RECCO: 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.
RECCO
Largest movements
- Receivables within one year -€19,202
down €19,202 (-64.8%), from €29,635 to €10,433
of which Trade receivables: -€11,498
- Cash +€13,635
up €13,635 (+152.3%), from €8,952 to €22,587
mainly Receivables within one year (+€19,202) and Other debts (+€10,813)
- Tangible fixed assets +€2,005
up €2,005 (+8.8%), from €22,761 to €24,766
of which Other tangible fixed assets: +€2,224
- Other debts +€10,813
up €10,813 (+2513.8%), from €430 to €11,243
- Tax, wage and social debts -€9,442
down €9,442 (-96.5%), from €9,782 to €340
of which Taxes: -€8,960
- Profit (loss) carried forward -€5,502
down €5,502 (-14.9%), from €36,813 to €31,311
- Gross operating margin -€3,409
down €3,409 (-38.5%), from €8,858 to €5,450
- Staff costs +€2,750
up €2,750 (+197.2%), from €1,395 to €4,145
- Depreciation +€1,152
up €1,152 (+27.6%), from €4,176 to €5,328
- Other operating charges +€743
up €743 (+184.4%), from €403 to €1,146
- Taxes -€231
down €231 (-78.8%), from €293 to €62
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.
Cash bridge derived
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 | €62,025 | €57,894 | -€4,131 | -6.7% |
| Fixed assets | 21/28 | €22,761 | €24,766 | +€2,005 | +8.8% |
| Tangible fixed assets | 22/27 | €22,761 | €24,766 | +€2,005 | +8.8% |
| Plant, machinery and equipment | 23 | €2,324 | €4,440 | +€2,116 | +91.1% |
| Furniture and vehicles | 24 | €4,075 | €1,740 | -€2,335 | -57.3% |
| Other tangible fixed assets | 26 | €16,363 | €18,587 | +€2,224 | +13.6% |
| Current assets | 29/58 | €39,264 | €33,127 | -€6,137 | -15.6% |
| Amounts receivable within one year | 40/41 | €29,635 | €10,433 | -€19,202 | -64.8% |
| Trade receivables | 40 | €18,597 | €7,099 | -€11,498 | -61.8% |
| Other amounts receivable | 41 | €11,038 | €3,334 | -€7,704 | -69.8% |
| Cash at bank and in hand | 54/58 | €8,952 | €22,587 | +€13,635 | +152.3% |
| Deferred charges and accrued income | 490/1 | €677 | €107 | -€570 | -84.2% |
| Total equity and liabilities | 10/49 | €62,025 | €57,894 | -€4,131 | -6.7% |
| Equity | 10/15 | €51,813 | €46,311 | -€5,502 | -10.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,813 | €31,311 | -€5,502 | -14.9% |
| Amounts payable | 17/49 | €10,213 | €11,583 | +€1,370 | +13.4% |
| Amounts payable within one year | 42/48 | €10,213 | €11,583 | +€1,370 | +13.4% |
| Taxes, remuneration and social security | 45 | €9,782 | €340 | -€9,442 | -96.5% |
| Taxes | 450/3 | €9,265 | €305 | -€8,960 | -96.7% |
| Remuneration and social security | 454/9 | €517 | €35 | -€482 | -93.3% |
| Other amounts payable | 47/48 | €430 | €11,243 | +€10,813 | +2513.8% |
| Remuneration, social security and pensions | 62 | €1,395 | €4,145 | +€2,750 | +197.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,176 | €5,328 | +€1,152 | +27.6% |
| Other operating charges | 640/8 | €403 | €1,146 | +€743 | +184.4% |
| Gross operating margin | 9900 | €8,858 | €5,450 | -€3,409 | -38.5% |
| Operating profit (loss) | 9901 | €2,884 | -€5,169 | -€8,054 | |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €275 | €315 | +€40 | +14.6% |
| Recurring financial charges | 65 | €275 | €315 | +€40 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €2,609 | -€5,440 | -€8,049 | |
| Income taxes | 67/77 | €293 | €62 | -€231 | -78.8% |
| Profit (loss) for the period | 9904 | €2,316 | -€5,502 | -€7,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,316 | -€5,502 | -€7,818 |
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 9 October 2026 via checked.be.