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.
RC
Largest movements
- Cash -€11,157
down €11,157 (-86.4%), from €12,917 to €1,761
mainly Trade debts (-€15,456) and Investment in fixed assets (net) (-€10,745)
- Receivables within one year +€10,077
up €10,077 (+76.3%), from €13,203 to €23,280
of which Trade receivables: +€9,721
- Tangible fixed assets +€2,393
up €2,393 (+11.5%), from €20,775 to €23,168
of which Plant, machinery and equipment: +€2,277
- Trade debts -€15,456
down €15,456 (-91.3%), from €16,921 to €1,466
- Other debts +€13,225
up €13,225 (+63.0%), from €21,000 to €34,225
- Tax, wage and social debts +€1,407
new in 2025: €1,407
- Advances received +€1,210
up €1,210 (+24.5%), from €4,933 to €6,143
- Profit (loss) carried forward +€927
up €927 (+31.3%), from -€2,958 to -€2,031
- Gross operating margin +€4,334
up €4,334 (+31.5%), from €13,770 to €18,104
- Other operating charges +€3,897
up €3,897 (+106%), from €3,689 to €7,586
- Depreciation +€2,970
up €2,970 (+55.2%), from €5,381 to €8,352
- Taxes +€1,127
new in 2025: €1,127
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 | €46,896 | €48,209 | +€1,314 | +2.8% |
| Fixed assets | 21/28 | €20,775 | €23,168 | +€2,393 | +11.5% |
| Tangible fixed assets | 22/27 | €20,775 | €23,168 | +€2,393 | +11.5% |
| Plant, machinery and equipment | 23 | - | €2,277 | +€2,277 | |
| Furniture and vehicles | 24 | €20,775 | €20,892 | +€117 | +0.6% |
| Current assets | 29/58 | €26,121 | €25,041 | -€1,080 | -4.1% |
| Amounts receivable within one year | 40/41 | €13,203 | €23,280 | +€10,077 | +76.3% |
| Trade receivables | 40 | €10,184 | €19,905 | +€9,721 | +95.5% |
| Other amounts receivable | 41 | €3,019 | €3,375 | +€356 | +11.8% |
| Cash at bank and in hand | 54/58 | €12,917 | €1,761 | -€11,157 | -86.4% |
| Total equity and liabilities | 10/49 | €46,896 | €48,209 | +€1,314 | +2.8% |
| Equity | 10/15 | €4,042 | €4,969 | +€927 | +22.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,958 | -€2,031 | +€927 | +31.3% |
| Amounts payable | 17/49 | €42,854 | €43,241 | +€387 | +0.9% |
| Amounts payable within one year | 42/48 | €42,854 | €43,241 | +€387 | +0.9% |
| Trade debts | 44 | €16,921 | €1,466 | -€15,456 | -91.3% |
| Suppliers | 440/4 | €16,921 | €1,466 | -€15,456 | -91.3% |
| Advances received on contracts in progress | 46 | €4,933 | €6,143 | +€1,210 | +24.5% |
| Taxes, remuneration and social security | 45 | - | €1,407 | +€1,407 | |
| Taxes | 450/3 | - | €1,407 | +€1,407 | |
| Other amounts payable | 47/48 | €21,000 | €34,225 | +€13,225 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,381 | €8,352 | +€2,970 | +55.2% |
| Other operating charges | 640/8 | €3,689 | €7,586 | +€3,897 | +106% |
| Gross operating margin | 9900 | €13,770 | €18,104 | +€4,334 | +31.5% |
| Operating profit (loss) | 9901 | €4,699 | €2,166 | -€2,533 | -53.9% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €38 | €160 | +€122 | +323% |
| Recurring financial charges | 65 | €38 | €160 | +€122 | +323% |
| Profit (loss) for the period before taxes | 9903 | €4,662 | €2,053 | -€2,608 | -56.0% |
| Income taxes | 67/77 | - | €1,127 | +€1,127 | |
| Profit (loss) for the period | 9904 | €4,662 | €927 | -€3,735 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,662 | €927 | -€3,735 | -80.1% |
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 27 October 2026 via checked.be.