
down €88,178 (-50.1%), from €175,942 to €87,764
- Staff costs +€74,608
up €74,608 (+62.8%), from €118,778 to €193,386
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
€525,082
Gross operating margin
-€231,274
Staff costs
-€74,608
Depreciation
-€6,963
Other operating charges
-€56,062
Other operating items
+€78
Financial income
-€721
Financial charges
-€5,078
Taxes
+€88,178
Deferred taxes and other
+€270
Result 2025
€238,902
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
+€249,500
Investment
-€63,811
Financing
-€172,733
Cash 2024
€319,460
From operations (derived)
+€249,500
Net result for the year
+€238,902
Depreciation
+€72,450
Receivables after one year
+€2,700
Stocks and contracts
-€32,571
Receivables within one year
+€62,974
Deferred charges and accrued income
-€925
Provisions
-€5,200
Trade debts
-€81,822
Tax, wage and social debts
-€8,965
Other debts
+€1,957
Investment (derived)
-€63,811
Investment in fixed assets (net)
-€63,811
Financing
-€172,733
Debts after one year
-€18,061
Current portion of long-term debt
+€22,985
Short-term financial debts
-€177,657
Cash 2025
€332,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,927,909 | €2,900,048 | -€27,861 | -1.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €891,159 | €882,519 | -€8,639 | -1.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €886,692 | €877,553 | -€9,139 | -1.0% |
| Land and buildings | 22 | €763,692 | €776,919 | +€13,227 | +1.7% |
| Plant, machinery and equipment | 23 | €18,720 | €15,577 | -€3,144 | -16.8% |
| Furniture and vehicles | 24 | €104,280 | €85,058 | -€19,222 | -18.4% |
| Financial fixed assets | 28 | €4,467 | €4,967 | +€500 | +11.2% |
| Current assets | 29/58 | €2,036,750 | €2,017,528 | -€19,222 | -0.9% |
| Amounts receivable after more than one year | 29 | €10,888 | €8,188 | -€2,700 | -24.8% |
| Other amounts receivable | 291 | €10,888 | €8,188 | -€2,700 | -24.8% |
| Stocks and contracts in progress | 3 | €814,067 | €846,638 | +€32,571 | +4.0% |
| Stocks | 30/36 | €814,067 | €846,638 | +€32,571 | +4.0% |
| Amounts receivable within one year | 40/41 | €656,231 | €593,258 | -€62,974 | -9.6% |
| Trade receivables | 40 | €616,204 | €500,644 | -€115,560 | -18.8% |
| Other amounts receivable | 41 | €40,027 | €92,613 | +€52,586 | +131% |
| Current investments | 50/53 | €207,000 | €207,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €319,460 | €332,415 | +€12,955 | +4.1% |
| Deferred charges and accrued income | 490/1 | €29,104 | €30,029 | +€925 | +3.2% |
| Total equity and liabilities | 10/49 | €2,927,909 | €2,900,048 | -€27,861 | -1.0% |
| Equity | 10/15 | €1,498,647 | €1,737,549 | +€238,902 | +15.9% |
| Reserves | 13 | €482,845 | €487,692 | +€4,847 | +1.0% |
| Non-distributable reserves | 130/1 | €207,000 | €207,000 | = | 0.0% |
| Own shares acquired | 1312 | €207,000 | €207,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,812 | €116,659 | -€15,153 | -11.5% |
| Distributable reserves | 133 | €144,033 | €164,033 | +€20,000 | +13.9% |
| Profit (loss) carried forward | 14 | €1,015,802 | €1,249,857 | +€234,055 | +23.0% |
| Provisions and deferred taxes | 16 | €65,846 | €60,646 | -€5,200 | -7.9% |
| Deferred taxes | 168 | €65,846 | €60,646 | -€5,200 | -7.9% |
| Amounts payable | 17/49 | €1,363,416 | €1,101,853 | -€261,563 | -19.2% |
| Amounts payable after more than one year | 17 | €645,261 | €627,200 | -€18,061 | -2.8% |
| Financial debts | 170/4 | €645,261 | €627,200 | -€18,061 | -2.8% |
| Amounts payable within one year | 42/48 | €718,155 | €474,653 | -€243,502 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €115,949 | €138,934 | +€22,985 | +19.8% |
| Financial debts | 43 | €277,657 | €100,000 | -€177,657 | -64.0% |
| Credit institutions | 430/8 | €277,657 | €100,000 | -€177,657 | -64.0% |
| Trade debts | 44 | €274,982 | €193,159 | -€81,822 | -29.8% |
| Suppliers | 440/4 | €274,982 | €193,159 | -€81,822 | -29.8% |
| Taxes, remuneration and social security | 45 | €46,835 | €37,871 | -€8,965 | -19.1% |
| Taxes | 450/3 | €20,793 | €11,652 | -€9,141 | -44.0% |
| Remuneration and social security | 454/9 | €26,043 | €26,219 | +€176 | +0.7% |
| Other amounts payable | 47/48 | €2,732 | €4,689 | +€1,957 | +71.6% |
| Turnover | 70 | €2,873,675 | €2,324,381 | -€549,294 | -19.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €654,847 | - | -€654,847 | |
| Remuneration, social security and pensions | 62 | €118,778 | €193,386 | +€74,608 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,488 | €72,450 | +€6,963 | +10.6% |
| Other operating charges | 640/8 | €9,717 | €65,779 | +€56,062 | +577% |
| Non-recurring operating charges | 66A | €78 | - | -€78 | |
| Gross operating margin | 9900 | €931,732 | €700,458 | -€231,274 | -24.8% |
| Operating profit (loss) | 9901 | €737,672 | €368,843 | -€368,829 | -50.0% |
| Financial income | 75/76B | €752 | €31 | -€721 | -95.9% |
| Recurring financial income | 75 | €752 | €31 | -€721 | -95.9% |
| Financial charges | 65/66B | €42,330 | €47,408 | +€5,078 | +12.0% |
| Recurring financial charges | 65 | €42,330 | €47,408 | +€5,078 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €696,094 | €321,466 | -€374,628 | -53.8% |
| Transfer from deferred taxes | 780 | €4,930 | €5,200 | +€270 | +5.5% |
| Income taxes | 67/77 | €175,942 | €87,764 | -€88,178 | -50.1% |
| Profit (loss) for the period | 9904 | €525,082 | €238,902 | -€286,180 | -54.5% |
| Transfer from tax-exempt reserves | 789 | €14,075 | €15,153 | +€1,078 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €539,157 | €254,055 | -€285,102 | -52.9% |
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 20 October 2026 via checked.be.