Rekub: what changed
Two financial 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.
Rekub
Largest movements
- Cash +€6,987
up €6,987 (+183%), from €3,817 to €10,804
mainly Net result for the year (+€13,731) and Tax, wage and social debts (+€3,100)
- Tangible fixed assets +€4,170
up €4,170 (+91.5%), from €4,558 to €8,728
of which Other tangible fixed assets: +€5,926
- Receivables within one year +€3,845
up €3,845 (+186%), from €2,070 to €5,915
of which Trade receivables: +€3,845
- Deferred charges and accrued income +€439
up €439 (+135%), from €325 to €764
- Reserves +€13,731
new in 2025: €13,731
- Tax, wage and social debts +€3,100
up €3,100 (+273%), from €1,137 to €4,237
- Other debts -€2,735
down €2,735 (-35.9%), from €7,617 to €4,883
- Trade debts +€1,205
up €1,205 (+367%), from €328 to €1,534
- Accrued charges and deferred income +€380
new in 2025: €380
- Gross operating margin +€12,295
up €12,295 (+118%), from €10,417 to €22,712
- Taxes +€4,436
up €4,436 (+648%), from €684 to €5,121
- Other operating charges +€530
up €530 (+105%), from €505 to €1,036
- Depreciation +€424
up €424 (+23.7%), from €1,788 to €2,211
- Financial charges -€264
down €264 (-26.4%), from €997 to €733
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,396 | €28,078 | +€15,682 | +127% |
| Fixed assets | 21/28 | €4,558 | €8,728 | +€4,170 | +91.5% |
| Tangible fixed assets | 22/27 | €4,558 | €8,728 | +€4,170 | +91.5% |
| Plant, machinery and equipment | 23 | €2,484 | €1,104 | -€1,380 | -55.6% |
| Furniture and vehicles | 24 | €997 | €621 | -€376 | -37.7% |
| Other tangible fixed assets | 26 | €1,077 | €7,003 | +€5,926 | +550% |
| Current assets | 29/58 | €7,838 | €19,350 | +€11,512 | +147% |
| Stocks and contracts in progress | 3 | €1,627 | €1,868 | +€241 | +14.8% |
| Stocks | 30/36 | €1,627 | €1,868 | +€241 | +14.8% |
| Amounts receivable within one year | 40/41 | €2,070 | €5,915 | +€3,845 | +186% |
| Trade receivables | 40 | €2,070 | €5,915 | +€3,845 | +186% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,817 | €10,804 | +€6,987 | +183% |
| Deferred charges and accrued income | 490/1 | €325 | €764 | +€439 | +135% |
| Total equity and liabilities | 10/49 | €12,396 | €28,078 | +€15,682 | +127% |
| Equity | 10/15 | €3,313 | €17,044 | +€13,731 | +414% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €13,731 | +€13,731 | |
| Distributable reserves | 133 | - | €13,731 | +€13,731 | |
| Profit (loss) carried forward | 14 | €313 | €313 | = | 0.0% |
| Amounts payable | 17/49 | €9,083 | €11,033 | +€1,951 | +21.5% |
| Amounts payable within one year | 42/48 | €9,083 | €10,653 | +€1,571 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €328 | €1,534 | +€1,205 | +367% |
| Suppliers | 440/4 | €328 | €1,534 | +€1,205 | +367% |
| Taxes, remuneration and social security | 45 | €1,137 | €4,237 | +€3,100 | +273% |
| Taxes | 450/3 | €1,137 | €4,237 | +€3,100 | +273% |
| Other amounts payable | 47/48 | €7,617 | €4,883 | -€2,735 | -35.9% |
| Accrued charges and deferred income | 492/3 | - | €380 | +€380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €2,211 | +€424 | +23.7% |
| Other operating charges | 640/8 | €505 | €1,036 | +€530 | +105% |
| Gross operating margin | 9900 | €10,417 | €22,712 | +€12,295 | +118% |
| Operating profit (loss) | 9901 | €8,124 | €19,465 | +€11,341 | +140% |
| Financial income | 75/76B | €10 | €120 | +€110 | +1,111% |
| Recurring financial income | 75 | €10 | €120 | +€110 | +1,111% |
| Financial charges | 65/66B | €997 | €733 | -€264 | -26.4% |
| Recurring financial charges | 65 | €997 | €733 | -€264 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €7,138 | €18,852 | +€11,714 | +164% |
| Income taxes | 67/77 | €684 | €5,121 | +€4,436 | +648% |
| Profit (loss) for the period | 9904 | €6,453 | €13,731 | +€7,278 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €6,453 | €13,731 | +€7,278 | +113% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.