RK4: 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.
RK4
Largest movements
- Receivables within one year +€27,142
up €27,142 (+122%), from €22,231 to €49,373
of which Trade receivables: +€27,142
- Deferred charges and accrued income +€25,745
up €25,745 (+6,064%), from €425 to €26,170
- Cash -€19,918
down €19,918 (-46.9%), from €42,503 to €22,585
mainly Contributions, distributions and other (-€97,581) and Receivables within one year (-€27,142)
- Tangible fixed assets +€1,678
up €1,678 (+25.3%), from €6,624 to €8,302
of which Furniture and vehicles: +€3,817
- Other debts +€32,221
up €32,221 (+49.3%), from €65,360 to €97,581
- Trade debts +€1,867
up €1,867 (+182%), from €1,028 to €2,896
- Gross operating margin +€44,159
up €44,159 (+52.1%), from €84,786 to €128,945
- Taxes +€9,413
up €9,413 (+56.7%), from €16,606 to €26,019
- Depreciation +€1,501
up €1,501 (+83.3%), from €1,802 to €3,303
- Financial charges +€1,328
up €1,328 (+1,000%), from €133 to €1,461
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 | €71,783 | €106,430 | +€34,647 | +48.3% |
| Fixed assets | 21/28 | €6,624 | €8,302 | +€1,678 | +25.3% |
| Tangible fixed assets | 22/27 | €6,624 | €8,302 | +€1,678 | +25.3% |
| Plant, machinery and equipment | 23 | €6,624 | €4,485 | -€2,139 | -32.3% |
| Furniture and vehicles | 24 | - | €3,817 | +€3,817 | |
| Current assets | 29/58 | €65,158 | €98,128 | +€32,970 | +50.6% |
| Amounts receivable within one year | 40/41 | €22,231 | €49,373 | +€27,142 | +122% |
| Trade receivables | 40 | €17,279 | €44,421 | +€27,142 | +157% |
| Other amounts receivable | 41 | €4,952 | €4,952 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,503 | €22,585 | -€19,918 | -46.9% |
| Deferred charges and accrued income | 490/1 | €425 | €26,170 | +€25,745 | +6,064% |
| Total equity and liabilities | 10/49 | €71,783 | €106,430 | +€34,647 | +48.3% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,783 | €104,430 | +€34,647 | +49.7% |
| Amounts payable within one year | 42/48 | €69,783 | €104,430 | +€34,647 | +49.7% |
| Trade debts | 44 | €1,028 | €2,896 | +€1,867 | +182% |
| Suppliers | 440/4 | €1,028 | €2,896 | +€1,867 | +182% |
| Taxes, remuneration and social security | 45 | €3,395 | €3,954 | +€559 | +16.5% |
| Taxes | 450/3 | €3,395 | €3,954 | +€559 | +16.5% |
| Other amounts payable | 47/48 | €65,360 | €97,581 | +€32,221 | +49.3% |
| Non-recurring operating income | 76A | - | €8,700 | +€8,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,802 | €3,303 | +€1,501 | +83.3% |
| Other operating charges | 640/8 | €886 | €582 | -€304 | -34.3% |
| Gross operating margin | 9900 | €84,786 | €128,945 | +€44,159 | +52.1% |
| Operating profit (loss) | 9901 | €82,098 | €125,061 | +€42,963 | +52.3% |
| Financial charges | 65/66B | €133 | €1,461 | +€1,328 | +1,000% |
| Recurring financial charges | 65 | €133 | €1,461 | +€1,328 | +1,000% |
| Profit (loss) for the period before taxes | 9903 | €81,965 | €123,600 | +€41,634 | +50.8% |
| Income taxes | 67/77 | €16,606 | €26,019 | +€9,413 | +56.7% |
| Profit (loss) for the period | 9904 | €65,360 | €97,581 | +€32,221 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,360 | €97,581 | +€32,221 | +49.3% |
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 15 October 2026 via checked.be.