REVA HINDERDAEL: 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.
REVA HINDERDAEL
Largest movements
- Tangible fixed assets +€217,533
up €217,533 (+377%), from €57,667 to €275,200
of which Land and buildings: +€230,744
- Cash +€214,131
up €214,131 (+1,283%), from €16,696 to €230,827
mainly Debts after one year (+€181,572) and Net result for the year (+€170,460)
- Deferred charges and accrued income -€8,412
down €8,412 (-85.6%), from €9,824 to €1,413
- Reserves +€187,234
new in 2025: €187,234
of which Distributable reserves: +€103,034
- Debts after one year +€181,572
up €181,572 (+487%), from €37,294 to €218,866
- Tax, wage and social debts +€23,183
up €23,183 (+434%), from €5,341 to €28,524
- Other debts +€20,603
up €20,603 (+288%), from €7,163 to €27,765
- Profit (loss) carried forward -€16,775
down €16,775 (-100%), from €16,775 to €0
- Gross operating margin +€240,885
up €240,885 (+492%), from €48,979 to €289,865
- Taxes +€45,842
up €45,842 (+874%), from €5,247 to €51,089
- Depreciation +€35,979
up €35,979 (+165%), from €21,829 to €57,808
- Financial charges +€5,635
up €5,635 (+162%), from €3,474 to €9,109
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 | €84,188 | €508,110 | +€423,922 | +504% |
| Fixed assets | 21/28 | €57,667 | €275,200 | +€217,533 | +377% |
| Tangible fixed assets | 22/27 | €57,667 | €275,200 | +€217,533 | +377% |
| Land and buildings | 22 | - | €230,744 | +€230,744 | |
| Plant, machinery and equipment | 23 | €8,250 | €7,889 | -€361 | -4.4% |
| Furniture and vehicles | 24 | €49,417 | €36,567 | -€12,850 | -26.0% |
| Current assets | 29/58 | €26,521 | €232,910 | +€206,389 | +778% |
| Amounts receivable within one year | 40/41 | - | €670 | +€670 | |
| Other amounts receivable | 41 | - | €670 | +€670 | |
| Cash at bank and in hand | 54/58 | €16,696 | €230,827 | +€214,131 | +1,283% |
| Deferred charges and accrued income | 490/1 | €9,824 | €1,413 | -€8,412 | -85.6% |
| Total equity and liabilities | 10/49 | €84,188 | €508,110 | +€423,922 | +504% |
| Equity | 10/15 | €19,775 | €190,234 | +€170,460 | +862% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €187,234 | +€187,234 | |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | - | €103,034 | +€103,034 | |
| Profit (loss) carried forward | 14 | €16,775 | €0 | -€16,775 | -100% |
| Amounts payable | 17/49 | €64,413 | €317,875 | +€253,462 | +393% |
| Amounts payable after more than one year | 17 | €37,294 | €218,866 | +€181,572 | +487% |
| Financial debts | 170/4 | €37,294 | €218,866 | +€181,572 | +487% |
| Amounts payable within one year | 42/48 | €26,901 | €86,246 | +€59,345 | +221% |
| Current portion of amounts payable after more than one year | 42 | €13,288 | €25,142 | +€11,854 | +89.2% |
| Trade debts | 44 | €1,109 | €4,815 | +€3,706 | +334% |
| Suppliers | 440/4 | €1,109 | €4,815 | +€3,706 | +334% |
| Taxes, remuneration and social security | 45 | €5,341 | €28,524 | +€23,183 | +434% |
| Taxes | 450/3 | €5,341 | €28,524 | +€23,183 | +434% |
| Other amounts payable | 47/48 | €7,163 | €27,765 | +€20,603 | +288% |
| Accrued charges and deferred income | 492/3 | €218 | €12,763 | +€12,545 | +5,753% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,829 | €57,808 | +€35,979 | +165% |
| Other operating charges | 640/8 | €1,654 | €1,399 | -€256 | -15.5% |
| Gross operating margin | 9900 | €48,979 | €289,865 | +€240,885 | +492% |
| Operating profit (loss) | 9901 | €25,496 | €230,658 | +€205,162 | +805% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,474 | €9,109 | +€5,635 | +162% |
| Recurring financial charges | 65 | €3,474 | €9,109 | +€5,635 | +162% |
| Profit (loss) for the period before taxes | 9903 | €22,022 | €221,549 | +€199,527 | +906% |
| Income taxes | 67/77 | €5,247 | €51,089 | +€45,842 | +874% |
| Profit (loss) for the period | 9904 | €16,775 | €170,460 | +€153,685 | +916% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,775 | €86,260 | +€69,485 | +414% |
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 31 October 2026 via checked.be.