RAC BENELUX: what changed
RAC BENELUX
Largest movements
- Receivables within one year -€62,663
down €62,663 (-27.3%), from €229,224 to €166,561
of which Other amounts receivable: -€63,308
- Tangible fixed assets -€15,111
down €15,111 (-39.6%), from €38,156 to €23,045
of which Furniture and vehicles: -€15,285
- Cash -€14,520
down €14,520 (-22.2%), from €65,410 to €50,891
mainly Trade debts (-€81,357) and Other debts (-€80,000)
- Trade debts -€81,357
down €81,357 (-66.9%), from €121,700 to €40,343
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Profit (loss) carried forward +€67,502
up €67,502 (+94.1%), from €71,741 to €139,243
- Staff costs -€55,184
down €55,184 (-21.0%), from €262,524 to €207,340
- Gross operating margin +€43,545
up €43,545 (+14.2%), from €307,189 to €350,734
- Taxes +€20,076
up €20,076 (+3,985%), from €504 to €20,580
- Other operating charges +€5,140
up €5,140 (+55.7%), from €9,235 to €14,375
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,720 | €271,913 | -€96,807 | -26.3% |
| Fixed assets | 21/28 | €46,156 | €28,045 | -€18,111 | -39.2% |
| Intangible fixed assets | 21 | €8,000 | €5,000 | -€3,000 | -37.5% |
| Tangible fixed assets | 22/27 | €38,156 | €23,045 | -€15,111 | -39.6% |
| Plant, machinery and equipment | 23 | €1,675 | €2,126 | +€452 | +27.0% |
| Furniture and vehicles | 24 | €35,372 | €20,086 | -€15,285 | -43.2% |
| Other tangible fixed assets | 26 | €1,110 | €832 | -€277 | -25.0% |
| Current assets | 29/58 | €322,563 | €243,867 | -€78,696 | -24.4% |
| Stocks and contracts in progress | 3 | €27,929 | €26,416 | -€1,513 | -5.4% |
| Stocks | 30/36 | €27,929 | €26,416 | -€1,513 | -5.4% |
| Amounts receivable within one year | 40/41 | €229,224 | €166,561 | -€62,663 | -27.3% |
| Trade receivables | 40 | €114 | €760 | +€645 | +564% |
| Other amounts receivable | 41 | €229,109 | €165,801 | -€63,308 | -27.6% |
| Cash at bank and in hand | 54/58 | €65,410 | €50,891 | -€14,520 | -22.2% |
| Total equity and liabilities | 10/49 | €368,720 | €271,913 | -€96,807 | -26.3% |
| Equity | 10/15 | €111,741 | €179,243 | +€67,502 | +60.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,741 | €139,243 | +€67,502 | +94.1% |
| Amounts payable | 17/49 | €256,979 | €92,670 | -€164,309 | -63.9% |
| Amounts payable within one year | 42/48 | €256,979 | €92,670 | -€164,309 | -63.9% |
| Financial debts | 43 | €73 | €694 | +€621 | +853% |
| Credit institutions | 430/8 | €73 | €694 | +€621 | +853% |
| Trade debts | 44 | €121,700 | €40,343 | -€81,357 | -66.9% |
| Suppliers | 440/4 | €121,700 | €40,343 | -€81,357 | -66.9% |
| Taxes, remuneration and social security | 45 | €55,206 | €51,633 | -€3,573 | -6.5% |
| Taxes | 450/3 | €51,246 | €19,995 | -€31,251 | -61.0% |
| Remuneration and social security | 454/9 | €3,960 | €31,638 | +€27,678 | +699% |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Remuneration, social security and pensions | 62 | €262,524 | €207,340 | -€55,184 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,768 | €16,282 | -€3,485 | -17.6% |
| Other operating charges | 640/8 | €9,235 | €14,375 | +€5,140 | +55.7% |
| Gross operating margin | 9900 | €307,189 | €350,734 | +€43,545 | +14.2% |
| Operating profit (loss) | 9901 | €15,663 | €112,737 | +€97,075 | +620% |
| Financial income | 75/76B | €0 | €22 | +€22 | +31,843% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +31,843% |
| Financial charges | 65/66B | €22,442 | €24,678 | +€2,236 | +10.0% |
| Recurring financial charges | 65 | €22,442 | €24,678 | +€2,236 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,779 | €88,081 | +€94,861 | |
| Income taxes | 67/77 | €504 | €20,580 | +€20,076 | +3,985% |
| Profit (loss) for the period | 9904 | -€7,283 | €67,502 | +€74,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,283 | €67,502 | +€74,785 |
Next steps
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 2 November 2026 via checked.be.