AT RECRUITMENT: 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.
AT RECRUITMENT
Largest movements
- Cash -€144,282
down €144,282 (-66.3%), from €217,750 to €73,468
mainly Net result for the year (-€110,031) and Receivables within one year (-€101,087)
- Receivables within one year +€101,087
up €101,087 (+88.0%), from €114,824 to €215,912
of which Trade receivables: +€100,639
- Tangible fixed assets -€21,295
down €21,295 (-16.0%), from €132,754 to €111,460
of which Furniture and vehicles: -€12,000
- Profit (loss) carried forward -€110,031
down €110,031 (-15.6%), from -€703,905 to -€813,936
- Other debts +€72,554
up €72,554 (+11.1%), from €653,954 to €726,508
- Trade debts -€25,662
down €25,662 (-22.2%), from €115,756 to €90,094
- Staff costs -€233,446
down €233,446 (-47.7%), from €489,034 to €255,588
- Gross operating margin +€187,204
up €187,204 (+580%), from €32,260 to €219,464
- Financial charges +€21,385
up €21,385 (+158%), from €13,504 to €34,888
- Financial income -€11,888
down €11,888 (-100%), from €11,888 to €0
of which Non-recurring financial income: -€11,815
- Other operating charges +€2,880
up €2,880 (+89.9%), from €3,205 to €6,084
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 | €482,065 | €414,630 | -€67,435 | -14.0% |
| Fixed assets | 21/28 | €143,282 | €119,317 | -€23,965 | -16.7% |
| Intangible fixed assets | 21 | €10,322 | €7,652 | -€2,670 | -25.9% |
| Tangible fixed assets | 22/27 | €132,754 | €111,460 | -€21,295 | -16.0% |
| Furniture and vehicles | 24 | €66,299 | €54,299 | -€12,000 | -18.1% |
| Other tangible fixed assets | 26 | €66,456 | €57,161 | -€9,295 | -14.0% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €338,783 | €295,313 | -€43,470 | -12.8% |
| Amounts receivable within one year | 40/41 | €114,824 | €215,912 | +€101,087 | +88.0% |
| Trade receivables | 40 | €114,772 | €215,410 | +€100,639 | +87.7% |
| Other amounts receivable | 41 | €53 | €501 | +€449 | +854% |
| Cash at bank and in hand | 54/58 | €217,750 | €73,468 | -€144,282 | -66.3% |
| Deferred charges and accrued income | 490/1 | €6,208 | €5,933 | -€275 | -4.4% |
| Total equity and liabilities | 10/49 | €482,065 | €414,630 | -€67,435 | -14.0% |
| Equity | 10/15 | -€341,495 | -€451,526 | -€110,031 | -32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €356,211 | €356,211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €354,351 | €354,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€703,905 | -€813,936 | -€110,031 | -15.6% |
| Amounts payable | 17/49 | €823,559 | €866,155 | +€42,596 | +5.2% |
| Amounts payable within one year | 42/48 | €823,559 | €866,155 | +€42,596 | +5.2% |
| Financial debts | 43 | €2,675 | €3,036 | +€361 | +13.5% |
| Credit institutions | 430/8 | €2,675 | €3,036 | +€361 | +13.5% |
| Trade debts | 44 | €115,756 | €90,094 | -€25,662 | -22.2% |
| Suppliers | 440/4 | €115,756 | €90,094 | -€25,662 | -22.2% |
| Taxes, remuneration and social security | 45 | €51,174 | €46,517 | -€4,657 | -9.1% |
| Taxes | 450/3 | €8,241 | €20,143 | +€11,902 | +144% |
| Remuneration and social security | 454/9 | €42,933 | €26,374 | -€16,559 | -38.6% |
| Other amounts payable | 47/48 | €653,954 | €726,508 | +€72,554 | +11.1% |
| Remuneration, social security and pensions | 62 | €489,034 | €255,588 | -€233,446 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,182 | €32,545 | +€2,363 | +7.8% |
| Other operating charges | 640/8 | €3,205 | €6,084 | +€2,880 | +89.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,260 | €219,464 | +€187,204 | +580% |
| Operating profit (loss) | 9901 | -€490,160 | -€74,753 | +€415,407 | +84.7% |
| Financial income | 75/76B | €11,888 | €0 | -€11,888 | -100% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100% |
| Non-recurring financial income | 76B | €11,815 | €0 | -€11,815 | -100% |
| Financial charges | 65/66B | €13,504 | €34,888 | +€21,385 | +158% |
| Recurring financial charges | 65 | €13,504 | €34,888 | +€21,385 | +158% |
| Profit (loss) for the period before taxes | 9903 | -€491,776 | -€109,641 | +€382,135 | +77.7% |
| Income taxes | 67/77 | €651 | €390 | -€261 | -40.1% |
| Profit (loss) for the period | 9904 | -€492,427 | -€110,031 | +€382,396 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€492,427 | -€110,031 | +€382,396 | +77.7% |
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 1 November 2026 via checked.be.