RVVtech: 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.
RVVtech
Largest movements
- Receivables within one year +€21,935
new in 2025: €21,935
of which Trade receivables: +€21,191
- Tangible fixed assets +€10,990
up €10,990 (+715%), from €1,537 to €12,526
of which Other tangible fixed assets: +€6,247
- Cash +€5,404
up €5,404 (+10.5%), from €51,507 to €56,911
mainly Net result for the year (+€33,407) and Debts after one year (+€3,685)
- Reserves +€29,565
up €29,565 (+65.7%), from €44,971 to €74,536
- Profit (loss) carried forward +€3,842
up €3,842, from -€3,842 to €0
- Debts after one year +€3,685
new in 2025: €3,685
- Other debts +€2,252
new in 2025: €2,252
- Current portion of long-term debt +€1,424
new in 2025: €1,424
- Gross operating margin -€10,667
down €10,667 (-18.5%), from €57,792 to €47,125
- Depreciation +€1,617
up €1,617 (+239%), from €676 to €2,293
- Taxes -€883
down €883 (-7.9%), from €11,148 to €10,265
- Other operating charges +€635
up €635 (+429%), from €148 to €783
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 | €53,044 | €91,864 | +€38,820 | +73.2% |
| Fixed assets | 21/28 | €1,537 | €12,526 | +€10,990 | +715% |
| Tangible fixed assets | 22/27 | €1,537 | €12,526 | +€10,990 | +715% |
| Plant, machinery and equipment | 23 | €1,537 | €800 | -€736 | -47.9% |
| Furniture and vehicles | 24 | - | €5,479 | +€5,479 | |
| Other tangible fixed assets | 26 | - | €6,247 | +€6,247 | |
| Current assets | 29/58 | €51,507 | €79,337 | +€27,830 | +54.0% |
| Amounts receivable within one year | 40/41 | - | €21,935 | +€21,935 | |
| Trade receivables | 40 | - | €21,191 | +€21,191 | |
| Other amounts receivable | 41 | - | €744 | +€744 | |
| Cash at bank and in hand | 54/58 | €51,507 | €56,911 | +€5,404 | +10.5% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €53,044 | €91,864 | +€38,820 | +73.2% |
| Equity | 10/15 | €46,129 | €79,536 | +€33,407 | +72.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,971 | €74,536 | +€29,565 | +65.7% |
| Distributable reserves | 133 | €44,971 | €74,536 | +€29,565 | +65.7% |
| Profit (loss) carried forward | 14 | -€3,842 | €0 | +€3,842 | |
| Amounts payable | 17/49 | €6,914 | €12,328 | +€5,414 | +78.3% |
| Amounts payable after more than one year | 17 | - | €3,685 | +€3,685 | |
| Financial debts | 170/4 | - | €3,685 | +€3,685 | |
| Amounts payable within one year | 42/48 | €6,914 | €8,643 | +€1,729 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,424 | +€1,424 | |
| Trade debts | 44 | €1,563 | €204 | -€1,359 | -87.0% |
| Suppliers | 440/4 | €644 | €204 | -€441 | -68.4% |
| Bills of exchange payable | 441 | €918 | - | -€918 | |
| Taxes, remuneration and social security | 45 | €5,351 | €4,763 | -€588 | -11.0% |
| Taxes | 450/3 | €2,071 | €4,763 | +€2,692 | +130% |
| Remuneration and social security | 454/9 | €3,280 | €0 | -€3,280 | -100% |
| Other amounts payable | 47/48 | - | €2,252 | +€2,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €2,293 | +€1,617 | +239% |
| Other operating charges | 640/8 | €148 | €783 | +€635 | +429% |
| Gross operating margin | 9900 | €57,792 | €47,125 | -€10,667 | -18.5% |
| Operating profit (loss) | 9901 | €56,968 | €44,048 | -€12,919 | -22.7% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100% |
| Financial charges | 65/66B | €50 | €377 | +€327 | +650% |
| Recurring financial charges | 65 | €50 | €377 | +€327 | +650% |
| Profit (loss) for the period before taxes | 9903 | €56,953 | €43,672 | -€13,281 | -23.3% |
| Income taxes | 67/77 | €11,148 | €10,265 | -€883 | -7.9% |
| Profit (loss) for the period | 9904 | €45,804 | €33,407 | -€12,398 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,804 | €33,407 | -€12,398 | -27.1% |
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 31 October 2026 via checked.be.