REYNESCO: 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
REYNESCO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€795,210
2024 · €2.5m-€1.7m
Equity
€17.4m
2024 · €18.1m-€704,865
Cash
€2.9m
2024 · €3.2m-€304,664
Balance sheet total
€22.6m
2024 · €25.1m-€2.4m
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-5.9%), from €18.7m to €17.5m
of which Land and buildings: -€634,477
- Receivables within one year -€746,911
down €746,911 (-62.6%), from €1.2m to €446,737
of which Other amounts receivable: -€740,798
- Cash -€304,664
down €304,664 (-9.5%), from €3.2m to €2.9m
mainly Contributions, distributions and other (-€1.5m) and Other debts (-€1.4m)
Equity and liabilities
- Other debts -€1.4m
down €1.4m (-48.5%), from €2.9m to €1.5m
- Reserves -€704,865
down €704,865 (-5.6%), from €12.5m to €11.8m
of which Distributable reserves: -€597,638
Income statement
- Services and other goods -€57,555
down €57,555 (-24.1%), from €238,948 to €181,393
- Depreciation -€46,689
down €46,689 (-3.8%), from €1.2m to €1.2m
- Other operating income +€30,054
up €30,054 (+21.5%), from €139,566 to €169,619
- Financial charges -€25,976
down €25,976 (-31.0%), from €83,894 to €57,918
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
€2.5m
Turnover
+€3,526
Other operating income
+€30,054
Services and other goods
+€57,555
Staff costs
-€2,065
Depreciation
+€46,689
Other operating charges
-€21,290
Other operating items
-€2.4m
Financial income
-€5,532
Financial charges
+€25,976
Taxes
+€22,996
Deferred taxes and other
+€535,870
Result 2025
€795,210
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.5m
Investment
-€33,199
Financing
-€1.7m
Cash 2024
€3.2m
From operations (derived)
+€1.5m
Net result for the year
+€795,210
Depreciation
+€1.2m
Receivables after one year
+€180,000
Receivables within one year
+€746,911
Deferred charges and accrued income
+€58,060
Provisions
-€35,743
Trade debts
-€9,693
Tax, wage and social debts
-€65,942
Other debts
-€1.4m
Accrued charges and deferred income
+€25,472
Investment (derived)
-€33,199
Investment in fixed assets (net)
-€33,199
Financing
-€1.7m
Debts after one year
-€235,294
Contributions, distributions and other
-€1.5m
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,076,833 | €22,637,340 | -€2.4m | -9.7% |
| Fixed assets | 21/28 | €19,535,900 | €18,386,043 | -€1.1m | -5.9% |
| Intangible fixed assets | 21 | €168,220 | €124,988 | -€43,232 | -25.7% |
| Tangible fixed assets | 22/27 | €18,652,552 | €17,545,926 | -€1.1m | -5.9% |
| Land and buildings | 22 | €13,279,944 | €12,645,467 | -€634,477 | -4.8% |
| Other tangible fixed assets | 26 | €5,372,608 | €4,900,458 | -€472,150 | -8.8% |
| Financial fixed assets | 28 | €715,129 | €715,129 | = | 0.0% |
| Affiliated companies | 280/1 | €713,729 | €713,729 | = | 0.0% |
| Participating interests | 280 | €713,729 | €713,729 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,400 | €1,400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €5,540,932 | €4,251,298 | -€1.3m | -23.3% |
| Amounts receivable after more than one year | 29 | €1,080,000 | €900,000 | -€180,000 | -16.7% |
| Other amounts receivable | 291 | €1,080,000 | €900,000 | -€180,000 | -16.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,193,647 | €446,737 | -€746,911 | -62.6% |
| Trade receivables | 40 | €11,915 | €5,803 | -€6,112 | -51.3% |
| Other amounts receivable | 41 | €1,181,732 | €440,934 | -€740,798 | -62.7% |
| Cash at bank and in hand | 54/58 | €3,209,225 | €2,904,561 | -€304,664 | -9.5% |
| Deferred charges and accrued income | 490/1 | €58,060 | €0 | -€58,060 | -100% |
| Total equity and liabilities | 10/49 | €25,076,833 | €22,637,340 | -€2.4m | -9.7% |
| Equity | 10/15 | €18,139,823 | €17,434,958 | -€704,865 | -3.9% |
| Contributions | 10/11 | €5,600,000 | €5,600,000 | = | 0.0% |
| Capital | 10 | €5,600,000 | €5,600,000 | = | 0.0% |
| Issued capital | 100 | €5,600,000 | €5,600,000 | = | 0.0% |
| Reserves | 13 | €12,539,823 | €11,834,958 | -€704,865 | -5.6% |
| Non-distributable reserves | 130/1 | €560,000 | €560,000 | = | 0.0% |
| Legal reserve | 130 | €560,000 | €560,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500,383 | €1,393,155 | -€107,228 | -7.1% |
| Distributable reserves | 133 | €10,479,441 | €9,881,803 | -€597,638 | -5.7% |
| Provisions and deferred taxes | 16 | €500,128 | €464,385 | -€35,743 | -7.1% |
| Deferred taxes | 168 | €500,128 | €464,385 | -€35,743 | -7.1% |
| Amounts payable | 17/49 | €6,436,882 | €4,737,997 | -€1.7m | -26.4% |
| Amounts payable after more than one year | 17 | €3,117,647 | €2,882,353 | -€235,294 | -7.5% |
| Financial debts | 170/4 | €3,117,647 | €2,882,353 | -€235,294 | -7.5% |
| Credit institutions | 173 | €3,117,647 | €2,882,353 | -€235,294 | -7.5% |
| Amounts payable within one year | 42/48 | €3,271,935 | €1,782,872 | -€1.5m | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €235,294 | €235,294 | = | 0.0% |
| Trade debts | 44 | €14,096 | €4,403 | -€9,693 | -68.8% |
| Suppliers | 440/4 | €14,096 | €4,403 | -€9,693 | -68.8% |
| Taxes, remuneration and social security | 45 | €109,042 | €43,101 | -€65,942 | -60.5% |
| Taxes | 450/3 | €101,325 | €35,372 | -€65,953 | -65.1% |
| Remuneration and social security | 454/9 | €7,717 | €7,728 | +€11 | +0.1% |
| Other amounts payable | 47/48 | €2,913,503 | €1,500,075 | -€1.4m | -48.5% |
| Accrued charges and deferred income | 492/3 | €47,300 | €72,772 | +€25,472 | +53.9% |
| Operating income | 70/76A | €4,999,528 | €2,636,931 | -€2.4m | -47.3% |
| Turnover | 70 | €2,463,786 | €2,467,312 | +€3,526 | +0.1% |
| Other operating income | 74 | €139,566 | €169,619 | +€30,054 | +21.5% |
| Non-recurring operating income | 76A | €2,396,176 | €0 | -€2.4m | -100% |
| Operating charges | 60/66A | €1,718,947 | €1,638,057 | -€80,889 | -4.7% |
| Services and other goods | 61 | €238,948 | €181,393 | -€57,555 | -24.1% |
| Remuneration, social security and pensions | 62 | €65,531 | €67,596 | +€2,065 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,229,745 | €1,183,057 | -€46,689 | -3.8% |
| Other operating charges | 640/8 | €184,722 | €206,012 | +€21,290 | +11.5% |
| Operating profit (loss) | 9901 | €3,280,581 | €998,874 | -€2.3m | -69.6% |
| Financial income | 75/76B | €133,449 | €127,917 | -€5,532 | -4.1% |
| Recurring financial income | 75 | €133,449 | €127,917 | -€5,532 | -4.1% |
| Income from current assets | 751 | €131,834 | €127,543 | -€4,291 | -3.3% |
| Other financial income | 752/9 | €1,615 | €374 | -€1,241 | -76.8% |
| Financial charges | 65/66B | €83,894 | €57,918 | -€25,976 | -31.0% |
| Recurring financial charges | 65 | €83,894 | €57,918 | -€25,976 | -31.0% |
| Debt charges | 650 | €81,289 | €56,662 | -€24,627 | -30.3% |
| Other financial charges | 652/9 | €2,605 | €1,256 | -€1,349 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €3,330,137 | €1,068,873 | -€2.3m | -67.9% |
| Transfer from deferred taxes | 780 | €35,743 | €35,743 | = | 0.0% |
| Transfer to deferred taxes | 680 | €535,870 | €0 | -€535,870 | -100% |
| Income taxes | 67/77 | €332,402 | €309,406 | -€22,996 | -6.9% |
| Taxes | 670/3 | €332,402 | €311,330 | -€21,072 | -6.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €1,924 | +€1,924 | |
| Profit (loss) for the period | 9904 | €2,497,607 | €795,210 | -€1.7m | -68.2% |
| Transfer from tax-exempt reserves | 789 | €107,228 | €107,228 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €1,607,610 | €0 | -€1.6m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €997,224 | €902,437 | -€94,787 | -9.5% |
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 17 October 2026 via checked.be.