RECUPBAT: 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.
RECUPBAT
Largest movements
- Receivables within one year -€512,098
down €512,098 (-21.1%), from €2.4m to €1.9m
of which Trade receivables: -€740,564
- Stocks and contracts -€486,967
down €486,967 (-67.0%), from €726,547 to €239,580
- Tangible fixed assets +€68,807
up €68,807 (+28.2%), from €243,894 to €312,701
of which Other tangible fixed assets: +€123,469
- Cash -€42,071
down €42,071 (-73.8%), from €56,968 to €14,898
mainly Short-term financial debts (-€425,388) and Net result for the year (-€343,476)
- Short-term financial debts -€425,388
down €425,388 (-100.0%), from €425,388 to €0
- Profit (loss) carried forward -€223,970
new in 2024: -€223,970
- Trade debts -€151,068
down €151,068 (-6.2%), from €2.4m to €2.3m
- Reserves -€119,506
down €119,506 (-100.0%), from €119,506 to €0
of which Distributable reserves: -€119,506
- Debts after one year -€38,087
down €38,087 (-32.3%), from €117,776 to €79,689
- Other operating charges +€240,053
up €240,053 (+203.2%), from €118,139 to €358,192
- Gross operating margin +€192,531
up €192,531 (+51.6%), from €373,036 to €565,567
- Staff costs -€172,483
down €172,483 (-35.2%), from €489,322 to €316,839
- Financial charges +€89,232
up €89,232 (+113.4%), from €78,709 to €167,940
- Depreciation -€19,380
down €19,380 (-17.9%), from €107,984 to €88,603
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,628,185 | €2,651,812 | -€976,373 | -26.9% |
| Fixed assets | 21/28 | €336,140 | €416,635 | +€80,495 | +23.9% |
| Tangible fixed assets | 22/27 | €243,894 | €312,701 | +€68,807 | +28.2% |
| Plant, machinery and equipment | 23 | €114,641 | €74,109 | -€40,532 | -35.4% |
| Furniture and vehicles | 24 | €43,549 | €29,420 | -€14,130 | -32.4% |
| Other tangible fixed assets | 26 | €85,703 | €209,172 | +€123,469 | +144.1% |
| Financial fixed assets | 28 | €92,246 | €103,934 | +€11,688 | +12.7% |
| Current assets | 29/58 | €3,292,045 | €2,235,177 | -€1.1m | -32.1% |
| Stocks and contracts in progress | 3 | €726,547 | €239,580 | -€486,967 | -67.0% |
| Stocks | 30/36 | €726,547 | €239,580 | -€486,967 | -67.0% |
| Amounts receivable within one year | 40/41 | €2,423,872 | €1,911,774 | -€512,098 | -21.1% |
| Trade receivables | 40 | €1,281,704 | €541,140 | -€740,564 | -57.8% |
| Other amounts receivable | 41 | €1,142,168 | €1,370,634 | +€228,466 | +20.0% |
| Cash at bank and in hand | 54/58 | €56,968 | €14,898 | -€42,071 | -73.8% |
| Deferred charges and accrued income | 490/1 | €84,657 | €68,925 | -€15,732 | -18.6% |
| Total equity and liabilities | 10/49 | €3,628,185 | €2,651,812 | -€976,373 | -26.9% |
| Equity | 10/15 | €138,106 | -€205,370 | -€343,476 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,506 | €0 | -€119,506 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €119,506 | €0 | -€119,506 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€223,970 | -€223,970 | |
| Amounts payable | 17/49 | €3,490,079 | €2,857,182 | -€632,897 | -18.1% |
| Amounts payable after more than one year | 17 | €117,776 | €79,689 | -€38,087 | -32.3% |
| Financial debts | 170/4 | €117,776 | €79,689 | -€38,087 | -32.3% |
| Amounts payable within one year | 42/48 | €3,371,279 | €2,777,493 | -€593,787 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €59,278 | €38,087 | -€21,191 | -35.7% |
| Financial debts | 43 | €425,388 | €0 | -€425,388 | -100.0% |
| Credit institutions | 430/8 | €425,388 | €0 | -€425,388 | -100.0% |
| Trade debts | 44 | €2,447,333 | €2,296,265 | -€151,068 | -6.2% |
| Suppliers | 440/4 | €2,447,333 | €2,296,265 | -€151,068 | -6.2% |
| Advances received on contracts in progress | 46 | €400,000 | €400,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,280 | €43,141 | +€3,861 | +9.8% |
| Taxes | 450/3 | €200 | €17,237 | +€17,038 | +8540.3% |
| Remuneration and social security | 454/9 | €39,080 | €25,903 | -€13,177 | -33.7% |
| Accrued charges and deferred income | 492/3 | €1,024 | €0 | -€1,024 | -100.0% |
| Non-recurring operating income | 76A | €64,997 | €0 | -€64,997 | -100.0% |
| Remuneration, social security and pensions | 62 | €489,322 | €316,839 | -€172,483 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,984 | €88,603 | -€19,380 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,662 | €0 | +€4,662 | |
| Other operating charges | 640/8 | €118,139 | €358,192 | +€240,053 | +203.2% |
| Non-recurring operating charges | 66A | €11,244 | €0 | -€11,244 | -100.0% |
| Gross operating margin | 9900 | €373,036 | €565,567 | +€192,531 | +51.6% |
| Operating profit (loss) | 9901 | -€348,991 | -€198,068 | +€150,924 | +43.2% |
| Financial income | 75/76B | €13,214 | €23,523 | +€10,310 | +78.0% |
| Recurring financial income | 75 | €13,214 | €23,523 | +€10,310 | +78.0% |
| Financial charges | 65/66B | €78,709 | €167,940 | +€89,232 | +113.4% |
| Recurring financial charges | 65 | €78,709 | €167,940 | +€89,232 | +113.4% |
| Profit (loss) for the period before taxes | 9903 | -€414,486 | -€342,485 | +€72,002 | +17.4% |
| Income taxes | 67/77 | €1,892 | €991 | -€901 | -47.6% |
| Profit (loss) for the period | 9904 | -€416,378 | -€343,476 | +€72,903 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€416,378 | -€343,476 | +€72,903 | +17.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.