Group RV: 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.
Group RV
Largest movements
- Receivables within one year +€21,885
up €21,885 (+446%), from €4,906 to €26,791
of which Trade receivables: +€23,707
- Tangible fixed assets -€14,211
down €14,211 (-23.6%), from €60,344 to €46,133
of which Leasing and similar rights: -€12,483
- Cash +€1,093
up €1,093 (+25.0%), from €4,373 to €5,466
mainly Other debts (+€16,122) and Depreciation (+€14,473)
- Other debts +€16,122
up €16,122 (+69.8%), from €23,097 to €39,219
- Debts after one year -€10,541
down €10,541 (-28.8%), from €36,620 to €26,079
- Trade debts +€5,987
up €5,987 (+1,000%), from €598 to €6,585
- Accrued charges and deferred income -€5,936
down €5,936 (-100%), from €5,936 to €0
- Profit (loss) carried forward +€3,595
up €3,595 (+31.9%), from -€11,286 to -€7,691
- Gross operating margin +€16,481
up €16,481 (+320%), from €5,143 to €21,623
- Depreciation +€1,834
up €1,834 (+14.5%), from €12,639 to €14,473
- Other operating charges -€682
down €682 (-32.0%), from €2,133 to €1,451
- Financial charges +€380
up €380 (+25.1%), from €1,517 to €1,897
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 | €69,884 | €78,389 | +€8,505 | +12.2% |
| Formation expenses | 20 | €262 | €0 | -€262 | -100% |
| Fixed assets | 21/28 | €60,344 | €46,133 | -€14,211 | -23.6% |
| Tangible fixed assets | 22/27 | €60,344 | €46,133 | -€14,211 | -23.6% |
| Plant, machinery and equipment | 23 | €4,371 | €3,388 | -€983 | -22.5% |
| Furniture and vehicles | 24 | €1,676 | €931 | -€745 | -44.5% |
| Leasing and similar rights | 25 | €54,297 | €41,814 | -€12,483 | -23.0% |
| Current assets | 29/58 | €9,278 | €32,256 | +€22,978 | +248% |
| Amounts receivable within one year | 40/41 | €4,906 | €26,791 | +€21,885 | +446% |
| Trade receivables | 40 | €3,084 | €26,791 | +€23,707 | +769% |
| Other amounts receivable | 41 | €1,822 | €0 | -€1,822 | -100% |
| Cash at bank and in hand | 54/58 | €4,373 | €5,466 | +€1,093 | +25.0% |
| Total equity and liabilities | 10/49 | €69,884 | €78,389 | +€8,505 | +12.2% |
| Equity | 10/15 | -€6,686 | -€3,091 | +€3,595 | +53.8% |
| Contributions | 10/11 | €4,600 | €4,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,286 | -€7,691 | +€3,595 | +31.9% |
| Amounts payable | 17/49 | €76,570 | €81,480 | +€4,910 | +6.4% |
| Amounts payable after more than one year | 17 | €36,620 | €26,079 | -€10,541 | -28.8% |
| Financial debts | 170/4 | €36,620 | €26,079 | -€10,541 | -28.8% |
| Amounts payable within one year | 42/48 | €34,014 | €55,401 | +€21,388 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €10,179 | €9,390 | -€789 | -7.8% |
| Trade debts | 44 | €598 | €6,585 | +€5,987 | +1,000% |
| Suppliers | 440/4 | €598 | €6,585 | +€5,987 | +1,000% |
| Taxes, remuneration and social security | 45 | €139 | €207 | +€68 | +48.9% |
| Taxes | 450/3 | €139 | €207 | +€68 | +48.9% |
| Other amounts payable | 47/48 | €23,097 | €39,219 | +€16,122 | +69.8% |
| Accrued charges and deferred income | 492/3 | €5,936 | €0 | -€5,936 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,639 | €14,473 | +€1,834 | +14.5% |
| Other operating charges | 640/8 | €2,133 | €1,451 | -€682 | -32.0% |
| Gross operating margin | 9900 | €5,143 | €21,623 | +€16,481 | +320% |
| Operating profit (loss) | 9901 | -€9,629 | €5,699 | +€15,328 | |
| Financial charges | 65/66B | €1,517 | €1,897 | +€380 | +25.1% |
| Recurring financial charges | 65 | €1,517 | €1,897 | +€380 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,146 | €3,802 | +€14,948 | |
| Income taxes | 67/77 | €139 | €207 | +€68 | +48.9% |
| Profit (loss) for the period | 9904 | -€11,286 | €3,595 | +€14,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,286 | €3,595 | +€14,880 |
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 16 October 2026 via checked.be.