RECHTERHAND: 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.
RECHTERHAND
Largest movements
- Tangible fixed assets -€230,165
down €230,165 (-62.9%), from €365,724 to €135,559
of which Land and buildings: -€227,400
- Cash +€79,897
up €79,897 (+947%), from €8,438 to €88,335
mainly Investment in fixed assets (net) (+€217,940) and Net result for the year (+€59,345)
- Debts after one year -€172,598
down €172,598 (-61.7%), from €279,647 to €107,050
- Other debts +€56,564
up €56,564 (+190%), from €29,722 to €86,286
- Reserves -€33,716
down €33,716 (-94.8%), from €35,576 to €1,860
- Profit (loss) carried forward +€20,923
up €20,923, from -€20,923 to €0
- Trade debts -€17,206
down €17,206 (-80.1%), from €21,486 to €4,280
- Gross operating margin +€89,286
up €89,286 (+829%), from €10,776 to €100,062
- Taxes +€19,404
up €19,404 (+9,834%), from €197 to €19,602
- Depreciation -€10,150
down €10,150 (-45.4%), from €22,375 to €12,225
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 | €390,672 | €245,858 | -€144,814 | -37.1% |
| Fixed assets | 21/28 | €365,749 | €135,584 | -€230,165 | -62.9% |
| Tangible fixed assets | 22/27 | €365,724 | €135,559 | -€230,165 | -62.9% |
| Land and buildings | 22 | €359,500 | €132,101 | -€227,400 | -63.3% |
| Plant, machinery and equipment | 23 | €1,600 | €966 | -€635 | -39.7% |
| Furniture and vehicles | 24 | €4,473 | €2,492 | -€1,981 | -44.3% |
| Other tangible fixed assets | 26 | €150 | €0 | -€150 | -100% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €24,924 | €110,274 | +€85,351 | +342% |
| Amounts receivable within one year | 40/41 | €13,162 | €16,551 | +€3,389 | +25.7% |
| Trade receivables | 40 | €13,046 | €13,778 | +€732 | +5.6% |
| Other amounts receivable | 41 | €115 | €2,773 | +€2,658 | +2,307% |
| Cash at bank and in hand | 54/58 | €8,438 | €88,335 | +€79,897 | +947% |
| Deferred charges and accrued income | 490/1 | €3,324 | €5,388 | +€2,064 | +62.1% |
| Total equity and liabilities | 10/49 | €390,672 | €245,858 | -€144,814 | -37.1% |
| Equity | 10/15 | €33,253 | €20,460 | -€12,793 | -38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,576 | €1,860 | -€33,716 | -94.8% |
| Distributable reserves | 133 | €35,576 | €1,860 | -€33,716 | -94.8% |
| Profit (loss) carried forward | 14 | -€20,923 | €0 | +€20,923 | |
| Amounts payable | 17/49 | €357,420 | €225,398 | -€132,022 | -36.9% |
| Amounts payable after more than one year | 17 | €279,647 | €107,050 | -€172,598 | -61.7% |
| Financial debts | 170/4 | €279,647 | €107,050 | -€172,598 | -61.7% |
| Amounts payable within one year | 42/48 | €77,773 | €117,708 | +€39,936 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €23,762 | €9,124 | -€14,638 | -61.6% |
| Trade debts | 44 | €21,486 | €4,280 | -€17,206 | -80.1% |
| Suppliers | 440/4 | €21,486 | €4,280 | -€17,206 | -80.1% |
| Taxes, remuneration and social security | 45 | €2,802 | €18,018 | +€15,216 | +543% |
| Taxes | 450/3 | €2,802 | €18,018 | +€15,216 | +543% |
| Other amounts payable | 47/48 | €29,722 | €86,286 | +€56,564 | +190% |
| Accrued charges and deferred income | 492/3 | - | €640 | +€640 | |
| Non-recurring operating income | 76A | - | €59,291 | +€59,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,375 | €12,225 | -€10,150 | -45.4% |
| Other operating charges | 640/8 | €2,047 | €1,860 | -€188 | -9.2% |
| Gross operating margin | 9900 | €10,776 | €100,062 | +€89,286 | +829% |
| Operating profit (loss) | 9901 | -€13,646 | €85,977 | +€99,624 | |
| Financial income | 75/76B | €83 | €15 | -€68 | -81.8% |
| Recurring financial income | 75 | €83 | €15 | -€68 | -81.8% |
| Financial charges | 65/66B | €7,162 | €7,046 | -€117 | -1.6% |
| Recurring financial charges | 65 | €7,162 | €7,046 | -€117 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,726 | €78,947 | +€99,672 | |
| Income taxes | 67/77 | €197 | €19,602 | +€19,404 | +9,834% |
| Profit (loss) for the period | 9904 | -€20,923 | €59,345 | +€80,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,923 | €59,345 | +€80,268 |
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 16 October 2026 via checked.be.