REUNION: 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.
REUNION
Largest movements
- Tangible fixed assets +€40,104
up €40,104 (+65.0%), from €61,709 to €101,813
of which Plant, machinery and equipment: +€36,850
- Cash -€33,787
down €33,787 (-19.2%), from €175,627 to €141,840
mainly Contributions, distributions and other (-€72,447) and Investment in fixed assets (net) (-€66,503)
- Current investments -€23,500
down €23,500 (-36.7%), from €64,000 to €40,500
- Receivables within one year -€14,594
down €14,594 (-23.9%), from €61,118 to €46,524
of which Trade receivables: -€22,013
- Deferred charges and accrued income -€6,962
down €6,962 (-53.3%), from €13,060 to €6,098
- Reserves -€72,447
down €72,447 (-34.2%), from €211,808 to €139,361
of which Distributable reserves: -€72,447
- Other debts +€66,852
up €66,852 (+997.0%), from €6,705 to €73,557
- Advances received -€18,599
no longer reported in 2025 (was €18,599)
- Tax, wage and social debts -€8,283
down €8,283 (-13.1%), from €63,328 to €55,045
of which Taxes: -€10,032
- Accrued charges and deferred income +€5,600
new in 2025: €5,600
- Gross operating margin -€42,112
down €42,112 (-9.3%), from €454,798 to €412,686
- Taxes -€16,263
down €16,263 (-99.5%), from €16,343 to €80
- Depreciation +€11,624
up €11,624 (+78.7%), from €14,775 to €26,399
- Staff costs -€5,964
down €5,964 (-1.6%), from €381,146 to €375,183
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 | €395,931 | €360,550 | -€35,381 | -8.9% |
| Fixed assets | 21/28 | €62,077 | €102,181 | +€40,104 | +64.6% |
| Tangible fixed assets | 22/27 | €61,709 | €101,813 | +€40,104 | +65.0% |
| Plant, machinery and equipment | 23 | €45,985 | €82,835 | +€36,850 | +80.1% |
| Furniture and vehicles | 24 | €9,252 | €12,473 | +€3,222 | +34.8% |
| Other tangible fixed assets | 26 | €6,473 | €6,505 | +€32 | +0.5% |
| Financial fixed assets | 28 | €368 | €368 | = | 0.0% |
| Current assets | 29/58 | €333,854 | €258,369 | -€75,485 | -22.6% |
| Stocks and contracts in progress | 3 | €20,049 | €23,407 | +€3,358 | +16.7% |
| Stocks | 30/36 | €20,049 | €23,407 | +€3,358 | +16.7% |
| Amounts receivable within one year | 40/41 | €61,118 | €46,524 | -€14,594 | -23.9% |
| Trade receivables | 40 | €61,118 | €39,104 | -€22,013 | -36.0% |
| Other amounts receivable | 41 | - | €7,420 | +€7,420 | |
| Current investments | 50/53 | €64,000 | €40,500 | -€23,500 | -36.7% |
| Cash at bank and in hand | 54/58 | €175,627 | €141,840 | -€33,787 | -19.2% |
| Deferred charges and accrued income | 490/1 | €13,060 | €6,098 | -€6,962 | -53.3% |
| Total equity and liabilities | 10/49 | €395,931 | €360,550 | -€35,381 | -8.9% |
| Equity | 10/15 | €230,450 | €156,628 | -€73,822 | -32.0% |
| Contributions | 10/11 | €18,642 | €18,642 | = | 0.0% |
| Reserves | 13 | €211,808 | €139,361 | -€72,447 | -34.2% |
| Non-distributable reserves | 130/1 | €1,864 | €1,864 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,864 | €1,864 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €191,194 | €118,747 | -€72,447 | -37.9% |
| Profit (loss) carried forward | 14 | - | -€1,375 | -€1,375 | |
| Amounts payable | 17/49 | €165,481 | €203,923 | +€38,442 | +23.2% |
| Amounts payable after more than one year | 17 | €16,948 | €12,022 | -€4,926 | -29.1% |
| Financial debts | 170/4 | €16,948 | €12,022 | -€4,926 | -29.1% |
| Amounts payable within one year | 42/48 | €148,533 | €186,300 | +€37,768 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €9,687 | €12,426 | +€2,739 | +28.3% |
| Trade debts | 44 | €50,214 | €45,273 | -€4,941 | -9.8% |
| Suppliers | 440/4 | €50,214 | €45,273 | -€4,941 | -9.8% |
| Advances received on contracts in progress | 46 | €18,599 | - | -€18,599 | |
| Taxes, remuneration and social security | 45 | €63,328 | €55,045 | -€8,283 | -13.1% |
| Taxes | 450/3 | €29,943 | €19,911 | -€10,032 | -33.5% |
| Remuneration and social security | 454/9 | €33,384 | €35,134 | +€1,749 | +5.2% |
| Other amounts payable | 47/48 | €6,705 | €73,557 | +€66,852 | +997.0% |
| Accrued charges and deferred income | 492/3 | - | €5,600 | +€5,600 | |
| Remuneration, social security and pensions | 62 | €381,146 | €375,183 | -€5,964 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,775 | €26,399 | +€11,624 | +78.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,250 | - | +€3,250 | |
| Other operating charges | 640/8 | €2,700 | €1,734 | -€966 | -35.8% |
| Gross operating margin | 9900 | €454,798 | €412,686 | -€42,112 | -9.3% |
| Operating profit (loss) | 9901 | €59,426 | €9,370 | -€50,056 | -84.2% |
| Financial income | 75/76B | €2,968 | €1,514 | -€1,453 | -49.0% |
| Recurring financial income | 75 | €2,968 | €1,514 | -€1,453 | -49.0% |
| Financial charges | 65/66B | €8,417 | €12,179 | +€3,762 | +44.7% |
| Recurring financial charges | 65 | €8,417 | €12,179 | +€3,762 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €53,977 | -€1,295 | -€55,272 | |
| Income taxes | 67/77 | €16,343 | €80 | -€16,263 | -99.5% |
| Profit (loss) for the period | 9904 | €37,634 | -€1,375 | -€39,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,634 | -€1,375 | -€39,009 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.