RVC & Things: 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 & Things
Largest movements
- Intangible fixed assets -€6,286
down €6,286 (-22.1%), from €28,442 to €22,156
- Tangible fixed assets +€2,584
up €2,584 (+244.7%), from €1,056 to €3,641
of which Land and buildings: +€2,970
- Receivables within one year -€1,949
down €1,949 (-9.0%), from €21,550 to €19,601
of which Trade receivables: -€17,984
- Cash -€1,665
down €1,665 (-16.5%), from €10,086 to €8,422
mainly Trade debts (-€11,800) and Debts after one year (-€5,206)
- Trade debts -€11,800
down €11,800 (-37.1%), from €31,778 to €19,978
- Tax, wage and social debts +€5,227
up €5,227 (+61.5%), from €8,504 to €13,732
of which Remuneration and social security: +€3,931
- Debts after one year -€5,206
down €5,206 (-65.2%), from €7,982 to €2,775
- Short-term financial debts +€5,181
new in 2025: €5,181
- Other debts -€1,106
no longer reported in 2025 (was €1,106)
- Gross operating margin -€24,276
down €24,276 (-27.7%), from €87,735 to €63,459
- Staff costs -€4,575
down €4,575 (-8.2%), from €56,054 to €51,479
- Depreciation -€4,291
down €4,291 (-36.8%), from €11,658 to €7,368
- Other operating charges -€3,827
down €3,827 (-61.8%), from €6,191 to €2,364
- Taxes -€1,857
down €1,857 (-64.7%), from €2,871 to €1,014
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 | €65,798 | €58,606 | -€7,192 | -10.9% |
| Fixed assets | 21/28 | €29,498 | €25,797 | -€3,701 | -12.5% |
| Intangible fixed assets | 21 | €28,442 | €22,156 | -€6,286 | -22.1% |
| Tangible fixed assets | 22/27 | €1,056 | €3,641 | +€2,584 | +244.7% |
| Land and buildings | 22 | - | €2,970 | +€2,970 | |
| Furniture and vehicles | 24 | €1,056 | €671 | -€385 | -36.5% |
| Current assets | 29/58 | €36,300 | €32,809 | -€3,491 | -9.6% |
| Stocks and contracts in progress | 3 | €3,939 | €3,976 | +€38 | +1.0% |
| Stocks | 30/36 | €3,939 | €3,976 | +€38 | +1.0% |
| Amounts receivable within one year | 40/41 | €21,550 | €19,601 | -€1,949 | -9.0% |
| Trade receivables | 40 | €20,472 | €2,488 | -€17,984 | -87.8% |
| Other amounts receivable | 41 | €1,078 | €17,113 | +€16,035 | +1487.6% |
| Cash at bank and in hand | 54/58 | €10,086 | €8,422 | -€1,665 | -16.5% |
| Deferred charges and accrued income | 490/1 | €725 | €810 | +€85 | +11.7% |
| Total equity and liabilities | 10/49 | €65,798 | €58,606 | -€7,192 | -10.9% |
| Equity | 10/15 | €11,094 | €10,695 | -€399 | -3.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,594 | €8,195 | -€399 | -4.6% |
| Amounts payable | 17/49 | €54,704 | €47,911 | -€6,793 | -12.4% |
| Amounts payable after more than one year | 17 | €7,982 | €2,775 | -€5,206 | -65.2% |
| Financial debts | 170/4 | €7,982 | €2,775 | -€5,206 | -65.2% |
| Amounts payable within one year | 42/48 | €46,167 | €44,097 | -€2,070 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €4,779 | €5,206 | +€428 | +9.0% |
| Financial debts | 43 | - | €5,181 | +€5,181 | |
| Credit institutions | 430/8 | - | €5,181 | +€5,181 | |
| Trade debts | 44 | €31,778 | €19,978 | -€11,800 | -37.1% |
| Suppliers | 440/4 | €31,778 | €19,978 | -€11,800 | -37.1% |
| Taxes, remuneration and social security | 45 | €8,504 | €13,732 | +€5,227 | +61.5% |
| Taxes | 450/3 | €2,871 | €4,167 | +€1,296 | +45.2% |
| Remuneration and social security | 454/9 | €5,633 | €9,565 | +€3,931 | +69.8% |
| Other amounts payable | 47/48 | €1,106 | - | -€1,106 | |
| Accrued charges and deferred income | 492/3 | €556 | €1,039 | +€483 | +87.0% |
| Remuneration, social security and pensions | 62 | €56,054 | €51,479 | -€4,575 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,658 | €7,368 | -€4,291 | -36.8% |
| Other operating charges | 640/8 | €6,191 | €2,364 | -€3,827 | -61.8% |
| Gross operating margin | 9900 | €87,735 | €63,459 | -€24,276 | -27.7% |
| Operating profit (loss) | 9901 | €13,832 | €2,248 | -€11,584 | -83.7% |
| Financial income | 75/76B | €20 | €3 | -€17 | -86.5% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -86.5% |
| Financial charges | 65/66B | €2,387 | €1,636 | -€750 | -31.4% |
| Recurring financial charges | 65 | €2,387 | €1,636 | -€750 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €11,465 | €614 | -€10,851 | -94.6% |
| Income taxes | 67/77 | €2,871 | €1,014 | -€1,857 | -64.7% |
| Profit (loss) for the period | 9904 | €8,594 | -€399 | -€8,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,594 | -€399 | -€8,994 |
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 3 October 2026 via checked.be.