Management by RC: 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.
Management by RC
Largest movements
- Receivables after one year +€54,075
new in 2025: €54,075
- Cash -€11,906
down €11,906 (-19.4%), from €61,295 to €49,389
mainly Receivables after one year (-€54,075) and Receivables within one year (-€8,936)
- Receivables within one year +€8,936
up €8,936 (+223%), from €4,007 to €12,942
of which Other amounts receivable: +€6,154
- Profit (loss) carried forward +€50,361
up €50,361 (+91.4%), from €55,125 to €105,486
- Gross operating margin -€9,798
down €9,798 (-13.5%), from €72,652 to €62,854
- Financial income +€2,289
up €2,289 (+2,214%), from €103 to €2,392
- Taxes -€1,523
down €1,523 (-9.5%), from €16,016 to €14,492
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 | €65,302 | €116,406 | +€51,105 | +78.3% |
| Current assets | 29/58 | €65,302 | €116,406 | +€51,105 | +78.3% |
| Amounts receivable after more than one year | 29 | - | €54,075 | +€54,075 | |
| Other amounts receivable | 291 | - | €54,075 | +€54,075 | |
| Amounts receivable within one year | 40/41 | €4,007 | €12,942 | +€8,936 | +223% |
| Trade receivables | 40 | €605 | €3,387 | +€2,782 | +460% |
| Other amounts receivable | 41 | €3,402 | €9,555 | +€6,154 | +181% |
| Cash at bank and in hand | 54/58 | €61,295 | €49,389 | -€11,906 | -19.4% |
| Total equity and liabilities | 10/49 | €65,302 | €116,406 | +€51,105 | +78.3% |
| Equity | 10/15 | €57,125 | €107,486 | +€50,361 | +88.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,125 | €105,486 | +€50,361 | +91.4% |
| Amounts payable | 17/49 | €8,177 | €8,921 | +€744 | +9.1% |
| Amounts payable within one year | 42/48 | €8,177 | €8,921 | +€744 | +9.1% |
| Trade debts | 44 | €57 | €41 | -€16 | -28.3% |
| Suppliers | 440/4 | €57 | €41 | -€16 | -28.3% |
| Taxes, remuneration and social security | 45 | €8,120 | €8,880 | +€760 | +9.4% |
| Taxes | 450/3 | €8,120 | €8,880 | +€760 | +9.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €72,652 | €62,854 | -€9,798 | -13.5% |
| Operating profit (loss) | 9901 | €72,534 | €62,734 | -€9,800 | -13.5% |
| Financial income | 75/76B | €103 | €2,392 | +€2,289 | +2,214% |
| Recurring financial income | 75 | €103 | €2,392 | +€2,289 | +2,214% |
| Financial charges | 65/66B | €48 | €272 | +€224 | +465% |
| Recurring financial charges | 65 | €48 | €272 | +€224 | +465% |
| Profit (loss) for the period before taxes | 9903 | €72,589 | €64,854 | -€7,736 | -10.7% |
| Income taxes | 67/77 | €16,016 | €14,492 | -€1,523 | -9.5% |
| Profit (loss) for the period | 9904 | €56,574 | €50,361 | -€6,213 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,574 | €50,361 | -€6,213 | -11.0% |
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 22 October 2026 via checked.be.