Récréalle: 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
Récréalle
NACE 56.301, Cafés and bars
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€169,247
31-12-2024 · -€49,947-€119,301
Equity
€115,291
31-12-2024 · €269,155-€153,864
Cash
€7,534
31-12-2024 · €68,238-€60,705
Balance sheet total
€983,186
31-12-2024 · €1.0m-€37,258
Largest movements
Assets
- Cash -€60,705
down €60,705 (-89.0%), from €68,238 to €7,534
mainly Net result for the year (-€169,247) and Investment in fixed assets (net) (-€106,316)
- Tangible fixed assets +€37,067
up €37,067 (+4.7%), from €785,926 to €822,993
of which Assets under construction and advance payments: +€21,841
Equity and liabilities
- Profit (loss) carried forward -€169,247
down €169,247 (-175%), from -€96,924 to -€266,171
- Debts after one year +€48,125
up €48,125 (+10.1%), from €476,323 to €524,448
- Other debts +€31,895
up €31,895 (+128%), from €25,000 to €56,895
- Trade debts +€29,952
up €29,952 (+24.9%), from €120,195 to €150,147
- Investment grants +€15,384
up €15,384 (+19.7%), from €77,993 to €93,377
Income statement
- Gross operating margin -€61,265
down €61,265 (-11.5%), from €531,396 to €470,131
- Staff costs +€55,019
up €55,019 (+12.2%), from €451,532 to €506,551
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
-€49,947
Gross operating margin
-€61,265
Staff costs
-€55,019
Depreciation
+€470
Other operating charges
+€4,176
Other operating items
-€5,192
Financial income
-€1,025
Financial charges
-€1,445
Result 31-12-2025
-€169,247
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€13,942
Investment
-€106,316
Financing
+€59,553
Cash 31-12-2024
€68,238
From operations (derived)
-€13,942
Net result for the year
-€169,247
Depreciation
+€71,260
Stocks and contracts
+€788
Receivables within one year
+€3,164
Deferred charges and accrued income
+€7,657
Trade debts
+€29,952
Tax, wage and social debts
+€10,421
Other debts
+€31,895
Accrued charges and deferred income
+€168
Investment (derived)
-€106,316
Investment in fixed assets (net)
-€106,316
Financing
+€59,553
Debts after one year
+€48,125
Current portion of long-term debt
-€6,076
Short-term financial debts
+€2,121
Contributions, distributions and other
+€15,384
Cash 31-12-2025
€7,534
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,020,444 | €983,186 | -€37,258 | -3.7% |
| Fixed assets | 21/28 | €791,288 | €826,343 | +€35,056 | +4.4% |
| Intangible fixed assets | 21 | €5,362 | €3,351 | -€2,011 | -37.5% |
| Tangible fixed assets | 22/27 | €785,926 | €822,993 | +€37,067 | +4.7% |
| Land and buildings | 22 | €558,146 | €539,157 | -€18,989 | -3.4% |
| Plant, machinery and equipment | 23 | €174,285 | €189,653 | +€15,368 | +8.8% |
| Furniture and vehicles | 24 | €1,363 | €20,330 | +€18,966 | +1,391% |
| Other tangible fixed assets | 26 | €180 | €60 | -€120 | -66.7% |
| Assets under construction and advance payments | 27 | €51,952 | €73,793 | +€21,841 | +42.0% |
| Current assets | 29/58 | €229,156 | €156,842 | -€72,314 | -31.6% |
| Stocks and contracts in progress | 3 | €21,934 | €21,146 | -€788 | -3.6% |
| Stocks | 30/36 | €21,934 | €21,146 | -€788 | -3.6% |
| Amounts receivable within one year | 40/41 | €119,416 | €116,252 | -€3,164 | -2.6% |
| Trade receivables | 40 | €111,679 | €63,235 | -€48,444 | -43.4% |
| Other amounts receivable | 41 | €7,737 | €53,017 | +€45,280 | +585% |
| Cash at bank and in hand | 54/58 | €68,238 | €7,534 | -€60,705 | -89.0% |
| Deferred charges and accrued income | 490/1 | €19,567 | €11,910 | -€7,657 | -39.1% |
| Total equity and liabilities | 10/49 | €1,020,444 | €983,186 | -€37,258 | -3.7% |
| Equity | 10/15 | €269,155 | €115,291 | -€153,864 | -57.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €257,099 | €257,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €254,000 | €254,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,924 | -€266,171 | -€169,247 | -175% |
| Investment grants | 15 | €77,993 | €93,377 | +€15,384 | +19.7% |
| Amounts payable | 17/49 | €751,289 | €867,895 | +€116,606 | +15.5% |
| Amounts payable after more than one year | 17 | €476,323 | €524,448 | +€48,125 | +10.1% |
| Financial debts | 170/4 | €476,323 | €524,448 | +€48,125 | +10.1% |
| Amounts payable within one year | 42/48 | €272,156 | €340,468 | +€68,313 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €103,980 | €97,904 | -€6,076 | -5.8% |
| Financial debts | 43 | - | €2,121 | +€2,121 | |
| Credit institutions | 430/8 | - | €2,121 | +€2,121 | |
| Trade debts | 44 | €120,195 | €150,147 | +€29,952 | +24.9% |
| Suppliers | 440/4 | €120,195 | €150,147 | +€29,952 | +24.9% |
| Taxes, remuneration and social security | 45 | €22,981 | €33,402 | +€10,421 | +45.3% |
| Taxes | 450/3 | €167 | €891 | +€724 | +434% |
| Remuneration and social security | 454/9 | €22,814 | €32,511 | +€9,697 | +42.5% |
| Other amounts payable | 47/48 | €25,000 | €56,895 | +€31,895 | +128% |
| Accrued charges and deferred income | 492/3 | €2,811 | €2,979 | +€168 | +6.0% |
| Non-recurring operating income | 76A | €1,917 | €12,296 | +€10,379 | +541% |
| Remuneration, social security and pensions | 62 | €451,532 | €506,551 | +€55,019 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,731 | €71,260 | -€470 | -0.7% |
| Other operating charges | 640/8 | €30,337 | €26,161 | -€4,176 | -13.8% |
| Non-recurring operating charges | 66A | €9,837 | €15,029 | +€5,192 | +52.8% |
| Gross operating margin | 9900 | €531,396 | €470,131 | -€61,265 | -11.5% |
| Operating profit (loss) | 9901 | -€32,041 | -€148,872 | -€116,831 | -365% |
| Financial income | 75/76B | €6,462 | €5,437 | -€1,025 | -15.9% |
| Recurring financial income | 75 | €6,462 | €5,437 | -€1,025 | -15.9% |
| Financial charges | 65/66B | €24,368 | €25,813 | +€1,445 | +5.9% |
| Recurring financial charges | 65 | €24,368 | €25,813 | +€1,445 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€49,947 | -€169,247 | -€119,301 | -239% |
| Profit (loss) for the period | 9904 | -€49,947 | -€169,247 | -€119,301 | -239% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,947 | -€169,247 | -€119,301 | -239% |
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.