RECREVISION: 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.
RECREVISION
Largest movements
- Receivables within one year +€40,465
up €40,465 (+61.7%), from €65,534 to €105,998
of which Other amounts receivable: +€68,390
- Cash +€39,560
up €39,560 (+1,095%), from €3,612 to €43,171
mainly Trade debts (+€47,313) and Net result for the year (+€30,913)
- Trade debts +€47,313
up €47,313 (+651%), from €7,268 to €54,581
- Reserves +€30,913
up €30,913 (+81.5%), from €37,928 to €68,842
- Tax, wage and social debts +€9,024
up €9,024 (+49.1%), from €18,371 to €27,395
of which Taxes: +€10,524
- Contributions -€7,000
down €7,000 (-100%), from €7,000 to €0
- Gross operating margin -€5,301
down €5,301 (-10.3%), from €51,553 to €46,252
- Financial charges +€1,774
up €1,774 (+78.7%), from €2,254 to €4,028
- Financial income +€1,394
up €1,394 (+292%), from €477 to €1,872
- Other operating charges +€925
up €925 (+126%), from €734 to €1,659
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 | €70,568 | €150,818 | +€80,250 | +114% |
| Current assets | 29/58 | €70,568 | €150,818 | +€80,250 | +114% |
| Amounts receivable within one year | 40/41 | €65,534 | €105,998 | +€40,465 | +61.7% |
| Trade receivables | 40 | €44,758 | €16,832 | -€27,925 | -62.4% |
| Other amounts receivable | 41 | €20,776 | €89,166 | +€68,390 | +329% |
| Cash at bank and in hand | 54/58 | €3,612 | €43,171 | +€39,560 | +1,095% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,648 | +€225 | +15.8% |
| Total equity and liabilities | 10/49 | €70,568 | €150,818 | +€80,250 | +114% |
| Equity | 10/15 | €44,928 | €68,842 | +€23,913 | +53.2% |
| Contributions | 10/11 | €7,000 | €0 | -€7,000 | -100% |
| Reserves | 13 | €37,928 | €68,842 | +€30,913 | +81.5% |
| Distributable reserves | 133 | €37,928 | €68,842 | +€30,913 | +81.5% |
| Amounts payable | 17/49 | €25,639 | €81,976 | +€56,337 | +220% |
| Amounts payable within one year | 42/48 | €25,639 | €81,976 | +€56,337 | +220% |
| Trade debts | 44 | €7,268 | €54,581 | +€47,313 | +651% |
| Suppliers | 440/4 | €7,268 | €54,581 | +€47,313 | +651% |
| Taxes, remuneration and social security | 45 | €18,371 | €27,395 | +€9,024 | +49.1% |
| Taxes | 450/3 | €16,871 | €27,395 | +€10,524 | +62.4% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other operating charges | 640/8 | €734 | €1,659 | +€925 | +126% |
| Gross operating margin | 9900 | €51,553 | €46,252 | -€5,301 | -10.3% |
| Operating profit (loss) | 9901 | €50,819 | €44,593 | -€6,225 | -12.3% |
| Financial income | 75/76B | €477 | €1,872 | +€1,394 | +292% |
| Recurring financial income | 75 | €477 | €1,872 | +€1,394 | +292% |
| Financial charges | 65/66B | €2,254 | €4,028 | +€1,774 | +78.7% |
| Recurring financial charges | 65 | €2,254 | €4,028 | +€1,774 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €49,042 | €42,437 | -€6,605 | -13.5% |
| Income taxes | 67/77 | €11,113 | €11,523 | +€410 | +3.7% |
| Profit (loss) for the period | 9904 | €37,928 | €30,913 | -€7,015 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,928 | €30,913 | -€7,015 | -18.5% |
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 28 October 2026 via checked.be.