Reynard Consultancy: 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.
Reynard Consultancy
Largest movements
- Receivables after one year +€28,000
up €28,000 (+140%), from €20,000 to €48,000
- Receivables within one year +€26,312
up €26,312 (+199%), from €13,196 to €39,508
of which Trade receivables: +€17,825
- Cash +€5,869
up €5,869 (+51.8%), from €11,336 to €17,205
mainly Net result for the year (+€42,938) and Tax, wage and social debts (+€13,535)
- Reserves +€42,938
up €42,938 (+124%), from €34,742 to €77,680
- Tax, wage and social debts +€13,535
up €13,535 (+91.0%), from €14,874 to €28,409
of which Taxes: +€6,820
- Trade debts +€3,841
up €3,841 (+234%), from €1,642 to €5,483
- Gross operating margin +€76,488
up €76,488 (+429%), from €17,816 to €94,304
- Staff costs +€38,303
new in 2025: €38,303
- Taxes +€8,386
up €8,386 (+250%), from €3,349 to €11,735
- Financial income +€1,723
up €1,723 (+137%), from €1,257 to €2,980
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 | €51,323 | €111,572 | +€60,249 | +117% |
| Fixed assets | 21/28 | €4,013 | €3,904 | -€109 | -2.7% |
| Tangible fixed assets | 22/27 | €4,013 | €3,904 | -€109 | -2.7% |
| Furniture and vehicles | 24 | €4,013 | €3,904 | -€109 | -2.7% |
| Current assets | 29/58 | €47,310 | €107,668 | +€60,358 | +128% |
| Amounts receivable after more than one year | 29 | €20,000 | €48,000 | +€28,000 | +140% |
| Other amounts receivable | 291 | €20,000 | €48,000 | +€28,000 | +140% |
| Amounts receivable within one year | 40/41 | €13,196 | €39,508 | +€26,312 | +199% |
| Trade receivables | 40 | €8,925 | €26,750 | +€17,825 | +200% |
| Other amounts receivable | 41 | €4,271 | €12,758 | +€8,487 | +199% |
| Cash at bank and in hand | 54/58 | €11,336 | €17,205 | +€5,869 | +51.8% |
| Deferred charges and accrued income | 490/1 | €2,778 | €2,955 | +€177 | +6.4% |
| Total equity and liabilities | 10/49 | €51,323 | €111,572 | +€60,249 | +117% |
| Equity | 10/15 | €34,742 | €77,680 | +€42,938 | +124% |
| Reserves | 13 | €34,742 | €77,680 | +€42,938 | +124% |
| Distributable reserves | 133 | €34,742 | €77,680 | +€42,938 | +124% |
| Amounts payable | 17/49 | €16,581 | €33,892 | +€17,311 | +104% |
| Amounts payable within one year | 42/48 | €16,516 | €33,892 | +€17,376 | +105% |
| Trade debts | 44 | €1,642 | €5,483 | +€3,841 | +234% |
| Suppliers | 440/4 | €1,642 | €5,483 | +€3,841 | +234% |
| Taxes, remuneration and social security | 45 | €14,874 | €28,409 | +€13,535 | +91.0% |
| Taxes | 450/3 | €9,490 | €16,310 | +€6,820 | +71.9% |
| Remuneration and social security | 454/9 | €5,384 | €12,099 | +€6,715 | +125% |
| Accrued charges and deferred income | 492/3 | €65 | - | -€65 | |
| Remuneration, social security and pensions | 62 | - | €38,303 | +€38,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,939 | €2,247 | +€308 | +15.9% |
| Other operating charges | 640/8 | €159 | €101 | -€58 | -36.5% |
| Gross operating margin | 9900 | €17,816 | €94,304 | +€76,488 | +429% |
| Operating profit (loss) | 9901 | €15,718 | €53,653 | +€37,935 | +241% |
| Financial income | 75/76B | €1,257 | €2,980 | +€1,723 | +137% |
| Recurring financial income | 75 | €1,257 | €2,980 | +€1,723 | +137% |
| Financial charges | 65/66B | €2,339 | €1,960 | -€379 | -16.2% |
| Recurring financial charges | 65 | €2,339 | €1,960 | -€379 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €14,636 | €54,673 | +€40,037 | +274% |
| Income taxes | 67/77 | €3,349 | €11,735 | +€8,386 | +250% |
| Profit (loss) for the period | 9904 | €11,287 | €42,938 | +€31,651 | +280% |
| Profit (loss) for the period to be appropriated | 9905 | €11,287 | €42,938 | +€31,651 | +280% |
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 21 October 2026 via checked.be.