RATIONALFORCE: 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.
RATIONALFORCE
Largest movements
- Current investments +€156,000
new in 2025: €156,000
- Cash -€93,151
down €93,151 (-28.3%), from €328,928 to €235,776
mainly Current investments (-€156,000) and Deferred charges and accrued income (-€13,083)
- Receivables within one year -€34,327
down €34,327 (-100%), from €34,327 to €0
- Deferred charges and accrued income +€13,083
up €13,083 (+225%), from €5,813 to €18,896
- Reserves +€42,462
up €42,462 (+12.4%), from €343,358 to €385,820
- Gross operating margin -€10,108
down €10,108 (-13.7%), from €73,973 to €63,864
- Financial income -€4,675
down €4,675 (-75.2%), from €6,219 to €1,544
of which Non-recurring financial income: -€5,635
- Taxes -€3,174
down €3,174 (-15.4%), from €20,647 to €17,473
- Financial charges +€1,396
up €1,396 (+419%), from €333 to €1,729
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 | €376,568 | €415,013 | +€38,445 | +10.2% |
| Fixed assets | 21/28 | €7,500 | €4,340 | -€3,160 | -42.1% |
| Tangible fixed assets | 22/27 | €7,500 | €4,340 | -€3,160 | -42.1% |
| Plant, machinery and equipment | 23 | €2,412 | €1,146 | -€1,267 | -52.5% |
| Furniture and vehicles | 24 | €5,088 | €3,195 | -€1,893 | -37.2% |
| Current assets | 29/58 | €369,068 | €410,673 | +€41,605 | +11.3% |
| Amounts receivable within one year | 40/41 | €34,327 | €0 | -€34,327 | -100% |
| Trade receivables | 40 | €34,327 | €0 | -€34,327 | -100% |
| Current investments | 50/53 | - | €156,000 | +€156,000 | |
| Cash at bank and in hand | 54/58 | €328,928 | €235,776 | -€93,151 | -28.3% |
| Deferred charges and accrued income | 490/1 | €5,813 | €18,896 | +€13,083 | +225% |
| Total equity and liabilities | 10/49 | €376,568 | €415,013 | +€38,445 | +10.2% |
| Equity | 10/15 | €361,908 | €404,370 | +€42,462 | +11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €343,358 | €385,820 | +€42,462 | +12.4% |
| Distributable reserves | 133 | €343,358 | €385,820 | +€42,462 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,660 | €10,643 | -€4,017 | -27.4% |
| Amounts payable within one year | 42/48 | €14,660 | €10,497 | -€4,163 | -28.4% |
| Financial debts | 43 | €182 | €366 | +€183 | +100% |
| Other loans | 439 | €182 | €366 | +€183 | +100% |
| Trade debts | 44 | €2,129 | €33 | -€2,096 | -98.4% |
| Suppliers | 440/4 | €2,129 | €33 | -€2,096 | -98.4% |
| Taxes, remuneration and social security | 45 | €12,212 | €10,082 | -€2,131 | -17.4% |
| Taxes | 450/3 | €12,212 | €10,082 | -€2,131 | -17.4% |
| Other amounts payable | 47/48 | €136 | €17 | -€120 | -87.8% |
| Accrued charges and deferred income | 492/3 | - | €146 | +€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,514 | €3,160 | -€354 | -10.1% |
| Other operating charges | 640/8 | €623 | €585 | -€38 | -6.1% |
| Gross operating margin | 9900 | €73,973 | €63,864 | -€10,108 | -13.7% |
| Operating profit (loss) | 9901 | €69,836 | €60,119 | -€9,716 | -13.9% |
| Financial income | 75/76B | €6,219 | €1,544 | -€4,675 | -75.2% |
| Recurring financial income | 75 | €584 | €1,544 | +€960 | +164% |
| Non-recurring financial income | 76B | €5,635 | €0 | -€5,635 | -100% |
| Financial charges | 65/66B | €333 | €1,729 | +€1,396 | +419% |
| Recurring financial charges | 65 | €333 | €1,729 | +€1,396 | +419% |
| Profit (loss) for the period before taxes | 9903 | €75,722 | €59,935 | -€15,787 | -20.8% |
| Income taxes | 67/77 | €20,647 | €17,473 | -€3,174 | -15.4% |
| Profit (loss) for the period | 9904 | €55,075 | €42,462 | -€12,613 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,075 | €42,462 | -€12,613 | -22.9% |
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 19 October 2026 via checked.be.