RV-TEC: 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-TEC
Largest movements
- Tangible fixed assets +€154,805
up €154,805 (+303.8%), from €50,957 to €205,762
of which Land and buildings: +€169,021
- Receivables within one year +€88,688
up €88,688 (+641.8%), from €13,818 to €102,506
of which Other amounts receivable: +€88,688
- Cash -€61,478
down €61,478 (-48.2%), from €127,573 to €66,095
mainly Investment in fixed assets (net) (-€173,042) and Receivables within one year (-€88,688)
- Deferred charges and accrued income -€8,010
down €8,010 (-55.0%), from €14,566 to €6,556
- Debts after one year +€138,081
up €138,081 (+466.2%), from €29,617 to €167,698
- Reserves +€44,056
up €44,056 (+32.8%), from €134,476 to €178,533
- Other debts -€17,306
no longer reported in 2025 (was €17,306)
- Current portion of long-term debt +€15,347
up €15,347 (+180.9%), from €8,482 to €23,829
- Trade debts -€8,530
down €8,530 (-79.1%), from €10,787 to €2,257
- Depreciation +€4,334
up €4,334 (+31.2%), from €13,902 to €18,237
- Taxes -€4,262
down €4,262 (-34.1%), from €12,507 to €8,245
- Financial income +€2,903
up €2,903 (+90720.9%), from €3 to €2,906
- Financial charges +€2,658
up €2,658 (+114.9%), from €2,314 to €4,972
- Gross operating margin -€2,110
down €2,110 (-2.8%), from €75,805 to €73,695
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 | €211,215 | €385,519 | +€174,305 | +82.5% |
| Fixed assets | 21/28 | €50,957 | €205,762 | +€154,805 | +303.8% |
| Tangible fixed assets | 22/27 | €50,957 | €205,762 | +€154,805 | +303.8% |
| Land and buildings | 22 | - | €169,021 | +€169,021 | |
| Plant, machinery and equipment | 23 | €5,371 | €3,411 | -€1,960 | -36.5% |
| Furniture and vehicles | 24 | €7,596 | €5,450 | -€2,145 | -28.2% |
| Leasing and similar rights | 25 | €37,576 | €27,609 | -€9,967 | -26.5% |
| Other tangible fixed assets | 26 | €414 | €270 | -€144 | -34.9% |
| Current assets | 29/58 | €160,257 | €179,757 | +€19,500 | +12.2% |
| Stocks and contracts in progress | 3 | €4,300 | €4,600 | +€300 | +7.0% |
| Stocks | 30/36 | €4,300 | €4,600 | +€300 | +7.0% |
| Amounts receivable within one year | 40/41 | €13,818 | €102,506 | +€88,688 | +641.8% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €4,743 | €93,431 | +€88,688 | +1869.9% |
| Cash at bank and in hand | 54/58 | €127,573 | €66,095 | -€61,478 | -48.2% |
| Deferred charges and accrued income | 490/1 | €14,566 | €6,556 | -€8,010 | -55.0% |
| Total equity and liabilities | 10/49 | €211,215 | €385,519 | +€174,305 | +82.5% |
| Equity | 10/15 | €139,476 | €183,533 | +€44,056 | +31.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €134,476 | €178,533 | +€44,056 | +32.8% |
| Distributable reserves | 133 | €134,476 | €178,533 | +€44,056 | +32.8% |
| Amounts payable | 17/49 | €71,738 | €201,987 | +€130,249 | +181.6% |
| Amounts payable after more than one year | 17 | €29,617 | €167,698 | +€138,081 | +466.2% |
| Financial debts | 170/4 | €29,617 | €167,698 | +€138,081 | +466.2% |
| Amounts payable within one year | 42/48 | €42,121 | €34,289 | -€7,832 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €8,482 | €23,829 | +€15,347 | +180.9% |
| Trade debts | 44 | €10,787 | €2,257 | -€8,530 | -79.1% |
| Suppliers | 440/4 | €10,787 | €2,257 | -€8,530 | -79.1% |
| Taxes, remuneration and social security | 45 | €5,546 | €8,202 | +€2,657 | +47.9% |
| Taxes | 450/3 | €5,546 | €8,202 | +€2,657 | +47.9% |
| Other amounts payable | 47/48 | €17,306 | - | -€17,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,902 | €18,237 | +€4,334 | +31.2% |
| Other operating charges | 640/8 | €1,079 | €1,092 | +€13 | +1.2% |
| Gross operating margin | 9900 | €75,805 | €73,695 | -€2,110 | -2.8% |
| Operating profit (loss) | 9901 | €60,824 | €54,366 | -€6,458 | -10.6% |
| Financial income | 75/76B | €3 | €2,906 | +€2,903 | +90720.9% |
| Recurring financial income | 75 | €3 | €2,906 | +€2,903 | +90720.9% |
| Financial charges | 65/66B | €2,314 | €4,972 | +€2,658 | +114.9% |
| Recurring financial charges | 65 | €2,314 | €4,972 | +€2,658 | +114.9% |
| Profit (loss) for the period before taxes | 9903 | €58,513 | €52,301 | -€6,212 | -10.6% |
| Income taxes | 67/77 | €12,507 | €8,245 | -€4,262 | -34.1% |
| Profit (loss) for the period | 9904 | €46,006 | €44,056 | -€1,950 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,006 | €44,056 | -€1,950 | -4.2% |
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 10 October 2026 via checked.be.