Recovent: what changed
Recovent
Largest movements
- Receivables within one year +€12,677
up €12,677 (+19.7%), from €64,229 to €76,905
of which Trade receivables: +€8,884
- Stocks and contracts +€12,135
up €12,135 (+131%), from €9,265 to €21,400
of which Contracts in progress: +€10,000
- Cash -€9,013
down €9,013 (-100%), from €9,013 to €0
mainly Receivables within one year (-€12,677) and Stocks and contracts (-€12,135)
- Tangible fixed assets -€4,139
down €4,139 (-33.7%), from €12,285 to €8,146
of which Plant, machinery and equipment: -€2,424
- Short-term financial debts +€9,478
new in 2025: €9,478
- Trade debts +€2,827
up €2,827 (+33.9%), from €8,343 to €11,170
- Gross operating margin -€6,770
down €6,770 (-53.3%), from €12,692 to €5,922
- Taxes -€4,886
down €4,886 (-86.1%), from €5,673 to €787
- Staff costs -€2,024
no longer reported in 2025 (was €2,024)
- Other operating charges -€1,255
down €1,255 (-66.4%), from €1,890 to €635
- Depreciation -€811
down €811 (-16.4%), from €4,950 to €4,139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,792 | €106,452 | +€11,660 | +12.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,285 | €8,146 | -€4,139 | -33.7% |
| Tangible fixed assets | 22/27 | €12,285 | €8,146 | -€4,139 | -33.7% |
| Plant, machinery and equipment | 23 | €8,813 | €6,389 | -€2,424 | -27.5% |
| Furniture and vehicles | 24 | €3,472 | €1,757 | -€1,715 | -49.4% |
| Current assets | 29/58 | €82,507 | €98,305 | +€15,799 | +19.1% |
| Stocks and contracts in progress | 3 | €9,265 | €21,400 | +€12,135 | +131% |
| Stocks | 30/36 | €1,765 | €3,900 | +€2,135 | +121% |
| Contracts in progress | 37 | €7,500 | €17,500 | +€10,000 | +133% |
| Amounts receivable within one year | 40/41 | €64,229 | €76,905 | +€12,677 | +19.7% |
| Trade receivables | 40 | €33,723 | €42,607 | +€8,884 | +26.3% |
| Other amounts receivable | 41 | €30,506 | €34,298 | +€3,792 | +12.4% |
| Cash at bank and in hand | 54/58 | €9,013 | €0 | -€9,013 | -100% |
| Total equity and liabilities | 10/49 | €94,792 | €106,452 | +€11,660 | +12.3% |
| Equity | 10/15 | €84,386 | €83,803 | -€583 | -0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,846 | €38,846 | = | 0.0% |
| Distributable reserves | 133 | €38,846 | €38,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,540 | €24,957 | -€583 | -2.3% |
| Amounts payable | 17/49 | €10,406 | €22,649 | +€12,243 | +118% |
| Amounts payable within one year | 42/48 | €8,406 | €20,649 | +€12,243 | +146% |
| Financial debts | 43 | - | €9,478 | +€9,478 | |
| Credit institutions | 430/8 | - | €9,478 | +€9,478 | |
| Trade debts | 44 | €8,343 | €11,170 | +€2,827 | +33.9% |
| Suppliers | 440/4 | €8,343 | €11,170 | +€2,827 | +33.9% |
| Taxes, remuneration and social security | 45 | €63 | - | -€63 | |
| Remuneration and social security | 454/9 | €63 | - | -€63 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,024 | - | -€2,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,950 | €4,139 | -€811 | -16.4% |
| Other operating charges | 640/8 | €1,890 | €635 | -€1,255 | -66.4% |
| Gross operating margin | 9900 | €12,692 | €5,922 | -€6,770 | -53.3% |
| Operating profit (loss) | 9901 | €3,828 | €1,148 | -€2,680 | -70.0% |
| Financial charges | 65/66B | €762 | €944 | +€182 | +23.8% |
| Recurring financial charges | 65 | €691 | €944 | +€252 | +36.5% |
| Non-recurring financial charges | 66B | €71 | - | -€71 | |
| Profit (loss) for the period before taxes | 9903 | €3,066 | €204 | -€2,861 | -93.3% |
| Income taxes | 67/77 | €5,673 | €787 | -€4,886 | -86.1% |
| Profit (loss) for the period | 9904 | -€2,608 | -€583 | +€2,025 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,608 | -€583 | +€2,025 | +77.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.