RECTILUX: 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.
RECTILUX
Largest movements
- Receivables within one year +€8,609
up €8,609 (+73.1%), from €11,769 to €20,378
of which Other amounts receivable: +€4,852
- Cash -€5,885
down €5,885 (-67.9%), from €8,673 to €2,788
mainly Net result for the year (-€16,202) and Investment in fixed assets (net) (-€9,738)
- Tangible fixed assets -€5,861
down €5,861 (-1.6%), from €359,175 to €353,314
of which Land and buildings: -€8,973
- Profit (loss) carried forward -€16,202
down €16,202 (-7.8%), from -€206,522 to -€222,724
- Advances received +€13,106
new in 2025: €13,106
- Current portion of long-term debt +€5,833
up €5,833 (+355%), from €1,644 to €7,477
- Other debts -€5,250
down €5,250 (-64.3%), from €8,167 to €2,918
- Staff costs +€8,148
up €8,148 (+7.6%), from €107,509 to €115,657
- Other operating charges +€6,697
up €6,697 (+69.7%), from €9,605 to €16,302
- Gross operating margin -€4,036
down €4,036 (-2.8%), from €142,028 to €137,992
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 | €450,878 | €455,052 | +€4,173 | +0.9% |
| Fixed assets | 21/28 | €359,175 | €353,314 | -€5,861 | -1.6% |
| Tangible fixed assets | 22/27 | €359,175 | €353,314 | -€5,861 | -1.6% |
| Land and buildings | 22 | €359,175 | €350,202 | -€8,973 | -2.5% |
| Plant, machinery and equipment | 23 | - | €3,113 | +€3,113 | |
| Current assets | 29/58 | €91,703 | €101,737 | +€10,034 | +10.9% |
| Stocks and contracts in progress | 3 | €70,182 | €73,204 | +€3,022 | +4.3% |
| Stocks | 30/36 | €70,182 | €73,204 | +€3,022 | +4.3% |
| Amounts receivable within one year | 40/41 | €11,769 | €20,378 | +€8,609 | +73.1% |
| Trade receivables | 40 | €9,270 | €13,027 | +€3,757 | +40.5% |
| Other amounts receivable | 41 | €2,499 | €7,351 | +€4,852 | +194% |
| Cash at bank and in hand | 54/58 | €8,673 | €2,788 | -€5,885 | -67.9% |
| Deferred charges and accrued income | 490/1 | €1,080 | €5,368 | +€4,288 | +397% |
| Total equity and liabilities | 10/49 | €450,878 | €455,052 | +€4,173 | +0.9% |
| Equity | 10/15 | €353,407 | €337,205 | -€16,202 | -4.6% |
| Contributions | 10/11 | €175,380 | €175,380 | = | 0.0% |
| Capital | 10 | €175,380 | €175,380 | = | 0.0% |
| Issued capital | 100 | €175,380 | €175,380 | = | 0.0% |
| Revaluation surpluses | 12 | €367,011 | €367,011 | = | 0.0% |
| Reserves | 13 | €17,538 | €17,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,538 | €17,538 | = | 0.0% |
| Legal reserve | 130 | €17,538 | €17,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,522 | -€222,724 | -€16,202 | -7.8% |
| Amounts payable | 17/49 | €97,471 | €117,847 | +€20,375 | +20.9% |
| Amounts payable within one year | 42/48 | €97,019 | €117,847 | +€20,828 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €1,644 | €7,477 | +€5,833 | +355% |
| Financial debts | 43 | €52,967 | €55,461 | +€2,494 | +4.7% |
| Credit institutions | 430/8 | €52,967 | €55,461 | +€2,494 | +4.7% |
| Trade debts | 44 | €19,917 | €21,315 | +€1,398 | +7.0% |
| Suppliers | 440/4 | €19,917 | €21,315 | +€1,398 | +7.0% |
| Advances received on contracts in progress | 46 | - | €13,106 | +€13,106 | |
| Taxes, remuneration and social security | 45 | €14,324 | €17,570 | +€3,246 | +22.7% |
| Taxes | 450/3 | €4,719 | €7,173 | +€2,454 | +52.0% |
| Remuneration and social security | 454/9 | €9,605 | €10,397 | +€792 | +8.2% |
| Other amounts payable | 47/48 | €8,167 | €2,918 | -€5,250 | -64.3% |
| Accrued charges and deferred income | 492/3 | €452 | - | -€452 | |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Remuneration, social security and pensions | 62 | €107,509 | €115,657 | +€8,148 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,825 | €15,599 | +€774 | +5.2% |
| Other operating charges | 640/8 | €9,605 | €16,302 | +€6,697 | +69.7% |
| Gross operating margin | 9900 | €142,028 | €137,992 | -€4,036 | -2.8% |
| Operating profit (loss) | 9901 | €10,089 | -€9,565 | -€19,654 | |
| Financial income | 75/76B | €1 | €10 | +€10 | +1,295% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1,295% |
| Financial charges | 65/66B | €7,956 | €6,647 | -€1,308 | -16.4% |
| Recurring financial charges | 65 | €7,956 | €6,647 | -€1,308 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €2,134 | -€16,202 | -€18,336 | |
| Profit (loss) for the period | 9904 | €2,134 | -€16,202 | -€18,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,134 | -€16,202 | -€18,336 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.