RCONCEPT: what changed
Two fiscal 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.
RCONCEPT
Largest movements
- Current investments -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Tangible fixed assets -€150,553
down €150,553 (-5.4%), from €2.8m to €2.6m
of which Land and buildings: -€105,386
- Cash -€89,571
down €89,571 (-51.5%), from €174,070 to €84,498
mainly Contributions, distributions and other (-€331,000) and Net result for the year (-€96,573)
- Contributions -€300,000
down €300,000 (-4.9%), from €6.1m to €5.8m
- Profit (loss) carried forward -€96,573
down €96,573, from €50,629 to -€45,944
- Gross operating margin -€45,737
down €45,737 (-36.0%), from €126,940 to €81,203
- Financial income -€15,121
down €15,121 (-75.2%), from €20,113 to €4,991
- Other operating charges -€1,592
down €1,592 (-5.8%), from €27,470 to €25,877
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 | €6,543,377 | €6,162,643 | -€380,734 | -5.8% |
| Fixed assets | 21/28 | €2,789,260 | €2,638,707 | -€150,553 | -5.4% |
| Tangible fixed assets | 22/27 | €2,789,260 | €2,638,707 | -€150,553 | -5.4% |
| Land and buildings | 22 | €2,652,020 | €2,546,635 | -€105,386 | -4.0% |
| Plant, machinery and equipment | 23 | €27,318 | €23,333 | -€3,986 | -14.6% |
| Furniture and vehicles | 24 | €109,921 | €68,740 | -€41,182 | -37.5% |
| Current assets | 29/58 | €3,754,117 | €3,523,936 | -€230,182 | -6.1% |
| Stocks and contracts in progress | 3 | €3,163,531 | €3,227,726 | +€64,195 | +2.0% |
| Stocks | 30/36 | €3,163,531 | €3,227,726 | +€64,195 | +2.0% |
| Amounts receivable within one year | 40/41 | €6,175 | €7,895 | +€1,720 | +27.9% |
| Other amounts receivable | 41 | €6,175 | €7,895 | +€1,720 | +27.9% |
| Current investments | 50/53 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €174,070 | €84,498 | -€89,571 | -51.5% |
| Deferred charges and accrued income | 490/1 | €10,342 | €3,817 | -€6,525 | -63.1% |
| Total equity and liabilities | 10/49 | €6,543,377 | €6,162,643 | -€380,734 | -5.8% |
| Equity | 10/15 | €6,417,811 | €5,990,238 | -€427,573 | -6.7% |
| Contributions | 10/11 | €6,106,894 | €5,806,894 | -€300,000 | -4.9% |
| Reserves | 13 | €260,289 | €229,289 | -€31,000 | -11.9% |
| Tax-exempt reserves | 132 | €475 | €475 | = | 0.0% |
| Distributable reserves | 133 | €259,813 | €228,813 | -€31,000 | -11.9% |
| Profit (loss) carried forward | 14 | €50,629 | -€45,944 | -€96,573 | |
| Amounts payable | 17/49 | €125,566 | €172,405 | +€46,839 | +37.3% |
| Amounts payable within one year | 42/48 | €125,492 | €154,441 | +€28,949 | +23.1% |
| Trade debts | 44 | €3,215 | €449 | -€2,765 | -86.0% |
| Suppliers | 440/4 | €3,215 | €449 | -€2,765 | -86.0% |
| Taxes, remuneration and social security | 45 | €11,000 | €11,000 | = | 0.0% |
| Taxes | 450/3 | €7,500 | €7,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €111,277 | €142,991 | +€31,714 | +28.5% |
| Accrued charges and deferred income | 492/3 | €74 | €17,964 | +€17,890 | +24153.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,955 | €155,941 | +€986 | +0.6% |
| Other operating charges | 640/8 | €27,470 | €25,877 | -€1,592 | -5.8% |
| Gross operating margin | 9900 | €126,940 | €81,203 | -€45,737 | -36.0% |
| Operating profit (loss) | 9901 | -€55,484 | -€100,614 | -€45,131 | -81.3% |
| Financial income | 75/76B | €20,113 | €4,991 | -€15,121 | -75.2% |
| Recurring financial income | 75 | €20,113 | €4,991 | -€15,121 | -75.2% |
| Financial charges | 65/66B | €1,143 | €462 | -€681 | -59.6% |
| Recurring financial charges | 65 | €1,143 | €462 | -€681 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,514 | -€96,085 | -€59,571 | -163.1% |
| Income taxes | 67/77 | €1,310 | €488 | -€822 | -62.7% |
| Profit (loss) for the period | 9904 | -€37,824 | -€96,573 | -€58,749 | -155.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,824 | -€96,573 | -€58,749 | -155.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.