RECOTEC: 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.
RECOTEC
Largest movements
- Tangible fixed assets +€23,517
up €23,517 (+242.8%), from €9,685 to €33,202
of which Furniture and vehicles: +€23,951
- Cash +€7,336
up €7,336 (+13.2%), from €55,780 to €63,116
mainly Net result for the year (+€45,089) and Depreciation (+€10,002)
- Receivables within one year +€6,554
up €6,554 (+30.8%), from €21,311 to €27,865
of which Trade receivables: +€6,554
- Deferred charges and accrued income +€1,421
up €1,421 (+374.8%), from €379 to €1,800
- Reserves +€45,089
up €45,089 (+173.4%), from €26,000 to €71,089
- Current portion of long-term debt -€5,337
down €5,337 (-74.8%), from €7,132 to €1,795
- Debts after one year -€1,795
down €1,795 (-100.0%), from €1,795 to €0
- Depreciation +€2,927
up €2,927 (+41.4%), from €7,075 to €10,002
- Gross operating margin +€1,269
up €1,269 (+1.9%), from €66,253 to €67,522
- Taxes -€1,043
down €1,043 (-8.7%), from €12,038 to €10,996
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 | €87,155 | €125,983 | +€38,829 | +44.6% |
| Fixed assets | 21/28 | €9,685 | €33,202 | +€23,517 | +242.8% |
| Tangible fixed assets | 22/27 | €9,685 | €33,202 | +€23,517 | +242.8% |
| Plant, machinery and equipment | 23 | €1,255 | €821 | -€434 | -34.6% |
| Furniture and vehicles | 24 | €8,429 | €32,381 | +€23,951 | +284.1% |
| Current assets | 29/58 | €77,470 | €92,781 | +€15,311 | +19.8% |
| Amounts receivable within one year | 40/41 | €21,311 | €27,865 | +€6,554 | +30.8% |
| Trade receivables | 40 | €21,311 | €27,865 | +€6,554 | +30.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €55,780 | €63,116 | +€7,336 | +13.2% |
| Deferred charges and accrued income | 490/1 | €379 | €1,800 | +€1,421 | +374.8% |
| Total equity and liabilities | 10/49 | €87,155 | €125,983 | +€38,829 | +44.6% |
| Equity | 10/15 | €74,838 | €119,927 | +€45,089 | +60.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €71,089 | +€45,089 | +173.4% |
| Distributable reserves | 133 | €26,000 | €71,089 | +€45,089 | +173.4% |
| Profit (loss) carried forward | 14 | €45,838 | €45,838 | = | 0.0% |
| Amounts payable | 17/49 | €12,317 | €6,056 | -€6,260 | -50.8% |
| Amounts payable after more than one year | 17 | €1,795 | €0 | -€1,795 | -100.0% |
| Financial debts | 170/4 | €1,795 | €0 | -€1,795 | -100.0% |
| Amounts payable within one year | 42/48 | €10,521 | €6,056 | -€4,465 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €7,132 | €1,795 | -€5,337 | -74.8% |
| Trade debts | 44 | €141 | €501 | +€361 | +256.5% |
| Suppliers | 440/4 | €141 | €501 | +€361 | +256.5% |
| Taxes, remuneration and social security | 45 | €2,724 | €3,079 | +€356 | +13.1% |
| Taxes | 450/3 | €2,724 | €3,079 | +€356 | +13.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €525 | €681 | +€156 | +29.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,075 | €10,002 | +€2,927 | +41.4% |
| Other operating charges | 640/8 | €873 | €1,058 | +€185 | +21.2% |
| Gross operating margin | 9900 | €66,253 | €67,522 | +€1,269 | +1.9% |
| Operating profit (loss) | 9901 | €58,305 | €56,463 | -€1,842 | -3.2% |
| Financial income | 75/76B | €5 | €5 | -€0 | -5.8% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -5.8% |
| Financial charges | 65/66B | €434 | €383 | -€51 | -11.8% |
| Recurring financial charges | 65 | €434 | €383 | -€51 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €57,876 | €56,085 | -€1,791 | -3.1% |
| Income taxes | 67/77 | €12,038 | €10,996 | -€1,043 | -8.7% |
| Profit (loss) for the period | 9904 | €45,838 | €45,089 | -€749 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,838 | €45,089 | -€749 | -1.6% |
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 11 October 2026 via checked.be.