RICOVVA: 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.
RICOVVA
Largest movements
- Receivables within one year +€73,882
up €73,882 (+404%), from €18,280 to €92,162
of which Other amounts receivable: +€42,738
- Tangible fixed assets +€9,600
new in 2025: €9,600
- Profit (loss) carried forward +€59,303
up €59,303 (+408%), from €14,525 to €73,828
- Tax, wage and social debts +€15,356
up €15,356 (+409%), from €3,755 to €19,111
- Trade debts +€8,061
new in 2025: €8,061
- Gross operating margin +€57,057
up €57,057 (+323%), from €17,674 to €74,731
- Taxes +€11,948
up €11,948 (+312%), from €3,826 to €15,774
- Financial income +€2,675
up €2,675 (+368%), from €727 to €3,402
- Depreciation +€2,400
new in 2025: €2,400
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 | €18,280 | €102,000 | +€83,720 | +458% |
| Fixed assets | 21/28 | - | €9,600 | +€9,600 | |
| Tangible fixed assets | 22/27 | - | €9,600 | +€9,600 | |
| Furniture and vehicles | 24 | - | €9,600 | +€9,600 | |
| Current assets | 29/58 | €18,280 | €92,400 | +€74,120 | +405% |
| Amounts receivable within one year | 40/41 | €18,280 | €92,162 | +€73,882 | +404% |
| Trade receivables | 40 | €741 | €31,885 | +€31,144 | +4,203% |
| Other amounts receivable | 41 | €17,539 | €60,277 | +€42,738 | +244% |
| Cash at bank and in hand | 54/58 | - | €238 | +€238 | |
| Total equity and liabilities | 10/49 | €18,280 | €102,000 | +€83,720 | +458% |
| Equity | 10/15 | €14,525 | €74,828 | +€60,303 | +415% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €14,525 | €73,828 | +€59,303 | +408% |
| Amounts payable | 17/49 | €3,755 | €27,172 | +€23,417 | +624% |
| Amounts payable within one year | 42/48 | €3,755 | €27,172 | +€23,417 | +624% |
| Trade debts | 44 | - | €8,061 | +€8,061 | |
| Suppliers | 440/4 | - | €8,061 | +€8,061 | |
| Taxes, remuneration and social security | 45 | €3,755 | €19,111 | +€15,356 | +409% |
| Taxes | 450/3 | €3,755 | €19,111 | +€15,356 | +409% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,400 | +€2,400 | |
| Other operating charges | 640/8 | - | €628 | +€628 | |
| Gross operating margin | 9900 | €17,674 | €74,731 | +€57,057 | +323% |
| Operating profit (loss) | 9901 | €17,674 | €71,703 | +€54,029 | +306% |
| Financial income | 75/76B | €727 | €3,402 | +€2,675 | +368% |
| Recurring financial income | 75 | €727 | €3,402 | +€2,675 | +368% |
| Financial charges | 65/66B | €50 | €28 | -€22 | -44.0% |
| Recurring financial charges | 65 | €50 | €28 | -€22 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €18,351 | €75,077 | +€56,726 | +309% |
| Income taxes | 67/77 | €3,826 | €15,774 | +€11,948 | +312% |
| Profit (loss) for the period | 9904 | €14,525 | €59,303 | +€44,778 | +308% |
| Profit (loss) for the period to be appropriated | 9905 | €14,525 | €59,303 | +€44,778 | +308% |
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 27 October 2026 via checked.be.