reverence.: what changed
reverence.
Largest movements
- Receivables within one year -€42,917
down €42,917 (-26.5%), from €162,232 to €119,314
of which Trade receivables: -€43,177
- Cash +€41,114
up €41,114 (+30.2%), from €136,188 to €177,302
mainly Depreciation (+€55,186) and Receivables within one year (+€42,917)
- Intangible fixed assets -€40,464
down €40,464 (-10.2%), from €398,384 to €357,921
- Deferred charges and accrued income +€8,454
up €8,454 (+372%), from €2,270 to €10,724
- Tax, wage and social debts -€55,786
down €55,786 (-67.3%), from €82,952 to €27,167
of which Taxes: -€55,583
- Debts after one year -€47,700
down €47,700 (-11.1%), from €429,300 to €381,600
- Profit (loss) carried forward +€40,395
up €40,395 (+24.3%), from €165,920 to €206,316
- Trade debts +€24,407
up €24,407 (+170%), from €14,352 to €38,760
- Gross operating margin -€145,474
down €145,474 (-45.5%), from €320,074 to €174,600
- Taxes -€37,798
down €37,798 (-78.3%), from €48,263 to €10,465
- Staff costs +€12,235
up €12,235 (+25.9%), from €47,184 to €59,419
- Financial income +€4,498
up €4,498 (+4,089,282%), from €0 to €4,498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €712,819 | €674,017 | -€38,802 | -5.4% |
| Fixed assets | 21/28 | €412,129 | €366,676 | -€45,453 | -11.0% |
| Intangible fixed assets | 21 | €398,384 | €357,921 | -€40,464 | -10.2% |
| Tangible fixed assets | 22/27 | €13,745 | €8,755 | -€4,989 | -36.3% |
| Plant, machinery and equipment | 23 | €12,167 | €7,449 | -€4,718 | -38.8% |
| Furniture and vehicles | 24 | €1,577 | €1,306 | -€271 | -17.2% |
| Current assets | 29/58 | €300,690 | €307,341 | +€6,651 | +2.2% |
| Amounts receivable within one year | 40/41 | €162,232 | €119,314 | -€42,917 | -26.5% |
| Trade receivables | 40 | €162,232 | €119,054 | -€43,177 | -26.6% |
| Other amounts receivable | 41 | - | €260 | +€260 | |
| Cash at bank and in hand | 54/58 | €136,188 | €177,302 | +€41,114 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,270 | €10,724 | +€8,454 | +372% |
| Total equity and liabilities | 10/49 | €712,819 | €674,017 | -€38,802 | -5.4% |
| Equity | 10/15 | €185,920 | €226,316 | +€40,395 | +21.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,920 | €206,316 | +€40,395 | +24.3% |
| Amounts payable | 17/49 | €526,899 | €447,701 | -€79,198 | -15.0% |
| Amounts payable after more than one year | 17 | €429,300 | €381,600 | -€47,700 | -11.1% |
| Trade debts | 175 | €429,300 | €381,600 | -€47,700 | -11.1% |
| Amounts payable within one year | 42/48 | €97,304 | €65,926 | -€31,378 | -32.2% |
| Trade debts | 44 | €14,352 | €38,760 | +€24,407 | +170% |
| Suppliers | 440/4 | €14,352 | €38,760 | +€24,407 | +170% |
| Taxes, remuneration and social security | 45 | €82,952 | €27,167 | -€55,786 | -67.3% |
| Taxes | 450/3 | €82,749 | €27,167 | -€55,583 | -67.2% |
| Remuneration and social security | 454/9 | €203 | - | -€203 | |
| Accrued charges and deferred income | 492/3 | €294 | €175 | -€119 | -40.6% |
| Non-recurring operating income | 76A | - | €38,312 | +€38,312 | |
| Remuneration, social security and pensions | 62 | €47,184 | €59,419 | +€12,235 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,516 | €55,186 | +€670 | +1.2% |
| Other operating charges | 640/8 | €560 | €130 | -€431 | -76.9% |
| Non-recurring operating charges | 66A | €3,033 | - | -€3,033 | |
| Gross operating margin | 9900 | €320,074 | €174,600 | -€145,474 | -45.5% |
| Operating profit (loss) | 9901 | €214,780 | €59,865 | -€154,915 | -72.1% |
| Financial income | 75/76B | €0 | €4,498 | +€4,498 | +4,089,282% |
| Recurring financial income | 75 | €0 | €4,498 | +€4,498 | +4,089,282% |
| Financial charges | 65/66B | €15,084 | €13,504 | -€1,581 | -10.5% |
| Recurring financial charges | 65 | €15,084 | €13,504 | -€1,581 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €199,696 | €50,860 | -€148,836 | -74.5% |
| Income taxes | 67/77 | €48,263 | €10,465 | -€37,798 | -78.3% |
| Profit (loss) for the period | 9904 | €151,433 | €40,395 | -€111,038 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,433 | €40,395 | -€111,038 | -73.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.