Rekupp: 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.
What changed
Rekupp
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€96,445
2024 · €278,109-€181,664
Equity
€641,461
2024 · €559,859+€81,602
Cash
€23,908
2024 · €193,181-€169,272
Balance sheet total
€1.6m
2024 · €1.6m+€38,872
Largest movements
Assets
- Receivables within one year +€253,655
up €253,655 (+22.8%), from €1.1m to €1.4m
of which Other amounts receivable: +€306,579
- Cash -€169,272
down €169,272 (-87.6%), from €193,181 to €23,908
mainly Receivables within one year (-€253,655) and Trade debts (-€139,167)
- Intangible fixed assets -€36,400
down €36,400 (-14.7%), from €248,218 to €211,818
Equity and liabilities
- Trade debts -€139,167
down €139,167 (-19.9%), from €699,706 to €560,538
- Accrued charges and deferred income +€95,433
up €95,433 (+35.0%), from €272,371 to €367,804
- Profit (loss) carried forward +€81,602
up €81,602 (+26.1%), from €312,460 to €394,062
Income statement
- Turnover -€2.5m
down €2.5m (-24.6%), from €10.2m to €7.7m
- Services and other goods -€2.4m
down €2.4m (-25.5%), from €9.3m to €6.9m
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
€278,109
Turnover
-€2.5m
Other operating income
+€304
Services and other goods
+€2.4m
Staff costs
-€76,333
Depreciation
+€9,964
Other operating charges
-€33
Financial income
-€35,828
Financial charges
+€19,960
Taxes
+€37,096
Result 2025
€96,445
raises the resultlowers the result
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.
From operations
-€146,797
Investment
-€7,632
Financing
-€14,843
Cash 2024
€193,181
From operations (derived)
-€146,797
Net result for the year
+€96,445
Depreciation
+€54,387
Receivables within one year
-€253,655
Deferred charges and accrued income
-€1,245
Trade debts
-€139,167
Tax, wage and social debts
+€1,005
Accrued charges and deferred income
+€95,433
Investment (derived)
-€7,632
Investment in fixed assets (net)
-€7,632
Financing
-€14,843
Contributions, distributions and other
-€14,843
Cash 2025
€23,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,601,319 | €1,640,191 | +€38,872 | +2.4% |
| Fixed assets | 21/28 | €293,675 | €246,920 | -€46,755 | -15.9% |
| Intangible fixed assets | 21 | €248,218 | €211,818 | -€36,400 | -14.7% |
| Tangible fixed assets | 22/27 | €45,457 | €35,102 | -€10,355 | -22.8% |
| Plant, machinery and equipment | 23 | €2,767 | €3,191 | +€424 | +15.3% |
| Furniture and vehicles | 24 | €42,690 | €31,912 | -€10,778 | -25.2% |
| Current assets | 29/58 | €1,307,644 | €1,393,271 | +€85,627 | +6.5% |
| Amounts receivable within one year | 40/41 | €1,111,618 | €1,365,272 | +€253,655 | +22.8% |
| Trade receivables | 40 | €856,605 | €803,681 | -€52,924 | -6.2% |
| Other amounts receivable | 41 | €255,013 | €561,592 | +€306,579 | +120% |
| Cash at bank and in hand | 54/58 | €193,181 | €23,908 | -€169,272 | -87.6% |
| Deferred charges and accrued income | 490/1 | €2,846 | €4,090 | +€1,245 | +43.7% |
| Total equity and liabilities | 10/49 | €1,601,319 | €1,640,191 | +€38,872 | +2.4% |
| Equity | 10/15 | €559,859 | €641,461 | +€81,602 | +14.6% |
| Contributions | 10/11 | €158,500 | €158,500 | = | 0.0% |
| Capital | 10 | €158,500 | €158,500 | = | 0.0% |
| Issued capital | 100 | €158,500 | €158,500 | = | 0.0% |
| Reserves | 13 | €88,899 | €88,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,850 | €15,850 | = | 0.0% |
| Legal reserve | 130 | €15,850 | €15,850 | = | 0.0% |
| Distributable reserves | 133 | €73,049 | €73,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,460 | €394,062 | +€81,602 | +26.1% |
| Amounts payable | 17/49 | €1,041,460 | €998,730 | -€42,729 | -4.1% |
| Amounts payable within one year | 42/48 | €769,089 | €630,926 | -€138,162 | -18.0% |
| Trade debts | 44 | €699,706 | €560,538 | -€139,167 | -19.9% |
| Suppliers | 440/4 | €699,706 | €560,538 | -€139,167 | -19.9% |
| Taxes, remuneration and social security | 45 | €69,383 | €70,388 | +€1,005 | +1.4% |
| Taxes | 450/3 | €71 | - | -€71 | |
| Remuneration and social security | 454/9 | €69,313 | €70,388 | +€1,076 | +1.6% |
| Accrued charges and deferred income | 492/3 | €272,371 | €367,804 | +€95,433 | +35.0% |
| Operating income | 70/76A | €10,208,627 | €7,697,452 | -€2.5m | -24.6% |
| Turnover | 70 | €10,206,804 | €7,695,324 | -€2.5m | -24.6% |
| Other operating income | 74 | €1,823 | €2,127 | +€304 | +16.7% |
| Operating charges | 60/66A | €9,847,295 | €7,539,011 | -€2.3m | -23.4% |
| Services and other goods | 61 | €9,315,516 | €6,940,830 | -€2.4m | -25.5% |
| Remuneration, social security and pensions | 62 | €466,343 | €542,676 | +€76,333 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,351 | €54,387 | -€9,964 | -15.5% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €361,332 | €158,440 | -€202,892 | -56.2% |
| Financial income | 75/76B | €123,482 | €87,654 | -€35,828 | -29.0% |
| Recurring financial income | 75 | €123,482 | €87,654 | -€35,828 | -29.0% |
| Income from current assets | 751 | €13,522 | €10,179 | -€3,343 | -24.7% |
| Other financial income | 752/9 | €109,960 | €77,475 | -€32,486 | -29.5% |
| Financial charges | 65/66B | €129,784 | €109,824 | -€19,960 | -15.4% |
| Recurring financial charges | 65 | €129,784 | €109,824 | -€19,960 | -15.4% |
| Other financial charges | 652/9 | €129,784 | €109,824 | -€19,960 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €355,030 | €136,270 | -€218,760 | -61.6% |
| Income taxes | 67/77 | €76,922 | €39,825 | -€37,096 | -48.2% |
| Taxes | 670/3 | €77,876 | €40,001 | -€37,874 | -48.6% |
| Tax adjustments and reversals of tax provisions | 77 | €954 | €176 | -€778 | -81.6% |
| Profit (loss) for the period | 9904 | €278,109 | €96,445 | -€181,664 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €278,109 | €96,445 | -€181,664 | -65.3% |
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.