D & RCAMBRE: 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.
D & RCAMBRE
Largest movements
- Current investments +€268,296
up €268,296 (+79.8%), from €336,313 to €604,608
- Tangible fixed assets -€99,583
down €99,583 (-10.7%), from €928,968 to €829,385
- Receivables within one year -€44,957
down €44,957 (-70.7%), from €63,567 to €18,609
of which Other amounts receivable: -€22,527
- Cash -€44,740
down €44,740 (-12.0%), from €372,609 to €327,868
mainly Current investments (-€268,296) and Debts after one year (-€77,623)
- Stocks and contracts +€19,601
up €19,601 (+33.4%), from €58,693 to €78,295
- Reserves +€223,369
up €223,369 (+37.7%), from €592,634 to €816,004
of which Distributable reserves: +€223,369
- Debts after one year -€77,623
down €77,623 (-9.5%), from €813,866 to €736,243
- Other debts -€25,818
down €25,818 (-82.7%), from €31,208 to €5,390
- Trade debts -€22,435
down €22,435 (-39.1%), from €57,412 to €34,977
- Gross operating margin +€196,907
up €196,907 (+19.2%), from €1.0m to €1.2m
- Taxes +€51,127
up €51,127 (+92.5%), from €55,273 to €106,400
- Staff costs +€33,622
up €33,622 (+4.6%), from €724,105 to €757,726
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 | €1,782,934 | €1,874,123 | +€91,189 | +5.1% |
| Fixed assets | 21/28 | €946,653 | €842,531 | -€104,122 | -11.0% |
| Intangible fixed assets | 21 | €17,145 | €12,345 | -€4,800 | -28.0% |
| Tangible fixed assets | 22/27 | €928,968 | €829,385 | -€99,583 | -10.7% |
| Land and buildings | 22 | €595,195 | €549,411 | -€45,784 | -7.7% |
| Plant, machinery and equipment | 23 | €20,392 | €14,794 | -€5,598 | -27.5% |
| Furniture and vehicles | 24 | €8,591 | €5,257 | -€3,334 | -38.8% |
| Other tangible fixed assets | 26 | €304,790 | €259,923 | -€44,867 | -14.7% |
| Financial fixed assets | 28 | €540 | €801 | +€261 | +48.3% |
| Current assets | 29/58 | €836,282 | €1,031,592 | +€195,311 | +23.4% |
| Stocks and contracts in progress | 3 | €58,693 | €78,295 | +€19,601 | +33.4% |
| Stocks | 30/36 | €58,693 | €78,295 | +€19,601 | +33.4% |
| Amounts receivable within one year | 40/41 | €63,567 | €18,609 | -€44,957 | -70.7% |
| Trade receivables | 40 | €41,039 | €18,609 | -€22,430 | -54.7% |
| Other amounts receivable | 41 | €22,527 | - | -€22,527 | |
| Current investments | 50/53 | €336,313 | €604,608 | +€268,296 | +79.8% |
| Cash at bank and in hand | 54/58 | €372,609 | €327,868 | -€44,740 | -12.0% |
| Deferred charges and accrued income | 490/1 | €5,101 | €2,211 | -€2,889 | -56.6% |
| Total equity and liabilities | 10/49 | €1,782,934 | €1,874,123 | +€91,189 | +5.1% |
| Equity | 10/15 | €654,634 | €878,004 | +€223,369 | +34.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €592,634 | €816,004 | +€223,369 | +37.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €586,434 | €809,804 | +€223,369 | +38.1% |
| Amounts payable | 17/49 | €1,128,300 | €996,119 | -€132,181 | -11.7% |
| Amounts payable after more than one year | 17 | €813,866 | €736,243 | -€77,623 | -9.5% |
| Financial debts | 170/4 | €813,866 | €736,243 | -€77,623 | -9.5% |
| Amounts payable within one year | 42/48 | €314,434 | €259,877 | -€54,558 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €75,941 | €77,623 | +€1,682 | +2.2% |
| Trade debts | 44 | €57,412 | €34,977 | -€22,435 | -39.1% |
| Suppliers | 440/4 | €57,412 | €34,977 | -€22,435 | -39.1% |
| Taxes, remuneration and social security | 45 | €149,873 | €141,887 | -€7,987 | -5.3% |
| Taxes | 450/3 | €61,493 | €54,606 | -€6,887 | -11.2% |
| Remuneration and social security | 454/9 | €88,381 | €87,281 | -€1,100 | -1.2% |
| Other amounts payable | 47/48 | €31,208 | €5,390 | -€25,818 | -82.7% |
| Remuneration, social security and pensions | 62 | €724,105 | €757,726 | +€33,622 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,908 | €105,582 | -€4,326 | -3.9% |
| Other operating charges | 640/8 | €14,945 | €20,893 | +€5,948 | +39.8% |
| Gross operating margin | 9900 | €1,026,925 | €1,223,832 | +€196,907 | +19.2% |
| Operating profit (loss) | 9901 | €177,968 | €339,631 | +€161,663 | +90.8% |
| Financial income | 75/76B | €28,896 | €22,530 | -€6,365 | -22.0% |
| Recurring financial income | 75 | €28,896 | €22,530 | -€6,365 | -22.0% |
| Financial charges | 65/66B | €38,553 | €32,392 | -€6,161 | -16.0% |
| Recurring financial charges | 65 | €38,553 | €32,392 | -€6,161 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €168,310 | €329,769 | +€161,459 | +95.9% |
| Income taxes | 67/77 | €55,273 | €106,400 | +€51,127 | +92.5% |
| Profit (loss) for the period | 9904 | €113,037 | €223,369 | +€110,332 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €113,037 | €223,369 | +€110,332 | +97.6% |
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 18 October 2026 via checked.be.