RETHINK: 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.
RETHINK
Largest movements
- Current investments +€19,914
up €19,914 (+19.9%), from €100,205 to €120,119
- Cash -€9,160
no longer reported in 2025 (was €9,160)
mainly Contributions, distributions and other (-€30,000) and Current investments (-€19,914)
- Tangible fixed assets +€2,794
new in 2025: €2,794
- Other debts +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Trade debts +€2,325
up €2,325 (+29.2%), from €7,967 to €10,292
- Tax, wage and social debts +€2,019
up €2,019 (+13.2%), from €15,276 to €17,295
- Gross operating margin +€11,885
up €11,885 (+43.1%), from €27,590 to €39,475
- Taxes +€2,092
up €2,092 (+28.0%), from €7,478 to €9,571
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 | €128,166 | €141,737 | +€13,572 | +10.6% |
| Fixed assets | 21/28 | €50 | €2,844 | +€2,794 | +5,587% |
| Tangible fixed assets | 22/27 | - | €2,794 | +€2,794 | |
| Plant, machinery and equipment | 23 | - | €2,794 | +€2,794 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €128,116 | €138,894 | +€10,778 | +8.4% |
| Amounts receivable within one year | 40/41 | €18,578 | €18,599 | +€21 | +0.1% |
| Trade receivables | 40 | €14,345 | €15,125 | +€780 | +5.4% |
| Other amounts receivable | 41 | €4,233 | €3,474 | -€759 | -17.9% |
| Current investments | 50/53 | €100,205 | €120,119 | +€19,914 | +19.9% |
| Cash at bank and in hand | 54/58 | €9,160 | - | -€9,160 | |
| Deferred charges and accrued income | 490/1 | €172 | €176 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €128,166 | €141,737 | +€13,572 | +10.6% |
| Equity | 10/15 | €84,923 | €83,611 | -€1,311 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,463 | €63,151 | -€1,311 | -2.0% |
| Amounts payable | 17/49 | €43,243 | €58,126 | +€14,883 | +34.4% |
| Amounts payable within one year | 42/48 | €43,243 | €58,126 | +€14,883 | +34.4% |
| Financial debts | 43 | - | €539 | +€539 | |
| Credit institutions | 430/8 | - | €539 | +€539 | |
| Trade debts | 44 | €7,967 | €10,292 | +€2,325 | +29.2% |
| Suppliers | 440/4 | €7,967 | €10,292 | +€2,325 | +29.2% |
| Taxes, remuneration and social security | 45 | €15,276 | €17,295 | +€2,019 | +13.2% |
| Taxes | 450/3 | €15,276 | €17,295 | +€2,019 | +13.2% |
| Other amounts payable | 47/48 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €121 | +€121 | |
| Other operating charges | 640/8 | €1,055 | €697 | -€358 | -33.9% |
| Gross operating margin | 9900 | €27,590 | €39,475 | +€11,885 | +43.1% |
| Operating profit (loss) | 9901 | €26,534 | €38,656 | +€12,122 | +45.7% |
| Financial income | 75/76B | €1,037 | €784 | -€253 | -24.4% |
| Recurring financial income | 75 | €1,037 | €784 | -€253 | -24.4% |
| Financial charges | 65/66B | €1,290 | €1,181 | -€109 | -8.5% |
| Recurring financial charges | 65 | €1,290 | €1,181 | -€109 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €26,281 | €38,259 | +€11,978 | +45.6% |
| Income taxes | 67/77 | €7,478 | €9,571 | +€2,092 | +28.0% |
| Profit (loss) for the period | 9904 | €18,803 | €28,689 | +€9,885 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,803 | €28,689 | +€9,885 | +52.6% |
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 27 October 2026 via checked.be.