RC WORKS: 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 WORKS
Largest movements
- Tangible fixed assets -€132,738
down €132,738 (-77.6%), from €171,002 to €38,264
- Receivables within one year -€13,951
down €13,951 (-87.3%), from €15,979 to €2,028
of which Trade receivables: -€14,479
- Cash +€4,195
up €4,195 (+320200.0%), from €1 to €4,196
mainly Investment in fixed assets (net) (+€116,758) and Depreciation (+€15,980)
- Debts after one year -€78,876
down €78,876 (-79.6%), from €99,048 to €20,172
- Profit (loss) carried forward -€22,295
down €22,295, from €8,159 to -€14,136
- Current portion of long-term debt -€21,361
down €21,361 (-61.5%), from €34,727 to €13,366
- Other debts -€9,370
down €9,370 (-37.8%), from €24,810 to €15,440
- Tax, wage and social debts -€6,814
down €6,814 (-69.1%), from €9,861 to €3,047
- Depreciation -€14,908
down €14,908 (-48.3%), from €30,888 to €15,980
- Gross operating margin -€2,659
down €2,659 (-6.7%), from €39,747 to €37,088
- Financial charges -€2,564
down €2,564 (-27.6%), from €9,276 to €6,712
- Other operating charges +€2,455
up €2,455 (+2271.3%), from €108 to €2,563
- Write-downs +€2,363
new in 2025: €2,363
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.
Cash bridge derived
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 | €188,868 | €44,880 | -€143,988 | -76.2% |
| Fixed assets | 21/28 | €171,002 | €38,264 | -€132,738 | -77.6% |
| Tangible fixed assets | 22/27 | €171,002 | €38,264 | -€132,738 | -77.6% |
| Furniture and vehicles | 24 | €171,002 | €38,264 | -€132,738 | -77.6% |
| Current assets | 29/58 | €17,866 | €6,616 | -€11,250 | -63.0% |
| Amounts receivable within one year | 40/41 | €15,979 | €2,028 | -€13,951 | -87.3% |
| Trade receivables | 40 | €14,479 | - | -€14,479 | |
| Other amounts receivable | 41 | €1,500 | €2,028 | +€528 | +35.2% |
| Cash at bank and in hand | 54/58 | €1 | €4,196 | +€4,195 | +320200.0% |
| Deferred charges and accrued income | 490/1 | €1,886 | €392 | -€1,494 | -79.2% |
| Total equity and liabilities | 10/49 | €188,868 | €44,880 | -€143,988 | -76.2% |
| Equity | 10/15 | €12,159 | -€10,136 | -€22,295 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,159 | -€14,136 | -€22,295 | |
| Amounts payable | 17/49 | €176,709 | €55,016 | -€121,693 | -68.9% |
| Amounts payable after more than one year | 17 | €99,048 | €20,172 | -€78,876 | -79.6% |
| Financial debts | 170/4 | €99,048 | €20,172 | -€78,876 | -79.6% |
| Amounts payable within one year | 42/48 | €75,956 | €33,411 | -€42,545 | -56.0% |
| Current portion of amounts payable after more than one year | 42 | €34,727 | €13,366 | -€21,361 | -61.5% |
| Financial debts | 43 | €2,441 | €45 | -€2,396 | -98.2% |
| Credit institutions | 430/8 | €2,441 | €45 | -€2,396 | -98.2% |
| Trade debts | 44 | €4,116 | €1,513 | -€2,603 | -63.2% |
| Suppliers | 440/4 | €4,116 | €1,513 | -€2,603 | -63.2% |
| Taxes, remuneration and social security | 45 | €9,861 | €3,047 | -€6,814 | -69.1% |
| Taxes | 450/3 | €9,861 | €3,047 | -€6,814 | -69.1% |
| Other amounts payable | 47/48 | €24,810 | €15,440 | -€9,370 | -37.8% |
| Accrued charges and deferred income | 492/3 | €1,705 | €1,432 | -€273 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,888 | €15,980 | -€14,908 | -48.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,363 | +€2,363 | |
| Other operating charges | 640/8 | €108 | €2,563 | +€2,455 | +2271.3% |
| Non-recurring operating charges | 66A | - | €31,758 | +€31,758 | |
| Gross operating margin | 9900 | €39,747 | €37,088 | -€2,659 | -6.7% |
| Operating profit (loss) | 9901 | €8,751 | -€15,576 | -€24,327 | |
| Financial charges | 65/66B | €9,276 | €6,712 | -€2,564 | -27.6% |
| Recurring financial charges | 65 | €9,276 | €6,712 | -€2,564 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | -€525 | -€22,288 | -€21,763 | -4147.5% |
| Income taxes | 67/77 | - | €8 | +€8 | |
| Profit (loss) for the period | 9904 | -€525 | -€22,295 | -€21,770 | -4149.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€525 | -€22,295 | -€21,770 | -4149.0% |
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 10 October 2026 via checked.be.