RECLOSES: 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.
RECLOSES
Largest movements
- Current investments +€544,474
up €544,474 (+340.3%), from €160,000 to €704,474
- Cash -€435,847
down €435,847 (-97.7%), from €446,256 to €10,409
mainly Current investments (-€544,474) and Investment in fixed assets (net) (-€23,722)
- Tangible fixed assets +€19,166
up €19,166 (+233.4%), from €8,211 to €27,377
of which Furniture and vehicles: +€20,134
- Reserves +€77,473
up €77,473 (+18.8%), from €411,061 to €488,534
- Tax, wage and social debts +€25,324
up €25,324 (+101.4%), from €24,964 to €50,288
- Other debts +€22,852
up €22,852 (+8.3%), from €276,381 to €299,233
- Gross operating margin -€76,495
down €76,495 (-37.0%), from €206,897 to €130,402
- Taxes -€24,263
down €24,263 (-37.7%), from €64,410 to €40,147
- Financial income -€5,190
down €5,190 (-27.0%), from €19,238 to €14,048
- Depreciation +€2,762
up €2,762 (+154.0%), from €1,794 to €4,556
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 | €742,505 | €871,950 | +€129,445 | +17.4% |
| Fixed assets | 21/28 | €8,216 | €27,382 | +€19,166 | +233.3% |
| Tangible fixed assets | 22/27 | €8,211 | €27,377 | +€19,166 | +233.4% |
| Land and buildings | 22 | €5,140 | €4,940 | -€200 | -3.9% |
| Furniture and vehicles | 24 | - | €20,134 | +€20,134 | |
| Other tangible fixed assets | 26 | €3,071 | €2,303 | -€768 | -25.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €734,289 | €844,568 | +€110,279 | +15.0% |
| Amounts receivable within one year | 40/41 | €127,149 | €128,866 | +€1,717 | +1.4% |
| Trade receivables | 40 | €127,149 | €128,866 | +€1,717 | +1.4% |
| Current investments | 50/53 | €160,000 | €704,474 | +€544,474 | +340.3% |
| Cash at bank and in hand | 54/58 | €446,256 | €10,409 | -€435,847 | -97.7% |
| Deferred charges and accrued income | 490/1 | €883 | €818 | -€65 | -7.4% |
| Total equity and liabilities | 10/49 | €742,505 | €871,950 | +€129,445 | +17.4% |
| Equity | 10/15 | €417,261 | €494,734 | +€77,473 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €411,061 | €488,534 | +€77,473 | +18.8% |
| Distributable reserves | 133 | €411,061 | €488,534 | +€77,473 | +18.8% |
| Amounts payable | 17/49 | €325,243 | €377,215 | +€51,972 | +16.0% |
| Amounts payable within one year | 42/48 | €304,368 | €356,838 | +€52,471 | +17.2% |
| Trade debts | 44 | €3,024 | €7,318 | +€4,295 | +142.0% |
| Suppliers | 440/4 | €3,024 | €7,318 | +€4,295 | +142.0% |
| Taxes, remuneration and social security | 45 | €24,964 | €50,288 | +€25,324 | +101.4% |
| Taxes | 450/3 | €24,964 | €50,288 | +€25,324 | +101.4% |
| Other amounts payable | 47/48 | €276,381 | €299,233 | +€22,852 | +8.3% |
| Accrued charges and deferred income | 492/3 | €20,875 | €20,377 | -€499 | -2.4% |
| Non-recurring operating income | 76A | - | €5,124 | +€5,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,794 | €4,556 | +€2,762 | +154.0% |
| Other operating charges | 640/8 | €2,242 | €1,754 | -€489 | -21.8% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €206,897 | €130,402 | -€76,495 | -37.0% |
| Operating profit (loss) | 9901 | €202,745 | €124,092 | -€78,652 | -38.8% |
| Financial income | 75/76B | €19,238 | €14,048 | -€5,190 | -27.0% |
| Recurring financial income | 75 | €19,238 | €14,048 | -€5,190 | -27.0% |
| Financial charges | 65/66B | €21,146 | €20,521 | -€625 | -3.0% |
| Recurring financial charges | 65 | €21,146 | €20,521 | -€625 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €200,837 | €117,620 | -€83,217 | -41.4% |
| Income taxes | 67/77 | €64,410 | €40,147 | -€24,263 | -37.7% |
| Profit (loss) for the period | 9904 | €136,427 | €77,473 | -€58,954 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,427 | €77,473 | -€58,954 | -43.2% |
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 8 October 2026 via checked.be.