R CONCEPT: 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 CONCEPT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,217
up €5,217, from -€3,059 to €2,158
- Other operating charges -€974
down €974 (-64.2%), from €1,518 to €544
- Financial charges -€291
no longer reported in 2025 (was €291)
- Taxes +€62
up €62 (+23.1%), from €267 to €329
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,205 | €599,205 | = | 0.0% |
| Fixed assets | 21/28 | €34,900 | €34,900 | = | 0.0% |
| Financial fixed assets | 28 | €34,900 | €34,900 | = | 0.0% |
| Current assets | 29/58 | €564,305 | €564,305 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €546,067 | €546,067 | = | 0.0% |
| Trade receivables | 40 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 41 | €426,067 | €426,067 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €18,239 | €18,239 | = | 0.0% |
| Total equity and liabilities | 10/49 | €599,205 | €599,205 | = | 0.0% |
| Equity | 10/15 | €290,828 | €292,113 | +€1,285 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €34,848 | €34,848 | = | 0.0% |
| Reserves | 13 | €237,387 | €238,672 | +€1,285 | +0.5% |
| 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 | €235,528 | €236,813 | +€1,285 | +0.5% |
| Amounts payable | 17/49 | €308,377 | €307,092 | -€1,285 | -0.4% |
| Amounts payable within one year | 42/48 | €308,377 | €307,092 | -€1,285 | -0.4% |
| Financial debts | 43 | €3,088 | €3,088 | = | 0.0% |
| Credit institutions | 430/8 | €3,088 | €3,088 | = | 0.0% |
| Trade debts | 44 | €2,002 | €3,239 | +€1,238 | +61.8% |
| Suppliers | 440/4 | €2,002 | €3,239 | +€1,238 | +61.8% |
| Taxes, remuneration and social security | 45 | €579 | €663 | +€83 | +14.4% |
| Taxes | 450/3 | €579 | €663 | +€83 | +14.4% |
| Other amounts payable | 47/48 | €302,708 | €300,102 | -€2,607 | -0.9% |
| Other operating charges | 640/8 | €1,518 | €544 | -€974 | -64.2% |
| Gross operating margin | 9900 | -€3,059 | €2,158 | +€5,217 | |
| Operating profit (loss) | 9901 | -€4,577 | €1,614 | +€6,191 | |
| Financial charges | 65/66B | €291 | - | -€291 | |
| Recurring financial charges | 65 | €291 | - | -€291 | |
| Profit (loss) for the period before taxes | 9903 | -€4,868 | €1,614 | +€6,482 | |
| Income taxes | 67/77 | €267 | €329 | +€62 | +23.1% |
| Profit (loss) for the period | 9904 | -€5,135 | €1,285 | +€6,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,135 | €1,285 | +€6,420 |
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 4 October 2026 via checked.be.