EL RICO: 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.
EL RICO
Largest movements
- Receivables within one year +€469,985
up €469,985 (+115%), from €409,655 to €879,640
of which Trade receivables: +€508,076
- Stocks and contracts +€393,764
up €393,764 (+111%), from €353,706 to €747,470
- Tangible fixed assets +€145,637
up €145,637 (+31.1%), from €468,082 to €613,719
- Cash +€57,936
up €57,936 (+213%), from €27,187 to €85,123
mainly Short-term financial debts (+€445,682) and Contributions, distributions and other (+€208,527)
- Short-term financial debts +€445,682
up €445,682 (+245%), from €181,839 to €627,521
of which Credit institutions: +€443,427
- Reserves +€344,446
up €344,446 (+103%), from €335,145 to €679,591
of which Distributable reserves: +€281,500
- Trade debts +€186,397
up €186,397 (+87.6%), from €212,776 to €399,173
- Tax, wage and social debts +€70,494
up €70,494 (+159%), from €44,424 to €114,918
of which Taxes: +€41,511
- Gross operating margin +€484,358
up €484,358 (+128%), from €379,553 to €863,911
- Staff costs +€302,684
up €302,684 (+160%), from €188,764 to €491,448
- Depreciation +€83,396
up €83,396 (+325%), from €25,687 to €109,083
- Taxes +€29,901
up €29,901 (+132%), from €22,608 to €52,509
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,281,795 | €2,359,746 | +€1.1m | +84.1% |
| Fixed assets | 21/28 | €468,268 | €613,905 | +€145,637 | +31.1% |
| Tangible fixed assets | 22/27 | €468,082 | €613,719 | +€145,637 | +31.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €49,321 | €101,346 | +€52,025 | +105% |
| Furniture and vehicles | 24 | €67,703 | €110,033 | +€42,330 | +62.5% |
| Leasing and similar rights | 25 | - | €20,176 | +€20,176 | |
| Other tangible fixed assets | 26 | €351,059 | €382,164 | +€31,106 | +8.9% |
| Financial fixed assets | 28 | €186 | €186 | +€0 | +0.1% |
| Current assets | 29/58 | €813,527 | €1,745,841 | +€932,314 | +115% |
| Stocks and contracts in progress | 3 | €353,706 | €747,470 | +€393,764 | +111% |
| Stocks | 30/36 | €353,706 | €747,470 | +€393,764 | +111% |
| Amounts receivable within one year | 40/41 | €409,655 | €879,640 | +€469,985 | +115% |
| Trade receivables | 40 | €281,133 | €789,209 | +€508,076 | +181% |
| Other amounts receivable | 41 | €128,522 | €90,431 | -€38,091 | -29.6% |
| Cash at bank and in hand | 54/58 | €27,187 | €85,123 | +€57,936 | +213% |
| Deferred charges and accrued income | 490/1 | €22,979 | €33,608 | +€10,629 | +46.3% |
| Total equity and liabilities | 10/49 | €1,281,795 | €2,359,746 | +€1.1m | +84.1% |
| Equity | 10/15 | €491,384 | €857,791 | +€366,407 | +74.6% |
| Contributions | 10/11 | €156,200 | €178,025 | +€21,825 | +14.0% |
| Reserves | 13 | €335,145 | €679,591 | +€344,446 | +103% |
| Non-distributable reserves | 130/1 | - | €2,183 | +€2,183 | |
| Other | 1319 | - | €2,183 | +€2,183 | |
| Tax-exempt reserves | 132 | €395 | €61,158 | +€60,763 | +15,381% |
| Distributable reserves | 133 | €334,750 | €616,250 | +€281,500 | +84.1% |
| Profit (loss) carried forward | 14 | €39 | €175 | +€136 | +349% |
| Amounts payable | 17/49 | €790,411 | €1,501,955 | +€711,544 | +90.0% |
| Amounts payable after more than one year | 17 | €258,216 | €263,117 | +€4,901 | +1.9% |
| Financial debts | 170/4 | €258,216 | €263,117 | +€4,901 | +1.9% |
| Amounts payable within one year | 42/48 | €532,194 | €1,238,837 | +€706,643 | +133% |
| Current portion of amounts payable after more than one year | 42 | €29,622 | €47,203 | +€17,581 | +59.4% |
| Financial debts | 43 | €181,839 | €627,521 | +€445,682 | +245% |
| Credit institutions | 430/8 | €181,839 | €625,266 | +€443,427 | +244% |
| Other loans | 439 | - | €2,255 | +€2,255 | |
| Trade debts | 44 | €212,776 | €399,173 | +€186,397 | +87.6% |
| Suppliers | 440/4 | €212,776 | €399,173 | +€186,397 | +87.6% |
| Advances received on contracts in progress | 46 | €62,661 | €50,022 | -€12,639 | -20.2% |
| Taxes, remuneration and social security | 45 | €44,424 | €114,918 | +€70,494 | +159% |
| Taxes | 450/3 | €24,759 | €66,270 | +€41,511 | +168% |
| Remuneration and social security | 454/9 | €19,665 | €48,648 | +€28,983 | +147% |
| Other amounts payable | 47/48 | €873 | €0 | -€873 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €768 | +€768 | |
| Remuneration, social security and pensions | 62 | €188,764 | €491,448 | +€302,684 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,687 | €109,083 | +€83,396 | +325% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€778 | €2,353 | +€3,131 | |
| Other operating charges | 640/8 | €13,855 | €11,065 | -€2,790 | -20.1% |
| Gross operating margin | 9900 | €379,553 | €863,911 | +€484,358 | +128% |
| Operating profit (loss) | 9901 | €152,025 | €249,963 | +€97,938 | +64.4% |
| Financial income | 75/76B | €8,822 | €5,155 | -€3,667 | -41.6% |
| Recurring financial income | 75 | €8,822 | €5,155 | -€3,667 | -41.6% |
| Financial charges | 65/66B | €43,717 | €44,728 | +€1,011 | +2.3% |
| Recurring financial charges | 65 | €43,717 | €44,728 | +€1,011 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €117,130 | €210,389 | +€93,259 | +79.6% |
| Income taxes | 67/77 | €22,608 | €52,509 | +€29,901 | +132% |
| Profit (loss) for the period | 9904 | €94,523 | €157,880 | +€63,357 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,523 | €157,880 | +€63,357 | +67.0% |
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.