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
- Stocks and contracts +€249,948
up €249,948 (+4.4%), from €5.7m to €6.0m
- Debts after one year +€123,500
up €123,500 (+10.5%), from €1.2m to €1.3m
of which Financial debts: +€121,500
- Other debts +€93,743
up €93,743 (+55.9%), from €167,781 to €261,524
- Financial income -€1,845
down €1,845 (-100.0%), from €1,845 to €0
- Financial charges +€937
up €937 (+105.0%), from €892 to €1,830
- Other operating charges +€624
up €624 (+75.8%), from €823 to €1,447
- Gross operating margin +€573
up €573 (+12.9%), from -€4,442 to -€3,869
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 | €5,756,465 | €5,988,430 | +€231,965 | +4.0% |
| Current assets | 29/58 | €5,756,465 | €5,988,430 | +€231,965 | +4.0% |
| Stocks and contracts in progress | 3 | €5,735,798 | €5,985,746 | +€249,948 | +4.4% |
| Stocks | 30/36 | €5,735,798 | €5,985,746 | +€249,948 | +4.4% |
| Amounts receivable within one year | 40/41 | €18,627 | €2,684 | -€15,943 | -85.6% |
| Other amounts receivable | 41 | €18,627 | €2,684 | -€15,943 | -85.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,040 | €0 | -€2,040 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,756,465 | €5,988,430 | +€231,965 | +4.0% |
| Equity | 10/15 | €486,316 | €479,170 | -€7,145 | -1.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,684 | -€20,830 | -€7,145 | -52.2% |
| Amounts payable | 17/49 | €5,270,149 | €5,509,260 | +€239,110 | +4.5% |
| Amounts payable after more than one year | 17 | €1,180,000 | €1,303,500 | +€123,500 | +10.5% |
| Financial debts | 170/4 | €1,175,000 | €1,296,500 | +€121,500 | +10.3% |
| Other amounts payable | 178/9 | €5,000 | €7,000 | +€2,000 | +40.0% |
| Amounts payable within one year | 42/48 | €4,090,149 | €4,205,760 | +€115,610 | +2.8% |
| Financial debts | 43 | €3,920,000 | €3,944,235 | +€24,235 | +0.6% |
| Credit institutions | 430/8 | €3,920,000 | €3,944,235 | +€24,235 | +0.6% |
| Trade debts | 44 | €2,368 | €0 | -€2,368 | -100.0% |
| Suppliers | 440/4 | €2,368 | €0 | -€2,368 | -100.0% |
| Other amounts payable | 47/48 | €167,781 | €261,524 | +€93,743 | +55.9% |
| Other operating charges | 640/8 | €823 | €1,447 | +€624 | +75.8% |
| Gross operating margin | 9900 | -€4,442 | -€3,869 | +€573 | +12.9% |
| Operating profit (loss) | 9901 | -€5,265 | -€5,316 | -€51 | -1.0% |
| Financial income | 75/76B | €1,845 | €0 | -€1,845 | -100.0% |
| Recurring financial income | 75 | €1,845 | €0 | -€1,845 | -100.0% |
| Financial charges | 65/66B | €892 | €1,830 | +€937 | +105.0% |
| Recurring financial charges | 65 | €892 | €1,830 | +€937 | +105.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,313 | -€7,145 | -€2,833 | -65.7% |
| Profit (loss) for the period | 9904 | -€4,313 | -€7,145 | -€2,833 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,313 | -€7,145 | -€2,833 | -65.7% |
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 5 October 2026 via checked.be.