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 +€20,175
up €20,175 (+10.1%), from €200,651 to €220,826
mainly Net result for the year (+€12,809) and Depreciation (+€11,980)
- Tangible fixed assets -€11,678
down €11,678 (-35.6%), from €32,761 to €21,083
of which Furniture and vehicles: -€10,815
- Reserves +€11,143
up €11,143 (+6.0%), from €186,177 to €197,320
of which Distributable reserves: +€11,143
- Gross operating margin -€39,747
down €39,747 (-59.8%), from €66,512 to €26,765
- Taxes -€10,507
down €10,507 (-61.2%), from €17,160 to €6,653
- Depreciation -€4,301
down €4,301 (-26.4%), from €16,281 to €11,980
- Financial income +€3,118
up €3,118 (+72.0%), from €4,332 to €7,450
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 | €239,812 | €245,980 | +€6,168 | +2.6% |
| Fixed assets | 21/28 | €33,062 | €21,083 | -€11,979 | -36.2% |
| Intangible fixed assets | 21 | €301 | - | -€301 | |
| Tangible fixed assets | 22/27 | €32,761 | €21,083 | -€11,678 | -35.6% |
| Land and buildings | 22 | €877 | €169 | -€708 | -80.7% |
| Plant, machinery and equipment | 23 | €530 | €375 | -€155 | -29.2% |
| Furniture and vehicles | 24 | €31,354 | €20,539 | -€10,815 | -34.5% |
| Current assets | 29/58 | €206,750 | €224,897 | +€18,147 | +8.8% |
| Amounts receivable within one year | 40/41 | €3,720 | €3,184 | -€536 | -14.4% |
| Trade receivables | 40 | €3,720 | €2,342 | -€1,378 | -37.0% |
| Other amounts receivable | 41 | - | €842 | +€842 | |
| Cash at bank and in hand | 54/58 | €200,651 | €220,826 | +€20,175 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,379 | €887 | -€1,492 | -62.7% |
| Total equity and liabilities | 10/49 | €239,812 | €245,980 | +€6,168 | +2.6% |
| Equity | 10/15 | €204,777 | €215,920 | +€11,143 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,177 | €197,320 | +€11,143 | +6.0% |
| Tax-exempt reserves | 132 | €21,445 | €21,445 | = | 0.0% |
| Distributable reserves | 133 | €164,732 | €175,875 | +€11,143 | +6.8% |
| Amounts payable | 17/49 | €35,035 | €30,060 | -€4,975 | -14.2% |
| Amounts payable within one year | 42/48 | €34,131 | €29,443 | -€4,688 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €335 | - | -€335 | |
| Trade debts | 44 | €313 | €177 | -€136 | -43.5% |
| Suppliers | 440/4 | €313 | €177 | -€136 | -43.5% |
| Taxes, remuneration and social security | 45 | €4,268 | €1,974 | -€2,294 | -53.7% |
| Taxes | 450/3 | €4,268 | €1,974 | -€2,294 | -53.7% |
| Other amounts payable | 47/48 | €29,215 | €27,292 | -€1,923 | -6.6% |
| Accrued charges and deferred income | 492/3 | €904 | €617 | -€287 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,281 | €11,980 | -€4,301 | -26.4% |
| Other operating charges | 640/8 | €1,041 | €820 | -€221 | -21.2% |
| Non-recurring operating charges | 66A | €198 | - | -€198 | |
| Gross operating margin | 9900 | €66,512 | €26,765 | -€39,747 | -59.8% |
| Operating profit (loss) | 9901 | €48,992 | €13,965 | -€35,027 | -71.5% |
| Financial income | 75/76B | €4,332 | €7,450 | +€3,118 | +72.0% |
| Recurring financial income | 75 | €4,332 | €7,450 | +€3,118 | +72.0% |
| Financial charges | 65/66B | €2,354 | €1,953 | -€401 | -17.0% |
| Recurring financial charges | 65 | €2,354 | €1,953 | -€401 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €50,970 | €19,462 | -€31,508 | -61.8% |
| Income taxes | 67/77 | €17,160 | €6,653 | -€10,507 | -61.2% |
| Profit (loss) for the period | 9904 | €33,810 | €12,809 | -€21,001 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,810 | €12,809 | -€21,001 | -62.1% |
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.