RECREATIF: 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.
RECREATIF
Largest movements
- Tangible fixed assets -€5,490
down €5,490 (-30.6%), from €17,941 to €12,451
of which Furniture and vehicles: -€6,480
- Cash +€1,709
up €1,709 (+83.3%), from €2,051 to €3,760
mainly Net result for the year (+€9,417) and Depreciation (+€8,110)
- Stocks and contracts -€911
down €911 (-12.2%), from €7,489 to €6,578
- Profit (loss) carried forward +€9,417
up €9,417 (+41.4%), from -€22,741 to -€13,324
- Debts after one year -€7,846
no longer reported in 2025 (was €7,846)
- Current portion of long-term debt -€4,114
down €4,114 (-33.3%), from €12,370 to €8,256
- Trade debts -€2,936
down €2,936 (-89.4%), from €3,285 to €349
- Other debts +€1,059
up €1,059 (+29.1%), from €3,645 to €4,704
- Gross operating margin -€14,514
down €14,514 (-36.9%), from €39,369 to €24,855
- Staff costs -€13,572
down €13,572 (-88.6%), from €15,326 to €1,754
- Financial charges -€1,294
down €1,294 (-51.2%), from €2,525 to €1,231
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,576 | €22,789 | -€4,787 | -17.4% |
| Fixed assets | 21/28 | €18,036 | €12,451 | -€5,585 | -31.0% |
| Tangible fixed assets | 22/27 | €17,941 | €12,451 | -€5,490 | -30.6% |
| Plant, machinery and equipment | 23 | €2,403 | €2,499 | +€96 | +4.0% |
| Furniture and vehicles | 24 | €14,990 | €8,510 | -€6,480 | -43.2% |
| Other tangible fixed assets | 26 | €548 | €1,442 | +€894 | +163% |
| Financial fixed assets | 28 | €95 | - | -€95 | |
| Current assets | 29/58 | €9,540 | €10,338 | +€798 | +8.4% |
| Stocks and contracts in progress | 3 | €7,489 | €6,578 | -€911 | -12.2% |
| Stocks | 30/36 | €7,489 | €6,578 | -€911 | -12.2% |
| Cash at bank and in hand | 54/58 | €2,051 | €3,760 | +€1,709 | +83.3% |
| Total equity and liabilities | 10/49 | €27,576 | €22,789 | -€4,787 | -17.4% |
| Equity | 10/15 | -€2,290 | €7,127 | +€9,417 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,741 | -€13,324 | +€9,417 | +41.4% |
| Amounts payable | 17/49 | €29,866 | €15,662 | -€14,204 | -47.6% |
| Amounts payable after more than one year | 17 | €7,846 | - | -€7,846 | |
| Financial debts | 170/4 | €7,846 | - | -€7,846 | |
| Amounts payable within one year | 42/48 | €22,020 | €15,662 | -€6,358 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €12,370 | €8,256 | -€4,114 | -33.3% |
| Trade debts | 44 | €3,285 | €349 | -€2,936 | -89.4% |
| Suppliers | 440/4 | €3,285 | €349 | -€2,936 | -89.4% |
| Taxes, remuneration and social security | 45 | €2,720 | €2,353 | -€367 | -13.5% |
| Taxes | 450/3 | €2,720 | €2,353 | -€367 | -13.5% |
| Other amounts payable | 47/48 | €3,645 | €4,704 | +€1,059 | +29.1% |
| Remuneration, social security and pensions | 62 | €15,326 | €1,754 | -€13,572 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,283 | €8,110 | -€173 | -2.1% |
| Other operating charges | 640/8 | €4,475 | €4,162 | -€313 | -7.0% |
| Gross operating margin | 9900 | €39,369 | €24,855 | -€14,514 | -36.9% |
| Operating profit (loss) | 9901 | €11,285 | €10,829 | -€456 | -4.0% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €2,525 | €1,231 | -€1,294 | -51.2% |
| Recurring financial charges | 65 | €2,525 | €1,231 | -€1,294 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €8,793 | €9,598 | +€805 | +9.2% |
| Income taxes | 67/77 | - | €181 | +€181 | |
| Profit (loss) for the period | 9904 | €8,793 | €9,417 | +€624 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,793 | €9,417 | +€624 | +7.1% |
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 27 October 2026 via checked.be.