VON REYEN: 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.
VON REYEN
Largest movements
- Tangible fixed assets -€25,462
down €25,462 (-2.3%), from €1.1m to €1.1m
of which Land and buildings: -€24,931
- Reserves -€37,592
down €37,592 (-12.7%), from €296,140 to €258,548
of which Distributable reserves: -€29,983
- Debts after one year +€13,763
up €13,763 (+3.6%), from €387,066 to €400,829
- Gross operating margin -€1,573
down €1,573 (-32.2%), from €4,888 to €3,315
- Other operating charges -€332
down €332 (-7.2%), from €4,610 to €4,278
- Financial charges -€218
down €218 (-1.6%), from €14,005 to €13,787
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 | €1,116,351 | €1,089,872 | -€26,479 | -2.4% |
| Fixed assets | 21/28 | €1,100,668 | €1,075,206 | -€25,462 | -2.3% |
| Tangible fixed assets | 22/27 | €1,100,668 | €1,075,206 | -€25,462 | -2.3% |
| Land and buildings | 22 | €1,097,577 | €1,072,647 | -€24,931 | -2.3% |
| Plant, machinery and equipment | 23 | €3,090 | €2,559 | -€531 | -17.2% |
| Current assets | 29/58 | €15,683 | €14,666 | -€1,017 | -6.5% |
| Amounts receivable within one year | 40/41 | €1,326 | €1,779 | +€453 | +34.2% |
| Other amounts receivable | 41 | €1,326 | €1,779 | +€453 | +34.2% |
| Cash at bank and in hand | 54/58 | €9,602 | €12,887 | +€3,285 | +34.2% |
| Deferred charges and accrued income | 490/1 | €4,755 | - | -€4,755 | |
| Total equity and liabilities | 10/49 | €1,116,351 | €1,089,872 | -€26,479 | -2.4% |
| Equity | 10/15 | €691,140 | €653,548 | -€37,592 | -5.4% |
| Contributions | 10/11 | €395,000 | €395,000 | = | 0.0% |
| Capital | 10 | €395,000 | €395,000 | = | 0.0% |
| Issued capital | 100 | €395,000 | €395,000 | = | 0.0% |
| Reserves | 13 | €296,140 | €258,548 | -€37,592 | -12.7% |
| Non-distributable reserves | 130/1 | €13,717 | €13,717 | = | 0.0% |
| Legal reserve | 130 | €13,717 | €13,717 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,184 | €99,575 | -€7,609 | -7.1% |
| Distributable reserves | 133 | €175,239 | €145,256 | -€29,983 | -17.1% |
| Provisions and deferred taxes | 16 | €35,728 | €33,192 | -€2,536 | -7.1% |
| Deferred taxes | 168 | €35,728 | €33,192 | -€2,536 | -7.1% |
| Amounts payable | 17/49 | €389,483 | €403,133 | +€13,650 | +3.5% |
| Amounts payable after more than one year | 17 | €387,066 | €400,829 | +€13,763 | +3.6% |
| Financial debts | 170/4 | €387,066 | €400,829 | +€13,763 | +3.6% |
| Amounts payable within one year | 42/48 | €2,417 | €2,303 | -€114 | -4.7% |
| Trade debts | 44 | €2,417 | €2,303 | -€114 | -4.7% |
| Suppliers | 440/4 | €2,417 | €2,303 | -€114 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,462 | €25,462 | = | 0.0% |
| Other operating charges | 640/8 | €4,610 | €4,278 | -€332 | -7.2% |
| Gross operating margin | 9900 | €4,888 | €3,315 | -€1,573 | -32.2% |
| Operating profit (loss) | 9901 | -€25,184 | -€26,425 | -€1,242 | -4.9% |
| Financial income | 75/76B | €66 | €84 | +€18 | +26.8% |
| Recurring financial income | 75 | €66 | €84 | +€18 | +26.8% |
| Financial charges | 65/66B | €14,005 | €13,787 | -€218 | -1.6% |
| Recurring financial charges | 65 | €14,005 | €13,787 | -€218 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,123 | -€40,128 | -€1,006 | -2.6% |
| Transfer from deferred taxes | 780 | €2,536 | €2,536 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€36,586 | -€37,592 | -€1,006 | -2.7% |
| Transfer from tax-exempt reserves | 789 | €7,609 | €7,609 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,977 | -€29,983 | -€1,006 | -3.5% |
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 21 October 2026 via checked.be.