RECIMAT: 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.
RECIMAT
Largest movements
- Receivables within one year +€241,229
up €241,229 (+9184.3%), from €2,627 to €243,856
of which Trade receivables: +€217,299
- Tangible fixed assets +€208,505
up €208,505 (+1894.1%), from €11,008 to €219,513
of which Leasing and similar rights: +€149,760
- Stocks and contracts +€74,946
new in 2025: €74,946
- Cash +€15,352
up €15,352 (+31.2%), from €49,220 to €64,571
mainly Other debts (+€389,351) and Trade debts (+€164,241)
- Other debts +€389,351
new in 2025: €389,351
- Trade debts +€164,241
up €164,241 (+20104.4%), from €817 to €165,058
- Profit (loss) carried forward -€143,236
down €143,236 (-114.0%), from -€125,692 to -€268,928
- Debts after one year +€106,971
new in 2025: €106,971
- Current portion of long-term debt +€28,721
new in 2025: €28,721
- Staff costs +€153,872
up €153,872 (+177.9%), from €86,480 to €240,352
- Gross operating margin +€129,661
up €129,661, from -€25,337 to €104,324
- Depreciation +€8,174
up €8,174 (+885.3%), from €923 to €9,098
- Financial income +€6,089
new in 2025: €6,089
- Financial charges +€3,046
up €3,046 (+12693.6%), from €24 to €3,070
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 | €63,217 | €603,249 | +€540,032 | +854.2% |
| Fixed assets | 21/28 | €11,371 | €219,876 | +€208,505 | +1833.6% |
| Tangible fixed assets | 22/27 | €11,008 | €219,513 | +€208,505 | +1894.1% |
| Plant, machinery and equipment | 23 | €5,191 | €18,062 | +€12,871 | +247.9% |
| Furniture and vehicles | 24 | €5,817 | €51,691 | +€45,874 | +788.6% |
| Leasing and similar rights | 25 | - | €149,760 | +€149,760 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €51,846 | €383,373 | +€331,527 | +639.4% |
| Stocks and contracts in progress | 3 | - | €74,946 | +€74,946 | |
| Stocks | 30/36 | - | €74,946 | +€74,946 | |
| Amounts receivable within one year | 40/41 | €2,627 | €243,856 | +€241,229 | +9184.3% |
| Trade receivables | 40 | - | €217,299 | +€217,299 | |
| Other amounts receivable | 41 | €2,627 | €26,557 | +€23,930 | +911.1% |
| Cash at bank and in hand | 54/58 | €49,220 | €64,571 | +€15,352 | +31.2% |
| Total equity and liabilities | 10/49 | €63,217 | €603,249 | +€540,032 | +854.2% |
| Equity | 10/15 | €42,858 | -€100,378 | -€143,236 | |
| Contributions | 10/11 | €168,550 | €168,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,692 | -€268,928 | -€143,236 | -114.0% |
| Amounts payable | 17/49 | €20,359 | €703,627 | +€683,268 | +3356.1% |
| Amounts payable after more than one year | 17 | - | €106,971 | +€106,971 | |
| Financial debts | 170/4 | - | €106,971 | +€106,971 | |
| Amounts payable within one year | 42/48 | €20,359 | €596,656 | +€576,297 | +2830.7% |
| Current portion of amounts payable after more than one year | 42 | - | €28,721 | +€28,721 | |
| Trade debts | 44 | €817 | €165,058 | +€164,241 | +20104.4% |
| Suppliers | 440/4 | €817 | €165,058 | +€164,241 | +20104.4% |
| Taxes, remuneration and social security | 45 | €19,542 | €13,526 | -€6,016 | -30.8% |
| Taxes | 450/3 | €5,467 | €4,842 | -€625 | -11.4% |
| Remuneration and social security | 454/9 | €14,075 | €8,684 | -€5,391 | -38.3% |
| Other amounts payable | 47/48 | - | €389,351 | +€389,351 | |
| Remuneration, social security and pensions | 62 | €86,480 | €240,352 | +€153,872 | +177.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €9,098 | +€8,174 | +885.3% |
| Other operating charges | 640/8 | €1,013 | €722 | -€290 | -28.7% |
| Gross operating margin | 9900 | -€25,337 | €104,324 | +€129,661 | |
| Operating profit (loss) | 9901 | -€113,753 | -€145,848 | -€32,095 | -28.2% |
| Financial income | 75/76B | - | €6,089 | +€6,089 | |
| Recurring financial income | 75 | - | €6,089 | +€6,089 | |
| Financial charges | 65/66B | €24 | €3,070 | +€3,046 | +12693.6% |
| Recurring financial charges | 65 | €24 | €3,070 | +€3,046 | +12693.6% |
| Profit (loss) for the period before taxes | 9903 | -€113,777 | -€142,829 | -€29,053 | -25.5% |
| Income taxes | 67/77 | €131 | €407 | +€276 | +211.3% |
| Profit (loss) for the period | 9904 | -€113,907 | -€143,236 | -€29,329 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,907 | -€143,236 | -€29,329 | -25.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.