RC2: what changed
Two fiscal 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.
RC2
Largest movements
- Receivables within one year +€5,735
up €5,735 (+11.4%), from €50,362 to €56,097
of which Trade receivables: +€5,332
- Profit (loss) carried forward +€5,993
up €5,993 (+13.0%), from -€45,928 to -€39,936
- Short-term financial debts -€4,666
down €4,666 (-26.3%), from €17,749 to €13,083
- Trade debts +€2,361
up €2,361 (+55.9%), from €4,227 to €6,588
- Tax, wage and social debts +€2,171
up €2,171 (+77.1%), from €2,817 to €4,989
- Gross operating margin -€27,392
down €27,392 (-69.3%), from €39,517 to €12,125
- Financial charges +€773
up €773 (+34.8%), from €2,218 to €2,991
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,581 | €69,441 | +€5,860 | +9.2% |
| Fixed assets | 21/28 | €360 | €180 | -€180 | -50.0% |
| Intangible fixed assets | 21 | €360 | €180 | -€180 | -50.0% |
| Current assets | 29/58 | €63,221 | €69,261 | +€6,040 | +9.6% |
| Amounts receivable after more than one year | 29 | €12,700 | €12,700 | = | 0.0% |
| Other amounts receivable | 291 | €12,700 | €12,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,362 | €56,097 | +€5,735 | +11.4% |
| Trade receivables | 40 | €6,573 | €11,905 | +€5,332 | +81.1% |
| Other amounts receivable | 41 | €43,789 | €44,192 | +€403 | +0.9% |
| Deferred charges and accrued income | 490/1 | €160 | €464 | +€304 | +190.7% |
| Total equity and liabilities | 10/49 | €63,581 | €69,441 | +€5,860 | +9.2% |
| Equity | 10/15 | €38,788 | €44,781 | +€5,993 | +15.4% |
| Contributions | 10/11 | €71,778 | €71,778 | = | 0.0% |
| Reserves | 13 | €12,939 | €12,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €751 | €751 | = | 0.0% |
| Reserves not available under the articles | 1311 | €751 | €751 | = | 0.0% |
| Distributable reserves | 133 | €12,188 | €12,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,928 | -€39,936 | +€5,993 | +13.0% |
| Amounts payable | 17/49 | €24,793 | €24,660 | -€133 | -0.5% |
| Amounts payable within one year | 42/48 | €24,793 | €24,660 | -€133 | -0.5% |
| Financial debts | 43 | €17,749 | €13,083 | -€4,666 | -26.3% |
| Credit institutions | 430/8 | €17,749 | €13,083 | -€4,666 | -26.3% |
| Trade debts | 44 | €4,227 | €6,588 | +€2,361 | +55.9% |
| Suppliers | 440/4 | €4,227 | €6,588 | +€2,361 | +55.9% |
| Taxes, remuneration and social security | 45 | €2,817 | €4,989 | +€2,171 | +77.1% |
| Taxes | 450/3 | €2,817 | €4,989 | +€2,171 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €180 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €39,517 | €12,125 | -€27,392 | -69.3% |
| Operating profit (loss) | 9901 | €38,824 | €11,418 | -€27,406 | -70.6% |
| Financial charges | 65/66B | €2,218 | €2,991 | +€773 | +34.8% |
| Recurring financial charges | 65 | €2,218 | €2,991 | +€773 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €36,606 | €8,427 | -€28,179 | -77.0% |
| Income taxes | 67/77 | €2,216 | €2,434 | +€218 | +9.8% |
| Profit (loss) for the period | 9904 | €34,390 | €5,993 | -€28,398 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,390 | €5,993 | -€28,398 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.