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
- Receivables after one year +€265,449
up €265,449 (+112%), from €237,255 to €502,704
of which Other amounts receivable: +€275,000
- Tangible fixed assets -€156,119
down €156,119 (-4.5%), from €3.5m to €3.3m
- Debts after one year +€663,569
up €663,569 (+28.4%), from €2.3m to €3.0m
of which Financial debts: +€661,532
- Short-term financial debts -€283,076
down €283,076 (-84.2%), from €336,019 to €52,943
- Profit (loss) carried forward -€281,387
down €281,387 (-90.0%), from -€312,786 to -€594,172
- Accrued charges and deferred income +€141,168
up €141,168 (+300%), from €47,069 to €188,237
- Current portion of long-term debt -€118,530
down €118,530 (-52.9%), from €223,985 to €105,455
- Financial charges +€91,355
up €91,355 (+72.6%), from €125,895 to €217,250
of which Financial charges: +€88,011
- Gross operating margin -€44,883
down €44,883 (-32.6%), from €137,806 to €92,924
- Financial income +€25,284
up €25,284 (+207%), from €12,237 to €37,522
- Other operating charges +€18,905
up €18,905 (+115%), from €16,447 to €35,352
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,465,189 | €4,493,015 | +€27,826 | +0.6% |
| Fixed assets | 21/28 | €3,491,378 | €3,335,260 | -€156,119 | -4.5% |
| Tangible fixed assets | 22/27 | €3,491,378 | €3,335,260 | -€156,119 | -4.5% |
| Land and buildings | 22 | €3,491,378 | €3,335,260 | -€156,119 | -4.5% |
| Current assets | 29/58 | €973,811 | €1,157,755 | +€183,945 | +18.9% |
| Amounts receivable after more than one year | 29 | €237,255 | €502,704 | +€265,449 | +112% |
| Trade receivables | 290 | €62,255 | €52,704 | -€9,551 | -15.3% |
| Other amounts receivable | 291 | €175,000 | €450,000 | +€275,000 | +157% |
| Stocks and contracts in progress | 3 | €578,788 | €555,600 | -€23,188 | -4.0% |
| Stocks | 30/36 | €578,788 | €555,600 | -€23,188 | -4.0% |
| Amounts receivable within one year | 40/41 | €98,031 | €76,768 | -€21,263 | -21.7% |
| Trade receivables | 40 | €77,722 | €63,852 | -€13,870 | -17.8% |
| Other amounts receivable | 41 | €20,310 | €12,916 | -€7,393 | -36.4% |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €682 | €2,495 | +€1,814 | +266% |
| Deferred charges and accrued income | 490/1 | €56,055 | €17,188 | -€38,867 | -69.3% |
| Total equity and liabilities | 10/49 | €4,465,189 | €4,493,015 | +€27,826 | +0.6% |
| Equity | 10/15 | €1,370,652 | €1,089,265 | -€281,387 | -20.5% |
| Contributions | 10/11 | €1,670,000 | €1,670,000 | = | 0.0% |
| Reserves | 13 | €13,437 | €13,437 | = | 0.0% |
| Distributable reserves | 133 | €13,437 | €13,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€312,786 | -€594,172 | -€281,387 | -90.0% |
| Amounts payable | 17/49 | €3,094,537 | €3,403,750 | +€309,213 | +10.0% |
| Amounts payable after more than one year | 17 | €2,338,891 | €3,002,460 | +€663,569 | +28.4% |
| Financial debts | 170/4 | €2,334,928 | €2,996,460 | +€661,532 | +28.3% |
| Other amounts payable | 178/9 | €3,963 | €6,000 | +€2,037 | +51.4% |
| Amounts payable within one year | 42/48 | €708,577 | €213,053 | -€495,524 | -69.9% |
| Current portion of amounts payable after more than one year | 42 | €223,985 | €105,455 | -€118,530 | -52.9% |
| Financial debts | 43 | €336,019 | €52,943 | -€283,076 | -84.2% |
| Credit institutions | 430/8 | €336,019 | €52,943 | -€283,076 | -84.2% |
| Trade debts | 44 | €95,065 | €36,430 | -€58,634 | -61.7% |
| Suppliers | 440/4 | €95,065 | €36,430 | -€58,634 | -61.7% |
| Taxes, remuneration and social security | 45 | €1,841 | €270 | -€1,572 | -85.4% |
| Taxes | 450/3 | €1,841 | €270 | -€1,572 | -85.4% |
| Other amounts payable | 47/48 | €51,667 | €17,956 | -€33,712 | -65.2% |
| Accrued charges and deferred income | 492/3 | €47,069 | €188,237 | +€141,168 | +300% |
| Non-recurring operating income | 76A | €3,588 | - | -€3,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,920 | €159,230 | +€1,310 | +0.8% |
| Other operating charges | 640/8 | €16,447 | €35,352 | +€18,905 | +115% |
| Gross operating margin | 9900 | €137,806 | €92,924 | -€44,883 | -32.6% |
| Operating profit (loss) | 9901 | -€36,561 | -€101,658 | -€65,097 | -178% |
| Financial income | 75/76B | €12,237 | €37,522 | +€25,284 | +207% |
| Recurring financial income | 75 | €12,237 | €37,522 | +€25,284 | +207% |
| Financial charges | 65/66B | €125,895 | €217,250 | +€91,355 | +72.6% |
| Recurring financial charges | 65 | €125,895 | €213,906 | +€88,011 | +69.9% |
| Non-recurring financial charges | 66B | - | €3,344 | +€3,344 | |
| Profit (loss) for the period before taxes | 9903 | -€150,219 | -€281,387 | -€131,168 | -87.3% |
| Profit (loss) for the period | 9904 | -€150,219 | -€281,387 | -€131,168 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,219 | -€281,387 | -€131,168 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.