RICOS: 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.
RICOS
Largest movements
- Current investments -€102,707
down €102,707 (-17.8%), from €577,518 to €474,811
- Cash +€34,503
up €34,503 (+38.1%), from €90,654 to €125,156
mainly Current investments (+€102,707) and Net result for the year (+€90,177)
- Tangible fixed assets -€27,983
down €27,983 (-21.1%), from €132,612 to €104,629
of which Land and buildings: -€25,052
- Other debts -€83,062
down €83,062 (-41.4%), from €200,855 to €117,794
- Reserves -€12,370
down €12,370 (-2.1%), from €584,739 to €572,369
of which Distributable reserves: -€12,370
- Tax, wage and social debts +€12,019
up €12,019 (+76.0%), from €15,811 to €27,830
- Current portion of long-term debt -€11,423
down €11,423 (-100.0%), from €11,423 to €0
- Financial income -€155,032
down €155,032 (-92.4%), from €167,838 to €12,806
- Taxes -€38,423
down €38,423 (-47.6%), from €80,668 to €42,245
- Gross operating margin +€17,276
up €17,276 (+12.6%), from €136,735 to €154,011
- Depreciation -€2,099
down €2,099 (-7.0%), from €30,082 to €27,983
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 | €833,672 | €737,140 | -€96,532 | -11.6% |
| Fixed assets | 21/28 | €132,612 | €104,629 | -€27,983 | -21.1% |
| Tangible fixed assets | 22/27 | €132,612 | €104,629 | -€27,983 | -21.1% |
| Land and buildings | 22 | €125,259 | €100,208 | -€25,052 | -20.0% |
| Furniture and vehicles | 24 | €3,225 | €940 | -€2,285 | -70.8% |
| Other tangible fixed assets | 26 | €4,128 | €3,481 | -€647 | -15.7% |
| Current assets | 29/58 | €701,060 | €632,511 | -€68,549 | -9.8% |
| Amounts receivable within one year | 40/41 | €32,452 | €32,450 | -€1 | 0.0% |
| Trade receivables | 40 | €32,452 | €32,450 | -€1 | 0.0% |
| Current investments | 50/53 | €577,518 | €474,811 | -€102,707 | -17.8% |
| Cash at bank and in hand | 54/58 | €90,654 | €125,156 | +€34,503 | +38.1% |
| Deferred charges and accrued income | 490/1 | €437 | €93 | -€344 | -78.7% |
| Total equity and liabilities | 10/49 | €833,672 | €737,140 | -€96,532 | -11.6% |
| Equity | 10/15 | €603,339 | €590,969 | -€12,370 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €584,739 | €572,369 | -€12,370 | -2.1% |
| Tax-exempt reserves | 132 | €3,742 | €3,742 | = | 0.0% |
| Distributable reserves | 133 | €580,997 | €568,626 | -€12,370 | -2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €230,333 | €146,171 | -€84,162 | -36.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €230,333 | €146,171 | -€84,162 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €11,423 | €0 | -€11,423 | -100.0% |
| Trade debts | 44 | €2,244 | €548 | -€1,696 | -75.6% |
| Suppliers | 440/4 | €2,244 | €548 | -€1,696 | -75.6% |
| Taxes, remuneration and social security | 45 | €15,811 | €27,830 | +€12,019 | +76.0% |
| Taxes | 450/3 | €15,811 | €27,830 | +€12,019 | +76.0% |
| Other amounts payable | 47/48 | €200,855 | €117,794 | -€83,062 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,082 | €27,983 | -€2,099 | -7.0% |
| Other operating charges | 640/8 | €3,737 | €3,907 | +€170 | +4.5% |
| Gross operating margin | 9900 | €136,735 | €154,011 | +€17,276 | +12.6% |
| Operating profit (loss) | 9901 | €102,915 | €122,121 | +€19,205 | +18.7% |
| Financial income | 75/76B | €167,838 | €12,806 | -€155,032 | -92.4% |
| Recurring financial income | 75 | €167,838 | €12,806 | -€155,032 | -92.4% |
| Financial charges | 65/66B | €3,004 | €2,505 | -€499 | -16.6% |
| Recurring financial charges | 65 | €3,004 | €2,505 | -€499 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €267,749 | €132,422 | -€135,328 | -50.5% |
| Income taxes | 67/77 | €80,668 | €42,245 | -€38,423 | -47.6% |
| Profit (loss) for the period | 9904 | €187,082 | €90,177 | -€96,905 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €187,082 | €90,177 | -€96,905 | -51.8% |
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.