"REKZ": 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.
"REKZ"
Largest movements
- Receivables within one year +€48,185
up €48,185 (+38.6%), from €124,770 to €172,955
of which Other amounts receivable: +€48,111
- Intangible fixed assets -€27,405
down €27,405 (-14.3%), from €191,507 to €164,102
- Cash -€18,316
down €18,316 (-30.3%), from €60,371 to €42,055
mainly Receivables within one year (-€48,185) and Debts after one year (-€21,546)
- Reserves +€101,310
up €101,310 (+307.5%), from €32,948 to €134,258
- Profit (loss) carried forward -€96,831
no longer reported in 2024 (was €96,831)
- Tax, wage and social debts +€42,840
up €42,840 (+647.0%), from €6,621 to €49,461
of which Taxes: +€43,678
- Debts after one year -€21,546
down €21,546 (-13.3%), from €161,615 to €140,069
- Current portion of long-term debt -€14,665
down €14,665 (-36.3%), from €40,372 to €25,707
- Financial charges -€40,977
down €40,977 (-80.4%), from €50,981 to €10,004
- Taxes +€28,421
up €28,421 (+133.6%), from €21,278 to €49,699
- Staff costs +€17,501
up €17,501 (+12.2%), from €142,899 to €160,400
- Gross operating margin -€13,155
down €13,155 (-4.7%), from €279,194 to €266,039
- Financial income -€6,814
down €6,814 (-99.9%), from €6,820 to €6
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 | €411,756 | €419,415 | +€7,659 | +1.9% |
| Fixed assets | 21/28 | €223,857 | €200,263 | -€23,594 | -10.5% |
| Intangible fixed assets | 21 | €191,507 | €164,102 | -€27,405 | -14.3% |
| Tangible fixed assets | 22/27 | €32,350 | €36,161 | +€3,811 | +11.8% |
| Land and buildings | 22 | €22,027 | €18,786 | -€3,241 | -14.7% |
| Plant, machinery and equipment | 23 | €3,117 | €4,207 | +€1,090 | +35.0% |
| Furniture and vehicles | 24 | €7,206 | €13,168 | +€5,962 | +82.7% |
| Current assets | 29/58 | €187,899 | €219,152 | +€31,253 | +16.6% |
| Stocks and contracts in progress | 3 | €2,758 | €2,832 | +€74 | +2.7% |
| Stocks | 30/36 | €2,758 | €2,832 | +€74 | +2.7% |
| Amounts receivable within one year | 40/41 | €124,770 | €172,955 | +€48,185 | +38.6% |
| Trade receivables | 40 | - | €74 | +€74 | |
| Other amounts receivable | 41 | €124,770 | €172,881 | +€48,111 | +38.6% |
| Cash at bank and in hand | 54/58 | €60,371 | €42,055 | -€18,316 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €1,310 | +€1,310 | |
| Total equity and liabilities | 10/49 | €411,756 | €419,415 | +€7,659 | +1.9% |
| Equity | 10/15 | €154,779 | €159,258 | +€4,479 | +2.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Outside capital | 11 | €25,000 | - | -€25,000 | |
| Share premium | 1100/10 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €32,948 | €134,258 | +€101,310 | +307.5% |
| Distributable reserves | 133 | €32,948 | €134,258 | +€101,310 | +307.5% |
| Profit (loss) carried forward | 14 | €96,831 | - | -€96,831 | |
| Amounts payable | 17/49 | €256,977 | €260,157 | +€3,180 | +1.2% |
| Amounts payable after more than one year | 17 | €161,615 | €140,069 | -€21,546 | -13.3% |
| Financial debts | 170/4 | €161,615 | €140,069 | -€21,546 | -13.3% |
| Amounts payable within one year | 42/48 | €95,362 | €120,088 | +€24,726 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €40,372 | €25,707 | -€14,665 | -36.3% |
| Trade debts | 44 | €48,285 | €39,920 | -€8,365 | -17.3% |
| Suppliers | 440/4 | €48,285 | €39,920 | -€8,365 | -17.3% |
| Taxes, remuneration and social security | 45 | €6,621 | €49,461 | +€42,840 | +647.0% |
| Taxes | 450/3 | - | €43,678 | +€43,678 | |
| Remuneration and social security | 454/9 | €6,621 | €5,783 | -€838 | -12.7% |
| Other amounts payable | 47/48 | €84 | €5,000 | +€4,916 | +5852.4% |
| Remuneration, social security and pensions | 62 | €142,899 | €160,400 | +€17,501 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,800 | €33,229 | -€571 | -1.7% |
| Other operating charges | 640/8 | €4,108 | €8,234 | +€4,126 | +100.4% |
| Gross operating margin | 9900 | €279,194 | €266,039 | -€13,155 | -4.7% |
| Operating profit (loss) | 9901 | €98,387 | €64,176 | -€34,211 | -34.8% |
| Financial income | 75/76B | €6,820 | €6 | -€6,814 | -99.9% |
| Recurring financial income | 75 | €6,820 | €6 | -€6,814 | -99.9% |
| Financial charges | 65/66B | €50,981 | €10,004 | -€40,977 | -80.4% |
| Recurring financial charges | 65 | €50,981 | €10,004 | -€40,977 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €54,226 | €54,178 | -€48 | -0.1% |
| Income taxes | 67/77 | €21,278 | €49,699 | +€28,421 | +133.6% |
| Profit (loss) for the period | 9904 | €32,948 | €4,479 | -€28,469 | -86.4% |
| Transfer to tax-exempt reserves | 689 | €32,948 | - | -€32,948 | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €4,479 | +€4,479 |
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 8 October 2026 via checked.be.