RICO LAB: 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 LAB
Largest movements
- Cash +€12,557
up €12,557 (+24.2%), from €51,791 to €64,348
mainly Accrued charges and deferred income (+€27,291) and Net result for the year (+€27,228)
- Stocks and contracts +€9,894
up €9,894 (+22.9%), from €43,263 to €53,157
- Receivables within one year -€7,729
down €7,729 (-10.0%), from €77,128 to €69,399
of which Trade receivables: -€10,015
- Tangible fixed assets +€3,087
up €3,087 (+12.0%), from €25,714 to €28,801
of which Plant, machinery and equipment: +€3,677
- Reserves +€34,227
new in 2025: €34,227
- Trade debts -€32,258
down €32,258 (-34.7%), from €93,030 to €60,772
- Accrued charges and deferred income +€27,291
up €27,291, from €0 to €27,291
- Profit (loss) carried forward -€12,004
down €12,004 (-100%), from €12,004 to €0
- Other debts +€7,116
up €7,116 (+327%), from €2,176 to €9,292
- Gross operating margin +€52,144
up €52,144 (+36.1%), from €144,556 to €196,700
- Staff costs +€31,478
up €31,478 (+27.3%), from €115,329 to €146,807
- Taxes +€6,208
up €6,208 (+784%), from €792 to €7,000
- Financial charges -€6,042
down €6,042 (-50.5%), from €11,970 to €5,929
- Depreciation -€3,356
down €3,356 (-30.9%), from €10,861 to €7,505
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.
Derived cash bridge
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 | €199,965 | €218,971 | +€19,006 | +9.5% |
| Fixed assets | 21/28 | €27,664 | €30,751 | +€3,087 | +11.2% |
| Tangible fixed assets | 22/27 | €25,714 | €28,801 | +€3,087 | +12.0% |
| Plant, machinery and equipment | 23 | €4,914 | €8,591 | +€3,677 | +74.8% |
| Furniture and vehicles | 24 | €9,994 | €8,442 | -€1,552 | -15.5% |
| Other tangible fixed assets | 26 | €10,806 | €8,768 | -€2,039 | -18.9% |
| Assets under construction and advance payments | 27 | - | €3,000 | +€3,000 | |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €172,301 | €188,220 | +€15,919 | +9.2% |
| Stocks and contracts in progress | 3 | €43,263 | €53,157 | +€9,894 | +22.9% |
| Stocks | 30/36 | €43,263 | €53,157 | +€9,894 | +22.9% |
| Amounts receivable within one year | 40/41 | €77,128 | €69,399 | -€7,729 | -10.0% |
| Trade receivables | 40 | €64,456 | €54,441 | -€10,015 | -15.5% |
| Other amounts receivable | 41 | €12,672 | €14,958 | +€2,286 | +18.0% |
| Cash at bank and in hand | 54/58 | €51,791 | €64,348 | +€12,557 | +24.2% |
| Deferred charges and accrued income | 490/1 | €119 | €1,316 | +€1,197 | +1,002% |
| Total equity and liabilities | 10/49 | €199,965 | €218,971 | +€19,006 | +9.5% |
| Equity | 10/15 | €65,704 | €94,377 | +€28,673 | +43.6% |
| Contributions | 10/11 | €53,700 | €60,150 | +€6,450 | +12.0% |
| Reserves | 13 | - | €34,227 | +€34,227 | |
| Distributable reserves | 133 | - | €34,227 | +€34,227 | |
| Profit (loss) carried forward | 14 | €12,004 | €0 | -€12,004 | -100% |
| Amounts payable | 17/49 | €134,261 | €124,594 | -€9,667 | -7.2% |
| Amounts payable after more than one year | 17 | €10,301 | €5,176 | -€5,125 | -49.8% |
| Financial debts | 170/4 | €10,301 | €5,176 | -€5,125 | -49.8% |
| Amounts payable within one year | 42/48 | €123,960 | €92,127 | -€31,833 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €5,074 | €5,125 | +€51 | +1.0% |
| Trade debts | 44 | €93,030 | €60,772 | -€32,258 | -34.7% |
| Suppliers | 440/4 | €93,030 | €60,772 | -€32,258 | -34.7% |
| Taxes, remuneration and social security | 45 | €23,679 | €16,938 | -€6,741 | -28.5% |
| Taxes | 450/3 | €7,820 | €613 | -€7,207 | -92.2% |
| Remuneration and social security | 454/9 | €15,859 | €16,325 | +€466 | +2.9% |
| Other amounts payable | 47/48 | €2,176 | €9,292 | +€7,116 | +327% |
| Accrued charges and deferred income | 492/3 | €0 | €27,291 | +€27,291 | |
| Remuneration, social security and pensions | 62 | €115,329 | €146,807 | +€31,478 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,861 | €7,505 | -€3,356 | -30.9% |
| Other operating charges | 640/8 | €2,206 | €2,813 | +€607 | +27.5% |
| Gross operating margin | 9900 | €144,556 | €196,700 | +€52,144 | +36.1% |
| Operating profit (loss) | 9901 | €16,160 | €39,575 | +€23,415 | +145% |
| Financial income | 75/76B | €626 | €582 | -€44 | -7.1% |
| Recurring financial income | 75 | €626 | €582 | -€44 | -7.1% |
| Financial charges | 65/66B | €11,970 | €5,929 | -€6,042 | -50.5% |
| Recurring financial charges | 65 | €11,970 | €5,929 | -€6,042 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €4,816 | €34,228 | +€29,412 | +611% |
| Income taxes | 67/77 | €792 | €7,000 | +€6,208 | +784% |
| Profit (loss) for the period | 9904 | €4,024 | €27,228 | +€23,204 | +577% |
| Profit (loss) for the period to be appropriated | 9905 | €4,024 | €27,228 | +€23,204 | +577% |
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 22 October 2026 via checked.be.