RIC: 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.
RIC
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Receivables within one year +€86,026
up €86,026 (+47.2%), from €182,324 to €268,351
of which Trade receivables: +€51,154
- Cash +€58,115
up €58,115 (+14.2%), from €410,324 to €468,439
mainly Stocks and contracts (+€1.6m) and Accrued charges and deferred income (+€93,157)
- Advances received -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
- Accrued charges and deferred income +€93,157
new in 2025: €93,157
- Trade debts -€30,307
down €30,307 (-98.8%), from €30,687 to €380
- Gross operating margin +€145,761
up €145,761 (+1,669%), from €8,733 to €154,494
- Taxes +€41,223
up €41,223 (+884%), from €4,665 to €45,888
- Financial income -€13,111
down €13,111 (-57.3%), from €22,897 to €9,786
- Depreciation +€3,655
up €3,655 (+44.2%), from €8,260 to €11,915
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 | €2,263,905 | €748,130 | -€1.5m | -67.0% |
| Fixed assets | 21/28 | €22,180 | €10,265 | -€11,915 | -53.7% |
| Tangible fixed assets | 22/27 | €22,180 | €10,265 | -€11,915 | -53.7% |
| Furniture and vehicles | 24 | €22,180 | €10,265 | -€11,915 | -53.7% |
| Current assets | 29/58 | €2,241,725 | €737,865 | -€1.5m | -67.1% |
| Stocks and contracts in progress | 3 | €1,630,523 | €0 | -€1.6m | -100% |
| Stocks | 30/36 | €1,630,523 | €0 | -€1.6m | -100% |
| Amounts receivable within one year | 40/41 | €182,324 | €268,351 | +€86,026 | +47.2% |
| Trade receivables | 40 | €27,265 | €78,419 | +€51,154 | +188% |
| Other amounts receivable | 41 | €155,059 | €189,931 | +€34,872 | +22.5% |
| Cash at bank and in hand | 54/58 | €410,324 | €468,439 | +€58,115 | +14.2% |
| Deferred charges and accrued income | 490/1 | €18,553 | €1,076 | -€17,478 | -94.2% |
| Total equity and liabilities | 10/49 | €2,263,905 | €748,130 | -€1.5m | -67.0% |
| Equity | 10/15 | €508,035 | €527,111 | +€19,076 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €501,835 | €520,911 | +€19,076 | +3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €499,975 | €519,051 | +€19,076 | +3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,755,871 | €221,020 | -€1.5m | -87.4% |
| Amounts payable within one year | 42/48 | €1,755,871 | €127,863 | -€1.6m | -92.7% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €30,687 | €380 | -€30,307 | -98.8% |
| Suppliers | 440/4 | €30,687 | €380 | -€30,307 | -98.8% |
| Advances received on contracts in progress | 46 | €1,389,490 | €0 | -€1.4m | -100% |
| Taxes, remuneration and social security | 45 | €15,593 | €2,813 | -€12,780 | -82.0% |
| Taxes | 450/3 | €15,593 | €2,813 | -€12,780 | -82.0% |
| Other amounts payable | 47/48 | €120,100 | €124,670 | +€4,570 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €93,157 | +€93,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,260 | €11,915 | +€3,655 | +44.2% |
| Other operating charges | 640/8 | €2,602 | €1,998 | -€604 | -23.2% |
| Gross operating margin | 9900 | €8,733 | €154,494 | +€145,761 | +1,669% |
| Operating profit (loss) | 9901 | -€2,130 | €140,580 | +€142,710 | |
| Financial income | 75/76B | €22,897 | €9,786 | -€13,111 | -57.3% |
| Recurring financial income | 75 | €22,897 | €9,786 | -€13,111 | -57.3% |
| Financial charges | 65/66B | €11,106 | €11,523 | +€417 | +3.8% |
| Recurring financial charges | 65 | €11,106 | €11,523 | +€417 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €9,662 | €138,843 | +€129,182 | +1,337% |
| Income taxes | 67/77 | €4,665 | €45,888 | +€41,223 | +884% |
| Profit (loss) for the period | 9904 | €4,996 | €92,955 | +€87,959 | +1,760% |
| Profit (loss) for the period to be appropriated | 9905 | €4,996 | €92,955 | +€87,959 | +1,760% |
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 26 October 2026 via checked.be.