RECLAMEMAKER: 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.
RECLAMEMAKER
Largest movements
- Receivables within one year -€32,107
down €32,107 (-34.0%), from €94,538 to €62,431
of which Trade receivables: -€42,260
- Cash -€14,894
down €14,894 (-87.4%), from €17,048 to €2,154
mainly Tax, wage and social debts (-€29,937) and Other debts (-€29,340)
- Tangible fixed assets +€13,742
up €13,742 (+90.9%), from €15,123 to €28,865
of which Furniture and vehicles: +€14,638
- Intangible fixed assets -€1,670
down €1,670 (-33.3%), from €5,010 to €3,340
- Profit (loss) carried forward +€49,522
new in 2025: €49,522
- Tax, wage and social debts -€29,937
down €29,937 (-59.9%), from €49,954 to €20,017
- Other debts -€29,340
no longer reported in 2025 (was €29,340)
- Trade debts -€26,438
down €26,438 (-68.0%), from €38,851 to €12,414
- Taxes -€24,271
down €24,271, from €15,213 to -€9,058
- Gross operating margin -€15,196
down €15,196 (-21.9%), from €69,353 to €54,157
- Depreciation +€4,727
up €4,727 (+199%), from €2,379 to €7,106
- Other operating charges -€4,053
down €4,053 (-58.6%), from €6,913 to €2,860
- Financial charges -€1,185
down €1,185 (-24.1%), from €4,921 to €3,735
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.
Derived cash bridge
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 | €142,618 | €106,435 | -€36,184 | -25.4% |
| Fixed assets | 21/28 | €20,133 | €32,205 | +€12,072 | +60.0% |
| Intangible fixed assets | 21 | €5,010 | €3,340 | -€1,670 | -33.3% |
| Tangible fixed assets | 22/27 | €15,123 | €28,865 | +€13,742 | +90.9% |
| Land and buildings | 22 | €8,937 | €8,041 | -€896 | -10.0% |
| Furniture and vehicles | 24 | €6,186 | €20,824 | +€14,638 | +237% |
| Current assets | 29/58 | €122,485 | €74,230 | -€48,255 | -39.4% |
| Stocks and contracts in progress | 3 | €9,042 | €9,042 | = | 0.0% |
| Contracts in progress | 37 | €9,042 | €9,042 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,538 | €62,431 | -€32,107 | -34.0% |
| Trade receivables | 40 | €54,308 | €12,048 | -€42,260 | -77.8% |
| Other amounts receivable | 41 | €40,230 | €50,384 | +€10,153 | +25.2% |
| Cash at bank and in hand | 54/58 | €17,048 | €2,154 | -€14,894 | -87.4% |
| Deferred charges and accrued income | 490/1 | €1,856 | €602 | -€1,255 | -67.6% |
| Total equity and liabilities | 10/49 | €142,618 | €106,435 | -€36,184 | -25.4% |
| Equity | 10/15 | €20,126 | €69,648 | +€49,522 | +246% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,926 | €13,926 | = | 0.0% |
| Distributable reserves | 133 | €13,926 | €13,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €49,522 | +€49,522 | |
| Amounts payable | 17/49 | €122,492 | €36,786 | -€85,706 | -70.0% |
| Amounts payable within one year | 42/48 | €122,492 | €36,786 | -€85,706 | -70.0% |
| Financial debts | 43 | €4,347 | €4,355 | +€9 | +0.2% |
| Credit institutions | 430/8 | €4,347 | €4,355 | +€9 | +0.2% |
| Trade debts | 44 | €38,851 | €12,414 | -€26,438 | -68.0% |
| Suppliers | 440/4 | €38,851 | €12,414 | -€26,438 | -68.0% |
| Taxes, remuneration and social security | 45 | €49,954 | €20,017 | -€29,937 | -59.9% |
| Taxes | 450/3 | €49,954 | €20,017 | -€29,937 | -59.9% |
| Other amounts payable | 47/48 | €29,340 | - | -€29,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,379 | €7,106 | +€4,727 | +199% |
| Other operating charges | 640/8 | €6,913 | €2,860 | -€4,053 | -58.6% |
| Gross operating margin | 9900 | €69,353 | €54,157 | -€15,196 | -21.9% |
| Operating profit (loss) | 9901 | €60,061 | €44,191 | -€15,870 | -26.4% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €4,921 | €3,735 | -€1,185 | -24.1% |
| Recurring financial charges | 65 | €4,921 | €3,735 | -€1,185 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €55,140 | €40,464 | -€14,676 | -26.6% |
| Income taxes | 67/77 | €15,213 | -€9,058 | -€24,271 | |
| Profit (loss) for the period | 9904 | €39,927 | €49,522 | +€9,595 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,927 | €49,522 | +€9,595 | +24.0% |
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 19 October 2026 via checked.be.