REUSE: 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.
REUSE
Largest movements
- Stocks and contracts +€92,886
up €92,886 (+106.3%), from €87,347 to €180,233
of which Contracts in progress: +€100,605
- Cash -€38,622
down €38,622 (-34.1%), from €113,384 to €74,762
mainly Stocks and contracts (-€92,886) and Other debts (-€57,149)
- Tangible fixed assets -€30,107
down €30,107 (-26.0%), from €115,726 to €85,619
of which Furniture and vehicles: -€18,011
- Receivables within one year -€20,754
down €20,754 (-21.1%), from €98,531 to €77,777
of which Trade receivables: -€23,880
- Other debts -€57,149
down €57,149 (-60.5%), from €94,517 to €37,368
- Reserves +€41,900
up €41,900 (+22.7%), from €184,808 to €226,709
of which Distributable reserves: +€41,900
- Accrued charges and deferred income +€33,786
new in 2025: €33,786
- Debts after one year -€13,964
down €13,964 (-34.3%), from €40,728 to €26,764
- Advances received -€4,454
no longer reported in 2025 (was €4,454)
- Gross operating margin -€25,246
down €25,246 (-7.7%), from €328,981 to €303,734
- Depreciation +€9,776
up €9,776 (+40.3%), from €24,241 to €34,017
- Other operating charges -€9,044
down €9,044 (-72.2%), from €12,532 to €3,487
- Taxes -€4,509
down €4,509 (-16.9%), from €26,645 to €22,136
- Financial charges +€3,937
up €3,937 (+237.7%), from €1,656 to €5,594
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 | €425,280 | €429,691 | +€4,411 | +1.0% |
| Fixed assets | 21/28 | €116,333 | €86,226 | -€30,107 | -25.9% |
| Tangible fixed assets | 22/27 | €115,726 | €85,619 | -€30,107 | -26.0% |
| Plant, machinery and equipment | 23 | €35,576 | €23,479 | -€12,096 | -34.0% |
| Furniture and vehicles | 24 | €80,150 | €62,139 | -€18,011 | -22.5% |
| Financial fixed assets | 28 | €607 | €607 | = | 0.0% |
| Current assets | 29/58 | €308,947 | €343,465 | +€34,518 | +11.2% |
| Stocks and contracts in progress | 3 | €87,347 | €180,233 | +€92,886 | +106.3% |
| Stocks | 30/36 | €87,347 | €79,628 | -€7,719 | -8.8% |
| Contracts in progress | 37 | - | €100,605 | +€100,605 | |
| Amounts receivable within one year | 40/41 | €98,531 | €77,777 | -€20,754 | -21.1% |
| Trade receivables | 40 | €98,531 | €74,651 | -€23,880 | -24.2% |
| Other amounts receivable | 41 | - | €3,126 | +€3,126 | |
| Cash at bank and in hand | 54/58 | €113,384 | €74,762 | -€38,622 | -34.1% |
| Deferred charges and accrued income | 490/1 | €9,684 | €10,692 | +€1,008 | +10.4% |
| Total equity and liabilities | 10/49 | €425,280 | €429,691 | +€4,411 | +1.0% |
| Equity | 10/15 | €208,708 | €250,608 | +€41,900 | +20.1% |
| Contributions | 10/11 | €23,900 | €23,900 | = | 0.0% |
| Outside capital | 11 | €23,900 | €23,900 | = | 0.0% |
| Other | 1109/19 | €23,900 | €23,900 | = | 0.0% |
| Reserves | 13 | €184,808 | €226,709 | +€41,900 | +22.7% |
| Tax-exempt reserves | 132 | €11,274 | €11,274 | = | 0.0% |
| Distributable reserves | 133 | €173,534 | €215,434 | +€41,900 | +24.1% |
| Amounts payable | 17/49 | €216,572 | €179,083 | -€37,489 | -17.3% |
| Amounts payable after more than one year | 17 | €40,728 | €26,764 | -€13,964 | -34.3% |
| Financial debts | 170/4 | €40,728 | €26,764 | -€13,964 | -34.3% |
| Amounts payable within one year | 42/48 | €175,844 | €118,532 | -€57,311 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €13,464 | €13,964 | +€501 | +3.7% |
| Trade debts | 44 | €25,910 | €26,241 | +€331 | +1.3% |
| Suppliers | 440/4 | €25,910 | €26,241 | +€331 | +1.3% |
| Advances received on contracts in progress | 46 | €4,454 | - | -€4,454 | |
| Taxes, remuneration and social security | 45 | €37,499 | €40,960 | +€3,461 | +9.2% |
| Taxes | 450/3 | €19,524 | €10,652 | -€8,872 | -45.4% |
| Remuneration and social security | 454/9 | €17,975 | €30,308 | +€12,333 | +68.6% |
| Other amounts payable | 47/48 | €94,517 | €37,368 | -€57,149 | -60.5% |
| Accrued charges and deferred income | 492/3 | - | €33,786 | +€33,786 | |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €200,171 | €197,482 | -€2,689 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,241 | €34,017 | +€9,776 | +40.3% |
| Other operating charges | 640/8 | €12,532 | €3,487 | -€9,044 | -72.2% |
| Gross operating margin | 9900 | €328,981 | €303,734 | -€25,246 | -7.7% |
| Operating profit (loss) | 9901 | €92,037 | €68,748 | -€23,288 | -25.3% |
| Financial income | 75/76B | €736 | €882 | +€146 | +19.8% |
| Recurring financial income | 75 | €736 | €882 | +€146 | +19.8% |
| Financial charges | 65/66B | €1,656 | €5,594 | +€3,937 | +237.7% |
| Recurring financial charges | 65 | €1,656 | €5,594 | +€3,937 | +237.7% |
| Profit (loss) for the period before taxes | 9903 | €91,116 | €64,036 | -€27,080 | -29.7% |
| Income taxes | 67/77 | €26,645 | €22,136 | -€4,509 | -16.9% |
| Profit (loss) for the period | 9904 | €64,471 | €41,900 | -€22,571 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,471 | €41,900 | -€22,571 | -35.0% |
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 3 October 2026 via checked.be.