REYNDERS: 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.
What changed
REYNDERS
NACE 41.003, General construction of other non-residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€751,921
2024 · -€851,466+€1.6m
Equity
€2.2m
2024 · €1.4m+€751,921
Cash
€250,004
2024 · €212,110+€37,894
Balance sheet total
€12.0m
2024 · €14.3m-€2.4m
Largest movements
Assets
- Receivables within one year -€2.1m
down €2.1m (-19.8%), from €10.8m to €8.7m
of which Trade receivables: -€1.7m
- Stocks and contracts -€287,173
down €287,173 (-55.9%), from €513,594 to €226,421
of which Contracts in progress: -€279,749
- Deferred charges and accrued income +€218,524
up €218,524 (+15.5%), from €1.4m to €1.6m
- Tangible fixed assets -€186,461
down €186,461 (-13.7%), from €1.4m to €1.2m
of which Leasing and similar rights: -€111,728
Equity and liabilities
- Trade debts -€2.1m
down €2.1m (-32.6%), from €6.5m to €4.4m
- Advances received -€1.0m
down €1.0m (-52.7%), from €1.9m to €920,581
- Profit (loss) carried forward +€751,921
up €751,921 (+77.1%), from -€975,300 to -€223,379
- Accrued charges and deferred income +€559,008
up €559,008 (+22.1%), from €2.5m to €3.1m
- Tax, wage and social debts -€240,276
down €240,276 (-22.1%), from €1.1m to €846,362
of which Taxes: -€191,518
Income statement
- Turnover -€9.6m
down €9.6m (-38.3%), from €25.2m to €15.5m
- Goods and materials -€8.1m
down €8.1m (-47.4%), from €17.1m to €9.0m
of which Purchases: -€7.9m
- Services and other goods -€1.0m
down €1.0m (-35.2%), from €2.9m to €1.9m
- Staff costs -€801,843
down €801,843 (-13.7%), from €5.9m to €5.1m
- Provisions -€393,522
down €393,522, from €245,986 to -€147,536
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.
Result 2024
-€851,466
Turnover
-€9.6m
Other operating income
+€375,339
Goods and materials
+€8.1m
Services and other goods
+€1.0m
Staff costs
+€801,843
Depreciation
+€8,141
Provisions
+€393,522
Other operating charges
-€54,183
Other operating items
+€735,878
Financial income
-€26,493
Financial charges
+€5,264
Taxes
-€121,618
Result 2025
€751,921
Cash bridge derived
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.
From operations
+€268,542
Investment
-€90,790
Financing
-€139,858
Cash 2024
€212,110
From operations (derived)
+€268,542
Net result for the year
+€751,921
Depreciation
+€277,251
Stocks and contracts
+€287,173
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€218,524
Provisions
-€147,536
Trade debts
-€2.1m
Tax, wage and social debts
-€240,276
Advances received
-€1.0m
Accrued charges and deferred income
+€559,008
Investment (derived)
-€90,790
Investment in fixed assets (net)
-€90,790
Financing
-€139,858
Debts after one year
-€121,160
Current portion of long-term debt
-€18,698
Cash 2025
€250,004
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,339,768 | €11,973,448 | -€2.4m | -16.5% |
| Fixed assets | 21/28 | €1,370,551 | €1,184,090 | -€186,461 | -13.6% |
| Tangible fixed assets | 22/27 | €1,365,767 | €1,179,306 | -€186,461 | -13.7% |
| Land and buildings | 22 | €525,893 | €474,758 | -€51,135 | -9.7% |
| Plant, machinery and equipment | 23 | €206,909 | €134,271 | -€72,638 | -35.1% |
| Furniture and vehicles | 24 | €83,181 | €131,619 | +€48,438 | +58.2% |
| Leasing and similar rights | 25 | €536,811 | €425,083 | -€111,728 | -20.8% |
| Other tangible fixed assets | 26 | €12,974 | €13,576 | +€602 | +4.6% |
| Financial fixed assets | 28 | €4,783 | €4,783 | = | 0.0% |
| Affiliated companies | 280/1 | €2,000 | €2,000 | = | 0.0% |
| Participating interests | 280 | €2,000 | €2,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,783 | €2,783 | = | 0.0% |
| Shares | 284 | €25 | €25 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,758 | €2,758 | = | 0.0% |
| Current assets | 29/58 | €12,969,217 | €10,789,358 | -€2.2m | -16.8% |
| Stocks and contracts in progress | 3 | €513,594 | €226,421 | -€287,173 | -55.9% |
| Stocks | 30/36 | €233,845 | €226,421 | -€7,424 | -3.2% |
| Raw materials and consumables | 30/31 | €233,845 | €226,421 | -€7,424 | -3.2% |
| Contracts in progress | 37 | €279,749 | - | -€279,749 | |
| Amounts receivable within one year | 40/41 | €10,833,727 | €8,684,623 | -€2.1m | -19.8% |
| Trade receivables | 40 | €6,978,405 | €5,267,165 | -€1.7m | -24.5% |
| Other amounts receivable | 41 | €3,855,321 | €3,417,458 | -€437,863 | -11.4% |
| Cash at bank and in hand | 54/58 | €212,110 | €250,004 | +€37,894 | +17.9% |
| Deferred charges and accrued income | 490/1 | €1,409,787 | €1,628,310 | +€218,524 | +15.5% |
| Total equity and liabilities | 10/49 | €14,339,768 | €11,973,448 | -€2.4m | -16.5% |
| Equity | 10/15 | €1,412,037 | €2,163,958 | +€751,921 | +53.3% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €387,337 | €387,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300,000 | €300,000 | = | 0.0% |
| Legal reserve | 130 | €300,000 | €300,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,337 | €87,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€975,300 | -€223,379 | +€751,921 | +77.1% |
| Provisions and deferred taxes | 16 | €340,917 | €193,380 | -€147,536 | -43.3% |
| Provisions for liabilities and charges | 160/5 | €340,917 | €193,380 | -€147,536 | -43.3% |
| Other liabilities and charges | 164/5 | €340,917 | €193,380 | -€147,536 | -43.3% |
| Amounts payable | 17/49 | €12,586,814 | €9,616,110 | -€3.0m | -23.6% |
| Amounts payable after more than one year | 17 | €378,236 | €257,076 | -€121,160 | -32.0% |
| Financial debts | 170/4 | €378,236 | €257,076 | -€121,160 | -32.0% |
| Leasing and similar obligations | 172 | €378,236 | €257,076 | -€121,160 | -32.0% |
| Amounts payable within one year | 42/48 | €9,674,521 | €6,265,970 | -€3.4m | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €136,093 | €117,395 | -€18,698 | -13.7% |
| Trade debts | 44 | €6,504,311 | €4,381,632 | -€2.1m | -32.6% |
| Suppliers | 440/4 | €6,504,311 | €4,381,632 | -€2.1m | -32.6% |
| Advances received on contracts in progress | 46 | €1,947,480 | €920,581 | -€1.0m | -52.7% |
| Taxes, remuneration and social security | 45 | €1,086,638 | €846,362 | -€240,276 | -22.1% |
| Taxes | 450/3 | €464,042 | €272,524 | -€191,518 | -41.3% |
| Remuneration and social security | 454/9 | €622,596 | €573,838 | -€48,758 | -7.8% |
| Accrued charges and deferred income | 492/3 | €2,534,056 | €3,093,064 | +€559,008 | +22.1% |
| Operating income | 70/76A | €25,607,153 | €17,079,463 | -€8.5m | -33.3% |
| Turnover | 70 | €25,167,911 | €15,529,003 | -€9.6m | -38.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €65,982 | €747,151 | +€681,169 | +1032.4% |
| Other operating income | 74 | €373,261 | €748,600 | +€375,339 | +100.6% |
| Non-recurring operating income | 76A | - | €54,709 | +€54,709 | |
| Operating charges | 60/66A | €26,441,236 | €16,167,313 | -€10.3m | -38.9% |
| Goods for resale, raw materials and consumables | 60 | €17,118,329 | €8,998,460 | -€8.1m | -47.4% |
| Purchases | 600/8 | €16,879,202 | €8,991,035 | -€7.9m | -46.7% |
| Change in stocks: decrease (increase) | 609 | €239,127 | €7,424 | -€231,703 | -96.9% |
| Services and other goods | 61 | €2,855,858 | €1,851,127 | -€1.0m | -35.2% |
| Remuneration, social security and pensions | 62 | €5,858,734 | €5,056,891 | -€801,843 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,392 | €277,251 | -€8,141 | -2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €245,986 | -€147,536 | -€393,522 | |
| Other operating charges | 640/8 | €76,938 | €131,121 | +€54,183 | +70.4% |
| Operating profit (loss) | 9901 | -€834,083 | €912,151 | +€1.7m | |
| Financial income | 75/76B | €51,017 | €24,524 | -€26,493 | -51.9% |
| Recurring financial income | 75 | €51,017 | €24,524 | -€26,493 | -51.9% |
| Income from current assets | 751 | €49,612 | €24,524 | -€25,088 | -50.6% |
| Other financial income | 752/9 | €1,405 | - | -€1,405 | |
| Financial charges | 65/66B | €62,673 | €57,409 | -€5,264 | -8.4% |
| Recurring financial charges | 65 | €62,673 | €57,409 | -€5,264 | -8.4% |
| Debt charges | 650 | €40,057 | €43,753 | +€3,697 | +9.2% |
| Other financial charges | 652/9 | €22,616 | €13,656 | -€8,961 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€845,739 | €879,266 | +€1.7m | |
| Income taxes | 67/77 | €5,727 | €127,346 | +€121,618 | +2123.4% |
| Taxes | 670/3 | €5,727 | €127,346 | +€121,618 | +2123.4% |
| Profit (loss) for the period | 9904 | -€851,466 | €751,921 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€851,466 | €751,921 | +€1.6m |
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 11 October 2026 via checked.be.