ReThink-IT: 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-IT
Largest movements
- Receivables within one year -€86,957
down €86,957 (-70.0%), from €124,185 to €37,228
of which Trade receivables: -€88,539
- Cash -€43,916
down €43,916 (-21.5%), from €204,214 to €160,298
mainly Investment in fixed assets (net) (-€249,152) and Net result for the year (-€159,636)
- Intangible fixed assets +€43,397
up €43,397 (+7.5%), from €576,820 to €620,217
- Profit (loss) carried forward -€159,636
down €159,636 (-39.7%), from -€401,736 to -€561,372
- Debts after one year +€75,000
up €75,000 (+23.6%), from €317,500 to €392,500
- Tax, wage and social debts -€20,693
no longer reported in 2025 (was €20,693)
- Trade debts +€12,756
up €12,756 (+20.7%), from €61,606 to €74,362
- Gross operating margin -€177,541
down €177,541 (-71.7%), from €247,563 to €70,022
- Depreciation +€22,967
up €22,967 (+12.6%), from €182,789 to €205,755
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 | €906,350 | €820,327 | -€86,023 | -9.5% |
| Fixed assets | 21/28 | €576,820 | €620,217 | +€43,397 | +7.5% |
| Intangible fixed assets | 21 | €576,820 | €620,217 | +€43,397 | +7.5% |
| Current assets | 29/58 | €329,530 | €200,110 | -€129,420 | -39.3% |
| Amounts receivable within one year | 40/41 | €124,185 | €37,228 | -€86,957 | -70.0% |
| Trade receivables | 40 | €123,660 | €35,121 | -€88,539 | -71.6% |
| Other amounts receivable | 41 | €525 | €2,107 | +€1,582 | +301% |
| Cash at bank and in hand | 54/58 | €204,214 | €160,298 | -€43,916 | -21.5% |
| Deferred charges and accrued income | 490/1 | €1,131 | €2,584 | +€1,453 | +128% |
| Total equity and liabilities | 10/49 | €906,350 | €820,327 | -€86,023 | -9.5% |
| Equity | 10/15 | €480,182 | €320,546 | -€159,636 | -33.2% |
| Contributions | 10/11 | €881,917 | €881,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€401,736 | -€561,372 | -€159,636 | -39.7% |
| Amounts payable | 17/49 | €426,168 | €499,781 | +€73,613 | +17.3% |
| Amounts payable after more than one year | 17 | €317,500 | €392,500 | +€75,000 | +23.6% |
| Financial debts | 170/4 | €317,500 | €392,500 | +€75,000 | +23.6% |
| Amounts payable within one year | 42/48 | €86,684 | €78,547 | -€8,137 | -9.4% |
| Financial debts | 43 | €447 | €247 | -€200 | -44.7% |
| Credit institutions | 430/8 | €447 | €247 | -€200 | -44.7% |
| Trade debts | 44 | €61,606 | €74,362 | +€12,756 | +20.7% |
| Suppliers | 440/4 | €61,606 | €74,362 | +€12,756 | +20.7% |
| Taxes, remuneration and social security | 45 | €20,693 | - | -€20,693 | |
| Taxes | 450/3 | €20,693 | - | -€20,693 | |
| Other amounts payable | 47/48 | €3,938 | €3,938 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,984 | €28,734 | +€6,750 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,789 | €205,755 | +€22,967 | +12.6% |
| Other operating charges | 640/8 | €203 | €208 | +€5 | +2.3% |
| Gross operating margin | 9900 | €247,563 | €70,022 | -€177,541 | -71.7% |
| Operating profit (loss) | 9901 | €64,571 | -€135,941 | -€200,512 | |
| Financial income | 75/76B | €13 | €13 | +€0 | +3.1% |
| Recurring financial income | 75 | €13 | €13 | +€0 | +3.1% |
| Financial charges | 65/66B | €21,556 | €23,708 | +€2,152 | +10.0% |
| Recurring financial charges | 65 | €21,556 | €23,708 | +€2,152 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €43,028 | -€159,636 | -€202,664 | |
| Profit (loss) for the period | 9904 | €43,028 | -€159,636 | -€202,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,028 | -€159,636 | -€202,664 |
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 23 October 2026 via checked.be.