RECENTA: what changed
Two fiscal 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.
RECENTA
Largest movements
- Current investments +€200,000
new in 2024: €200,000
- Tangible fixed assets +€69,320
up €69,320 (+12.1%), from €574,595 to €643,914
- Cash -€62,124
down €62,124 (-39.5%), from €157,377 to €95,254
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€88,159)
- Reserves +€131,235
up €131,235 (+26.1%), from €502,579 to €633,813
of which Tax-exempt reserves: +€176,774
- Provisions +€58,925
up €58,925 (+109.2%), from €53,958 to €112,883
- Other debts +€15,691
up €15,691 (+14.9%), from €105,582 to €121,273
- Gross operating margin +€202,403
up €202,403 (+1155.9%), from €17,510 to €219,913
- Financial charges +€2,568
up €2,568 (+41.0%), from €6,256 to €8,824
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 | €732,056 | €939,892 | +€207,836 | +28.4% |
| Fixed assets | 21/28 | €574,595 | €643,914 | +€69,320 | +12.1% |
| Tangible fixed assets | 22/27 | €574,595 | €643,914 | +€69,320 | +12.1% |
| Land and buildings | 22 | €574,595 | €643,914 | +€69,320 | +12.1% |
| Current assets | 29/58 | €157,461 | €295,977 | +€138,516 | +88.0% |
| Amounts receivable within one year | 40/41 | €84 | €59 | -€25 | -30.3% |
| Other amounts receivable | 41 | €84 | €59 | -€25 | -30.3% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €157,377 | €95,254 | -€62,124 | -39.5% |
| Deferred charges and accrued income | 490/1 | - | €665 | +€665 | |
| Total equity and liabilities | 10/49 | €732,056 | €939,892 | +€207,836 | +28.4% |
| Equity | 10/15 | €564,579 | €695,813 | +€131,235 | +23.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €502,579 | €633,813 | +€131,235 | +26.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,875 | €338,649 | +€176,774 | +109.2% |
| Distributable reserves | 133 | €334,504 | €288,965 | -€45,539 | -13.6% |
| Provisions and deferred taxes | 16 | €53,958 | €112,883 | +€58,925 | +109.2% |
| Deferred taxes | 168 | €53,958 | €112,883 | +€58,925 | +109.2% |
| Amounts payable | 17/49 | €113,519 | €131,195 | +€17,676 | +15.6% |
| Amounts payable within one year | 42/48 | €108,190 | €124,085 | +€15,895 | +14.7% |
| Trade debts | 44 | €731 | €195 | -€536 | -73.3% |
| Suppliers | 440/4 | €731 | €195 | -€536 | -73.3% |
| Taxes, remuneration and social security | 45 | €1,877 | €2,617 | +€740 | +39.4% |
| Taxes | 450/3 | €1,877 | €2,617 | +€740 | +39.4% |
| Other amounts payable | 47/48 | €105,582 | €121,273 | +€15,691 | +14.9% |
| Accrued charges and deferred income | 492/3 | €5,329 | €7,110 | +€1,781 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,074 | €18,840 | +€765 | +4.2% |
| Other operating charges | 640/8 | €3,633 | €2,699 | -€934 | -25.7% |
| Gross operating margin | 9900 | €17,510 | €219,913 | +€202,403 | +1155.9% |
| Operating profit (loss) | 9901 | -€4,197 | €198,375 | +€202,572 | |
| Financial income | 75/76B | €280 | €786 | +€505 | +180.4% |
| Recurring financial income | 75 | €280 | €786 | +€505 | +180.4% |
| Financial charges | 65/66B | €6,256 | €8,824 | +€2,568 | +41.0% |
| Recurring financial charges | 65 | €6,256 | €8,824 | +€2,568 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,172 | €190,336 | +€200,509 | |
| Transfer from deferred taxes | 780 | €1,923 | €4,156 | +€2,233 | +116.1% |
| Income taxes | 67/77 | - | €177 | +€177 | |
| Profit (loss) for the period | 9904 | -€8,249 | €194,316 | +€202,565 | |
| Transfer from tax-exempt reserves | 789 | €5,770 | €4,742 | -€1,029 | -17.8% |
| Transfer to tax-exempt reserves | 689 | - | €244,597 | +€244,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,479 | -€45,539 | -€43,061 | -1737.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.