Reverz: 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.
Reverz
Largest movements
- Receivables within one year -€194,536
down €194,536 (-58.4%), from €332,985 to €138,448
of which Trade receivables: -€242,819
- Cash +€165,578
up €165,578 (+3,502%), from €4,727 to €170,305
mainly Other debts (+€205,787) and Receivables within one year (+€194,536)
- Receivables after one year -€40,471
down €40,471 (-75.5%), from €53,590 to €13,118
- Tangible fixed assets +€11,390
up €11,390 (+96.6%), from €11,792 to €23,182
of which Other tangible fixed assets: +€10,837
- Reserves -€263,243
down €263,243 (-87.1%), from €302,312 to €39,069
of which Distributable reserves: -€263,243
- Other debts +€205,787
up €205,787 (+331%), from €62,094 to €267,881
- Tax, wage and social debts -€19,894
down €19,894 (-97.2%), from €20,463 to €570
- Trade debts +€19,555
up €19,555 (+553%), from €3,536 to €23,091
- Write-downs +€221,219
new in 2025: €221,219
- Gross operating margin +€93,986
up €93,986 (+72.1%), from -€130,377 to -€36,391
- Taxes -€1,588
down €1,588 (-73.6%), from €2,158 to €570
- Financial income -€1,411
down €1,411 (-81.9%), from €1,722 to €312
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 | €407,005 | €349,565 | -€57,440 | -14.1% |
| Fixed assets | 21/28 | €11,792 | €23,182 | +€11,390 | +96.6% |
| Tangible fixed assets | 22/27 | €11,792 | €23,182 | +€11,390 | +96.6% |
| Land and buildings | 22 | €11,792 | €9,348 | -€2,445 | -20.7% |
| Plant, machinery and equipment | 23 | - | €2,997 | +€2,997 | |
| Other tangible fixed assets | 26 | - | €10,837 | +€10,837 | |
| Current assets | 29/58 | €395,213 | €326,383 | -€68,830 | -17.4% |
| Amounts receivable after more than one year | 29 | €53,590 | €13,118 | -€40,471 | -75.5% |
| Other amounts receivable | 291 | €53,590 | €13,118 | -€40,471 | -75.5% |
| Amounts receivable within one year | 40/41 | €332,985 | €138,448 | -€194,536 | -58.4% |
| Trade receivables | 40 | €331,853 | €89,034 | -€242,819 | -73.2% |
| Other amounts receivable | 41 | €1,132 | €49,414 | +€48,282 | +4,264% |
| Cash at bank and in hand | 54/58 | €4,727 | €170,305 | +€165,578 | +3,502% |
| Deferred charges and accrued income | 490/1 | €3,911 | €4,511 | +€600 | +15.3% |
| Total equity and liabilities | 10/49 | €407,005 | €349,565 | -€57,440 | -14.1% |
| Equity | 10/15 | €320,912 | €57,669 | -€263,243 | -82.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €302,312 | €39,069 | -€263,243 | -87.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €300,452 | €37,209 | -€263,243 | -87.6% |
| Amounts payable | 17/49 | €86,093 | €291,896 | +€205,803 | +239% |
| Amounts payable within one year | 42/48 | €86,093 | €291,541 | +€205,448 | +239% |
| Trade debts | 44 | €3,536 | €23,091 | +€19,555 | +553% |
| Suppliers | 440/4 | €3,536 | €23,091 | +€19,555 | +553% |
| Taxes, remuneration and social security | 45 | €20,463 | €570 | -€19,894 | -97.2% |
| Taxes | 450/3 | €20,463 | €570 | -€19,894 | -97.2% |
| Other amounts payable | 47/48 | €62,094 | €267,881 | +€205,787 | +331% |
| Accrued charges and deferred income | 492/3 | - | €355 | +€355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,445 | €2,653 | +€208 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €221,219 | +€221,219 | |
| Other operating charges | 640/8 | €2,990 | €2,253 | -€737 | -24.6% |
| Gross operating margin | 9900 | -€130,377 | -€36,391 | +€93,986 | +72.1% |
| Operating profit (loss) | 9901 | -€135,811 | -€262,516 | -€126,705 | -93.3% |
| Financial income | 75/76B | €1,722 | €312 | -€1,411 | -81.9% |
| Recurring financial income | 75 | €1,722 | €312 | -€1,411 | -81.9% |
| Financial charges | 65/66B | €745 | €469 | -€276 | -37.0% |
| Recurring financial charges | 65 | €745 | €469 | -€276 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€134,834 | -€262,673 | -€127,839 | -94.8% |
| Income taxes | 67/77 | €2,158 | €570 | -€1,588 | -73.6% |
| Profit (loss) for the period | 9904 | -€136,992 | -€263,243 | -€126,251 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,992 | -€263,243 | -€126,251 | -92.2% |
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 23 October 2026 via checked.be.