ReCiTe: 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.
ReCiTe
Largest movements
- Receivables within one year +€40,741
up €40,741 (+202.8%), from €20,086 to €60,828
of which Other amounts receivable: +€38,467
- Tangible fixed assets -€8,113
down €8,113 (-41.6%), from €19,490 to €11,378
of which Plant, machinery and equipment: -€7,036
- Cash +€6,925
up €6,925 (+9.4%), from €73,887 to €80,812
mainly Net result for the year (+€40,883) and Advances received (+€13,117)
- Stocks and contracts +€2,853
up €2,853 (+69.5%), from €4,103 to €6,956
- Reserves +€36,893
up €36,893 (+53.3%), from €69,217 to €106,110
- Advances received +€13,117
up €13,117 (+88.5%), from €14,827 to €27,944
- Trade debts -€11,746
down €11,746 (-99.8%), from €11,767 to €21
- Tax, wage and social debts +€8,028
up €8,028 (+319.0%), from €2,517 to €10,545
of which Taxes: +€8,028
- Debts after one year -€6,122
down €6,122 (-100.0%), from €6,122 to €0
- Gross operating margin +€39,999
up €39,999 (+88.9%), from €44,988 to €84,986
- Taxes +€8,971
up €8,971 (+147.4%), from €6,088 to €15,058
- Staff costs +€1,513
up €1,513 (+12.9%), from €11,732 to €13,245
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 | €119,566 | €161,973 | +€42,407 | +35.5% |
| Fixed assets | 21/28 | €21,490 | €13,378 | -€8,113 | -37.8% |
| Tangible fixed assets | 22/27 | €19,490 | €11,378 | -€8,113 | -41.6% |
| Plant, machinery and equipment | 23 | €17,189 | €10,153 | -€7,036 | -40.9% |
| Furniture and vehicles | 24 | €2,302 | €1,225 | -€1,077 | -46.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €98,076 | €148,596 | +€50,520 | +51.5% |
| Stocks and contracts in progress | 3 | €4,103 | €6,956 | +€2,853 | +69.5% |
| Stocks | 30/36 | €4,103 | €6,956 | +€2,853 | +69.5% |
| Amounts receivable within one year | 40/41 | €20,086 | €60,828 | +€40,741 | +202.8% |
| Trade receivables | 40 | €4,700 | €6,974 | +€2,274 | +48.4% |
| Other amounts receivable | 41 | €15,386 | €53,853 | +€38,467 | +250.0% |
| Cash at bank and in hand | 54/58 | €73,887 | €80,812 | +€6,925 | +9.4% |
| Total equity and liabilities | 10/49 | €119,566 | €161,973 | +€42,407 | +35.5% |
| Equity | 10/15 | €76,459 | €113,352 | +€36,893 | +48.3% |
| Contributions | 10/11 | €7,242 | €7,242 | = | 0.0% |
| Reserves | 13 | €69,217 | €106,110 | +€36,893 | +53.3% |
| Distributable reserves | 133 | €69,217 | €106,110 | +€36,893 | +53.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €43,107 | €48,621 | +€5,515 | +12.8% |
| Amounts payable after more than one year | 17 | €6,122 | €0 | -€6,122 | -100.0% |
| Financial debts | 170/4 | €6,122 | €0 | -€6,122 | -100.0% |
| Amounts payable within one year | 42/48 | €36,985 | €48,621 | +€11,636 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €7,874 | €6,122 | -€1,753 | -22.3% |
| Trade debts | 44 | €11,767 | €21 | -€11,746 | -99.8% |
| Suppliers | 440/4 | €11,767 | €21 | -€11,746 | -99.8% |
| Advances received on contracts in progress | 46 | €14,827 | €27,944 | +€13,117 | +88.5% |
| Taxes, remuneration and social security | 45 | €2,517 | €10,545 | +€8,028 | +319.0% |
| Taxes | 450/3 | €2,432 | €10,460 | +€8,028 | +330.2% |
| Remuneration and social security | 454/9 | €85 | €85 | = | 0.0% |
| Other amounts payable | 47/48 | - | €3,990 | +€3,990 | |
| Remuneration, social security and pensions | 62 | €11,732 | €13,245 | +€1,513 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,462 | €8,113 | -€350 | -4.1% |
| Other operating charges | 640/8 | €2,021 | €1,749 | -€271 | -13.4% |
| Non-recurring operating charges | 66A | - | €3,936 | +€3,936 | |
| Gross operating margin | 9900 | €44,988 | €84,986 | +€39,999 | +88.9% |
| Operating profit (loss) | 9901 | €22,773 | €57,944 | +€35,171 | +154.4% |
| Financial income | 75/76B | €0 | €408 | +€408 | +119932.4% |
| Recurring financial income | 75 | €0 | €408 | +€408 | +119932.4% |
| Financial charges | 65/66B | €2,595 | €2,411 | -€185 | -7.1% |
| Recurring financial charges | 65 | €2,595 | €2,411 | -€185 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €20,178 | €55,941 | +€35,763 | +177.2% |
| Income taxes | 67/77 | €6,088 | €15,058 | +€8,971 | +147.4% |
| Profit (loss) for the period | 9904 | €14,090 | €40,883 | +€26,792 | +190.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,090 | €40,883 | +€26,792 | +190.1% |
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 10 October 2026 via checked.be.