RECEP 38: 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.
RECEP 38
Largest movements
- Cash -€29,123
down €29,123 (-93.3%), from €31,203 to €2,081
- Receivables within one year +€25,826
up €25,826 (+10,611%), from €243 to €26,070
of which Trade receivables: +€16,686
- Deferred charges and accrued income +€7,475
new in 2024: €7,475
- Tangible fixed assets +€2,018
up €2,018 (+18.6%), from €10,847 to €12,865
of which Plant, machinery and equipment: +€1,822
- Trade debts +€15,280
up €15,280 (+234%), from €6,529 to €21,810
- Tax, wage and social debts -€10,453
down €10,453 (-69.3%), from €15,076 to €4,623
- Reserves +€5,000
new in 2024: €5,000
- Profit (loss) carried forward -€3,520
down €3,520 (-23.0%), from €15,330 to €11,809
- Gross operating margin -€12,738
down €12,738 (-87.9%), from €14,490 to €1,752
- Depreciation +€3,102
up €3,102 (+78.3%), from €3,960 to €7,062
- Financial income +€962
new in 2024: €962
- Financial charges +€584
up €584 (+661%), from €88 to €672
- Staff costs -€318
no longer reported in 2024 (was €318)
From the 2022 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,045 | €51,242 | +€6,197 | +13.8% |
| Fixed assets | 21/28 | €10,847 | €12,865 | +€2,018 | +18.6% |
| Tangible fixed assets | 22/27 | €10,847 | €12,865 | +€2,018 | +18.6% |
| Land and buildings | 22 | €1,803 | €1,095 | -€708 | -39.3% |
| Plant, machinery and equipment | 23 | €6,816 | €8,638 | +€1,822 | +26.7% |
| Furniture and vehicles | 24 | €2,228 | €3,132 | +€904 | +40.6% |
| Current assets | 29/58 | €34,198 | €38,377 | +€4,179 | +12.2% |
| Stocks and contracts in progress | 3 | €2,751 | €2,751 | = | 0.0% |
| Stocks | 30/36 | €2,751 | €2,751 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €243 | €26,070 | +€25,826 | +10,611% |
| Trade receivables | 40 | - | €16,686 | +€16,686 | |
| Other amounts receivable | 41 | €243 | €9,384 | +€9,140 | +3,755% |
| Cash at bank and in hand | 54/58 | €31,203 | €2,081 | -€29,123 | -93.3% |
| Deferred charges and accrued income | 490/1 | - | €7,475 | +€7,475 | |
| Total equity and liabilities | 10/49 | €45,045 | €51,242 | +€6,197 | +13.8% |
| Equity | 10/15 | €23,330 | €24,809 | +€1,480 | +6.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €15,330 | €11,809 | -€3,520 | -23.0% |
| Amounts payable | 17/49 | €21,715 | €26,432 | +€4,717 | +21.7% |
| Amounts payable within one year | 42/48 | €21,715 | €26,432 | +€4,717 | +21.7% |
| Trade debts | 44 | €6,529 | €21,810 | +€15,280 | +234% |
| Suppliers | 440/4 | €6,529 | €21,810 | +€15,280 | +234% |
| Taxes, remuneration and social security | 45 | €15,076 | €4,623 | -€10,453 | -69.3% |
| Taxes | 450/3 | €15,076 | €4,623 | -€10,453 | -69.3% |
| Other amounts payable | 47/48 | €110 | - | -€110 | |
| Remuneration, social security and pensions | 62 | €318 | - | -€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,960 | €7,062 | +€3,102 | +78.3% |
| Other operating charges | 640/8 | €1,003 | €1,277 | +€274 | +27.4% |
| Gross operating margin | 9900 | €14,490 | €1,752 | -€12,738 | -87.9% |
| Operating profit (loss) | 9901 | €9,209 | -€6,587 | -€15,796 | |
| Financial income | 75/76B | - | €962 | +€962 | |
| Recurring financial income | 75 | - | €962 | +€962 | |
| Financial charges | 65/66B | €88 | €672 | +€584 | +661% |
| Recurring financial charges | 65 | €88 | €672 | +€584 | +661% |
| Profit (loss) for the period before taxes | 9903 | €9,121 | -€6,298 | -€15,419 | |
| Income taxes | 67/77 | - | €121 | +€121 | |
| Profit (loss) for the period | 9904 | €9,121 | -€6,419 | -€15,540 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,121 | -€6,419 | -€15,540 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.