RVANCO: 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.
RVANCO
Largest movements
- Cash -€13,201
down €13,201 (-15.0%), from €88,021 to €74,820
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€2,783)
- Receivables within one year +€2,783
up €2,783 (+44.2%), from €6,292 to €9,075
- Reserves -€13,918
down €13,918 (-19.2%), from €72,541 to €58,623
- Tax, wage and social debts +€2,852
up €2,852 (+32.7%), from €8,713 to €11,564
- Taxes +€340
up €340 (+8.3%), from €4,093 to €4,432
- Depreciation -€252
down €252 (-72.5%), from €347 to €95
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 | €94,409 | €83,895 | -€10,513 | -11.1% |
| Fixed assets | 21/28 | €95 | €0 | -€95 | -100.0% |
| Tangible fixed assets | 22/27 | €95 | €0 | -€95 | -100.0% |
| Furniture and vehicles | 24 | €95 | €0 | -€95 | -100.0% |
| Current assets | 29/58 | €94,313 | €83,895 | -€10,418 | -11.0% |
| Amounts receivable within one year | 40/41 | €6,292 | €9,075 | +€2,783 | +44.2% |
| Trade receivables | 40 | €6,292 | €9,075 | +€2,783 | +44.2% |
| Cash at bank and in hand | 54/58 | €88,021 | €74,820 | -€13,201 | -15.0% |
| Total equity and liabilities | 10/49 | €94,409 | €83,895 | -€10,513 | -11.1% |
| Equity | 10/15 | €77,541 | €63,623 | -€13,918 | -17.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,541 | €58,623 | -€13,918 | -19.2% |
| Distributable reserves | 133 | €72,541 | €58,623 | -€13,918 | -19.2% |
| Amounts payable | 17/49 | €16,868 | €20,273 | +€3,405 | +20.2% |
| Amounts payable within one year | 42/48 | €16,868 | €20,273 | +€3,405 | +20.2% |
| Trade debts | 44 | €800 | €436 | -€364 | -45.5% |
| Suppliers | 440/4 | €800 | €436 | -€364 | -45.5% |
| Taxes, remuneration and social security | 45 | €8,713 | €11,564 | +€2,852 | +32.7% |
| Taxes | 450/3 | €8,713 | €11,564 | +€2,852 | +32.7% |
| Other amounts payable | 47/48 | €7,355 | €8,272 | +€918 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €95 | -€252 | -72.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €21,113 | €21,142 | +€29 | +0.1% |
| Operating profit (loss) | 9901 | €20,317 | €20,585 | +€268 | +1.3% |
| Financial charges | 65/66B | €80 | €70 | -€9 | -11.4% |
| Recurring financial charges | 65 | €80 | €70 | -€9 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €20,237 | €20,515 | +€277 | +1.4% |
| Income taxes | 67/77 | €4,093 | €4,432 | +€340 | +8.3% |
| Profit (loss) for the period | 9904 | €16,144 | €16,082 | -€62 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,144 | €16,082 | -€62 | -0.4% |
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 8 October 2026 via checked.be.