RICA: 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.
RICA
Largest movements
- Receivables within one year -€13,040
no longer reported in 2025 (was €13,040)
- Tax, wage and social debts -€21,182
down €21,182 (-66.4%), from €31,901 to €10,720
of which Taxes: -€21,189
- Reserves +€20,265
up €20,265 (+8.7%), from €234,058 to €254,323
- Other debts -€14,212
down €14,212 (-13.8%), from €102,973 to €88,761
- Trade debts +€10,653
up €10,653 (+136%), from €7,835 to €18,488
- Current portion of long-term debt -€8,000
no longer reported in 2025 (was €8,000)
- Financial income -€136,000
down €136,000 (-100.0%), from €136,000 to €0
of which Non-recurring financial income: -€136,000
- Taxes -€12,603
down €12,603 (-56.1%), from €22,483 to €9,880
- Financial charges +€6,217
up €6,217 (+244%), from €2,550 to €8,768
- Gross operating margin +€5,617
up €5,617 (+15.0%), from €37,564 to €43,181
- Other operating charges -€472
down €472 (-20.4%), from €2,311 to €1,839
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 | €472,667 | €457,692 | -€14,976 | -3.2% |
| Fixed assets | 21/28 | €457,491 | €456,690 | -€801 | -0.2% |
| Tangible fixed assets | 22/27 | €2,418 | €1,617 | -€801 | -33.1% |
| Plant, machinery and equipment | 23 | €1,544 | €979 | -€565 | -36.6% |
| Furniture and vehicles | 24 | €874 | €638 | -€236 | -27.0% |
| Financial fixed assets | 28 | €455,073 | €455,073 | = | 0.0% |
| Current assets | 29/58 | €15,176 | €1,001 | -€14,175 | -93.4% |
| Amounts receivable within one year | 40/41 | €13,040 | - | -€13,040 | |
| Trade receivables | 40 | €13,040 | - | -€13,040 | |
| Cash at bank and in hand | 54/58 | €1,929 | €766 | -€1,163 | -60.3% |
| Deferred charges and accrued income | 490/1 | €208 | €235 | +€28 | +13.3% |
| Total equity and liabilities | 10/49 | €472,667 | €457,692 | -€14,976 | -3.2% |
| Equity | 10/15 | €252,658 | €272,923 | +€20,265 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,058 | €254,323 | +€20,265 | +8.7% |
| Distributable reserves | 133 | €234,058 | €254,323 | +€20,265 | +8.7% |
| Provisions and deferred taxes | 16 | €7,500 | - | -€7,500 | |
| Provisions for liabilities and charges | 160/5 | €7,500 | - | -€7,500 | |
| Pensions and similar obligations | 160 | €7,500 | - | -€7,500 | |
| Amounts payable | 17/49 | €212,509 | €184,768 | -€27,741 | -13.1% |
| Amounts payable after more than one year | 17 | €61,800 | €58,800 | -€3,000 | -4.9% |
| Financial debts | 170/4 | €61,800 | €58,800 | -€3,000 | -4.9% |
| Amounts payable within one year | 42/48 | €150,709 | €125,968 | -€24,741 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | - | -€8,000 | |
| Financial debts | 43 | - | €8,000 | +€8,000 | |
| Credit institutions | 430/8 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €7,835 | €18,488 | +€10,653 | +136% |
| Suppliers | 440/4 | €7,835 | €18,488 | +€10,653 | +136% |
| Taxes, remuneration and social security | 45 | €31,901 | €10,720 | -€21,182 | -66.4% |
| Taxes | 450/3 | €29,333 | €8,143 | -€21,189 | -72.2% |
| Remuneration and social security | 454/9 | €2,568 | €2,576 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €102,973 | €88,761 | -€14,212 | -13.8% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €801 | +€414 | +107% |
| Other operating charges | 640/8 | €2,311 | €1,839 | -€472 | -20.4% |
| Gross operating margin | 9900 | €37,564 | €43,181 | +€5,617 | +15.0% |
| Operating profit (loss) | 9901 | €34,865 | €40,541 | +€5,676 | +16.3% |
| Financial income | 75/76B | €136,000 | €0 | -€136,000 | -100.0% |
| Recurring financial income | 75 | €136,000 | €0 | -€136,000 | -100.0% |
| Non-recurring financial income | 76B | €136,000 | - | -€136,000 | |
| Financial charges | 65/66B | €2,550 | €8,768 | +€6,217 | +244% |
| Recurring financial charges | 65 | €2,550 | €8,768 | +€6,217 | +244% |
| Profit (loss) for the period before taxes | 9903 | €168,315 | €31,774 | -€136,541 | -81.1% |
| Income taxes | 67/77 | €22,483 | €9,880 | -€12,603 | -56.1% |
| Profit (loss) for the period | 9904 | €145,832 | €21,894 | -€123,938 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,832 | €21,894 | -€123,938 | -85.0% |
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 20 October 2026 via checked.be.