REC'N ROLL: 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
REC'N ROLL
NACE 59.111, Production of cinema films
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€107,398
2023 · €20,473-€127,870
Equity
€226,071
2023 · €339,944-€113,872
Cash
€60
2023 · €21+€38
Balance sheet total
€1.1m
2023 · €1.3m-€229,633
Largest movements
Assets
- Receivables within one year -€189,347
down €189,347 (-60.9%), from €310,901 to €121,554
of which Trade receivables: -€109,847
- Tangible fixed assets -€43,084
down €43,084 (-4.3%), from €999,222 to €956,138
of which Land and buildings: -€32,307
Equity and liabilities
- Profit (loss) carried forward -€107,398
down €107,398 (-41.6%), from €257,976 to €150,578
- Provisions -€47,220
no longer reported in 2024 (was €47,220)
- Trade debts -€40,670
down €40,670 (-30.2%), from €134,835 to €94,165
- Debts after one year -€21,348
down €21,348 (-4.2%), from €502,815 to €481,468
- Short-term financial debts +€19,383
up €19,383 (+25.4%), from €76,273 to €95,657
Income statement
- Gross operating margin -€193,717
down €193,717, from €143,289 to -€50,428
- Write-downs -€47,220
new in 2024: -€47,220
- Staff costs -€20,556
no longer reported in 2024 (was €20,556)
- Other operating charges +€8,051
up €8,051 (+25.0%), from €32,196 to €40,246
- Financial charges +€6,167
up €6,167 (+27.5%), from €22,442 to €28,608
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.
Result 2023
€20,473
Gross operating margin
-€193,717
Staff costs
+€20,556
Depreciation
+€404
Write-downs
+€47,220
Other operating charges
-€8,051
Other operating items
+€10,610
Financial income
+€1,274
Financial charges
-€6,167
Result 2024
-€107,398
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€16,023
Investment
€0
Financing
-€15,985
Cash 2023
€21
From operations (derived)
+€16,023
Net result for the year
-€107,398
Depreciation
+€43,084
Receivables within one year
+€189,347
Deferred charges and accrued income
-€2,760
Provisions
-€47,220
Trade debts
-€40,670
Tax, wage and social debts
-€13,962
Other debts
-€4,399
Financing
-€15,985
Debts after one year
-€21,348
Current portion of long-term debt
-€7,547
Short-term financial debts
+€19,383
Contributions, distributions and other
-€6,475
Cash 2024
€60
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,312,879 | €1,083,246 | -€229,633 | -17.5% |
| Fixed assets | 21/28 | €1,001,022 | €957,938 | -€43,084 | -4.3% |
| Tangible fixed assets | 22/27 | €999,222 | €956,138 | -€43,084 | -4.3% |
| Land and buildings | 22 | €955,020 | €922,713 | -€32,307 | -3.4% |
| Plant, machinery and equipment | 23 | €1,802 | €1,400 | -€402 | -22.3% |
| Furniture and vehicles | 24 | €30,307 | €21,399 | -€8,908 | -29.4% |
| Other tangible fixed assets | 26 | €12,093 | €10,626 | -€1,467 | -12.1% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €311,857 | €125,308 | -€186,549 | -59.8% |
| Amounts receivable within one year | 40/41 | €310,901 | €121,554 | -€189,347 | -60.9% |
| Trade receivables | 40 | €206,357 | €96,510 | -€109,847 | -53.2% |
| Other amounts receivable | 41 | €104,544 | €25,044 | -€79,500 | -76.0% |
| Cash at bank and in hand | 54/58 | €21 | €60 | +€38 | +178% |
| Deferred charges and accrued income | 490/1 | €935 | €3,695 | +€2,760 | +295% |
| Total equity and liabilities | 10/49 | €1,312,879 | €1,083,246 | -€229,633 | -17.5% |
| Equity | 10/15 | €339,944 | €226,071 | -€113,872 | -33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,976 | €150,578 | -€107,398 | -41.6% |
| Investment grants | 15 | €61,508 | €55,034 | -€6,475 | -10.5% |
| Provisions and deferred taxes | 16 | €47,220 | - | -€47,220 | |
| Provisions for liabilities and charges | 160/5 | €47,220 | - | -€47,220 | |
| Other liabilities and charges | 164/5 | €47,220 | - | -€47,220 | |
| Amounts payable | 17/49 | €925,716 | €857,175 | -€68,541 | -7.4% |
| Amounts payable after more than one year | 17 | €502,815 | €481,468 | -€21,348 | -4.2% |
| Financial debts | 170/4 | €502,815 | €481,468 | -€21,348 | -4.2% |
| Amounts payable within one year | 42/48 | €422,900 | €375,707 | -€47,194 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €138,674 | €131,127 | -€7,547 | -5.4% |
| Financial debts | 43 | €76,273 | €95,657 | +€19,383 | +25.4% |
| Credit institutions | 430/8 | €76,273 | €95,657 | +€19,383 | +25.4% |
| Trade debts | 44 | €134,835 | €94,165 | -€40,670 | -30.2% |
| Suppliers | 440/4 | €134,835 | €94,165 | -€40,670 | -30.2% |
| Advances received on contracts in progress | 46 | €484 | €484 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €35,224 | €21,262 | -€13,962 | -39.6% |
| Taxes | 450/3 | €24,946 | €4,839 | -€20,106 | -80.6% |
| Remuneration and social security | 454/9 | €10,278 | €16,423 | +€6,144 | +59.8% |
| Other amounts payable | 47/48 | €37,411 | €33,012 | -€4,399 | -11.8% |
| Non-recurring operating income | 76A | - | €11,970 | +€11,970 | |
| Remuneration, social security and pensions | 62 | €20,556 | - | -€20,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,488 | €43,084 | -€404 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€47,220 | -€47,220 | |
| Other operating charges | 640/8 | €32,196 | €40,246 | +€8,051 | +25.0% |
| Non-recurring operating charges | 66A | €10,610 | - | -€10,610 | |
| Gross operating margin | 9900 | €143,289 | -€50,428 | -€193,717 | |
| Operating profit (loss) | 9901 | €36,440 | -€86,538 | -€122,978 | |
| Financial income | 75/76B | €6,475 | €7,749 | +€1,274 | +19.7% |
| Recurring financial income | 75 | €6,475 | €7,749 | +€1,274 | +19.7% |
| Financial charges | 65/66B | €22,442 | €28,608 | +€6,167 | +27.5% |
| Recurring financial charges | 65 | €22,442 | €28,608 | +€6,167 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €20,473 | -€107,398 | -€127,870 | |
| Profit (loss) for the period | 9904 | €20,473 | -€107,398 | -€127,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,473 | -€107,398 | -€127,870 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.