RECOMATICS: 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.
What changed
RECOMATICS
NACE 58.290, Other software publishing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,445
2024 · €203,434-€208,879
Equity
€1.4m
2024 · €1.4m-€5,445
Cash
€3.1m
2024 · €1.6m+€1.5m
Balance sheet total
€7.1m
2024 · €4.7m+€2.4m
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+93.1%), from €1.6m to €3.1m
mainly Trade debts (+€1.9m) and Depreciation (+€545,841)
- Receivables within one year +€795,818
up €795,818 (+118%), from €671,876 to €1.5m
of which Trade receivables: +€844,857
- Intangible fixed assets +€203,117
up €203,117 (+13.7%), from €1.5m to €1.7m
Equity and liabilities
- Trade debts +€1.9m
up €1.9m (+184%), from €1.0m to €2.9m
- Accrued charges and deferred income +€260,930
up €260,930 (+34.2%), from €762,823 to €1.0m
- Other debts +€198,139
up €198,139 (+15.0%), from €1.3m to €1.5m
Income statement
- Staff costs -€221,811
down €221,811 (-11.9%), from €1.9m to €1.6m
- Write-downs +€216,007
up €216,007, from -€216,007 to €0
- Gross operating margin -€153,695
down €153,695 (-6.2%), from €2.5m to €2.3m
- Financial charges -€38,639
down €38,639 (-34.7%), from €111,313 to €72,674
- Financial income -€33,235
down €33,235 (-38.9%), from €85,438 to €52,203
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.
Result 2024
€203,434
Gross operating margin
-€153,695
Staff costs
+€221,811
Depreciation
+€18,156
Write-downs
-€216,007
Provisions
-€1,260
Other operating charges
+€32,329
Other operating items
-€113,603
Financial income
-€33,235
Financial charges
+€38,639
Taxes
-€2,014
Result 2025
-€5,445
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€680,712
Financing
-€0
Cash 2024
€1.6m
From operations (derived)
+€2.2m
Net result for the year
-€5,445
Depreciation
+€545,841
Receivables within one year
-€795,818
Deferred charges and accrued income
+€37,000
Trade debts
+€1.9m
Tax, wage and social debts
+€33,322
Other debts
+€198,139
Accrued charges and deferred income
+€260,930
Investment (derived)
-€680,712
Investment in fixed assets (net)
-€680,712
Current investments
+€0
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,715,276 | €7,108,170 | +€2.4m | +50.7% |
| Fixed assets | 21/28 | €1,711,902 | €1,846,774 | +€134,872 | +7.9% |
| Intangible fixed assets | 21 | €1,478,821 | €1,681,938 | +€203,117 | +13.7% |
| Tangible fixed assets | 22/27 | €233,081 | €164,836 | -€68,245 | -29.3% |
| Plant, machinery and equipment | 23 | €107,904 | €32,751 | -€75,153 | -69.6% |
| Furniture and vehicles | 24 | €118,066 | €132,085 | +€14,019 | +11.9% |
| Other tangible fixed assets | 26 | €7,111 | €0 | -€7,111 | -100% |
| Current assets | 29/58 | €3,003,374 | €5,261,396 | +€2.3m | +75.2% |
| Amounts receivable within one year | 40/41 | €671,876 | €1,467,694 | +€795,818 | +118% |
| Trade receivables | 40 | €538,819 | €1,383,676 | +€844,857 | +157% |
| Other amounts receivable | 41 | €133,057 | €84,019 | -€49,038 | -36.9% |
| Current investments | 50/53 | €680,017 | €680,017 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,609,605 | €3,108,809 | +€1.5m | +93.1% |
| Deferred charges and accrued income | 490/1 | €41,876 | €4,876 | -€37,000 | -88.4% |
| Total equity and liabilities | 10/49 | €4,715,276 | €7,108,170 | +€2.4m | +50.7% |
| Equity | 10/15 | €1,365,728 | €1,360,283 | -€5,445 | -0.4% |
| 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 | €1,100,294 | €1,100,293 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €686,217 | €686,217 | -€0 | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €680,017 | €680,017 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €9,316 | €9,316 | -€0 | 0.0% |
| Distributable reserves | 133 | €404,761 | €404,761 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €203,434 | €197,989 | -€5,445 | -2.7% |
| Amounts payable | 17/49 | €3,349,548 | €5,747,887 | +€2.4m | +71.6% |
| Amounts payable within one year | 42/48 | €2,586,725 | €4,724,134 | +€2.1m | +82.6% |
| Trade debts | 44 | €1,033,891 | €2,939,840 | +€1.9m | +184% |
| Suppliers | 440/4 | €1,033,891 | €2,939,840 | +€1.9m | +184% |
| Taxes, remuneration and social security | 45 | €236,076 | €269,398 | +€33,322 | +14.1% |
| Taxes | 450/3 | - | €2,831 | +€2,831 | |
| Remuneration and social security | 454/9 | €236,076 | €266,566 | +€30,490 | +12.9% |
| Other amounts payable | 47/48 | €1,316,758 | €1,514,897 | +€198,139 | +15.0% |
| Accrued charges and deferred income | 492/3 | €762,823 | €1,023,753 | +€260,930 | +34.2% |
| Non-recurring operating income | 76A | €1,750 | €8,446 | +€6,696 | +383% |
| Remuneration, social security and pensions | 62 | €1,858,895 | €1,637,084 | -€221,811 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563,997 | €545,841 | -€18,156 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€216,007 | €0 | +€216,007 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,260 | +€1,260 | |
| Other operating charges | 640/8 | €45,714 | €13,385 | -€32,329 | -70.7% |
| Non-recurring operating charges | 66A | €3,969 | €117,572 | +€113,603 | +2,862% |
| Gross operating margin | 9900 | €2,486,690 | €2,332,995 | -€153,695 | -6.2% |
| Operating profit (loss) | 9901 | €230,122 | €17,853 | -€212,269 | -92.2% |
| Financial income | 75/76B | €85,438 | €52,203 | -€33,235 | -38.9% |
| Recurring financial income | 75 | €85,438 | €52,203 | -€33,235 | -38.9% |
| Financial charges | 65/66B | €111,313 | €72,674 | -€38,639 | -34.7% |
| Recurring financial charges | 65 | €111,313 | €72,674 | -€38,639 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €204,247 | -€2,618 | -€206,865 | |
| Income taxes | 67/77 | €813 | €2,827 | +€2,014 | +248% |
| Profit (loss) for the period | 9904 | €203,434 | -€5,445 | -€208,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €203,434 | -€5,445 | -€208,879 |
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 13 October 2026 via checked.be.