RECOMAR: 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.
RECOMAR
Largest movements
- Receivables within one year -€92,440
down €92,440 (-98.0%), from €94,284 to €1,844
of which Other amounts receivable: -€92,930
- Stocks and contracts -€88,092
down €88,092 (-100%), from €88,092 to €0
- Tangible fixed assets -€11,988
down €11,988 (-100%), from €11,988 to €0
of which Plant, machinery and equipment: -€9,523
- Financial fixed assets -€10,286
down €10,286 (-100%), from €10,286 to €0
- Cash +€9,516
up €9,516 (+34.5%), from €27,594 to €37,110
mainly Receivables within one year (+€92,440) and Stocks and contracts (+€88,092)
- Other debts -€179,676
down €179,676 (-94.8%), from €189,539 to €9,863
- Tax, wage and social debts -€16,266
down €16,266 (-98.9%), from €16,439 to €173
of which Remuneration and social security: -€16,266
- Trade debts -€3,406
down €3,406 (-32.6%), from €10,457 to €7,051
- Gross operating margin +€70,907
up €70,907 (+445%), from €15,923 to €86,830
- Staff costs -€59,118
down €59,118 (-46.6%), from €126,809 to €67,690
- Write-downs -€22,548
down €22,548 (-100%), from €22,548 to €0
- Financial charges -€11,386
down €11,386 (-69.7%), from €16,329 to €4,944
- Financial income -€8,656
down €8,656 (-98.8%), from €8,758 to €101
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 | €236,920 | €38,977 | -€197,943 | -83.5% |
| Fixed assets | 21/28 | €22,274 | €0 | -€22,274 | -100% |
| Tangible fixed assets | 22/27 | €11,988 | €0 | -€11,988 | -100% |
| Plant, machinery and equipment | 23 | €9,523 | €0 | -€9,523 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,465 | €0 | -€2,465 | -100% |
| Financial fixed assets | 28 | €10,286 | €0 | -€10,286 | -100% |
| Current assets | 29/58 | €214,645 | €38,977 | -€175,669 | -81.8% |
| Stocks and contracts in progress | 3 | €88,092 | €0 | -€88,092 | -100% |
| Stocks | 30/36 | €88,092 | €0 | -€88,092 | -100% |
| Amounts receivable within one year | 40/41 | €94,284 | €1,844 | -€92,440 | -98.0% |
| Trade receivables | 40 | €0 | €490 | +€490 | |
| Other amounts receivable | 41 | €94,284 | €1,355 | -€92,930 | -98.6% |
| Cash at bank and in hand | 54/58 | €27,594 | €37,110 | +€9,516 | +34.5% |
| Deferred charges and accrued income | 490/1 | €4,675 | €22 | -€4,653 | -99.5% |
| Total equity and liabilities | 10/49 | €236,920 | €38,977 | -€197,943 | -83.5% |
| Equity | 10/15 | €20,485 | €21,890 | +€1,405 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,457 | €31,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €31,457 | €31,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,572 | -€28,167 | +€1,405 | +4.8% |
| Amounts payable | 17/49 | €216,435 | €17,086 | -€199,349 | -92.1% |
| Amounts payable within one year | 42/48 | €216,435 | €17,086 | -€199,349 | -92.1% |
| Trade debts | 44 | €10,457 | €7,051 | -€3,406 | -32.6% |
| Suppliers | 440/4 | €10,457 | €7,051 | -€3,406 | -32.6% |
| Taxes, remuneration and social security | 45 | €16,439 | €173 | -€16,266 | -98.9% |
| Taxes | 450/3 | €173 | €173 | = | 0.0% |
| Remuneration and social security | 454/9 | €16,266 | €0 | -€16,266 | -100% |
| Other amounts payable | 47/48 | €189,539 | €9,863 | -€179,676 | -94.8% |
| Non-recurring operating income | 76A | - | €70,000 | +€70,000 | |
| Remuneration, social security and pensions | 62 | €126,809 | €67,690 | -€59,118 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,202 | €0 | -€3,202 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,548 | €0 | -€22,548 | -100% |
| Other operating charges | 640/8 | €5,006 | €904 | -€4,102 | -81.9% |
| Non-recurring operating charges | 66A | €21,494 | €11,988 | -€9,506 | -44.2% |
| Gross operating margin | 9900 | €15,923 | €86,830 | +€70,907 | +445% |
| Operating profit (loss) | 9901 | -€163,136 | €6,248 | +€169,384 | |
| Financial income | 75/76B | €8,758 | €101 | -€8,656 | -98.8% |
| Recurring financial income | 75 | €8,758 | €101 | -€8,656 | -98.8% |
| Financial charges | 65/66B | €16,329 | €4,944 | -€11,386 | -69.7% |
| Recurring financial charges | 65 | €16,329 | €4,944 | -€11,386 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | -€170,708 | €1,405 | +€172,113 | |
| Profit (loss) for the period | 9904 | -€170,708 | €1,405 | +€172,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€170,708 | €1,405 | +€172,113 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.