RCA: 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.
What changed
RCA
NACE 74.209, Other photographic activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€291,128
2024 · -€65,564-€225,564
Equity
€759,886
2024 · €1.1m-€291,128
Cash
€983,477
2024 · €393,275+€590,203
Balance sheet total
€5.5m
2024 · €4.8m+€734,706
Largest movements
Assets
- Cash +€590,203
up €590,203 (+150.1%), from €393,275 to €983,477
mainly Trade debts (+€1.6m) and Depreciation (+€151,153)
- Intangible fixed assets +€196,603
new in 2025: €196,603
- Tangible fixed assets -€98,100
down €98,100 (-20.2%), from €486,008 to €387,908
Equity and liabilities
- Trade debts +€1.6m
up €1.6m (+89.8%), from €1.8m to €3.3m
- Profit (loss) carried forward -€291,128
down €291,128 (-444.0%), from -€65,564 to -€356,693
- Advances received -€267,481
down €267,481 (-46.6%), from €573,848 to €306,367
- Short-term financial debts -€158,783
no longer reported in 2025 (was €158,783)
- Other debts -€69,461
down €69,461 (-52.6%), from €132,095 to €62,634
Income statement
- Turnover -€1.3m
down €1.3m (-8.2%), from €16.0m to €14.7m
- Goods and materials -€1.1m
down €1.1m (-10.9%), from €10.2m to €9.1m
of which Purchases: -€1.1m
- Services and other goods +€178,593
up €178,593 (+8.5%), from €2.1m to €2.3m
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.
Result 2024
-€65,564
Turnover
-€1.3m
Other operating income
+€23,480
Goods and materials
+€1.1m
Services and other goods
-€178,593
Staff costs
-€82,846
Depreciation
+€10,609
Write-downs
-€34,776
Other operating charges
+€1,415
Other operating items
+€157,197
Financial income
+€10,639
Financial charges
-€7,416
Taxes
+€76,064
Result 2025
-€291,128
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.
From operations
+€998,640
Investment
-€249,655
Financing
-€158,783
Cash 2024
€393,275
From operations (derived)
+€998,640
Net result for the year
-€291,128
Depreciation
+€151,153
Receivables within one year
-€20,278
Deferred charges and accrued income
-€25,722
Trade debts
+€1.6m
Tax, wage and social debts
-€11,119
Advances received
-€267,481
Other debts
-€69,461
Accrued charges and deferred income
-€44,117
Investment (derived)
-€249,655
Investment in fixed assets (net)
-€249,655
Financing
-€158,783
Short-term financial debts
-€158,783
Cash 2025
€983,477
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,789,837 | €5,524,543 | +€734,706 | +15.3% |
| Fixed assets | 21/28 | €608,440 | €706,943 | +€98,502 | +16.2% |
| Intangible fixed assets | 21 | - | €196,603 | +€196,603 | |
| Tangible fixed assets | 22/27 | €486,008 | €387,908 | -€98,100 | -20.2% |
| Land and buildings | 22 | €344,124 | €300,227 | -€43,897 | -12.8% |
| Plant, machinery and equipment | 23 | €37,249 | €15,166 | -€22,083 | -59.3% |
| Furniture and vehicles | 24 | €104,636 | €72,515 | -€32,121 | -30.7% |
| Financial fixed assets | 28 | €122,432 | €122,432 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €122,432 | €122,432 | +€0 | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €122,432 | €122,432 | +€0 | 0.0% |
| Current assets | 29/58 | €4,181,397 | €4,817,600 | +€636,204 | +15.2% |
| Amounts receivable within one year | 40/41 | €3,424,618 | €3,444,896 | +€20,278 | +0.6% |
| Trade receivables | 40 | €2,716,383 | €2,892,570 | +€176,187 | +6.5% |
| Other amounts receivable | 41 | €708,235 | €552,327 | -€155,908 | -22.0% |
| Cash at bank and in hand | 54/58 | €393,275 | €983,477 | +€590,203 | +150.1% |
| Deferred charges and accrued income | 490/1 | €363,504 | €389,226 | +€25,722 | +7.1% |
| Total equity and liabilities | 10/49 | €4,789,837 | €5,524,543 | +€734,706 | +15.3% |
| Equity | 10/15 | €1,051,014 | €759,886 | -€291,128 | -27.7% |
| Contributions | 10/11 | €74,957 | €74,957 | = | 0.0% |
| Reserves | 13 | €1,041,622 | €1,041,622 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,965 | €10,965 | = | 0.0% |
| Distributable reserves | 133 | €1,030,657 | €1,030,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,564 | -€356,693 | -€291,128 | -444.0% |
| Amounts payable | 17/49 | €3,738,823 | €4,764,658 | +€1.0m | +27.4% |
| Amounts payable within one year | 42/48 | €3,312,605 | €4,382,556 | +€1.1m | +32.3% |
| Financial debts | 43 | €158,783 | - | -€158,783 | |
| Credit institutions | 430/8 | €158,783 | - | -€158,783 | |
| Trade debts | 44 | €1,755,292 | €3,332,087 | +€1.6m | +89.8% |
| Suppliers | 440/4 | €1,755,292 | €3,332,087 | +€1.6m | +89.8% |
| Advances received on contracts in progress | 46 | €573,848 | €306,367 | -€267,481 | -46.6% |
| Taxes, remuneration and social security | 45 | €692,586 | €681,468 | -€11,119 | -1.6% |
| Taxes | 450/3 | €298,749 | €274,940 | -€23,808 | -8.0% |
| Remuneration and social security | 454/9 | €393,838 | €406,528 | +€12,690 | +3.2% |
| Other amounts payable | 47/48 | €132,095 | €62,634 | -€69,461 | -52.6% |
| Accrued charges and deferred income | 492/3 | €426,219 | €382,102 | -€44,117 | -10.4% |
| Operating income | 70/76A | €16,166,317 | €15,028,395 | -€1.1m | -7.0% |
| Turnover | 70 | €16,012,487 | €14,693,888 | -€1.3m | -8.2% |
| Own construction capitalised | 72 | - | €157,197 | +€157,197 | |
| Other operating income | 74 | €153,830 | €177,310 | +€23,480 | +15.3% |
| Operating charges | 60/66A | €16,091,577 | €15,258,506 | -€833,071 | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €10,242,154 | €9,124,892 | -€1.1m | -10.9% |
| Purchases | 600/8 | €10,242,154 | €9,124,892 | -€1.1m | -10.9% |
| Change in stocks: decrease (increase) | 609 | - | €0 | = | |
| Services and other goods | 61 | €2,093,485 | €2,272,077 | +€178,593 | +8.5% |
| Remuneration, social security and pensions | 62 | €3,556,888 | €3,639,735 | +€82,846 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,761 | €151,153 | -€10,609 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,562 | €8,214 | +€34,776 | |
| Other operating charges | 640/8 | €63,851 | €62,436 | -€1,415 | -2.2% |
| Operating profit (loss) | 9901 | €74,740 | -€230,111 | -€304,851 | |
| Financial income | 75/76B | €73 | €10,713 | +€10,639 | +14540.7% |
| Recurring financial income | 75 | €73 | €10,713 | +€10,639 | +14540.7% |
| Other financial income | 752/9 | €73 | €10,713 | +€10,639 | +14540.7% |
| Financial charges | 65/66B | €74,654 | €82,070 | +€7,416 | +9.9% |
| Recurring financial charges | 65 | €74,654 | €77,835 | +€3,181 | +4.3% |
| Debt charges | 650 | €42,545 | €47,324 | +€4,780 | +11.2% |
| Other financial charges | 652/9 | €32,109 | €30,511 | -€1,599 | -5.0% |
| Non-recurring financial charges | 66B | - | €4,235 | +€4,235 | |
| Profit (loss) for the period before taxes | 9903 | €159 | -€301,468 | -€301,628 | |
| Income taxes | 67/77 | €65,724 | -€10,340 | -€76,064 | |
| Taxes | 670/3 | €65,724 | €24,496 | -€41,228 | -62.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €34,836 | +€34,836 | |
| Profit (loss) for the period | 9904 | -€65,564 | -€291,128 | -€225,564 | -344.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,564 | -€291,128 | -€225,564 | -344.0% |
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.