r-ecruit: 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.
r-ecruit
Largest movements
- Cash +€19,304
up €19,304 (+458%), from €4,217 to €23,521
mainly Net result for the year (+€46,184) and Depreciation (+€7,512)
- Tangible fixed assets -€1,298
down €1,298 (-5.8%), from €22,525 to €21,227
of which Furniture and vehicles: -€5,121
- Intangible fixed assets -€1,213
no longer reported in 2025 (was €1,213)
- Receivables within one year -€1,076
down €1,076 (-4.0%), from €26,798 to €25,722
of which Trade receivables: -€8,632
- Profit (loss) carried forward +€31,184
up €31,184 (+91.5%), from -€34,097 to -€2,913
- Trade debts -€20,787
down €20,787 (-94.2%), from €22,066 to €1,279
- Other debts +€2,894
new in 2025: €2,894
- Tax, wage and social debts +€1,769
up €1,769 (+43.5%), from €4,071 to €5,839
- Gross operating margin +€72,585
up €72,585, from -€14,267 to €58,317
- Taxes +€3,950
new in 2025: €3,950
- Depreciation -€1,005
down €1,005 (-11.8%), from €8,517 to €7,512
- Other operating charges +€722
up €722 (+1,526%), from €47 to €770
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 | €57,540 | €72,599 | +€15,059 | +26.2% |
| Fixed assets | 21/28 | €24,238 | €21,727 | -€2,511 | -10.4% |
| Intangible fixed assets | 21 | €1,213 | - | -€1,213 | |
| Tangible fixed assets | 22/27 | €22,525 | €21,227 | -€1,298 | -5.8% |
| Plant, machinery and equipment | 23 | €448 | €5,002 | +€4,555 | +1,018% |
| Furniture and vehicles | 24 | €17,315 | €12,194 | -€5,121 | -29.6% |
| Other tangible fixed assets | 26 | €4,763 | €4,031 | -€732 | -15.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €33,301 | €50,871 | +€17,570 | +52.8% |
| Amounts receivable within one year | 40/41 | €26,798 | €25,722 | -€1,076 | -4.0% |
| Trade receivables | 40 | €23,304 | €14,672 | -€8,632 | -37.0% |
| Other amounts receivable | 41 | €3,494 | €11,050 | +€7,556 | +216% |
| Cash at bank and in hand | 54/58 | €4,217 | €23,521 | +€19,304 | +458% |
| Deferred charges and accrued income | 490/1 | €2,285 | €1,628 | -€658 | -28.8% |
| Total equity and liabilities | 10/49 | €57,540 | €72,599 | +€15,059 | +26.2% |
| Equity | 10/15 | €31,403 | €62,587 | +€31,184 | +99.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,097 | -€2,913 | +€31,184 | +91.5% |
| Amounts payable | 17/49 | €26,137 | €10,012 | -€16,125 | -61.7% |
| Amounts payable within one year | 42/48 | €26,137 | €10,012 | -€16,125 | -61.7% |
| Trade debts | 44 | €22,066 | €1,279 | -€20,787 | -94.2% |
| Suppliers | 440/4 | €22,066 | €1,279 | -€20,787 | -94.2% |
| Taxes, remuneration and social security | 45 | €4,071 | €5,839 | +€1,769 | +43.5% |
| Taxes | 450/3 | €4,071 | €5,839 | +€1,769 | +43.5% |
| Other amounts payable | 47/48 | - | €2,894 | +€2,894 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,517 | €7,512 | -€1,005 | -11.8% |
| Other operating charges | 640/8 | €47 | €770 | +€722 | +1,526% |
| Gross operating margin | 9900 | -€14,267 | €58,317 | +€72,585 | |
| Operating profit (loss) | 9901 | -€22,832 | €50,036 | +€72,867 | |
| Financial income | 75/76B | €193 | €292 | +€99 | +51.3% |
| Recurring financial income | 75 | €193 | €292 | +€99 | +51.3% |
| Financial charges | 65/66B | €259 | €194 | -€66 | -25.3% |
| Recurring financial charges | 65 | €259 | €194 | -€66 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,898 | €50,134 | +€73,032 | |
| Income taxes | 67/77 | - | €3,950 | +€3,950 | |
| Profit (loss) for the period | 9904 | -€22,898 | €46,184 | +€69,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,898 | €46,184 | +€69,082 |
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 20 October 2026 via checked.be.