RecreaCo: 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
RecreaCo
NACE 55.202, Accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€360,932
2024 · €306,348+€54,584
Equity
€996,761
2024 · €1.0m-€13,068
Cash
€487
2024 · €953-€466
Balance sheet total
€1.3m
2024 · €1.3m+€7,455
Largest movements
Assets
- Receivables within one year +€36,200
up €36,200 (+19.3%), from €187,935 to €224,135
- Tangible fixed assets -€28,000
down €28,000 (-2.6%), from €1.1m to €1.0m
Equity and liabilities
- Debts after one year +€22,500
up €22,500 (+19.1%), from €118,100 to €140,600
- Reserves -€13,068
down €13,068 (-1.6%), from €828,660 to €815,591
of which Tax-exempt reserves: -€13,464
Income statement
- Gross operating margin +€62,806
up €62,806 (+14.3%), from €440,258 to €503,064
- Taxes +€18,271
up €18,271 (+17.1%), from €107,091 to €125,362
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
€306,348
Gross operating margin
+€62,806
Other operating charges
-€290
Other operating items
+€7,230
Financial income
+€3,199
Financial charges
-€90
Taxes
-€18,271
Result 2025
€360,932
raises the resultlowers the resultnot broken down further in the accounts
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
+€351,034
Investment
€0
Financing
-€351,500
Cash 2024
€953
From operations (derived)
+€351,034
Net result for the year
+€360,932
Depreciation
+€28,000
Receivables within one year
-€36,200
Smaller working-capital items
+€231
Provisions
-€4,488
Trade debts
-€6,739
Tax, wage and social debts
+€9,299
Financing
-€351,500
Debts after one year
+€22,500
Contributions, distributions and other
-€374,000
Cash 2025
€487
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,260,645 | €1,268,100 | +€7,455 | +0.6% |
| Fixed assets | 21/28 | €1,070,972 | €1,042,972 | -€28,000 | -2.6% |
| Tangible fixed assets | 22/27 | €1,070,722 | €1,042,722 | -€28,000 | -2.6% |
| Land and buildings | 22 | €1,070,722 | €1,042,722 | -€28,000 | -2.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €189,673 | €225,128 | +€35,455 | +18.7% |
| Amounts receivable within one year | 40/41 | €187,935 | €224,135 | +€36,200 | +19.3% |
| Other amounts receivable | 41 | €187,935 | €224,135 | +€36,200 | +19.3% |
| Cash at bank and in hand | 54/58 | €953 | €487 | -€466 | -48.9% |
| Deferred charges and accrued income | 490/1 | €785 | €506 | -€279 | -35.5% |
| Total equity and liabilities | 10/49 | €1,260,645 | €1,268,100 | +€7,455 | +0.6% |
| Equity | 10/15 | €1,009,829 | €996,761 | -€13,068 | -1.3% |
| Contributions | 10/11 | €181,170 | €181,170 | = | 0.0% |
| Reserves | 13 | €828,660 | €815,591 | -€13,068 | -1.6% |
| Tax-exempt reserves | 132 | €822,458 | €808,994 | -€13,464 | -1.6% |
| Distributable reserves | 133 | €6,202 | €6,598 | +€396 | +6.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €58,346 | €53,858 | -€4,488 | -7.7% |
| Deferred taxes | 168 | €58,346 | €53,858 | -€4,488 | -7.7% |
| Amounts payable | 17/49 | €192,470 | €217,481 | +€25,012 | +13.0% |
| Amounts payable after more than one year | 17 | €118,100 | €140,600 | +€22,500 | +19.1% |
| Other amounts payable | 178/9 | €118,100 | €140,600 | +€22,500 | +19.1% |
| Amounts payable within one year | 42/48 | €74,370 | €76,881 | +€2,512 | +3.4% |
| Trade debts | 44 | €19,403 | €12,664 | -€6,739 | -34.7% |
| Suppliers | 440/4 | €19,403 | €12,664 | -€6,739 | -34.7% |
| Taxes, remuneration and social security | 45 | €45,919 | €55,217 | +€9,299 | +20.3% |
| Taxes | 450/3 | €45,919 | €55,217 | +€9,299 | +20.3% |
| Other amounts payable | 47/48 | €9,048 | €9,000 | -€48 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,000 | €28,000 | = | 0.0% |
| Other operating charges | 640/8 | €7,296 | €7,586 | +€290 | +4.0% |
| Non-recurring operating charges | 66A | €7,230 | €0 | -€7,230 | -100% |
| Gross operating margin | 9900 | €440,258 | €503,064 | +€62,806 | +14.3% |
| Operating profit (loss) | 9901 | €397,732 | €467,478 | +€69,746 | +17.5% |
| Financial income | 75/76B | €11,404 | €14,603 | +€3,199 | +28.1% |
| Recurring financial income | 75 | €11,404 | €14,603 | +€3,199 | +28.1% |
| Financial charges | 65/66B | €185 | €275 | +€90 | +48.5% |
| Recurring financial charges | 65 | €185 | €275 | +€90 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €408,951 | €481,806 | +€72,855 | +17.8% |
| Transfer from deferred taxes | 780 | €4,488 | €4,488 | = | 0.0% |
| Income taxes | 67/77 | €107,091 | €125,362 | +€18,271 | +17.1% |
| Profit (loss) for the period | 9904 | €306,348 | €360,932 | +€54,584 | +17.8% |
| Transfer from tax-exempt reserves | 789 | €13,464 | €13,464 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €319,812 | €374,396 | +€54,584 | +17.1% |
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 25 October 2026 via checked.be.