REY IT: 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.
REY IT
Largest movements
- Tangible fixed assets -€23,957
down €23,957 (-4.0%), from €601,357 to €577,400
of which Land and buildings: -€12,727
- Cash +€16,047
up €16,047 (+36.9%), from €43,466 to €59,512
mainly Net result for the year (+€71,797) and Other debts (+€27,067)
- Receivables within one year +€12,345
up €12,345 (+45.2%), from €27,339 to €39,684
of which Trade receivables: +€35,090
- Debts after one year -€28,483
down €28,483 (-6.3%), from €452,988 to €424,504
- Other debts +€27,067
new in 2025: €27,067
- Reserves +€11,797
up €11,797 (+7.8%), from €150,696 to €162,493
- Tax, wage and social debts -€8,726
down €8,726 (-22.7%), from €38,458 to €29,732
- Other operating charges -€22,595
down €22,595 (-86.8%), from €26,037 to €3,443
- Gross operating margin +€12,691
up €12,691 (+9.9%), from €127,650 to €140,341
- Taxes +€6,584
up €6,584 (+52.6%), from €12,510 to €19,094
- Financial charges +€4,888
up €4,888 (+31.8%), from €15,354 to €20,243
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 | €673,140 | €677,086 | +€3,946 | +0.6% |
| Formation expenses | 20 | €979 | €489 | -€489 | -50.0% |
| Fixed assets | 21/28 | €601,357 | €577,400 | -€23,957 | -4.0% |
| Tangible fixed assets | 22/27 | €601,357 | €577,400 | -€23,957 | -4.0% |
| Land and buildings | 22 | €550,203 | €537,476 | -€12,727 | -2.3% |
| Furniture and vehicles | 24 | €51,154 | €39,924 | -€11,230 | -22.0% |
| Current assets | 29/58 | €70,804 | €99,196 | +€28,392 | +40.1% |
| Amounts receivable within one year | 40/41 | €27,339 | €39,684 | +€12,345 | +45.2% |
| Trade receivables | 40 | €4,593 | €39,684 | +€35,090 | +763.9% |
| Other amounts receivable | 41 | €22,745 | €0 | -€22,745 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,466 | €59,512 | +€16,047 | +36.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €673,140 | €677,086 | +€3,946 | +0.6% |
| Equity | 10/15 | €153,696 | €165,493 | +€11,797 | +7.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €150,696 | €162,493 | +€11,797 | +7.8% |
| Distributable reserves | 133 | €150,696 | €162,493 | +€11,797 | +7.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €519,444 | €511,593 | -€7,852 | -1.5% |
| Amounts payable after more than one year | 17 | €452,988 | €424,504 | -€28,483 | -6.3% |
| Financial debts | 170/4 | €452,988 | €424,504 | -€28,483 | -6.3% |
| Amounts payable within one year | 42/48 | €66,457 | €87,088 | +€20,632 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €27,348 | €28,483 | +€1,136 | +4.2% |
| Trade debts | 44 | €651 | €1,806 | +€1,155 | +177.5% |
| Suppliers | 440/4 | €651 | €1,806 | +€1,155 | +177.5% |
| Taxes, remuneration and social security | 45 | €38,458 | €29,732 | -€8,726 | -22.7% |
| Taxes | 450/3 | €38,458 | €29,732 | -€8,726 | -22.7% |
| Other amounts payable | 47/48 | - | €27,067 | +€27,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,397 | €26,011 | -€1,386 | -5.1% |
| Other operating charges | 640/8 | €26,037 | €3,443 | -€22,595 | -86.8% |
| Gross operating margin | 9900 | €127,650 | €140,341 | +€12,691 | +9.9% |
| Operating profit (loss) | 9901 | €74,215 | €110,887 | +€36,672 | +49.4% |
| Financial income | 75/76B | €757 | €247 | -€510 | -67.4% |
| Recurring financial income | 75 | €757 | €247 | -€510 | -67.4% |
| Financial charges | 65/66B | €15,354 | €20,243 | +€4,888 | +31.8% |
| Recurring financial charges | 65 | €15,354 | €20,243 | +€4,888 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €59,617 | €90,891 | +€31,274 | +52.5% |
| Income taxes | 67/77 | €12,510 | €19,094 | +€6,584 | +52.6% |
| Profit (loss) for the period | 9904 | €47,107 | €71,797 | +€24,690 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,107 | €71,797 | +€24,690 | +52.4% |
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 5 October 2026 via checked.be.