RICHARD-MAGAIN: what changed
RICHARD-MAGAIN
Largest movements
- Receivables within one year -€51,192
down €51,192 (-89.7%), from €57,049 to €5,857
- Cash +€48,363
up €48,363 (+18.5%), from €260,904 to €309,266
mainly Receivables within one year (+€51,192) and Net result for the year (+€15,290)
- Reserves +€15,290
up €15,290 (+6.4%), from €237,697 to €252,987
of which Distributable reserves: +€15,290
- Current portion of long-term debt -€8,866
down €8,866 (-36.4%), from €24,366 to €15,500
- Debts after one year -€6,634
down €6,634 (-14.9%), from €44,671 to €38,037
- Tax, wage and social debts -€5,560
down €5,560 (-78.4%), from €7,089 to €1,529
- Gross operating margin -€25,277
down €25,277 (-45.7%), from €55,300 to €30,023
- Taxes -€9,903
down €9,903 (-58.1%), from €17,038 to €7,135
- Financial charges +€4,607
up €4,607 (+107%), from €4,325 to €8,932
- Other operating charges +€1,215
new in 2025: €1,215
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,024 | €315,158 | -€4,865 | -1.5% |
| Current assets | 29/58 | €320,024 | €315,158 | -€4,865 | -1.5% |
| Amounts receivable within one year | 40/41 | €57,049 | €5,857 | -€51,192 | -89.7% |
| Other amounts receivable | 41 | €57,049 | €5,857 | -€51,192 | -89.7% |
| Cash at bank and in hand | 54/58 | €260,904 | €309,266 | +€48,363 | +18.5% |
| Deferred charges and accrued income | 490/1 | €2,071 | €35 | -€2,036 | -98.3% |
| Total equity and liabilities | 10/49 | €320,024 | €315,158 | -€4,865 | -1.5% |
| Equity | 10/15 | €243,897 | €259,187 | +€15,290 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €237,697 | €252,987 | +€15,290 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €235,837 | €251,127 | +€15,290 | +6.5% |
| Amounts payable | 17/49 | €76,126 | €55,971 | -€20,155 | -26.5% |
| Amounts payable after more than one year | 17 | €44,671 | €38,037 | -€6,634 | -14.9% |
| Financial debts | 170/4 | €44,671 | €38,037 | -€6,634 | -14.9% |
| Amounts payable within one year | 42/48 | €31,455 | €17,934 | -€13,521 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €24,366 | €15,500 | -€8,866 | -36.4% |
| Taxes, remuneration and social security | 45 | €7,089 | €1,529 | -€5,560 | -78.4% |
| Taxes | 450/3 | €7,089 | €1,529 | -€5,560 | -78.4% |
| Other amounts payable | 47/48 | - | €905 | +€905 | |
| Other operating charges | 640/8 | - | €1,215 | +€1,215 | |
| Gross operating margin | 9900 | €55,300 | €30,023 | -€25,277 | -45.7% |
| Operating profit (loss) | 9901 | €55,300 | €28,808 | -€26,492 | -47.9% |
| Financial income | 75/76B | €2,572 | €2,549 | -€24 | -0.9% |
| Recurring financial income | 75 | €2,572 | €2,549 | -€24 | -0.9% |
| Financial charges | 65/66B | €4,325 | €8,932 | +€4,607 | +107% |
| Recurring financial charges | 65 | €4,325 | €8,932 | +€4,607 | +107% |
| Profit (loss) for the period before taxes | 9903 | €53,547 | €22,425 | -€31,122 | -58.1% |
| Income taxes | 67/77 | €17,038 | €7,135 | -€9,903 | -58.1% |
| Profit (loss) for the period | 9904 | €36,510 | €15,290 | -€21,220 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,510 | €15,290 | -€21,220 | -58.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.