RECOMAX: 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.
RECOMAX
Largest movements
- Receivables after one year -€918,000
no longer reported in 2024 (was €918,000)
- Receivables within one year +€341,220
up €341,220 (+69.8%), from €488,624 to €829,844
of which Other amounts receivable: +€341,220
- Cash -€289,802
down €289,802 (-70.6%), from €410,246 to €120,444
mainly Other debts (-€437,607) and Receivables within one year (-€341,220)
- Deferred charges and accrued income +€81,370
up €81,370 (+95605.7%), from €85 to €81,455
- Other debts -€437,607
down €437,607 (-39.2%), from €1.1m to €678,932
- Accrued charges and deferred income -€302,809
down €302,809 (-12.5%), from €2.4m to €2.1m
- Profit (loss) carried forward -€54,209
down €54,209 (-0.9%), from -€6.1m to -€6.2m
- Financial income +€118,037
up €118,037 (+222249.9%), from €53 to €118,090
- Gross operating margin -€10,583
down €10,583 (-35.3%), from -€29,988 to -€40,571
- Purchases and services +€3,741
up €3,741 (+10.2%), from €36,830 to €40,571
- Financial charges -€2,940
down €2,940 (-2.2%), from €133,701 to €130,761
- Turnover -€1,842
no longer reported in 2024 (was €1,842)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,816,955 | €1,031,743 | -€785,212 | -43.2% |
| Current assets | 29/58 | €1,816,955 | €1,031,743 | -€785,212 | -43.2% |
| Amounts receivable after more than one year | 29 | €918,000 | - | -€918,000 | |
| Trade receivables | 290 | €918,000 | - | -€918,000 | |
| Amounts receivable within one year | 40/41 | €488,624 | €829,844 | +€341,220 | +69.8% |
| Trade receivables | 40 | €26,624 | €26,624 | = | 0.0% |
| Other amounts receivable | 41 | €462,000 | €803,220 | +€341,220 | +73.9% |
| Cash at bank and in hand | 54/58 | €410,246 | €120,444 | -€289,802 | -70.6% |
| Deferred charges and accrued income | 490/1 | €85 | €81,455 | +€81,370 | +95605.7% |
| Total equity and liabilities | 10/49 | €1,816,955 | €1,031,743 | -€785,212 | -43.2% |
| Equity | 10/15 | -€5,971,605 | -€6,025,814 | -€54,209 | -0.9% |
| Contributions | 10/11 | €148,180 | €148,180 | = | 0.0% |
| Capital | 10 | €148,180 | €148,180 | = | 0.0% |
| Issued capital | 100 | €148,180 | €148,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,119,785 | -€6,173,994 | -€54,209 | -0.9% |
| Amounts payable | 17/49 | €7,788,560 | €7,057,557 | -€731,003 | -9.4% |
| Amounts payable after more than one year | 17 | €4,167,393 | €4,167,393 | = | 0.0% |
| Other amounts payable | 178/9 | €4,167,393 | €4,167,393 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,192,060 | €763,866 | -€428,194 | -35.9% |
| Trade debts | 44 | €75,521 | €84,934 | +€9,413 | +12.5% |
| Suppliers | 440/4 | €75,521 | €84,934 | +€9,413 | +12.5% |
| Other amounts payable | 47/48 | €1,116,539 | €678,932 | -€437,607 | -39.2% |
| Accrued charges and deferred income | 492/3 | €2,429,106 | €2,126,297 | -€302,809 | -12.5% |
| Turnover | 70 | €1,842 | - | -€1,842 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,830 | €40,571 | +€3,741 | +10.2% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€29,988 | -€40,571 | -€10,583 | -35.3% |
| Operating profit (loss) | 9901 | -€30,948 | -€41,538 | -€10,590 | -34.2% |
| Financial income | 75/76B | €53 | €118,090 | +€118,037 | +222249.9% |
| Recurring financial income | 75 | €53 | €118,090 | +€118,037 | +222249.9% |
| Financial charges | 65/66B | €133,701 | €130,761 | -€2,940 | -2.2% |
| Recurring financial charges | 65 | €133,701 | €130,761 | -€2,940 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€164,596 | -€54,209 | +€110,387 | +67.1% |
| Profit (loss) for the period | 9904 | -€164,596 | -€54,209 | +€110,387 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,596 | -€54,209 | +€110,387 | +67.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.