RE@CT: 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.
RE@CT
Largest movements
- Tangible fixed assets -€7,763
down €7,763 (-26.3%), from €29,489 to €21,726
- Cash +€7,453
up €7,453 (+13.0%), from €57,310 to €64,763
mainly Net result for the year (+€34,277) and Depreciation (+€10,302)
- Deferred charges and accrued income -€2,420
down €2,420 (-54.4%), from €4,445 to €2,025
- Other debts -€18,689
down €18,689 (-42.4%), from €44,065 to €25,377
- Reserves +€14,800
up €14,800 (+50.4%), from €29,360 to €44,160
- Tax, wage and social debts +€6,188
new in 2025: €6,188
- Debts after one year -€6,140
down €6,140 (-100%), from €6,140 to €0
- Taxes +€2,966
up €2,966 (+33.1%), from €8,951 to €11,917
- Gross operating margin +€1,578
up €1,578 (+2.8%), from €56,281 to €57,859
- Other operating charges -€724
down €724 (-68.3%), from €1,061 to €337
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 | €105,292 | €101,558 | -€3,734 | -3.5% |
| Fixed assets | 21/28 | €29,789 | €21,726 | -€8,063 | -27.1% |
| Tangible fixed assets | 22/27 | €29,489 | €21,726 | -€7,763 | -26.3% |
| Furniture and vehicles | 24 | €29,489 | €21,726 | -€7,763 | -26.3% |
| Financial fixed assets | 28 | €300 | €0 | -€300 | -100% |
| Current assets | 29/58 | €75,503 | €79,832 | +€4,329 | +5.7% |
| Amounts receivable within one year | 40/41 | €13,748 | €13,044 | -€704 | -5.1% |
| Trade receivables | 40 | €12,403 | €12,403 | = | 0.0% |
| Other amounts receivable | 41 | €1,345 | €641 | -€704 | -52.3% |
| Cash at bank and in hand | 54/58 | €57,310 | €64,763 | +€7,453 | +13.0% |
| Deferred charges and accrued income | 490/1 | €4,445 | €2,025 | -€2,420 | -54.4% |
| Total equity and liabilities | 10/49 | €105,292 | €101,558 | -€3,734 | -3.5% |
| Equity | 10/15 | €49,214 | €63,848 | +€14,635 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,360 | €44,160 | +€14,800 | +50.4% |
| Distributable reserves | 133 | €29,360 | €44,160 | +€14,800 | +50.4% |
| Profit (loss) carried forward | 14 | €1,254 | €1,088 | -€165 | -13.2% |
| Amounts payable | 17/49 | €56,078 | €37,710 | -€18,368 | -32.8% |
| Amounts payable after more than one year | 17 | €6,140 | €0 | -€6,140 | -100% |
| Financial debts | 170/4 | €6,140 | €0 | -€6,140 | -100% |
| Amounts payable within one year | 42/48 | €49,938 | €37,710 | -€12,228 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €5,872 | €6,140 | +€268 | +4.6% |
| Trade debts | 44 | - | €5 | +€5 | |
| Suppliers | 440/4 | - | €5 | +€5 | |
| Taxes, remuneration and social security | 45 | - | €6,188 | +€6,188 | |
| Taxes | 450/3 | - | €6,188 | +€6,188 | |
| Other amounts payable | 47/48 | €44,065 | €25,377 | -€18,689 | -42.4% |
| Non-recurring operating income | 76A | €25 | €0 | -€25 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,803 | €10,302 | +€498 | +5.1% |
| Other operating charges | 640/8 | €1,061 | €337 | -€724 | -68.3% |
| Non-recurring operating charges | 66A | - | €376 | +€376 | |
| Gross operating margin | 9900 | €56,281 | €57,859 | +€1,578 | +2.8% |
| Operating profit (loss) | 9901 | €45,417 | €46,844 | +€1,427 | +3.1% |
| Financial income | 75/76B | €11 | €2 | -€9 | -78.0% |
| Recurring financial income | 75 | €11 | €2 | -€9 | -78.0% |
| Financial charges | 65/66B | €888 | €653 | -€235 | -26.5% |
| Recurring financial charges | 65 | €888 | €653 | -€235 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €44,541 | €46,194 | +€1,653 | +3.7% |
| Income taxes | 67/77 | €8,951 | €11,917 | +€2,966 | +33.1% |
| Profit (loss) for the period | 9904 | €35,590 | €34,277 | -€1,313 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,590 | €34,277 | -€1,313 | -3.7% |
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 29 October 2026 via checked.be.