R & B PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Receivables after one year -€35,556
no longer reported in 2025 (was €35,556)
- Tangible fixed assets -€10,118
down €10,118 (-10.4%), from €96,963 to €86,845
of which Land and buildings: -€6,201
- Receivables within one year -€3,878
down €3,878 (-41.8%), from €9,269 to €5,391
of which Other amounts receivable: -€4,983
- Deferred charges and accrued income -€2,268
no longer reported in 2025 (was €2,268)
- Tax, wage and social debts -€30,416
down €30,416 (-97.4%), from €31,228 to €812
of which Taxes: -€30,818
- Other debts +€22,898
new in 2025: €22,898
- Current portion of long-term debt -€19,269
no longer reported in 2025 (was €19,269)
- Profit (loss) carried forward -€17,529
down €17,529 (-74.5%), from -€23,539 to -€41,068
- Trade debts -€9,868
down €9,868 (-43.4%), from €22,757 to €12,890
- Gross operating margin -€25,311
down €25,311, from €23,780 to -€1,531
- Financial charges -€12,027
down €12,027 (-90.3%), from €13,321 to €1,294
- Depreciation -€11,119
down €11,119 (-52.4%), from €21,237 to €10,118
- Staff costs -€9,114
down €9,114 (-98.7%), from €9,238 to €124
- Financial income -€2,381
down €2,381 (-100.0%), from €2,381 to €0
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.
Cash bridge derived
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 | €147,372 | €94,389 | -€52,983 | -36.0% |
| Fixed assets | 21/28 | €98,013 | €87,895 | -€10,118 | -10.3% |
| Tangible fixed assets | 22/27 | €96,963 | €86,845 | -€10,118 | -10.4% |
| Land and buildings | 22 | €84,852 | €78,652 | -€6,201 | -7.3% |
| Plant, machinery and equipment | 23 | €9,654 | €6,624 | -€3,030 | -31.4% |
| Furniture and vehicles | 24 | €2,456 | €1,569 | -€887 | -36.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €49,359 | €6,494 | -€42,865 | -86.8% |
| Amounts receivable after more than one year | 29 | €35,556 | - | -€35,556 | |
| Other amounts receivable | 291 | €35,556 | - | -€35,556 | |
| Amounts receivable within one year | 40/41 | €9,269 | €5,391 | -€3,878 | -41.8% |
| Trade receivables | 40 | €3,272 | €4,377 | +€1,105 | +33.8% |
| Other amounts receivable | 41 | €5,997 | €1,014 | -€4,983 | -83.1% |
| Cash at bank and in hand | 54/58 | €2,265 | €1,102 | -€1,163 | -51.3% |
| Deferred charges and accrued income | 490/1 | €2,268 | - | -€2,268 | |
| Total equity and liabilities | 10/49 | €147,372 | €94,389 | -€52,983 | -36.0% |
| Equity | 10/15 | €74,117 | €56,588 | -€17,529 | -23.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €78,656 | €78,656 | = | 0.0% |
| Distributable reserves | 133 | €78,656 | €78,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,539 | -€41,068 | -€17,529 | -74.5% |
| Amounts payable | 17/49 | €73,255 | €37,800 | -€35,454 | -48.4% |
| Amounts payable within one year | 42/48 | €73,255 | €37,800 | -€35,454 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €19,269 | - | -€19,269 | |
| Trade debts | 44 | €22,757 | €12,890 | -€9,868 | -43.4% |
| Suppliers | 440/4 | €22,757 | €12,890 | -€9,868 | -43.4% |
| Advances received on contracts in progress | 46 | - | €1,201 | +€1,201 | |
| Taxes, remuneration and social security | 45 | €31,228 | €812 | -€30,416 | -97.4% |
| Taxes | 450/3 | €31,167 | €349 | -€30,818 | -98.9% |
| Remuneration and social security | 454/9 | €61 | €463 | +€402 | +654.5% |
| Other amounts payable | 47/48 | - | €22,898 | +€22,898 | |
| Remuneration, social security and pensions | 62 | €9,238 | €124 | -€9,114 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,237 | €10,118 | -€11,119 | -52.4% |
| Other operating charges | 640/8 | €5,741 | €3,976 | -€1,765 | -30.7% |
| Gross operating margin | 9900 | €23,780 | -€1,531 | -€25,311 | |
| Operating profit (loss) | 9901 | -€12,436 | -€15,749 | -€3,313 | -26.6% |
| Financial income | 75/76B | €2,381 | €0 | -€2,381 | -100.0% |
| Recurring financial income | 75 | €2,381 | €0 | -€2,381 | -100.0% |
| Financial charges | 65/66B | €13,321 | €1,294 | -€12,027 | -90.3% |
| Recurring financial charges | 65 | €13,321 | €1,294 | -€12,027 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,376 | -€17,042 | +€6,333 | +27.1% |
| Income taxes | 67/77 | €163 | €486 | +€323 | +198.0% |
| Profit (loss) for the period | 9904 | -€23,539 | -€17,529 | +€6,010 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,539 | -€17,529 | +€6,010 | +25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.