RV SPECTER: 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.
RV SPECTER
Largest movements
- Receivables within one year +€54,438
up €54,438 (+181%), from €30,100 to €84,538
of which Other amounts receivable: +€33,491
- Reserves +€39,504
up €39,504 (+221%), from €17,911 to €57,415
- Tax, wage and social debts +€12,964
up €12,964 (+130%), from €9,954 to €22,918
- Trade debts +€2,510
up €2,510 (+469%), from €535 to €3,045
- Gross operating margin +€20,938
up €20,938 (+58.9%), from €35,540 to €56,478
- Other operating charges -€6,380
down €6,380 (-69.9%), from €9,123 to €2,743
- Taxes +€6,118
up €6,118 (+92.2%), from €6,634 to €12,752
- Financial charges +€1,017
up €1,017 (+45.8%), from €2,219 to €3,236
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 | €30,400 | €85,378 | +€54,978 | +181% |
| Current assets | 29/58 | €30,400 | €85,378 | +€54,978 | +181% |
| Amounts receivable within one year | 40/41 | €30,100 | €84,538 | +€54,438 | +181% |
| Trade receivables | 40 | €14,397 | €35,344 | +€20,947 | +145% |
| Other amounts receivable | 41 | €15,703 | €49,193 | +€33,491 | +213% |
| Cash at bank and in hand | 54/58 | €300 | €220 | -€81 | -26.9% |
| Deferred charges and accrued income | 490/1 | - | €620 | +€620 | |
| Total equity and liabilities | 10/49 | €30,400 | €85,378 | +€54,978 | +181% |
| Equity | 10/15 | €19,911 | €59,415 | +€39,504 | +198% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,911 | €57,415 | +€39,504 | +221% |
| Distributable reserves | 133 | €17,911 | €57,415 | +€39,504 | +221% |
| Amounts payable | 17/49 | €10,489 | €25,963 | +€15,474 | +148% |
| Amounts payable within one year | 42/48 | €10,489 | €25,963 | +€15,474 | +148% |
| Trade debts | 44 | €535 | €3,045 | +€2,510 | +469% |
| Suppliers | 440/4 | €535 | €3,045 | +€2,510 | +469% |
| Taxes, remuneration and social security | 45 | €9,954 | €22,918 | +€12,964 | +130% |
| Taxes | 450/3 | €9,954 | €22,918 | +€12,964 | +130% |
| Other operating charges | 640/8 | €9,123 | €2,743 | -€6,380 | -69.9% |
| Gross operating margin | 9900 | €35,540 | €56,478 | +€20,938 | +58.9% |
| Operating profit (loss) | 9901 | €26,417 | €53,735 | +€27,317 | +103% |
| Financial income | 75/76B | €1,478 | €1,757 | +€280 | +18.9% |
| Recurring financial income | 75 | €1,478 | €1,757 | +€280 | +18.9% |
| Financial charges | 65/66B | €2,219 | €3,236 | +€1,017 | +45.8% |
| Recurring financial charges | 65 | €2,219 | €3,236 | +€1,017 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €25,676 | €52,256 | +€26,580 | +104% |
| Income taxes | 67/77 | €6,634 | €12,752 | +€6,118 | +92.2% |
| Profit (loss) for the period | 9904 | €19,042 | €39,504 | +€20,462 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €19,042 | €39,504 | +€20,462 | +107% |
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 22 October 2026 via checked.be.