Reicom: 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.
What changed
Reicom
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€697,104
2024 · -€12,480-€684,625
Equity
€4.5m
2024 · €5.2m-€697,104
Cash
€1,725
2024 · €11,185-€9,460
Balance sheet total
€9.5m
2024 · €11.0m-€1.6m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-43.5%), from €3.7m to €2.1m
of which Other amounts receivable: -€1.6m
- Tangible fixed assets +€287,105
up €287,105 (+4.6%), from €6.3m to €6.6m
of which Land and buildings: +€502,972
- Receivables after one year -€179,026
down €179,026 (-100.0%), from €179,026 to €0
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-31.9%), from €3.9m to €2.6m
of which Financial debts: -€1.1m
- Reserves -€697,104
down €697,104 (-14.2%), from €4.9m to €4.2m
of which Distributable reserves: -€561,741
- Other debts +€521,382
new in 2025: €521,382
- Short-term financial debts -€378,769
down €378,769 (-98.7%), from €383,643 to €4,873
- Trade debts +€349,729
up €349,729 (+204.9%), from €170,669 to €520,398
Income statement
- Write-downs +€428,263
new in 2025: €428,263
- Gross operating margin +€49,585
up €49,585 (+13.8%), from €359,182 to €408,767
- Taxes -€37,445
down €37,445 (-100.0%), from €37,445 to €0
- Depreciation -€37,437
down €37,437 (-11.0%), from €339,078 to €301,641
- Financial income -€14,390
down €14,390 (-23.6%), from €60,925 to €46,535
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.
Result 2024
-€12,480
Gross operating margin
+€49,585
Depreciation
+€37,437
Write-downs
-€428,263
Other operating charges
+€3,426
Other operating items
-€383,835
Financial income
-€14,390
Financial charges
+€11,739
Taxes
+€37,445
Deferred taxes and other
+€2,231
Result 2025
-€697,104
Cash bridge derived
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.
From operations
+€2.2m
Investment
-€517,735
Financing
-€1.7m
Cash 2024
€11,185
From operations (derived)
+€2.2m
Net result for the year
-€697,104
Depreciation
+€301,641
Receivables after one year
+€179,026
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€1,319
Provisions
-€45,121
Trade debts
+€349,729
Tax, wage and social debts
-€39,041
Other debts
+€521,382
Investment (derived)
-€517,735
Investment in fixed assets (net)
-€517,735
Financing
-€1.7m
Debts after one year
-€1.2m
Current portion of long-term debt
-€39,268
Short-term financial debts
-€378,769
Cash 2025
€1,725
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,031,804 | €9,465,804 | -€1.6m | -14.2% |
| Fixed assets | 21/28 | €7,175,770 | €7,391,864 | +€216,094 | +3.0% |
| Tangible fixed assets | 22/27 | €6,277,708 | €6,564,813 | +€287,105 | +4.6% |
| Land and buildings | 22 | €5,985,478 | €6,488,450 | +€502,972 | +8.4% |
| Plant, machinery and equipment | 23 | €134,577 | €1,622 | -€132,955 | -98.8% |
| Furniture and vehicles | 24 | €117,778 | €51,794 | -€65,983 | -56.0% |
| Leasing and similar rights | 25 | €39,875 | €22,947 | -€16,928 | -42.5% |
| Financial fixed assets | 28 | €898,062 | €827,051 | -€71,011 | -7.9% |
| Current assets | 29/58 | €3,856,034 | €2,073,940 | -€1.8m | -46.2% |
| Amounts receivable after more than one year | 29 | €179,026 | €0 | -€179,026 | -100.0% |
| Other amounts receivable | 291 | €179,026 | €0 | -€179,026 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,659,766 | €2,067,476 | -€1.6m | -43.5% |
| Trade receivables | 40 | €48,315 | €105,891 | +€57,575 | +119.2% |
| Other amounts receivable | 41 | €3,611,450 | €1,961,586 | -€1.6m | -45.7% |
| Current investments | 50/53 | €3,881 | €3,881 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,185 | €1,725 | -€9,460 | -84.6% |
| Deferred charges and accrued income | 490/1 | €2,176 | €858 | -€1,319 | -60.6% |
| Total equity and liabilities | 10/49 | €11,031,804 | €9,465,804 | -€1.6m | -14.2% |
| Equity | 10/15 | €5,231,860 | €4,534,756 | -€697,104 | -13.3% |
| Contributions | 10/11 | €324,850 | €324,850 | = | 0.0% |
| Capital | 10 | €324,850 | €324,850 | = | 0.0% |
| Issued capital | 100 | €324,850 | €324,850 | = | 0.0% |
| Reserves | 13 | €4,907,010 | €4,209,906 | -€697,104 | -14.2% |
| Non-distributable reserves | 130/1 | €32,485 | €32,485 | = | 0.0% |
| Legal reserve | 130 | €32,485 | €32,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,333,074 | €2,197,711 | -€135,363 | -5.8% |
| Distributable reserves | 133 | €2,541,451 | €1,979,710 | -€561,741 | -22.1% |
| Provisions and deferred taxes | 16 | €783,131 | €738,010 | -€45,121 | -5.8% |
| Provisions for liabilities and charges | 160/5 | €106,253 | €106,253 | = | 0.0% |
| Pensions and similar obligations | 160 | €106,253 | €106,253 | = | 0.0% |
| Deferred taxes | 168 | €676,878 | €631,757 | -€45,121 | -6.7% |
| Amounts payable | 17/49 | €5,016,814 | €4,193,039 | -€823,775 | -16.4% |
| Amounts payable after more than one year | 17 | €3,882,431 | €2,644,622 | -€1.2m | -31.9% |
| Financial debts | 170/4 | €3,731,260 | €2,634,662 | -€1.1m | -29.4% |
| Other amounts payable | 178/9 | €151,170 | €9,960 | -€141,210 | -93.4% |
| Amounts payable within one year | 42/48 | €1,134,383 | €1,548,417 | +€414,034 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €503,586 | €464,318 | -€39,268 | -7.8% |
| Financial debts | 43 | €383,643 | €4,873 | -€378,769 | -98.7% |
| Credit institutions | 430/8 | €383,643 | €4,873 | -€378,769 | -98.7% |
| Trade debts | 44 | €170,669 | €520,398 | +€349,729 | +204.9% |
| Suppliers | 440/4 | €170,669 | €520,398 | +€349,729 | +204.9% |
| Taxes, remuneration and social security | 45 | €76,485 | €37,445 | -€39,041 | -51.0% |
| Taxes | 450/3 | €76,485 | €37,445 | -€39,041 | -51.0% |
| Other amounts payable | 47/48 | - | €521,382 | +€521,382 | |
| Non-recurring operating income | 76A | €60,599 | €81,273 | +€20,673 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,078 | €301,641 | -€37,437 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €428,263 | +€428,263 | |
| Other operating charges | 640/8 | €5,652 | €2,226 | -€3,426 | -60.6% |
| Non-recurring operating charges | 66A | €6,120 | €389,955 | +€383,835 | +6271.5% |
| Gross operating margin | 9900 | €359,182 | €408,767 | +€49,585 | +13.8% |
| Operating profit (loss) | 9901 | €8,332 | -€713,318 | -€721,650 | |
| Financial income | 75/76B | €60,925 | €46,535 | -€14,390 | -23.6% |
| Recurring financial income | 75 | €60,925 | €46,535 | -€14,390 | -23.6% |
| Financial charges | 65/66B | €87,181 | €75,442 | -€11,739 | -13.5% |
| Recurring financial charges | 65 | €87,181 | €75,442 | -€11,739 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,925 | -€742,225 | -€724,301 | -4040.8% |
| Transfer from deferred taxes | 780 | €42,890 | €45,121 | +€2,231 | +5.2% |
| Income taxes | 67/77 | €37,445 | €0 | -€37,445 | -100.0% |
| Profit (loss) for the period | 9904 | -€12,480 | -€697,104 | -€684,625 | -5485.9% |
| Transfer from tax-exempt reserves | 789 | €125,528 | €135,363 | +€9,835 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,048 | -€561,741 | -€674,790 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.