RECHAIN: what changed
Two fiscal 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.
RECHAIN
Largest movements
- Cash +€3,488
up €3,488 (+56.1%), from €6,218 to €9,706
mainly Other debts (+€3,881) and Net result for the year (+€1,650)
- Tangible fixed assets +€2,893
up €2,893 (+12.0%), from €24,189 to €27,081
- Receivables within one year -€386
no longer reported in 2025 (was €386)
- Other debts +€3,881
up €3,881 (+77.1%), from €5,035 to €8,916
- Profit (loss) carried forward +€1,650
up €1,650 (+39.8%), from €4,144 to €5,794
- Tax, wage and social debts +€464
up €464 (+16.3%), from €2,852 to €3,316
- Turnover -€66,897
no longer reported in 2025 (was €66,897)
- Staff costs +€38,288
up €38,288 (+171.7%), from €22,295 to €60,583
- Purchases and services -€28,747
no longer reported in 2025 (was €28,747)
- Gross operating margin +€19,047
up €19,047 (+40.9%), from €46,613 to €65,660
- Depreciation -€15,693
no longer reported in 2025 (was €15,693)
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.
Cash bridge derived
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 | €30,793 | €36,787 | +€5,995 | +19.5% |
| Fixed assets | 21/28 | €24,189 | €27,081 | +€2,893 | +12.0% |
| Tangible fixed assets | 22/27 | €24,189 | €27,081 | +€2,893 | +12.0% |
| Furniture and vehicles | 24 | €24,189 | €27,081 | +€2,893 | +12.0% |
| Current assets | 29/58 | €6,604 | €9,706 | +€3,102 | +47.0% |
| Amounts receivable within one year | 40/41 | €386 | - | -€386 | |
| Trade receivables | 40 | €386 | - | -€386 | |
| Cash at bank and in hand | 54/58 | €6,218 | €9,706 | +€3,488 | +56.1% |
| Total equity and liabilities | 10/49 | €30,793 | €36,787 | +€5,995 | +19.5% |
| Equity | 10/15 | €22,906 | €24,556 | +€1,650 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €170 | €170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €170 | €170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €170 | €170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,144 | €5,794 | +€1,650 | +39.8% |
| Amounts payable | 17/49 | €7,887 | €12,231 | +€4,345 | +55.1% |
| Amounts payable within one year | 42/48 | €7,887 | €12,231 | +€4,345 | +55.1% |
| Taxes, remuneration and social security | 45 | €2,852 | €3,316 | +€464 | +16.3% |
| Taxes | 450/3 | €2,852 | €3,316 | +€464 | +16.3% |
| Other amounts payable | 47/48 | €5,035 | €8,916 | +€3,881 | +77.1% |
| Turnover | 70 | €66,897 | - | -€66,897 | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,747 | - | -€28,747 | |
| Remuneration, social security and pensions | 62 | €22,295 | €60,583 | +€38,288 | +171.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,693 | - | -€15,693 | |
| Other operating charges | 640/8 | €1,749 | €2,047 | +€298 | +17.0% |
| Gross operating margin | 9900 | €46,613 | €65,660 | +€19,047 | +40.9% |
| Operating profit (loss) | 9901 | €6,876 | €3,030 | -€3,846 | -55.9% |
| Financial charges | 65/66B | €234 | €152 | -€82 | -35.2% |
| Recurring financial charges | 65 | €234 | €152 | -€82 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €6,642 | €2,879 | -€3,763 | -56.7% |
| Income taxes | 67/77 | - | €1,229 | +€1,229 | |
| Profit (loss) for the period | 9904 | €6,642 | €1,650 | -€4,992 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,642 | €1,650 | -€4,992 | -75.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.