REC Consulting: 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.
REC Consulting
Largest movements
- Receivables after one year -€13,246
down €13,246 (-2.1%), from €644,258 to €631,012
- Reserves -€45,000
down €45,000 (-8.4%), from €537,000 to €492,000
of which Tax-exempt reserves: -€95,000
- Other debts +€45,000
up €45,000, from €0 to €45,000
- Tax, wage and social debts -€16,436
down €16,436 (-20.4%), from €80,436 to €64,000
- Taxes -€18,914
down €18,914 (-49.9%), from €37,914 to €19,000
- Gross operating margin -€3,119
down €3,119 (-12.5%), from €25,044 to €21,925
- Financial charges -€849
down €849 (-65.3%), from €1,301 to €451
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €645,823 | €632,321 | -€13,503 | -2.1% |
| Fixed assets | 21/28 | €1,301 | €1,301 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €644,522 | €631,020 | -€13,503 | -2.1% |
| Amounts receivable after more than one year | 29 | €644,258 | €631,012 | -€13,246 | -2.1% |
| Other amounts receivable | 291 | €644,258 | €631,012 | -€13,246 | -2.1% |
| Amounts receivable within one year | 40/41 | €170 | €0 | -€170 | -100.0% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €170 | €0 | -€170 | -100.0% |
| Cash at bank and in hand | 54/58 | €94 | €7 | -€87 | -92.4% |
| Total equity and liabilities | 10/49 | €645,823 | €632,321 | -€13,503 | -2.1% |
| Equity | 10/15 | €564,037 | €520,741 | -€43,296 | -7.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €537,000 | €492,000 | -€45,000 | -8.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €195,000 | €100,000 | -€95,000 | -48.7% |
| Distributable reserves | 133 | €340,000 | €390,000 | +€50,000 | +14.7% |
| Profit (loss) carried forward | 14 | €7,037 | €8,741 | +€1,704 | +24.2% |
| Amounts payable | 17/49 | €81,786 | €111,579 | +€29,793 | +36.4% |
| Amounts payable within one year | 42/48 | €81,786 | €111,579 | +€29,793 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,351 | €2,579 | +€1,229 | +91.0% |
| Suppliers | 440/4 | €1,351 | €2,579 | +€1,229 | +91.0% |
| Taxes, remuneration and social security | 45 | €80,436 | €64,000 | -€16,436 | -20.4% |
| Taxes | 450/3 | €80,436 | €64,000 | -€16,436 | -20.4% |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Other operating charges | 640/8 | €486 | €386 | -€100 | -20.7% |
| Non-recurring operating charges | 66A | €384 | €384 | = | 0.0% |
| Gross operating margin | 9900 | €25,044 | €21,925 | -€3,119 | -12.5% |
| Operating profit (loss) | 9901 | €24,174 | €21,155 | -€3,018 | -12.5% |
| Financial charges | 65/66B | €1,301 | €451 | -€849 | -65.3% |
| Recurring financial charges | 65 | €1,301 | €451 | -€849 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €22,873 | €20,704 | -€2,169 | -9.5% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Income taxes | 67/77 | €37,914 | €19,000 | -€18,914 | -49.9% |
| Profit (loss) for the period | 9904 | -€15,041 | €1,704 | +€16,745 | |
| Transfer from tax-exempt reserves | 789 | €140,000 | €95,000 | -€45,000 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,959 | €96,704 | -€28,255 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.