RCO Consult: 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.
RCO Consult
Largest movements
- Current investments +€250,000
up €250,000 (+27.4%), from €912,831 to €1.2m
- Receivables within one year -€87,071
down €87,071 (-19.4%), from €448,073 to €361,002
- Cash -€49,989
down €49,989 (-41.2%), from €121,323 to €71,334
mainly Contributions, distributions and other (-€514,286) and Current investments (-€250,000)
- Reserves +€167,488
up €167,488 (+24.8%), from €674,502 to €841,990
of which Distributable reserves: +€167,488
- Other debts -€40,000
down €40,000 (-10.0%), from €400,000 to €360,000
- Gross operating margin +€27,597
up €27,597 (+3.3%), from €842,529 to €870,126
- Taxes +€17,925
up €17,925 (+7.8%), from €229,330 to €247,255
- Financial income +€12,647
up €12,647 (+22.0%), from €57,429 to €70,076
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 | €1,507,301 | €1,629,480 | +€122,178 | +8.1% |
| Fixed assets | 21/28 | €21,203 | €28,730 | +€7,527 | +35.5% |
| Tangible fixed assets | 22/27 | €18,724 | €26,252 | +€7,527 | +40.2% |
| Plant, machinery and equipment | 23 | €6,335 | €5,353 | -€983 | -15.5% |
| Furniture and vehicles | 24 | €12,389 | €20,899 | +€8,510 | +68.7% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €1,486,098 | €1,600,749 | +€114,651 | +7.7% |
| Amounts receivable within one year | 40/41 | €448,073 | €361,002 | -€87,071 | -19.4% |
| Other amounts receivable | 41 | €448,073 | €361,002 | -€87,071 | -19.4% |
| Current investments | 50/53 | €912,831 | €1,162,831 | +€250,000 | +27.4% |
| Cash at bank and in hand | 54/58 | €121,323 | €71,334 | -€49,989 | -41.2% |
| Deferred charges and accrued income | 490/1 | €3,871 | €5,582 | +€1,711 | +44.2% |
| Total equity and liabilities | 10/49 | €1,507,301 | €1,629,480 | +€122,178 | +8.1% |
| Equity | 10/15 | €891,747 | €1,059,235 | +€167,488 | +18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €674,502 | €841,990 | +€167,488 | +24.8% |
| 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 | €672,642 | €840,130 | +€167,488 | +24.9% |
| Profit (loss) carried forward | 14 | €204,846 | €204,846 | = | 0.0% |
| Amounts payable | 17/49 | €615,554 | €570,244 | -€45,310 | -7.4% |
| Amounts payable within one year | 42/48 | €615,554 | €570,244 | -€45,310 | -7.4% |
| Trade debts | 44 | €19,792 | €24,901 | +€5,109 | +25.8% |
| Suppliers | 440/4 | €19,792 | €24,901 | +€5,109 | +25.8% |
| Taxes, remuneration and social security | 45 | €195,762 | €185,344 | -€10,418 | -5.3% |
| Taxes | 450/3 | €195,762 | €185,344 | -€10,418 | -5.3% |
| Other amounts payable | 47/48 | €400,000 | €360,000 | -€40,000 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,200 | €5,188 | +€988 | +23.5% |
| Other operating charges | 640/8 | €384 | €2,435 | +€2,050 | +533% |
| Gross operating margin | 9900 | €842,529 | €870,126 | +€27,597 | +3.3% |
| Operating profit (loss) | 9901 | €837,944 | €862,504 | +€24,559 | +2.9% |
| Financial income | 75/76B | €57,429 | €70,076 | +€12,647 | +22.0% |
| Recurring financial income | 75 | €57,429 | €70,076 | +€12,647 | +22.0% |
| Financial charges | 65/66B | €2,922 | €3,551 | +€629 | +21.5% |
| Recurring financial charges | 65 | €2,922 | €3,551 | +€629 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €892,451 | €929,029 | +€36,578 | +4.1% |
| Income taxes | 67/77 | €229,330 | €247,255 | +€17,925 | +7.8% |
| Profit (loss) for the period | 9904 | €663,121 | €681,774 | +€18,653 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €663,121 | €681,774 | +€18,653 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.