A. RICHOUX: 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.
A. RICHOUX
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-20.1%), from €62,227 to €49,727
- Tangible fixed assets +€10,837
up €10,837 (+84.8%), from €12,772 to €23,609
of which Other tangible fixed assets: +€13,258
- Cash -€4,709
down €4,709 (-51.0%), from €9,229 to €4,519
mainly Investment in fixed assets (net) (-€14,814) and Other debts (-€9,702)
- Receivables within one year +€2,585
up €2,585 (+19.0%), from €13,582 to €16,167
of which Other amounts receivable: +€2,162
- Deferred charges and accrued income -€2,005
down €2,005 (-69.6%), from €2,881 to €876
- Other debts -€9,702
down €9,702 (-44.1%), from €22,015 to €12,312
- Short-term financial debts +€5,000
new in 2025: €5,000
- Debts after one year -€4,661
down €4,661 (-48.0%), from €9,708 to €5,048
- Profit (loss) carried forward +€2,405
up €2,405 (+8.5%), from €28,262 to €30,667
- Tax, wage and social debts -€1,683
down €1,683 (-7.5%), from €22,544 to €20,861
of which Taxes: -€4,355
- Gross operating margin -€22,489
down €22,489 (-45.6%), from €49,340 to €26,852
- Taxes -€10,080
down €10,080 (-82.5%), from €12,217 to €2,137
- Financial income -€5,717
down €5,717 (-95.5%), from €5,986 to €269
of which Non-recurring financial income: -€5,977
- Financial charges +€2,008
up €2,008 (+273.5%), from €734 to €2,742
of which Financial charges: +€2,291
- Other operating charges +€1,917
up €1,917 (+679.9%), from €282 to €2,199
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 | €100,691 | €94,899 | -€5,792 | -5.8% |
| Fixed assets | 21/28 | €74,999 | €73,336 | -€1,663 | -2.2% |
| Intangible fixed assets | 21 | €62,227 | €49,727 | -€12,500 | -20.1% |
| Tangible fixed assets | 22/27 | €12,772 | €23,609 | +€10,837 | +84.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €8,848 | €6,427 | -€2,421 | -27.4% |
| Other tangible fixed assets | 26 | €3,924 | €17,182 | +€13,258 | +337.8% |
| Current assets | 29/58 | €25,692 | €21,563 | -€4,129 | -16.1% |
| Amounts receivable within one year | 40/41 | €13,582 | €16,167 | +€2,585 | +19.0% |
| Trade receivables | 40 | €12,887 | €13,310 | +€423 | +3.3% |
| Other amounts receivable | 41 | €695 | €2,857 | +€2,162 | +311.0% |
| Cash at bank and in hand | 54/58 | €9,229 | €4,519 | -€4,709 | -51.0% |
| Deferred charges and accrued income | 490/1 | €2,881 | €876 | -€2,005 | -69.6% |
| Total equity and liabilities | 10/49 | €100,691 | €94,899 | -€5,792 | -5.8% |
| Equity | 10/15 | €34,262 | €36,667 | +€2,405 | +7.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | - | -€6,000 | |
| Issued capital | 100 | €6,000 | - | -€6,000 | |
| Profit (loss) carried forward | 14 | €28,262 | €30,667 | +€2,405 | +8.5% |
| Amounts payable | 17/49 | €66,429 | €58,232 | -€8,197 | -12.3% |
| Amounts payable after more than one year | 17 | €9,708 | €5,048 | -€4,661 | -48.0% |
| Financial debts | 170/4 | €9,708 | €5,048 | -€4,661 | -48.0% |
| Amounts payable within one year | 42/48 | €56,721 | €53,184 | -€3,537 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €10,492 | €12,085 | +€1,593 | +15.2% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €1,669 | €2,925 | +€1,256 | +75.2% |
| Suppliers | 440/4 | €1,669 | €2,925 | +€1,256 | +75.2% |
| Taxes, remuneration and social security | 45 | €22,544 | €20,861 | -€1,683 | -7.5% |
| Taxes | 450/3 | €22,539 | €18,184 | -€4,355 | -19.3% |
| Remuneration and social security | 454/9 | €5 | €2,678 | +€2,672 | +51689.6% |
| Other amounts payable | 47/48 | €22,015 | €12,312 | -€9,702 | -44.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,827 | €16,477 | -€350 | -2.1% |
| Other operating charges | 640/8 | €282 | €2,199 | +€1,917 | +679.9% |
| Non-recurring operating charges | 66A | - | €1,160 | +€1,160 | |
| Gross operating margin | 9900 | €49,340 | €26,852 | -€22,489 | -45.6% |
| Operating profit (loss) | 9901 | €32,231 | €7,015 | -€25,216 | -78.2% |
| Financial income | 75/76B | €5,986 | €269 | -€5,717 | -95.5% |
| Recurring financial income | 75 | €9 | €269 | +€260 | +3030.8% |
| Non-recurring financial income | 76B | €5,977 | - | -€5,977 | |
| Financial charges | 65/66B | €734 | €2,742 | +€2,008 | +273.5% |
| Recurring financial charges | 65 | €452 | €2,742 | +€2,291 | +507.0% |
| Non-recurring financial charges | 66B | €282 | - | -€282 | |
| Profit (loss) for the period before taxes | 9903 | €37,483 | €4,542 | -€32,942 | -87.9% |
| Income taxes | 67/77 | €12,217 | €2,137 | -€10,080 | -82.5% |
| Profit (loss) for the period | 9904 | €25,266 | €2,405 | -€22,861 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,266 | €2,405 | -€22,861 | -90.5% |
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 10 October 2026 via checked.be.