ReCoVa Br: what changed
Two fiscal 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.
ReCoVa Br
Largest movements
- Cash +€9,871
up €9,871 (+522.4%), from €1,890 to €11,760
mainly Depreciation (+€16,623) and Net result for the year (+€15,216)
- Receivables within one year -€8,392
down €8,392 (-60.5%), from €13,865 to €5,473
of which Trade receivables: -€6,246
- Tangible fixed assets +€5,485
up €5,485 (+1.2%), from €443,695 to €449,180
of which Land and buildings: +€5,815
- Profit (loss) carried forward +€15,216
up €15,216 (+37.2%), from -€40,852 to -€25,635
- Debts after one year -€14,228
down €14,228 (-4.9%), from €287,582 to €273,354
- Other debts +€10,201
up €10,201 (+6.5%), from €156,300 to €166,501
- Accrued charges and deferred income -€5,162
no longer reported in 2025 (was €5,162)
- Gross operating margin +€42,735
up €42,735 (+1080.7%), from €3,955 to €46,690
- Depreciation +€1,493
up €1,493 (+9.9%), from €15,130 to €16,623
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 | €461,138 | €467,531 | +€6,393 | +1.4% |
| Formation expenses | 20 | €1,472 | €944 | -€527 | -35.8% |
| Fixed assets | 21/28 | €443,695 | €449,180 | +€5,485 | +1.2% |
| Tangible fixed assets | 22/27 | €443,695 | €449,180 | +€5,485 | +1.2% |
| Land and buildings | 22 | €434,028 | €439,843 | +€5,815 | +1.3% |
| Plant, machinery and equipment | 23 | €9,017 | €9,337 | +€320 | +3.5% |
| Furniture and vehicles | 24 | €650 | - | -€650 | |
| Current assets | 29/58 | €15,972 | €17,407 | +€1,435 | +9.0% |
| Amounts receivable within one year | 40/41 | €13,865 | €5,473 | -€8,392 | -60.5% |
| Trade receivables | 40 | €9,965 | €3,719 | -€6,246 | -62.7% |
| Other amounts receivable | 41 | €3,900 | €1,754 | -€2,146 | -55.0% |
| Cash at bank and in hand | 54/58 | €1,890 | €11,760 | +€9,871 | +522.4% |
| Deferred charges and accrued income | 490/1 | €218 | €174 | -€44 | -20.4% |
| Total equity and liabilities | 10/49 | €461,138 | €467,531 | +€6,393 | +1.4% |
| Equity | 10/15 | -€3,566 | €11,650 | +€15,216 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €31,285 | €31,285 | = | 0.0% |
| Distributable reserves | 133 | €31,285 | €31,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,852 | -€25,635 | +€15,216 | +37.2% |
| Amounts payable | 17/49 | €464,705 | €455,881 | -€8,824 | -1.9% |
| Amounts payable after more than one year | 17 | €287,582 | €273,354 | -€14,228 | -4.9% |
| Financial debts | 170/4 | €287,582 | €273,354 | -€14,228 | -4.9% |
| Amounts payable within one year | 42/48 | €171,961 | €182,527 | +€10,567 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €13,763 | €14,228 | +€465 | +3.4% |
| Trade debts | 44 | €1,897 | €1,798 | -€99 | -5.2% |
| Suppliers | 440/4 | €1,897 | €1,798 | -€99 | -5.2% |
| Other amounts payable | 47/48 | €156,300 | €166,501 | +€10,201 | +6.5% |
| Accrued charges and deferred income | 492/3 | €5,162 | - | -€5,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,130 | €16,623 | +€1,493 | +9.9% |
| Other operating charges | 640/8 | €1,286 | €1,741 | +€456 | +35.4% |
| Non-recurring operating charges | 66A | €264 | €527 | +€264 | +100.0% |
| Gross operating margin | 9900 | €3,955 | €46,690 | +€42,735 | +1080.7% |
| Operating profit (loss) | 9901 | -€12,725 | €27,798 | +€40,523 | |
| Financial income | 75/76B | €73 | €0 | -€73 | -99.7% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -99.7% |
| Financial charges | 65/66B | €13,048 | €12,582 | -€466 | -3.6% |
| Recurring financial charges | 65 | €11,319 | €12,582 | +€1,264 | +11.2% |
| Non-recurring financial charges | 66B | €1,730 | - | -€1,730 | |
| Profit (loss) for the period before taxes | 9903 | -€25,700 | €15,216 | +€40,916 | |
| Income taxes | 67/77 | -€314 | - | +€314 | |
| Profit (loss) for the period | 9904 | -€25,386 | €15,216 | +€40,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,386 | €15,216 | +€40,603 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.