RVL-CONCEPT: 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.
RVL-CONCEPT
Largest movements
- Receivables within one year -€20,894
down €20,894 (-15.6%), from €133,951 to €113,057
of which Trade receivables: -€19,122
- Cash +€12,920
new in 2025: €12,920
mainly Depreciation (+€44,633) and Tax, wage and social debts (+€26,123)
- Deferred charges and accrued income -€9,668
down €9,668 (-29.7%), from €32,567 to €22,899
- Tangible fixed assets +€3,714
up €3,714 (+3.7%), from €99,641 to €103,355
of which Plant, machinery and equipment: +€4,778
- Profit (loss) carried forward -€30,959
down €30,959 (-33.0%), from €93,934 to €62,975
- Tax, wage and social debts +€26,123
up €26,123 (+124.8%), from €20,934 to €47,057
of which Remuneration and social security: +€16,989
- Other debts +€25,092
up €25,092 (+26.7%), from €93,880 to €118,972
- Trade debts -€20,040
down €20,040 (-43.0%), from €46,658 to €26,618
- Debts after one year -€8,488
down €8,488 (-35.3%), from €24,049 to €15,561
- Gross operating margin -€52,468
down €52,468 (-22.1%), from €237,447 to €184,979
- Depreciation +€21,036
up €21,036 (+89.1%), from €23,597 to €44,633
- Taxes -€13,159
no longer reported in 2025 (was €13,159)
- Staff costs +€5,274
up €5,274 (+3.3%), from €160,010 to €165,284
- Financial income -€5,104
no longer reported in 2025 (was €5,104)
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 | €306,159 | €295,231 | -€10,928 | -3.6% |
| Fixed assets | 21/28 | €99,641 | €103,355 | +€3,714 | +3.7% |
| Tangible fixed assets | 22/27 | €99,641 | €103,355 | +€3,714 | +3.7% |
| Plant, machinery and equipment | 23 | €21,376 | €26,154 | +€4,778 | +22.4% |
| Furniture and vehicles | 24 | €78,265 | €77,201 | -€1,064 | -1.4% |
| Current assets | 29/58 | €206,518 | €191,876 | -€14,642 | -7.1% |
| Stocks and contracts in progress | 3 | €40,000 | €43,000 | +€3,000 | +7.5% |
| Stocks | 30/36 | €40,000 | €43,000 | +€3,000 | +7.5% |
| Amounts receivable within one year | 40/41 | €133,951 | €113,057 | -€20,894 | -15.6% |
| Trade receivables | 40 | €131,223 | €112,101 | -€19,122 | -14.6% |
| Other amounts receivable | 41 | €2,728 | €956 | -€1,772 | -65.0% |
| Cash at bank and in hand | 54/58 | - | €12,920 | +€12,920 | |
| Deferred charges and accrued income | 490/1 | €32,567 | €22,899 | -€9,668 | -29.7% |
| Total equity and liabilities | 10/49 | €306,159 | €295,231 | -€10,928 | -3.6% |
| Equity | 10/15 | €109,494 | €78,535 | -€30,959 | -28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,360 | €9,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,934 | €62,975 | -€30,959 | -33.0% |
| Amounts payable | 17/49 | €196,665 | €216,696 | +€20,031 | +10.2% |
| Amounts payable after more than one year | 17 | €24,049 | €15,561 | -€8,488 | -35.3% |
| Financial debts | 170/4 | €24,049 | €15,561 | -€8,488 | -35.3% |
| Amounts payable within one year | 42/48 | €172,616 | €201,135 | +€28,519 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €9,195 | €8,488 | -€707 | -7.7% |
| Financial debts | 43 | €1,949 | - | -€1,949 | |
| Other loans | 439 | €1,949 | - | -€1,949 | |
| Trade debts | 44 | €46,658 | €26,618 | -€20,040 | -43.0% |
| Suppliers | 440/4 | €46,658 | €26,618 | -€20,040 | -43.0% |
| Taxes, remuneration and social security | 45 | €20,934 | €47,057 | +€26,123 | +124.8% |
| Taxes | 450/3 | €13,159 | €22,293 | +€9,134 | +69.4% |
| Remuneration and social security | 454/9 | €7,775 | €24,764 | +€16,989 | +218.5% |
| Other amounts payable | 47/48 | €93,880 | €118,972 | +€25,092 | +26.7% |
| Remuneration, social security and pensions | 62 | €160,010 | €165,284 | +€5,274 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,597 | €44,633 | +€21,036 | +89.1% |
| Other operating charges | 640/8 | €3,528 | €3,264 | -€264 | -7.5% |
| Non-recurring operating charges | 66A | - | €1,816 | +€1,816 | |
| Gross operating margin | 9900 | €237,447 | €184,979 | -€52,468 | -22.1% |
| Operating profit (loss) | 9901 | €50,312 | -€30,018 | -€80,330 | |
| Financial income | 75/76B | €5,104 | - | -€5,104 | |
| Recurring financial income | 75 | €5,104 | - | -€5,104 | |
| Financial charges | 65/66B | - | €941 | +€941 | |
| Recurring financial charges | 65 | - | €941 | +€941 | |
| Profit (loss) for the period before taxes | 9903 | €55,416 | -€30,959 | -€86,375 | |
| Income taxes | 67/77 | €13,159 | - | -€13,159 | |
| Profit (loss) for the period | 9904 | €42,257 | -€30,959 | -€73,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,257 | -€30,959 | -€73,216 |
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 5 October 2026 via checked.be.