RECTRACO: 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.
RECTRACO
Largest movements
- Cash +€14,045
up €14,045 (+10024.0%), from €140 to €14,185
mainly Net result for the year (+€13,996) and Receivables within one year (+€7,748)
- Receivables after one year +€9,016
new in 2025: €9,016
- Receivables within one year -€7,748
down €7,748 (-96.7%), from €8,009 to €261
of which Other amounts receivable: -€8,009
- Tangible fixed assets +€2,423
new in 2025: €2,423
- Profit (loss) carried forward +€14,043
up €14,043 (+75.1%), from -€18,700 to -€4,658
- Accrued charges and deferred income +€3,793
new in 2025: €3,793
- Trade debts -€1,015
no longer reported in 2025 (was €1,015)
- Tax, wage and social debts +€838
up €838 (+114.3%), from €733 to €1,572
- Gross operating margin +€36,389
up €36,389, from -€19,664 to €16,725
- Taxes +€1,411
up €1,411 (+2023.7%), from €70 to €1,481
- Depreciation +€553
new in 2025: €553
- Financial charges -€429
down €429 (-69.5%), from €618 to €189
- Financial income -€223
down €223 (-35.8%), from €621 to €399
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 | €8,225 | €25,884 | +€17,659 | +214.7% |
| Fixed assets | 21/28 | - | €2,423 | +€2,423 | |
| Tangible fixed assets | 22/27 | - | €2,423 | +€2,423 | |
| Plant, machinery and equipment | 23 | - | €2,423 | +€2,423 | |
| Current assets | 29/58 | €8,225 | €23,461 | +€15,237 | +185.3% |
| Amounts receivable after more than one year | 29 | - | €9,016 | +€9,016 | |
| Other amounts receivable | 291 | - | €9,016 | +€9,016 | |
| Amounts receivable within one year | 40/41 | €8,009 | €261 | -€7,748 | -96.7% |
| Trade receivables | 40 | - | €261 | +€261 | |
| Other amounts receivable | 41 | €8,009 | - | -€8,009 | |
| Cash at bank and in hand | 54/58 | €140 | €14,185 | +€14,045 | +10024.0% |
| Deferred charges and accrued income | 490/1 | €76 | - | -€76 | |
| Total equity and liabilities | 10/49 | €8,225 | €25,884 | +€17,659 | +214.7% |
| Equity | 10/15 | €6,476 | €20,519 | +€14,043 | +216.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,577 | €6,577 | = | 0.0% |
| Distributable reserves | 133 | €6,577 | €6,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,700 | -€4,658 | +€14,043 | +75.1% |
| Amounts payable | 17/49 | €1,749 | €5,365 | +€3,617 | +206.8% |
| Amounts payable within one year | 42/48 | €1,749 | €1,572 | -€177 | -10.1% |
| Trade debts | 44 | €1,015 | - | -€1,015 | |
| Suppliers | 440/4 | €1,015 | - | -€1,015 | |
| Taxes, remuneration and social security | 45 | €733 | €1,572 | +€838 | +114.3% |
| Taxes | 450/3 | €733 | €1,572 | +€838 | +114.3% |
| Accrued charges and deferred income | 492/3 | - | €3,793 | +€3,793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €553 | +€553 | |
| Other operating charges | 640/8 | €830 | €905 | +€74 | +8.9% |
| Gross operating margin | 9900 | -€19,664 | €16,725 | +€36,389 | |
| Operating profit (loss) | 9901 | -€20,495 | €15,267 | +€35,762 | |
| Financial income | 75/76B | €621 | €399 | -€223 | -35.8% |
| Recurring financial income | 75 | €621 | €399 | -€223 | -35.8% |
| Financial charges | 65/66B | €618 | €189 | -€429 | -69.5% |
| Recurring financial charges | 65 | €618 | €189 | -€429 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,491 | €15,477 | +€35,968 | |
| Income taxes | 67/77 | €70 | €1,481 | +€1,411 | +2023.7% |
| Profit (loss) for the period | 9904 | -€20,560 | €13,996 | +€34,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,560 | €13,996 | +€34,557 |
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 11 October 2026 via checked.be.