De Rechte Weg: 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.
De Rechte Weg
Largest movements
- Tangible fixed assets +€706,900
up €706,900 (+1,293%), from €54,683 to €761,583
of which Land and buildings: +€698,755
- Receivables within one year -€239,159
down €239,159 (-92.8%), from €257,580 to €18,422
- Cash -€11,485
down €11,485 (-99.3%), from €11,565 to €79
mainly Investment in fixed assets (net) (-€726,640) and Trade debts (-€63,181)
- Debts after one year +€497,105
new in 2025: €497,105
- Trade debts -€63,181
down €63,181 (-98.8%), from €63,969 to €788
- Tax, wage and social debts -€43,790
down €43,790 (-40.3%), from €108,757 to €64,967
of which Taxes: -€32,131
- Profit (loss) carried forward +€31,450
up €31,450, from €0 to €31,450
- Short-term financial debts +€26,449
up €26,449, from €0 to €26,449
- Gross operating margin -€157,807
down €157,807 (-46.7%), from €338,016 to €180,209
- Staff costs -€53,371
down €53,371 (-37.5%), from €142,512 to €89,140
- Taxes -€31,478
down €31,478 (-64.1%), from €49,079 to €17,601
- Financial income -€11,137
down €11,137 (-69.3%), from €16,060 to €4,924
- Other operating charges +€9,579
up €9,579 (+180%), from €5,317 to €14,896
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 | €326,877 | €782,710 | +€455,833 | +139% |
| Fixed assets | 21/28 | €54,683 | €761,583 | +€706,900 | +1,293% |
| Tangible fixed assets | 22/27 | €54,683 | €761,583 | +€706,900 | +1,293% |
| Land and buildings | 22 | - | €698,755 | +€698,755 | |
| Plant, machinery and equipment | 23 | €10,054 | €8,018 | -€2,036 | -20.3% |
| Furniture and vehicles | 24 | €1,158 | €17,491 | +€16,332 | +1,410% |
| Other tangible fixed assets | 26 | €43,470 | €37,320 | -€6,150 | -14.1% |
| Current assets | 29/58 | €272,194 | €21,126 | -€251,068 | -92.2% |
| Stocks and contracts in progress | 3 | €2,975 | €2,625 | -€350 | -11.8% |
| Stocks | 30/36 | €2,975 | €2,625 | -€350 | -11.8% |
| Amounts receivable within one year | 40/41 | €257,580 | €18,422 | -€239,159 | -92.8% |
| Other amounts receivable | 41 | €257,580 | €18,422 | -€239,159 | -92.8% |
| Cash at bank and in hand | 54/58 | €11,565 | €79 | -€11,485 | -99.3% |
| Deferred charges and accrued income | 490/1 | €74 | - | -€74 | |
| Total equity and liabilities | 10/49 | €326,877 | €782,710 | +€455,833 | +139% |
| Equity | 10/15 | €154,150 | €185,600 | +€31,450 | +20.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €141,750 | €141,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,890 | €139,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €31,450 | +€31,450 | |
| Amounts payable | 17/49 | €172,726 | €597,109 | +€424,383 | +246% |
| Amounts payable after more than one year | 17 | - | €497,105 | +€497,105 | |
| Financial debts | 170/4 | - | €497,105 | +€497,105 | |
| Amounts payable within one year | 42/48 | €172,726 | €100,004 | -€72,723 | -42.1% |
| Financial debts | 43 | €0 | €26,449 | +€26,449 | |
| Credit institutions | 430/8 | €0 | €26,449 | +€26,449 | |
| Trade debts | 44 | €63,969 | €788 | -€63,181 | -98.8% |
| Suppliers | 440/4 | €63,969 | €788 | -€63,181 | -98.8% |
| Taxes, remuneration and social security | 45 | €108,757 | €64,967 | -€43,790 | -40.3% |
| Taxes | 450/3 | €97,098 | €64,967 | -€32,131 | -33.1% |
| Remuneration and social security | 454/9 | €11,659 | - | -€11,659 | |
| Other amounts payable | 47/48 | €0 | €7,800 | +€7,800 | |
| Remuneration, social security and pensions | 62 | €142,512 | €89,140 | -€53,371 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,407 | €19,739 | +€6,332 | +47.2% |
| Other operating charges | 640/8 | €5,317 | €14,896 | +€9,579 | +180% |
| Gross operating margin | 9900 | €338,016 | €180,209 | -€157,807 | -46.7% |
| Operating profit (loss) | 9901 | €176,780 | €56,433 | -€120,347 | -68.1% |
| Financial income | 75/76B | €16,060 | €4,924 | -€11,137 | -69.3% |
| Recurring financial income | 75 | €16,060 | €4,924 | -€11,137 | -69.3% |
| Financial charges | 65/66B | €3,871 | €12,306 | +€8,435 | +218% |
| Recurring financial charges | 65 | €3,871 | €12,306 | +€8,435 | +218% |
| Profit (loss) for the period before taxes | 9903 | €188,969 | €49,051 | -€139,918 | -74.0% |
| Income taxes | 67/77 | €49,079 | €17,601 | -€31,478 | -64.1% |
| Profit (loss) for the period | 9904 | €139,890 | €31,450 | -€108,440 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €139,890 | €31,450 | -€108,440 | -77.5% |
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 30 October 2026 via checked.be.