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
- Deferred charges and accrued income -€4,482
down €4,482 (-63.3%), from €7,086 to €2,604
- Receivables within one year -€3,231
down €3,231 (-35.0%), from €9,234 to €6,003
of which Other amounts receivable: -€4,724
- Cash +€1,533
up €1,533 (+1237.2%), from €124 to €1,657
mainly Debts after one year (+€18,565) and Deferred charges and accrued income (+€4,482)
- Profit (loss) carried forward -€23,313
down €23,313 (-1.7%), from -€1.4m to -€1.4m
- Debts after one year +€18,565
up €18,565 (+2.1%), from €895,515 to €914,081
- Trade debts -€1,430
down €1,430 (-60.8%), from €2,353 to €923
- Gross operating margin +€14,313
up €14,313 (+50.7%), from -€28,211 to -€13,899
- Depreciation -€643
down €643 (-83.1%), from €774 to €131
- Financial charges -€500
down €500 (-6.3%), from €7,894 to €7,394
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 | €39,727 | €33,416 | -€6,311 | -15.9% |
| Fixed assets | 21/28 | €23,284 | €23,152 | -€131 | -0.6% |
| Tangible fixed assets | 22/27 | €20,643 | €20,512 | -€131 | -0.6% |
| Land and buildings | 22 | €20,250 | €20,250 | = | 0.0% |
| Plant, machinery and equipment | 23 | €393 | €262 | -€131 | -33.3% |
| Financial fixed assets | 28 | €2,640 | €2,640 | = | 0.0% |
| Current assets | 29/58 | €16,444 | €10,264 | -€6,180 | -37.6% |
| Amounts receivable within one year | 40/41 | €9,234 | €6,003 | -€3,231 | -35.0% |
| Trade receivables | 40 | - | €1,492 | +€1,492 | |
| Other amounts receivable | 41 | €9,234 | €4,510 | -€4,724 | -51.2% |
| Cash at bank and in hand | 54/58 | €124 | €1,657 | +€1,533 | +1237.2% |
| Deferred charges and accrued income | 490/1 | €7,086 | €2,604 | -€4,482 | -63.3% |
| Total equity and liabilities | 10/49 | €39,727 | €33,416 | -€6,311 | -15.9% |
| Equity | 10/15 | -€858,330 | -€881,643 | -€23,313 | -2.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €20,250 | €20,250 | = | 0.0% |
| Reserves | 13 | €277,420 | €277,420 | = | 0.0% |
| Distributable reserves | 133 | €277,420 | €277,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,403,894 | -€1,427,207 | -€23,313 | -1.7% |
| Amounts payable | 17/49 | €898,058 | €915,059 | +€17,002 | +1.9% |
| Amounts payable after more than one year | 17 | €895,515 | €914,081 | +€18,565 | +2.1% |
| Financial debts | 170/4 | €895,515 | €914,081 | +€18,565 | +2.1% |
| Amounts payable within one year | 42/48 | €2,543 | €979 | -€1,564 | -61.5% |
| Trade debts | 44 | €2,353 | €923 | -€1,430 | -60.8% |
| Suppliers | 440/4 | €2,353 | €923 | -€1,430 | -60.8% |
| Taxes, remuneration and social security | 45 | €189 | €56 | -€134 | -70.7% |
| Taxes | 450/3 | €189 | €56 | -€134 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €131 | -€643 | -83.1% |
| Other operating charges | 640/8 | €1,799 | €1,834 | +€35 | +1.9% |
| Gross operating margin | 9900 | -€28,211 | -€13,899 | +€14,313 | +50.7% |
| Operating profit (loss) | 9901 | -€30,784 | -€15,863 | +€14,921 | +48.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,894 | €7,394 | -€500 | -6.3% |
| Recurring financial charges | 65 | €7,894 | €7,394 | -€500 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,677 | -€23,258 | +€15,420 | +39.9% |
| Income taxes | 67/77 | €187 | €56 | -€131 | -70.3% |
| Profit (loss) for the period | 9904 | -€38,864 | -€23,313 | +€15,551 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,864 | -€23,313 | +€15,551 | +40.0% |
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.