RCM: 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.
RCM
Largest movements
- Receivables within one year +€7,900
up €7,900 (+19.7%), from €40,100 to €48,000
of which Trade receivables: +€9,900
- Cash +€1,893
up €1,893 (+98.6%), from €1,919 to €3,811
mainly Other debts (+€9,254) and Net result for the year (+€6,311)
- Tangible fixed assets +€777
new in 2025: €777
- Other debts +€9,254
up €9,254 (+26870.6%), from €34 to €9,289
- Profit (loss) carried forward +€6,311
up €6,311 (+3659.3%), from €172 to €6,484
- Tax, wage and social debts -€5,643
down €5,643 (-45.9%), from €12,287 to €6,645
- Gross operating margin -€24,536
down €24,536 (-69.5%), from €35,314 to €10,778
- Taxes -€5,744
down €5,744 (-62.0%), from €9,268 to €3,524
- Other operating charges -€538
down €538 (-57.7%), from €931 to €394
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 | €42,839 | €53,150 | +€10,311 | +24.1% |
| Fixed assets | 21/28 | €820 | €1,338 | +€518 | +63.2% |
| Intangible fixed assets | 21 | €820 | €561 | -€259 | -31.6% |
| Tangible fixed assets | 22/27 | - | €777 | +€777 | |
| Furniture and vehicles | 24 | - | €777 | +€777 | |
| Current assets | 29/58 | €42,019 | €51,811 | +€9,793 | +23.3% |
| Amounts receivable within one year | 40/41 | €40,100 | €48,000 | +€7,900 | +19.7% |
| Trade receivables | 40 | €10,100 | €20,000 | +€9,900 | +98.0% |
| Other amounts receivable | 41 | €30,000 | €28,000 | -€2,000 | -6.7% |
| Cash at bank and in hand | 54/58 | €1,919 | €3,811 | +€1,893 | +98.6% |
| Total equity and liabilities | 10/49 | €42,839 | €53,150 | +€10,311 | +24.1% |
| Equity | 10/15 | €28,172 | €34,484 | +€6,311 | +22.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172 | €6,484 | +€6,311 | +3659.3% |
| Amounts payable | 17/49 | €14,667 | €18,666 | +€3,999 | +27.3% |
| Amounts payable within one year | 42/48 | €14,667 | €18,666 | +€3,999 | +27.3% |
| Trade debts | 44 | €2,345 | €2,733 | +€388 | +16.5% |
| Suppliers | 440/4 | €2,345 | €2,733 | +€388 | +16.5% |
| Taxes, remuneration and social security | 45 | €12,287 | €6,645 | -€5,643 | -45.9% |
| Taxes | 450/3 | €12,287 | €6,645 | -€5,643 | -45.9% |
| Other amounts payable | 47/48 | €34 | €9,289 | +€9,254 | +26870.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €266 | -€209 | -43.9% |
| Other operating charges | 640/8 | €931 | €394 | -€538 | -57.7% |
| Gross operating margin | 9900 | €35,314 | €10,778 | -€24,536 | -69.5% |
| Operating profit (loss) | 9901 | €33,908 | €10,118 | -€23,790 | -70.2% |
| Financial charges | 65/66B | €467 | €282 | -€184 | -39.5% |
| Recurring financial charges | 65 | €467 | €282 | -€184 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €33,441 | €9,836 | -€23,605 | -70.6% |
| Income taxes | 67/77 | €9,268 | €3,524 | -€5,744 | -62.0% |
| Profit (loss) for the period | 9904 | €24,172 | €6,311 | -€17,861 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,172 | €6,311 | -€17,861 | -73.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.