REKA: what changed
What changed
REKA
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
-€204,045
2024 · €371,413-€575,458
Equity
€1.5m
2024 · €1.7m-€204,045
Cash
€409,586
2024 · €943,822-€534,236
Balance sheet total
€3.6m
2024 · €3.3m+€337,068
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+998%), from €148,708 to €1.6m
of which Land and buildings: +€1.3m
- Cash -€534,236
down €534,236 (-56.6%), from €943,822 to €409,586
mainly Investment in fixed assets (net) (-€1.6m) and Short-term financial debts (-€363,598)
- Receivables within one year -€312,884
down €312,884 (-79.2%), from €395,143 to €82,259
of which Trade receivables: -€243,431
- Stocks and contracts -€288,381
down €288,381 (-16.5%), from €1.7m to €1.5m
Equity and liabilities
- Debts after one year +€733,742
up €733,742 (+180%), from €407,992 to €1.1m
- Current portion of long-term debt +€394,703
up €394,703 (+401%), from €98,431 to €493,134
- Short-term financial debts -€363,598
down €363,598 (-58.2%), from €625,000 to €261,402
- Tax, wage and social debts -€322,371
down €322,371 (-82.7%), from €389,776 to €67,406
of which Taxes: -€310,915
- Reserves -€204,045
down €204,045 (-12.0%), from €1.7m to €1.5m
Income statement
- Gross operating margin -€598,952
down €598,952 (-56.8%), from €1.1m to €456,067
- Taxes -€146,191
down €146,191 (-99.7%), from €146,639 to €447
- Staff costs +€61,203
up €61,203 (+15.3%), from €399,976 to €461,179
- Financial charges +€39,844
up €39,844 (+65.7%), from €60,655 to €100,499
- Depreciation +€37,980
up €37,980 (+77.1%), from €49,291 to €87,272
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€371,413
Gross operating margin
-€598,952
Staff costs
-€61,203
Depreciation
-€37,980
Write-downs
-€10,967
Other operating charges
+€28,949
Financial income
-€1,654
Financial charges
-€39,844
Taxes
+€146,191
Result 2025
-€204,045
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€258,737
Investment
-€1.6m
Financing
+€764,847
Cash 2024
€943,822
From operations (derived)
+€258,737
Net result for the year
-€204,045
Depreciation
+€87,272
Receivables after one year
+€5,500
Stocks and contracts
+€288,381
Receivables within one year
+€312,884
Deferred charges and accrued income
-€7,520
Trade debts
+€62,176
Tax, wage and social debts
-€322,371
Other debts
+€4,346
Accrued charges and deferred income
+€32,115
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Current investments
+€10,659
Financing
+€764,847
Debts after one year
+€733,742
Current portion of long-term debt
+€394,703
Short-term financial debts
-€363,598
Cash 2025
€409,586
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,276,831 | €3,613,898 | +€337,068 | +10.3% |
| Fixed assets | 21/28 | €151,708 | €1,632,915 | +€1.5m | +976% |
| Tangible fixed assets | 22/27 | €148,708 | €1,632,915 | +€1.5m | +998% |
| Land and buildings | 22 | - | €1,305,590 | +€1.3m | |
| Plant, machinery and equipment | 23 | €75,519 | €61,282 | -€14,237 | -18.9% |
| Furniture and vehicles | 24 | €64,520 | €46,868 | -€17,652 | -27.4% |
| Other tangible fixed assets | 26 | €8,669 | €219,176 | +€210,507 | +2,428% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €3,125,122 | €1,980,983 | -€1.1m | -36.6% |
| Amounts receivable after more than one year | 29 | €10,750 | €5,250 | -€5,500 | -51.2% |
| Other amounts receivable | 291 | €10,750 | €5,250 | -€5,500 | -51.2% |
| Stocks and contracts in progress | 3 | €1,744,617 | €1,456,236 | -€288,381 | -16.5% |
| Stocks | 30/36 | €1,744,617 | €1,456,236 | -€288,381 | -16.5% |
| Amounts receivable within one year | 40/41 | €395,143 | €82,259 | -€312,884 | -79.2% |
| Trade receivables | 40 | €316,705 | €73,275 | -€243,431 | -76.9% |
| Other amounts receivable | 41 | €78,437 | €8,984 | -€69,453 | -88.5% |
| Current investments | 50/53 | €21,721 | €11,062 | -€10,659 | -49.1% |
| Cash at bank and in hand | 54/58 | €943,822 | €409,586 | -€534,236 | -56.6% |
| Deferred charges and accrued income | 490/1 | €9,071 | €16,590 | +€7,520 | +82.9% |
| Total equity and liabilities | 10/49 | €3,276,831 | €3,613,898 | +€337,068 | +10.3% |
| Equity | 10/15 | €1,715,840 | €1,511,795 | -€204,045 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,697,240 | €1,493,195 | -€204,045 | -12.0% |
| Distributable reserves | 133 | €1,697,240 | €1,493,195 | -€204,045 | -12.0% |
| Amounts payable | 17/49 | €1,560,991 | €2,102,104 | +€541,113 | +34.7% |
| Amounts payable after more than one year | 17 | €407,992 | €1,141,734 | +€733,742 | +180% |
| Financial debts | 170/4 | €407,992 | €1,141,734 | +€733,742 | +180% |
| Amounts payable within one year | 42/48 | €1,152,999 | €928,254 | -€224,745 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €98,431 | €493,134 | +€394,703 | +401% |
| Financial debts | 43 | €625,000 | €261,402 | -€363,598 | -58.2% |
| Credit institutions | 430/8 | €625,000 | €261,402 | -€363,598 | -58.2% |
| Trade debts | 44 | €39,792 | €101,968 | +€62,176 | +156% |
| Suppliers | 440/4 | €39,792 | €101,968 | +€62,176 | +156% |
| Taxes, remuneration and social security | 45 | €389,776 | €67,406 | -€322,371 | -82.7% |
| Taxes | 450/3 | €338,847 | €27,932 | -€310,915 | -91.8% |
| Remuneration and social security | 454/9 | €50,929 | €39,473 | -€11,456 | -22.5% |
| Other amounts payable | 47/48 | - | €4,346 | +€4,346 | |
| Accrued charges and deferred income | 492/3 | - | €32,115 | +€32,115 | |
| Non-recurring operating income | 76A | €54,205 | - | -€54,205 | |
| Remuneration, social security and pensions | 62 | €399,976 | €461,179 | +€61,203 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,291 | €87,272 | +€37,980 | +77.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,967 | - | +€10,967 | |
| Other operating charges | 640/8 | €43,362 | €14,412 | -€28,949 | -66.8% |
| Gross operating margin | 9900 | €1,055,019 | €456,067 | -€598,952 | -56.8% |
| Operating profit (loss) | 9901 | €573,357 | -€106,796 | -€680,152 | |
| Financial income | 75/76B | €5,350 | €3,696 | -€1,654 | -30.9% |
| Recurring financial income | 75 | €5,350 | €3,696 | -€1,654 | -30.9% |
| Financial charges | 65/66B | €60,655 | €100,499 | +€39,844 | +65.7% |
| Recurring financial charges | 65 | €60,655 | €100,499 | +€39,844 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | €518,052 | -€203,598 | -€721,650 | |
| Income taxes | 67/77 | €146,639 | €447 | -€146,191 | -99.7% |
| Profit (loss) for the period | 9904 | €371,413 | -€204,045 | -€575,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €371,413 | -€204,045 | -€575,458 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.