RK: 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.
RK
Largest movements
- Receivables within one year +€19,882
up €19,882 (+47.0%), from €42,325 to €62,207
of which Trade receivables: +€21,756
- Receivables after one year -€19,660
down €19,660 (-13.3%), from €147,353 to €127,693
- Cash +€8,563
up €8,563 (+37.5%), from €22,849 to €31,412
mainly Net result for the year (+€39,797) and Depreciation (+€24,245)
- Tangible fixed assets -€4,601
down €4,601 (-7.1%), from €65,188 to €60,587
of which Furniture and vehicles: -€17,071
- Profit (loss) carried forward +€39,797
up €39,797 (+33.7%), from €118,180 to €157,977
- Debts after one year -€23,987
no longer reported in 2025 (was €23,987)
- Current portion of long-term debt -€9,918
no longer reported in 2025 (was €9,918)
- Tax, wage and social debts +€9,182
up €9,182 (+25.0%), from €36,745 to €45,927
of which Taxes: +€12,427
- Trade debts -€8,601
down €8,601 (-21.1%), from €40,839 to €32,238
- Staff costs +€24,493
up €24,493 (+29.0%), from €84,545 to €109,038
- Gross operating margin -€20,652
down €20,652 (-9.8%), from €210,296 to €189,644
- Taxes -€17,647
down €17,647 (-58.7%), from €30,039 to €12,392
- Depreciation +€5,784
up €5,784 (+31.3%), from €18,461 to €24,245
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 | €280,016 | €286,578 | +€6,562 | +2.3% |
| Fixed assets | 21/28 | €65,188 | €60,587 | -€4,601 | -7.1% |
| Tangible fixed assets | 22/27 | €65,188 | €60,587 | -€4,601 | -7.1% |
| Land and buildings | 22 | - | €15,870 | +€15,870 | |
| Plant, machinery and equipment | 23 | €8,096 | €4,696 | -€3,400 | -42.0% |
| Furniture and vehicles | 24 | €57,092 | €40,021 | -€17,071 | -29.9% |
| Current assets | 29/58 | €214,828 | €225,991 | +€11,163 | +5.2% |
| Amounts receivable after more than one year | 29 | €147,353 | €127,693 | -€19,660 | -13.3% |
| Other amounts receivable | 291 | €147,353 | €127,693 | -€19,660 | -13.3% |
| Amounts receivable within one year | 40/41 | €42,325 | €62,207 | +€19,882 | +47.0% |
| Trade receivables | 40 | €33,240 | €54,996 | +€21,756 | +65.5% |
| Other amounts receivable | 41 | €9,085 | €7,211 | -€1,874 | -20.6% |
| Cash at bank and in hand | 54/58 | €22,849 | €31,412 | +€8,563 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,301 | €4,679 | +€2,378 | +103.3% |
| Total equity and liabilities | 10/49 | €280,016 | €286,578 | +€6,562 | +2.3% |
| Equity | 10/15 | €168,527 | €208,324 | +€39,797 | +23.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,347 | €49,347 | = | 0.0% |
| Distributable reserves | 133 | €49,347 | €49,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,180 | €157,977 | +€39,797 | +33.7% |
| Amounts payable | 17/49 | €111,489 | €78,254 | -€33,235 | -29.8% |
| Amounts payable after more than one year | 17 | €23,987 | - | -€23,987 | |
| Financial debts | 170/4 | €23,987 | - | -€23,987 | |
| Amounts payable within one year | 42/48 | €87,502 | €78,254 | -€9,248 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €9,918 | - | -€9,918 | |
| Trade debts | 44 | €40,839 | €32,238 | -€8,601 | -21.1% |
| Suppliers | 440/4 | €40,839 | €32,238 | -€8,601 | -21.1% |
| Taxes, remuneration and social security | 45 | €36,745 | €45,927 | +€9,182 | +25.0% |
| Taxes | 450/3 | €30,038 | €42,465 | +€12,427 | +41.4% |
| Remuneration and social security | 454/9 | €6,707 | €3,462 | -€3,245 | -48.4% |
| Other amounts payable | 47/48 | - | €89 | +€89 | |
| Remuneration, social security and pensions | 62 | €84,545 | €109,038 | +€24,493 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,461 | €24,245 | +€5,784 | +31.3% |
| Other operating charges | 640/8 | €2,694 | €3,476 | +€782 | +29.0% |
| Gross operating margin | 9900 | €210,296 | €189,644 | -€20,652 | -9.8% |
| Operating profit (loss) | 9901 | €104,596 | €52,885 | -€51,711 | -49.4% |
| Financial income | 75/76B | €2,177 | €2,050 | -€127 | -5.8% |
| Recurring financial income | 75 | €2,177 | €2,050 | -€127 | -5.8% |
| Financial charges | 65/66B | €1,935 | €2,746 | +€811 | +41.9% |
| Recurring financial charges | 65 | €1,935 | €2,746 | +€811 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €104,838 | €52,189 | -€52,649 | -50.2% |
| Income taxes | 67/77 | €30,039 | €12,392 | -€17,647 | -58.7% |
| Profit (loss) for the period | 9904 | €74,799 | €39,797 | -€35,002 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,799 | €39,797 | -€35,002 | -46.8% |
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 3 October 2026 via checked.be.