REKOFIN: 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.
REKOFIN
Largest movements
- Tangible fixed assets -€5,681
down €5,681 (-7.5%), from €75,268 to €69,587
- Trade debts +€25,854
up €25,854 (+108.2%), from €23,902 to €49,756
- Profit (loss) carried forward -€23,925
down €23,925 (-63.7%), from -€37,550 to -€61,475
- Other debts -€13,302
down €13,302 (-6.0%), from €223,461 to €210,159
- Advances received +€3,000
new in 2025: €3,000
- Other operating charges +€2,111
up €2,111 (+74.8%), from €2,822 to €4,933
- Gross operating margin +€1,301
up €1,301 (+11.8%), from -€11,019 to -€9,718
- Financial charges -€455
down €455 (-11.2%), from €4,048 to €3,593
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 | €299,630 | €291,718 | -€7,912 | -2.6% |
| Fixed assets | 21/28 | €291,963 | €286,283 | -€5,681 | -1.9% |
| Tangible fixed assets | 22/27 | €75,268 | €69,587 | -€5,681 | -7.5% |
| Land and buildings | 22 | €75,268 | €69,587 | -€5,681 | -7.5% |
| Financial fixed assets | 28 | €216,695 | €216,695 | = | 0.0% |
| Current assets | 29/58 | €7,667 | €5,435 | -€2,231 | -29.1% |
| Amounts receivable within one year | 40/41 | €3,856 | €1,953 | -€1,904 | -49.4% |
| Trade receivables | 40 | €106 | €153 | +€46 | +43.7% |
| Other amounts receivable | 41 | €3,750 | €1,800 | -€1,950 | -52.0% |
| Cash at bank and in hand | 54/58 | €2,860 | €2,524 | -€336 | -11.8% |
| Deferred charges and accrued income | 490/1 | €950 | €958 | +€9 | +0.9% |
| Total equity and liabilities | 10/49 | €299,630 | €291,718 | -€7,912 | -2.6% |
| Equity | 10/15 | €52,252 | €28,327 | -€23,925 | -45.8% |
| Contributions | 10/11 | €81,557 | €81,557 | = | 0.0% |
| Reserves | 13 | €8,245 | €8,245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,180 | €8,180 | = | 0.0% |
| Distributable reserves | 133 | €64 | €64 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,550 | -€61,475 | -€23,925 | -63.7% |
| Amounts payable | 17/49 | €247,378 | €263,391 | +€16,013 | +6.5% |
| Amounts payable within one year | 42/48 | €247,378 | €263,391 | +€16,013 | +6.5% |
| Trade debts | 44 | €23,902 | €49,756 | +€25,854 | +108.2% |
| Suppliers | 440/4 | €23,902 | €49,756 | +€25,854 | +108.2% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €15 | €476 | +€461 | +2976.0% |
| Taxes | 450/3 | €15 | €476 | +€461 | +2976.0% |
| Other amounts payable | 47/48 | €223,461 | €210,159 | -€13,302 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,681 | €5,681 | = | 0.0% |
| Other operating charges | 640/8 | €2,822 | €4,933 | +€2,111 | +74.8% |
| Gross operating margin | 9900 | -€11,019 | -€9,718 | +€1,301 | +11.8% |
| Operating profit (loss) | 9901 | -€19,521 | -€20,331 | -€810 | -4.1% |
| Financial charges | 65/66B | €4,048 | €3,593 | -€455 | -11.2% |
| Recurring financial charges | 65 | €4,048 | €3,593 | -€455 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,570 | -€23,925 | -€355 | -1.5% |
| Profit (loss) for the period | 9904 | -€23,570 | -€23,925 | -€355 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,570 | -€23,925 | -€355 | -1.5% |
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 5 October 2026 via checked.be.