RVC CONSULTANCY: 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 CONSULTANCY
Largest movements
- Tangible fixed assets +€389,576
up €389,576 (+1601.3%), from €24,329 to €413,906
of which Land and buildings: +€382,882
- Receivables within one year -€34,829
down €34,829 (-49.9%), from €69,756 to €34,927
of which Trade receivables: -€27,930
- Cash -€30,772
down €30,772 (-85.2%), from €36,111 to €5,339
mainly Investment in fixed assets (net) (-€397,421) and Contributions, distributions and other (-€23,408)
- Debts after one year +€242,685
new in 2025: €242,685
- Other debts +€66,861
new in 2025: €66,861
- Current portion of long-term debt +€13,906
new in 2025: €13,906
- Reserves -€12,715
down €12,715 (-11.1%), from €114,676 to €101,961
- Tax, wage and social debts +€6,619
up €6,619 (+874.7%), from €757 to €7,375
- Gross operating margin +€18,737
up €18,737 (+123.4%), from €15,186 to €33,923
- Financial income -€9,761
down €9,761 (-97.5%), from €10,012 to €251
- Financial charges +€6,157
up €6,157 (+188.1%), from €3,273 to €9,430
- Depreciation +€4,307
up €4,307 (+121.7%), from €3,538 to €7,844
- Write-downs -€4,236
no longer reported in 2025 (was €4,236)
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.
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 | €138,287 | €461,096 | +€322,808 | +233.4% |
| Fixed assets | 21/28 | €24,329 | €413,906 | +€389,576 | +1601.3% |
| Tangible fixed assets | 22/27 | €24,329 | €413,906 | +€389,576 | +1601.3% |
| Land and buildings | 22 | - | €382,882 | +€382,882 | |
| Plant, machinery and equipment | 23 | €3,458 | €3,438 | -€20 | -0.6% |
| Furniture and vehicles | 24 | €3,508 | €4,122 | +€614 | +17.5% |
| Other tangible fixed assets | 26 | €17,364 | €23,464 | +€6,100 | +35.1% |
| Current assets | 29/58 | €113,958 | €47,190 | -€66,768 | -58.6% |
| Amounts receivable within one year | 40/41 | €69,756 | €34,927 | -€34,829 | -49.9% |
| Trade receivables | 40 | €48,258 | €20,328 | -€27,930 | -57.9% |
| Other amounts receivable | 41 | €21,498 | €14,599 | -€6,900 | -32.1% |
| Current investments | 50/53 | €6,140 | €5,346 | -€795 | -12.9% |
| Cash at bank and in hand | 54/58 | €36,111 | €5,339 | -€30,772 | -85.2% |
| Deferred charges and accrued income | 490/1 | €1,951 | €1,579 | -€372 | -19.1% |
| Total equity and liabilities | 10/49 | €138,287 | €461,096 | +€322,808 | +233.4% |
| Equity | 10/15 | €133,276 | €120,561 | -€12,715 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,676 | €101,961 | -€12,715 | -11.1% |
| Distributable reserves | 133 | €114,676 | €101,961 | -€12,715 | -11.1% |
| Amounts payable | 17/49 | €5,011 | €340,535 | +€335,524 | +6695.8% |
| Amounts payable after more than one year | 17 | - | €242,685 | +€242,685 | |
| Financial debts | 170/4 | - | €242,685 | +€242,685 | |
| Amounts payable within one year | 42/48 | €5,011 | €96,550 | +€91,539 | +1826.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,906 | +€13,906 | |
| Trade debts | 44 | €4,254 | €8,407 | +€4,153 | +97.6% |
| Suppliers | 440/4 | €4,254 | €8,407 | +€4,153 | +97.6% |
| Taxes, remuneration and social security | 45 | €757 | €7,375 | +€6,619 | +874.7% |
| Taxes | 450/3 | €757 | €7,375 | +€6,619 | +874.7% |
| Other amounts payable | 47/48 | - | €66,861 | +€66,861 | |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Non-recurring operating income | 76A | €868 | €2,728 | +€1,860 | +214.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,538 | €7,844 | +€4,307 | +121.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,236 | - | -€4,236 | |
| Other operating charges | 640/8 | €636 | €784 | +€148 | +23.3% |
| Gross operating margin | 9900 | €15,186 | €33,923 | +€18,737 | +123.4% |
| Operating profit (loss) | 9901 | €6,776 | €25,295 | +€18,518 | +273.3% |
| Financial income | 75/76B | €10,012 | €251 | -€9,761 | -97.5% |
| Recurring financial income | 75 | €10,012 | €251 | -€9,761 | -97.5% |
| Financial charges | 65/66B | €3,273 | €9,430 | +€6,157 | +188.1% |
| Recurring financial charges | 65 | €3,273 | €9,430 | +€6,157 | +188.1% |
| Profit (loss) for the period before taxes | 9903 | €13,515 | €16,115 | +€2,600 | +19.2% |
| Income taxes | 67/77 | €3,253 | €5,422 | +€2,169 | +66.7% |
| Profit (loss) for the period | 9904 | €10,262 | €10,693 | +€431 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,262 | €10,693 | +€431 | +4.2% |
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.