eRBVee: 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.
eRBVee
Largest movements
- Stocks and contracts +€440,720
up €440,720 (+78.9%), from €558,850 to €999,570
- Tangible fixed assets -€201,935
down €201,935 (-9.3%), from €2.2m to €2.0m
of which Land and buildings: -€129,412
- Receivables within one year +€71,951
up €71,951 (+11.9%), from €606,727 to €678,678
of which Trade receivables: +€134,989
- Reserves +€606,806
up €606,806 (+50.4%), from €1.2m to €1.8m
of which Distributable reserves: +€606,806
- Trade debts +€367,995
up €367,995 (+101%), from €365,184 to €733,179
- Short-term financial debts -€350,000
down €350,000 (-58.3%), from €600,000 to €250,000
- Other debts -€205,698
down €205,698 (-81.1%), from €253,786 to €48,087
- Debts after one year -€124,708
down €124,708 (-14.5%), from €858,927 to €734,219
- Gross operating margin +€513,539
up €513,539 (+68.1%), from €753,766 to €1.3m
- Taxes +€190,139
up €190,139 (+205%), from €92,952 to €283,091
- Depreciation +€35,161
up €35,161 (+13.1%), from €269,298 to €304,459
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,557,742 | €3,880,535 | +€322,793 | +9.1% |
| Fixed assets | 21/28 | €2,165,657 | €1,962,436 | -€203,222 | -9.4% |
| Intangible fixed assets | 21 | €4,503 | €3,216 | -€1,287 | -28.6% |
| Tangible fixed assets | 22/27 | €2,161,154 | €1,959,219 | -€201,935 | -9.3% |
| Land and buildings | 22 | €1,523,146 | €1,393,734 | -€129,412 | -8.5% |
| Plant, machinery and equipment | 23 | €327,297 | €273,607 | -€53,690 | -16.4% |
| Furniture and vehicles | 24 | €310,711 | €291,877 | -€18,834 | -6.1% |
| Current assets | 29/58 | €1,392,084 | €1,918,099 | +€526,015 | +37.8% |
| Stocks and contracts in progress | 3 | €558,850 | €999,570 | +€440,720 | +78.9% |
| Stocks | 30/36 | €558,850 | €999,570 | +€440,720 | +78.9% |
| Amounts receivable within one year | 40/41 | €606,727 | €678,678 | +€71,951 | +11.9% |
| Trade receivables | 40 | €411,480 | €546,469 | +€134,989 | +32.8% |
| Other amounts receivable | 41 | €195,247 | €132,208 | -€63,038 | -32.3% |
| Cash at bank and in hand | 54/58 | €226,508 | €234,576 | +€8,069 | +3.6% |
| Deferred charges and accrued income | 490/1 | €0 | €5,275 | +€5,275 | |
| Total equity and liabilities | 10/49 | €3,557,742 | €3,880,535 | +€322,793 | +9.1% |
| Equity | 10/15 | €1,349,152 | €1,955,958 | +€606,806 | +45.0% |
| Contributions | 10/11 | €144,400 | €144,400 | = | 0.0% |
| Reserves | 13 | €1,204,752 | €1,811,558 | +€606,806 | +50.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,202,893 | €1,809,698 | +€606,806 | +50.4% |
| Amounts payable | 17/49 | €2,208,590 | €1,924,577 | -€284,013 | -12.9% |
| Amounts payable after more than one year | 17 | €858,927 | €734,219 | -€124,708 | -14.5% |
| Financial debts | 170/4 | €858,927 | €734,219 | -€124,708 | -14.5% |
| Amounts payable within one year | 42/48 | €1,349,662 | €1,190,358 | -€159,304 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €124,708 | €124,708 | = | 0.0% |
| Financial debts | 43 | €600,000 | €250,000 | -€350,000 | -58.3% |
| Credit institutions | 430/8 | €600,000 | €250,000 | -€350,000 | -58.3% |
| Trade debts | 44 | €365,184 | €733,179 | +€367,995 | +101% |
| Suppliers | 440/4 | €365,184 | €733,179 | +€367,995 | +101% |
| Taxes, remuneration and social security | 45 | €5,985 | €34,383 | +€28,399 | +475% |
| Taxes | 450/3 | €1,290 | €33,049 | +€31,759 | +2,462% |
| Remuneration and social security | 454/9 | €4,694 | €1,334 | -€3,360 | -71.6% |
| Other amounts payable | 47/48 | €253,786 | €48,087 | -€205,698 | -81.1% |
| Non-recurring operating income | 76A | €50,000 | €0 | -€50,000 | -100% |
| Remuneration, social security and pensions | 62 | €27,349 | €22,548 | -€4,801 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,298 | €304,459 | +€35,161 | +13.1% |
| Other operating charges | 640/8 | €16,365 | €16,973 | +€608 | +3.7% |
| Gross operating margin | 9900 | €753,766 | €1,267,305 | +€513,539 | +68.1% |
| Operating profit (loss) | 9901 | €440,754 | €923,325 | +€482,571 | +109% |
| Financial income | 75/76B | €0 | €216 | +€216 | +2,160,300% |
| Recurring financial income | 75 | €0 | €216 | +€216 | +2,160,300% |
| Financial charges | 65/66B | €36,940 | €33,644 | -€3,296 | -8.9% |
| Recurring financial charges | 65 | €36,940 | €33,644 | -€3,296 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €403,814 | €889,897 | +€486,083 | +120% |
| Income taxes | 67/77 | €92,952 | €283,091 | +€190,139 | +205% |
| Profit (loss) for the period | 9904 | €310,861 | €606,806 | +€295,944 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €310,861 | €606,806 | +€295,944 | +95.2% |
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 13 October 2026 via checked.be.