RIK CAERELS: 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.
RIK CAERELS
Largest movements
- Cash -€12,675
down €12,675 (-12.2%), from €103,772 to €91,097
mainly Contributions, distributions and other (-€24,118) and Other debts (-€21,950)
- Receivables within one year -€4,810
down €4,810 (-66.0%), from €7,288 to €2,478
of which Other amounts receivable: -€2,456
- Other debts -€21,950
down €21,950 (-100%), from €21,950 to €0
- Reserves +€5,099
up €5,099 (+5.6%), from €90,711 to €95,810
- Tax, wage and social debts +€1,832
up €1,832 (+12.2%), from €15,039 to €16,871
- Gross operating margin -€26,065
down €26,065 (-39.3%), from €66,349 to €40,284
- Taxes -€5,015
down €5,015 (-39.4%), from €12,737 to €7,722
- Financial charges -€1,871
down €1,871 (-68.3%), from €2,738 to €867
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 | €131,496 | €115,847 | -€15,649 | -11.9% |
| Fixed assets | 21/28 | €1,227 | €2,026 | +€799 | +65.1% |
| Tangible fixed assets | 22/27 | €1,227 | €2,026 | +€799 | +65.1% |
| Furniture and vehicles | 24 | €1,227 | €2,026 | +€799 | +65.1% |
| Current assets | 29/58 | €130,269 | €113,821 | -€16,448 | -12.6% |
| Amounts receivable within one year | 40/41 | €7,288 | €2,478 | -€4,810 | -66.0% |
| Trade receivables | 40 | €2,354 | €0 | -€2,354 | -100% |
| Other amounts receivable | 41 | €4,934 | €2,478 | -€2,456 | -49.8% |
| Cash at bank and in hand | 54/58 | €103,772 | €91,097 | -€12,675 | -12.2% |
| Deferred charges and accrued income | 490/1 | €19,209 | €20,246 | +€1,037 | +5.4% |
| Total equity and liabilities | 10/49 | €131,496 | €115,847 | -€15,649 | -11.9% |
| Equity | 10/15 | €93,711 | €98,810 | +€5,099 | +5.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,711 | €95,810 | +€5,099 | +5.6% |
| Distributable reserves | 133 | €90,711 | €95,810 | +€5,099 | +5.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,785 | €17,037 | -€20,748 | -54.9% |
| Amounts payable within one year | 42/48 | €37,785 | €17,037 | -€20,748 | -54.9% |
| Trade debts | 44 | €797 | €166 | -€630 | -79.1% |
| Suppliers | 440/4 | €797 | €166 | -€630 | -79.1% |
| Taxes, remuneration and social security | 45 | €15,039 | €16,871 | +€1,832 | +12.2% |
| Taxes | 450/3 | €15,039 | €16,871 | +€1,832 | +12.2% |
| Other amounts payable | 47/48 | €21,950 | €0 | -€21,950 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,298 | €1,910 | +€612 | +47.1% |
| Other operating charges | 640/8 | €371 | €585 | +€214 | +57.7% |
| Gross operating margin | 9900 | €66,349 | €40,284 | -€26,065 | -39.3% |
| Operating profit (loss) | 9901 | €64,679 | €37,789 | -€26,891 | -41.6% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €2,738 | €867 | -€1,871 | -68.3% |
| Recurring financial charges | 65 | €2,738 | €867 | -€1,871 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €61,942 | €36,939 | -€25,003 | -40.4% |
| Income taxes | 67/77 | €12,737 | €7,722 | -€5,015 | -39.4% |
| Profit (loss) for the period | 9904 | €49,204 | €29,217 | -€19,988 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,204 | €29,217 | -€19,988 | -40.6% |
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 24 October 2026 via checked.be.