RVG Management: 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.
RVG Management
Largest movements
- Cash -€53,985
down €53,985 (-48.2%), from €111,996 to €58,011
mainly Other debts (-€81,109) and Receivables within one year (-€9,245)
- Tangible fixed assets -€14,361
down €14,361 (-96.6%), from €14,871 to €509
- Receivables within one year +€9,245
up €9,245 (+68.3%), from €13,538 to €22,783
of which Trade receivables: +€6,930
- Other debts -€81,109
down €81,109 (-68.1%), from €119,056 to €37,947
- Reserves +€26,371
up €26,371 (+205%), from €12,835 to €39,205
- Tax, wage and social debts -€4,827
down €4,827 (-100%), from €4,827 to €0
- Taxes +€917
up €917 (+14.0%), from €6,548 to €7,464
- Financial income -€886
down €886 (-87.0%), from €1,019 to €133
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 | €140,405 | €81,303 | -€59,101 | -42.1% |
| Fixed assets | 21/28 | €14,871 | €509 | -€14,361 | -96.6% |
| Tangible fixed assets | 22/27 | €14,871 | €509 | -€14,361 | -96.6% |
| Furniture and vehicles | 24 | €14,871 | €509 | -€14,361 | -96.6% |
| Current assets | 29/58 | €125,534 | €80,794 | -€44,740 | -35.6% |
| Amounts receivable within one year | 40/41 | €13,538 | €22,783 | +€9,245 | +68.3% |
| Trade receivables | 40 | €11,654 | €18,584 | +€6,930 | +59.5% |
| Other amounts receivable | 41 | €1,884 | €4,200 | +€2,315 | +123% |
| Cash at bank and in hand | 54/58 | €111,996 | €58,011 | -€53,985 | -48.2% |
| Total equity and liabilities | 10/49 | €140,405 | €81,303 | -€59,101 | -42.1% |
| Equity | 10/15 | €15,335 | €41,705 | +€26,371 | +172% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,835 | €39,205 | +€26,371 | +205% |
| Distributable reserves | 133 | €12,835 | €39,205 | +€26,371 | +205% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €125,070 | €39,598 | -€85,472 | -68.3% |
| Amounts payable within one year | 42/48 | €125,070 | €39,598 | -€85,472 | -68.3% |
| Trade debts | 44 | €1,187 | €1,651 | +€465 | +39.1% |
| Suppliers | 440/4 | €1,187 | €1,651 | +€465 | +39.1% |
| Taxes, remuneration and social security | 45 | €4,827 | €0 | -€4,827 | -100% |
| Taxes | 450/3 | €4,827 | €0 | -€4,827 | -100% |
| Other amounts payable | 47/48 | €119,056 | €37,947 | -€81,109 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,298 | €14,361 | +€64 | +0.4% |
| Other operating charges | 640/8 | €929 | €1,005 | +€76 | +8.2% |
| Gross operating margin | 9900 | €49,644 | €49,163 | -€481 | -1.0% |
| Operating profit (loss) | 9901 | €34,418 | €33,797 | -€620 | -1.8% |
| Financial income | 75/76B | €1,019 | €133 | -€886 | -87.0% |
| Recurring financial income | 75 | €1,019 | €133 | -€886 | -87.0% |
| Financial charges | 65/66B | €115 | €96 | -€19 | -16.8% |
| Recurring financial charges | 65 | €115 | €96 | -€19 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €35,322 | €33,835 | -€1,487 | -4.2% |
| Income taxes | 67/77 | €6,548 | €7,464 | +€917 | +14.0% |
| Profit (loss) for the period | 9904 | €28,774 | €26,371 | -€2,403 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,774 | €26,371 | -€2,403 | -8.4% |
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 21 October 2026 via checked.be.