&RicO: 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.
&RicO
Largest movements
- Cash -€67,302
down €67,302 (-28.2%), from €238,742 to €171,440
mainly Contributions, distributions and other (-€60,000) and Net result for the year (-€12,977)
- Tangible fixed assets -€10,458
down €10,458 (-78.4%), from €13,337 to €2,880
of which Furniture and vehicles: -€10,095
- Receivables within one year -€4,967
down €4,967 (-31.3%), from €15,894 to €10,927
of which Trade receivables: -€15,429
- Reserves -€72,977
down €72,977 (-40.6%), from €179,592 to €106,615
- Other debts +€15,203
up €15,203 (+33.9%), from €44,797 to €60,000
- Tax, wage and social debts -€12,602
down €12,602 (-99.5%), from €12,669 to €67
- Trade debts -€10,823
down €10,823 (-81.7%), from €13,253 to €2,430
- Gross operating margin -€105,453
down €105,453, from €104,092 to -€1,361
- Taxes -€20,594
down €20,594 (-99.7%), from €20,661 to €67
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 | €268,862 | €187,664 | -€81,198 | -30.2% |
| Fixed assets | 21/28 | €13,337 | €2,880 | -€10,458 | -78.4% |
| Tangible fixed assets | 22/27 | €13,337 | €2,880 | -€10,458 | -78.4% |
| Furniture and vehicles | 24 | €12,868 | €2,773 | -€10,095 | -78.5% |
| Other tangible fixed assets | 26 | €470 | €107 | -€363 | -77.3% |
| Current assets | 29/58 | €255,525 | €184,784 | -€70,741 | -27.7% |
| Amounts receivable within one year | 40/41 | €15,894 | €10,927 | -€4,967 | -31.3% |
| Trade receivables | 40 | €15,429 | €0 | -€15,429 | -100.0% |
| Other amounts receivable | 41 | €465 | €10,927 | +€10,462 | +2249.6% |
| Cash at bank and in hand | 54/58 | €238,742 | €171,440 | -€67,302 | -28.2% |
| Deferred charges and accrued income | 490/1 | €889 | €2,417 | +€1,528 | +172.0% |
| Total equity and liabilities | 10/49 | €268,862 | €187,664 | -€81,198 | -30.2% |
| Equity | 10/15 | €198,142 | €125,165 | -€72,977 | -36.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €179,592 | €106,615 | -€72,977 | -40.6% |
| Distributable reserves | 133 | €179,592 | €106,615 | -€72,977 | -40.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,720 | €62,498 | -€8,222 | -11.6% |
| Amounts payable within one year | 42/48 | €70,720 | €62,498 | -€8,222 | -11.6% |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Credit institutions | 430/8 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €13,253 | €2,430 | -€10,823 | -81.7% |
| Suppliers | 440/4 | €13,253 | €2,430 | -€10,823 | -81.7% |
| Taxes, remuneration and social security | 45 | €12,669 | €67 | -€12,602 | -99.5% |
| Taxes | 450/3 | €12,669 | €67 | -€12,602 | -99.5% |
| Other amounts payable | 47/48 | €44,797 | €60,000 | +€15,203 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,237 | €10,458 | -€779 | -6.9% |
| Other operating charges | 640/8 | €843 | €866 | +€23 | +2.8% |
| Gross operating margin | 9900 | €104,092 | -€1,361 | -€105,453 | |
| Operating profit (loss) | 9901 | €92,011 | -€12,685 | -€104,697 | |
| Financial income | 75/76B | €423 | €0 | -€423 | -100.0% |
| Recurring financial income | 75 | €423 | €0 | -€423 | -100.0% |
| Financial charges | 65/66B | €176 | €224 | +€48 | +27.1% |
| Recurring financial charges | 65 | €176 | €224 | +€48 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €92,259 | -€12,909 | -€105,168 | |
| Income taxes | 67/77 | €20,661 | €67 | -€20,594 | -99.7% |
| Profit (loss) for the period | 9904 | €71,598 | -€12,977 | -€84,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,598 | -€12,977 | -€84,574 |
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 11 October 2026 via checked.be.