REHCOV: 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.
REHCOV
Largest movements
- Tangible fixed assets +€4.5m
up €4.5m (+581%), from €766,944 to €5.2m
of which Land and buildings: +€4.1m
- Current investments +€400,000
new in 2025: €400,000
- Contributions +€3.1m
up €3.1m (+842%), from €365,382 to €3.4m
- Debts after one year +€1.6m
up €1.6m (+316%), from €502,500 to €2.1m
- Trade debts +€189,459
up €189,459 (+1,317%), from €14,390 to €203,849
- Profit (loss) carried forward -€118,005
down €118,005 (-180%), from -€65,738 to -€183,744
- Financial charges +€60,683
up €60,683 (+88,913%), from €68 to €60,751
- Depreciation +€33,613
up €33,613 (+283%), from €11,871 to €45,485
- Other operating charges -€4,591
down €4,591 (-90.5%), from €5,071 to €480
- Financial income -€2,962
down €2,962 (-100.0%), from €2,962 to €0
- Gross operating margin +€888
up €888 (+7.3%), from -€12,178 to -€11,290
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 | €817,431 | €5,647,979 | +€4.8m | +591% |
| Fixed assets | 21/28 | €766,944 | €5,224,640 | +€4.5m | +581% |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | €766,944 | €5,224,639 | +€4.5m | +581% |
| Land and buildings | 22 | €766,944 | €4,854,892 | +€4.1m | +533% |
| Plant, machinery and equipment | 23 | - | €294,525 | +€294,525 | |
| Furniture and vehicles | 24 | - | €75,222 | +€75,222 | |
| Current assets | 29/58 | €50,487 | €423,338 | +€372,851 | +739% |
| Amounts receivable within one year | 40/41 | €1,669 | €6,793 | +€5,124 | +307% |
| Trade receivables | 40 | - | €3,721 | +€3,721 | |
| Other amounts receivable | 41 | €1,669 | €3,072 | +€1,403 | +84.1% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €48,819 | €16,546 | -€32,273 | -66.1% |
| Total equity and liabilities | 10/49 | €817,431 | €5,647,979 | +€4.8m | +591% |
| Equity | 10/15 | €299,644 | €3,256,638 | +€3.0m | +987% |
| Contributions | 10/11 | €365,382 | €3,440,382 | +€3.1m | +842% |
| Profit (loss) carried forward | 14 | -€65,738 | -€183,744 | -€118,005 | -180% |
| Amounts payable | 17/49 | €517,788 | €2,391,340 | +€1.9m | +362% |
| Amounts payable after more than one year | 17 | €502,500 | €2,091,613 | +€1.6m | +316% |
| Financial debts | 170/4 | €502,500 | €2,091,613 | +€1.6m | +316% |
| Amounts payable within one year | 42/48 | €15,288 | €248,716 | +€233,429 | +1,527% |
| Current portion of amounts payable after more than one year | 42 | - | €23,122 | +€23,122 | |
| Trade debts | 44 | €14,390 | €203,849 | +€189,459 | +1,317% |
| Suppliers | 440/4 | €14,390 | €203,849 | +€189,459 | +1,317% |
| Taxes, remuneration and social security | 45 | €590 | €12,551 | +€11,961 | +2,028% |
| Taxes | 450/3 | €590 | €12,551 | +€11,961 | +2,028% |
| Other amounts payable | 47/48 | €308 | €9,195 | +€8,887 | +2,887% |
| Accrued charges and deferred income | 492/3 | - | €51,011 | +€51,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,871 | €45,485 | +€33,613 | +283% |
| Other operating charges | 640/8 | €5,071 | €480 | -€4,591 | -90.5% |
| Non-recurring operating charges | 66A | €39,512 | €0 | -€39,512 | -100% |
| Gross operating margin | 9900 | -€12,178 | -€11,290 | +€888 | +7.3% |
| Operating profit (loss) | 9901 | -€68,633 | -€57,255 | +€11,378 | +16.6% |
| Financial income | 75/76B | €2,962 | €0 | -€2,962 | -100.0% |
| Recurring financial income | 75 | €2,962 | €0 | -€2,962 | -100.0% |
| Financial charges | 65/66B | €68 | €60,751 | +€60,683 | +88,913% |
| Recurring financial charges | 65 | €68 | €60,751 | +€60,683 | +88,913% |
| Profit (loss) for the period before taxes | 9903 | -€65,738 | -€118,005 | -€52,267 | -79.5% |
| Profit (loss) for the period | 9904 | -€65,738 | -€118,005 | -€52,267 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,738 | -€118,005 | -€52,267 | -79.5% |
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 18 October 2026 via checked.be.