RIKAM: 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.
RIKAM
Largest movements
- Receivables within one year +€25,541
up €25,541 (+38.6%), from €66,204 to €91,745
- Cash +€15,529
up €15,529 (+34.2%), from €45,376 to €60,906
mainly Net result for the year (+€53,074) and Depreciation (+€5,800)
- Tangible fixed assets -€5,800
down €5,800 (-27.9%), from €20,790 to €14,990
- Profit (loss) carried forward +€53,074
up €53,074 (+57.0%), from €93,093 to €146,167
- Other debts -€12,300
no longer reported in 2025 (was €12,300)
- Current portion of long-term debt -€5,503
down €5,503 (-32.2%), from €17,086 to €11,583
- Gross operating margin -€58,162
down €58,162 (-45.4%), from €128,092 to €69,930
- Taxes -€10,959
down €10,959 (-44.0%), from €24,891 to €13,932
- Depreciation -€3,609
down €3,609 (-38.4%), from €9,408 to €5,800
- Financial income +€2,355
up €2,355 (+248.1%), from €949 to €3,304
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 | €132,370 | €167,641 | +€35,270 | +26.6% |
| Fixed assets | 21/28 | €20,790 | €14,990 | -€5,800 | -27.9% |
| Tangible fixed assets | 22/27 | €20,790 | €14,990 | -€5,800 | -27.9% |
| Furniture and vehicles | 24 | €20,790 | €14,990 | -€5,800 | -27.9% |
| Current assets | 29/58 | €111,581 | €152,651 | +€41,070 | +36.8% |
| Amounts receivable within one year | 40/41 | €66,204 | €91,745 | +€25,541 | +38.6% |
| Other amounts receivable | 41 | €66,204 | €91,745 | +€25,541 | +38.6% |
| Cash at bank and in hand | 54/58 | €45,376 | €60,906 | +€15,529 | +34.2% |
| Total equity and liabilities | 10/49 | €132,370 | €167,641 | +€35,270 | +26.6% |
| Equity | 10/15 | €98,093 | €151,167 | +€53,074 | +54.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,093 | €146,167 | +€53,074 | +57.0% |
| Amounts payable | 17/49 | €34,277 | €16,474 | -€17,803 | -51.9% |
| Amounts payable within one year | 42/48 | €34,277 | €16,474 | -€17,803 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €17,086 | €11,583 | -€5,503 | -32.2% |
| Taxes, remuneration and social security | 45 | €4,891 | €4,891 | = | 0.0% |
| Taxes | 450/3 | €4,891 | €4,891 | = | 0.0% |
| Other amounts payable | 47/48 | €12,300 | - | -€12,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,408 | €5,800 | -€3,609 | -38.4% |
| Other operating charges | 640/8 | €1,488 | €400 | -€1,088 | -73.1% |
| Gross operating margin | 9900 | €128,092 | €69,930 | -€58,162 | -45.4% |
| Operating profit (loss) | 9901 | €117,196 | €63,730 | -€53,465 | -45.6% |
| Financial income | 75/76B | €949 | €3,304 | +€2,355 | +248.1% |
| Recurring financial income | 75 | €949 | €3,304 | +€2,355 | +248.1% |
| Financial charges | 65/66B | €161 | €29 | -€132 | -81.9% |
| Recurring financial charges | 65 | €161 | €29 | -€132 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €117,984 | €67,006 | -€50,979 | -43.2% |
| Income taxes | 67/77 | €24,891 | €13,932 | -€10,959 | -44.0% |
| Profit (loss) for the period | 9904 | €93,093 | €53,074 | -€40,019 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,093 | €53,074 | -€40,019 | -43.0% |
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 6 October 2026 via checked.be.