RVZ Concept: 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.
RVZ Concept
Largest movements
- Tangible fixed assets +€56,971
up €56,971 (+408%), from €13,970 to €70,941
of which Furniture and vehicles: +€54,521
- Deferred charges and accrued income -€9,525
down €9,525 (-100%), from €9,525 to €0
- Receivables within one year -€6,119
down €6,119 (-25.1%), from €24,335 to €18,216
of which Other amounts receivable: -€5,496
- Cash -€2,449
down €2,449 (-22.9%), from €10,704 to €8,255
mainly Investment in fixed assets (net) (-€64,668) and Trade debts (-€19,032)
- Debts after one year +€25,717
up €25,717, from €0 to €25,717
- Trade debts -€19,032
down €19,032 (-91.0%), from €20,920 to €1,888
- Accrued charges and deferred income +€8,908
new in 2025: €8,908
- Tax, wage and social debts +€8,434
up €8,434 (+234%), from €3,604 to €12,037
of which Taxes: +€10,549
- Reserves +€7,560
up €7,560 (+26.1%), from €28,912 to €36,472
- Gross operating margin +€8,220
up €8,220 (+36.6%), from €22,445 to €30,665
- Taxes +€2,968
up €2,968 (+66.1%), from €4,488 to €7,455
- Depreciation +€2,630
up €2,630 (+51.9%), from €5,067 to €7,697
- Financial income +€617
up €617 (+21,785%), from €3 to €619
- Staff costs -€502
down €502 (-100%), from €502 to €0
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 | €58,533 | €97,412 | +€38,878 | +66.4% |
| Fixed assets | 21/28 | €13,970 | €70,941 | +€56,971 | +408% |
| Tangible fixed assets | 22/27 | €13,970 | €70,941 | +€56,971 | +408% |
| Land and buildings | 22 | €3,450 | €4,284 | +€834 | +24.2% |
| Plant, machinery and equipment | 23 | €1,712 | €3,329 | +€1,617 | +94.4% |
| Furniture and vehicles | 24 | €8,808 | €63,328 | +€54,521 | +619% |
| Current assets | 29/58 | €44,564 | €26,471 | -€18,093 | -40.6% |
| Amounts receivable within one year | 40/41 | €24,335 | €18,216 | -€6,119 | -25.1% |
| Trade receivables | 40 | €18,839 | €18,216 | -€623 | -3.3% |
| Other amounts receivable | 41 | €5,496 | €0 | -€5,496 | -100% |
| Cash at bank and in hand | 54/58 | €10,704 | €8,255 | -€2,449 | -22.9% |
| Deferred charges and accrued income | 490/1 | €9,525 | €0 | -€9,525 | -100% |
| Total equity and liabilities | 10/49 | €58,533 | €97,412 | +€38,878 | +66.4% |
| Equity | 10/15 | €24,679 | €37,472 | +€12,794 | +51.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,912 | €36,472 | +€7,560 | +26.1% |
| Distributable reserves | 133 | €28,912 | €36,472 | +€7,560 | +26.1% |
| Profit (loss) carried forward | 14 | -€5,233 | €0 | +€5,233 | |
| Amounts payable | 17/49 | €33,855 | €59,939 | +€26,085 | +77.0% |
| Amounts payable after more than one year | 17 | €0 | €25,717 | +€25,717 | |
| Financial debts | 170/4 | €0 | €25,717 | +€25,717 | |
| Amounts payable within one year | 42/48 | €33,855 | €25,315 | -€8,540 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €3,171 | €5,810 | +€2,638 | +83.2% |
| Trade debts | 44 | €20,920 | €1,888 | -€19,032 | -91.0% |
| Suppliers | 440/4 | €20,920 | €1,888 | -€19,032 | -91.0% |
| Taxes, remuneration and social security | 45 | €3,604 | €12,037 | +€8,434 | +234% |
| Taxes | 450/3 | €1,488 | €12,037 | +€10,549 | +709% |
| Remuneration and social security | 454/9 | €2,116 | €0 | -€2,116 | -100% |
| Other amounts payable | 47/48 | €6,160 | €5,580 | -€580 | -9.4% |
| Accrued charges and deferred income | 492/3 | - | €8,908 | +€8,908 | |
| Remuneration, social security and pensions | 62 | €502 | €0 | -€502 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,067 | €7,697 | +€2,630 | +51.9% |
| Other operating charges | 640/8 | €2,582 | €2,909 | +€327 | +12.7% |
| Gross operating margin | 9900 | €22,445 | €30,665 | +€8,220 | +36.6% |
| Operating profit (loss) | 9901 | €14,293 | €20,059 | +€5,766 | +40.3% |
| Financial income | 75/76B | €3 | €619 | +€617 | +21,785% |
| Recurring financial income | 75 | €3 | €619 | +€617 | +21,785% |
| Financial charges | 65/66B | €476 | €430 | -€46 | -9.7% |
| Recurring financial charges | 65 | €476 | €430 | -€46 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €13,820 | €20,249 | +€6,429 | +46.5% |
| Income taxes | 67/77 | €4,488 | €7,455 | +€2,968 | +66.1% |
| Profit (loss) for the period | 9904 | €9,332 | €12,794 | +€3,461 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,332 | €12,794 | +€3,461 | +37.1% |
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 21 October 2026 via checked.be.