R.B.T.S.: what changed
R.B.T.S.
Largest movements
- Cash -€31,392
down €31,392 (-92.1%), from €34,069 to €2,676
mainly Trade debts (-€27,282) and Contributions, distributions and other (-€17,186)
- Receivables within one year -€6,429
down €6,429 (-6.3%), from €102,219 to €95,790
of which Other amounts receivable: -€13,149
- Tangible fixed assets -€3,296
down €3,296 (-82.9%), from €3,977 to €681
- Deferred charges and accrued income +€1,826
up €1,826 (+105%), from €1,733 to €3,559
- Trade debts -€27,282
down €27,282 (-87.3%), from €31,258 to €3,976
- Profit (loss) carried forward -€17,186
down €17,186 (-23.8%), from €72,332 to €55,146
- Reserves +€3,183
up €3,183 (+171%), from €1,860 to €5,043
of which Distributable reserves: +€3,183
- Other debts +€1,901
up €1,901 (+524%), from €363 to €2,264
- Gross operating margin -€21,642
down €21,642 (-67.7%), from €31,976 to €10,334
- Write-downs -€5,626
down €5,626 (-78.7%), from €7,145 to €1,519
- Taxes -€2,770
down €2,770 (-62.8%), from €4,410 to €1,639
- Depreciation -€2,703
down €2,703 (-45.1%), from €6,000 to €3,296
- Other operating charges +€992
up €992 (+61.6%), from €1,611 to €2,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,997 | €102,706 | -€39,291 | -27.7% |
| Fixed assets | 21/28 | €3,977 | €681 | -€3,296 | -82.9% |
| Tangible fixed assets | 22/27 | €3,977 | €681 | -€3,296 | -82.9% |
| Furniture and vehicles | 24 | €3,977 | €681 | -€3,296 | -82.9% |
| Current assets | 29/58 | €138,020 | €102,025 | -€35,995 | -26.1% |
| Amounts receivable within one year | 40/41 | €102,219 | €95,790 | -€6,429 | -6.3% |
| Trade receivables | 40 | €38,534 | €45,253 | +€6,719 | +17.4% |
| Other amounts receivable | 41 | €63,685 | €50,537 | -€13,149 | -20.6% |
| Cash at bank and in hand | 54/58 | €34,069 | €2,676 | -€31,392 | -92.1% |
| Deferred charges and accrued income | 490/1 | €1,733 | €3,559 | +€1,826 | +105% |
| Total equity and liabilities | 10/49 | €141,997 | €102,706 | -€39,291 | -27.7% |
| Equity | 10/15 | €92,792 | €78,788 | -€14,003 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,043 | +€3,183 | +171% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €3,183 | +€3,183 | |
| Profit (loss) carried forward | 14 | €72,332 | €55,146 | -€17,186 | -23.8% |
| Amounts payable | 17/49 | €49,206 | €23,918 | -€25,288 | -51.4% |
| Amounts payable within one year | 42/48 | €49,206 | €23,918 | -€25,288 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €329 | €329 | = | 0.0% |
| Trade debts | 44 | €31,258 | €3,976 | -€27,282 | -87.3% |
| Suppliers | 440/4 | €31,258 | €3,976 | -€27,282 | -87.3% |
| Taxes, remuneration and social security | 45 | €17,256 | €17,349 | +€93 | +0.5% |
| Taxes | 450/3 | €17,256 | €17,349 | +€93 | +0.5% |
| Other amounts payable | 47/48 | €363 | €2,264 | +€1,901 | +524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €3,296 | -€2,703 | -45.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,145 | €1,519 | -€5,626 | -78.7% |
| Other operating charges | 640/8 | €1,611 | €2,603 | +€992 | +61.6% |
| Gross operating margin | 9900 | €31,976 | €10,334 | -€21,642 | -67.7% |
| Operating profit (loss) | 9901 | €17,221 | €2,917 | -€14,305 | -83.1% |
| Financial income | 75/76B | €3,061 | €2,833 | -€228 | -7.4% |
| Recurring financial income | 75 | €3,061 | €2,833 | -€228 | -7.4% |
| Financial charges | 65/66B | €1,029 | €928 | -€101 | -9.8% |
| Recurring financial charges | 65 | €1,029 | €928 | -€101 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €19,253 | €4,822 | -€14,431 | -75.0% |
| Income taxes | 67/77 | €4,410 | €1,639 | -€2,770 | -62.8% |
| Profit (loss) for the period | 9904 | €14,843 | €3,183 | -€11,661 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,843 | €3,183 | -€11,661 | -78.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.