Recreatio: 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.
Recreatio
Largest movements
- Tangible fixed assets -€16,971
down €16,971 (-1.7%), from €1.0m to €1.0m
of which Land and buildings: -€16,418
- Other debts +€96,078
up €96,078 (+14.9%), from €642,985 to €739,062
- Debts after one year -€60,489
down €60,489 (-17.2%), from €350,694 to €290,205
- Profit (loss) carried forward -€57,598
down €57,598 (-8.1%), from -€713,615 to -€771,213
- Gross operating margin -€116,476
down €116,476, from €92,300 to -€24,177
- Other operating charges +€4,618
up €4,618 (+130%), from €3,563 to €8,181
- Financial charges -€2,674
down €2,674 (-24.4%), from €10,944 to €8,270
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,061,684 | €1,041,560 | -€20,124 | -1.9% |
| Fixed assets | 21/28 | €1,023,709 | €1,006,738 | -€16,971 | -1.7% |
| Tangible fixed assets | 22/27 | €1,023,709 | €1,006,738 | -€16,971 | -1.7% |
| Land and buildings | 22 | €1,020,907 | €1,004,490 | -€16,418 | -1.6% |
| Plant, machinery and equipment | 23 | €2,801 | €2,248 | -€553 | -19.7% |
| Current assets | 29/58 | €37,975 | €34,821 | -€3,154 | -8.3% |
| Amounts receivable within one year | 40/41 | €35,947 | €32,764 | -€3,183 | -8.9% |
| Trade receivables | 40 | €35,258 | €32,563 | -€2,695 | -7.6% |
| Other amounts receivable | 41 | €688 | €201 | -€487 | -70.8% |
| Deferred charges and accrued income | 490/1 | €2,028 | €2,057 | +€29 | +1.4% |
| Total equity and liabilities | 10/49 | €1,061,684 | €1,041,560 | -€20,124 | -1.9% |
| Equity | 10/15 | -€27,090 | -€84,688 | -€57,598 | -213% |
| Contributions | 10/11 | €323,947 | €323,947 | = | 0.0% |
| Capital | 10 | €323,947 | €323,947 | = | 0.0% |
| Issued capital | 100 | €323,947 | €323,947 | = | 0.0% |
| Revaluation surpluses | 12 | €335,665 | €335,665 | = | 0.0% |
| Reserves | 13 | €26,914 | €26,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €14,519 | €14,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€713,615 | -€771,213 | -€57,598 | -8.1% |
| Amounts payable | 17/49 | €1,088,773 | €1,126,247 | +€37,474 | +3.4% |
| Amounts payable after more than one year | 17 | €350,694 | €290,205 | -€60,489 | -17.2% |
| Financial debts | 170/4 | €350,694 | €290,205 | -€60,489 | -17.2% |
| Amounts payable within one year | 42/48 | €738,079 | €836,042 | +€97,963 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €57,694 | €60,489 | +€2,795 | +4.8% |
| Financial debts | 43 | €889 | €4,157 | +€3,268 | +368% |
| Credit institutions | 430/8 | €889 | €4,157 | +€3,268 | +368% |
| Trade debts | 44 | €36,511 | €32,333 | -€4,178 | -11.4% |
| Suppliers | 440/4 | €36,511 | €32,333 | -€4,178 | -11.4% |
| Other amounts payable | 47/48 | €642,985 | €739,062 | +€96,078 | +14.9% |
| Non-recurring operating income | 76A | €115,259 | €0 | -€115,259 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,971 | €16,971 | = | 0.0% |
| Other operating charges | 640/8 | €3,563 | €8,181 | +€4,618 | +130% |
| Non-recurring operating charges | 66A | €1,974 | €0 | -€1,974 | -100% |
| Gross operating margin | 9900 | €92,300 | -€24,177 | -€116,476 | |
| Operating profit (loss) | 9901 | €69,792 | -€49,328 | -€119,120 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €10,944 | €8,270 | -€2,674 | -24.4% |
| Recurring financial charges | 65 | €10,944 | €8,270 | -€2,674 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €58,853 | -€57,598 | -€116,451 | |
| Profit (loss) for the period | 9904 | €58,853 | -€57,598 | -€116,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,853 | -€57,598 | -€116,451 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.