Rékool: 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.
Rékool
Largest movements
- Tangible fixed assets -€380,681
down €380,681 (-69.6%), from €546,740 to €166,059
- Receivables within one year +€70,233
new in 2025: €70,233
- Deferred charges and accrued income -€29,293
down €29,293 (-98.1%), from €29,869 to €576
- Cash -€16,156
down €16,156 (-17.7%), from €91,289 to €75,134
mainly Contributions, distributions and other (-€458,101) and Debts after one year (-€260,000)
- Reserves -€274,408
down €274,408 (-99.9%), from €274,736 to €328
of which Distributable reserves: -€271,638
- Debts after one year -€260,000
down €260,000 (-56.9%), from €456,907 to €196,907
- Profit (loss) carried forward +€250,331
up €250,331 (+89.0%), from -€281,318 to -€30,988
- Accrued charges and deferred income -€152,823
down €152,823 (-98.2%), from €155,573 to €2,750
- Other debts +€103,121
new in 2025: €103,121
- Gross operating margin +€416,532
up €416,532 (+1963.3%), from €21,215 to €437,747
- Taxes +€29,069
new in 2025: €29,069
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 | €667,898 | €312,002 | -€355,897 | -53.3% |
| Fixed assets | 21/28 | €546,740 | €166,059 | -€380,681 | -69.6% |
| Tangible fixed assets | 22/27 | €546,740 | €166,059 | -€380,681 | -69.6% |
| Land and buildings | 22 | €546,740 | €166,059 | -€380,681 | -69.6% |
| Current assets | 29/58 | €121,159 | €145,943 | +€24,784 | +20.5% |
| Amounts receivable within one year | 40/41 | - | €70,233 | +€70,233 | |
| Other amounts receivable | 41 | - | €70,233 | +€70,233 | |
| Cash at bank and in hand | 54/58 | €91,289 | €75,134 | -€16,156 | -17.7% |
| Deferred charges and accrued income | 490/1 | €29,869 | €576 | -€29,293 | -98.1% |
| Total equity and liabilities | 10/49 | €667,898 | €312,002 | -€355,897 | -53.3% |
| Equity | 10/15 | €55,418 | -€24,096 | -€79,514 | |
| Contributions | 10/11 | €62,000 | €6,563 | -€55,437 | -89.4% |
| Capital | 10 | €62,000 | €6,563 | -€55,437 | -89.4% |
| Issued capital | 100 | €62,000 | €6,563 | -€55,437 | -89.4% |
| Reserves | 13 | €274,736 | €328 | -€274,408 | -99.9% |
| Non-distributable reserves | 130/1 | €3,099 | €328 | -€2,771 | -89.4% |
| Legal reserve | 130 | €3,099 | €328 | -€2,771 | -89.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €271,638 | - | -€271,638 | |
| Profit (loss) carried forward | 14 | -€281,318 | -€30,988 | +€250,331 | +89.0% |
| Amounts payable | 17/49 | €612,480 | €336,098 | -€276,382 | -45.1% |
| Amounts payable after more than one year | 17 | €456,907 | €196,907 | -€260,000 | -56.9% |
| Financial debts | 170/4 | €456,907 | €196,907 | -€260,000 | -56.9% |
| Amounts payable within one year | 42/48 | - | €136,441 | +€136,441 | |
| Trade debts | 44 | - | €4,251 | +€4,251 | |
| Suppliers | 440/4 | - | €4,251 | +€4,251 | |
| Taxes, remuneration and social security | 45 | - | €29,069 | +€29,069 | |
| Taxes | 450/3 | - | €29,069 | +€29,069 | |
| Other amounts payable | 47/48 | - | €103,121 | +€103,121 | |
| Accrued charges and deferred income | 492/3 | €155,573 | €2,750 | -€152,823 | -98.2% |
| Non-recurring operating income | 76A | - | €416,101 | +€416,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,781 | €6,781 | = | 0.0% |
| Other operating charges | 640/8 | €3,416 | €3,522 | +€106 | +3.1% |
| Gross operating margin | 9900 | €21,215 | €437,747 | +€416,532 | +1963.3% |
| Operating profit (loss) | 9901 | €11,018 | €427,444 | +€416,426 | +3779.6% |
| Financial charges | 65/66B | €19,691 | €19,789 | +€98 | +0.5% |
| Recurring financial charges | 65 | €19,691 | €19,789 | +€98 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,673 | €407,655 | +€416,328 | |
| Income taxes | 67/77 | - | €29,069 | +€29,069 | |
| Profit (loss) for the period | 9904 | -€8,673 | €378,587 | +€387,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,673 | €378,587 | +€387,259 |
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 4 October 2026 via checked.be.