RECON: 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.
RECON
Largest movements
- Receivables within one year +€49,772
up €49,772 (+28.0%), from €178,040 to €227,812
of which Other amounts receivable: +€48,834
- Cash +€3,670
new in 2024: €3,670
mainly Net result for the year (+€43,132) and Trade debts (+€8,853)
- Profit (loss) carried forward +€43,132
up €43,132 (+3427.0%), from €1,259 to €44,391
- Trade debts +€8,853
up €8,853 (+120.8%), from €7,327 to €16,180
- Tax, wage and social debts +€4,576
up €4,576 (+38.0%), from €12,036 to €16,612
- Current portion of long-term debt -€2,483
down €2,483 (-85.5%), from €2,904 to €421
- Depreciation -€6,691
down €6,691 (-95.3%), from €7,020 to €329
- Gross operating margin +€5,625
up €5,625 (+12.6%), from €44,739 to €50,364
- Financial income +€4,166
up €4,166 (+52.6%), from €7,918 to €12,085
- Other operating charges +€572
up €572 (+17.4%), from €3,297 to €3,869
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 | €178,502 | €232,593 | +€54,090 | +30.3% |
| Fixed assets | 21/28 | €249 | €907 | +€658 | +264.2% |
| Tangible fixed assets | 22/27 | - | €658 | +€658 | |
| Plant, machinery and equipment | 23 | - | €658 | +€658 | |
| Financial fixed assets | 28 | €249 | €249 | = | 0.0% |
| Current assets | 29/58 | €178,253 | €231,685 | +€53,432 | +30.0% |
| Amounts receivable within one year | 40/41 | €178,040 | €227,812 | +€49,772 | +28.0% |
| Trade receivables | 40 | €8,577 | €9,515 | +€939 | +10.9% |
| Other amounts receivable | 41 | €169,463 | €218,296 | +€48,834 | +28.8% |
| Cash at bank and in hand | 54/58 | - | €3,670 | +€3,670 | |
| Deferred charges and accrued income | 490/1 | €213 | €203 | -€10 | -4.9% |
| Total equity and liabilities | 10/49 | €178,502 | €232,593 | +€54,090 | +30.3% |
| Equity | 10/15 | €155,345 | €198,478 | +€43,132 | +27.8% |
| Contributions | 10/11 | €7,933 | €7,933 | = | 0.0% |
| Reserves | 13 | €146,154 | €146,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,853 | €13,853 | = | 0.0% |
| Distributable reserves | 133 | €130,442 | €130,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,259 | €44,391 | +€43,132 | +3427.0% |
| Amounts payable | 17/49 | €23,157 | €34,115 | +€10,958 | +47.3% |
| Amounts payable within one year | 42/48 | €23,157 | €34,115 | +€10,958 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €2,904 | €421 | -€2,483 | -85.5% |
| Financial debts | 43 | €891 | - | -€891 | |
| Credit institutions | 430/8 | €891 | - | -€891 | |
| Trade debts | 44 | €7,327 | €16,180 | +€8,853 | +120.8% |
| Suppliers | 440/4 | €7,327 | €16,180 | +€8,853 | +120.8% |
| Taxes, remuneration and social security | 45 | €12,036 | €16,612 | +€4,576 | +38.0% |
| Taxes | 450/3 | €12,036 | €16,612 | +€4,576 | +38.0% |
| Other amounts payable | 47/48 | - | €902 | +€902 | |
| Non-recurring operating income | 76A | - | €2,144 | +€2,144 | |
| Remuneration, social security and pensions | 62 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,020 | €329 | -€6,691 | -95.3% |
| Other operating charges | 640/8 | €3,297 | €3,869 | +€572 | +17.4% |
| Gross operating margin | 9900 | €44,739 | €50,364 | +€5,625 | +12.6% |
| Operating profit (loss) | 9901 | €34,422 | €46,161 | +€11,739 | +34.1% |
| Financial income | 75/76B | €7,918 | €12,085 | +€4,166 | +52.6% |
| Recurring financial income | 75 | €7,918 | €12,085 | +€4,166 | +52.6% |
| Financial charges | 65/66B | €567 | €219 | -€349 | -61.4% |
| Recurring financial charges | 65 | €567 | €219 | -€349 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €41,773 | €58,027 | +€16,254 | +38.9% |
| Income taxes | 67/77 | €14,536 | €14,895 | +€358 | +2.5% |
| Profit (loss) for the period | 9904 | €27,237 | €43,132 | +€15,895 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,237 | €43,132 | +€15,895 | +58.4% |
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 10 October 2026 via checked.be.