R’ADVENTURE: 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.
R’ADVENTURE
Largest movements
- Cash +€45,989
up €45,989 (+21.3%), from €215,824 to €261,813
mainly Other debts (+€112,634) and Net result for the year (+€59,577)
- Stocks and contracts -€28,971
down €28,971 (-32.3%), from €89,624 to €60,653
- Receivables within one year +€22,223
up €22,223 (+51.9%), from €42,830 to €65,053
of which Trade receivables: +€22,223
- Tangible fixed assets -€11,655
down €11,655 (-32.8%), from €35,482 to €23,827
of which Furniture and vehicles: -€11,324
- Other debts +€112,634
up €112,634 (+60.3%), from €186,925 to €299,559
- Profit (loss) carried forward -€68,423
down €68,423 (-51.4%), from €133,028 to €64,604
- Trade debts -€7,268
down €7,268 (-80.9%), from €8,986 to €1,718
- Current portion of long-term debt -€7,171
down €7,171 (-82.9%), from €8,652 to €1,481
- Gross operating margin +€1,605
up €1,605 (+1.7%), from €92,823 to €94,428
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 | €385,622 | €413,419 | +€27,797 | +7.2% |
| Fixed assets | 21/28 | €35,594 | €23,827 | -€11,767 | -33.1% |
| Intangible fixed assets | 21 | €112 | €0 | -€112 | -100% |
| Tangible fixed assets | 22/27 | €35,482 | €23,827 | -€11,655 | -32.8% |
| Plant, machinery and equipment | 23 | €331 | €0 | -€331 | -100% |
| Furniture and vehicles | 24 | €35,151 | €23,827 | -€11,324 | -32.2% |
| Current assets | 29/58 | €350,028 | €389,592 | +€39,564 | +11.3% |
| Stocks and contracts in progress | 3 | €89,624 | €60,653 | -€28,971 | -32.3% |
| Stocks | 30/36 | €89,624 | €60,653 | -€28,971 | -32.3% |
| Amounts receivable within one year | 40/41 | €42,830 | €65,053 | +€22,223 | +51.9% |
| Trade receivables | 40 | €21,856 | €44,079 | +€22,223 | +102% |
| Other amounts receivable | 41 | €20,974 | €20,974 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €215,824 | €261,813 | +€45,989 | +21.3% |
| Deferred charges and accrued income | 490/1 | €1,751 | €2,073 | +€323 | +18.4% |
| Total equity and liabilities | 10/49 | €385,622 | €413,419 | +€27,797 | +7.2% |
| Equity | 10/15 | €155,028 | €86,604 | -€68,423 | -44.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,028 | €64,604 | -€68,423 | -51.4% |
| Amounts payable | 17/49 | €230,595 | €326,815 | +€96,220 | +41.7% |
| Amounts payable after more than one year | 17 | €1,481 | €0 | -€1,481 | -100% |
| Financial debts | 170/4 | €1,481 | €0 | -€1,481 | -100% |
| Amounts payable within one year | 42/48 | €229,114 | €326,815 | +€97,701 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €8,652 | €1,481 | -€7,171 | -82.9% |
| Trade debts | 44 | €8,986 | €1,718 | -€7,268 | -80.9% |
| Suppliers | 440/4 | €8,986 | €1,718 | -€7,268 | -80.9% |
| Taxes, remuneration and social security | 45 | €24,550 | €24,057 | -€493 | -2.0% |
| Taxes | 450/3 | €24,550 | €24,057 | -€493 | -2.0% |
| Other amounts payable | 47/48 | €186,925 | €299,559 | +€112,634 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,985 | €11,767 | -€218 | -1.8% |
| Other operating charges | 640/8 | €1,195 | €927 | -€269 | -22.5% |
| Gross operating margin | 9900 | €92,823 | €94,428 | +€1,605 | +1.7% |
| Operating profit (loss) | 9901 | €79,642 | €81,734 | +€2,092 | +2.6% |
| Financial income | 75/76B | €331 | €0 | -€331 | -100% |
| Recurring financial income | 75 | €331 | €0 | -€331 | -100% |
| Financial charges | 65/66B | €723 | €341 | -€381 | -52.8% |
| Recurring financial charges | 65 | €723 | €341 | -€381 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €79,251 | €81,393 | +€2,142 | +2.7% |
| Income taxes | 67/77 | €21,526 | €21,816 | +€290 | +1.3% |
| Profit (loss) for the period | 9904 | €57,725 | €59,577 | +€1,851 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,725 | €59,577 | +€1,851 | +3.2% |
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 25 October 2026 via checked.be.