RICNEW: 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.
RICNEW
Largest movements
- Receivables within one year -€51,346
down €51,346 (-74.0%), from €69,355 to €18,008
of which Trade receivables: -€52,436
- Cash +€10,089
up €10,089 (+290%), from €3,474 to €13,563
- Deferred charges and accrued income +€6,489
up €6,489 (+272%), from €2,382 to €8,870
- Tangible fixed assets +€3,293
up €3,293 (+206%), from €1,596 to €4,889
of which Furniture and vehicles: +€4,050
- Profit (loss) carried forward -€48,135
down €48,135, from €36,648 to -€11,487
- Other debts +€19,070
up €19,070, from €0 to €19,070
- Trade debts -€6,742
down €6,742 (-96.5%), from €6,989 to €247
- Tax, wage and social debts +€4,406
up €4,406, from €0 to €4,406
of which Taxes: +€4,406
- Gross operating margin -€6,648
down €6,648 (-101%), from -€6,586 to -€13,234
- Depreciation +€4,122
up €4,122 (+653%), from €632 to €4,754
- Staff costs +€348
new in 2025: €348
- Financial charges -€287
down €287 (-40.1%), from €717 to €430
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,807 | €45,331 | -€31,476 | -41.0% |
| Fixed assets | 21/28 | €1,596 | €4,889 | +€3,293 | +206% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,596 | €4,889 | +€3,293 | +206% |
| Land and buildings | 22 | €1,596 | €334 | -€1,262 | -79.1% |
| Plant, machinery and equipment | 23 | €0 | €504 | +€504 | |
| Furniture and vehicles | 24 | €0 | €4,050 | +€4,050 | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €75,210 | €40,442 | -€34,769 | -46.2% |
| Amounts receivable within one year | 40/41 | €69,355 | €18,008 | -€51,346 | -74.0% |
| Trade receivables | 40 | €66,383 | €13,947 | -€52,436 | -79.0% |
| Other amounts receivable | 41 | €2,971 | €4,061 | +€1,090 | +36.7% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,474 | €13,563 | +€10,089 | +290% |
| Deferred charges and accrued income | 490/1 | €2,382 | €8,870 | +€6,489 | +272% |
| Total equity and liabilities | 10/49 | €76,807 | €45,331 | -€31,476 | -41.0% |
| Equity | 10/15 | €69,743 | €21,608 | -€48,135 | -69.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €21,095 | €21,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,195 | €19,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,648 | -€11,487 | -€48,135 | |
| Amounts payable | 17/49 | €7,064 | €23,723 | +€16,659 | +236% |
| Amounts payable within one year | 42/48 | €7,064 | €23,723 | +€16,659 | +236% |
| Financial debts | 43 | €75 | €0 | -€75 | -100% |
| Credit institutions | 430/8 | €75 | €0 | -€75 | -100% |
| Trade debts | 44 | €6,989 | €247 | -€6,742 | -96.5% |
| Suppliers | 440/4 | €6,989 | €247 | -€6,742 | -96.5% |
| Taxes, remuneration and social security | 45 | €0 | €4,406 | +€4,406 | |
| Taxes | 450/3 | €0 | €4,406 | +€4,406 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €19,070 | +€19,070 | |
| Remuneration, social security and pensions | 62 | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €4,754 | +€4,122 | +653% |
| Other operating charges | 640/8 | €1,294 | €1,361 | +€66 | +5.1% |
| Gross operating margin | 9900 | -€6,586 | -€13,234 | -€6,648 | -101% |
| Operating profit (loss) | 9901 | -€8,512 | -€19,696 | -€11,184 | -131% |
| Financial income | 75/76B | €0 | €110 | +€110 | +49,955% |
| Recurring financial income | 75 | €0 | €110 | +€110 | +49,955% |
| Financial charges | 65/66B | €717 | €430 | -€287 | -40.1% |
| Recurring financial charges | 65 | €717 | €430 | -€287 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,229 | -€20,015 | -€10,786 | -117% |
| Profit (loss) for the period | 9904 | -€9,229 | -€20,015 | -€10,786 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,229 | -€20,015 | -€10,786 | -117% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.