Rationalize-IT: 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.
Rationalize-IT
Largest movements
- Cash +€60,861
up €60,861 (+31.1%), from €195,927 to €256,788
mainly Other debts (+€65,301) and Net result for the year (+€63,870)
- Receivables within one year -€12,283
down €12,283 (-40.6%), from €30,262 to €17,979
of which Trade receivables: -€19,946
- Other debts +€65,301
up €65,301 (+15,401%), from €424 to €65,725
- Reserves -€22,489
down €22,489 (-9.9%), from €227,746 to €205,257
of which Distributable reserves: -€22,489
- Trade debts +€3,453
up €3,453 (+212%), from €1,631 to €5,084
- Taxes -€7,041
down €7,041 (-28.9%), from €24,378 to €17,337
- Gross operating margin -€5,128
down €5,128 (-5.6%), from €91,039 to €85,911
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 | €240,012 | €287,004 | +€46,992 | +19.6% |
| Fixed assets | 21/28 | €12,189 | €10,555 | -€1,634 | -13.4% |
| Tangible fixed assets | 22/27 | €12,189 | €10,555 | -€1,634 | -13.4% |
| Furniture and vehicles | 24 | €11,083 | €9,849 | -€1,234 | -11.1% |
| Other tangible fixed assets | 26 | €1,106 | €706 | -€400 | -36.2% |
| Current assets | 29/58 | €227,823 | €276,449 | +€48,626 | +21.3% |
| Amounts receivable within one year | 40/41 | €30,262 | €17,979 | -€12,283 | -40.6% |
| Trade receivables | 40 | €30,262 | €10,316 | -€19,946 | -65.9% |
| Other amounts receivable | 41 | - | €7,663 | +€7,663 | |
| Cash at bank and in hand | 54/58 | €195,927 | €256,788 | +€60,861 | +31.1% |
| Deferred charges and accrued income | 490/1 | €1,634 | €1,682 | +€48 | +2.9% |
| Total equity and liabilities | 10/49 | €240,012 | €287,004 | +€46,992 | +19.6% |
| Equity | 10/15 | €228,746 | €206,257 | -€22,489 | -9.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €227,746 | €205,257 | -€22,489 | -9.9% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €227,646 | €205,157 | -€22,489 | -9.9% |
| Amounts payable | 17/49 | €11,266 | €80,747 | +€69,481 | +617% |
| Amounts payable within one year | 42/48 | €11,266 | €80,502 | +€69,236 | +615% |
| Trade debts | 44 | €1,631 | €5,084 | +€3,453 | +212% |
| Suppliers | 440/4 | €1,631 | €5,084 | +€3,453 | +212% |
| Taxes, remuneration and social security | 45 | €9,211 | €9,693 | +€482 | +5.2% |
| Taxes | 450/3 | €9,211 | €6,913 | -€2,298 | -24.9% |
| Remuneration and social security | 454/9 | - | €2,780 | +€2,780 | |
| Other amounts payable | 47/48 | €424 | €65,725 | +€65,301 | +15,401% |
| Accrued charges and deferred income | 492/3 | - | €245 | +€245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,931 | €3,207 | +€276 | +9.4% |
| Other operating charges | 640/8 | €906 | €1,397 | +€491 | +54.2% |
| Gross operating margin | 9900 | €91,039 | €85,911 | -€5,128 | -5.6% |
| Operating profit (loss) | 9901 | €87,202 | €81,307 | -€5,895 | -6.8% |
| Financial charges | 65/66B | €100 | €100 | = | 0.0% |
| Recurring financial charges | 65 | €100 | €100 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €87,102 | €81,207 | -€5,895 | -6.8% |
| Income taxes | 67/77 | €24,378 | €17,337 | -€7,041 | -28.9% |
| Profit (loss) for the period | 9904 | €62,724 | €63,870 | +€1,146 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,724 | €63,870 | +€1,146 | +1.8% |
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 14 October 2026 via checked.be.