DR SYLVIE RECKELBUS: what changed
DR SYLVIE RECKELBUS
Largest movements
- Tangible fixed assets +€40,268
up €40,268 (+346%), from €11,637 to €51,905
of which Furniture and vehicles: +€37,634
- Intangible fixed assets -€22,500
down €22,500 (-11.4%), from €196,875 to €174,375
- Cash -€18,599
down €18,599 (-17.9%), from €103,899 to €85,300
mainly Investment in fixed assets (net) (-€52,291) and Other debts (-€36,450)
- Receivables within one year +€8,682
up €8,682 (+530%), from €1,637 to €10,319
- Profit (loss) carried forward +€53,484
up €53,484 (+72.9%), from €73,330 to €126,814
- Other debts -€36,450
down €36,450 (-16.6%), from €220,101 to €183,651
- Tax, wage and social debts -€8,432
down €8,432 (-33.7%), from €25,007 to €16,575
- Gross operating margin -€13,303
down €13,303 (-11.7%), from €113,341 to €100,037
- Taxes -€10,571
down €10,571 (-48.1%), from €21,988 to €11,417
- Depreciation +€8,249
up €8,249 (+31.4%), from €26,274 to €34,523
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,653 | €332,030 | +€7,377 | +2.3% |
| Fixed assets | 21/28 | €208,512 | €226,280 | +€17,768 | +8.5% |
| Intangible fixed assets | 21 | €196,875 | €174,375 | -€22,500 | -11.4% |
| Tangible fixed assets | 22/27 | €11,637 | €51,905 | +€40,268 | +346% |
| Plant, machinery and equipment | 23 | - | €2,634 | +€2,634 | |
| Furniture and vehicles | 24 | €11,637 | €49,271 | +€37,634 | +323% |
| Current assets | 29/58 | €116,142 | €105,750 | -€10,391 | -8.9% |
| Amounts receivable within one year | 40/41 | €1,637 | €10,319 | +€8,682 | +530% |
| Other amounts receivable | 41 | €1,637 | €10,319 | +€8,682 | +530% |
| Cash at bank and in hand | 54/58 | €103,899 | €85,300 | -€18,599 | -17.9% |
| Deferred charges and accrued income | 490/1 | €10,605 | €10,131 | -€474 | -4.5% |
| Total equity and liabilities | 10/49 | €324,653 | €332,030 | +€7,377 | +2.3% |
| Equity | 10/15 | €77,330 | €130,814 | +€53,484 | +69.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,330 | €126,814 | +€53,484 | +72.9% |
| Amounts payable | 17/49 | €247,323 | €201,216 | -€46,107 | -18.6% |
| Amounts payable within one year | 42/48 | €247,323 | €201,216 | -€46,107 | -18.6% |
| Trade debts | 44 | €2,215 | €990 | -€1,225 | -55.3% |
| Suppliers | 440/4 | €2,215 | €990 | -€1,225 | -55.3% |
| Taxes, remuneration and social security | 45 | €25,007 | €16,575 | -€8,432 | -33.7% |
| Taxes | 450/3 | €25,007 | €16,575 | -€8,432 | -33.7% |
| Other amounts payable | 47/48 | €220,101 | €183,651 | -€36,450 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,274 | €34,523 | +€8,249 | +31.4% |
| Other operating charges | 640/8 | €387 | €536 | +€149 | +38.4% |
| Gross operating margin | 9900 | €113,341 | €100,037 | -€13,303 | -11.7% |
| Operating profit (loss) | 9901 | €86,679 | €64,978 | -€21,701 | -25.0% |
| Financial charges | 65/66B | €107 | €78 | -€29 | -26.8% |
| Recurring financial charges | 65 | €107 | €78 | -€29 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €86,573 | €64,900 | -€21,672 | -25.0% |
| Income taxes | 67/77 | €21,988 | €11,417 | -€10,571 | -48.1% |
| Profit (loss) for the period | 9904 | €64,585 | €53,484 | -€11,101 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,585 | €53,484 | -€11,101 | -17.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.