RCO Project 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.
RCO Project Management
Largest movements
- Tangible fixed assets +€5,791
up €5,791 (+286%), from €2,026 to €7,816
of which Furniture and vehicles: +€6,548
- Current investments +€5,000
up €5,000 (+4.2%), from €120,000 to €125,000
- Cash +€2,198
up €2,198 (+4.5%), from €49,119 to €51,317
mainly Other debts (+€122,473) and Net result for the year (+€72,234)
- Other debts +€122,473
up €122,473 (+196%), from €62,586 to €185,059
- Profit (loss) carried forward -€112,766
down €112,766 (-93.2%), from €120,982 to €8,216
- Gross operating margin +€14,922
up €14,922 (+18.9%), from €79,127 to €94,049
- Taxes +€3,287
up €3,287 (+20.0%), from €16,423 to €19,709
- Financial income +€1,518
up €1,518 (+117%), from €1,300 to €2,819
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 | €196,621 | €207,656 | +€11,035 | +5.6% |
| Fixed assets | 21/28 | €2,026 | €7,816 | +€5,791 | +286% |
| Tangible fixed assets | 22/27 | €2,026 | €7,816 | +€5,791 | +286% |
| Plant, machinery and equipment | 23 | €1,755 | €997 | -€757 | -43.2% |
| Furniture and vehicles | 24 | €271 | €6,819 | +€6,548 | +2,416% |
| Current assets | 29/58 | €194,595 | €199,839 | +€5,245 | +2.7% |
| Amounts receivable within one year | 40/41 | €25,476 | €23,522 | -€1,953 | -7.7% |
| Trade receivables | 40 | €25,095 | €23,522 | -€1,573 | -6.3% |
| Other amounts receivable | 41 | €380 | - | -€380 | |
| Current investments | 50/53 | €120,000 | €125,000 | +€5,000 | +4.2% |
| Cash at bank and in hand | 54/58 | €49,119 | €51,317 | +€2,198 | +4.5% |
| Total equity and liabilities | 10/49 | €196,621 | €207,656 | +€11,035 | +5.6% |
| Equity | 10/15 | €128,482 | €15,716 | -€112,766 | -87.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,982 | €8,216 | -€112,766 | -93.2% |
| Amounts payable | 17/49 | €68,139 | €191,939 | +€123,801 | +182% |
| Amounts payable within one year | 42/48 | €68,139 | €191,939 | +€123,801 | +182% |
| Trade debts | 44 | €196 | €274 | +€78 | +39.6% |
| Suppliers | 440/4 | €196 | €274 | +€78 | +39.6% |
| Taxes, remuneration and social security | 45 | €5,356 | €6,606 | +€1,250 | +23.3% |
| Taxes | 450/3 | €5,356 | €6,606 | +€1,250 | +23.3% |
| Other amounts payable | 47/48 | €62,586 | €185,059 | +€122,473 | +196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,515 | €3,567 | +€52 | +1.5% |
| Other operating charges | 640/8 | €984 | €1,128 | +€145 | +14.7% |
| Gross operating margin | 9900 | €79,127 | €94,049 | +€14,922 | +18.9% |
| Operating profit (loss) | 9901 | €74,629 | €89,354 | +€14,726 | +19.7% |
| Financial income | 75/76B | €1,300 | €2,819 | +€1,518 | +117% |
| Recurring financial income | 75 | €1,300 | €2,819 | +€1,518 | +117% |
| Financial charges | 65/66B | €321 | €230 | -€91 | -28.4% |
| Recurring financial charges | 65 | €321 | €230 | -€91 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €75,609 | €91,944 | +€16,335 | +21.6% |
| Income taxes | 67/77 | €16,423 | €19,709 | +€3,287 | +20.0% |
| Profit (loss) for the period | 9904 | €59,186 | €72,234 | +€13,048 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,186 | €72,234 | +€13,048 | +22.0% |
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 22 October 2026 via checked.be.