RICLO: 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.
RICLO
Largest movements
- Cash -€14,638
down €14,638 (-30.6%), from €47,822 to €33,184
mainly Other debts (-€29,298) and Trade debts (-€3,777)
- Receivables after one year -€10,919
no longer reported in 2025 (was €10,919)
- Other debts -€29,298
down €29,298 (-73.2%), from €40,000 to €10,702
- Reserves +€7,152
up €7,152 (+7.7%), from €93,173 to €100,325
- Trade debts -€3,777
down €3,777 (-41.1%), from €9,188 to €5,410
- Gross operating margin -€29,182
down €29,182 (-54.6%), from €53,446 to €24,264
- Taxes -€5,710
down €5,710 (-53.8%), from €10,617 to €4,907
- Financial charges +€1,168
up €1,168 (+16.0%), from €7,299 to €8,466
- Depreciation +€1,068
up €1,068 (+44.9%), from €2,378 to €3,446
- Financial income -€916
down €916 (-79.7%), from €1,150 to €234
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 | €154,657 | €127,411 | -€27,247 | -17.6% |
| Fixed assets | 21/28 | €13,715 | €12,248 | -€1,467 | -10.7% |
| Tangible fixed assets | 22/27 | €13,715 | €12,248 | -€1,467 | -10.7% |
| Furniture and vehicles | 24 | €1,447 | €1,804 | +€357 | +24.7% |
| Leasing and similar rights | 25 | €8,519 | €7,134 | -€1,385 | -16.3% |
| Other tangible fixed assets | 26 | €3,749 | €3,310 | -€439 | -11.7% |
| Current assets | 29/58 | €140,942 | €115,162 | -€25,780 | -18.3% |
| Amounts receivable after more than one year | 29 | €10,919 | - | -€10,919 | |
| Other amounts receivable | 291 | €10,919 | - | -€10,919 | |
| Amounts receivable within one year | 40/41 | €79,655 | €80,398 | +€744 | +0.9% |
| Trade receivables | 40 | €78,772 | €80,398 | +€1,626 | +2.1% |
| Other amounts receivable | 41 | €883 | - | -€883 | |
| Cash at bank and in hand | 54/58 | €47,822 | €33,184 | -€14,638 | -30.6% |
| Deferred charges and accrued income | 490/1 | €2,547 | €1,580 | -€966 | -37.9% |
| Total equity and liabilities | 10/49 | €154,657 | €127,411 | -€27,247 | -17.6% |
| Equity | 10/15 | €94,173 | €101,325 | +€7,152 | +7.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €93,173 | €100,325 | +€7,152 | +7.7% |
| Distributable reserves | 133 | €93,173 | €100,325 | +€7,152 | +7.7% |
| Amounts payable | 17/49 | €60,484 | €26,085 | -€34,399 | -56.9% |
| Amounts payable within one year | 42/48 | €60,484 | €26,085 | -€34,399 | -56.9% |
| Trade debts | 44 | €9,188 | €5,410 | -€3,777 | -41.1% |
| Suppliers | 440/4 | €9,188 | €5,410 | -€3,777 | -41.1% |
| Taxes, remuneration and social security | 45 | €11,296 | €9,973 | -€1,324 | -11.7% |
| Taxes | 450/3 | €8,296 | €9,973 | +€1,676 | +20.2% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €40,000 | €10,702 | -€29,298 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €3,446 | +€1,068 | +44.9% |
| Other operating charges | 640/8 | €1,219 | €527 | -€692 | -56.8% |
| Gross operating margin | 9900 | €53,446 | €24,264 | -€29,182 | -54.6% |
| Operating profit (loss) | 9901 | €49,850 | €20,292 | -€29,558 | -59.3% |
| Financial income | 75/76B | €1,150 | €234 | -€916 | -79.7% |
| Recurring financial income | 75 | €1,150 | €234 | -€916 | -79.7% |
| Financial charges | 65/66B | €7,299 | €8,466 | +€1,168 | +16.0% |
| Recurring financial charges | 65 | €7,299 | €8,466 | +€1,168 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €43,700 | €12,059 | -€31,641 | -72.4% |
| Income taxes | 67/77 | €10,617 | €4,907 | -€5,710 | -53.8% |
| Profit (loss) for the period | 9904 | €33,083 | €7,152 | -€25,931 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,083 | €7,152 | -€25,931 | -78.4% |
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.