R&BTrans: 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&BTrans
Largest movements
- Cash +€129,912
up €129,912 (+139%), from €93,305 to €223,217
mainly Net result for the year (+€136,035) and Depreciation (+€79,373)
- Receivables within one year +€60,371
up €60,371 (+37.3%), from €161,966 to €222,337
of which Trade receivables: +€62,098
- Reserves +€113,560
up €113,560 (+106%), from €106,636 to €220,196
of which Distributable reserves: +€113,560
- Trade debts +€55,585
up €55,585 (+78.4%), from €70,903 to €126,488
- Tax, wage and social debts +€26,864
up €26,864 (+296%), from €9,078 to €35,942
of which Taxes: +€22,776
- Current portion of long-term debt -€17,649
down €17,649 (-27.6%), from €63,925 to €46,276
- Other debts +€10,471
up €10,471 (+61.9%), from €16,909 to €27,380
- Gross operating margin +€231,869
up €231,869 (+142%), from €163,763 to €395,631
- Taxes +€64,063
up €64,063 (+10,785%), from €594 to €64,657
- Staff costs +€43,487
up €43,487 (+81.7%), from €53,200 to €96,687
- Financial charges -€7,846
down €7,846 (-40.7%), from €19,290 to €11,444
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 | €447,383 | €630,967 | +€183,584 | +41.0% |
| Fixed assets | 21/28 | €188,782 | €181,963 | -€6,819 | -3.6% |
| Intangible fixed assets | 21 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Tangible fixed assets | 22/27 | €181,132 | €175,813 | -€5,319 | -2.9% |
| Plant, machinery and equipment | 23 | €5,794 | €4,073 | -€1,720 | -29.7% |
| Furniture and vehicles | 24 | €50,690 | €70,139 | +€19,449 | +38.4% |
| Leasing and similar rights | 25 | €124,649 | €99,521 | -€25,128 | -20.2% |
| Other tangible fixed assets | 26 | - | €2,080 | +€2,080 | |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €258,601 | €449,004 | +€190,403 | +73.6% |
| Amounts receivable within one year | 40/41 | €161,966 | €222,337 | +€60,371 | +37.3% |
| Trade receivables | 40 | €148,850 | €210,947 | +€62,098 | +41.7% |
| Other amounts receivable | 41 | €13,116 | €11,390 | -€1,726 | -13.2% |
| Cash at bank and in hand | 54/58 | €93,305 | €223,217 | +€129,912 | +139% |
| Deferred charges and accrued income | 490/1 | €3,330 | €3,450 | +€120 | +3.6% |
| Total equity and liabilities | 10/49 | €447,383 | €630,967 | +€183,584 | +41.0% |
| Equity | 10/15 | €199,036 | €312,596 | +€113,560 | +57.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,636 | €220,196 | +€113,560 | +106% |
| Tax-exempt reserves | 132 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €84,636 | €198,196 | +€113,560 | +134% |
| Profit (loss) carried forward | 14 | €73,800 | €73,800 | = | 0.0% |
| Amounts payable | 17/49 | €248,348 | €318,372 | +€70,024 | +28.2% |
| Amounts payable after more than one year | 17 | €85,052 | €79,574 | -€5,478 | -6.4% |
| Financial debts | 170/4 | €85,052 | €79,574 | -€5,478 | -6.4% |
| Amounts payable within one year | 42/48 | €160,815 | €236,085 | +€75,271 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €63,925 | €46,276 | -€17,649 | -27.6% |
| Trade debts | 44 | €70,903 | €126,488 | +€55,585 | +78.4% |
| Suppliers | 440/4 | €70,903 | €126,488 | +€55,585 | +78.4% |
| Taxes, remuneration and social security | 45 | €9,078 | €35,942 | +€26,864 | +296% |
| Taxes | 450/3 | €878 | €23,654 | +€22,776 | +2,594% |
| Remuneration and social security | 454/9 | €8,200 | €12,288 | +€4,088 | +49.9% |
| Other amounts payable | 47/48 | €16,909 | €27,380 | +€10,471 | +61.9% |
| Accrued charges and deferred income | 492/3 | €2,481 | €2,712 | +€231 | +9.3% |
| Non-recurring operating income | 76A | - | €16,696 | +€16,696 | |
| Remuneration, social security and pensions | 62 | €53,200 | €96,687 | +€43,487 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,869 | €79,373 | -€2,496 | -3.0% |
| Other operating charges | 640/8 | €10,889 | €7,440 | -€3,450 | -31.7% |
| Gross operating margin | 9900 | €163,763 | €395,631 | +€231,869 | +142% |
| Operating profit (loss) | 9901 | €17,805 | €212,132 | +€194,327 | +1,091% |
| Financial income | 75/76B | €40 | €4 | -€37 | -90.4% |
| Recurring financial income | 75 | €40 | €4 | -€37 | -90.4% |
| Financial charges | 65/66B | €19,290 | €11,444 | -€7,846 | -40.7% |
| Recurring financial charges | 65 | €19,290 | €11,444 | -€7,846 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,445 | €200,692 | +€202,137 | |
| Income taxes | 67/77 | €594 | €64,657 | +€64,063 | +10,785% |
| Profit (loss) for the period | 9904 | -€2,039 | €136,035 | +€138,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,039 | €136,035 | +€138,073 |
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 20 October 2026 via checked.be.