RICHARD: 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.
RICHARD
Largest movements
- Receivables within one year -€28,966
down €28,966 (-36.5%), from €79,343 to €50,377
of which Trade receivables: -€28,131
- Cash +€7,527
up €7,527 (+18.6%), from €40,465 to €47,992
mainly Receivables within one year (+€28,966) and Net result for the year (+€6,109)
- Tangible fixed assets -€3,499
down €3,499 (-47.1%), from €7,424 to €3,925
of which Furniture and vehicles: -€3,444
- Accrued charges and deferred income -€27,506
down €27,506 (-40.5%), from €67,864 to €40,358
- Reserves +€6,109
up €6,109 (+13.7%), from €44,443 to €50,552
- Tax, wage and social debts -€5,455
down €5,455 (-49.3%), from €11,055 to €5,600
of which Taxes: -€5,455
- Trade debts +€2,173
up €2,173 (+355.4%), from €611 to €2,784
- Gross operating margin +€336
up €336 (+2.8%), from €11,845 to €12,181
- Taxes +€336
up €336 (+16.0%), from €2,099 to €2,435
- Financial income +€270
up €270 (+132.4%), from €204 to €474
- Other operating charges -€215
down €215 (-30.9%), from €696 to €481
- Depreciation +€133
up €133 (+3.9%), from €3,366 to €3,499
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 | €127,233 | €102,294 | -€24,938 | -19.6% |
| Fixed assets | 21/28 | €7,424 | €3,925 | -€3,499 | -47.1% |
| Tangible fixed assets | 22/27 | €7,424 | €3,925 | -€3,499 | -47.1% |
| Plant, machinery and equipment | 23 | €55 | - | -€55 | |
| Furniture and vehicles | 24 | €7,369 | €3,925 | -€3,444 | -46.7% |
| Current assets | 29/58 | €119,808 | €98,369 | -€21,439 | -17.9% |
| Amounts receivable within one year | 40/41 | €79,343 | €50,377 | -€28,966 | -36.5% |
| Trade receivables | 40 | €69,843 | €41,712 | -€28,131 | -40.3% |
| Other amounts receivable | 41 | €9,500 | €8,665 | -€835 | -8.8% |
| Cash at bank and in hand | 54/58 | €40,465 | €47,992 | +€7,527 | +18.6% |
| Total equity and liabilities | 10/49 | €127,233 | €102,294 | -€24,938 | -19.6% |
| Equity | 10/15 | €47,443 | €53,552 | +€6,109 | +12.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,443 | €50,552 | +€6,109 | +13.7% |
| Distributable reserves | 133 | €44,443 | €50,552 | +€6,109 | +13.7% |
| Amounts payable | 17/49 | €79,789 | €48,742 | -€31,047 | -38.9% |
| Amounts payable within one year | 42/48 | €11,925 | €8,384 | -€3,541 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €259 | - | -€259 | |
| Trade debts | 44 | €611 | €2,784 | +€2,173 | +355.4% |
| Suppliers | 440/4 | €611 | €2,784 | +€2,173 | +355.4% |
| Taxes, remuneration and social security | 45 | €11,055 | €5,600 | -€5,455 | -49.3% |
| Taxes | 450/3 | €9,455 | €4,000 | -€5,455 | -57.7% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €67,864 | €40,358 | -€27,506 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,366 | €3,499 | +€133 | +3.9% |
| Other operating charges | 640/8 | €696 | €481 | -€215 | -30.9% |
| Gross operating margin | 9900 | €11,845 | €12,181 | +€336 | +2.8% |
| Operating profit (loss) | 9901 | €7,783 | €8,201 | +€418 | +5.4% |
| Financial income | 75/76B | €204 | €474 | +€270 | +132.4% |
| Recurring financial income | 75 | €204 | €474 | +€270 | +132.4% |
| Financial charges | 65/66B | €199 | €131 | -€67 | -33.9% |
| Recurring financial charges | 65 | €199 | €131 | -€67 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €7,788 | €8,543 | +€755 | +9.7% |
| Income taxes | 67/77 | €2,099 | €2,435 | +€336 | +16.0% |
| Profit (loss) for the period | 9904 | €5,689 | €6,109 | +€419 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,689 | €6,109 | +€419 | +7.4% |
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 10 October 2026 via checked.be.