REYNAERTS: 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.
REYNAERTS
Largest movements
- Cash +€19,492
up €19,492 (+92.9%), from €20,977 to €40,470
mainly Depreciation (+€15,150) and Stocks and contracts (+€13,522)
- Tangible fixed assets -€15,150
down €15,150 (-68.8%), from €22,006 to €6,856
of which Land and buildings: -€12,666
- Stocks and contracts -€13,522
down €13,522 (-37.5%), from €36,101 to €22,579
of which Contracts in progress: -€10,000
- Receivables within one year -€3,440
down €3,440 (-5.1%), from €67,382 to €63,942
of which Other amounts receivable: -€4,830
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Accrued charges and deferred income +€10,338
up €10,338 (+7,546%), from €137 to €10,475
- Trade debts -€5,947
down €5,947 (-62.5%), from €9,515 to €3,568
- Tax, wage and social debts +€3,467
up €3,467 (+51.0%), from €6,795 to €10,262
- Current portion of long-term debt -€2,296
no longer reported in 2025 (was €2,296)
- Other operating charges +€12,143
up €12,143 (+368%), from €3,302 to €15,445
- Gross operating margin +€5,163
up €5,163 (+18.6%), from €27,793 to €32,956
- Financial charges +€3,127
up €3,127 (+439%), from €713 to €3,840
- Financial income +€969
up €969 (+269%), from €360 to €1,328
- Taxes -€855
down €855 (-23.2%), from €3,679 to €2,823
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 | €148,202 | €135,789 | -€12,412 | -8.4% |
| Fixed assets | 21/28 | €22,056 | €6,906 | -€15,150 | -68.7% |
| Tangible fixed assets | 22/27 | €22,006 | €6,856 | -€15,150 | -68.8% |
| Land and buildings | 22 | €15,405 | €2,739 | -€12,666 | -82.2% |
| Plant, machinery and equipment | 23 | €3,810 | €2,560 | -€1,250 | -32.8% |
| Furniture and vehicles | 24 | €2,791 | €1,556 | -€1,235 | -44.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €126,146 | €128,884 | +€2,738 | +2.2% |
| Stocks and contracts in progress | 3 | €36,101 | €22,579 | -€13,522 | -37.5% |
| Stocks | 30/36 | €26,101 | €22,579 | -€3,522 | -13.5% |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €67,382 | €63,942 | -€3,440 | -5.1% |
| Trade receivables | 40 | €61,499 | €62,889 | +€1,390 | +2.3% |
| Other amounts receivable | 41 | €5,883 | €1,053 | -€4,830 | -82.1% |
| Cash at bank and in hand | 54/58 | €20,977 | €40,470 | +€19,492 | +92.9% |
| Deferred charges and accrued income | 490/1 | €1,687 | €1,893 | +€207 | +12.2% |
| Total equity and liabilities | 10/49 | €148,202 | €135,789 | -€12,412 | -8.4% |
| Equity | 10/15 | €112,294 | €110,402 | -€1,892 | -1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €93,744 | €91,852 | -€1,892 | -2.0% |
| Tax-exempt reserves | 132 | €30,148 | €28,046 | -€2,102 | -7.0% |
| Distributable reserves | 133 | €63,596 | €63,806 | +€210 | +0.3% |
| Provisions and deferred taxes | 16 | €2,165 | €1,082 | -€1,082 | -50.0% |
| Deferred taxes | 168 | €2,165 | €1,082 | -€1,082 | -50.0% |
| Amounts payable | 17/49 | €33,743 | €24,305 | -€9,438 | -28.0% |
| Amounts payable within one year | 42/48 | €33,606 | €13,831 | -€19,776 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €2,296 | - | -€2,296 | |
| Trade debts | 44 | €9,515 | €3,568 | -€5,947 | -62.5% |
| Suppliers | 440/4 | €9,515 | €3,568 | -€5,947 | -62.5% |
| Taxes, remuneration and social security | 45 | €6,795 | €10,262 | +€3,467 | +51.0% |
| Taxes | 450/3 | €6,795 | €10,262 | +€3,467 | +51.0% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Accrued charges and deferred income | 492/3 | €137 | €10,475 | +€10,338 | +7,546% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,928 | €15,150 | -€778 | -4.9% |
| Other operating charges | 640/8 | €3,302 | €15,445 | +€12,143 | +368% |
| Gross operating margin | 9900 | €27,793 | €32,956 | +€5,163 | +18.6% |
| Operating profit (loss) | 9901 | €8,563 | €2,361 | -€6,202 | -72.4% |
| Financial income | 75/76B | €360 | €1,328 | +€969 | +269% |
| Recurring financial income | 75 | €360 | €1,328 | +€969 | +269% |
| Financial charges | 65/66B | €713 | €3,840 | +€3,127 | +439% |
| Recurring financial charges | 65 | €713 | €3,840 | +€3,127 | +439% |
| Profit (loss) for the period before taxes | 9903 | €8,209 | -€151 | -€8,361 | |
| Transfer from deferred taxes | 780 | €1,082 | €1,082 | = | 0.0% |
| Income taxes | 67/77 | €3,679 | €2,823 | -€855 | -23.2% |
| Profit (loss) for the period | 9904 | €5,613 | -€1,892 | -€7,505 | |
| Transfer from tax-exempt reserves | 789 | €2,102 | €2,102 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,715 | €210 | -€7,505 | -97.3% |
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 24 October 2026 via checked.be.