R.B.S.: 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.S.
Largest movements
- Cash -€128,173
down €128,173 (-12.7%), from €1.0m to €879,733
mainly Tax, wage and social debts (-€80,854) and Short-term financial debts (-€51,162)
- Receivables within one year +€46,367
up €46,367 (+13.8%), from €335,463 to €381,830
of which Trade receivables: +€42,369
- Tangible fixed assets +€32,471
up €32,471 (+39.1%), from €83,029 to €115,499
of which Furniture and vehicles: +€32,676
- Profit (loss) carried forward +€122,050
up €122,050 (+10.9%), from €1.1m to €1.2m
- Tax, wage and social debts -€80,854
down €80,854 (-82.4%), from €98,121 to €17,267
- Short-term financial debts -€51,162
down €51,162 (-100%), from €51,162 to €0
- Trade debts -€50,586
down €50,586 (-41.8%), from €121,015 to €70,429
- Gross operating margin -€116,410
down €116,410 (-80.1%), from €145,375 to €28,965
- Other operating charges -€27,072
down €27,072 (-93.0%), from €29,100 to €2,027
- Taxes -€14,616
down €14,616 (-44.7%), from €32,707 to €18,090
- Depreciation +€11,188
up €11,188 (+170%), from €6,592 to €17,779
- Financial income +€6,633
up €6,633 (+5.2%), from €127,629 to €134,263
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 | €1,674,091 | €1,605,366 | -€68,725 | -4.1% |
| Fixed assets | 21/28 | €304,264 | €336,734 | +€32,471 | +10.7% |
| Tangible fixed assets | 22/27 | €83,029 | €115,499 | +€32,471 | +39.1% |
| Plant, machinery and equipment | 23 | €1,547 | €1,341 | -€206 | -13.3% |
| Furniture and vehicles | 24 | €81,482 | €114,158 | +€32,676 | +40.1% |
| Financial fixed assets | 28 | €221,235 | €221,235 | = | 0.0% |
| Current assets | 29/58 | €1,369,828 | €1,268,632 | -€101,196 | -7.4% |
| Amounts receivable after more than one year | 29 | €13,000 | €7,000 | -€6,000 | -46.2% |
| Other amounts receivable | 291 | €13,000 | €7,000 | -€6,000 | -46.2% |
| Amounts receivable within one year | 40/41 | €335,463 | €381,830 | +€46,367 | +13.8% |
| Trade receivables | 40 | €188,474 | €230,843 | +€42,369 | +22.5% |
| Other amounts receivable | 41 | €146,989 | €150,987 | +€3,998 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,007,907 | €879,733 | -€128,173 | -12.7% |
| Deferred charges and accrued income | 490/1 | €13,458 | €69 | -€13,389 | -99.5% |
| Total equity and liabilities | 10/49 | €1,674,091 | €1,605,366 | -€68,725 | -4.1% |
| Equity | 10/15 | €1,370,362 | €1,492,412 | +€122,050 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,305 | €231,305 | = | 0.0% |
| Tax-exempt reserves | 132 | €229,445 | €229,445 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,120,457 | €1,242,507 | +€122,050 | +10.9% |
| Amounts payable | 17/49 | €303,730 | €112,955 | -€190,775 | -62.8% |
| Amounts payable after more than one year | 17 | €25,259 | €16,964 | -€8,295 | -32.8% |
| Financial debts | 170/4 | €25,259 | €16,964 | -€8,295 | -32.8% |
| Amounts payable within one year | 42/48 | €278,471 | €95,991 | -€182,480 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €8,173 | €8,295 | +€122 | +1.5% |
| Financial debts | 43 | €51,162 | €0 | -€51,162 | -100% |
| Credit institutions | 430/8 | €51,162 | €0 | -€51,162 | -100% |
| Trade debts | 44 | €121,015 | €70,429 | -€50,586 | -41.8% |
| Suppliers | 440/4 | €121,015 | €70,429 | -€50,586 | -41.8% |
| Taxes, remuneration and social security | 45 | €98,121 | €17,267 | -€80,854 | -82.4% |
| Taxes | 450/3 | €98,121 | €17,267 | -€80,854 | -82.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,592 | €17,779 | +€11,188 | +170% |
| Other operating charges | 640/8 | €29,100 | €2,027 | -€27,072 | -93.0% |
| Gross operating margin | 9900 | €145,375 | €28,965 | -€116,410 | -80.1% |
| Operating profit (loss) | 9901 | €109,683 | €9,158 | -€100,525 | -91.7% |
| Financial income | 75/76B | €127,629 | €134,263 | +€6,633 | +5.2% |
| Recurring financial income | 75 | €127,629 | €134,263 | +€6,633 | +5.2% |
| Financial charges | 65/66B | €4,231 | €3,280 | -€951 | -22.5% |
| Recurring financial charges | 65 | €4,231 | €3,280 | -€951 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €233,081 | €140,140 | -€92,941 | -39.9% |
| Income taxes | 67/77 | €32,707 | €18,090 | -€14,616 | -44.7% |
| Profit (loss) for the period | 9904 | €200,375 | €122,050 | -€78,325 | -39.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €200,375 | €122,050 | -€78,325 | -39.1% |
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.