RCL 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.
RCL Management
Largest movements
- Receivables within one year -€29,129
down €29,129 (-9.5%), from €305,087 to €275,958
of which Trade receivables: -€34,700
- Tangible fixed assets -€11,990
down €11,990 (-38.0%), from €31,568 to €19,578
- Other debts -€31,146
down €31,146 (-5.5%), from €568,984 to €537,838
- Gross operating margin +€46,304
up €46,304 (+10.3%), from €448,702 to €495,006
- Taxes +€9,400
up €9,400 (+8.6%), from €108,821 to €118,221
- Depreciation +€7,344
up €7,344 (+158%), from €4,646 to €11,990
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 | €622,184 | €584,140 | -€38,044 | -6.1% |
| Fixed assets | 21/28 | €31,568 | €19,578 | -€11,990 | -38.0% |
| Tangible fixed assets | 22/27 | €31,568 | €19,578 | -€11,990 | -38.0% |
| Furniture and vehicles | 24 | €31,568 | €19,578 | -€11,990 | -38.0% |
| Current assets | 29/58 | €590,615 | €564,562 | -€26,054 | -4.4% |
| Amounts receivable within one year | 40/41 | €305,087 | €275,958 | -€29,129 | -9.5% |
| Trade receivables | 40 | €288,700 | €254,000 | -€34,700 | -12.0% |
| Other amounts receivable | 41 | €16,387 | €21,958 | +€5,571 | +34.0% |
| Cash at bank and in hand | 54/58 | €283,074 | €285,920 | +€2,846 | +1.0% |
| Deferred charges and accrued income | 490/1 | €2,455 | €2,683 | +€229 | +9.3% |
| Total equity and liabilities | 10/49 | €622,184 | €584,140 | -€38,044 | -6.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €601,724 | €563,680 | -€38,044 | -6.3% |
| Amounts payable within one year | 42/48 | €601,724 | €563,171 | -€38,552 | -6.4% |
| Financial debts | 43 | €5,497 | €1,330 | -€4,168 | -75.8% |
| Credit institutions | 430/8 | €5,497 | €1,330 | -€4,168 | -75.8% |
| Trade debts | 44 | €2,039 | €1,080 | -€959 | -47.0% |
| Suppliers | 440/4 | €2,039 | €1,080 | -€959 | -47.0% |
| Taxes, remuneration and social security | 45 | €25,204 | €22,924 | -€2,280 | -9.0% |
| Taxes | 450/3 | €20,404 | €20,774 | +€370 | +1.8% |
| Remuneration and social security | 454/9 | €4,800 | €2,150 | -€2,650 | -55.2% |
| Other amounts payable | 47/48 | €568,984 | €537,838 | -€31,146 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €508 | +€508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,646 | €11,990 | +€7,344 | +158% |
| Other operating charges | 640/8 | €1,209 | €465 | -€743 | -61.5% |
| Gross operating margin | 9900 | €448,702 | €495,006 | +€46,304 | +10.3% |
| Operating profit (loss) | 9901 | €442,847 | €482,551 | +€39,704 | +9.0% |
| Financial income | 75/76B | €2 | €54 | +€53 | +3,018% |
| Recurring financial income | 75 | €2 | €54 | +€53 | +3,018% |
| Financial charges | 65/66B | €1,279 | €507 | -€773 | -60.4% |
| Recurring financial charges | 65 | €1,279 | €507 | -€773 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €441,570 | €482,098 | +€40,529 | +9.2% |
| Income taxes | 67/77 | €108,821 | €118,221 | +€9,400 | +8.6% |
| Profit (loss) for the period | 9904 | €332,749 | €363,877 | +€31,129 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €332,749 | €363,877 | +€31,129 | +9.4% |
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 23 October 2026 via checked.be.