RICO: 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.
RICO
Largest movements
- Receivables within one year +€23,220
up €23,220 (+126.0%), from €18,424 to €41,644
of which Trade receivables: +€14,079
- Tangible fixed assets -€20,725
down €20,725 (-61.7%), from €33,575 to €12,850
of which Furniture and vehicles: -€19,563
- Stocks and contracts -€12,866
no longer reported in 2025 (was €12,866)
- Deferred charges and accrued income -€7,673
down €7,673 (-88.6%), from €8,664 to €990
- Cash +€5,283
up €5,283 (+15.0%), from €35,294 to €40,577
mainly Depreciation (+€20,725) and Stocks and contracts (+€12,866)
- Current portion of long-term debt -€5,422
down €5,422 (-65.5%), from €8,281 to €2,859
- Tax, wage and social debts -€3,031
down €3,031 (-19.4%), from €15,636 to €12,605
of which Remuneration and social security: -€3,183
- Debts after one year -€2,859
no longer reported in 2025 (was €2,859)
- Trade debts -€1,484
down €1,484 (-25.8%), from €5,742 to €4,258
- Staff costs +€25,527
up €25,527 (+10.4%), from €245,241 to €270,767
- Gross operating margin +€21,173
up €21,173 (+7.7%), from €273,411 to €294,584
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 | €110,822 | €98,061 | -€12,760 | -11.5% |
| Fixed assets | 21/28 | €35,575 | €14,850 | -€20,725 | -58.3% |
| Tangible fixed assets | 22/27 | €33,575 | €12,850 | -€20,725 | -61.7% |
| Land and buildings | 22 | €1,602 | €682 | -€920 | -57.4% |
| Plant, machinery and equipment | 23 | €243 | - | -€243 | |
| Furniture and vehicles | 24 | €31,730 | €12,168 | -€19,563 | -61.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €75,247 | €83,212 | +€7,965 | +10.6% |
| Stocks and contracts in progress | 3 | €12,866 | - | -€12,866 | |
| Contracts in progress | 37 | €12,866 | - | -€12,866 | |
| Amounts receivable within one year | 40/41 | €18,424 | €41,644 | +€23,220 | +126.0% |
| Trade receivables | 40 | €5,721 | €19,800 | +€14,079 | +246.1% |
| Other amounts receivable | 41 | €12,702 | €21,844 | +€9,141 | +72.0% |
| Cash at bank and in hand | 54/58 | €35,294 | €40,577 | +€5,283 | +15.0% |
| Deferred charges and accrued income | 490/1 | €8,664 | €990 | -€7,673 | -88.6% |
| Total equity and liabilities | 10/49 | €110,822 | €98,061 | -€12,760 | -11.5% |
| Equity | 10/15 | €78,275 | €78,339 | +€65 | +0.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €95,109 | €95,109 | = | 0.0% |
| Distributable reserves | 133 | €95,109 | €95,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,835 | -€18,770 | +€65 | +0.3% |
| Amounts payable | 17/49 | €32,547 | €19,722 | -€12,825 | -39.4% |
| Amounts payable after more than one year | 17 | €2,859 | - | -€2,859 | |
| Financial debts | 170/4 | €2,859 | - | -€2,859 | |
| Amounts payable within one year | 42/48 | €29,658 | €19,722 | -€9,936 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €8,281 | €2,859 | -€5,422 | -65.5% |
| Trade debts | 44 | €5,742 | €4,258 | -€1,484 | -25.8% |
| Suppliers | 440/4 | €5,742 | €4,258 | -€1,484 | -25.8% |
| Taxes, remuneration and social security | 45 | €15,636 | €12,605 | -€3,031 | -19.4% |
| Taxes | 450/3 | €1,780 | €1,932 | +€152 | +8.6% |
| Remuneration and social security | 454/9 | €13,856 | €10,673 | -€3,183 | -23.0% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Non-recurring operating income | 76A | €3,817 | - | -€3,817 | |
| Remuneration, social security and pensions | 62 | €245,241 | €270,767 | +€25,527 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,352 | €20,725 | +€373 | +1.8% |
| Other operating charges | 640/8 | €2,091 | €2,864 | +€772 | +36.9% |
| Non-recurring operating charges | 66A | €515 | - | -€515 | |
| Gross operating margin | 9900 | €273,411 | €294,584 | +€21,173 | +7.7% |
| Operating profit (loss) | 9901 | €5,212 | €228 | -€4,983 | -95.6% |
| Financial income | 75/76B | €435 | €754 | +€318 | +73.2% |
| Recurring financial income | 75 | €435 | €754 | +€318 | +73.2% |
| Financial charges | 65/66B | €1,485 | €665 | -€820 | -55.2% |
| Recurring financial charges | 65 | €1,485 | €665 | -€820 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €4,162 | €317 | -€3,845 | -92.4% |
| Income taxes | 67/77 | €245 | €252 | +€7 | +2.7% |
| Profit (loss) for the period | 9904 | €3,916 | €65 | -€3,852 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,916 | €65 | -€3,852 | -98.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.