RICOLE: 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.
RICOLE
Largest movements
- Stocks and contracts -€295,997
down €295,997 (-94.6%), from €312,996 to €16,999
- Cash +€89,953
up €89,953 (+223.2%), from €40,301 to €130,254
mainly Stocks and contracts (+€295,997) and Other debts (+€58,762)
- Receivables within one year +€70,016
up €70,016 (+60.4%), from €115,860 to €185,876
of which Trade receivables: +€70,212
- Tangible fixed assets +€45,375
up €45,375 (+983.8%), from €4,612 to €49,987
of which Furniture and vehicles: +€43,623
- Financial fixed assets +€7,615
new in 2025: €7,615
- Profit (loss) carried forward -€160,998
down €160,998 (-1242.0%), from -€12,963 to -€173,961
- Other debts +€58,762
up €58,762 (+76.6%), from €76,759 to €135,521
- Trade debts +€29,513
up €29,513 (+55.4%), from €53,295 to €82,808
- Tax, wage and social debts -€14,998
down €14,998 (-19.3%), from €77,675 to €62,677
- Gross operating margin -€357,234
down €357,234, from €216,942 to -€140,291
- Taxes -€67,877
down €67,877 (-96.7%), from €70,198 to €2,322
- Depreciation +€3,445
up €3,445 (+81.2%), from €4,244 to €7,690
- Financial charges +€3,298
up €3,298 (+72.0%), from €4,581 to €7,879
of which Financial charges: +€3,298
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 | €477,767 | €394,370 | -€83,397 | -17.5% |
| Fixed assets | 21/28 | €4,612 | €57,602 | +€52,990 | +1148.9% |
| Tangible fixed assets | 22/27 | €4,612 | €49,987 | +€45,375 | +983.8% |
| Plant, machinery and equipment | 23 | €1,446 | €3,198 | +€1,752 | +121.2% |
| Furniture and vehicles | 24 | €3,166 | €46,789 | +€43,623 | +1377.8% |
| Financial fixed assets | 28 | - | €7,615 | +€7,615 | |
| Current assets | 29/58 | €473,155 | €336,768 | -€136,387 | -28.8% |
| Stocks and contracts in progress | 3 | €312,996 | €16,999 | -€295,997 | -94.6% |
| Stocks | 30/36 | €312,996 | €16,999 | -€295,997 | -94.6% |
| Amounts receivable within one year | 40/41 | €115,860 | €185,876 | +€70,016 | +60.4% |
| Trade receivables | 40 | €115,664 | €185,876 | +€70,212 | +60.7% |
| Other amounts receivable | 41 | €197 | €0 | -€197 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,301 | €130,254 | +€89,953 | +223.2% |
| Deferred charges and accrued income | 490/1 | €3,998 | €3,639 | -€359 | -9.0% |
| Total equity and liabilities | 10/49 | €477,767 | €394,370 | -€83,397 | -17.5% |
| Equity | 10/15 | €267,497 | €106,499 | -€160,998 | -60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,860 | €261,860 | = | 0.0% |
| Distributable reserves | 133 | €261,860 | €261,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,963 | -€173,961 | -€160,998 | -1242.0% |
| Amounts payable | 17/49 | €210,270 | €287,871 | +€77,601 | +36.9% |
| Amounts payable within one year | 42/48 | €207,728 | €281,005 | +€73,277 | +35.3% |
| Trade debts | 44 | €53,295 | €82,808 | +€29,513 | +55.4% |
| Suppliers | 440/4 | €53,295 | €82,808 | +€29,513 | +55.4% |
| Taxes, remuneration and social security | 45 | €77,675 | €62,677 | -€14,998 | -19.3% |
| Taxes | 450/3 | €77,675 | €62,677 | -€14,998 | -19.3% |
| Other amounts payable | 47/48 | €76,759 | €135,521 | +€58,762 | +76.6% |
| Accrued charges and deferred income | 492/3 | €2,542 | €6,865 | +€4,323 | +170.1% |
| Non-recurring operating income | 76A | - | €12,494 | +€12,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,244 | €7,690 | +€3,445 | +81.2% |
| Other operating charges | 640/8 | €1,591 | €2,994 | +€1,403 | +88.1% |
| Gross operating margin | 9900 | €216,942 | -€140,291 | -€357,234 | |
| Operating profit (loss) | 9901 | €211,107 | -€150,975 | -€362,081 | |
| Financial income | 75/76B | €125 | €178 | +€53 | +42.2% |
| Recurring financial income | 75 | €125 | €178 | +€53 | +42.2% |
| Financial charges | 65/66B | €4,581 | €7,879 | +€3,298 | +72.0% |
| Recurring financial charges | 65 | €4,581 | €7,879 | +€3,298 | +72.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €206,651 | -€158,676 | -€365,327 | |
| Income taxes | 67/77 | €70,198 | €2,322 | -€67,877 | -96.7% |
| Profit (loss) for the period | 9904 | €136,452 | -€160,998 | -€297,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,452 | -€160,998 | -€297,450 |
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 4 October 2026 via checked.be.