RCT Stevedoring: 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.
RCT Stevedoring
Largest movements
- Tangible fixed assets +€900,637
up €900,637 (+8.5%), from €10.5m to €11.4m
of which Land and buildings: +€3.1m
- Receivables within one year +€873,622
up €873,622 (+45.6%), from €1.9m to €2.8m
of which Trade receivables: +€448,821
- Cash -€461,735
down €461,735 (-97.0%), from €475,949 to €14,214
mainly Investment in fixed assets (net) (-€1.6m) and Trade debts (-€1.5m)
- Debts after one year +€2.4m
up €2.4m (+46.9%), from €5.0m to €7.4m
- Trade debts -€1.5m
down €1.5m (-57.3%), from €2.6m to €1.1m
- Reserves +€848,911
up €848,911 (+34.0%), from €2.5m to €3.3m
of which Distributable reserves: +€848,911
- Current portion of long-term debt -€365,755
down €365,755 (-50.9%), from €718,786 to €353,031
- Other operating charges -€1.1m
down €1.1m (-53.2%), from €2.1m to €981,403
- Gross operating margin -€659,027
down €659,027 (-15.7%), from €4.2m to €3.5m
- Taxes +€175,788
up €175,788 (+126%), from €139,573 to €315,362
- Staff costs -€134,780
down €134,780 (-19.5%), from €691,305 to €556,524
- Financial income -€88,863
down €88,863 (-67.6%), from €131,427 to €42,564
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 | €13,007,449 | €14,424,890 | +€1.4m | +10.9% |
| Fixed assets | 21/28 | €10,546,353 | €11,504,870 | +€958,517 | +9.1% |
| Intangible fixed assets | 21 | - | €57,880 | +€57,880 | |
| Tangible fixed assets | 22/27 | €10,546,353 | €11,446,989 | +€900,637 | +8.5% |
| Land and buildings | 22 | €7,747,827 | €10,843,723 | +€3.1m | +40.0% |
| Plant, machinery and equipment | 23 | €82,784 | €108,744 | +€25,960 | +31.4% |
| Furniture and vehicles | 24 | €9,799 | €36,472 | +€26,673 | +272% |
| Leasing and similar rights | 25 | €407,550 | €336,613 | -€70,938 | -17.4% |
| Assets under construction and advance payments | 27 | €2,298,393 | €121,438 | -€2.2m | -94.7% |
| Current assets | 29/58 | €2,461,096 | €2,920,021 | +€458,925 | +18.6% |
| Stocks and contracts in progress | 3 | €41,577 | €59,096 | +€17,519 | +42.1% |
| Stocks | 30/36 | €41,577 | €59,096 | +€17,519 | +42.1% |
| Amounts receivable within one year | 40/41 | €1,915,238 | €2,788,860 | +€873,622 | +45.6% |
| Trade receivables | 40 | €939,141 | €1,387,962 | +€448,821 | +47.8% |
| Other amounts receivable | 41 | €976,097 | €1,400,898 | +€424,801 | +43.5% |
| Cash at bank and in hand | 54/58 | €475,949 | €14,214 | -€461,735 | -97.0% |
| Deferred charges and accrued income | 490/1 | €28,332 | €57,851 | +€29,519 | +104% |
| Total equity and liabilities | 10/49 | €13,007,449 | €14,424,890 | +€1.4m | +10.9% |
| Equity | 10/15 | €4,536,380 | €5,385,292 | +€848,911 | +18.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,840,000 | €1,840,000 | = | 0.0% |
| Reserves | 13 | €2,496,380 | €3,345,292 | +€848,911 | +34.0% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Distributable reserves | 133 | €2,422,012 | €3,270,924 | +€848,911 | +35.0% |
| Amounts payable | 17/49 | €8,471,069 | €9,039,599 | +€568,530 | +6.7% |
| Amounts payable after more than one year | 17 | €5,011,483 | €7,363,173 | +€2.4m | +46.9% |
| Financial debts | 170/4 | €5,011,483 | €7,363,173 | +€2.4m | +46.9% |
| Amounts payable within one year | 42/48 | €3,424,700 | €1,603,863 | -€1.8m | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €718,786 | €353,031 | -€365,755 | -50.9% |
| Trade debts | 44 | €2,629,578 | €1,124,112 | -€1.5m | -57.3% |
| Suppliers | 440/4 | €2,629,578 | €1,124,112 | -€1.5m | -57.3% |
| Taxes, remuneration and social security | 45 | €76,336 | €126,720 | +€50,384 | +66.0% |
| Taxes | 450/3 | €2,722 | €75,585 | +€72,863 | +2,677% |
| Remuneration and social security | 454/9 | €73,614 | €51,135 | -€22,479 | -30.5% |
| Accrued charges and deferred income | 492/3 | €34,885 | €72,563 | +€37,677 | +108% |
| Remuneration, social security and pensions | 62 | €691,305 | €556,524 | -€134,780 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592,414 | €667,117 | +€74,703 | +12.6% |
| Other operating charges | 640/8 | €2,094,853 | €981,403 | -€1.1m | -53.2% |
| Gross operating margin | 9900 | €4,203,529 | €3,544,501 | -€659,027 | -15.7% |
| Operating profit (loss) | 9901 | €824,957 | €1,339,457 | +€514,500 | +62.4% |
| Financial income | 75/76B | €131,427 | €42,564 | -€88,863 | -67.6% |
| Recurring financial income | 75 | €131,427 | €42,564 | -€88,863 | -67.6% |
| Financial charges | 65/66B | €137,965 | €217,748 | +€79,783 | +57.8% |
| Recurring financial charges | 65 | €137,965 | €217,748 | +€79,783 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €818,419 | €1,164,273 | +€345,854 | +42.3% |
| Income taxes | 67/77 | €139,573 | €315,362 | +€175,788 | +126% |
| Profit (loss) for the period | 9904 | €678,846 | €848,911 | +€170,065 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €678,846 | €848,911 | +€170,065 | +25.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.