REYCAM: 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.
REYCAM
Largest movements
- Tangible fixed assets -€26,446
down €26,446 (-8.1%), from €327,715 to €301,269
of which Land and buildings: -€20,717
- Receivables within one year +€5,292
up €5,292 (+25.9%), from €20,401 to €25,693
of which Other amounts receivable: +€17,527
- Profit (loss) carried forward +€49,240
up €49,240 (+183.7%), from €26,801 to €76,041
- Debts after one year -€39,193
down €39,193 (-19.9%), from €196,687 to €157,493
- Other debts -€27,778
no longer reported in 2025 (was €27,778)
- Current portion of long-term debt +€12,025
up €12,025 (+32.2%), from €37,301 to €49,325
- Tax, wage and social debts -€10,497
down €10,497 (-81.2%), from €12,929 to €2,432
- Gross operating margin +€11,927
up €11,927 (+11.2%), from €106,075 to €118,002
- Other operating charges -€5,728
down €5,728 (-34.3%), from €16,712 to €10,984
- Taxes +€4,503
up €4,503 (+34.8%), from €12,929 to €17,432
- Financial charges -€2,326
down €2,326 (-17.1%), from €13,600 to €11,273
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.
Cash bridge derived
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 | €348,311 | €327,392 | -€20,919 | -6.0% |
| Fixed assets | 21/28 | €327,715 | €301,269 | -€26,446 | -8.1% |
| Tangible fixed assets | 22/27 | €327,715 | €301,269 | -€26,446 | -8.1% |
| Land and buildings | 22 | €317,710 | €296,993 | -€20,717 | -6.5% |
| Furniture and vehicles | 24 | €10,004 | €4,276 | -€5,729 | -57.3% |
| Current assets | 29/58 | €20,596 | €26,123 | +€5,527 | +26.8% |
| Amounts receivable within one year | 40/41 | €20,401 | €25,693 | +€5,292 | +25.9% |
| Trade receivables | 40 | €14,413 | €2,178 | -€12,235 | -84.9% |
| Other amounts receivable | 41 | €5,988 | €23,515 | +€17,527 | +292.7% |
| Cash at bank and in hand | 54/58 | - | €226 | +€226 | |
| Deferred charges and accrued income | 490/1 | €195 | €204 | +€9 | +4.6% |
| Total equity and liabilities | 10/49 | €348,311 | €327,392 | -€20,919 | -6.0% |
| Equity | 10/15 | €67,657 | €116,897 | +€49,240 | +72.8% |
| Contributions | 10/11 | €40,856 | €40,856 | = | 0.0% |
| Outside capital | 11 | €40,856 | - | -€40,856 | |
| Other | 1109/19 | €40,856 | - | -€40,856 | |
| Profit (loss) carried forward | 14 | €26,801 | €76,041 | +€49,240 | +183.7% |
| Amounts payable | 17/49 | €280,654 | €210,495 | -€70,160 | -25.0% |
| Amounts payable after more than one year | 17 | €196,687 | €157,493 | -€39,193 | -19.9% |
| Financial debts | 170/4 | €196,687 | €157,493 | -€39,193 | -19.9% |
| Amounts payable within one year | 42/48 | €83,968 | €53,001 | -€30,966 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €37,301 | €49,325 | +€12,025 | +32.2% |
| Financial debts | 43 | €561 | - | -€561 | |
| Credit institutions | 430/8 | €561 | - | -€561 | |
| Trade debts | 44 | €3,149 | €1,244 | -€1,905 | -60.5% |
| Suppliers | 440/4 | €3,149 | €1,244 | -€1,905 | -60.5% |
| Advances received on contracts in progress | 46 | €2,251 | - | -€2,251 | |
| Taxes, remuneration and social security | 45 | €12,929 | €2,432 | -€10,497 | -81.2% |
| Taxes | 450/3 | €12,929 | €2,432 | -€10,497 | -81.2% |
| Other amounts payable | 47/48 | €27,778 | - | -€27,778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,394 | €29,490 | +€96 | +0.3% |
| Other operating charges | 640/8 | €16,712 | €10,984 | -€5,728 | -34.3% |
| Gross operating margin | 9900 | €106,075 | €118,002 | +€11,927 | +11.2% |
| Operating profit (loss) | 9901 | €59,969 | €77,528 | +€17,559 | +29.3% |
| Financial income | 75/76B | - | €418 | +€418 | |
| Recurring financial income | 75 | - | €418 | +€418 | |
| Financial charges | 65/66B | €13,600 | €11,273 | -€2,326 | -17.1% |
| Recurring financial charges | 65 | €13,600 | €11,273 | -€2,326 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €46,369 | €66,672 | +€20,303 | +43.8% |
| Income taxes | 67/77 | €12,929 | €17,432 | +€4,503 | +34.8% |
| Profit (loss) for the period | 9904 | €33,440 | €49,240 | +€15,800 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,440 | €49,240 | +€15,800 | +47.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.