RICHARD: what changed
Two fiscal 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.
RICHARD
Largest movements
- Tangible fixed assets -€28,983
down €28,983 (-4.1%), from €703,068 to €674,086
- Receivables within one year -€12,668
down €12,668 (-19.1%), from €66,279 to €53,611
of which Trade receivables: -€6,687
- Cash +€8,364
up €8,364 (+38.7%), from €21,600 to €29,964
mainly Depreciation (+€32,618) and Receivables within one year (+€12,668)
- Profit (loss) carried forward -€14,041
down €14,041 (-2157.6%), from -€651 to -€14,692
- Current portion of long-term debt -€9,324
down €9,324 (-100.0%), from €9,324 to €0
- Gross operating margin -€879
down €879 (-2.8%), from €30,948 to €30,069
- Depreciation +€747
up €747 (+2.3%), from €31,871 to €32,618
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €802,682 | €776,189 | -€26,493 | -3.3% |
| Fixed assets | 21/28 | €703,068 | €674,086 | -€28,983 | -4.1% |
| Tangible fixed assets | 22/27 | €703,068 | €674,086 | -€28,983 | -4.1% |
| Land and buildings | 22 | €703,068 | €674,086 | -€28,983 | -4.1% |
| Current assets | 29/58 | €99,614 | €102,103 | +€2,489 | +2.5% |
| Amounts receivable within one year | 40/41 | €66,279 | €53,611 | -€12,668 | -19.1% |
| Trade receivables | 40 | €7,000 | €313 | -€6,687 | -95.5% |
| Other amounts receivable | 41 | €59,279 | €53,298 | -€5,981 | -10.1% |
| Cash at bank and in hand | 54/58 | €21,600 | €29,964 | +€8,364 | +38.7% |
| Deferred charges and accrued income | 490/1 | €11,735 | €18,529 | +€6,793 | +57.9% |
| Total equity and liabilities | 10/49 | €802,682 | €776,189 | -€26,493 | -3.3% |
| Equity | 10/15 | €753,426 | €739,385 | -€14,041 | -1.9% |
| Contributions | 10/11 | €740,615 | €740,615 | = | 0.0% |
| Capital | 10 | €740,615 | €740,615 | = | 0.0% |
| Issued capital | 100 | €740,615 | €740,615 | = | 0.0% |
| Reserves | 13 | €13,462 | €13,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,462 | €13,462 | = | 0.0% |
| Legal reserve | 130 | €13,462 | €13,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€651 | -€14,692 | -€14,041 | -2157.6% |
| Amounts payable | 17/49 | €49,256 | €36,804 | -€12,452 | -25.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €49,031 | €36,574 | -€12,457 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €9,324 | €0 | -€9,324 | -100.0% |
| Financial debts | 43 | €12 | €0 | -€12 | -100.0% |
| Credit institutions | 430/8 | €12 | €0 | -€12 | -100.0% |
| Trade debts | 44 | €3,183 | €62 | -€3,121 | -98.1% |
| Suppliers | 440/4 | €3,183 | €62 | -€3,121 | -98.1% |
| Other amounts payable | 47/48 | €36,512 | €36,512 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €225 | €230 | +€5 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,871 | €32,618 | +€747 | +2.3% |
| Other operating charges | 640/8 | €10,785 | €10,924 | +€139 | +1.3% |
| Gross operating margin | 9900 | €30,948 | €30,069 | -€879 | -2.8% |
| Operating profit (loss) | 9901 | -€11,708 | -€13,472 | -€1,764 | -15.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €666 | €574 | -€92 | -13.9% |
| Recurring financial charges | 65 | €666 | €574 | -€92 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,374 | -€14,041 | -€1,667 | -13.5% |
| Profit (loss) for the period | 9904 | -€12,374 | -€14,041 | -€1,667 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,374 | -€14,041 | -€1,667 | -13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.