REUTER: 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.
REUTER
Largest movements
- Stocks and contracts +€59,725
up €59,725 (+30.7%), from €194,358 to €254,083
- Tangible fixed assets +€42,079
up €42,079 (+17.1%), from €246,557 to €288,636
of which Furniture and vehicles: +€44,988
- Receivables within one year -€15,649
down €15,649 (-24.6%), from €63,680 to €48,030
of which Trade receivables: -€12,803
- Cash -€9,714
down €9,714 (-13.2%), from €73,725 to €64,012
mainly Investment in fixed assets (net) (-€82,235) and Stocks and contracts (-€59,725)
- Reserves +€52,781
up €52,781 (+16.9%), from €312,900 to €365,680
of which Distributable reserves: +€52,781
- Accrued charges and deferred income +€22,613
up €22,613 (+100.7%), from €22,452 to €45,064
- Other debts +€21,962
up €21,962 (+330.6%), from €6,643 to €28,606
- Debts after one year -€12,564
down €12,564 (-13.9%), from €90,248 to €77,684
- Current portion of long-term debt -€8,848
down €8,848 (-41.3%), from €21,412 to €12,564
- Gross operating margin -€68,193
down €68,193 (-34.8%), from €196,014 to €127,821
- Taxes -€22,374
down €22,374 (-49.3%), from €45,376 to €23,002
- Depreciation +€5,525
up €5,525 (+16.0%), from €34,631 to €40,156
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €581,573 | €658,923 | +€77,351 | +13.3% |
| Fixed assets | 21/28 | €246,557 | €288,636 | +€42,079 | +17.1% |
| Tangible fixed assets | 22/27 | €246,557 | €288,636 | +€42,079 | +17.1% |
| Land and buildings | 22 | €153,289 | €150,380 | -€2,909 | -1.9% |
| Furniture and vehicles | 24 | €93,267 | €138,256 | +€44,988 | +48.2% |
| Current assets | 29/58 | €335,016 | €370,288 | +€35,272 | +10.5% |
| Stocks and contracts in progress | 3 | €194,358 | €254,083 | +€59,725 | +30.7% |
| Stocks | 30/36 | €194,358 | €254,083 | +€59,725 | +30.7% |
| Amounts receivable within one year | 40/41 | €63,680 | €48,030 | -€15,649 | -24.6% |
| Trade receivables | 40 | €58,023 | €45,220 | -€12,803 | -22.1% |
| Other amounts receivable | 41 | €5,657 | €2,810 | -€2,847 | -50.3% |
| Cash at bank and in hand | 54/58 | €73,725 | €64,012 | -€9,714 | -13.2% |
| Deferred charges and accrued income | 490/1 | €3,253 | €4,163 | +€910 | +28.0% |
| Total equity and liabilities | 10/49 | €581,573 | €658,923 | +€77,351 | +13.3% |
| Equity | 10/15 | €331,492 | €384,272 | +€52,781 | +15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €312,900 | €365,680 | +€52,781 | +16.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €311,040 | €363,821 | +€52,781 | +17.0% |
| Amounts payable | 17/49 | €250,081 | €274,651 | +€24,570 | +9.8% |
| Amounts payable after more than one year | 17 | €90,248 | €77,684 | -€12,564 | -13.9% |
| Financial debts | 170/4 | €90,248 | €77,684 | -€12,564 | -13.9% |
| Amounts payable within one year | 42/48 | €137,382 | €151,903 | +€14,522 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €21,412 | €12,564 | -€8,848 | -41.3% |
| Trade debts | 44 | €24,045 | €25,583 | +€1,538 | +6.4% |
| Suppliers | 440/4 | €24,045 | €25,583 | +€1,538 | +6.4% |
| Taxes, remuneration and social security | 45 | €85,282 | €85,150 | -€131 | -0.2% |
| Taxes | 450/3 | €85,282 | €85,150 | -€131 | -0.2% |
| Other amounts payable | 47/48 | €6,643 | €28,606 | +€21,962 | +330.6% |
| Accrued charges and deferred income | 492/3 | €22,452 | €45,064 | +€22,613 | +100.7% |
| Non-recurring operating income | 76A | €370 | €886 | +€516 | +139.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,631 | €40,156 | +€5,525 | +16.0% |
| Other operating charges | 640/8 | €3,645 | €3,718 | +€72 | +2.0% |
| Gross operating margin | 9900 | €196,014 | €127,821 | -€68,193 | -34.8% |
| Operating profit (loss) | 9901 | €157,737 | €83,948 | -€73,790 | -46.8% |
| Financial income | 75/76B | €1,281 | €1,362 | +€81 | +6.3% |
| Recurring financial income | 75 | €1,281 | €1,362 | +€81 | +6.3% |
| Financial charges | 65/66B | €11,196 | €9,527 | -€1,669 | -14.9% |
| Recurring financial charges | 65 | €11,196 | €9,527 | -€1,669 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €147,822 | €75,783 | -€72,040 | -48.7% |
| Income taxes | 67/77 | €45,376 | €23,002 | -€22,374 | -49.3% |
| Profit (loss) for the period | 9904 | €102,447 | €52,781 | -€49,666 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,447 | €52,781 | -€49,666 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.