RAC: 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.
RAC
Largest movements
- Tangible fixed assets -€8,349
down €8,349 (-62.7%), from €13,306 to €4,957
- Receivables within one year -€4,335
down €4,335 (-6.3%), from €68,817 to €64,482
of which Other amounts receivable: -€5,835
- Profit (loss) carried forward -€29,211
down €29,211 (-21.9%), from -€133,472 to -€162,684
- Other debts +€26,070
up €26,070 (+13.4%), from €195,077 to €221,147
- Tax, wage and social debts -€7,852
down €7,852 (-49.3%), from €15,922 to €8,069
of which Taxes: -€8,419
- Gross operating margin +€71,299
up €71,299 (+83.6%), from -€85,248 to -€13,950
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 | €245,438 | €232,264 | -€13,174 | -5.4% |
| Fixed assets | 21/28 | €13,306 | €4,957 | -€8,349 | -62.7% |
| Tangible fixed assets | 22/27 | €13,306 | €4,957 | -€8,349 | -62.7% |
| Furniture and vehicles | 24 | €13,306 | €4,957 | -€8,349 | -62.7% |
| Current assets | 29/58 | €232,132 | €227,307 | -€4,825 | -2.1% |
| Stocks and contracts in progress | 3 | €160,000 | €160,000 | = | 0.0% |
| Stocks | 30/36 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,817 | €64,482 | -€4,335 | -6.3% |
| Trade receivables | 40 | €18,000 | €19,500 | +€1,500 | +8.3% |
| Other amounts receivable | 41 | €50,817 | €44,982 | -€5,835 | -11.5% |
| Cash at bank and in hand | 54/58 | €11 | €11 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,304 | €2,814 | -€490 | -14.8% |
| Total equity and liabilities | 10/49 | €245,438 | €232,264 | -€13,174 | -5.4% |
| Equity | 10/15 | €28,135 | -€1,076 | -€29,211 | |
| Contributions | 10/11 | €146,916 | €146,916 | = | 0.0% |
| Reserves | 13 | €14,692 | €14,692 | = | 0.0% |
| Distributable reserves | 133 | €14,692 | €14,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,472 | -€162,684 | -€29,211 | -21.9% |
| Amounts payable | 17/49 | €217,303 | €233,340 | +€16,037 | +7.4% |
| Amounts payable within one year | 42/48 | €217,215 | €233,251 | +€16,036 | +7.4% |
| Financial debts | 43 | €90 | €179 | +€89 | +98.7% |
| Credit institutions | 430/8 | €90 | €179 | +€89 | +98.7% |
| Trade debts | 44 | €6,126 | €3,855 | -€2,271 | -37.1% |
| Suppliers | 440/4 | €6,126 | €3,855 | -€2,271 | -37.1% |
| Taxes, remuneration and social security | 45 | €15,922 | €8,069 | -€7,852 | -49.3% |
| Taxes | 450/3 | €12,763 | €4,344 | -€8,419 | -66.0% |
| Remuneration and social security | 454/9 | €3,159 | €3,726 | +€567 | +17.9% |
| Other amounts payable | 47/48 | €195,077 | €221,147 | +€26,070 | +13.4% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,126 | €13,369 | +€243 | +1.9% |
| Other operating charges | 640/8 | €1,133 | €1,169 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€85,248 | -€13,950 | +€71,299 | +83.6% |
| Operating profit (loss) | 9901 | -€99,508 | -€28,488 | +€71,020 | +71.4% |
| Financial income | 75/76B | €36 | €90 | +€54 | +148% |
| Recurring financial income | 75 | €36 | €90 | +€54 | +148% |
| Financial charges | 65/66B | €390 | €303 | -€87 | -22.4% |
| Recurring financial charges | 65 | €390 | €303 | -€87 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€99,862 | -€28,701 | +€71,161 | +71.3% |
| Income taxes | 67/77 | €536 | €511 | -€26 | -4.8% |
| Profit (loss) for the period | 9904 | -€100,398 | -€29,211 | +€71,187 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,398 | -€29,211 | +€71,187 | +70.9% |
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 23 October 2026 via checked.be.