Rey Solutions: 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.
Rey Solutions
Largest movements
- Current investments +€133,604
up €133,604 (+174%), from €77,000 to €210,604
- Cash -€77,404
down €77,404 (-41.3%), from €187,302 to €109,898
mainly Current investments (-€133,604) and Tax, wage and social debts (-€1,008)
- Tangible fixed assets -€12,703
down €12,703 (-29.4%), from €43,165 to €30,462
of which Furniture and vehicles: -€11,565
- Reserves +€42,873
up €42,873 (+13.5%), from €317,868 to €360,740
- Taxes +€2,294
up €2,294 (+12.4%), from €18,493 to €20,787
- Gross operating margin -€2,082
down €2,082 (-2.6%), from €79,602 to €77,520
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 | €338,788 | €381,562 | +€42,774 | +12.6% |
| Fixed assets | 21/28 | €43,165 | €30,462 | -€12,703 | -29.4% |
| Tangible fixed assets | 22/27 | €43,165 | €30,462 | -€12,703 | -29.4% |
| Furniture and vehicles | 24 | €39,480 | €27,915 | -€11,565 | -29.3% |
| Other tangible fixed assets | 26 | €3,686 | €2,547 | -€1,138 | -30.9% |
| Current assets | 29/58 | €295,623 | €351,100 | +€55,477 | +18.8% |
| Amounts receivable within one year | 40/41 | €29,097 | €28,929 | -€168 | -0.6% |
| Trade receivables | 40 | €28,120 | €28,924 | +€803 | +2.9% |
| Other amounts receivable | 41 | €977 | €5 | -€972 | -99.5% |
| Current investments | 50/53 | €77,000 | €210,604 | +€133,604 | +174% |
| Cash at bank and in hand | 54/58 | €187,302 | €109,898 | -€77,404 | -41.3% |
| Deferred charges and accrued income | 490/1 | €2,224 | €1,669 | -€555 | -25.0% |
| Total equity and liabilities | 10/49 | €338,788 | €381,562 | +€42,774 | +12.6% |
| Equity | 10/15 | €330,268 | €373,140 | +€42,873 | +13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €317,868 | €360,740 | +€42,873 | +13.5% |
| Distributable reserves | 133 | €317,868 | €360,740 | +€42,873 | +13.5% |
| Amounts payable | 17/49 | €8,520 | €8,422 | -€98 | -1.2% |
| Amounts payable within one year | 42/48 | €8,520 | €8,422 | -€98 | -1.2% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €1,164 | €1,830 | +€667 | +57.3% |
| Suppliers | 440/4 | €1,164 | €1,830 | +€667 | +57.3% |
| Taxes, remuneration and social security | 45 | €7,287 | €6,279 | -€1,008 | -13.8% |
| Taxes | 450/3 | €7,287 | €6,279 | -€1,008 | -13.8% |
| Other amounts payable | 47/48 | €69 | €302 | +€232 | +335% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,703 | €12,703 | = | 0.0% |
| Other operating charges | 640/8 | €503 | €400 | -€104 | -20.6% |
| Gross operating margin | 9900 | €79,602 | €77,520 | -€2,082 | -2.6% |
| Operating profit (loss) | 9901 | €66,396 | €64,417 | -€1,979 | -3.0% |
| Financial income | 75/76B | €7 | €53 | +€46 | +648% |
| Recurring financial income | 75 | €7 | €53 | +€46 | +648% |
| Financial charges | 65/66B | €182 | €811 | +€629 | +346% |
| Recurring financial charges | 65 | €182 | €811 | +€629 | +346% |
| Profit (loss) for the period before taxes | 9903 | €66,221 | €63,660 | -€2,562 | -3.9% |
| Income taxes | 67/77 | €18,493 | €20,787 | +€2,294 | +12.4% |
| Profit (loss) for the period | 9904 | €47,729 | €42,873 | -€4,856 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,729 | €42,873 | -€4,856 | -10.2% |
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 15 October 2026 via checked.be.