RVEGE: 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.
RVEGE
Largest movements
- Receivables within one year -€10,629
down €10,629 (-76.1%), from €13,968 to €3,340
of which Trade receivables: -€12,584
- Cash +€3,868
up €3,868 (+2.5%), from €153,678 to €157,547
mainly Net result for the year (+€28,201) and Receivables within one year (+€10,629)
- Other debts -€32,997
down €32,997 (-32.6%), from €101,081 to €68,084
- Reserves +€28,201
up €28,201 (+45.2%), from €62,342 to €90,543
- Tax, wage and social debts -€1,964
down €1,964 (-72.2%), from €2,721 to €757
- Gross operating margin -€73,519
down €73,519 (-57.9%), from €126,934 to €53,415
- Financial charges -€61,389
down €61,389 (-95.5%), from €64,264 to €2,875
- Taxes -€2,624
down €2,624 (-13.7%), from €19,116 to €16,492
- Staff costs -€1,712
down €1,712 (-51.6%), from €3,321 to €1,609
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 | €173,969 | €167,771 | -€6,198 | -3.6% |
| Fixed assets | 21/28 | €3,904 | €4,301 | +€397 | +10.2% |
| Tangible fixed assets | 22/27 | €3,904 | €4,301 | +€397 | +10.2% |
| Plant, machinery and equipment | 23 | €1,006 | €655 | -€351 | -34.9% |
| Other tangible fixed assets | 26 | €2,898 | €3,645 | +€747 | +25.8% |
| Current assets | 29/58 | €170,065 | €163,471 | -€6,595 | -3.9% |
| Amounts receivable within one year | 40/41 | €13,968 | €3,340 | -€10,629 | -76.1% |
| Trade receivables | 40 | €12,584 | €0 | -€12,584 | -100.0% |
| Other amounts receivable | 41 | €1,384 | €3,340 | +€1,955 | +141.3% |
| Cash at bank and in hand | 54/58 | €153,678 | €157,547 | +€3,868 | +2.5% |
| Deferred charges and accrued income | 490/1 | €2,419 | €2,584 | +€166 | +6.8% |
| Total equity and liabilities | 10/49 | €173,969 | €167,771 | -€6,198 | -3.6% |
| Equity | 10/15 | €68,542 | €96,743 | +€28,201 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,342 | €90,543 | +€28,201 | +45.2% |
| Distributable reserves | 133 | €62,342 | €90,543 | +€28,201 | +45.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,427 | €71,028 | -€34,399 | -32.6% |
| Amounts payable within one year | 42/48 | €105,427 | €71,028 | -€34,399 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,625 | €2,187 | +€562 | +34.6% |
| Suppliers | 440/4 | €1,625 | €2,187 | +€562 | +34.6% |
| Taxes, remuneration and social security | 45 | €2,721 | €757 | -€1,964 | -72.2% |
| Taxes | 450/3 | €2,721 | €757 | -€1,964 | -72.2% |
| Other amounts payable | 47/48 | €101,081 | €68,084 | -€32,997 | -32.6% |
| Remuneration, social security and pensions | 62 | €3,321 | €1,609 | -€1,712 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €1,669 | +€569 | +51.8% |
| Other operating charges | 640/8 | €1,814 | €2,569 | +€755 | +41.6% |
| Gross operating margin | 9900 | €126,934 | €53,415 | -€73,519 | -57.9% |
| Operating profit (loss) | 9901 | €120,699 | €47,568 | -€73,131 | -60.6% |
| Financial charges | 65/66B | €64,264 | €2,875 | -€61,389 | -95.5% |
| Recurring financial charges | 65 | €64,264 | €2,875 | -€61,389 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €56,435 | €44,693 | -€11,741 | -20.8% |
| Income taxes | 67/77 | €19,116 | €16,492 | -€2,624 | -13.7% |
| Profit (loss) for the period | 9904 | €37,319 | €28,201 | -€9,118 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,319 | €28,201 | -€9,118 | -24.4% |
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 7 October 2026 via checked.be.