RECREATE: 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.
RECREATE
Largest movements
- Receivables after one year -€1,529
down €1,529 (-3.3%), from €46,418 to €44,889
- Reserves -€971
down €971 (-3.6%), from €27,192 to €26,221
- Financial income -€364
down €364 (-16.7%), from €2,179 to €1,815
- Gross operating margin +€148
up €148 (+6.1%), from -€2,427 to -€2,279
- Financial charges -€72
down €72 (-61.4%), from €117 to €45
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 | €46,418 | €45,064 | -€1,354 | -2.9% |
| Current assets | 29/58 | €46,418 | €45,064 | -€1,354 | -2.9% |
| Amounts receivable after more than one year | 29 | €46,418 | €44,889 | -€1,529 | -3.3% |
| Other amounts receivable | 291 | €46,418 | €44,889 | -€1,529 | -3.3% |
| Amounts receivable within one year | 40/41 | - | €132 | +€132 | |
| Trade receivables | 40 | - | €132 | +€132 | |
| Cash at bank and in hand | 54/58 | €0 | €42 | +€42 | +10766.7% |
| Total equity and liabilities | 10/49 | €46,418 | €45,064 | -€1,354 | -2.9% |
| Equity | 10/15 | €45,792 | €44,821 | -€971 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,192 | €26,221 | -€971 | -3.6% |
| Distributable reserves | 133 | €27,192 | €26,221 | -€971 | -3.6% |
| Amounts payable | 17/49 | €627 | €243 | -€384 | -61.2% |
| Amounts payable within one year | 42/48 | €583 | €198 | -€385 | -66.0% |
| Trade debts | 44 | €583 | €198 | -€385 | -66.0% |
| Suppliers | 440/4 | €583 | €198 | -€385 | -66.0% |
| Accrued charges and deferred income | 492/3 | €44 | €45 | +€2 | +3.4% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€2,427 | -€2,279 | +€148 | +6.1% |
| Operating profit (loss) | 9901 | -€2,876 | -€2,741 | +€135 | +4.7% |
| Financial income | 75/76B | €2,179 | €1,815 | -€364 | -16.7% |
| Recurring financial income | 75 | €2,179 | €1,815 | -€364 | -16.7% |
| Financial charges | 65/66B | €117 | €45 | -€72 | -61.4% |
| Recurring financial charges | 65 | €117 | €45 | -€72 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | -€814 | -€971 | -€157 | -19.3% |
| Profit (loss) for the period | 9904 | -€814 | -€971 | -€157 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€814 | -€971 | -€157 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.