REKA: 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.
REKA
Largest movements
- Cash -€410,870
down €410,870 (-49.2%), from €834,291 to €423,421
mainly Contributions, distributions and other (-€900,000) and Receivables after one year (-€17,800)
- Receivables within one year -€123,117
down €123,117 (-75.2%), from €163,720 to €40,603
of which Other amounts receivable: -€118,617
- Receivables after one year +€17,800
up €17,800 (+175%), from €10,200 to €28,000
- Reserves -€668,262
down €668,262 (-66.3%), from €1.0m to €340,256
of which Distributable reserves: -€668,262
- Other debts +€141,750
new in 2025: €141,750
- Gross operating margin -€38,523
down €38,523 (-12.3%), from €312,253 to €273,730
- Financial income -€13,276
down €13,276 (-28.7%), from €46,194 to €32,919
- Taxes -€4,616
down €4,616 (-6.2%), from €74,801 to €70,185
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 | €1,019,962 | €499,466 | -€520,495 | -51.0% |
| Fixed assets | 21/28 | €7,073 | €3,233 | -€3,841 | -54.3% |
| Tangible fixed assets | 22/27 | €3,465 | €1,733 | -€1,733 | -50.0% |
| Plant, machinery and equipment | 23 | €666 | €133 | -€533 | -80.0% |
| Furniture and vehicles | 24 | €2,799 | €1,600 | -€1,200 | -42.9% |
| Financial fixed assets | 28 | €3,608 | €1,500 | -€2,108 | -58.4% |
| Current assets | 29/58 | €1,012,888 | €496,233 | -€516,655 | -51.0% |
| Amounts receivable after more than one year | 29 | €10,200 | €28,000 | +€17,800 | +175% |
| Other amounts receivable | 291 | €10,200 | €28,000 | +€17,800 | +175% |
| Amounts receivable within one year | 40/41 | €163,720 | €40,603 | -€123,117 | -75.2% |
| Trade receivables | 40 | €27,500 | €23,000 | -€4,500 | -16.4% |
| Other amounts receivable | 41 | €136,220 | €17,603 | -€118,617 | -87.1% |
| Current investments | 50/53 | €2,885 | €2,885 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €834,291 | €423,421 | -€410,870 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,793 | €1,324 | -€468 | -26.1% |
| Total equity and liabilities | 10/49 | €1,019,962 | €499,466 | -€520,495 | -51.0% |
| Equity | 10/15 | €1,010,518 | €342,256 | -€668,262 | -66.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,008,518 | €340,256 | -€668,262 | -66.3% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €1,008,508 | €340,246 | -€668,262 | -66.3% |
| Amounts payable | 17/49 | €9,444 | €157,210 | +€147,767 | +1,565% |
| Amounts payable after more than one year | 17 | - | €109 | +€109 | |
| Other amounts payable | 178/9 | - | €109 | +€109 | |
| Amounts payable within one year | 42/48 | €9,444 | €155,165 | +€145,722 | +1,543% |
| Financial debts | 43 | €5,500 | €5,501 | +€1 | 0.0% |
| Credit institutions | 430/8 | €5,500 | €5,501 | +€1 | 0.0% |
| Trade debts | 44 | €3,944 | €6,389 | +€2,445 | +62.0% |
| Suppliers | 440/4 | €3,944 | €6,389 | +€2,445 | +62.0% |
| Taxes, remuneration and social security | 45 | - | €1,525 | +€1,525 | |
| Taxes | 450/3 | - | €1,525 | +€1,525 | |
| Other amounts payable | 47/48 | - | €141,750 | +€141,750 | |
| Accrued charges and deferred income | 492/3 | - | €1,936 | +€1,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,947 | €1,733 | -€215 | -11.0% |
| Other operating charges | 640/8 | €1,930 | €2,222 | +€292 | +15.1% |
| Gross operating margin | 9900 | €312,253 | €273,730 | -€38,523 | -12.3% |
| Operating profit (loss) | 9901 | €308,376 | €269,775 | -€38,600 | -12.5% |
| Financial income | 75/76B | €46,194 | €32,919 | -€13,276 | -28.7% |
| Recurring financial income | 75 | €46,194 | €32,919 | -€13,276 | -28.7% |
| Financial charges | 65/66B | €1,100 | €771 | -€329 | -29.9% |
| Recurring financial charges | 65 | €1,100 | €771 | -€329 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €353,470 | €301,923 | -€51,547 | -14.6% |
| Income taxes | 67/77 | €74,801 | €70,185 | -€4,616 | -6.2% |
| Profit (loss) for the period | 9904 | €278,669 | €231,738 | -€46,931 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €278,669 | €231,738 | -€46,931 | -16.8% |
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 28 October 2026 via checked.be.