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
- Tangible fixed assets +€25,932
up €25,932 (+10.1%), from €257,674 to €283,606
of which Other tangible fixed assets: +€36,393
- Receivables within one year -€25,785
down €25,785 (-31.3%), from €82,342 to €56,556
of which Other amounts receivable: -€24,390
- Cash -€8,786
down €8,786 (-29.5%), from €29,735 to €20,949
mainly Investment in fixed assets (net) (-€40,445) and Contributions, distributions and other (-€34,206)
- Current investments +€6,341
up €6,341 (+14.1%), from €45,030 to €51,371
- Reserves +€32,201
up €32,201 (+13.7%), from €234,255 to €266,456
of which Distributable reserves: +€32,201
- Debts after one year -€29,813
down €29,813 (-42.0%), from €71,037 to €41,224
- Gross operating margin +€10,622
up €10,622 (+10.7%), from €98,836 to €109,458
- Purchases and services -€5,706
down €5,706 (-2.9%), from €196,317 to €190,611
- Taxes +€2,809
up €2,809 (+11.2%), from €24,968 to €27,777
- Depreciation +€1,536
up €1,536 (+11.8%), from €12,977 to €14,513
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 | €414,781 | €412,755 | -€2,026 | -0.5% |
| Fixed assets | 21/28 | €257,674 | €283,606 | +€25,932 | +10.1% |
| Tangible fixed assets | 22/27 | €257,674 | €283,606 | +€25,932 | +10.1% |
| Land and buildings | 22 | €220,219 | €215,348 | -€4,871 | -2.2% |
| Plant, machinery and equipment | 23 | €14 | - | -€14 | |
| Furniture and vehicles | 24 | €23,431 | €17,855 | -€5,576 | -23.8% |
| Other tangible fixed assets | 26 | €14,010 | €50,403 | +€36,393 | +260% |
| Current assets | 29/58 | €157,107 | €129,149 | -€27,958 | -17.8% |
| Amounts receivable within one year | 40/41 | €82,342 | €56,556 | -€25,785 | -31.3% |
| Trade receivables | 40 | €24,408 | €23,012 | -€1,396 | -5.7% |
| Other amounts receivable | 41 | €57,934 | €33,544 | -€24,390 | -42.1% |
| Current investments | 50/53 | €45,030 | €51,371 | +€6,341 | +14.1% |
| Cash at bank and in hand | 54/58 | €29,735 | €20,949 | -€8,786 | -29.5% |
| Deferred charges and accrued income | 490/1 | - | €272 | +€272 | |
| Total equity and liabilities | 10/49 | €414,781 | €412,755 | -€2,026 | -0.5% |
| Equity | 10/15 | €287,117 | €319,318 | +€32,201 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,255 | €266,456 | +€32,201 | +13.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €232,395 | €264,596 | +€32,201 | +13.9% |
| Profit (loss) carried forward | 14 | €34,262 | €34,262 | = | 0.0% |
| Amounts payable | 17/49 | €127,664 | €93,437 | -€34,227 | -26.8% |
| Amounts payable after more than one year | 17 | €71,037 | €41,224 | -€29,813 | -42.0% |
| Financial debts | 170/4 | €71,037 | €41,224 | -€29,813 | -42.0% |
| Amounts payable within one year | 42/48 | €56,628 | €52,213 | -€4,415 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €29,271 | €29,813 | +€541 | +1.8% |
| Trade debts | 44 | €11,743 | €8,913 | -€2,830 | -24.1% |
| Suppliers | 440/4 | €11,743 | €8,913 | -€2,830 | -24.1% |
| Taxes, remuneration and social security | 45 | €15,613 | €13,487 | -€2,126 | -13.6% |
| Taxes | 450/3 | €15,613 | €13,487 | -€2,126 | -13.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €196,317 | €190,611 | -€5,706 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,977 | €14,513 | +€1,536 | +11.8% |
| Other operating charges | 640/8 | €730 | €375 | -€355 | -48.6% |
| Gross operating margin | 9900 | €98,836 | €109,458 | +€10,622 | +10.7% |
| Operating profit (loss) | 9901 | €85,129 | €94,570 | +€9,442 | +11.1% |
| Financial income | 75/76B | €1,506 | €1,494 | -€12 | -0.8% |
| Recurring financial income | 75 | €1,506 | €1,494 | -€12 | -0.8% |
| Financial charges | 65/66B | €2,856 | €1,880 | -€976 | -34.2% |
| Recurring financial charges | 65 | €2,392 | €1,880 | -€512 | -21.4% |
| Non-recurring financial charges | 66B | €465 | - | -€465 | |
| Profit (loss) for the period before taxes | 9903 | €83,779 | €94,184 | +€10,406 | +12.4% |
| Income taxes | 67/77 | €24,968 | €27,777 | +€2,809 | +11.2% |
| Profit (loss) for the period | 9904 | €58,810 | €66,407 | +€7,597 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,810 | €66,407 | +€7,597 | +12.9% |
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.