REKASIN: what changed
Two fiscal 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.
REKASIN
Largest movements
- Cash -€15,703
down €15,703 (-45.5%), from €34,501 to €18,797
mainly Contributions, distributions and other (-€91,487) and Receivables after one year (-€11,400)
- Receivables after one year +€11,400
up €11,400 (+20.6%), from €55,450 to €66,850
- Current investments +€11,167
up €11,167 (+48.5%), from €23,042 to €34,209
- Receivables within one year -€3,888
down €3,888 (-94.1%), from €4,134 to €246
of which Trade receivables: -€2,597
- Tangible fixed assets -€3,125
down €3,125 (-38.2%), from €8,176 to €5,051
of which Furniture and vehicles: -€3,125
- Other debts +€91,215
up €91,215 (+361.0%), from €25,269 to €116,483
- Reserves -€71,695
down €71,695 (-100.0%), from €71,695 to €0
- Trade debts -€10,062
down €10,062 (-90.7%), from €11,097 to €1,035
- Tax, wage and social debts -€8,819
down €8,819 (-99.8%), from €8,837 to €18
- Gross operating margin -€9,546
down €9,546 (-24.9%), from €38,309 to €28,763
- Taxes -€3,966
down €3,966 (-36.8%), from €10,792 to €6,826
- Depreciation -€789
down €789 (-20.2%), from €3,914 to €3,125
- Financial income +€491
up €491 (+15.5%), from €3,155 to €3,646
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 | €129,213 | €129,069 | -€145 | -0.1% |
| Fixed assets | 21/28 | €8,176 | €5,051 | -€3,125 | -38.2% |
| Tangible fixed assets | 22/27 | €8,176 | €5,051 | -€3,125 | -38.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,176 | €5,051 | -€3,125 | -38.2% |
| Current assets | 29/58 | €121,037 | €124,017 | +€2,980 | +2.5% |
| Amounts receivable after more than one year | 29 | €55,450 | €66,850 | +€11,400 | +20.6% |
| Other amounts receivable | 291 | €55,450 | €66,850 | +€11,400 | +20.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,134 | €246 | -€3,888 | -94.1% |
| Trade receivables | 40 | €2,597 | €0 | -€2,597 | -100.0% |
| Other amounts receivable | 41 | €1,537 | €246 | -€1,291 | -84.0% |
| Current investments | 50/53 | €23,042 | €34,209 | +€11,167 | +48.5% |
| Cash at bank and in hand | 54/58 | €34,501 | €18,797 | -€15,703 | -45.5% |
| Deferred charges and accrued income | 490/1 | €3,910 | €3,915 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €129,213 | €129,069 | -€145 | -0.1% |
| Equity | 10/15 | €81,695 | €10,000 | -€71,695 | -87.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €71,695 | €0 | -€71,695 | -100.0% |
| Distributable reserves | 133 | €71,695 | €0 | -€71,695 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,518 | €119,069 | +€71,550 | +150.6% |
| Amounts payable within one year | 42/48 | €45,203 | €117,537 | +€72,334 | +160.0% |
| Trade debts | 44 | €11,097 | €1,035 | -€10,062 | -90.7% |
| Suppliers | 440/4 | €11,097 | €1,035 | -€10,062 | -90.7% |
| Taxes, remuneration and social security | 45 | €8,837 | €18 | -€8,819 | -99.8% |
| Taxes | 450/3 | €8,837 | €18 | -€8,819 | -99.8% |
| Other amounts payable | 47/48 | €25,269 | €116,483 | +€91,215 | +361.0% |
| Accrued charges and deferred income | 492/3 | €2,316 | €1,532 | -€784 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €3,125 | -€789 | -20.2% |
| Other operating charges | 640/8 | €762 | €1,062 | +€300 | +39.4% |
| Gross operating margin | 9900 | €38,309 | €28,763 | -€9,546 | -24.9% |
| Operating profit (loss) | 9901 | €33,634 | €24,577 | -€9,057 | -26.9% |
| Financial income | 75/76B | €3,155 | €3,646 | +€491 | +15.5% |
| Recurring financial income | 75 | €3,155 | €3,646 | +€491 | +15.5% |
| Financial charges | 65/66B | €1,784 | €1,604 | -€179 | -10.1% |
| Recurring financial charges | 65 | €1,784 | €1,604 | -€179 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €35,005 | €26,618 | -€8,387 | -24.0% |
| Income taxes | 67/77 | €10,792 | €6,826 | -€3,966 | -36.8% |
| Profit (loss) for the period | 9904 | €24,213 | €19,792 | -€4,421 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,213 | €19,792 | -€4,421 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.