R.I.C.: 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.
What changed
R.I.C.
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,789
2024 · €47,718-€41,929
Equity
€422,446
2024 · €416,656+€5,789
Cash
€1,348
2024 · €67+€1,281
Balance sheet total
€627,966
2024 · €670,929-€42,963
Largest movements
Assets
- Receivables within one year -€42,076
down €42,076 (-36.2%), from €116,109 to €74,033
of which Other amounts receivable: -€32,076
Equity and liabilities
- Debts after one year -€30,568
down €30,568 (-16.1%), from €189,279 to €158,711
- Other debts -€21,406
down €21,406 (-84.8%), from €25,228 to €3,822
Income statement
- Gross operating margin -€41,316
down €41,316 (-47.8%), from €86,510 to €45,193
- Other operating charges +€3,200
up €3,200 (+39.8%), from €8,042 to €11,242
- Taxes -€2,674
down €2,674 (-49.8%), from €5,370 to €2,697
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.
Result 2024
€47,718
Gross operating margin
-€41,316
Depreciation
-€428
Other operating charges
-€3,200
Financial income
+€14
Financial charges
+€328
Taxes
+€2,674
Result 2025
€5,789
raises the resultlowers the result
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.
From operations
+€51,114
Investment
-€18,114
Financing
-€31,719
Cash 2024
€67
From operations (derived)
+€51,114
Net result for the year
+€5,789
Depreciation
+€22,628
Receivables within one year
+€42,076
Deferred charges and accrued income
-€2,346
Trade debts
+€4,373
Other debts
-€21,406
Investment (derived)
-€18,114
Investment in fixed assets (net)
-€18,114
Financing
-€31,719
Debts after one year
-€30,568
Current portion of long-term debt
-€1,150
Cash 2025
€1,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,929 | €627,966 | -€42,963 | -6.4% |
| Fixed assets | 21/28 | €554,753 | €550,239 | -€4,514 | -0.8% |
| Tangible fixed assets | 22/27 | €554,753 | €550,239 | -€4,514 | -0.8% |
| Land and buildings | 22 | €503,273 | €488,156 | -€15,116 | -3.0% |
| Plant, machinery and equipment | 23 | €525 | €0 | -€525 | -100% |
| Other tangible fixed assets | 26 | €50,955 | €62,083 | +€11,127 | +21.8% |
| Current assets | 29/58 | €116,176 | €77,728 | -€38,449 | -33.1% |
| Amounts receivable within one year | 40/41 | €116,109 | €74,033 | -€42,076 | -36.2% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €106,109 | €74,033 | -€32,076 | -30.2% |
| Cash at bank and in hand | 54/58 | €67 | €1,348 | +€1,281 | +1,917% |
| Deferred charges and accrued income | 490/1 | - | €2,346 | +€2,346 | |
| Total equity and liabilities | 10/49 | €670,929 | €627,966 | -€42,963 | -6.4% |
| Equity | 10/15 | €416,656 | €422,446 | +€5,789 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,499 | €376,249 | +€5,750 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €331,139 | €336,889 | +€5,750 | +1.7% |
| Profit (loss) carried forward | 14 | €27,557 | €27,596 | +€39 | +0.1% |
| Amounts payable | 17/49 | €254,273 | €205,521 | -€48,752 | -19.2% |
| Amounts payable after more than one year | 17 | €189,279 | €158,711 | -€30,568 | -16.1% |
| Financial debts | 170/4 | €189,279 | €158,711 | -€30,568 | -16.1% |
| Amounts payable within one year | 42/48 | €64,994 | €46,810 | -€18,184 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €31,719 | €30,568 | -€1,150 | -3.6% |
| Trade debts | 44 | €2,677 | €7,049 | +€4,373 | +163% |
| Suppliers | 440/4 | €2,677 | €7,049 | +€4,373 | +163% |
| Taxes, remuneration and social security | 45 | €5,370 | €5,370 | = | 0.0% |
| Taxes | 450/3 | €5,370 | €5,370 | = | 0.0% |
| Other amounts payable | 47/48 | €25,228 | €3,822 | -€21,406 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,200 | €22,628 | +€428 | +1.9% |
| Other operating charges | 640/8 | €8,042 | €11,242 | +€3,200 | +39.8% |
| Gross operating margin | 9900 | €86,510 | €45,193 | -€41,316 | -47.8% |
| Operating profit (loss) | 9901 | €56,268 | €11,323 | -€44,944 | -79.9% |
| Financial income | 75/76B | €0 | €15 | +€14 | +3,291% |
| Recurring financial income | 75 | €0 | €15 | +€14 | +3,291% |
| Financial charges | 65/66B | €3,180 | €2,852 | -€328 | -10.3% |
| Recurring financial charges | 65 | €3,180 | €2,852 | -€328 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €53,088 | €8,486 | -€44,602 | -84.0% |
| Income taxes | 67/77 | €5,370 | €2,697 | -€2,674 | -49.8% |
| Profit (loss) for the period | 9904 | €47,718 | €5,789 | -€41,929 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,718 | €5,789 | -€41,929 | -87.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.