RC Management: 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 Management
Largest movements
- Receivables within one year +€24,532
up €24,532 (+110%), from €22,267 to €46,799
of which Trade receivables: +€36,762
- Tangible fixed assets -€14,839
down €14,839 (-26.2%), from €56,581 to €41,742
- Cash -€1,895
down €1,895 (-31.1%), from €6,097 to €4,202
mainly Receivables within one year (-€24,532) and Debts after one year (-€15,007)
- Reserves +€15,366
up €15,366 (+91.2%), from €16,854 to €32,219
- Debts after one year -€15,007
down €15,007 (-34.5%), from €43,497 to €28,490
- Tax, wage and social debts +€6,265
up €6,265 (+81.0%), from €7,736 to €14,001
of which Remuneration and social security: +€8,100
- Gross operating margin +€9,002
up €9,002 (+28.7%), from €31,313 to €40,315
- Taxes +€1,943
up €1,943 (+69.3%), from €2,806 to €4,749
- Financial charges -€792
down €792 (-19.4%), from €4,091 to €3,299
- Financial income -€565
down €565 (-56.2%), from €1,005 to €440
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 | €87,547 | €95,846 | +€8,299 | +9.5% |
| Fixed assets | 21/28 | €56,581 | €41,742 | -€14,839 | -26.2% |
| Tangible fixed assets | 22/27 | €56,581 | €41,742 | -€14,839 | -26.2% |
| Leasing and similar rights | 25 | €56,581 | €41,742 | -€14,839 | -26.2% |
| Current assets | 29/58 | €30,967 | €54,104 | +€23,137 | +74.7% |
| Amounts receivable within one year | 40/41 | €22,267 | €46,799 | +€24,532 | +110% |
| Trade receivables | 40 | €5,902 | €42,664 | +€36,762 | +623% |
| Other amounts receivable | 41 | €16,365 | €4,135 | -€12,230 | -74.7% |
| Cash at bank and in hand | 54/58 | €6,097 | €4,202 | -€1,895 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,603 | €3,103 | +€501 | +19.2% |
| Total equity and liabilities | 10/49 | €87,547 | €95,846 | +€8,299 | +9.5% |
| Equity | 10/15 | €20,854 | €36,219 | +€15,366 | +73.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,854 | €32,219 | +€15,366 | +91.2% |
| Distributable reserves | 133 | €16,854 | €32,219 | +€15,366 | +91.2% |
| Amounts payable | 17/49 | €66,694 | €59,627 | -€7,067 | -10.6% |
| Amounts payable after more than one year | 17 | €43,497 | €28,490 | -€15,007 | -34.5% |
| Financial debts | 170/4 | €43,497 | €28,490 | -€15,007 | -34.5% |
| Amounts payable within one year | 42/48 | €23,197 | €31,137 | +€7,940 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €14,147 | €15,007 | +€860 | +6.1% |
| Trade debts | 44 | €1,314 | €2,016 | +€702 | +53.4% |
| Suppliers | 440/4 | €1,314 | €2,016 | +€702 | +53.4% |
| Taxes, remuneration and social security | 45 | €7,736 | €14,001 | +€6,265 | +81.0% |
| Taxes | 450/3 | €7,436 | €5,601 | -€1,835 | -24.7% |
| Remuneration and social security | 454/9 | €300 | €8,400 | +€8,100 | +2,700% |
| Other amounts payable | 47/48 | - | €114 | +€114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,839 | €14,839 | = | 0.0% |
| Other operating charges | 640/8 | €2,791 | €2,503 | -€288 | -10.3% |
| Gross operating margin | 9900 | €31,313 | €40,315 | +€9,002 | +28.7% |
| Operating profit (loss) | 9901 | €13,683 | €22,974 | +€9,290 | +67.9% |
| Financial income | 75/76B | €1,005 | €440 | -€565 | -56.2% |
| Recurring financial income | 75 | €1,005 | €440 | -€565 | -56.2% |
| Financial charges | 65/66B | €4,091 | €3,299 | -€792 | -19.4% |
| Recurring financial charges | 65 | €4,091 | €3,299 | -€792 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €10,597 | €20,114 | +€9,518 | +89.8% |
| Income taxes | 67/77 | €2,806 | €4,749 | +€1,943 | +69.3% |
| Profit (loss) for the period | 9904 | €7,791 | €15,366 | +€7,574 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,791 | €15,366 | +€7,574 | +97.2% |
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 14 October 2026 via checked.be.