RECOTRI: 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.
RECOTRI
Largest movements
- Tangible fixed assets -€189,883
down €189,883 (-18.5%), from €1.0m to €838,737
of which Plant, machinery and equipment: -€160,027
- Cash +€24,358
up €24,358 (+77.2%), from €31,534 to €55,892
mainly Depreciation (+€193,538) and Net result for the year (+€54,088)
- Debts after one year -€198,000
down €198,000 (-59.3%), from €333,667 to €135,667
- Other debts -€55,000
down €55,000 (-11.5%), from €479,809 to €424,809
- Profit (loss) carried forward +€54,088
up €54,088 (+29.2%), from €185,504 to €239,592
- Tax, wage and social debts +€45,306
up €45,306 (+70.2%), from €64,560 to €109,866
of which Taxes: +€45,728
- Gross operating margin +€71,548
up €71,548 (+12.3%), from €579,840 to €651,388
- Staff costs +€19,023
up €19,023 (+5.5%), from €346,530 to €365,552
- Taxes +€11,000
new in 2025: €11,000
- Other operating charges -€8,974
down €8,974 (-31.5%), from €28,460 to €19,486
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 | €1,441,382 | €1,273,879 | -€167,503 | -11.6% |
| Fixed assets | 21/28 | €1,028,621 | €838,737 | -€189,883 | -18.5% |
| Tangible fixed assets | 22/27 | €1,028,621 | €838,737 | -€189,883 | -18.5% |
| Land and buildings | 22 | €627,209 | €597,877 | -€29,332 | -4.7% |
| Plant, machinery and equipment | 23 | €400,145 | €240,117 | -€160,027 | -40.0% |
| Furniture and vehicles | 24 | €1,266 | €742 | -€524 | -41.4% |
| Current assets | 29/58 | €412,762 | €435,142 | +€22,380 | +5.4% |
| Amounts receivable within one year | 40/41 | €367,249 | €366,264 | -€985 | -0.3% |
| Trade receivables | 40 | €262,289 | €261,304 | -€985 | -0.4% |
| Other amounts receivable | 41 | €104,960 | €104,960 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,534 | €55,892 | +€24,358 | +77.2% |
| Deferred charges and accrued income | 490/1 | €13,978 | €12,985 | -€993 | -7.1% |
| Total equity and liabilities | 10/49 | €1,441,382 | €1,273,879 | -€167,503 | -11.6% |
| Equity | 10/15 | €300,746 | €352,665 | +€51,919 | +17.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,504 | €239,592 | +€54,088 | +29.2% |
| Investment grants | 15 | €5,242 | €3,073 | -€2,169 | -41.4% |
| Amounts payable | 17/49 | €1,140,637 | €921,215 | -€219,422 | -19.2% |
| Amounts payable after more than one year | 17 | €333,667 | €135,667 | -€198,000 | -59.3% |
| Financial debts | 170/4 | €333,667 | €135,667 | -€198,000 | -59.3% |
| Amounts payable within one year | 42/48 | €789,056 | €777,194 | -€11,862 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €198,000 | €198,000 | = | 0.0% |
| Trade debts | 44 | €46,686 | €44,519 | -€2,167 | -4.6% |
| Suppliers | 440/4 | €46,686 | €44,519 | -€2,167 | -4.6% |
| Taxes, remuneration and social security | 45 | €64,560 | €109,866 | +€45,306 | +70.2% |
| Taxes | 450/3 | €25,693 | €71,421 | +€45,728 | +178.0% |
| Remuneration and social security | 454/9 | €38,867 | €38,445 | -€422 | -1.1% |
| Other amounts payable | 47/48 | €479,809 | €424,809 | -€55,000 | -11.5% |
| Accrued charges and deferred income | 492/3 | €17,914 | €8,354 | -€9,560 | -53.4% |
| Remuneration, social security and pensions | 62 | €346,530 | €365,552 | +€19,023 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,004 | €193,538 | +€535 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €972 | +€972 | |
| Other operating charges | 640/8 | €28,460 | €19,486 | -€8,974 | -31.5% |
| Gross operating margin | 9900 | €579,840 | €651,388 | +€71,548 | +12.3% |
| Operating profit (loss) | 9901 | €11,847 | €71,839 | +€59,992 | +506.4% |
| Financial income | 75/76B | €4,773 | €9,279 | +€4,505 | +94.4% |
| Recurring financial income | 75 | €4,773 | €9,279 | +€4,505 | +94.4% |
| Financial charges | 65/66B | €20,618 | €16,030 | -€4,588 | -22.3% |
| Recurring financial charges | 65 | €20,618 | €16,030 | -€4,588 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,998 | €65,088 | +€69,086 | |
| Income taxes | 67/77 | - | €11,000 | +€11,000 | |
| Profit (loss) for the period | 9904 | -€3,998 | €54,088 | +€58,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,998 | €54,088 | +€58,086 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.