RECKLESS MANAGEMENT: 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.
RECKLESS MANAGEMENT
Largest movements
- Cash +€25,423
up €25,423 (+39.6%), from €64,129 to €89,552
mainly Net result for the year (+€24,354) and Tax, wage and social debts (+€14,337)
- Receivables within one year +€13,719
up €13,719 (+1,415%), from €969 to €14,688
- Profit (loss) carried forward +€24,354
up €24,354 (+63.7%), from €38,243 to €62,597
- Tax, wage and social debts +€14,337
up €14,337 (+58.2%), from €24,616 to €38,954
- Gross operating margin -€16,742
down €16,742 (-34.9%), from €48,029 to €31,287
- Taxes -€3,112
down €3,112 (-32.6%), from €9,561 to €6,449
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 | €65,860 | €105,446 | +€39,586 | +60.1% |
| Formation expenses | 20 | €762 | €582 | -€180 | -23.6% |
| Fixed assets | 21/28 | - | €624 | +€624 | |
| Tangible fixed assets | 22/27 | - | €624 | +€624 | |
| Furniture and vehicles | 24 | - | €624 | +€624 | |
| Current assets | 29/58 | €65,098 | €104,241 | +€39,142 | +60.1% |
| Amounts receivable within one year | 40/41 | €969 | €14,688 | +€13,719 | +1,415% |
| Other amounts receivable | 41 | €969 | €14,688 | +€13,719 | +1,415% |
| Cash at bank and in hand | 54/58 | €64,129 | €89,552 | +€25,423 | +39.6% |
| Total equity and liabilities | 10/49 | €65,860 | €105,446 | +€39,586 | +60.1% |
| Equity | 10/15 | €41,243 | €65,597 | +€24,354 | +59.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,243 | €62,597 | +€24,354 | +63.7% |
| Amounts payable | 17/49 | €24,616 | €39,848 | +€15,232 | +61.9% |
| Amounts payable within one year | 42/48 | €24,616 | €39,277 | +€14,661 | +59.6% |
| Trade debts | 44 | - | €323 | +€323 | |
| Suppliers | 440/4 | - | €323 | +€323 | |
| Taxes, remuneration and social security | 45 | €24,616 | €38,954 | +€14,337 | +58.2% |
| Taxes | 450/3 | €24,616 | €38,954 | +€14,337 | +58.2% |
| Accrued charges and deferred income | 492/3 | - | €571 | +€571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €434 | +€296 | +214% |
| Gross operating margin | 9900 | €48,029 | €31,287 | -€16,742 | -34.9% |
| Operating profit (loss) | 9901 | €47,890 | €30,853 | -€17,037 | -35.6% |
| Financial income | 75/76B | €29 | €424 | +€395 | +1,344% |
| Recurring financial income | 75 | €29 | €424 | +€395 | +1,344% |
| Financial charges | 65/66B | €116 | €475 | +€359 | +311% |
| Recurring financial charges | 65 | €116 | €475 | +€359 | +311% |
| Profit (loss) for the period before taxes | 9903 | €47,804 | €30,803 | -€17,002 | -35.6% |
| Income taxes | 67/77 | €9,561 | €6,449 | -€3,112 | -32.6% |
| Profit (loss) for the period | 9904 | €38,243 | €24,354 | -€13,889 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,243 | €24,354 | -€13,889 | -36.3% |
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 13 October 2026 via checked.be.