REULENS: 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.
REULENS
Largest movements
- Receivables within one year -€25,494
down €25,494 (-42.2%), from €60,481 to €34,987
of which Other amounts receivable: -€15,730
- Cash -€21,755
down €21,755 (-58.0%), from €37,504 to €15,749
mainly Stocks and contracts (-€19,740) and Debts after one year (-€19,445)
- Stocks and contracts +€19,740
up €19,740 (+209%), from €9,460 to €29,200
of which Stocks: +€11,665
- Tangible fixed assets -€13,466
down €13,466 (-4.6%), from €292,270 to €278,805
of which Land and buildings: -€9,947
- Debts after one year -€19,445
down €19,445 (-17.1%), from €113,818 to €94,373
- Trade debts -€14,608
down €14,608 (-41.4%), from €35,305 to €20,697
- Tax, wage and social debts -€6,392
down €6,392 (-80.2%), from €7,967 to €1,575
- Gross operating margin -€16,458
down €16,458 (-36.1%), from €45,576 to €29,118
- Depreciation +€4,391
up €4,391 (+41.0%), from €10,704 to €15,095
- Write-downs -€2,849
down €2,849, from €1,424 to -€1,424
- Financial income -€1,425
down €1,425 (-71.3%), from €1,998 to €573
- Financial charges +€845
up €845 (+16.0%), from €5,284 to €6,129
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 | €410,120 | €372,014 | -€38,107 | -9.3% |
| Fixed assets | 21/28 | €292,270 | €278,805 | -€13,466 | -4.6% |
| Tangible fixed assets | 22/27 | €292,270 | €278,805 | -€13,466 | -4.6% |
| Land and buildings | 22 | €252,434 | €242,488 | -€9,947 | -3.9% |
| Plant, machinery and equipment | 23 | €39,594 | €34,689 | -€4,905 | -12.4% |
| Furniture and vehicles | 24 | €242 | €1,628 | +€1,386 | +574% |
| Current assets | 29/58 | €117,850 | €93,209 | -€24,641 | -20.9% |
| Stocks and contracts in progress | 3 | €9,460 | €29,200 | +€19,740 | +209% |
| Stocks | 30/36 | €9,460 | €21,125 | +€11,665 | +123% |
| Contracts in progress | 37 | - | €8,075 | +€8,075 | |
| Amounts receivable within one year | 40/41 | €60,481 | €34,987 | -€25,494 | -42.2% |
| Trade receivables | 40 | €37,694 | €27,931 | -€9,763 | -25.9% |
| Other amounts receivable | 41 | €22,787 | €7,057 | -€15,730 | -69.0% |
| Cash at bank and in hand | 54/58 | €37,504 | €15,749 | -€21,755 | -58.0% |
| Deferred charges and accrued income | 490/1 | €10,405 | €13,272 | +€2,868 | +27.6% |
| Total equity and liabilities | 10/49 | €410,120 | €372,014 | -€38,107 | -9.3% |
| Equity | 10/15 | €233,687 | €235,923 | +€2,236 | +1.0% |
| Contributions | 10/11 | €369,500 | €369,500 | = | 0.0% |
| Capital | 10 | €369,500 | €369,500 | = | 0.0% |
| Issued capital | 100 | €369,500 | €369,500 | = | 0.0% |
| Reserves | 13 | €36,950 | €36,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,950 | €36,950 | = | 0.0% |
| Legal reserve | 130 | €36,950 | €36,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,763 | -€170,527 | +€2,236 | +1.3% |
| Amounts payable | 17/49 | €176,433 | €136,090 | -€40,343 | -22.9% |
| Amounts payable after more than one year | 17 | €113,818 | €94,373 | -€19,445 | -17.1% |
| Financial debts | 170/4 | €113,818 | €94,373 | -€19,445 | -17.1% |
| Amounts payable within one year | 42/48 | €62,271 | €41,717 | -€20,554 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €18,998 | €19,445 | +€447 | +2.4% |
| Trade debts | 44 | €35,305 | €20,697 | -€14,608 | -41.4% |
| Suppliers | 440/4 | €35,305 | €20,697 | -€14,608 | -41.4% |
| Taxes, remuneration and social security | 45 | €7,967 | €1,575 | -€6,392 | -80.2% |
| Taxes | 450/3 | €7,967 | €1,575 | -€6,392 | -80.2% |
| Accrued charges and deferred income | 492/3 | €344 | - | -€344 | |
| Non-recurring operating income | 76A | €23,139 | - | -€23,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,704 | €15,095 | +€4,391 | +41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,424 | -€1,424 | -€2,849 | |
| Other operating charges | 640/8 | €7,208 | €7,656 | +€448 | +6.2% |
| Gross operating margin | 9900 | €45,576 | €29,118 | -€16,458 | -36.1% |
| Operating profit (loss) | 9901 | €26,240 | €7,791 | -€18,448 | -70.3% |
| Financial income | 75/76B | €1,998 | €573 | -€1,425 | -71.3% |
| Recurring financial income | 75 | €1,998 | €573 | -€1,425 | -71.3% |
| Financial charges | 65/66B | €5,284 | €6,129 | +€845 | +16.0% |
| Recurring financial charges | 65 | €5,284 | €6,129 | +€845 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €22,954 | €2,236 | -€20,718 | -90.3% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €22,954 | €2,236 | -€20,718 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,954 | €2,236 | -€20,718 | -90.3% |
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 27 October 2026 via checked.be.