RVC HOLDING: 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.
What changed
RVC HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€360,629
2024 · €371,446-€10,818
Equity
€5.0m
2024 · €4.6m+€360,629
Cash
€970
2024 · €18,093-€17,123
Balance sheet total
€25.2m
2024 · €22.5m+€2.8m
Largest movements
Assets
- Receivables within one year +€2.8m
up €2.8m (+22.9%), from €12.2m to €15.0m
of which Other amounts receivable: +€2.8m
Equity and liabilities
- Short-term financial debts +€3.5m
up €3.5m (+986%), from €352,408 to €3.8m
- Other debts -€466,722
down €466,722 (-10.1%), from €4.6m to €4.2m
- Trade debts -€370,141
down €370,141 (-80.4%), from €460,336 to €90,195
- Reserves +€360,629
up €360,629 (+7.9%), from €4.6m to €4.9m
of which Distributable reserves: +€360,629
- Debts after one year -€327,997
down €327,997 (-2.7%), from €11.9m to €11.6m
Income statement
- Turnover -€218,248
down €218,248 (-16.4%), from €1.3m to €1.1m
- Services and other goods -€135,749
down €135,749 (-20.0%), from €679,811 to €544,063
- Financial income +€39,014
up €39,014 (+17.2%), from €227,149 to €266,164
- Taxes -€16,247
down €16,247 (-11.6%), from €139,715 to €123,468
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.
Result 2024
€371,446
Turnover
-€218,248
Other operating income
+€617
Services and other goods
+€135,749
Staff costs
-€4,462
Depreciation
+€3,654
Other operating charges
+€368
Other operating items
+€11,771
Financial income
+€39,014
Financial charges
+€4,471
Taxes
+€16,247
Result 2025
€360,629
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.1m
Investment
-€28,246
Financing
+€3.2m
Cash 2024
€18,093
From operations (derived)
-€3.1m
Net result for the year
+€360,629
Depreciation
+€51,987
Receivables within one year
-€2.8m
Deferred charges and accrued income
-€1,905
Trade debts
-€370,141
Tax, wage and social debts
+€78,352
Other debts
-€466,722
Investment (derived)
-€28,246
Investment in fixed assets (net)
-€28,246
Financing
+€3.2m
Debts after one year
-€327,997
Current portion of long-term debt
+€5,952
Short-term financial debts
+€3.5m
Cash 2025
€970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,483,302 | €25,238,103 | +€2.8m | +12.3% |
| Fixed assets | 21/28 | €10,234,315 | €10,210,575 | -€23,741 | -0.2% |
| Intangible fixed assets | 21 | €16,657 | €10,621 | -€6,037 | -36.2% |
| Tangible fixed assets | 22/27 | €124,658 | €106,954 | -€17,704 | -14.2% |
| Plant, machinery and equipment | 23 | €3,087 | €1,920 | -€1,167 | -37.8% |
| Furniture and vehicles | 24 | €121,571 | €105,034 | -€16,537 | -13.6% |
| Financial fixed assets | 28 | €10,093,000 | €10,093,000 | = | 0.0% |
| Affiliated companies | 280/1 | €10,093,000 | €10,093,000 | = | 0.0% |
| Participating interests | 280 | €10,093,000 | €10,093,000 | = | 0.0% |
| Current assets | 29/58 | €12,248,987 | €15,027,528 | +€2.8m | +22.7% |
| Amounts receivable within one year | 40/41 | €12,212,477 | €15,006,236 | +€2.8m | +22.9% |
| Trade receivables | 40 | €55,382 | €76,877 | +€21,494 | +38.8% |
| Other amounts receivable | 41 | €12,157,094 | €14,929,359 | +€2.8m | +22.8% |
| Cash at bank and in hand | 54/58 | €18,093 | €970 | -€17,123 | -94.6% |
| Deferred charges and accrued income | 490/1 | €18,417 | €20,323 | +€1,905 | +10.3% |
| Total equity and liabilities | 10/49 | €22,483,302 | €25,238,103 | +€2.8m | +12.3% |
| Equity | 10/15 | €4,595,831 | €4,956,460 | +€360,629 | +7.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €4,576,831 | €4,937,460 | +€360,629 | +7.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Other | 1319 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €4,574,931 | €4,935,560 | +€360,629 | +7.9% |
| Amounts payable | 17/49 | €17,887,471 | €20,281,643 | +€2.4m | +13.4% |
| Amounts payable after more than one year | 17 | €11,942,484 | €11,614,487 | -€327,997 | -2.7% |
| Financial debts | 170/4 | €11,942,484 | €11,614,487 | -€327,997 | -2.7% |
| Other loans | 174 | €11,942,484 | €11,614,487 | -€327,997 | -2.7% |
| Amounts payable within one year | 42/48 | €5,944,987 | €8,667,155 | +€2.7m | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €297,614 | €303,565 | +€5,952 | +2.0% |
| Financial debts | 43 | €352,408 | €3,827,136 | +€3.5m | +986% |
| Credit institutions | 430/8 | €352,408 | €3,827,136 | +€3.5m | +986% |
| Trade debts | 44 | €460,336 | €90,195 | -€370,141 | -80.4% |
| Suppliers | 440/4 | €460,336 | €90,195 | -€370,141 | -80.4% |
| Taxes, remuneration and social security | 45 | €193,002 | €271,353 | +€78,352 | +40.6% |
| Taxes | 450/3 | €158,521 | €234,052 | +€75,531 | +47.6% |
| Remuneration and social security | 454/9 | €34,481 | €37,302 | +€2,821 | +8.2% |
| Other amounts payable | 47/48 | €4,641,628 | €4,174,906 | -€466,722 | -10.1% |
| Operating income | 70/76A | €1,328,781 | €1,111,150 | -€217,631 | -16.4% |
| Turnover | 70 | €1,327,182 | €1,108,934 | -€218,248 | -16.4% |
| Other operating income | 74 | €1,600 | €2,217 | +€617 | +38.6% |
| Operating charges | 60/66A | €913,481 | €766,400 | -€147,081 | -16.1% |
| Services and other goods | 61 | €679,811 | €544,063 | -€135,749 | -20.0% |
| Remuneration, social security and pensions | 62 | €142,360 | €146,821 | +€4,462 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,642 | €51,987 | -€3,654 | -6.6% |
| Other operating charges | 640/8 | €2,410 | €2,042 | -€368 | -15.3% |
| Non-recurring operating charges | 66A | €33,259 | €21,488 | -€11,771 | -35.4% |
| Operating profit (loss) | 9901 | €415,300 | €344,750 | -€70,550 | -17.0% |
| Financial income | 75/76B | €227,149 | €266,164 | +€39,014 | +17.2% |
| Recurring financial income | 75 | €227,149 | €266,164 | +€39,014 | +17.2% |
| Income from current assets | 751 | €227,149 | €263,564 | +€36,415 | +16.0% |
| Other financial income | 752/9 | - | €2,599 | +€2,599 | |
| Financial charges | 65/66B | €131,288 | €126,817 | -€4,471 | -3.4% |
| Recurring financial charges | 65 | €131,288 | €126,817 | -€4,471 | -3.4% |
| Debt charges | 650 | €115,056 | €114,366 | -€690 | -0.6% |
| Other financial charges | 652/9 | €16,232 | €12,451 | -€3,781 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €511,161 | €484,097 | -€27,065 | -5.3% |
| Income taxes | 67/77 | €139,715 | €123,468 | -€16,247 | -11.6% |
| Taxes | 670/3 | €139,715 | €123,468 | -€16,247 | -11.6% |
| Profit (loss) for the period | 9904 | €371,446 | €360,629 | -€10,818 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €371,446 | €360,629 | -€10,818 | -2.9% |
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 31 October 2026 via checked.be.