REYNDERS-DAENEN: 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-DAENEN
NACE 46.425, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€47,133
2024 · -€9,631-€37,502
Equity
-€148,031
2024 · -€100,898-€47,133
Cash
€3,235
2024 · €4,257-€1,023
Balance sheet total
€1.4m
2024 · €1.5m-€33,623
Largest movements
Assets
- Stocks and contracts -€25,048
down €25,048 (-1.8%), from €1.4m to €1.4m
Equity and liabilities
- Profit (loss) carried forward -€47,133
down €47,133 (-22.0%), from -€213,821 to -€260,954
- Trade debts +€19,506
up €19,506 (+93.7%), from €20,808 to €40,314
Income statement
- Gross operating margin -€25,486
down €25,486 (-31.9%), from €79,931 to €54,445
- Staff costs +€10,553
up €10,553 (+12.4%), from €85,120 to €95,672
- Financial income -€4,737
down €4,737 (-21.0%), from €22,524 to €17,786
- Financial charges -€3,324
down €3,324 (-20.2%), from €16,435 to €13,112
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
-€9,631
Gross operating margin
-€25,486
Staff costs
-€10,553
Other operating charges
-€179
Financial income
-€4,737
Financial charges
+€3,324
Taxes
+€130
Result 2025
-€47,133
raises the resultlowers the result
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.
From operations
+€6,794
Investment
€0
Financing
-€7,817
Cash 2024
€4,257
From operations (derived)
+€6,794
Net result for the year
-€47,133
Depreciation
+€6,448
Stocks and contracts
+€25,048
Receivables within one year
+€3,377
Deferred charges and accrued income
-€2,273
Trade debts
+€19,506
Tax, wage and social debts
+€1,652
Other debts
-€64
Accrued charges and deferred income
+€233
Financing
-€7,817
Debts after one year
-€9,609
Current portion of long-term debt
+€536
Short-term financial debts
+€1,256
Cash 2025
€3,235
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,462 | €1,417,839 | -€33,623 | -2.3% |
| Fixed assets | 21/28 | €44,949 | €38,501 | -€6,448 | -14.3% |
| Tangible fixed assets | 22/27 | €44,769 | €38,321 | -€6,448 | -14.4% |
| Plant, machinery and equipment | 23 | €44,769 | €38,321 | -€6,448 | -14.4% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €1,406,512 | €1,379,338 | -€27,175 | -1.9% |
| Stocks and contracts in progress | 3 | €1,390,667 | €1,365,619 | -€25,048 | -1.8% |
| Stocks | 30/36 | €1,390,667 | €1,365,619 | -€25,048 | -1.8% |
| Amounts receivable within one year | 40/41 | €10,303 | €6,926 | -€3,377 | -32.8% |
| Trade receivables | 40 | €9,692 | €6,925 | -€2,767 | -28.5% |
| Other amounts receivable | 41 | €612 | €1 | -€611 | -99.8% |
| Cash at bank and in hand | 54/58 | €4,257 | €3,235 | -€1,023 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,284 | €3,557 | +€2,273 | +177% |
| Total equity and liabilities | 10/49 | €1,451,462 | €1,417,839 | -€33,623 | -2.3% |
| Equity | 10/15 | -€100,898 | -€148,031 | -€47,133 | -46.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €50,923 | €50,923 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €49,064 | €49,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,821 | -€260,954 | -€47,133 | -22.0% |
| Amounts payable | 17/49 | €1,552,359 | €1,565,869 | +€13,510 | +0.9% |
| Amounts payable after more than one year | 17 | €1,171,379 | €1,161,770 | -€9,609 | -0.8% |
| Financial debts | 170/4 | €1,171,379 | €1,161,770 | -€9,609 | -0.8% |
| Amounts payable within one year | 42/48 | €373,450 | €396,336 | +€22,886 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €9,074 | €9,609 | +€536 | +5.9% |
| Financial debts | 43 | - | €1,256 | +€1,256 | |
| Credit institutions | 430/8 | - | €1,256 | +€1,256 | |
| Trade debts | 44 | €20,808 | €40,314 | +€19,506 | +93.7% |
| Suppliers | 440/4 | €20,808 | €40,314 | +€19,506 | +93.7% |
| Taxes, remuneration and social security | 45 | €29,825 | €31,477 | +€1,652 | +5.5% |
| Taxes | 450/3 | €10,374 | €11,789 | +€1,414 | +13.6% |
| Remuneration and social security | 454/9 | €19,450 | €19,688 | +€238 | +1.2% |
| Other amounts payable | 47/48 | €313,744 | €313,680 | -€64 | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,530 | €7,763 | +€233 | +3.1% |
| Remuneration, social security and pensions | 62 | €85,120 | €95,672 | +€10,553 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,448 | €6,448 | = | 0.0% |
| Other operating charges | 640/8 | €3,812 | €3,991 | +€179 | +4.7% |
| Gross operating margin | 9900 | €79,931 | €54,445 | -€25,486 | -31.9% |
| Operating profit (loss) | 9901 | -€15,448 | -€51,667 | -€36,218 | -234% |
| Financial income | 75/76B | €22,524 | €17,786 | -€4,737 | -21.0% |
| Recurring financial income | 75 | €22,524 | €17,786 | -€4,737 | -21.0% |
| Financial charges | 65/66B | €16,435 | €13,112 | -€3,324 | -20.2% |
| Recurring financial charges | 65 | €16,435 | €13,112 | -€3,324 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,360 | -€46,992 | -€37,632 | -402% |
| Income taxes | 67/77 | €271 | €141 | -€130 | -48.0% |
| Profit (loss) for the period | 9904 | -€9,631 | -€47,133 | -€37,502 | -389% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,631 | -€47,133 | -€37,502 | -389% |
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 28 October 2026 via checked.be.