RecruitUp: 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.
RecruitUp
Largest movements
- Receivables within one year +€88,201
up €88,201 (+780%), from €11,311 to €99,513
of which Trade receivables: +€87,661
- Cash -€50,012
down €50,012 (-74.5%), from €67,106 to €17,094
mainly Receivables within one year (-€88,201) and Investment in fixed assets (net) (-€1,722)
- Trade debts +€20,640
up €20,640 (+42.8%), from €48,193 to €68,833
- Profit (loss) carried forward +€11,033
up €11,033 (+58.0%), from €19,033 to €30,066
- Tax, wage and social debts +€4,041
up €4,041 (+29.3%), from €13,813 to €17,854
of which Remuneration and social security: +€7,276
- Current portion of long-term debt +€2,679
new in 2025: €2,679
- Gross operating margin -€39,587
down €39,587 (-33.9%), from €116,836 to €77,249
- Staff costs -€30,224
down €30,224 (-35.1%), from €86,098 to €55,874
- Taxes -€3,411
down €3,411 (-44.1%), from €7,728 to €4,316
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.
Derived cash bridge
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 | €84,987 | €123,409 | +€38,421 | +45.2% |
| Fixed assets | 21/28 | €4,593 | €4,420 | -€173 | -3.8% |
| Tangible fixed assets | 22/27 | €4,593 | €4,420 | -€173 | -3.8% |
| Furniture and vehicles | 24 | €2,227 | €2,754 | +€527 | +23.7% |
| Other tangible fixed assets | 26 | €2,366 | €1,666 | -€700 | -29.6% |
| Current assets | 29/58 | €80,394 | €118,988 | +€38,594 | +48.0% |
| Amounts receivable within one year | 40/41 | €11,311 | €99,513 | +€88,201 | +780% |
| Trade receivables | 40 | €11,311 | €98,972 | +€87,661 | +775% |
| Other amounts receivable | 41 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €67,106 | €17,094 | -€50,012 | -74.5% |
| Deferred charges and accrued income | 490/1 | €1,977 | €2,382 | +€405 | +20.5% |
| Total equity and liabilities | 10/49 | €84,987 | €123,409 | +€38,421 | +45.2% |
| Equity | 10/15 | €22,033 | €33,066 | +€11,033 | +50.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,033 | €30,066 | +€11,033 | +58.0% |
| Amounts payable | 17/49 | €62,954 | €90,343 | +€27,389 | +43.5% |
| Amounts payable within one year | 42/48 | €62,954 | €90,343 | +€27,389 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,679 | +€2,679 | |
| Financial debts | 43 | €134 | €0 | -€134 | -100% |
| Other loans | 439 | €134 | €0 | -€134 | -100% |
| Trade debts | 44 | €48,193 | €68,833 | +€20,640 | +42.8% |
| Suppliers | 440/4 | €48,193 | €68,833 | +€20,640 | +42.8% |
| Taxes, remuneration and social security | 45 | €13,813 | €17,854 | +€4,041 | +29.3% |
| Taxes | 450/3 | €11,344 | €8,109 | -€3,235 | -28.5% |
| Remuneration and social security | 454/9 | €2,469 | €9,745 | +€7,276 | +295% |
| Other amounts payable | 47/48 | €815 | €977 | +€162 | +19.9% |
| Remuneration, social security and pensions | 62 | €86,098 | €55,874 | -€30,224 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,357 | €1,894 | -€463 | -19.6% |
| Other operating charges | 640/8 | €155 | €193 | +€38 | +24.4% |
| Non-recurring operating charges | 66A | - | €2,366 | +€2,366 | |
| Gross operating margin | 9900 | €116,836 | €77,249 | -€39,587 | -33.9% |
| Operating profit (loss) | 9901 | €28,226 | €16,922 | -€11,304 | -40.0% |
| Financial income | 75/76B | €172 | €0 | -€172 | -100.0% |
| Recurring financial income | 75 | €172 | €0 | -€172 | -100.0% |
| Financial charges | 65/66B | €1,040 | €1,573 | +€533 | +51.3% |
| Recurring financial charges | 65 | €1,040 | €1,573 | +€533 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €27,358 | €15,349 | -€12,009 | -43.9% |
| Income taxes | 67/77 | €7,728 | €4,316 | -€3,411 | -44.1% |
| Profit (loss) for the period | 9904 | €19,630 | €11,033 | -€8,597 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,630 | €11,033 | -€8,597 | -43.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.