RICAL: 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.
RICAL
Largest movements
- Tangible fixed assets -€78,135
down €78,135 (-3.5%), from €2.2m to €2.2m
of which Land and buildings: -€78,135
- Receivables within one year +€43,747
up €43,747 (+7.7%), from €569,093 to €612,840
of which Other amounts receivable: +€42,479
- Reserves -€41,592
down €41,592 (-71.6%), from €58,094 to €16,502
of which Distributable reserves: -€41,592
- Gross operating margin +€36,131
up €36,131 (+207%), from €17,452 to €53,583
- Financial charges -€6,589
down €6,589 (-98.9%), from €6,660 to €70
- Depreciation -€789
down €789 (-0.8%), from €100,488 to €99,699
- Other operating charges +€650
up €650 (+9.7%), from €6,723 to €7,373
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 | €2,841,514 | €2,803,063 | -€38,451 | -1.4% |
| Fixed assets | 21/28 | €2,242,855 | €2,164,720 | -€78,135 | -3.5% |
| Tangible fixed assets | 22/27 | €2,242,855 | €2,164,720 | -€78,135 | -3.5% |
| Land and buildings | 22 | €2,242,855 | €2,164,720 | -€78,135 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €598,659 | €638,343 | +€39,684 | +6.6% |
| Amounts receivable within one year | 40/41 | €569,093 | €612,840 | +€43,747 | +7.7% |
| Trade receivables | 40 | €0 | €1,268 | +€1,268 | |
| Other amounts receivable | 41 | €569,093 | €611,572 | +€42,479 | +7.5% |
| Cash at bank and in hand | 54/58 | €14,892 | €11,158 | -€3,734 | -25.1% |
| Deferred charges and accrued income | 490/1 | €14,674 | €14,346 | -€329 | -2.2% |
| Total equity and liabilities | 10/49 | €2,841,514 | €2,803,063 | -€38,451 | -1.4% |
| Equity | 10/15 | €2,838,094 | €2,796,502 | -€41,592 | -1.5% |
| Contributions | 10/11 | €2,780,000 | €2,780,000 | = | 0.0% |
| Capital | 10 | €2,780,000 | €2,780,000 | = | 0.0% |
| Issued capital | 100 | €2,780,000 | €2,780,000 | = | 0.0% |
| Reserves | 13 | €58,094 | €16,502 | -€41,592 | -71.6% |
| Non-distributable reserves | 130/1 | €8,550 | €8,550 | = | 0.0% |
| Legal reserve | 130 | €8,550 | €8,550 | = | 0.0% |
| Distributable reserves | 133 | €49,544 | €7,952 | -€41,592 | -83.9% |
| Amounts payable | 17/49 | €3,420 | €6,561 | +€3,141 | +91.9% |
| Amounts payable within one year | 42/48 | €3,420 | €6,561 | +€3,141 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,420 | €6,561 | +€3,141 | +91.9% |
| Suppliers | 440/4 | €3,420 | €6,561 | +€3,141 | +91.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,488 | €99,699 | -€789 | -0.8% |
| Other operating charges | 640/8 | €6,723 | €7,373 | +€650 | +9.7% |
| Gross operating margin | 9900 | €17,452 | €53,583 | +€36,131 | +207% |
| Operating profit (loss) | 9901 | -€89,758 | -€53,488 | +€36,270 | +40.4% |
| Financial income | 75/76B | €12,493 | €11,966 | -€527 | -4.2% |
| Recurring financial income | 75 | €12,493 | €11,966 | -€527 | -4.2% |
| Financial charges | 65/66B | €6,660 | €70 | -€6,589 | -98.9% |
| Recurring financial charges | 65 | €6,660 | €70 | -€6,589 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€83,925 | -€41,592 | +€42,333 | +50.4% |
| Profit (loss) for the period | 9904 | -€83,925 | -€41,592 | +€42,333 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,925 | -€41,592 | +€42,333 | +50.4% |
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 16 October 2026 via checked.be.