RICOM: 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.
RICOM
Largest movements
- Receivables within one year -€226,271
down €226,271 (-51.2%), from €442,028 to €215,756
of which Trade receivables: -€189,496
- Cash +€54,749
up €54,749 (+53.1%), from €103,028 to €157,777
mainly Receivables within one year (+€226,271) and Other debts (+€123,521)
- Tangible fixed assets -€11,793
down €11,793 (-56.2%), from €20,975 to €9,183
of which Furniture and vehicles: -€11,081
- Profit (loss) carried forward -€221,141
down €221,141 (-99.7%), from €221,861 to €720
- Other debts +€123,521
up €123,521 (+1900.3%), from €6,500 to €130,021
- Trade debts -€74,403
down €74,403 (-82.6%), from €90,126 to €15,723
- Tax, wage and social debts -€20,179
down €20,179 (-42.1%), from €47,964 to €27,785
of which Taxes: -€16,640
- Reserves +€12,000
up €12,000 (+5.1%), from €236,860 to €248,860
of which Distributable reserves: +€12,000
- Gross operating margin -€299,516
down €299,516 (-79.1%), from €378,684 to €79,168
- Staff costs -€52,287
down €52,287 (-76.0%), from €68,814 to €16,527
- Taxes -€38,938
down €38,938 (-71.7%), from €54,314 to €15,376
- Financial charges +€11,081
up €11,081 (+142.4%), from €7,782 to €18,863
of which Non-recurring financial charges: +€10,019
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 | €630,894 | €448,855 | -€182,039 | -28.9% |
| Fixed assets | 21/28 | €25,475 | €13,683 | -€11,793 | -46.3% |
| Tangible fixed assets | 22/27 | €20,975 | €9,183 | -€11,793 | -56.2% |
| Plant, machinery and equipment | 23 | €712 | €0 | -€712 | -100.0% |
| Furniture and vehicles | 24 | €20,263 | €9,183 | -€11,081 | -54.7% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €605,419 | €435,173 | -€170,246 | -28.1% |
| Stocks and contracts in progress | 3 | €60,363 | €60,363 | = | 0.0% |
| Stocks | 30/36 | €60,363 | €60,363 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €442,028 | €215,756 | -€226,271 | -51.2% |
| Trade receivables | 40 | €360,628 | €171,132 | -€189,496 | -52.5% |
| Other amounts receivable | 41 | €81,400 | €44,624 | -€36,775 | -45.2% |
| Cash at bank and in hand | 54/58 | €103,028 | €157,777 | +€54,749 | +53.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,276 | +€1,276 | |
| Total equity and liabilities | 10/49 | €630,894 | €448,855 | -€182,039 | -28.9% |
| Equity | 10/15 | €465,221 | €256,080 | -€209,141 | -45.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €236,860 | €248,860 | +€12,000 | +5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €236,860 | €248,860 | +€12,000 | +5.1% |
| Profit (loss) carried forward | 14 | €221,861 | €720 | -€221,141 | -99.7% |
| Amounts payable | 17/49 | €165,673 | €192,775 | +€27,102 | +16.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €165,673 | €192,775 | +€27,102 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €2,039 | €0 | -€2,039 | -100.0% |
| Financial debts | 43 | €19,043 | €19,246 | +€203 | +1.1% |
| Credit institutions | 430/8 | €19,043 | €19,246 | +€203 | +1.1% |
| Trade debts | 44 | €90,126 | €15,723 | -€74,403 | -82.6% |
| Suppliers | 440/4 | €90,126 | €15,723 | -€74,403 | -82.6% |
| Taxes, remuneration and social security | 45 | €47,964 | €27,785 | -€20,179 | -42.1% |
| Taxes | 450/3 | €44,425 | €27,785 | -€16,640 | -37.5% |
| Remuneration and social security | 454/9 | €3,539 | €0 | -€3,539 | -100.0% |
| Other amounts payable | 47/48 | €6,500 | €130,021 | +€123,521 | +1900.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €68,814 | €16,527 | -€52,287 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | €2,572 | -€2,117 | -45.1% |
| Other operating charges | 640/8 | €922 | €1,724 | +€803 | +87.1% |
| Gross operating margin | 9900 | €378,684 | €79,168 | -€299,516 | -79.1% |
| Operating profit (loss) | 9901 | €304,260 | €58,344 | -€245,915 | -80.8% |
| Financial income | 75/76B | €4,556 | €5,484 | +€928 | +20.4% |
| Recurring financial income | 75 | €4,556 | €0 | -€4,556 | -100.0% |
| Non-recurring financial income | 76B | - | €5,484 | +€5,484 | |
| Financial charges | 65/66B | €7,782 | €18,863 | +€11,081 | +142.4% |
| Recurring financial charges | 65 | €5,257 | €6,319 | +€1,062 | +20.2% |
| Non-recurring financial charges | 66B | €2,525 | €12,545 | +€10,019 | +396.7% |
| Profit (loss) for the period before taxes | 9903 | €301,033 | €44,965 | -€256,068 | -85.1% |
| Income taxes | 67/77 | €54,314 | €15,376 | -€38,938 | -71.7% |
| Profit (loss) for the period | 9904 | €246,720 | €29,590 | -€217,130 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €246,720 | €29,590 | -€217,130 | -88.0% |
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.