RCG: 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.
RCG
Largest movements
- Current investments -€126,705
down €126,705 (-16.5%), from €768,959 to €642,255
- Tangible fixed assets -€18,503
down €18,503 (-31.7%), from €58,443 to €39,941
of which Furniture and vehicles: -€17,037
- Receivables within one year -€14,573
down €14,573 (-12.4%), from €117,537 to €102,964
of which Trade receivables: -€31,756
- Profit (loss) carried forward -€205,636
down €205,636 (-100%), from €205,636 to €0
- Reserves +€114,681
up €114,681 (+17.3%), from €663,256 to €777,937
- Tax, wage and social debts -€60,059
down €60,059 (-73.7%), from €81,541 to €21,482
of which Taxes: -€60,413
- Current portion of long-term debt -€19,032
down €19,032 (-100%), from €19,032 to €0
- Gross operating margin -€155,659
down €155,659 (-33.6%), from €462,974 to €307,315
- Financial charges +€62,161
up €62,161 (+76.7%), from €81,083 to €143,244
- Taxes -€57,516
down €57,516 (-59.3%), from €97,047 to €39,531
- Financial income +€54,062
up €54,062 (+1,657%), from €3,263 to €57,325
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 | €980,143 | €819,079 | -€161,064 | -16.4% |
| Fixed assets | 21/28 | €58,443 | €39,941 | -€18,503 | -31.7% |
| Tangible fixed assets | 22/27 | €58,443 | €39,941 | -€18,503 | -31.7% |
| Furniture and vehicles | 24 | €48,297 | €31,260 | -€17,037 | -35.3% |
| Other tangible fixed assets | 26 | €10,147 | €8,681 | -€1,466 | -14.4% |
| Current assets | 29/58 | €921,700 | €779,138 | -€142,562 | -15.5% |
| Amounts receivable within one year | 40/41 | €117,537 | €102,964 | -€14,573 | -12.4% |
| Trade receivables | 40 | €31,776 | €20 | -€31,756 | -99.9% |
| Other amounts receivable | 41 | €85,761 | €102,944 | +€17,183 | +20.0% |
| Current investments | 50/53 | €768,959 | €642,255 | -€126,705 | -16.5% |
| Cash at bank and in hand | 54/58 | €34,212 | €31,590 | -€2,622 | -7.7% |
| Deferred charges and accrued income | 490/1 | €991 | €2,330 | +€1,338 | +135% |
| Total equity and liabilities | 10/49 | €980,143 | €819,079 | -€161,064 | -16.4% |
| Equity | 10/15 | €873,893 | €782,937 | -€90,956 | -10.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €663,256 | €777,937 | +€114,681 | +17.3% |
| Distributable reserves | 133 | €663,256 | €777,937 | +€114,681 | +17.3% |
| Profit (loss) carried forward | 14 | €205,636 | €0 | -€205,636 | -100% |
| Amounts payable | 17/49 | €106,251 | €36,142 | -€70,109 | -66.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €106,251 | €36,028 | -€70,223 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €19,032 | €0 | -€19,032 | -100% |
| Financial debts | 43 | €2,821 | €4,938 | +€2,117 | +75.0% |
| Credit institutions | 430/8 | €2,821 | €4,938 | +€2,117 | +75.0% |
| Trade debts | 44 | €2,856 | €9,608 | +€6,752 | +236% |
| Suppliers | 440/4 | €2,856 | €9,608 | +€6,752 | +236% |
| Taxes, remuneration and social security | 45 | €81,541 | €21,482 | -€60,059 | -73.7% |
| Taxes | 450/3 | €70,590 | €10,177 | -€60,413 | -85.6% |
| Remuneration and social security | 454/9 | €10,951 | €11,305 | +€354 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | €114 | +€114 | |
| Remuneration, social security and pensions | 62 | €41,699 | €41,924 | +€225 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,910 | €29,163 | +€1,253 | +4.5% |
| Other operating charges | 640/8 | €3,114 | €1,733 | -€1,381 | -44.3% |
| Gross operating margin | 9900 | €462,974 | €307,315 | -€155,659 | -33.6% |
| Operating profit (loss) | 9901 | €390,251 | €234,495 | -€155,757 | -39.9% |
| Financial income | 75/76B | €3,263 | €57,325 | +€54,062 | +1,657% |
| Recurring financial income | 75 | €3,263 | €57,325 | +€54,062 | +1,657% |
| Financial charges | 65/66B | €81,083 | €143,244 | +€62,161 | +76.7% |
| Recurring financial charges | 65 | €81,083 | €143,244 | +€62,161 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | €312,431 | €148,576 | -€163,855 | -52.4% |
| Income taxes | 67/77 | €97,047 | €39,531 | -€57,516 | -59.3% |
| Profit (loss) for the period | 9904 | €215,384 | €109,044 | -€106,340 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €215,384 | €109,044 | -€106,340 | -49.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.