RVSA 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.
RVSA Management
Largest movements
- Deferred charges and accrued income -€15,575
down €15,575 (-92.7%), from €16,806 to €1,232
- Receivables within one year -€6,028
down €6,028 (-11.1%), from €54,183 to €48,155
of which Trade receivables: -€9,095
- Tangible fixed assets +€2,872
up €2,872 (+314%), from €914 to €3,786
- Cash -€926
down €926 (-32.0%), from €2,895 to €1,969
mainly Tax, wage and social debts (-€29,628) and Other debts (-€8,000)
- Tax, wage and social debts -€29,628
down €29,628 (-86.9%), from €34,111 to €4,482
- Trade debts +€8,999
up €8,999 (+183%), from €4,926 to €13,926
- Profit (loss) carried forward +€8,244
up €8,244 (+21.8%), from -€37,807 to -€29,562
- Other debts -€8,000
down €8,000 (-20.7%), from €38,624 to €30,624
- Gross operating margin -€2,096
down €2,096 (-13.4%), from €15,621 to €13,526
- Financial charges -€1,984
down €1,984 (-42.7%), from €4,642 to €2,658
- Other operating charges -€1,360
down €1,360 (-63.1%), from €2,154 to €794
- Depreciation +€1,345
up €1,345 (+1,392%), from €97 to €1,442
- Taxes -€1,284
down €1,284 (-27.6%), from €4,658 to €3,373
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 | €74,798 | €55,142 | -€19,657 | -26.3% |
| Fixed assets | 21/28 | €914 | €3,786 | +€2,872 | +314% |
| Tangible fixed assets | 22/27 | €914 | €3,786 | +€2,872 | +314% |
| Furniture and vehicles | 24 | €914 | €3,786 | +€2,872 | +314% |
| Current assets | 29/58 | €73,884 | €51,355 | -€22,529 | -30.5% |
| Amounts receivable within one year | 40/41 | €54,183 | €48,155 | -€6,028 | -11.1% |
| Trade receivables | 40 | €12,770 | €3,675 | -€9,095 | -71.2% |
| Other amounts receivable | 41 | €41,413 | €44,480 | +€3,067 | +7.4% |
| Cash at bank and in hand | 54/58 | €2,895 | €1,969 | -€926 | -32.0% |
| Deferred charges and accrued income | 490/1 | €16,806 | €1,232 | -€15,575 | -92.7% |
| Total equity and liabilities | 10/49 | €74,798 | €55,142 | -€19,657 | -26.3% |
| Equity | 10/15 | -€30,654 | -€22,410 | +€8,244 | +26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €952 | €952 | = | 0.0% |
| Distributable reserves | 133 | €952 | €952 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,807 | -€29,562 | +€8,244 | +21.8% |
| Amounts payable | 17/49 | €105,453 | €77,552 | -€27,901 | -26.5% |
| Amounts payable within one year | 42/48 | €102,661 | €74,032 | -€28,629 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €4,926 | €13,926 | +€8,999 | +183% |
| Suppliers | 440/4 | €4,926 | €13,926 | +€8,999 | +183% |
| Taxes, remuneration and social security | 45 | €34,111 | €4,482 | -€29,628 | -86.9% |
| Taxes | 450/3 | €34,111 | €4,482 | -€29,628 | -86.9% |
| Other amounts payable | 47/48 | €38,624 | €30,624 | -€8,000 | -20.7% |
| Accrued charges and deferred income | 492/3 | €2,792 | €3,520 | +€728 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97 | €1,442 | +€1,345 | +1,392% |
| Other operating charges | 640/8 | €2,154 | €794 | -€1,360 | -63.1% |
| Gross operating margin | 9900 | €15,621 | €13,526 | -€2,096 | -13.4% |
| Operating profit (loss) | 9901 | €13,371 | €11,290 | -€2,081 | -15.6% |
| Financial income | 75/76B | €1,732 | €2,986 | +€1,254 | +72.4% |
| Recurring financial income | 75 | €1,732 | €2,986 | +€1,254 | +72.4% |
| Financial charges | 65/66B | €4,642 | €2,658 | -€1,984 | -42.7% |
| Recurring financial charges | 65 | €4,642 | €2,658 | -€1,984 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €10,461 | €11,618 | +€1,157 | +11.1% |
| Income taxes | 67/77 | €4,658 | €3,373 | -€1,284 | -27.6% |
| Profit (loss) for the period | 9904 | €5,803 | €8,244 | +€2,441 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,803 | €8,244 | +€2,441 | +42.1% |
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 29 October 2026 via checked.be.