REYDA: 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.
REYDA
Largest movements
- Tangible fixed assets -€23,240
down €23,240 (-6.3%), from €369,907 to €346,667
- Cash -€23,217
down €23,217 (-74.6%), from €31,141 to €7,924
mainly Net result for the year (-€41,234) and Investment in fixed assets (net) (-€18,441)
- Receivables after one year -€6,840
down €6,840 (-6.9%), from €99,180 to €92,340
- Profit (loss) carried forward -€41,234
down €41,234 (-9.9%), from -€415,014 to -€456,248
- Trade debts -€7,112
down €7,112 (-100.0%), from €7,112 to €0
- Other operating charges -€5,554
down €5,554 (-42.2%), from €13,151 to €7,597
- Gross operating margin -€4,460
down €4,460 (-33.9%), from €13,158 to €8,698
- Depreciation -€2,256
down €2,256 (-5.1%), from €43,937 to €41,681
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 | €518,042 | €466,008 | -€52,034 | -10.0% |
| Fixed assets | 21/28 | €369,907 | €346,667 | -€23,240 | -6.3% |
| Tangible fixed assets | 22/27 | €369,907 | €346,667 | -€23,240 | -6.3% |
| Land and buildings | 22 | €317,573 | €306,914 | -€10,659 | -3.4% |
| Plant, machinery and equipment | 23 | €27,364 | €23,463 | -€3,901 | -14.3% |
| Furniture and vehicles | 24 | €24,970 | €16,290 | -€8,680 | -34.8% |
| Current assets | 29/58 | €148,135 | €119,341 | -€28,794 | -19.4% |
| Amounts receivable after more than one year | 29 | €99,180 | €92,340 | -€6,840 | -6.9% |
| Other amounts receivable | 291 | €99,180 | €92,340 | -€6,840 | -6.9% |
| Amounts receivable within one year | 40/41 | €9,480 | €9,480 | = | 0.0% |
| Other amounts receivable | 41 | €9,480 | €9,480 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,141 | €7,924 | -€23,217 | -74.6% |
| Deferred charges and accrued income | 490/1 | €8,334 | €9,597 | +€1,263 | +15.2% |
| Total equity and liabilities | 10/49 | €518,042 | €466,008 | -€52,034 | -10.0% |
| Equity | 10/15 | €226,225 | €184,992 | -€41,234 | -18.2% |
| Contributions | 10/11 | €570,155 | €570,155 | = | 0.0% |
| Capital | 10 | €570,155 | €570,155 | = | 0.0% |
| Issued capital | 100 | €570,155 | €570,155 | = | 0.0% |
| Reserves | 13 | €71,084 | €71,084 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,016 | €57,016 | = | 0.0% |
| Legal reserve | 130 | €57,016 | €57,016 | = | 0.0% |
| Distributable reserves | 133 | €14,069 | €14,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,014 | -€456,248 | -€41,234 | -9.9% |
| Amounts payable | 17/49 | €291,817 | €281,016 | -€10,801 | -3.7% |
| Amounts payable within one year | 42/48 | €291,517 | €280,716 | -€10,801 | -3.7% |
| Trade debts | 44 | €7,112 | €0 | -€7,112 | -100.0% |
| Suppliers | 440/4 | €7,112 | €0 | -€7,112 | -100.0% |
| Taxes, remuneration and social security | 45 | €753 | €829 | +€75 | +10.0% |
| Taxes | 450/3 | €753 | €829 | +€75 | +10.0% |
| Other amounts payable | 47/48 | €283,652 | €279,888 | -€3,764 | -1.3% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,937 | €41,681 | -€2,256 | -5.1% |
| Other operating charges | 640/8 | €13,151 | €7,597 | -€5,554 | -42.2% |
| Non-recurring operating charges | 66A | €2,688 | €0 | -€2,688 | -100.0% |
| Gross operating margin | 9900 | €13,158 | €8,698 | -€4,460 | -33.9% |
| Operating profit (loss) | 9901 | -€46,617 | -€40,579 | +€6,038 | +13.0% |
| Financial charges | 65/66B | €248 | €200 | -€48 | -19.2% |
| Recurring financial charges | 65 | €248 | €200 | -€48 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,865 | -€40,780 | +€6,085 | +13.0% |
| Income taxes | 67/77 | €375 | €454 | +€79 | +21.1% |
| Profit (loss) for the period | 9904 | -€47,240 | -€41,234 | +€6,006 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,240 | -€41,234 | +€6,006 | +12.7% |
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 9 October 2026 via checked.be.