Reynaert Industrial Logic: what changed
Reynaert Industrial Logic
Largest movements
- Cash +€54,820
up €54,820 (+409%), from €13,415 to €68,235
mainly Net result for the year (+€35,380) and Receivables within one year (+€24,748)
- Receivables within one year -€24,748
down €24,748 (-48.4%), from €51,182 to €26,434
of which Trade receivables: -€27,254
- Deferred charges and accrued income -€1,540
down €1,540 (-45.5%), from €3,385 to €1,845
- Reserves +€122,753
new in 2025: €122,753
- Profit (loss) carried forward -€87,373
no longer reported in 2025 (was €87,373)
- Tax, wage and social debts -€6,883
down €6,883 (-21.6%), from €31,796 to €24,913
- Gross operating margin -€54,943
down €54,943 (-46.5%), from €118,056 to €63,113
- Taxes -€10,176
down €10,176 (-44.6%), from €22,828 to €12,652
- Depreciation +€7,531
up €7,531 (+157%), from €4,792 to €12,323
- Other operating charges -€1,900
down €1,900 (-68.5%), from €2,774 to €874
- Financial charges +€1,798
up €1,798 (+351%), from €512 to €2,310
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,918 | €153,415 | +€29,497 | +23.8% |
| Fixed assets | 21/28 | €55,936 | €56,901 | +€965 | +1.7% |
| Tangible fixed assets | 22/27 | €55,936 | €56,901 | +€965 | +1.7% |
| Plant, machinery and equipment | 23 | €24,457 | €25,952 | +€1,495 | +6.1% |
| Furniture and vehicles | 24 | €15,301 | €16,467 | +€1,166 | +7.6% |
| Other tangible fixed assets | 26 | €16,178 | €14,482 | -€1,696 | -10.5% |
| Current assets | 29/58 | €67,981 | €96,514 | +€28,533 | +42.0% |
| Amounts receivable within one year | 40/41 | €51,182 | €26,434 | -€24,748 | -48.4% |
| Trade receivables | 40 | €44,575 | €17,321 | -€27,254 | -61.1% |
| Other amounts receivable | 41 | €6,607 | €9,113 | +€2,506 | +37.9% |
| Cash at bank and in hand | 54/58 | €13,415 | €68,235 | +€54,820 | +409% |
| Deferred charges and accrued income | 490/1 | €3,385 | €1,845 | -€1,540 | -45.5% |
| Total equity and liabilities | 10/49 | €123,918 | €153,415 | +€29,497 | +23.8% |
| Equity | 10/15 | €88,873 | €124,253 | +€35,380 | +39.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €122,753 | +€122,753 | |
| Distributable reserves | 133 | - | €122,753 | +€122,753 | |
| Profit (loss) carried forward | 14 | €87,373 | - | -€87,373 | |
| Amounts payable | 17/49 | €35,045 | €29,162 | -€5,883 | -16.8% |
| Amounts payable within one year | 42/48 | €35,045 | €29,162 | -€5,883 | -16.8% |
| Trade debts | 44 | €3,249 | €4,249 | +€1,000 | +30.8% |
| Suppliers | 440/4 | €3,249 | €4,249 | +€1,000 | +30.8% |
| Taxes, remuneration and social security | 45 | €31,796 | €24,913 | -€6,883 | -21.6% |
| Taxes | 450/3 | €31,796 | €24,913 | -€6,883 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,792 | €12,323 | +€7,531 | +157% |
| Other operating charges | 640/8 | €2,774 | €874 | -€1,900 | -68.5% |
| Gross operating margin | 9900 | €118,056 | €63,113 | -€54,943 | -46.5% |
| Operating profit (loss) | 9901 | €110,491 | €49,916 | -€60,575 | -54.8% |
| Financial income | 75/76B | €222 | €426 | +€204 | +92.3% |
| Recurring financial income | 75 | €222 | €426 | +€204 | +92.3% |
| Financial charges | 65/66B | €512 | €2,310 | +€1,798 | +351% |
| Recurring financial charges | 65 | €512 | €2,310 | +€1,798 | +351% |
| Profit (loss) for the period before taxes | 9903 | €110,200 | €48,032 | -€62,168 | -56.4% |
| Income taxes | 67/77 | €22,828 | €12,652 | -€10,176 | -44.6% |
| Profit (loss) for the period | 9904 | €87,373 | €35,380 | -€51,993 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,373 | €35,380 | -€51,993 | -59.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.