RECA BELUX: 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.
What changed
RECA BELUX
NACE 46.841, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€290,348
2024 · -€27,060-€263,288
Equity
€2.3m
2024 · €2.6m-€290,348
Cash
€359,679
2024 · €486,742-€127,063
Balance sheet total
€4.8m
2024 · €5.3m-€533,644
Largest movements
Assets
- Receivables within one year -€438,181
down €438,181 (-16.2%), from €2.7m to €2.3m
of which Other amounts receivable: -€252,696
- Tangible fixed assets +€208,493
up €208,493 (+62.3%), from €334,750 to €543,243
of which Plant, machinery and equipment: +€233,009
- Current investments -€200,000
down €200,000 (-12.5%), from €1.6m to €1.4m
- Cash -€127,063
down €127,063 (-26.1%), from €486,742 to €359,679
mainly Investment in fixed assets (net) (-€339,834) and Net result for the year (-€290,348)
Equity and liabilities
- Reserves -€290,348
down €290,348 (-11.7%), from €2.5m to €2.2m
of which Distributable reserves: -€290,348
- Tax, wage and social debts -€227,978
down €227,978 (-15.1%), from €1.5m to €1.3m
of which Remuneration and social security: -€208,623
Income statement
- Staff costs +€320,677
up €320,677 (+4.4%), from €7.3m to €7.6m
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.
Result 2024
-€27,060
Turnover
+€113,796
Other operating income
-€50,637
Goods and materials
-€75,540
Services and other goods
+€96,414
Staff costs
-€320,677
Depreciation
-€43,555
Write-downs
+€34
Other operating charges
+€7,413
Financial income
-€29,400
Financial charges
-€23,383
Taxes
+€62,246
Result 2025
-€290,348
raises the resultlowers the result
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.
From operations
+€8,948
Investment
-€139,834
Financing
+€3,823
Cash 2024
€486,742
From operations (derived)
+€8,948
Net result for the year
-€290,348
Depreciation
+€143,243
Stocks and contracts
-€20,165
Receivables within one year
+€438,181
Deferred charges and accrued income
-€14,844
Trade debts
+€11,154
Tax, wage and social debts
-€227,978
Accrued charges and deferred income
-€30,295
Investment (derived)
-€139,834
Investment in fixed assets (net)
-€339,834
Current investments
+€200,000
Financing
+€3,823
Short-term financial debts
+€3,823
Cash 2025
€359,679
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,291,362 | €4,757,717 | -€533,644 | -10.1% |
| Fixed assets | 21/28 | €372,973 | €569,564 | +€196,591 | +52.7% |
| Intangible fixed assets | 21 | €32,223 | €20,322 | -€11,902 | -36.9% |
| Tangible fixed assets | 22/27 | €334,750 | €543,243 | +€208,493 | +62.3% |
| Plant, machinery and equipment | 23 | €239,082 | €472,091 | +€233,009 | +97.5% |
| Furniture and vehicles | 24 | €95,668 | €71,152 | -€24,516 | -25.6% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €4,918,388 | €4,188,153 | -€730,235 | -14.8% |
| Stocks and contracts in progress | 3 | €104,847 | €125,012 | +€20,165 | +19.2% |
| Stocks | 30/36 | €104,847 | €125,012 | +€20,165 | +19.2% |
| Goods purchased for resale | 34 | €104,847 | €125,012 | +€20,165 | +19.2% |
| Amounts receivable within one year | 40/41 | €2,704,827 | €2,266,646 | -€438,181 | -16.2% |
| Trade receivables | 40 | €2,302,666 | €2,117,181 | -€185,485 | -8.1% |
| Other amounts receivable | 41 | €402,161 | €149,465 | -€252,696 | -62.8% |
| Current investments | 50/53 | €1,600,000 | €1,400,000 | -€200,000 | -12.5% |
| Other investments | 51/53 | €1,600,000 | €1,400,000 | -€200,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €486,742 | €359,679 | -€127,063 | -26.1% |
| Deferred charges and accrued income | 490/1 | €21,973 | €36,816 | +€14,844 | +67.6% |
| Total equity and liabilities | 10/49 | €5,291,362 | €4,757,717 | -€533,644 | -10.1% |
| Equity | 10/15 | €2,635,413 | €2,345,065 | -€290,348 | -11.0% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €2,486,677 | €2,196,329 | -€290,348 | -11.7% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €2,471,804 | €2,181,456 | -€290,348 | -11.7% |
| Amounts payable | 17/49 | €2,655,948 | €2,412,652 | -€243,296 | -9.2% |
| Amounts payable within one year | 42/48 | €2,625,653 | €2,412,652 | -€213,001 | -8.1% |
| Financial debts | 43 | €285 | €4,107 | +€3,823 | +1,343% |
| Credit institutions | 430/8 | €285 | €4,107 | +€3,823 | +1,343% |
| Trade debts | 44 | €1,114,901 | €1,126,055 | +€11,154 | +1.0% |
| Suppliers | 440/4 | €1,114,901 | €1,126,055 | +€11,154 | +1.0% |
| Taxes, remuneration and social security | 45 | €1,510,468 | €1,282,489 | -€227,978 | -15.1% |
| Taxes | 450/3 | €228,131 | €208,775 | -€19,356 | -8.5% |
| Remuneration and social security | 454/9 | €1,282,337 | €1,073,714 | -€208,623 | -16.3% |
| Accrued charges and deferred income | 492/3 | €30,295 | - | -€30,295 | |
| Operating income | 70/76A | €18,810,831 | €18,873,990 | +€63,159 | +0.3% |
| Turnover | 70 | €18,512,896 | €18,626,692 | +€113,796 | +0.6% |
| Other operating income | 74 | €297,934 | €247,298 | -€50,637 | -17.0% |
| Operating charges | 60/66A | €18,629,524 | €18,965,434 | +€335,911 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €8,364,809 | €8,440,349 | +€75,540 | +0.9% |
| Purchases | 600/8 | €8,278,703 | €8,460,515 | +€181,812 | +2.2% |
| Change in stocks: decrease (increase) | 609 | €86,106 | -€20,165 | -€106,272 | |
| Services and other goods | 61 | €2,771,363 | €2,674,950 | -€96,414 | -3.5% |
| Remuneration, social security and pensions | 62 | €7,284,499 | €7,605,175 | +€320,677 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,688 | €143,243 | +€43,555 | +43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €98,963 | €98,928 | -€34 | 0.0% |
| Other operating charges | 640/8 | €10,202 | €2,789 | -€7,413 | -72.7% |
| Operating profit (loss) | 9901 | €181,307 | -€91,445 | -€272,751 | |
| Financial income | 75/76B | €95,921 | €66,522 | -€29,400 | -30.6% |
| Recurring financial income | 75 | €95,921 | €66,522 | -€29,400 | -30.6% |
| Income from current assets | 751 | €67,543 | €33,272 | -€34,271 | -50.7% |
| Other financial income | 752/9 | €28,379 | €33,250 | +€4,871 | +17.2% |
| Financial charges | 65/66B | €196,037 | €219,420 | +€23,383 | +11.9% |
| Recurring financial charges | 65 | €196,037 | €219,420 | +€23,383 | +11.9% |
| Debt charges | 650 | €74,403 | €87,734 | +€13,331 | +17.9% |
| Other financial charges | 652/9 | €121,634 | €131,686 | +€10,051 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €81,191 | -€244,343 | -€325,534 | |
| Income taxes | 67/77 | €108,251 | €46,005 | -€62,246 | -57.5% |
| Taxes | 670/3 | €108,251 | €46,005 | -€62,246 | -57.5% |
| Profit (loss) for the period | 9904 | -€27,060 | -€290,348 | -€263,288 | -973% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,060 | -€290,348 | -€263,288 | -973% |
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 22 October 2026 via checked.be.