RICAPS: 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.
RICAPS
Largest movements
- Cash +€15,788
new in 2025: €15,788
mainly Net result for the year (+€15,784) and Other debts (+€4,961)
- Receivables within one year +€9,494
up €9,494 (+40.3%), from €23,581 to €33,075
of which Trade receivables: +€9,018
- Tangible fixed assets -€3,559
down €3,559 (-52.5%), from €6,774 to €3,215
of which Furniture and vehicles: -€3,444
- Profit (loss) carried forward +€15,784
up €15,784, from -€9,539 to €6,245
- Other debts +€4,961
up €4,961 (+152%), from €3,270 to €8,232
- Short-term financial debts -€1,743
no longer reported in 2025 (was €1,743)
- Tax, wage and social debts +€1,673
new in 2025: €1,673
- Trade debts +€754
up €754 (+3.0%), from €25,174 to €25,928
- Gross operating margin +€28,257
up €28,257, from -€5,136 to €23,120
- Financial charges +€1,713
up €1,713 (+611%), from €281 to €1,993
- Taxes +€1,673
new in 2025: €1,673
- Depreciation -€574
down €574 (-13.9%), from €4,133 to €3,559
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 | €30,648 | €52,078 | +€21,430 | +69.9% |
| Fixed assets | 21/28 | €6,774 | €3,215 | -€3,559 | -52.5% |
| Tangible fixed assets | 22/27 | €6,774 | €3,215 | -€3,559 | -52.5% |
| Plant, machinery and equipment | 23 | €495 | €380 | -€115 | -23.3% |
| Furniture and vehicles | 24 | €6,278 | €2,835 | -€3,444 | -54.8% |
| Current assets | 29/58 | €23,875 | €48,864 | +€24,989 | +105% |
| Amounts receivable within one year | 40/41 | €23,581 | €33,075 | +€9,494 | +40.3% |
| Trade receivables | 40 | €22,992 | €32,009 | +€9,018 | +39.2% |
| Other amounts receivable | 41 | €590 | €1,066 | +€476 | +80.8% |
| Cash at bank and in hand | 54/58 | - | €15,788 | +€15,788 | |
| Deferred charges and accrued income | 490/1 | €293 | - | -€293 | |
| Total equity and liabilities | 10/49 | €30,648 | €52,078 | +€21,430 | +69.9% |
| Equity | 10/15 | €461 | €16,245 | +€15,784 | +3,424% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,539 | €6,245 | +€15,784 | |
| Amounts payable | 17/49 | €30,188 | €35,833 | +€5,646 | +18.7% |
| Amounts payable within one year | 42/48 | €30,188 | €35,833 | +€5,646 | +18.7% |
| Financial debts | 43 | €1,743 | - | -€1,743 | |
| Credit institutions | 430/8 | €1,743 | - | -€1,743 | |
| Trade debts | 44 | €25,174 | €25,928 | +€754 | +3.0% |
| Suppliers | 440/4 | €25,174 | €25,928 | +€754 | +3.0% |
| Taxes, remuneration and social security | 45 | - | €1,673 | +€1,673 | |
| Taxes | 450/3 | - | €1,673 | +€1,673 | |
| Other amounts payable | 47/48 | €3,270 | €8,232 | +€4,961 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,133 | €3,559 | -€574 | -13.9% |
| Other operating charges | 640/8 | - | €111 | +€111 | |
| Gross operating margin | 9900 | -€5,136 | €23,120 | +€28,257 | |
| Operating profit (loss) | 9901 | -€9,270 | €19,451 | +€28,720 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €281 | €1,993 | +€1,713 | +611% |
| Recurring financial charges | 65 | €281 | €1,993 | +€1,713 | +611% |
| Profit (loss) for the period before taxes | 9903 | -€9,539 | €17,457 | +€26,996 | |
| Income taxes | 67/77 | - | €1,673 | +€1,673 | |
| Profit (loss) for the period | 9904 | -€9,539 | €15,784 | +€25,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,539 | €15,784 | +€25,323 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.