RICAREL: 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.
What changed
RICAREL
NACE 70.100, Activities of head offices
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€162,936
2024 · €10,738+€152,198
Equity
€1.2m
2024 · €990,159+€162,936
Cash
€18,147
2024 · €6,383+€11,764
Balance sheet total
€10.1m
2024 · €10.2m-€41,678
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€176,639
down €176,639 (-2.0%), from €8.9m to €8.7m
- Profit (loss) carried forward +€162,936
up €162,936 (+121.3%), from €134,335 to €297,271
Income statement
- Financial income +€180,000
new in 2025: €180,000
- Turnover -€36,600
down €36,600 (-51.3%), from €71,400 to €34,800
- Depreciation +€25,711
up €25,711 (+100.0%), from €25,711 to €51,422
- Taxes -€20,721
down €20,721, from €11,691 to -€9,030
of which Taxes: -€11,900
- Services and other goods -€15,028
down €15,028 (-73.6%), from €20,421 to €5,393
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.
Result 2024
€10,738
Turnover
-€36,600
Other operating income
+€2,076
Services and other goods
+€15,028
Depreciation
-€25,711
Other operating charges
+€86
Financial income
+€180,000
Financial charges
-€3,403
Taxes
+€20,721
Result 2025
€162,936
Cash bridge derived
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.
From operations
+€37,789
Investment
€0
Financing
-€26,026
Cash 2024
€6,383
From operations (derived)
+€37,789
Net result for the year
+€162,936
Depreciation
+€51,422
Receivables within one year
+€5,382
Deferred charges and accrued income
-€3,361
Trade debts
-€3,052
Tax, wage and social debts
+€1,102
Other debts
-€176,639
Financing
-€26,026
Debts after one year
-€26,524
Current portion of long-term debt
+€498
Cash 2025
€18,147
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,165,839 | €10,124,161 | -€41,678 | -0.4% |
| Fixed assets | 21/28 | €10,153,633 | €10,102,211 | -€51,422 | -0.5% |
| Intangible fixed assets | 21 | €111,611 | €86,809 | -€24,803 | -22.2% |
| Tangible fixed assets | 22/27 | €371,925 | €345,306 | -€26,619 | -7.2% |
| Land and buildings | 22 | €371,925 | €345,306 | -€26,619 | -7.2% |
| Financial fixed assets | 28 | €9,670,096 | €9,670,096 | = | 0.0% |
| Affiliated companies | 280/1 | €9,670,096 | €9,670,096 | = | 0.0% |
| Participating interests | 280 | €9,670,096 | €9,670,096 | = | 0.0% |
| Current assets | 29/58 | €12,207 | €21,950 | +€9,743 | +79.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,824 | €442 | -€5,382 | -92.4% |
| Trade receivables | 40 | €5,800 | €0 | -€5,800 | -100.0% |
| Other amounts receivable | 41 | €24 | €442 | +€418 | +1765.8% |
| Cash at bank and in hand | 54/58 | €6,383 | €18,147 | +€11,764 | +184.3% |
| Deferred charges and accrued income | 490/1 | - | €3,361 | +€3,361 | |
| Total equity and liabilities | 10/49 | €10,165,839 | €10,124,161 | -€41,678 | -0.4% |
| Equity | 10/15 | €990,159 | €1,153,095 | +€162,936 | +16.5% |
| Contributions | 10/11 | €731,235 | €731,235 | = | 0.0% |
| Capital | 10 | €731,235 | €731,235 | = | 0.0% |
| Issued capital | 100 | €731,235 | €731,235 | = | 0.0% |
| Reserves | 13 | €124,589 | €124,589 | = | 0.0% |
| Non-distributable reserves | 130/1 | €73,123 | €73,123 | = | 0.0% |
| Legal reserve | 130 | €73,123 | €73,123 | = | 0.0% |
| Distributable reserves | 133 | €51,466 | €51,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,335 | €297,271 | +€162,936 | +121.3% |
| Amounts payable | 17/49 | €9,175,680 | €8,971,066 | -€204,615 | -2.2% |
| Amounts payable after more than one year | 17 | €255,880 | €229,357 | -€26,524 | -10.4% |
| Financial debts | 170/4 | €255,880 | €229,357 | -€26,524 | -10.4% |
| Credit institutions | 173 | €255,880 | €229,357 | -€26,524 | -10.4% |
| Amounts payable within one year | 42/48 | €8,919,800 | €8,741,709 | -€178,091 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €24,005 | €24,503 | +€498 | +2.1% |
| Trade debts | 44 | €3,072 | €20 | -€3,052 | -99.3% |
| Suppliers | 440/4 | €3,072 | €20 | -€3,052 | -99.3% |
| Taxes, remuneration and social security | 45 | €3,273 | €4,375 | +€1,102 | +33.7% |
| Taxes | 450/3 | €2,182 | €3,284 | +€1,102 | +50.5% |
| Remuneration and social security | 454/9 | €1,091 | €1,091 | = | 0.0% |
| Other amounts payable | 47/48 | €8,889,451 | €8,712,812 | -€176,639 | -2.0% |
| Operating income | 70/76A | €74,369 | €39,845 | -€34,524 | -46.4% |
| Turnover | 70 | €71,400 | €34,800 | -€36,600 | -51.3% |
| Other operating income | 74 | €2,969 | €5,045 | +€2,076 | +69.9% |
| Operating charges | 60/66A | €48,378 | €58,974 | +€10,597 | +21.9% |
| Services and other goods | 61 | €20,421 | €5,393 | -€15,028 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,711 | €51,422 | +€25,711 | +100.0% |
| Other operating charges | 640/8 | €2,246 | €2,160 | -€86 | -3.8% |
| Operating profit (loss) | 9901 | €25,992 | -€19,129 | -€45,121 | |
| Financial income | 75/76B | - | €180,000 | +€180,000 | |
| Recurring financial income | 75 | - | €180,000 | +€180,000 | |
| Income from current assets | 751 | - | €180,000 | +€180,000 | |
| Financial charges | 65/66B | €3,562 | €6,965 | +€3,403 | +95.5% |
| Recurring financial charges | 65 | €3,562 | €6,965 | +€3,403 | +95.5% |
| Debt charges | 650 | €2,730 | €5,989 | +€3,259 | +119.4% |
| Other financial charges | 652/9 | €832 | €976 | +€144 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €22,430 | €153,906 | +€131,476 | +586.2% |
| Income taxes | 67/77 | €11,691 | -€9,030 | -€20,721 | |
| Taxes | 670/3 | €11,900 | €0 | -€11,900 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | €209 | €9,030 | +€8,821 | +4229.7% |
| Profit (loss) for the period | 9904 | €10,738 | €162,936 | +€152,198 | +1417.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,738 | €162,936 | +€152,198 | +1417.3% |
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 10 October 2026 via checked.be.