REchato: 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.
REchato
Largest movements
- Stocks and contracts +€931,786
up €931,786 (+205.3%), from €453,863 to €1.4m
- Financial fixed assets -€90,000
no longer reported in 2025 (was €90,000)
- Receivables within one year +€80,204
up €80,204 (+818.4%), from €9,800 to €90,004
of which Other amounts receivable: +€90,004
- Cash -€29,787
down €29,787 (-84.0%), from €35,482 to €5,694
mainly Stocks and contracts (-€931,786) and Net result for the year (-€83,356)
- Short-term financial debts +€522,500
up €522,500 (+197.2%), from €265,000 to €787,500
- Other debts +€313,445
up €313,445 (+4933.9%), from €6,353 to €319,798
- Current portion of long-term debt +€138,300
up €138,300 (+20.7%), from €667,000 to €805,300
- Profit (loss) carried forward -€83,356
down €83,356 (-55.7%), from -€149,644 to -€232,999
- Gross operating margin -€16,408
down €16,408 (-97.3%), from -€16,861 to -€33,269
- Other operating charges +€1,467
up €1,467 (+64.8%), from €2,263 to €3,730
- Financial charges +€697
up €697 (+2.1%), from €32,770 to €33,466
- Financial income -€483
down €483 (-100.0%), from €483 to €0
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 | €992,274 | €1,878,334 | +€886,059 | +89.3% |
| Fixed assets | 21/28 | €115,290 | €12,400 | -€102,890 | -89.2% |
| Tangible fixed assets | 22/27 | €25,290 | €12,400 | -€12,890 | -51.0% |
| Furniture and vehicles | 24 | €25,290 | €12,400 | -€12,890 | -51.0% |
| Financial fixed assets | 28 | €90,000 | - | -€90,000 | |
| Current assets | 29/58 | €876,984 | €1,865,934 | +€988,950 | +112.8% |
| Amounts receivable after more than one year | 29 | €375,481 | €383,015 | +€7,533 | +2.0% |
| Other amounts receivable | 291 | €375,481 | €383,015 | +€7,533 | +2.0% |
| Stocks and contracts in progress | 3 | €453,863 | €1,385,650 | +€931,786 | +205.3% |
| Stocks | 30/36 | €453,863 | €1,385,650 | +€931,786 | +205.3% |
| Amounts receivable within one year | 40/41 | €9,800 | €90,004 | +€80,204 | +818.4% |
| Trade receivables | 40 | €9,800 | - | -€9,800 | |
| Other amounts receivable | 41 | - | €90,004 | +€90,004 | |
| Cash at bank and in hand | 54/58 | €35,482 | €5,694 | -€29,787 | -84.0% |
| Deferred charges and accrued income | 490/1 | €2,358 | €1,571 | -€786 | -33.4% |
| Total equity and liabilities | 10/49 | €992,274 | €1,878,334 | +€886,059 | +89.3% |
| Equity | 10/15 | €35,356 | -€47,999 | -€83,356 | |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,644 | -€232,999 | -€83,356 | -55.7% |
| Amounts payable | 17/49 | €956,918 | €1,926,333 | +€969,415 | +101.3% |
| Amounts payable within one year | 42/48 | €952,300 | €1,926,333 | +€974,033 | +102.3% |
| Current portion of amounts payable after more than one year | 42 | €667,000 | €805,300 | +€138,300 | +20.7% |
| Financial debts | 43 | €265,000 | €787,500 | +€522,500 | +197.2% |
| Credit institutions | 430/8 | €265,000 | €787,500 | +€522,500 | +197.2% |
| Trade debts | 44 | €9,800 | €8,387 | -€1,413 | -14.4% |
| Suppliers | 440/4 | €9,800 | €8,387 | -€1,413 | -14.4% |
| Taxes, remuneration and social security | 45 | €4,147 | €5,348 | +€1,201 | +29.0% |
| Taxes | 450/3 | €2,597 | €3,798 | +€1,201 | +46.2% |
| Remuneration and social security | 454/9 | €1,550 | €1,550 | = | 0.0% |
| Other amounts payable | 47/48 | €6,353 | €319,798 | +€313,445 | +4933.9% |
| Accrued charges and deferred income | 492/3 | €4,618 | - | -€4,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,890 | €12,890 | = | 0.0% |
| Other operating charges | 640/8 | €2,263 | €3,730 | +€1,467 | +64.8% |
| Gross operating margin | 9900 | -€16,861 | -€33,269 | -€16,408 | -97.3% |
| Operating profit (loss) | 9901 | -€32,014 | -€49,889 | -€17,875 | -55.8% |
| Financial income | 75/76B | €483 | €0 | -€483 | -100.0% |
| Recurring financial income | 75 | €483 | €0 | -€483 | -100.0% |
| Financial charges | 65/66B | €32,770 | €33,466 | +€697 | +2.1% |
| Recurring financial charges | 65 | €32,770 | €33,466 | +€697 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,300 | -€83,356 | -€19,055 | -29.6% |
| Income taxes | 67/77 | €187 | - | -€187 | |
| Profit (loss) for the period | 9904 | -€64,487 | -€83,356 | -€18,868 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,487 | -€83,356 | -€18,868 | -29.3% |
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 10 October 2026 via checked.be.