Reynaert: 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.
Reynaert
Largest movements
- Cash -€5,681
down €5,681 (-6.3%), from €90,738 to €85,057
mainly Contributions, distributions and other (-€40,789) and Other debts (-€9,434)
- Tangible fixed assets -€3,789
down €3,789 (-12.6%), from €30,066 to €26,277
of which Plant, machinery and equipment: -€3,789
- Deferred charges and accrued income +€1,516
new in 2025: €1,516
- Other debts -€9,434
down €9,434 (-21.2%), from €44,538 to €35,104
- Financial income -€4,028
down €4,028 (-99.7%), from €4,042 to €14
- Depreciation -€1,433
down €1,433 (-27.4%), from €5,222 to €3,789
- Other operating charges -€1,033
down €1,033 (-8.6%), from €12,001 to €10,968
- Taxes +€1,027
new in 2025: €1,027
- Gross operating margin +€694
up €694 (+1.2%), from €56,083 to €56,777
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 | €120,826 | €112,872 | -€7,954 | -6.6% |
| Fixed assets | 21/28 | €30,066 | €26,277 | -€3,789 | -12.6% |
| Tangible fixed assets | 22/27 | €30,066 | €26,277 | -€3,789 | -12.6% |
| Land and buildings | 22 | €26,277 | €26,277 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,789 | - | -€3,789 | |
| Current assets | 29/58 | €90,760 | €86,596 | -€4,165 | -4.6% |
| Amounts receivable within one year | 40/41 | €22 | €22 | = | 0.0% |
| Other amounts receivable | 41 | €22 | €22 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,738 | €85,057 | -€5,681 | -6.3% |
| Deferred charges and accrued income | 490/1 | - | €1,516 | +€1,516 | |
| Total equity and liabilities | 10/49 | €120,826 | €112,872 | -€7,954 | -6.6% |
| Equity | 10/15 | €63,483 | €63,483 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Legal reserve | 130 | €1,983 | €1,983 | = | 0.0% |
| Amounts payable | 17/49 | €57,343 | €49,389 | -€7,954 | -13.9% |
| Amounts payable within one year | 42/48 | €57,343 | €48,368 | -€8,975 | -15.7% |
| Taxes, remuneration and social security | 45 | €12,805 | €13,264 | +€459 | +3.6% |
| Taxes | 450/3 | €12,805 | €13,264 | +€459 | +3.6% |
| Other amounts payable | 47/48 | €44,538 | €35,104 | -€9,434 | -21.2% |
| Accrued charges and deferred income | 492/3 | - | €1,022 | +€1,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,222 | €3,789 | -€1,433 | -27.4% |
| Other operating charges | 640/8 | €12,001 | €10,968 | -€1,033 | -8.6% |
| Gross operating margin | 9900 | €56,083 | €56,777 | +€694 | +1.2% |
| Operating profit (loss) | 9901 | €38,860 | €42,020 | +€3,160 | +8.1% |
| Financial income | 75/76B | €4,042 | €14 | -€4,028 | -99.7% |
| Recurring financial income | 75 | €4,042 | €14 | -€4,028 | -99.7% |
| Financial charges | 65/66B | €219 | €218 | -€1 | -0.6% |
| Recurring financial charges | 65 | €219 | €218 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €42,683 | €41,816 | -€867 | -2.0% |
| Income taxes | 67/77 | - | €1,027 | +€1,027 | |
| Profit (loss) for the period | 9904 | €42,683 | €40,789 | -€1,894 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,683 | €40,789 | -€1,894 | -4.4% |
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 14 October 2026 via checked.be.