RECEPTEL: 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
RECEPTEL
NACE 78.100, Employment placement agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€178,241
2024 · -€155,268-€22,973
Equity
-€22,991
2024 · €155,250-€178,241
Cash
€207,661
2024 · €334,539-€126,879
Balance sheet total
€1.9m
2024 · €2.0m-€115,635
Largest movements
Assets
- Cash -€126,879
down €126,879 (-37.9%), from €334,539 to €207,661
mainly Tax, wage and social debts (-€322,832) and Net result for the year (-€178,241)
- Deferred charges and accrued income +€21,509
up €21,509 (+47.6%), from €45,234 to €66,744
Equity and liabilities
- Tax, wage and social debts -€322,832
down €322,832 (-27.3%), from €1.2m to €859,647
of which Remuneration and social security: -€361,763
- Other debts +€299,316
new in 2025: €299,316
- Profit (loss) carried forward -€178,241
down €178,241, from €14,433 to -€163,808
- Trade debts +€87,702
up €87,702 (+13.2%), from €664,697 to €752,399
Income statement
- Turnover -€1.3m
down €1.3m (-14.8%), from €8.9m to €7.6m
- Staff costs -€1.0m
down €1.0m (-16.5%), from €6.3m to €5.3m
- Services and other goods -€348,875
down €348,875 (-12.9%), from €2.7m to €2.4m
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
-€155,268
Turnover
-€1.3m
Other operating income
-€21,843
Services and other goods
+€348,875
Staff costs
+€1.0m
Depreciation
-€13,677
Other operating charges
-€307
Financial charges
-€45,370
Taxes
-€21,487
Result 2025
-€178,241
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.
From operations
-€80,897
Investment
-€45,981
Financing
€0
Cash 2024
€334,539
From operations (derived)
-€80,897
Net result for the year
-€178,241
Depreciation
+€60,904
Receivables within one year
-€4,657
Deferred charges and accrued income
-€21,509
Trade debts
+€87,702
Tax, wage and social debts
-€322,832
Other debts
+€299,316
Accrued charges and deferred income
-€1,580
Investment (derived)
-€45,981
Investment in fixed assets (net)
-€45,981
Cash 2025
€207,661
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,040,843 | €1,925,208 | -€115,635 | -5.7% |
| Fixed assets | 21/28 | €210,218 | €195,295 | -€14,923 | -7.1% |
| Tangible fixed assets | 22/27 | €192,538 | €177,915 | -€14,623 | -7.6% |
| Plant, machinery and equipment | 23 | €89,355 | €80,777 | -€8,578 | -9.6% |
| Furniture and vehicles | 24 | €103,183 | €97,138 | -€6,045 | -5.9% |
| Financial fixed assets | 28 | €17,680 | €17,380 | -€300 | -1.7% |
| Other financial fixed assets | 284/8 | €17,680 | €17,380 | -€300 | -1.7% |
| Amounts receivable and cash guarantees | 285/8 | €17,680 | €17,380 | -€300 | -1.7% |
| Current assets | 29/58 | €1,830,625 | €1,729,913 | -€100,713 | -5.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,450,852 | €1,455,508 | +€4,657 | +0.3% |
| Trade receivables | 40 | €1,328,637 | €1,455,096 | +€126,459 | +9.5% |
| Other amounts receivable | 41 | €122,215 | €413 | -€121,802 | -99.7% |
| Cash at bank and in hand | 54/58 | €334,539 | €207,661 | -€126,879 | -37.9% |
| Deferred charges and accrued income | 490/1 | €45,234 | €66,744 | +€21,509 | +47.6% |
| Total equity and liabilities | 10/49 | €2,040,843 | €1,925,208 | -€115,635 | -5.7% |
| Equity | 10/15 | €155,250 | -€22,991 | -€178,241 | |
| Contributions | 10/11 | €125,062 | €125,062 | = | 0.0% |
| Capital | 10 | €125,062 | €125,062 | = | 0.0% |
| Issued capital | 100 | €125,062 | €125,062 | = | 0.0% |
| Reserves | 13 | €15,755 | €15,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,506 | €12,506 | = | 0.0% |
| Legal reserve | 130 | €12,506 | €12,506 | = | 0.0% |
| Distributable reserves | 133 | €3,249 | €3,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,433 | -€163,808 | -€178,241 | |
| Amounts payable | 17/49 | €1,885,593 | €1,948,199 | +€62,606 | +3.3% |
| Amounts payable within one year | 42/48 | €1,847,176 | €1,911,362 | +€64,186 | +3.5% |
| Trade debts | 44 | €664,697 | €752,399 | +€87,702 | +13.2% |
| Suppliers | 440/4 | €664,697 | €752,399 | +€87,702 | +13.2% |
| Taxes, remuneration and social security | 45 | €1,182,479 | €859,647 | -€322,832 | -27.3% |
| Taxes | 450/3 | €172,853 | €211,784 | +€38,931 | +22.5% |
| Remuneration and social security | 454/9 | €1,009,626 | €647,863 | -€361,763 | -35.8% |
| Other amounts payable | 47/48 | - | €299,316 | +€299,316 | |
| Accrued charges and deferred income | 492/3 | €38,417 | €36,837 | -€1,580 | -4.1% |
| Operating income | 70/76A | €9,015,881 | €7,683,422 | -€1.3m | -14.8% |
| Turnover | 70 | €8,878,518 | €7,567,902 | -€1.3m | -14.8% |
| Other operating income | 74 | €137,363 | €115,520 | -€21,843 | -15.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €9,082,225 | €7,705,881 | -€1.4m | -15.2% |
| Services and other goods | 61 | €2,704,771 | €2,355,896 | -€348,875 | -12.9% |
| Remuneration, social security and pensions | 62 | €6,329,897 | €5,288,445 | -€1.0m | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,227 | €60,904 | +€13,677 | +29.0% |
| Other operating charges | 640/8 | €330 | €637 | +€307 | +92.9% |
| Operating profit (loss) | 9901 | -€66,343 | -€22,459 | +€43,884 | +66.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €73,143 | €118,512 | +€45,370 | +62.0% |
| Recurring financial charges | 65 | €73,143 | €118,512 | +€45,370 | +62.0% |
| Debt charges | 650 | €63,965 | €113,402 | +€49,437 | +77.3% |
| Other financial charges | 652/9 | €9,178 | €5,110 | -€4,068 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€139,486 | -€140,972 | -€1,486 | -1.1% |
| Income taxes | 67/77 | €15,782 | €37,269 | +€21,487 | +136.1% |
| Taxes | 670/3 | €15,782 | €37,269 | +€21,487 | +136.1% |
| Profit (loss) for the period | 9904 | -€155,268 | -€178,241 | -€22,973 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€155,268 | -€178,241 | -€22,973 | -14.8% |
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.