ReCrewtment: what changed
What changed
ReCrewtment
NACE 78.200, Temporary employment agencies and other provision of personnel
filed annual accounts (NBB)
Net result for the year
-€127,253
2024 · €687,630-€814,883
Equity
€2.4m
2024 · €2.5m-€127,253
Cash
€843,676
2024 · €707,251+€136,425
Balance sheet total
€9.2m
2024 · €8.8m+€374,747
Largest movements
Assets
- Receivables within one year +€790,177
up €790,177 (+12.6%), from €6.3m to €7.0m
of which Trade receivables: +€802,247
- Financial fixed assets -€413,000
down €413,000 (-50.6%), from €816,350 to €403,350
of which Affiliated companies: -€413,000
- Tangible fixed assets -€190,917
down €190,917 (-36.7%), from €520,728 to €329,811
of which Leasing and similar rights: -€129,355
- Cash +€136,425
up €136,425 (+19.3%), from €707,251 to €843,676
mainly Tax, wage and social debts (+€993,424) and Investment in fixed assets (net) (+€341,163)
Equity and liabilities
- Tax, wage and social debts +€993,424
up €993,424 (+23.5%), from €4.2m to €5.2m
of which Remuneration and social security: +€828,680
- Other debts -€346,765
down €346,765 (-81.9%), from €423,370 to €76,605
- Profit (loss) carried forward -€127,253
down €127,253 (-5.2%), from €2.4m to €2.3m
Income statement
- Staff costs +€2.1m
up €2.1m (+5.0%), from €41.1m to €43.2m
- Turnover +€2.0m
up €2.0m (+4.5%), from €44.2m to €46.2m
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.
Result 2024
€687,630
Turnover
+€2.0m
Other operating income
-€239,272
Goods and materials
-€4,472
Services and other goods
-€288,364
Staff costs
-€2.1m
Depreciation
+€23,281
Write-downs
+€17,596
Other operating charges
-€235
Financial income
-€3,200
Financial charges
-€399,172
Taxes
+€169,494
Result 2025
-€127,253
raises the resultlowers the result
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.
From operations
-€70,048
Investment
+€340,920
Financing
-€134,447
Cash 2024
€707,251
From operations (derived)
-€70,048
Net result for the year
-€127,253
Depreciation
+€245,424
Receivables within one year
-€790,177
Deferred charges and accrued income
-€34,490
Trade debts
-€13,819
Tax, wage and social debts
+€993,424
Other debts
-€346,765
Accrued charges and deferred income
+€3,607
Investment (derived)
+€340,920
Investment in fixed assets (net)
+€341,163
Current investments
-€243
Financing
-€134,447
Debts after one year
-€89,195
Current portion of long-term debt
-€43,181
Short-term financial debts
-€2,071
Cash 2025
€843,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,806,164 | €9,180,911 | +€374,747 | +4.3% |
| Fixed assets | 21/28 | €1,373,689 | €787,101 | -€586,588 | -42.7% |
| Intangible fixed assets | 21 | €36,611 | €53,941 | +€17,330 | +47.3% |
| Tangible fixed assets | 22/27 | €520,728 | €329,811 | -€190,917 | -36.7% |
| Furniture and vehicles | 24 | €98,664 | €70,004 | -€28,661 | -29.0% |
| Leasing and similar rights | 25 | €316,385 | €187,030 | -€129,355 | -40.9% |
| Other tangible fixed assets | 26 | €105,679 | €72,777 | -€32,902 | -31.1% |
| Financial fixed assets | 28 | €816,350 | €403,350 | -€413,000 | -50.6% |
| Affiliated companies | 280/1 | €813,000 | €400,000 | -€413,000 | -50.8% |
| Participating interests | 280 | €813,000 | €400,000 | -€413,000 | -50.8% |
| Other financial fixed assets | 284/8 | €3,350 | €3,350 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €7,432,475 | €8,393,810 | +€961,335 | +12.9% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,255,671 | €7,045,847 | +€790,177 | +12.6% |
| Trade receivables | 40 | €6,243,601 | €7,045,847 | +€802,247 | +12.8% |
| Other amounts receivable | 41 | €12,070 | €0 | -€12,070 | -100% |
| Current investments | 50/53 | €56,701 | €56,944 | +€243 | +0.4% |
| Other investments | 51/53 | €56,701 | €56,944 | +€243 | +0.4% |
| Cash at bank and in hand | 54/58 | €707,251 | €843,676 | +€136,425 | +19.3% |
| Deferred charges and accrued income | 490/1 | €62,852 | €97,342 | +€34,490 | +54.9% |
| Total equity and liabilities | 10/49 | €8,806,164 | €9,180,911 | +€374,747 | +4.3% |
| Equity | 10/15 | €2,497,194 | €2,369,940 | -€127,253 | -5.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,429,544 | €2,302,290 | -€127,253 | -5.2% |
| Amounts payable | 17/49 | €6,308,971 | €6,810,971 | +€502,000 | +8.0% |
| Amounts payable after more than one year | 17 | €183,036 | €93,841 | -€89,195 | -48.7% |
| Financial debts | 170/4 | €183,036 | €93,841 | -€89,195 | -48.7% |
| Leasing and similar obligations | 172 | €183,036 | €93,841 | -€89,195 | -48.7% |
| Amounts payable within one year | 42/48 | €6,070,614 | €6,658,203 | +€587,589 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €132,376 | €89,195 | -€43,181 | -32.6% |
| Financial debts | 43 | €472,939 | €470,868 | -€2,071 | -0.4% |
| Credit institutions | 430/8 | €472,939 | €470,868 | -€2,071 | -0.4% |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €819,441 | €805,622 | -€13,819 | -1.7% |
| Suppliers | 440/4 | €819,441 | €805,622 | -€13,819 | -1.7% |
| Taxes, remuneration and social security | 45 | €4,222,488 | €5,215,912 | +€993,424 | +23.5% |
| Taxes | 450/3 | €1,066,167 | €1,230,912 | +€164,744 | +15.5% |
| Remuneration and social security | 454/9 | €3,156,321 | €3,985,001 | +€828,680 | +26.3% |
| Other amounts payable | 47/48 | €423,370 | €76,605 | -€346,765 | -81.9% |
| Accrued charges and deferred income | 492/3 | €55,321 | €58,927 | +€3,607 | +6.5% |
| Operating income | 70/76A | €45,590,787 | €47,334,522 | +€1.7m | +3.8% |
| Turnover | 70 | €44,218,888 | €46,201,894 | +€2.0m | +4.5% |
| Other operating income | 74 | €1,371,900 | €1,132,628 | -€239,272 | -17.4% |
| Operating charges | 60/66A | €44,477,500 | €46,803,239 | +€2.3m | +5.2% |
| Goods for resale, raw materials and consumables | 60 | €49,851 | €54,323 | +€4,472 | +9.0% |
| Purchases | 600/8 | €49,851 | €54,323 | +€4,472 | +9.0% |
| Services and other goods | 61 | €2,983,050 | €3,271,414 | +€288,364 | +9.7% |
| Remuneration, social security and pensions | 62 | €41,086,863 | €43,160,408 | +€2.1m | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,706 | €245,424 | -€23,281 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,300 | -€8,296 | -€17,596 | |
| Other operating charges | 640/8 | €79,730 | €79,965 | +€235 | +0.3% |
| Operating profit (loss) | 9901 | €1,113,288 | €531,284 | -€582,004 | -52.3% |
| Financial income | 75/76B | €21,186 | €17,985 | -€3,200 | -15.1% |
| Recurring financial income | 75 | €21,186 | €17,985 | -€3,200 | -15.1% |
| Income from current assets | 751 | €20,252 | €15,690 | -€4,562 | -22.5% |
| Other financial income | 752/9 | €934 | €2,295 | +€1,362 | +146% |
| Financial charges | 65/66B | €52,940 | €452,113 | +€399,172 | +754% |
| Recurring financial charges | 65 | €52,940 | €39,113 | -€13,828 | -26.1% |
| Debt charges | 650 | €47,154 | €32,266 | -€14,887 | -31.6% |
| Other financial charges | 652/9 | €5,787 | €6,846 | +€1,060 | +18.3% |
| Non-recurring financial charges | 66B | - | €413,000 | +€413,000 | |
| Profit (loss) for the period before taxes | 9903 | €1,081,533 | €97,157 | -€984,377 | -91.0% |
| Income taxes | 67/77 | €393,904 | €224,410 | -€169,494 | -43.0% |
| Taxes | 670/3 | €398,234 | €224,410 | -€173,825 | -43.6% |
| Tax adjustments and reversals of tax provisions | 77 | €4,330 | €0 | -€4,330 | -100% |
| Profit (loss) for the period | 9904 | €687,630 | -€127,253 | -€814,883 | |
| Profit (loss) for the period to be appropriated | 9905 | €687,630 | -€127,253 | -€814,883 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.