R&B-PROJECTS: 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-PROJECTS
Largest movements
- Tangible fixed assets -€17,702
down €17,702 (-57.1%), from €30,985 to €13,283
of which Furniture and vehicles: -€17,108
- Receivables within one year +€11,548
up €11,548 (+101%), from €11,446 to €22,994
of which Other amounts receivable: +€10,130
- Cash +€10,511
up €10,511 (+9.4%), from €111,972 to €122,482
mainly Net result for the year (+€101,682) and Debts after one year (+€28,101)
- Other debts -€38,430
down €38,430 (-80.5%), from €47,748 to €9,318
- Debts after one year +€28,101
new in 2025: €28,101
- Tax, wage and social debts +€6,456
up €6,456 (+29.8%), from €21,701 to €28,157
of which Taxes: +€6,328
- Current portion of long-term debt +€4,596
up €4,596 (+71.8%), from €6,403 to €10,998
- Reserves +€3,893
up €3,893 (+4.0%), from €97,789 to €101,682
- Gross operating margin +€5,040
up €5,040 (+3.4%), from €149,211 to €154,252
- Depreciation +€1,767
up €1,767 (+11.1%), from €15,934 to €17,702
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 | €179,366 | €183,753 | +€4,388 | +2.4% |
| Fixed assets | 21/28 | €30,985 | €13,283 | -€17,702 | -57.1% |
| Tangible fixed assets | 22/27 | €30,985 | €13,283 | -€17,702 | -57.1% |
| Plant, machinery and equipment | 23 | €2,643 | €2,050 | -€593 | -22.4% |
| Furniture and vehicles | 24 | €28,341 | €11,233 | -€17,108 | -60.4% |
| Current assets | 29/58 | €148,381 | €170,470 | +€22,089 | +14.9% |
| Amounts receivable within one year | 40/41 | €11,446 | €22,994 | +€11,548 | +101% |
| Trade receivables | 40 | €11,446 | €12,864 | +€1,417 | +12.4% |
| Other amounts receivable | 41 | - | €10,130 | +€10,130 | |
| Current investments | 50/53 | €24,000 | €24,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,972 | €122,482 | +€10,511 | +9.4% |
| Deferred charges and accrued income | 490/1 | €963 | €993 | +€31 | +3.2% |
| Total equity and liabilities | 10/49 | €179,366 | €183,753 | +€4,388 | +2.4% |
| Equity | 10/15 | €102,789 | €106,682 | +€3,893 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,789 | €101,682 | +€3,893 | +4.0% |
| Distributable reserves | 133 | €97,789 | €101,682 | +€3,893 | +4.0% |
| Amounts payable | 17/49 | €76,577 | €77,072 | +€495 | +0.6% |
| Amounts payable after more than one year | 17 | - | €28,101 | +€28,101 | |
| Financial debts | 170/4 | - | €28,101 | +€28,101 | |
| Amounts payable within one year | 42/48 | €76,577 | €48,971 | -€27,606 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €6,403 | €10,998 | +€4,596 | +71.8% |
| Trade debts | 44 | €725 | €497 | -€228 | -31.4% |
| Suppliers | 440/4 | €725 | €497 | -€228 | -31.4% |
| Taxes, remuneration and social security | 45 | €21,701 | €28,157 | +€6,456 | +29.8% |
| Taxes | 450/3 | €14,923 | €21,251 | +€6,328 | +42.4% |
| Remuneration and social security | 454/9 | €6,778 | €6,906 | +€128 | +1.9% |
| Other amounts payable | 47/48 | €47,748 | €9,318 | -€38,430 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,934 | €17,702 | +€1,767 | +11.1% |
| Other operating charges | 640/8 | €159 | €605 | +€446 | +281% |
| Gross operating margin | 9900 | €149,211 | €154,252 | +€5,040 | +3.4% |
| Operating profit (loss) | 9901 | €133,118 | €135,945 | +€2,827 | +2.1% |
| Financial income | 75/76B | €339 | €1,110 | +€772 | +228% |
| Recurring financial income | 75 | €339 | €1,110 | +€772 | +228% |
| Financial charges | 65/66B | €352 | €417 | +€65 | +18.4% |
| Recurring financial charges | 65 | €352 | €417 | +€65 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €133,105 | €136,638 | +€3,533 | +2.7% |
| Income taxes | 67/77 | €35,316 | €34,956 | -€360 | -1.0% |
| Profit (loss) for the period | 9904 | €97,789 | €101,682 | +€3,893 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,789 | €101,682 | +€3,893 | +4.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.