RC EN S: 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 EN S
Largest movements
- Receivables within one year -€17,825
down €17,825 (-92.2%), from €19,325 to €1,500
of which Trade receivables: -€17,825
- Tangible fixed assets -€15,274
down €15,274 (-3.9%), from €393,680 to €378,406
- Current investments -€15,000
down €15,000 (-75.0%), from €20,000 to €5,000
- Other debts -€68,381
down €68,381 (-90.8%), from €75,344 to €6,963
- Reserves +€50,000
up €50,000 (+422%), from €11,859 to €61,859
of which Distributable reserves: +€50,000
- Short-term financial debts -€30,000
down €30,000 (-20.0%), from €150,000 to €120,000
- Tax, wage and social debts -€6,120
down €6,120 (-32.6%), from €18,757 to €12,637
- Gross operating margin +€29,383
up €29,383 (+40.8%), from €72,035 to €101,418
- Taxes +€13,201
up €13,201 (+228%), from €5,800 to €19,001
- Financial charges +€10,344
up €10,344 (+14,170%), from €73 to €10,417
- Depreciation -€5,454
down €5,454 (-26.3%), from €20,728 to €15,274
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 | €437,007 | €386,903 | -€50,104 | -11.5% |
| Fixed assets | 21/28 | €393,680 | €378,406 | -€15,274 | -3.9% |
| Tangible fixed assets | 22/27 | €393,680 | €378,406 | -€15,274 | -3.9% |
| Land and buildings | 22 | €393,680 | €378,406 | -€15,274 | -3.9% |
| Current assets | 29/58 | €43,327 | €8,497 | -€34,830 | -80.4% |
| Amounts receivable within one year | 40/41 | €19,325 | €1,500 | -€17,825 | -92.2% |
| Trade receivables | 40 | €17,825 | - | -€17,825 | |
| Other amounts receivable | 41 | €1,500 | €1,500 | = | 0.0% |
| Current investments | 50/53 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €4,002 | €1,997 | -€2,005 | -50.1% |
| Total equity and liabilities | 10/49 | €437,007 | €386,903 | -€50,104 | -11.5% |
| Equity | 10/15 | €190,086 | €243,179 | +€53,092 | +27.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €61,859 | +€50,000 | +422% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €159,635 | €162,727 | +€3,092 | +1.9% |
| Amounts payable | 17/49 | €246,920 | €143,724 | -€103,196 | -41.8% |
| Amounts payable within one year | 42/48 | €246,920 | €143,724 | -€103,196 | -41.8% |
| Financial debts | 43 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Other loans | 439 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Trade debts | 44 | €2,819 | €4,124 | +€1,305 | +46.3% |
| Suppliers | 440/4 | €2,819 | €4,124 | +€1,305 | +46.3% |
| Taxes, remuneration and social security | 45 | €18,757 | €12,637 | -€6,120 | -32.6% |
| Taxes | 450/3 | €18,757 | €12,637 | -€6,120 | -32.6% |
| Other amounts payable | 47/48 | €75,344 | €6,963 | -€68,381 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,728 | €15,274 | -€5,454 | -26.3% |
| Other operating charges | 640/8 | €3,388 | €3,634 | +€246 | +7.3% |
| Gross operating margin | 9900 | €72,035 | €101,418 | +€29,383 | +40.8% |
| Operating profit (loss) | 9901 | €47,919 | €82,510 | +€34,591 | +72.2% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €73 | €10,417 | +€10,344 | +14,170% |
| Recurring financial charges | 65 | €73 | €10,417 | +€10,344 | +14,170% |
| Profit (loss) for the period before taxes | 9903 | €47,877 | €72,093 | +€24,217 | +50.6% |
| Income taxes | 67/77 | €5,800 | €19,001 | +€13,201 | +228% |
| Profit (loss) for the period | 9904 | €42,077 | €53,092 | +€11,016 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,077 | €53,092 | +€11,016 | +26.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.