RC PROD: 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 PROD
Largest movements
- Receivables within one year -€116,641
down €116,641 (-73.6%), from €158,560 to €41,920
of which Trade receivables: -€103,280
- Tangible fixed assets +€91,061
up €91,061 (+52.2%), from €174,553 to €265,614
of which Land and buildings: +€110,724
- Stocks and contracts +€80,993
up €80,993 (+49.2%), from €164,765 to €245,758
- Cash -€44,811
down €44,811 (-50.6%), from €88,620 to €43,810
mainly Other debts (-€144,182) and Investment in fixed assets (net) (-€128,376)
- Intangible fixed assets -€7,477
down €7,477 (-28.9%), from €25,903 to €18,426
- Debts after one year +€245,291
up €245,291 (+307%), from €79,802 to €325,093
- Other debts -€144,182
down €144,182 (-96.7%), from €149,159 to €4,977
- Profit (loss) carried forward -€106,910
down €106,910 (-457%), from -€23,385 to -€130,295
- Trade debts -€85,983
down €85,983 (-23.3%), from €368,570 to €282,588
- Short-term financial debts +€55,421
new in 2025: €55,421
- Gross operating margin -€52,077
down €52,077 (-31.3%), from €166,622 to €114,546
- Staff costs +€39,253
up €39,253 (+50.7%), from €77,476 to €116,729
- Other operating charges +€19,726
up €19,726 (+71.1%), from €27,751 to €47,477
- Depreciation +€3,434
up €3,434 (+9.0%), from €38,357 to €41,791
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 | €636,329 | €640,917 | +€4,587 | +0.7% |
| Fixed assets | 21/28 | €221,205 | €307,789 | +€86,585 | +39.1% |
| Intangible fixed assets | 21 | €25,903 | €18,426 | -€7,477 | -28.9% |
| Tangible fixed assets | 22/27 | €174,553 | €265,614 | +€91,061 | +52.2% |
| Land and buildings | 22 | €31,930 | €142,654 | +€110,724 | +347% |
| Plant, machinery and equipment | 23 | €111,804 | €101,758 | -€10,046 | -9.0% |
| Furniture and vehicles | 24 | €30,818 | €21,202 | -€9,616 | -31.2% |
| Financial fixed assets | 28 | €20,749 | €23,749 | +€3,000 | +14.5% |
| Current assets | 29/58 | €415,125 | €333,127 | -€81,997 | -19.8% |
| Stocks and contracts in progress | 3 | €164,765 | €245,758 | +€80,993 | +49.2% |
| Stocks | 30/36 | €164,765 | €245,758 | +€80,993 | +49.2% |
| Amounts receivable within one year | 40/41 | €158,560 | €41,920 | -€116,641 | -73.6% |
| Trade receivables | 40 | €130,599 | €27,319 | -€103,280 | -79.1% |
| Other amounts receivable | 41 | €27,962 | €14,600 | -€13,361 | -47.8% |
| Cash at bank and in hand | 54/58 | €88,620 | €43,810 | -€44,811 | -50.6% |
| Deferred charges and accrued income | 490/1 | €3,179 | €1,641 | -€1,539 | -48.4% |
| Total equity and liabilities | 10/49 | €636,329 | €640,917 | +€4,587 | +0.7% |
| Equity | 10/15 | -€21,385 | -€128,295 | -€106,910 | -500% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,385 | -€130,295 | -€106,910 | -457% |
| Amounts payable | 17/49 | €657,714 | €769,212 | +€111,498 | +17.0% |
| Amounts payable after more than one year | 17 | €79,802 | €325,093 | +€245,291 | +307% |
| Financial debts | 170/4 | €79,802 | €325,093 | +€245,291 | +307% |
| Amounts payable within one year | 42/48 | €577,912 | €444,119 | -€133,793 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €56,883 | €67,424 | +€10,541 | +18.5% |
| Financial debts | 43 | - | €55,421 | +€55,421 | |
| Credit institutions | 430/8 | - | €55,421 | +€55,421 | |
| Trade debts | 44 | €368,570 | €282,588 | -€85,983 | -23.3% |
| Suppliers | 440/4 | €368,570 | €282,588 | -€85,983 | -23.3% |
| Taxes, remuneration and social security | 45 | €3,299 | €33,709 | +€30,409 | +922% |
| Taxes | 450/3 | - | €19,528 | +€19,528 | |
| Remuneration and social security | 454/9 | €3,299 | €14,180 | +€10,881 | +330% |
| Other amounts payable | 47/48 | €149,159 | €4,977 | -€144,182 | -96.7% |
| Remuneration, social security and pensions | 62 | €77,476 | €116,729 | +€39,253 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,357 | €41,791 | +€3,434 | +9.0% |
| Other operating charges | 640/8 | €27,751 | €47,477 | +€19,726 | +71.1% |
| Gross operating margin | 9900 | €166,622 | €114,546 | -€52,077 | -31.3% |
| Operating profit (loss) | 9901 | €23,039 | -€91,452 | -€114,490 | |
| Financial income | 75/76B | €117 | €217 | +€100 | +85.4% |
| Recurring financial income | 75 | €117 | €217 | +€100 | +85.4% |
| Financial charges | 65/66B | €16,232 | €15,676 | -€556 | -3.4% |
| Recurring financial charges | 65 | €16,232 | €15,676 | -€556 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €6,924 | -€106,910 | -€113,834 | |
| Profit (loss) for the period | 9904 | €6,924 | -€106,910 | -€113,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,924 | -€106,910 | -€113,834 |
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 15 October 2026 via checked.be.