R Consulting: what changed
R Consulting
Largest movements
- Cash -€177,923
down €177,923 (-77.7%), from €228,972 to €51,050
mainly Current investments (-€140,000) and Trade debts (-€88,661)
- Current investments +€140,000
new in 2025: €140,000
- Tangible fixed assets -€85,562
down €85,562 (-4.4%), from €1.9m to €1.9m
of which Land and buildings: -€45,975
- Deferred charges and accrued income +€45,844
up €45,844 (+643%), from €7,131 to €52,975
- Reserves +€118,775
up €118,775 (+7.5%), from €1.6m to €1.7m
of which Distributable reserves: +€118,775
- Trade debts -€88,661
down €88,661 (-93.2%), from €95,120 to €6,459
- Debts after one year -€64,750
down €64,750 (-54.5%), from €118,853 to €54,103
- Other debts -€45,776
down €45,776 (-13.6%), from €335,732 to €289,955
- Other operating charges +€80,806
up €80,806 (+536%), from €15,088 to €95,894
- Gross operating margin +€19,956
up €19,956 (+5.0%), from €396,099 to €416,055
- Depreciation -€13,041
down €13,041 (-13.6%), from €95,861 to €82,820
- Taxes -€11,851
down €11,851 (-16.1%), from €73,587 to €61,735
- Staff costs -€9,467
down €9,467 (-33.3%), from €28,467 to €19,000
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 | €2,243,062 | €2,152,669 | -€90,394 | -4.0% |
| Fixed assets | 21/28 | €1,949,751 | €1,850,069 | -€99,682 | -5.1% |
| Intangible fixed assets | 21 | €375 | - | -€375 | |
| Tangible fixed assets | 22/27 | €1,935,631 | €1,850,069 | -€85,562 | -4.4% |
| Land and buildings | 22 | €1,859,832 | €1,813,857 | -€45,975 | -2.5% |
| Plant, machinery and equipment | 23 | €7,261 | €4,956 | -€2,304 | -31.7% |
| Furniture and vehicles | 24 | €68,539 | €31,256 | -€37,283 | -54.4% |
| Financial fixed assets | 28 | €13,745 | - | -€13,745 | |
| Current assets | 29/58 | €293,311 | €302,600 | +€9,289 | +3.2% |
| Amounts receivable within one year | 40/41 | €57,208 | €58,574 | +€1,367 | +2.4% |
| Trade receivables | 40 | €46,764 | €43,435 | -€3,329 | -7.1% |
| Other amounts receivable | 41 | €10,444 | €15,139 | +€4,695 | +45.0% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €228,972 | €51,050 | -€177,923 | -77.7% |
| Deferred charges and accrued income | 490/1 | €7,131 | €52,975 | +€45,844 | +643% |
| Total equity and liabilities | 10/49 | €2,243,062 | €2,152,669 | -€90,394 | -4.0% |
| Equity | 10/15 | €1,606,866 | €1,725,641 | +€118,775 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,588,266 | €1,707,041 | +€118,775 | +7.5% |
| Tax-exempt reserves | 132 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €1,587,946 | €1,706,721 | +€118,775 | +7.5% |
| Amounts payable | 17/49 | €636,197 | €427,028 | -€209,169 | -32.9% |
| Amounts payable after more than one year | 17 | €118,853 | €54,103 | -€64,750 | -54.5% |
| Financial debts | 170/4 | €118,853 | €54,103 | -€64,750 | -54.5% |
| Amounts payable within one year | 42/48 | €517,344 | €372,925 | -€144,419 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €71,000 | €66,081 | -€4,919 | -6.9% |
| Trade debts | 44 | €95,120 | €6,459 | -€88,661 | -93.2% |
| Suppliers | 440/4 | €95,120 | €6,459 | -€88,661 | -93.2% |
| Taxes, remuneration and social security | 45 | €15,492 | €10,429 | -€5,064 | -32.7% |
| Taxes | 450/3 | €12,092 | €10,429 | -€1,663 | -13.8% |
| Remuneration and social security | 454/9 | €3,401 | - | -€3,401 | |
| Other amounts payable | 47/48 | €335,732 | €289,955 | -€45,776 | -13.6% |
| Remuneration, social security and pensions | 62 | €28,467 | €19,000 | -€9,467 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,861 | €82,820 | -€13,041 | -13.6% |
| Other operating charges | 640/8 | €15,088 | €95,894 | +€80,806 | +536% |
| Gross operating margin | 9900 | €396,099 | €416,055 | +€19,956 | +5.0% |
| Operating profit (loss) | 9901 | €256,682 | €218,342 | -€38,341 | -14.9% |
| Financial income | 75/76B | €7 | €1,543 | +€1,536 | +22,656% |
| Recurring financial income | 75 | €7 | €1,543 | +€1,536 | +22,656% |
| Financial charges | 65/66B | €34,009 | €39,374 | +€5,365 | +15.8% |
| Recurring financial charges | 65 | €34,009 | €39,374 | +€5,365 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €222,680 | €180,511 | -€42,169 | -18.9% |
| Income taxes | 67/77 | €73,587 | €61,735 | -€11,851 | -16.1% |
| Profit (loss) for the period | 9904 | €149,093 | €118,775 | -€30,318 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,093 | €118,775 | -€30,318 | -20.3% |
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 3 November 2026 via checked.be.