REKER: 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.
REKER
Largest movements
- Tangible fixed assets +€652,390
up €652,390 (+58.4%), from €1.1m to €1.8m
of which Other tangible fixed assets: +€681,182
- Receivables within one year -€338,465
down €338,465 (-91.3%), from €370,679 to €32,214
of which Other amounts receivable: -€301,834
- Reserves +€297,988
up €297,988 (+13.8%), from €2.2m to €2.5m
of which Distributable reserves: +€297,988
- Gross operating margin +€411,851
up €411,851 (+526.7%), from €78,192 to €490,043
- Taxes +€128,980
up €128,980 (+1054.4%), from €12,232 to €141,212
- Other operating charges +€15,143
up €15,143 (+900.1%), from €1,682 to €16,825
- Write-downs -€15,000
new in 2024: -€15,000
- Financial charges +€5,315
up €5,315 (+35.6%), from €14,920 to €20,236
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 | €2,264,966 | €2,582,966 | +€318,001 | +14.0% |
| Fixed assets | 21/28 | €1,118,014 | €1,770,404 | +€652,390 | +58.4% |
| Tangible fixed assets | 22/27 | €1,118,014 | €1,770,404 | +€652,390 | +58.4% |
| Furniture and vehicles | 24 | €122,629 | €93,837 | -€28,792 | -23.5% |
| Other tangible fixed assets | 26 | €995,385 | €1,676,567 | +€681,182 | +68.4% |
| Current assets | 29/58 | €1,146,952 | €812,563 | -€334,389 | -29.2% |
| Amounts receivable within one year | 40/41 | €370,679 | €32,214 | -€338,465 | -91.3% |
| Trade receivables | 40 | €67,518 | €30,887 | -€36,631 | -54.3% |
| Other amounts receivable | 41 | €303,162 | €1,327 | -€301,834 | -99.6% |
| Cash at bank and in hand | 54/58 | €773,923 | €777,953 | +€4,031 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,350 | €2,396 | +€46 | +1.9% |
| Total equity and liabilities | 10/49 | €2,264,966 | €2,582,966 | +€318,001 | +14.0% |
| Equity | 10/15 | €2,222,853 | €2,520,842 | +€297,988 | +13.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,160,853 | €2,458,842 | +€297,988 | +13.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,154,653 | €2,452,642 | +€297,988 | +13.8% |
| Amounts payable | 17/49 | €42,112 | €62,125 | +€20,012 | +47.5% |
| Amounts payable within one year | 42/48 | €42,112 | €62,125 | +€20,012 | +47.5% |
| Trade debts | 44 | €971 | €125 | -€847 | -87.2% |
| Suppliers | 440/4 | €971 | €125 | -€847 | -87.2% |
| Taxes, remuneration and social security | 45 | €1,110 | €12,562 | +€11,452 | +1031.7% |
| Taxes | 450/3 | €1,110 | €12,562 | +€11,452 | +1031.7% |
| Other amounts payable | 47/48 | €40,031 | €49,438 | +€9,407 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,775 | €28,792 | +€1,017 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€15,000 | -€15,000 | |
| Other operating charges | 640/8 | €1,682 | €16,825 | +€15,143 | +900.1% |
| Gross operating margin | 9900 | €78,192 | €490,043 | +€411,851 | +526.7% |
| Operating profit (loss) | 9901 | €48,735 | €459,425 | +€410,690 | +842.7% |
| Financial income | 75/76B | €11 | €11 | +€0 | +4.1% |
| Recurring financial income | 75 | €11 | €11 | +€0 | +4.1% |
| Financial charges | 65/66B | €14,920 | €20,236 | +€5,315 | +35.6% |
| Recurring financial charges | 65 | €14,920 | €20,236 | +€5,315 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €33,825 | €439,201 | +€405,376 | +1198.4% |
| Income taxes | 67/77 | €12,232 | €141,212 | +€128,980 | +1054.4% |
| Profit (loss) for the period | 9904 | €21,593 | €297,988 | +€276,396 | +1280.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,593 | €297,988 | +€276,396 | +1280.1% |
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 1 October 2026 via checked.be.