RECIMMO: 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.
RECIMMO
Largest movements
- Current investments -€700,000
down €700,000 (-100.0%), from €700,000 to €0
- Tangible fixed assets +€682,218
up €682,218 (+87.3%), from €781,337 to €1.5m
of which Land and buildings: +€683,455
- Cash +€86,956
up €86,956 (+34.8%), from €249,647 to €336,603
mainly Current investments (+€700,000) and Net result for the year (+€89,113)
- Reserves +€89,113
up €89,113 (+5.4%), from €1.7m to €1.7m
of which Distributable reserves: +€93,253
- Gross operating margin +€241,097
new in 2025: €241,097
- Turnover -€207,920
no longer reported in 2025 (was €207,920)
- Other operating income -€36,681
no longer reported in 2025 (was €36,681)
- Depreciation +€36,461
up €36,461 (+76.0%), from €47,945 to €84,405
- Financial income -€13,114
down €13,114 (-65.0%), from €20,189 to €7,075
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 | €1,740,274 | €1,826,192 | +€85,918 | +4.9% |
| Fixed assets | 21/28 | €781,337 | €1,463,555 | +€682,218 | +87.3% |
| Tangible fixed assets | 22/27 | €781,337 | €1,463,555 | +€682,218 | +87.3% |
| Land and buildings | 22 | €770,278 | €1,453,733 | +€683,455 | +88.7% |
| Plant, machinery and equipment | 23 | €11,059 | €9,822 | -€1,236 | -11.2% |
| Current assets | 29/58 | €958,937 | €362,637 | -€596,301 | -62.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,850 | €24,479 | +€16,628 | +211.8% |
| Other amounts receivable | 41 | €7,850 | €24,479 | +€16,628 | +211.8% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Other investments | 51/53 | €700,000 | - | -€700,000 | |
| Cash at bank and in hand | 54/58 | €249,647 | €336,603 | +€86,956 | +34.8% |
| Deferred charges and accrued income | 490/1 | €1,439 | €1,555 | +€116 | +8.0% |
| Total equity and liabilities | 10/49 | €1,740,274 | €1,826,192 | +€85,918 | +4.9% |
| Equity | 10/15 | €1,717,258 | €1,806,370 | +€89,113 | +5.2% |
| 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 | €1,655,258 | €1,744,370 | +€89,113 | +5.4% |
| Non-distributable reserves | 130/1 | €155,095 | €155,095 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €148,895 | €148,895 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,193 | €14,053 | -€4,140 | -22.8% |
| Distributable reserves | 133 | €1,481,969 | €1,575,222 | +€93,253 | +6.3% |
| Provisions and deferred taxes | 16 | €6,064 | €4,684 | -€1,380 | -22.8% |
| Deferred taxes | 168 | €6,064 | €4,684 | -€1,380 | -22.8% |
| Amounts payable | 17/49 | €16,952 | €15,138 | -€1,815 | -10.7% |
| Amounts payable within one year | 42/48 | €16,952 | €15,138 | -€1,815 | -10.7% |
| Trade debts | 44 | €3,462 | €1,552 | -€1,910 | -55.2% |
| Suppliers | 440/4 | €3,462 | €1,552 | -€1,910 | -55.2% |
| Taxes, remuneration and social security | 45 | €3,553 | €3,649 | +€95 | +2.7% |
| Taxes | 450/3 | €3,553 | €3,649 | +€95 | +2.7% |
| Other amounts payable | 47/48 | €9,937 | €9,937 | = | 0.0% |
| Operating income | 70/76A | €244,601 | - | -€244,601 | |
| Turnover | 70 | €207,920 | - | -€207,920 | |
| Other operating income | 74 | €36,681 | - | -€36,681 | |
| Operating charges | 60/66A | €98,701 | - | -€98,701 | |
| Services and other goods | 61 | €12,882 | - | -€12,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,945 | €84,405 | +€36,461 | +76.0% |
| Other operating charges | 640/8 | €37,875 | €39,969 | +€2,095 | +5.5% |
| Gross operating margin | 9900 | - | €241,097 | +€241,097 | |
| Operating profit (loss) | 9901 | €145,901 | €116,723 | -€29,178 | -20.0% |
| Financial income | 75/76B | €20,189 | €7,075 | -€13,114 | -65.0% |
| Recurring financial income | 75 | €20,189 | €7,075 | -€13,114 | -65.0% |
| Income from current assets | 751 | €20,189 | - | -€20,189 | |
| Financial charges | 65/66B | €734 | €943 | +€209 | +28.4% |
| Recurring financial charges | 65 | €734 | €943 | +€209 | +28.4% |
| Other financial charges | 652/9 | €734 | - | -€734 | |
| Profit (loss) for the period before taxes | 9903 | €165,355 | €122,855 | -€42,500 | -25.7% |
| Transfer from deferred taxes | 780 | €1,380 | €1,380 | = | 0.0% |
| Income taxes | 67/77 | €43,578 | €35,123 | -€8,456 | -19.4% |
| Taxes | 670/3 | €43,578 | - | -€43,578 | |
| Profit (loss) for the period | 9904 | €123,157 | €89,113 | -€34,045 | -27.6% |
| Transfer from tax-exempt reserves | 789 | €4,140 | €4,140 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,298 | €93,253 | -€34,045 | -26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.