REYCA: 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.
What changed
REYCA
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,065
2024 · €96,357-€74,292
Equity
€469,125
2024 · €447,061+€22,065
Cash
€33,151
2024 · €288,705-€255,555
Balance sheet total
€4.3m
2024 · €4.6m-€318,713
Largest movements
Assets
- Cash -€255,555
down €255,555 (-88.5%), from €288,705 to €33,151
mainly Other debts (-€235,000) and Debts after one year (-€153,786)
Equity and liabilities
- Other debts -€235,000
down €235,000 (-12.3%), from €1.9m to €1.7m
- Debts after one year -€153,786
down €153,786 (-15.8%), from €975,171 to €821,385
Income statement
- Financial charges +€67,319
up €67,319 (+146.3%), from €46,006 to €113,326
- Gross operating margin -€8,565
down €8,565 (-4.1%), from €211,067 to €202,502
- Taxes -€6,420
down €6,420 (-30.7%), from €20,943 to €14,523
- Other operating charges +€5,329
up €5,329 (+41.9%), from €12,716 to €18,044
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.
Result 2024
€96,357
Gross operating margin
-€8,565
Depreciation
+€470
Other operating charges
-€5,329
Financial income
+€32
Financial charges
-€67,319
Taxes
+€6,420
Result 2025
€22,065
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.
From operations
-€70,205
Investment
€0
Financing
-€185,350
Cash 2024
€288,705
From operations (derived)
-€70,205
Net result for the year
+€22,065
Depreciation
+€37,381
Receivables within one year
+€16,640
Deferred charges and accrued income
+€9,137
Provisions
-€2,789
Trade debts
+€33,047
Tax, wage and social debts
+€6,314
Advances received
+€43,000
Other debts
-€235,000
Financing
-€185,350
Debts after one year
-€153,786
Current portion of long-term debt
-€19,064
Short-term financial debts
-€12,500
Cash 2025
€33,151
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,589,124 | €4,270,412 | -€318,713 | -6.9% |
| Fixed assets | 21/28 | €4,263,798 | €4,226,417 | -€37,381 | -0.9% |
| Tangible fixed assets | 22/27 | €2,459,970 | €2,422,589 | -€37,381 | -1.5% |
| Land and buildings | 22 | €2,459,926 | €2,422,589 | -€37,337 | -1.5% |
| Plant, machinery and equipment | 23 | €44 | - | -€44 | |
| Financial fixed assets | 28 | €1,803,828 | €1,803,828 | = | 0.0% |
| Current assets | 29/58 | €325,326 | €43,995 | -€281,331 | -86.5% |
| Amounts receivable within one year | 40/41 | €27,484 | €10,844 | -€16,640 | -60.5% |
| Trade receivables | 40 | €3,656 | €10,844 | +€7,189 | +196.6% |
| Other amounts receivable | 41 | €23,829 | - | -€23,829 | |
| Cash at bank and in hand | 54/58 | €288,705 | €33,151 | -€255,555 | -88.5% |
| Deferred charges and accrued income | 490/1 | €9,137 | - | -€9,137 | |
| Total equity and liabilities | 10/49 | €4,589,124 | €4,270,412 | -€318,713 | -6.9% |
| Equity | 10/15 | €447,061 | €469,125 | +€22,065 | +4.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €317,061 | €339,125 | +€22,065 | +7.0% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,716 | €97,300 | -€5,416 | -5.3% |
| Distributable reserves | 133 | €201,345 | €228,826 | +€27,481 | +13.6% |
| Provisions and deferred taxes | 16 | €52,891 | €50,102 | -€2,789 | -5.3% |
| Deferred taxes | 168 | €52,891 | €50,102 | -€2,789 | -5.3% |
| Amounts payable | 17/49 | €4,089,173 | €3,751,184 | -€337,989 | -8.3% |
| Amounts payable after more than one year | 17 | €975,171 | €821,385 | -€153,786 | -15.8% |
| Financial debts | 170/4 | €975,171 | €821,385 | -€153,786 | -15.8% |
| Amounts payable within one year | 42/48 | €3,114,002 | €2,929,800 | -€184,203 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €184,554 | €165,490 | -€19,064 | -10.3% |
| Financial debts | 43 | €1,012,500 | €1,000,000 | -€12,500 | -1.2% |
| Credit institutions | 430/8 | €1,012,500 | €1,000,000 | -€12,500 | -1.2% |
| Trade debts | 44 | €1,926 | €34,973 | +€33,047 | +1715.6% |
| Suppliers | 440/4 | €1,926 | €34,973 | +€33,047 | +1715.6% |
| Advances received on contracts in progress | 46 | - | €43,000 | +€43,000 | |
| Taxes, remuneration and social security | 45 | €8,195 | €14,509 | +€6,314 | +77.1% |
| Taxes | 450/3 | €8,195 | €14,509 | +€6,314 | +77.1% |
| Other amounts payable | 47/48 | €1,906,828 | €1,671,828 | -€235,000 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,851 | €37,381 | -€470 | -1.2% |
| Other operating charges | 640/8 | €12,716 | €18,044 | +€5,329 | +41.9% |
| Gross operating margin | 9900 | €211,067 | €202,502 | -€8,565 | -4.1% |
| Operating profit (loss) | 9901 | €160,501 | €147,077 | -€13,424 | -8.4% |
| Financial income | 75/76B | €17 | €48 | +€32 | +187.1% |
| Recurring financial income | 75 | €17 | €48 | +€32 | +187.1% |
| Financial charges | 65/66B | €46,006 | €113,326 | +€67,319 | +146.3% |
| Recurring financial charges | 65 | €46,006 | €113,326 | +€67,319 | +146.3% |
| Profit (loss) for the period before taxes | 9903 | €114,512 | €33,799 | -€80,712 | -70.5% |
| Transfer from deferred taxes | 780 | €2,789 | €2,789 | = | 0.0% |
| Income taxes | 67/77 | €20,943 | €14,523 | -€6,420 | -30.7% |
| Profit (loss) for the period | 9904 | €96,357 | €22,065 | -€74,292 | -77.1% |
| Transfer from tax-exempt reserves | 789 | €5,416 | €5,416 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,773 | €27,481 | -€74,292 | -73.0% |
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 10 October 2026 via checked.be.