R. & Co: 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.
What changed
R. & Co
NACE 74.111, Design of textile patterns, clothing, jewellery, furniture and decorative items
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€93,036
2024 · -€35,401-€57,635
Equity
€5.5m
2024 · €5.6m-€93,036
Cash
€154,976
2024 · €77,719+€77,257
Balance sheet total
€7.8m
2024 · €7.1m+€713,471
Largest movements
Assets
- Tangible fixed assets +€760,362
up €760,362 (+11.2%), from €6.8m to €7.5m
of which Plant, machinery and equipment: +€778,141
- Receivables within one year -€120,208
down €120,208 (-53.1%), from €226,386 to €106,178
of which Other amounts receivable: -€100,993
Equity and liabilities
- Other debts +€978,959
up €978,959 (+325%), from €300,939 to €1.3m
- Trade debts -€157,116
down €157,116 (-87.7%), from €179,167 to €22,050
Income statement
- Depreciation +€91,956
up €91,956 (+37.1%), from €247,999 to €339,955
- Gross operating margin +€87,574
up €87,574 (+49.4%), from €177,192 to €264,766
- Financial income -€71,204
down €71,204 (-95.7%), from €74,370 to €3,166
- Other operating charges -€27,371
down €27,371 (-85.6%), from €31,967 to €4,597
- Financial charges +€6,724
up €6,724 (+54.6%), from €12,311 to €19,035
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.
Result 2024
-€35,401
Gross operating margin
+€87,574
Depreciation
-€91,956
Other operating charges
+€27,371
Financial income
-€71,204
Financial charges
-€6,724
Taxes
-€3,129
Deferred taxes and other
+€432
Result 2025
-€93,036
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€1.1m
Financing
+€9,000
Cash 2024
€77,719
From operations (derived)
+€1.2m
Net result for the year
-€93,036
Depreciation
+€339,955
Receivables within one year
+€120,208
Deferred charges and accrued income
+€3,941
Provisions
-€6,347
Trade debts
-€157,116
Tax, wage and social debts
-€22,709
Other debts
+€978,959
Accrued charges and deferred income
+€4,720
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€9,000
Debts after one year
+€9,000
Cash 2025
€154,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,098,563 | €7,812,033 | +€713,471 | +10.1% |
| Fixed assets | 21/28 | €6,788,178 | €7,548,540 | +€760,362 | +11.2% |
| Tangible fixed assets | 22/27 | €6,787,316 | €7,547,678 | +€760,362 | +11.2% |
| Land and buildings | 22 | €1,801,854 | €1,765,525 | -€36,328 | -2.0% |
| Plant, machinery and equipment | 23 | €4,961,100 | €5,739,241 | +€778,141 | +15.7% |
| Furniture and vehicles | 24 | €24,362 | €42,911 | +€18,549 | +76.1% |
| Financial fixed assets | 28 | €862 | €862 | = | 0.0% |
| Current assets | 29/58 | €310,385 | €263,494 | -€46,891 | -15.1% |
| Amounts receivable within one year | 40/41 | €226,386 | €106,178 | -€120,208 | -53.1% |
| Trade receivables | 40 | €87,447 | €68,232 | -€19,215 | -22.0% |
| Other amounts receivable | 41 | €138,939 | €37,947 | -€100,993 | -72.7% |
| Cash at bank and in hand | 54/58 | €77,719 | €154,976 | +€77,257 | +99.4% |
| Deferred charges and accrued income | 490/1 | €6,280 | €2,340 | -€3,941 | -62.7% |
| Total equity and liabilities | 10/49 | €7,098,563 | €7,812,033 | +€713,471 | +10.1% |
| Equity | 10/15 | €5,598,458 | €5,505,421 | -€93,036 | -1.7% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €2,638,450 | €2,619,409 | -€19,040 | -0.7% |
| Tax-exempt reserves | 132 | €538,223 | €519,183 | -€19,040 | -3.5% |
| Distributable reserves | 133 | €2,100,227 | €2,100,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,992 | -€113,988 | -€73,996 | -185% |
| Provisions and deferred taxes | 16 | €179,408 | €173,061 | -€6,347 | -3.5% |
| Deferred taxes | 168 | €179,408 | €173,061 | -€6,347 | -3.5% |
| Amounts payable | 17/49 | €1,320,697 | €2,133,551 | +€812,854 | +61.5% |
| Amounts payable after more than one year | 17 | €794,000 | €803,000 | +€9,000 | +1.1% |
| Financial debts | 170/4 | €194,187 | €194,187 | = | 0.0% |
| Other amounts payable | 178/9 | €599,813 | €608,813 | +€9,000 | +1.5% |
| Amounts payable within one year | 42/48 | €515,661 | €1,314,794 | +€799,133 | +155% |
| Trade debts | 44 | €179,167 | €22,050 | -€157,116 | -87.7% |
| Suppliers | 440/4 | €179,167 | €22,050 | -€157,116 | -87.7% |
| Taxes, remuneration and social security | 45 | €35,555 | €12,846 | -€22,709 | -63.9% |
| Taxes | 450/3 | €35,555 | €12,846 | -€22,709 | -63.9% |
| Other amounts payable | 47/48 | €300,939 | €1,279,897 | +€978,959 | +325% |
| Accrued charges and deferred income | 492/3 | €11,037 | €15,757 | +€4,720 | +42.8% |
| Non-recurring operating income | 76A | €13,227 | - | -€13,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,999 | €339,955 | +€91,956 | +37.1% |
| Other operating charges | 640/8 | €31,967 | €4,597 | -€27,371 | -85.6% |
| Gross operating margin | 9900 | €177,192 | €264,766 | +€87,574 | +49.4% |
| Operating profit (loss) | 9901 | -€102,774 | -€79,785 | +€22,989 | +22.4% |
| Financial income | 75/76B | €74,370 | €3,166 | -€71,204 | -95.7% |
| Recurring financial income | 75 | €74,370 | €3,166 | -€71,204 | -95.7% |
| Financial charges | 65/66B | €12,311 | €19,035 | +€6,724 | +54.6% |
| Recurring financial charges | 65 | €12,311 | €19,035 | +€6,724 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,715 | -€95,654 | -€54,939 | -135% |
| Transfer from deferred taxes | 780 | €5,915 | €6,347 | +€432 | +7.3% |
| Income taxes | 67/77 | €600 | €3,729 | +€3,129 | +521% |
| Profit (loss) for the period | 9904 | -€35,401 | -€93,036 | -€57,635 | -163% |
| Transfer from tax-exempt reserves | 789 | €17,744 | €19,040 | +€1,297 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,657 | -€73,996 | -€56,339 | -319% |
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 14 October 2026 via checked.be.