RVEKO: 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.
RVEKO
Largest movements
- Cash -€39,326
down €39,326 (-41.1%), from €95,700 to €56,374
mainly Contributions, distributions and other (-€68,274) and Debts after one year (-€23,068)
- Tangible fixed assets -€23,239
down €23,239 (-12.2%), from €190,585 to €167,347
of which Leasing and similar rights: -€19,578
- Receivables within one year -€11,037
down €11,037 (-28.5%), from €38,671 to €27,634
of which Trade receivables: -€15,369
- Deferred charges and accrued income +€6,145
up €6,145 (+197%), from €3,127 to €9,272
- Reserves -€46,024
down €46,024 (-25.9%), from €177,564 to €131,540
- Debts after one year -€23,068
down €23,068 (-29.0%), from €79,483 to €56,415
- Gross operating margin -€21,259
down €21,259 (-23.1%), from €91,985 to €70,726
- Taxes -€5,498
down €5,498 (-33.2%), from €16,561 to €11,063
- Financial charges -€1,002
down €1,002 (-18.4%), from €5,430 to €4,428
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,332 | €266,876 | -€67,456 | -20.2% |
| Fixed assets | 21/28 | €190,585 | €167,347 | -€23,239 | -12.2% |
| Tangible fixed assets | 22/27 | €190,585 | €167,347 | -€23,239 | -12.2% |
| Land and buildings | 22 | €112,943 | €110,967 | -€1,976 | -1.7% |
| Plant, machinery and equipment | 23 | €521 | €246 | -€275 | -52.8% |
| Furniture and vehicles | 24 | €2,416 | €1,006 | -€1,409 | -58.3% |
| Leasing and similar rights | 25 | €74,706 | €55,127 | -€19,578 | -26.2% |
| Current assets | 29/58 | €143,747 | €99,530 | -€44,217 | -30.8% |
| Amounts receivable after more than one year | 29 | €6,250 | €6,250 | = | 0.0% |
| Other amounts receivable | 291 | €6,250 | €6,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,671 | €27,634 | -€11,037 | -28.5% |
| Trade receivables | 40 | €35,232 | €19,862 | -€15,369 | -43.6% |
| Other amounts receivable | 41 | €3,439 | €7,772 | +€4,333 | +126% |
| Cash at bank and in hand | 54/58 | €95,700 | €56,374 | -€39,326 | -41.1% |
| Deferred charges and accrued income | 490/1 | €3,127 | €9,272 | +€6,145 | +197% |
| Total equity and liabilities | 10/49 | €334,332 | €266,876 | -€67,456 | -20.2% |
| Equity | 10/15 | €184,508 | €138,484 | -€46,024 | -24.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,564 | €131,540 | -€46,024 | -25.9% |
| Distributable reserves | 133 | €177,564 | €131,540 | -€46,024 | -25.9% |
| Profit (loss) carried forward | 14 | €744 | €744 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €28,825 | €28,825 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,825 | €28,825 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,825 | €28,825 | = | 0.0% |
| Amounts payable | 17/49 | €120,999 | €99,567 | -€21,432 | -17.7% |
| Amounts payable after more than one year | 17 | €79,483 | €56,415 | -€23,068 | -29.0% |
| Financial debts | 170/4 | €79,483 | €56,415 | -€23,068 | -29.0% |
| Amounts payable within one year | 42/48 | €41,517 | €43,152 | +€1,636 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €28,812 | €28,772 | -€40 | -0.1% |
| Trade debts | 44 | €3,644 | €5,319 | +€1,676 | +46.0% |
| Suppliers | 440/4 | €3,644 | €5,319 | +€1,676 | +46.0% |
| Taxes, remuneration and social security | 45 | €8,680 | €9,061 | +€381 | +4.4% |
| Taxes | 450/3 | €8,680 | €9,061 | +€381 | +4.4% |
| Other amounts payable | 47/48 | €381 | €0 | -€381 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,486 | €28,793 | +€307 | +1.1% |
| Other operating charges | 640/8 | €4,488 | €4,352 | -€136 | -3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,985 | €70,726 | -€21,259 | -23.1% |
| Operating profit (loss) | 9901 | €59,011 | €37,581 | -€21,430 | -36.3% |
| Financial income | 75/76B | €0 | €161 | +€161 | |
| Recurring financial income | 75 | €0 | €161 | +€161 | |
| Financial charges | 65/66B | €5,430 | €4,428 | -€1,002 | -18.4% |
| Recurring financial charges | 65 | €5,430 | €4,428 | -€1,002 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €53,581 | €33,313 | -€20,268 | -37.8% |
| Income taxes | 67/77 | €16,561 | €11,063 | -€5,498 | -33.2% |
| Profit (loss) for the period | 9904 | €37,020 | €22,250 | -€14,770 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,020 | €22,250 | -€14,770 | -39.9% |
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 19 October 2026 via checked.be.