R.C. Management: what changed
What changed
R.C. Management
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€173,013
2024 · €170,308+€2,705
Equity
€1.0m
2024 · €869,860+€173,013
Cash
€508,849
2024 · €295,479+€213,370
Balance sheet total
€1.1m
2024 · €926,539+€205,233
Largest movements
Assets
- Cash +€213,370
up €213,370 (+72.2%), from €295,479 to €508,849
mainly Net result for the year (+€173,013) and Tax, wage and social debts (+€34,670)
- Tangible fixed assets -€15,182
down €15,182 (-67.9%), from €22,349 to €7,167
Equity and liabilities
- Reserves +€173,013
up €173,013 (+20.2%), from €857,460 to €1.0m
- Tax, wage and social debts +€34,670
up €34,670 (+72.9%), from €47,564 to €82,233
Income statement
- Gross operating margin +€5,139
up €5,139 (+2.0%), from €257,715 to €262,854
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€170,308
Gross operating margin
+€5,139
Depreciation
-€41
Other operating charges
-€24
Financial income
-€1,912
Financial charges
+€3
Taxes
-€460
Result 2025
€173,013
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€221,834
Investment
-€8,464
Financing
€0
Cash 2024
€295,479
From operations (derived)
+€221,834
Net result for the year
+€173,013
Depreciation
+€16,491
Smaller working-capital items
+€259
Tax, wage and social debts
+€34,670
Other debts
-€2,599
Investment (derived)
-€8,464
Investment in fixed assets (net)
-€1,309
Current investments
-€7,155
Cash 2025
€508,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €926,539 | €1,131,772 | +€205,233 | +22.2% |
| Fixed assets | 21/28 | €22,349 | €7,167 | -€15,182 | -67.9% |
| Tangible fixed assets | 22/27 | €22,349 | €7,167 | -€15,182 | -67.9% |
| Furniture and vehicles | 24 | €22,349 | €7,167 | -€15,182 | -67.9% |
| Current assets | 29/58 | €904,190 | €1,124,605 | +€220,416 | +24.4% |
| Current investments | 50/53 | €608,494 | €615,649 | +€7,155 | +1.2% |
| Cash at bank and in hand | 54/58 | €295,479 | €508,849 | +€213,370 | +72.2% |
| Deferred charges and accrued income | 490/1 | €216 | €107 | -€110 | -50.7% |
| Total equity and liabilities | 10/49 | €926,539 | €1,131,772 | +€205,233 | +22.2% |
| Equity | 10/15 | €869,860 | €1,042,873 | +€173,013 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €857,460 | €1,030,473 | +€173,013 | +20.2% |
| Distributable reserves | 133 | €857,460 | €1,030,473 | +€173,013 | +20.2% |
| Amounts payable | 17/49 | €56,679 | €88,899 | +€32,220 | +56.8% |
| Amounts payable within one year | 42/48 | €56,679 | €88,899 | +€32,220 | +56.8% |
| Trade debts | 44 | - | €150 | +€150 | |
| Suppliers | 440/4 | - | €150 | +€150 | |
| Taxes, remuneration and social security | 45 | €47,564 | €82,233 | +€34,670 | +72.9% |
| Taxes | 450/3 | €47,564 | €82,233 | +€34,670 | +72.9% |
| Other amounts payable | 47/48 | €9,115 | €6,516 | -€2,599 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,451 | €16,491 | +€41 | +0.2% |
| Other operating charges | 640/8 | €754 | €779 | +€24 | +3.2% |
| Gross operating margin | 9900 | €257,715 | €262,854 | +€5,139 | +2.0% |
| Operating profit (loss) | 9901 | €240,510 | €245,583 | +€5,074 | +2.1% |
| Financial income | 75/76B | €12,134 | €10,222 | -€1,912 | -15.8% |
| Recurring financial income | 75 | €12,134 | €10,222 | -€1,912 | -15.8% |
| Financial charges | 65/66B | €113 | €110 | -€3 | -2.8% |
| Recurring financial charges | 65 | €113 | €110 | -€3 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €252,530 | €255,695 | +€3,165 | +1.3% |
| Income taxes | 67/77 | €82,223 | €82,682 | +€460 | +0.6% |
| Profit (loss) for the period | 9904 | €170,308 | €173,013 | +€2,705 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €170,308 | €173,013 | +€2,705 | +1.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.