Recurze Consulting: 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.
Recurze Consulting
Largest movements
- Receivables within one year +€15,086
up €15,086 (+107%), from €14,148 to €29,234
of which Trade receivables: +€14,847
- Tangible fixed assets -€14,379
down €14,379 (-36.7%), from €39,146 to €24,767
of which Furniture and vehicles: -€14,379
- Cash +€6,625
up €6,625 (+32.2%), from €20,553 to €27,178
mainly Net result for the year (+€51,845) and Depreciation (+€14,718)
- Accrued charges and deferred income +€13,690
new in 2025: €13,690
- Reserves -€8,155
down €8,155 (-10.6%), from €76,643 to €68,489
- Tax, wage and social debts +€3,236
up €3,236 (+41.6%), from €7,781 to €11,017
- Other debts -€1,111
no longer reported in 2025 (was €1,111)
- Trade debts -€1,025
down €1,025 (-57.5%), from €1,782 to €757
- Gross operating margin -€9,851
down €9,851 (-10.8%), from €90,897 to €81,046
- Taxes -€2,033
down €2,033 (-12.9%), from €15,710 to €13,677
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 | €88,817 | €95,453 | +€6,635 | +7.5% |
| Fixed assets | 21/28 | €39,146 | €24,767 | -€14,379 | -36.7% |
| Tangible fixed assets | 22/27 | €39,146 | €24,767 | -€14,379 | -36.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €39,146 | €24,767 | -€14,379 | -36.7% |
| Current assets | 29/58 | €49,671 | €70,686 | +€21,014 | +42.3% |
| Amounts receivable within one year | 40/41 | €14,148 | €29,234 | +€15,086 | +107% |
| Trade receivables | 40 | €13,358 | €28,205 | +€14,847 | +111% |
| Other amounts receivable | 41 | €790 | €1,029 | +€239 | +30.3% |
| Current investments | 50/53 | €12,876 | €12,876 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,553 | €27,178 | +€6,625 | +32.2% |
| Deferred charges and accrued income | 490/1 | €2,093 | €1,397 | -€696 | -33.3% |
| Total equity and liabilities | 10/49 | €88,817 | €95,453 | +€6,635 | +7.5% |
| Equity | 10/15 | €78,143 | €69,989 | -€8,155 | -10.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €76,643 | €68,489 | -€8,155 | -10.6% |
| Distributable reserves | 133 | €76,643 | €68,489 | -€8,155 | -10.6% |
| Amounts payable | 17/49 | €10,674 | €25,464 | +€14,790 | +139% |
| Amounts payable within one year | 42/48 | €10,674 | €11,774 | +€1,100 | +10.3% |
| Trade debts | 44 | €1,782 | €757 | -€1,025 | -57.5% |
| Suppliers | 440/4 | €1,782 | €757 | -€1,025 | -57.5% |
| Taxes, remuneration and social security | 45 | €7,781 | €11,017 | +€3,236 | +41.6% |
| Taxes | 450/3 | €7,781 | €11,017 | +€3,236 | +41.6% |
| Other amounts payable | 47/48 | €1,111 | - | -€1,111 | |
| Accrued charges and deferred income | 492/3 | - | €13,690 | +€13,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,563 | €14,718 | +€155 | +1.1% |
| Other operating charges | 640/8 | €589 | €543 | -€46 | -7.8% |
| Gross operating margin | 9900 | €90,897 | €81,046 | -€9,851 | -10.8% |
| Operating profit (loss) | 9901 | €75,745 | €65,786 | -€9,959 | -13.1% |
| Financial income | 75/76B | €620 | €216 | -€404 | -65.2% |
| Recurring financial income | 75 | €620 | €216 | -€404 | -65.2% |
| Financial charges | 65/66B | €230 | €479 | +€248 | +108% |
| Recurring financial charges | 65 | €230 | €479 | +€248 | +108% |
| Profit (loss) for the period before taxes | 9903 | €76,135 | €65,523 | -€10,612 | -13.9% |
| Income taxes | 67/77 | €15,710 | €13,677 | -€2,033 | -12.9% |
| Profit (loss) for the period | 9904 | €60,425 | €51,845 | -€8,579 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,425 | €51,845 | -€8,579 | -14.2% |
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 19 October 2026 via checked.be.