REKEG Solutions: what changed
What changed
REKEG Solutions
NACE 25.910, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
-€10,228
2024 · -€22,238+€12,010
Equity
-€2,736
2024 · €13,908-€16,644
Cash
€7,750
2024 · €76,435-€68,685
Balance sheet total
€295,402
2024 · €218,161+€77,240
Largest movements
Assets
- Tangible fixed assets +€152,009
up €152,009 (+694%), from €21,918 to €173,927
- Cash -€68,685
down €68,685 (-89.9%), from €76,435 to €7,750
mainly Investment in fixed assets (net) (-€166,739) and Net result for the year (-€10,228)
- Stocks and contracts -€10,188
down €10,188 (-21.5%), from €47,488 to €37,300
Equity and liabilities
- Debts after one year +€84,477
up €84,477 (+45.1%), from €187,373 to €271,850
- Profit (loss) carried forward -€10,228
down €10,228 (-10.6%), from -€96,092 to -€106,320
- Accrued charges and deferred income +€8,880
up €8,880 (+123%), from €7,224 to €16,104
- Investment grants -€6,416
down €6,416 (-6.4%), from €100,000 to €93,584
Income statement
- Depreciation +€10,026
up €10,026 (+459%), from €2,184 to €12,210
- Gross operating margin +€9,240
up €9,240, from -€3,620 to €5,620
- Write-downs -€8,216
down €8,216 (-100%), from €8,216 to €0
- Financial income +€6,056
up €6,056 (+638%), from €949 to €7,005
- Financial charges +€2,171
up €2,171 (+28.3%), from €7,674 to €9,845
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
-€22,238
Gross operating margin
+€9,240
Depreciation
-€10,026
Write-downs
+€8,216
Other operating charges
+€694
Financial income
+€6,056
Financial charges
-€2,171
Result 2025
-€10,228
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
+€19,993
Investment
-€166,739
Financing
+€78,061
Cash 2024
€76,435
From operations (derived)
+€19,993
Net result for the year
-€10,228
Depreciation
+€12,210
Stocks and contracts
+€10,188
Receivables within one year
-€1,584
Trade debts
+€457
Smaller working-capital items
+€71
Accrued charges and deferred income
+€8,880
Investment (derived)
-€166,739
Investment in fixed assets (net)
-€166,739
Financing
+€78,061
Debts after one year
+€84,477
Contributions, distributions and other
-€6,416
Cash 2025
€7,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,161 | €295,402 | +€77,240 | +35.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,328 | €176,857 | +€154,529 | +692% |
| Intangible fixed assets | 21 | €410 | €81 | -€330 | -80.4% |
| Tangible fixed assets | 22/27 | €21,918 | €173,927 | +€152,009 | +694% |
| Plant, machinery and equipment | 23 | €21,918 | €173,927 | +€152,009 | +694% |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €195,834 | €118,545 | -€77,289 | -39.5% |
| Stocks and contracts in progress | 3 | €47,488 | €37,300 | -€10,188 | -21.5% |
| Stocks | 30/36 | €47,488 | €37,300 | -€10,188 | -21.5% |
| Amounts receivable within one year | 40/41 | €71,910 | €73,495 | +€1,584 | +2.2% |
| Trade receivables | 40 | €6,043 | €44,950 | +€38,907 | +644% |
| Other amounts receivable | 41 | €65,867 | €28,545 | -€37,323 | -56.7% |
| Cash at bank and in hand | 54/58 | €76,435 | €7,750 | -€68,685 | -89.9% |
| Total equity and liabilities | 10/49 | €218,161 | €295,402 | +€77,240 | +35.4% |
| Equity | 10/15 | €13,908 | -€2,736 | -€16,644 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,092 | -€106,320 | -€10,228 | -10.6% |
| Investment grants | 15 | €100,000 | €93,584 | -€6,416 | -6.4% |
| Amounts payable | 17/49 | €204,253 | €298,138 | +€93,885 | +46.0% |
| Amounts payable after more than one year | 17 | €187,373 | €271,850 | +€84,477 | +45.1% |
| Financial debts | 170/4 | €187,373 | €271,850 | +€84,477 | +45.1% |
| Amounts payable within one year | 42/48 | €9,656 | €10,184 | +€528 | +5.5% |
| Trade debts | 44 | €6,558 | €7,015 | +€457 | +7.0% |
| Suppliers | 440/4 | €6,558 | €7,015 | +€457 | +7.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €445 | €458 | +€13 | +2.8% |
| Taxes | 450/3 | €445 | €458 | +€13 | +2.8% |
| Other amounts payable | 47/48 | €2,654 | €2,712 | +€58 | +2.2% |
| Accrued charges and deferred income | 492/3 | €7,224 | €16,104 | +€8,880 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,184 | €12,210 | +€10,026 | +459% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,216 | €0 | -€8,216 | -100% |
| Other operating charges | 640/8 | €1,493 | €799 | -€694 | -46.5% |
| Gross operating margin | 9900 | -€3,620 | €5,620 | +€9,240 | |
| Operating profit (loss) | 9901 | -€15,513 | -€7,389 | +€8,125 | +52.4% |
| Financial income | 75/76B | €949 | €7,005 | +€6,056 | +638% |
| Recurring financial income | 75 | €949 | €7,005 | +€6,056 | +638% |
| Financial charges | 65/66B | €7,674 | €9,845 | +€2,171 | +28.3% |
| Recurring financial charges | 65 | €7,674 | €9,845 | +€2,171 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,238 | -€10,228 | +€12,010 | +54.0% |
| Profit (loss) for the period | 9904 | -€22,238 | -€10,228 | +€12,010 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,238 | -€10,228 | +€12,010 | +54.0% |
Next steps
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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 4 November 2026 via checked.be.