R.B.K.: 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.B.K.
Largest movements
- Cash +€120,821
up €120,821 (+1,583%), from €7,632 to €128,453
mainly Receivables within one year (+€108,023) and Investment in fixed assets (net) (+€66,871)
- Current investments +€108,768
up €108,768 (+8,826%), from €1,232 to €110,000
- Receivables within one year -€108,023
down €108,023 (-91.7%), from €117,859 to €9,836
of which Trade receivables: -€114,795
- Tangible fixed assets -€84,706
down €84,706 (-34.1%), from €248,649 to €163,943
of which Land and buildings: -€75,038
- Stocks and contracts -€7,117
down €7,117 (-54.4%), from €13,076 to €5,959
- Reserves +€40,404
up €40,404 (+109%), from €37,120 to €77,524
- Debts after one year -€26,000
down €26,000 (-19.1%), from €136,000 to €110,000
- Tax, wage and social debts +€15,438
up €15,438 (+323%), from €4,780 to €20,217
- Other debts +€7,385
up €7,385 (+105%), from €7,015 to €14,400
- Current portion of long-term debt -€6,264
down €6,264 (-40.3%), from €15,561 to €9,297
- Gross operating margin +€57,157
up €57,157 (+147%), from €38,947 to €96,104
- Taxes +€20,207
up €20,207 (+1,273%), from €1,587 to €21,794
- Depreciation -€11,257
down €11,257 (-38.7%), from €29,092 to €17,835
- Other operating charges +€7,181
up €7,181 (+237%), from €3,031 to €10,211
- Financial charges +€1,689
up €1,689 (+40.2%), from €4,204 to €5,893
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 | €388,448 | €418,313 | +€29,865 | +7.7% |
| Fixed assets | 21/28 | €248,649 | €163,943 | -€84,706 | -34.1% |
| Tangible fixed assets | 22/27 | €248,649 | €163,943 | -€84,706 | -34.1% |
| Land and buildings | 22 | €220,962 | €145,923 | -€75,038 | -34.0% |
| Plant, machinery and equipment | 23 | €6,375 | €2,946 | -€3,430 | -53.8% |
| Furniture and vehicles | 24 | €21,312 | €15,074 | -€6,238 | -29.3% |
| Current assets | 29/58 | €139,799 | €254,369 | +€114,570 | +82.0% |
| Stocks and contracts in progress | 3 | €13,076 | €5,959 | -€7,117 | -54.4% |
| Stocks | 30/36 | €13,076 | €5,959 | -€7,117 | -54.4% |
| Amounts receivable within one year | 40/41 | €117,859 | €9,836 | -€108,023 | -91.7% |
| Trade receivables | 40 | €117,859 | €3,064 | -€114,795 | -97.4% |
| Other amounts receivable | 41 | - | €6,772 | +€6,772 | |
| Current investments | 50/53 | €1,232 | €110,000 | +€108,768 | +8,826% |
| Cash at bank and in hand | 54/58 | €7,632 | €128,453 | +€120,821 | +1,583% |
| Deferred charges and accrued income | 490/1 | - | €121 | +€121 | |
| Total equity and liabilities | 10/49 | €388,448 | €418,313 | +€29,865 | +7.7% |
| Equity | 10/15 | €219,933 | €260,336 | +€40,404 | +18.4% |
| Contributions | 10/11 | €248 | €248 | = | 0.0% |
| Reserves | 13 | €37,120 | €77,524 | +€40,404 | +109% |
| Distributable reserves | 133 | €37,120 | €77,524 | +€40,404 | +109% |
| Profit (loss) carried forward | 14 | €182,564 | €182,564 | = | 0.0% |
| Amounts payable | 17/49 | €168,515 | €157,976 | -€10,539 | -6.3% |
| Amounts payable after more than one year | 17 | €136,000 | €110,000 | -€26,000 | -19.1% |
| Financial debts | 170/4 | €136,000 | €110,000 | -€26,000 | -19.1% |
| Amounts payable within one year | 42/48 | €32,515 | €47,976 | +€15,461 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €15,561 | €9,297 | -€6,264 | -40.3% |
| Trade debts | 44 | €5,160 | €4,063 | -€1,097 | -21.3% |
| Suppliers | 440/4 | €5,160 | €4,063 | -€1,097 | -21.3% |
| Taxes, remuneration and social security | 45 | €4,780 | €20,217 | +€15,438 | +323% |
| Taxes | 450/3 | €4,780 | €20,217 | +€15,438 | +323% |
| Other amounts payable | 47/48 | €7,015 | €14,400 | +€7,385 | +105% |
| Non-recurring operating income | 76A | €5,242 | €172,009 | +€166,767 | +3,181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,092 | €17,835 | -€11,257 | -38.7% |
| Other operating charges | 640/8 | €3,031 | €10,211 | +€7,181 | +237% |
| Gross operating margin | 9900 | €38,947 | €96,104 | +€57,157 | +147% |
| Operating profit (loss) | 9901 | €6,825 | €68,058 | +€61,233 | +897% |
| Financial income | 75/76B | €82 | €33 | -€49 | -60.2% |
| Recurring financial income | 75 | €82 | €33 | -€49 | -60.2% |
| Financial charges | 65/66B | €4,204 | €5,893 | +€1,689 | +40.2% |
| Recurring financial charges | 65 | €4,204 | €5,893 | +€1,689 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €2,703 | €62,198 | +€59,495 | +2,201% |
| Income taxes | 67/77 | €1,587 | €21,794 | +€20,207 | +1,273% |
| Profit (loss) for the period | 9904 | €1,116 | €40,404 | +€39,288 | +3,522% |
| Profit (loss) for the period to be appropriated | 9905 | €1,116 | €40,404 | +€39,288 | +3,522% |
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 21 October 2026 via checked.be.