RECUP WAREGEM: 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.
RECUP WAREGEM
Largest movements
- Tangible fixed assets -€14,121
down €14,121 (-19.7%), from €71,541 to €57,419
of which Furniture and vehicles: -€11,545
- Cash +€13,994
up €13,994 (+116%), from €12,065 to €26,058
mainly Depreciation (+€15,710) and Other debts (+€9,102)
- Deferred charges and accrued income -€884
down €884 (-53.9%), from €1,640 to €756
- Debts after one year -€12,029
down €12,029 (-33.5%), from €35,902 to €23,873
- Accrued charges and deferred income -€11,707
down €11,707 (-77.2%), from €15,169 to €3,462
- Other debts +€9,102
up €9,102 (+80.3%), from €11,329 to €20,431
- Tax, wage and social debts +€8,435
up €8,435 (+182%), from €4,636 to €13,071
of which Remuneration and social security: +€7,245
- Reserves +€5,598
up €5,598 (+210%), from €2,661 to €8,259
- Depreciation -€5,712
down €5,712 (-26.7%), from €21,422 to €15,710
- Gross operating margin -€5,293
down €5,293 (-14.2%), from €37,338 to €32,045
- Financial charges -€1,470
down €1,470 (-40.0%), from €3,678 to €2,208
- Other operating charges -€1,315
down €1,315 (-25.2%), from €5,219 to €3,904
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 | €88,229 | €86,794 | -€1,434 | -1.6% |
| Formation expenses | 20 | €2,870 | €2,252 | -€617 | -21.5% |
| Fixed assets | 21/28 | €71,541 | €57,419 | -€14,121 | -19.7% |
| Tangible fixed assets | 22/27 | €71,541 | €57,419 | -€14,121 | -19.7% |
| Land and buildings | 22 | €957 | €847 | -€110 | -11.5% |
| Plant, machinery and equipment | 23 | €28,797 | €26,330 | -€2,467 | -8.6% |
| Furniture and vehicles | 24 | €41,787 | €30,242 | -€11,545 | -27.6% |
| Current assets | 29/58 | €13,818 | €27,122 | +€13,304 | +96.3% |
| Amounts receivable within one year | 40/41 | €114 | €308 | +€194 | +170% |
| Trade receivables | 40 | - | €308 | +€308 | |
| Other amounts receivable | 41 | €114 | - | -€114 | |
| Cash at bank and in hand | 54/58 | €12,065 | €26,058 | +€13,994 | +116% |
| Deferred charges and accrued income | 490/1 | €1,640 | €756 | -€884 | -53.9% |
| Total equity and liabilities | 10/49 | €88,229 | €86,794 | -€1,434 | -1.6% |
| Equity | 10/15 | €7,661 | €13,259 | +€5,598 | +73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,661 | €8,259 | +€5,598 | +210% |
| Distributable reserves | 133 | €2,661 | €8,259 | +€5,598 | +210% |
| Amounts payable | 17/49 | €80,568 | €73,536 | -€7,032 | -8.7% |
| Amounts payable after more than one year | 17 | €35,902 | €23,873 | -€12,029 | -33.5% |
| Financial debts | 170/4 | €35,902 | €23,873 | -€12,029 | -33.5% |
| Amounts payable within one year | 42/48 | €29,497 | €46,200 | +€16,704 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €11,536 | €12,029 | +€494 | +4.3% |
| Trade debts | 44 | €1,996 | €669 | -€1,326 | -66.5% |
| Suppliers | 440/4 | €1,996 | €669 | -€1,326 | -66.5% |
| Taxes, remuneration and social security | 45 | €4,636 | €13,071 | +€8,435 | +182% |
| Taxes | 450/3 | €4,636 | €5,826 | +€1,190 | +25.7% |
| Remuneration and social security | 454/9 | - | €7,245 | +€7,245 | |
| Other amounts payable | 47/48 | €11,329 | €20,431 | +€9,102 | +80.3% |
| Accrued charges and deferred income | 492/3 | €15,169 | €3,462 | -€11,707 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,422 | €15,710 | -€5,712 | -26.7% |
| Other operating charges | 640/8 | €5,219 | €3,904 | -€1,315 | -25.2% |
| Gross operating margin | 9900 | €37,338 | €32,045 | -€5,293 | -14.2% |
| Operating profit (loss) | 9901 | €10,697 | €12,431 | +€1,734 | +16.2% |
| Financial income | 75/76B | €141 | €0 | -€140 | -99.8% |
| Recurring financial income | 75 | €141 | €0 | -€140 | -99.8% |
| Financial charges | 65/66B | €3,678 | €2,208 | -€1,470 | -40.0% |
| Recurring financial charges | 65 | €3,678 | €2,208 | -€1,470 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €7,160 | €10,224 | +€3,064 | +42.8% |
| Income taxes | 67/77 | €2,866 | €2,960 | +€94 | +3.3% |
| Profit (loss) for the period | 9904 | €4,294 | €7,264 | +€2,970 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,294 | €7,264 | +€2,970 | +69.2% |
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 25 October 2026 via checked.be.