RCMARKET: 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.
RCMARKET
Largest movements
- Current investments +€133,612
new in 2025: €133,612
- Cash -€115,430
no longer reported in 2025 (was €115,430)
mainly Current investments (-€133,612) and Investment in fixed assets (net) (-€53,749)
- Stocks and contracts -€40,588
down €40,588 (-62.6%), from €64,795 to €24,207
- Receivables within one year +€20,422
up €20,422 (+179%), from €11,418 to €31,840
of which Trade receivables: +€31,219
- Tangible fixed assets +€10,663
up €10,663 (+4.9%), from €219,047 to €229,710
of which Furniture and vehicles: +€34,627
- Reserves +€20,292
up €20,292 (+23.2%), from €87,324 to €107,616
of which Distributable reserves: +€20,292
- Other debts -€20,200
down €20,200 (-16.8%), from €120,364 to €100,164
- Trade debts -€9,870
down €9,870 (-29.4%), from €33,613 to €23,743
- Debts after one year +€8,002
up €8,002 (+7.7%), from €103,371 to €111,373
- Current portion of long-term debt +€6,978
up €6,978 (+39.4%), from €17,702 to €24,680
- Gross operating margin +€30,112
up €30,112 (+42.7%), from €70,513 to €100,625
- Financial charges +€11,317
up €11,317 (+229%), from €4,933 to €16,250
- Write-downs +€9,585
up €9,585 (+376%), from €2,547 to €12,132
- Depreciation +€5,489
up €5,489 (+14.4%), from €38,231 to €43,720
- Financial income +€5,474
up €5,474 (+2,059%), from €266 to €5,740
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 | €413,746 | €420,177 | +€6,432 | +1.6% |
| Fixed assets | 21/28 | €220,491 | €230,519 | +€10,029 | +4.5% |
| Intangible fixed assets | 21 | €1,443 | €809 | -€634 | -43.9% |
| Tangible fixed assets | 22/27 | €219,047 | €229,710 | +€10,663 | +4.9% |
| Land and buildings | 22 | €172,319 | €149,540 | -€22,780 | -13.2% |
| Plant, machinery and equipment | 23 | €1,314 | €772 | -€543 | -41.3% |
| Furniture and vehicles | 24 | €42,692 | €77,319 | +€34,627 | +81.1% |
| Other tangible fixed assets | 26 | €2,722 | €2,080 | -€642 | -23.6% |
| Current assets | 29/58 | €193,255 | €189,658 | -€3,597 | -1.9% |
| Stocks and contracts in progress | 3 | €64,795 | €24,207 | -€40,588 | -62.6% |
| Stocks | 30/36 | €64,795 | €24,207 | -€40,588 | -62.6% |
| Amounts receivable within one year | 40/41 | €11,418 | €31,840 | +€20,422 | +179% |
| Trade receivables | 40 | - | €31,219 | +€31,219 | |
| Other amounts receivable | 41 | €11,418 | €621 | -€10,797 | -94.6% |
| Current investments | 50/53 | - | €133,612 | +€133,612 | |
| Cash at bank and in hand | 54/58 | €115,430 | - | -€115,430 | |
| Deferred charges and accrued income | 490/1 | €1,612 | €0 | -€1,612 | -100% |
| Total equity and liabilities | 10/49 | €413,746 | €420,177 | +€6,432 | +1.6% |
| Equity | 10/15 | €105,924 | €126,216 | +€20,292 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,324 | €107,616 | +€20,292 | +23.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,464 | €105,756 | +€20,292 | +23.7% |
| Amounts payable | 17/49 | €307,821 | €293,962 | -€13,860 | -4.5% |
| Amounts payable after more than one year | 17 | €103,371 | €111,373 | +€8,002 | +7.7% |
| Financial debts | 170/4 | €103,371 | €111,373 | +€8,002 | +7.7% |
| Amounts payable within one year | 42/48 | €204,450 | €182,589 | -€21,862 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €17,702 | €24,680 | +€6,978 | +39.4% |
| Trade debts | 44 | €33,613 | €23,743 | -€9,870 | -29.4% |
| Suppliers | 440/4 | €33,613 | €23,743 | -€9,870 | -29.4% |
| Taxes, remuneration and social security | 45 | €32,772 | €34,002 | +€1,231 | +3.8% |
| Taxes | 450/3 | €31,572 | €34,002 | +€2,431 | +7.7% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €120,364 | €100,164 | -€20,200 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,231 | €43,720 | +€5,489 | +14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,547 | €12,132 | +€9,585 | +376% |
| Other operating charges | 640/8 | €5,867 | €8,168 | +€2,302 | +39.2% |
| Gross operating margin | 9900 | €70,513 | €100,625 | +€30,112 | +42.7% |
| Operating profit (loss) | 9901 | €23,868 | €36,604 | +€12,736 | +53.4% |
| Financial income | 75/76B | €266 | €5,740 | +€5,474 | +2,059% |
| Recurring financial income | 75 | €266 | €5,740 | +€5,474 | +2,059% |
| Financial charges | 65/66B | €4,933 | €16,250 | +€11,317 | +229% |
| Recurring financial charges | 65 | €4,933 | €16,250 | +€11,317 | +229% |
| Profit (loss) for the period before taxes | 9903 | €19,201 | €26,094 | +€6,893 | +35.9% |
| Income taxes | 67/77 | €8,482 | €5,802 | -€2,679 | -31.6% |
| Profit (loss) for the period | 9904 | €10,719 | €20,292 | +€9,573 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,719 | €20,292 | +€9,573 | +89.3% |
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.