REECO: what changed
Two fiscal 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.
REECO
Largest movements
- Receivables within one year -€21,406
down €21,406 (-15.4%), from €139,283 to €117,877
of which Trade receivables: -€21,869
- Other debts -€47,637
down €47,637 (-68.9%), from €69,098 to €21,462
- Trade debts +€24,862
up €24,862 (+33.5%), from €74,320 to €99,181
- Advances received +€9,911
up €9,911 (+24.9%), from €39,734 to €49,645
- Profit (loss) carried forward -€7,712
down €7,712 (-7.2%), from -€106,453 to -€114,165
- Tax, wage and social debts -€2,278
down €2,278 (-5.6%), from €40,749 to €38,472
of which Taxes: -€20,891
- Gross operating margin +€153,356
up €153,356, from -€80,647 to €72,709
- Other operating charges +€7,993
up €7,993 (+478.9%), from €1,669 to €9,662
- Depreciation -€3,822
down €3,822 (-62.9%), from €6,076 to €2,254
- Taxes +€3,485
new in 2024: €3,485
- Financial charges +€3,120
up €3,120 (+38.5%), from €8,113 to €11,233
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 | €147,646 | €124,791 | -€22,854 | -15.5% |
| Fixed assets | 21/28 | €5,600 | €4,320 | -€1,281 | -22.9% |
| Tangible fixed assets | 22/27 | €5,600 | €4,320 | -€1,281 | -22.9% |
| Plant, machinery and equipment | 23 | €1,711 | €1,059 | -€652 | -38.1% |
| Furniture and vehicles | 24 | €3,890 | €3,261 | -€628 | -16.2% |
| Current assets | 29/58 | €142,045 | €120,471 | -€21,574 | -15.2% |
| Amounts receivable within one year | 40/41 | €139,283 | €117,877 | -€21,406 | -15.4% |
| Trade receivables | 40 | €133,393 | €111,524 | -€21,869 | -16.4% |
| Other amounts receivable | 41 | €5,890 | €6,353 | +€463 | +7.9% |
| Cash at bank and in hand | 54/58 | €1,254 | €753 | -€501 | -40.0% |
| Deferred charges and accrued income | 490/1 | €1,508 | €1,842 | +€333 | +22.1% |
| Total equity and liabilities | 10/49 | €147,646 | €124,791 | -€22,854 | -15.5% |
| Equity | 10/15 | -€91,453 | -€99,165 | -€7,712 | -8.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,453 | -€114,165 | -€7,712 | -7.2% |
| Amounts payable | 17/49 | €239,099 | €223,957 | -€15,142 | -6.3% |
| Amounts payable within one year | 42/48 | €239,099 | €223,957 | -€15,142 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €15,197 | €15,197 | = | 0.0% |
| Trade debts | 44 | €74,320 | €99,181 | +€24,862 | +33.5% |
| Suppliers | 440/4 | €74,320 | €99,181 | +€24,862 | +33.5% |
| Advances received on contracts in progress | 46 | €39,734 | €49,645 | +€9,911 | +24.9% |
| Taxes, remuneration and social security | 45 | €40,749 | €38,472 | -€2,278 | -5.6% |
| Taxes | 450/3 | €30,942 | €10,050 | -€20,891 | -67.5% |
| Remuneration and social security | 454/9 | €9,808 | €28,421 | +€18,614 | +189.8% |
| Other amounts payable | 47/48 | €69,098 | €21,462 | -€47,637 | -68.9% |
| Remuneration, social security and pensions | 62 | €54,020 | €53,787 | -€233 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,076 | €2,254 | -€3,822 | -62.9% |
| Other operating charges | 640/8 | €1,669 | €9,662 | +€7,993 | +478.9% |
| Gross operating margin | 9900 | -€80,647 | €72,709 | +€153,356 | |
| Operating profit (loss) | 9901 | -€142,412 | €7,006 | +€149,418 | |
| Financial charges | 65/66B | €8,113 | €11,233 | +€3,120 | +38.5% |
| Recurring financial charges | 65 | €8,113 | €11,233 | +€3,120 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | -€150,525 | -€4,227 | +€146,298 | +97.2% |
| Income taxes | 67/77 | - | €3,485 | +€3,485 | |
| Profit (loss) for the period | 9904 | -€150,525 | -€7,712 | +€142,813 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,525 | -€7,712 | +€142,813 | +94.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.