RCP GESTION: 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.
RCP GESTION
Largest movements
- Cash -€146,509
down €146,509 (-80.6%), from €181,826 to €35,318
mainly Contributions, distributions and other (-€265,240) and Debts after one year (-€89,347)
- Tangible fixed assets -€35,604
down €35,604 (-3.0%), from €1.2m to €1.2m
of which Land and buildings: -€37,059
- Reserves -€182,996
down €182,996 (-27.1%), from €676,069 to €493,073
of which Distributable reserves: -€178,240
- Debts after one year -€89,347
down €89,347 (-39.8%), from €224,359 to €135,012
- Other debts +€79,183
up €79,183 (+30.8%), from €257,410 to €336,594
- Tax, wage and social debts +€16,576
up €16,576 (+281.3%), from €5,893 to €22,469
- Accrued charges and deferred income -€15,150
down €15,150 (-71.6%), from €21,159 to €6,009
- Gross operating margin -€148,844
down €148,844 (-39.6%), from €376,141 to €227,297
- Taxes -€46,741
down €46,741 (-52.8%), from €88,499 to €41,758
- Financial charges -€14,931
down €14,931 (-53.3%), from €28,020 to €13,089
- Provisions +€10,000
new in 2025: €10,000
- Depreciation +€3,783
up €3,783 (+6.5%), from €58,235 to €62,018
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 | €1,382,818 | €1,198,413 | -€184,405 | -13.3% |
| Fixed assets | 21/28 | €1,189,972 | €1,154,368 | -€35,604 | -3.0% |
| Tangible fixed assets | 22/27 | €1,189,972 | €1,154,368 | -€35,604 | -3.0% |
| Land and buildings | 22 | €1,187,158 | €1,150,099 | -€37,059 | -3.1% |
| Plant, machinery and equipment | 23 | €502 | €109 | -€393 | -78.3% |
| Furniture and vehicles | 24 | €2,312 | €4,160 | +€1,848 | +79.9% |
| Current assets | 29/58 | €192,846 | €44,045 | -€148,801 | -77.2% |
| Amounts receivable within one year | 40/41 | €8,228 | €6,582 | -€1,647 | -20.0% |
| Trade receivables | 40 | €1,330 | €0 | -€1,330 | -100.0% |
| Other amounts receivable | 41 | €6,899 | €6,582 | -€317 | -4.6% |
| Cash at bank and in hand | 54/58 | €181,826 | €35,318 | -€146,509 | -80.6% |
| Deferred charges and accrued income | 490/1 | €2,791 | €2,145 | -€646 | -23.2% |
| Total equity and liabilities | 10/49 | €1,382,818 | €1,198,413 | -€184,405 | -13.3% |
| Equity | 10/15 | €743,901 | €561,054 | -€182,847 | -24.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €676,069 | €493,073 | -€182,996 | -27.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,733 | €38,977 | -€4,756 | -10.9% |
| Distributable reserves | 133 | €626,136 | €447,896 | -€178,240 | -28.5% |
| Profit (loss) carried forward | 14 | €5,832 | €5,981 | +€149 | +2.6% |
| Provisions and deferred taxes | 16 | €17,950 | €25,698 | +€7,748 | +43.2% |
| Provisions for liabilities and charges | 160/5 | - | €10,000 | +€10,000 | |
| Other liabilities and charges | 164/5 | - | €10,000 | +€10,000 | |
| Deferred taxes | 168 | €17,950 | €15,698 | -€2,252 | -12.5% |
| Amounts payable | 17/49 | €620,967 | €611,661 | -€9,306 | -1.5% |
| Amounts payable after more than one year | 17 | €224,359 | €135,012 | -€89,347 | -39.8% |
| Financial debts | 170/4 | €224,359 | €135,012 | -€89,347 | -39.8% |
| Amounts payable within one year | 42/48 | €375,448 | €470,639 | +€95,191 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €111,862 | €110,997 | -€865 | -0.8% |
| Trade debts | 44 | €283 | €580 | +€297 | +104.8% |
| Suppliers | 440/4 | €283 | €580 | +€297 | +104.8% |
| Taxes, remuneration and social security | 45 | €5,893 | €22,469 | +€16,576 | +281.3% |
| Taxes | 450/3 | €5,893 | €22,469 | +€16,576 | +281.3% |
| Other amounts payable | 47/48 | €257,410 | €336,594 | +€79,183 | +30.8% |
| Accrued charges and deferred income | 492/3 | €21,159 | €6,009 | -€15,150 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,235 | €62,018 | +€3,783 | +6.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €19,105 | €20,361 | +€1,256 | +6.6% |
| Gross operating margin | 9900 | €376,141 | €227,297 | -€148,844 | -39.6% |
| Operating profit (loss) | 9901 | €298,801 | €134,918 | -€163,883 | -54.8% |
| Financial income | 75/76B | €7 | €70 | +€63 | +880.7% |
| Recurring financial income | 75 | €7 | €70 | +€63 | +880.7% |
| Financial charges | 65/66B | €28,020 | €13,089 | -€14,931 | -53.3% |
| Recurring financial charges | 65 | €28,020 | €13,089 | -€14,931 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €270,789 | €121,899 | -€148,889 | -55.0% |
| Transfer from deferred taxes | 780 | €2,252 | €2,252 | = | 0.0% |
| Income taxes | 67/77 | €88,499 | €41,758 | -€46,741 | -52.8% |
| Profit (loss) for the period | 9904 | €184,541 | €82,393 | -€102,148 | -55.4% |
| Transfer from tax-exempt reserves | 789 | €4,756 | €4,756 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €189,297 | €87,149 | -€102,148 | -54.0% |
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 6 October 2026 via checked.be.