RVC: 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.
RVC
Largest movements
- Receivables within one year +€20,198
up €20,198 (+277.9%), from €7,267 to €27,465
of which Trade receivables: +€20,864
- Tangible fixed assets -€9,316
down €9,316 (-21.8%), from €42,803 to €33,487
- Cash +€4,873
up €4,873 (+7.4%), from €65,439 to €70,312
mainly Other debts (+€29,528) and Net result for the year (+€22,449)
- Reserves -€30,947
down €30,947 (-56.7%), from €54,560 to €23,612
of which Distributable reserves: -€30,947
- Other debts +€29,528
up €29,528, from €0 to €29,528
- Tax, wage and social debts +€17,543
up €17,543 (+143.8%), from €12,197 to €29,739
of which Taxes: +€17,467
- Trade debts +€10,709
up €10,709 (+277.4%), from €3,860 to €14,569
- Debts after one year -€10,657
down €10,657 (-44.0%), from €24,205 to €13,548
- Gross operating margin +€19,385
up €19,385 (+27.3%), from €70,907 to €90,291
- Taxes +€3,506
up €3,506 (+84.0%), from €4,173 to €7,678
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,920 | €140,254 | +€16,334 | +13.2% |
| Fixed assets | 21/28 | €43,264 | €33,948 | -€9,316 | -21.5% |
| Tangible fixed assets | 22/27 | €42,803 | €33,487 | -€9,316 | -21.8% |
| Furniture and vehicles | 24 | €42,803 | €33,487 | -€9,316 | -21.8% |
| Financial fixed assets | 28 | €461 | €461 | = | 0.0% |
| Current assets | 29/58 | €80,656 | €106,306 | +€25,650 | +31.8% |
| Amounts receivable within one year | 40/41 | €7,267 | €27,465 | +€20,198 | +277.9% |
| Trade receivables | 40 | €2,262 | €23,126 | +€20,864 | +922.2% |
| Other amounts receivable | 41 | €5,005 | €4,339 | -€666 | -13.3% |
| Cash at bank and in hand | 54/58 | €65,439 | €70,312 | +€4,873 | +7.4% |
| Deferred charges and accrued income | 490/1 | €7,950 | €8,529 | +€579 | +7.3% |
| Total equity and liabilities | 10/49 | €123,920 | €140,254 | +€16,334 | +13.2% |
| Equity | 10/15 | €73,160 | €42,212 | -€30,947 | -42.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,560 | €23,612 | -€30,947 | -56.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €54,560 | €23,612 | -€30,947 | -56.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,760 | €98,042 | +€47,281 | +93.1% |
| Amounts payable after more than one year | 17 | €24,205 | €13,548 | -€10,657 | -44.0% |
| Financial debts | 170/4 | €24,205 | €13,548 | -€10,657 | -44.0% |
| Amounts payable within one year | 42/48 | €26,555 | €84,494 | +€57,938 | +218.2% |
| Current portion of amounts payable after more than one year | 42 | €10,499 | €10,657 | +€159 | +1.5% |
| Trade debts | 44 | €3,860 | €14,569 | +€10,709 | +277.4% |
| Suppliers | 440/4 | €3,860 | €14,569 | +€10,709 | +277.4% |
| Taxes, remuneration and social security | 45 | €12,197 | €29,739 | +€17,543 | +143.8% |
| Taxes | 450/3 | €7,066 | €24,533 | +€17,467 | +247.2% |
| Remuneration and social security | 454/9 | €5,130 | €5,206 | +€75 | +1.5% |
| Other amounts payable | 47/48 | €0 | €29,528 | +€29,528 | |
| Remuneration, social security and pensions | 62 | €43,375 | €43,793 | +€418 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,219 | €15,184 | -€35 | -0.2% |
| Other operating charges | 640/8 | €639 | €658 | +€19 | +3.0% |
| Gross operating margin | 9900 | €70,907 | €90,291 | +€19,385 | +27.3% |
| Operating profit (loss) | 9901 | €11,674 | €30,657 | +€18,983 | +162.6% |
| Financial income | 75/76B | €51 | €55 | +€4 | +7.8% |
| Recurring financial income | 75 | €51 | €55 | +€4 | +7.8% |
| Financial charges | 65/66B | €751 | €585 | -€167 | -22.2% |
| Recurring financial charges | 65 | €751 | €585 | -€167 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €10,974 | €30,127 | +€19,153 | +174.5% |
| Income taxes | 67/77 | €4,173 | €7,678 | +€3,506 | +84.0% |
| Profit (loss) for the period | 9904 | €6,801 | €22,449 | +€15,648 | +230.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,801 | €22,449 | +€15,648 | +230.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.