RECUPAL-OOST: 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.
RECUPAL-OOST
Largest movements
- Current investments +€468,019
up €468,019 (+18.0%), from €2.6m to €3.1m
- Cash +€205,207
up €205,207 (+77.4%), from €265,012 to €470,218
mainly Net result for the year (+€751,328)
- Reserves +€726,328
up €726,328 (+16.6%), from €4.4m to €5.1m
of which Distributable reserves: +€726,328
- Gross operating margin +€436,828
up €436,828 (+89.7%), from €486,720 to €923,548
- Taxes +€44,057
up €44,057 (+28.7%), from €153,716 to €197,774
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 | €4,429,519 | €5,151,571 | +€722,051 | +16.3% |
| Fixed assets | 21/28 | €1,536,616 | €1,536,616 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,536,616 | €1,536,616 | = | 0.0% |
| Land and buildings | 22 | €1,536,616 | €1,536,616 | = | 0.0% |
| Current assets | 29/58 | €2,892,903 | €3,614,954 | +€722,051 | +25.0% |
| Amounts receivable within one year | 40/41 | €25,282 | €74,107 | +€48,826 | +193% |
| Trade receivables | 40 | €7,260 | €69,295 | +€62,035 | +854% |
| Other amounts receivable | 41 | €18,022 | €4,812 | -€13,209 | -73.3% |
| Current investments | 50/53 | €2,602,609 | €3,070,629 | +€468,019 | +18.0% |
| Cash at bank and in hand | 54/58 | €265,012 | €470,218 | +€205,207 | +77.4% |
| Total equity and liabilities | 10/49 | €4,429,519 | €5,151,571 | +€722,051 | +16.3% |
| Equity | 10/15 | €4,425,243 | €5,151,571 | +€726,328 | +16.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,363,243 | €5,089,571 | +€726,328 | +16.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,198 | €37,198 | = | 0.0% |
| Distributable reserves | 133 | €4,319,845 | €5,046,173 | +€726,328 | +16.8% |
| Amounts payable | 17/49 | €4,277 | €0 | -€4,277 | -100% |
| Amounts payable within one year | 42/48 | €4,277 | €0 | -€4,277 | -100% |
| Trade debts | 44 | €3,017 | €0 | -€3,017 | -100% |
| Suppliers | 440/4 | €3,017 | €0 | -€3,017 | -100% |
| Taxes, remuneration and social security | 45 | €1,260 | - | -€1,260 | |
| Taxes | 450/3 | €1,260 | - | -€1,260 | |
| Other operating charges | 640/8 | €28,783 | €29,684 | +€901 | +3.1% |
| Gross operating margin | 9900 | €486,720 | €923,548 | +€436,828 | +89.7% |
| Operating profit (loss) | 9901 | €457,938 | €893,864 | +€435,926 | +95.2% |
| Financial income | 75/76B | €57,053 | €55,510 | -€1,542 | -2.7% |
| Recurring financial income | 75 | €57,053 | €55,510 | -€1,542 | -2.7% |
| Financial charges | 65/66B | €125 | €273 | +€148 | +119% |
| Recurring financial charges | 65 | €125 | €273 | +€148 | +119% |
| Profit (loss) for the period before taxes | 9903 | €514,866 | €949,102 | +€434,236 | +84.3% |
| Income taxes | 67/77 | €153,716 | €197,774 | +€44,057 | +28.7% |
| Profit (loss) for the period | 9904 | €361,149 | €751,328 | +€390,179 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €361,149 | €751,328 | +€390,179 | +108% |
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 27 October 2026 via checked.be.