RCP AV: 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.
RCP AV
Largest movements
- Tangible fixed assets +€32,078
up €32,078 (+662.3%), from €4,844 to €36,921
of which Leasing and similar rights: +€33,611
- Receivables within one year +€8,742
up €8,742 (+61.3%), from €14,262 to €23,004
- Cash +€4,697
up €4,697 (+43.0%), from €10,922 to €15,619
mainly Debts after one year (+€23,175) and Other debts (+€9,799)
- Deferred charges and accrued income +€1,585
up €1,585 (+337.4%), from €470 to €2,054
- Debts after one year +€23,175
new in 2025: €23,175
- Other debts +€9,799
up €9,799 (+140.5%), from €6,973 to €16,772
- Current portion of long-term debt +€8,832
new in 2025: €8,832
- Trade debts +€2,583
up €2,583 (+273.7%), from €944 to €3,527
- Reserves +€1,600
up €1,600 (+26.5%), from €6,037 to €7,637
- Depreciation +€4,193
up €4,193 (+109.5%), from €3,830 to €8,023
- Taxes -€1,493
down €1,493 (-41.6%), from €3,587 to €2,095
- Gross operating margin +€950
up €950 (+7.1%), from €13,304 to €14,253
- Other operating charges +€815
up €815 (+86.8%), from €939 to €1,754
- Financial charges +€680
up €680 (+949.8%), from €72 to €752
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 | €30,730 | €77,614 | +€46,884 | +152.6% |
| Formation expenses | 20 | €232 | €15 | -€217 | -93.3% |
| Fixed assets | 21/28 | €4,844 | €36,921 | +€32,078 | +662.3% |
| Tangible fixed assets | 22/27 | €4,844 | €36,921 | +€32,078 | +662.3% |
| Furniture and vehicles | 24 | €3,730 | €2,318 | -€1,411 | -37.8% |
| Leasing and similar rights | 25 | - | €33,611 | +€33,611 | |
| Other tangible fixed assets | 26 | €1,114 | €992 | -€122 | -11.0% |
| Current assets | 29/58 | €25,654 | €40,677 | +€15,023 | +58.6% |
| Amounts receivable within one year | 40/41 | €14,262 | €23,004 | +€8,742 | +61.3% |
| Trade receivables | 40 | €14,262 | €23,004 | +€8,742 | +61.3% |
| Cash at bank and in hand | 54/58 | €10,922 | €15,619 | +€4,697 | +43.0% |
| Deferred charges and accrued income | 490/1 | €470 | €2,054 | +€1,585 | +337.4% |
| Total equity and liabilities | 10/49 | €30,730 | €77,614 | +€46,884 | +152.6% |
| Equity | 10/15 | €8,411 | €10,041 | +€1,630 | +19.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,037 | €7,637 | +€1,600 | +26.5% |
| Distributable reserves | 133 | €6,037 | €7,637 | +€1,600 | +26.5% |
| Profit (loss) carried forward | 14 | €374 | €403 | +€30 | +7.9% |
| Amounts payable | 17/49 | €22,319 | €67,574 | +€45,255 | +202.8% |
| Amounts payable after more than one year | 17 | - | €23,175 | +€23,175 | |
| Financial debts | 170/4 | - | €23,175 | +€23,175 | |
| Amounts payable within one year | 42/48 | €22,319 | €44,398 | +€22,079 | +98.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,832 | +€8,832 | |
| Trade debts | 44 | €944 | €3,527 | +€2,583 | +273.7% |
| Suppliers | 440/4 | €944 | €3,527 | +€2,583 | +273.7% |
| Taxes, remuneration and social security | 45 | €14,402 | €15,268 | +€866 | +6.0% |
| Taxes | 450/3 | €14,402 | €15,268 | +€866 | +6.0% |
| Other amounts payable | 47/48 | €6,973 | €16,772 | +€9,799 | +140.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,830 | €8,023 | +€4,193 | +109.5% |
| Other operating charges | 640/8 | €939 | €1,754 | +€815 | +86.8% |
| Gross operating margin | 9900 | €13,304 | €14,253 | +€950 | +7.1% |
| Operating profit (loss) | 9901 | €8,534 | €4,476 | -€4,058 | -47.6% |
| Financial charges | 65/66B | €72 | €752 | +€680 | +949.8% |
| Recurring financial charges | 65 | €72 | €752 | +€680 | +949.8% |
| Profit (loss) for the period before taxes | 9903 | €8,462 | €3,724 | -€4,738 | -56.0% |
| Income taxes | 67/77 | €3,587 | €2,095 | -€1,493 | -41.6% |
| Profit (loss) for the period | 9904 | €4,875 | €1,630 | -€3,245 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,875 | €1,630 | -€3,245 | -66.6% |
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 9 October 2026 via checked.be.