R-FACES: 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-FACES
Largest movements
- Receivables within one year +€4,581
up €4,581 (+36.2%), from €12,655 to €17,236
of which Trade receivables: +€4,587
- Cash +€4,317
up €4,317 (+94.6%), from €4,564 to €8,880
mainly Depreciation (+€10,482) and Net result for the year (+€6,691)
- Tangible fixed assets -€3,254
down €3,254 (-7.0%), from €46,816 to €43,562
of which Other tangible fixed assets: -€1,832
- Intangible fixed assets -€2,000
down €2,000 (-60.2%), from €3,321 to €1,321
- Profit (loss) carried forward +€6,691
up €6,691 (+31.0%), from €21,590 to €28,281
- Tax, wage and social debts -€5,162
down €5,162 (-19.3%), from €26,733 to €21,571
of which Remuneration and social security: -€3,095
- Other debts +€5,072
new in 2025: €5,072
- Debts after one year -€2,666
down €2,666 (-31.3%), from €8,516 to €5,850
of which Financial debts: -€2,666
- Gross operating margin +€3,371
up €3,371 (+15.8%), from €21,358 to €24,729
- Financial charges -€2,831
down €2,831 (-87.9%), from €3,221 to €390
- Other operating charges -€1,130
down €1,130 (-32.8%), from €3,440 to €2,311
- Financial income -€729
down €729 (-99.1%), from €736 to €7
- Taxes +€631
up €631 (+34.7%), from €1,820 to €2,451
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 | €71,891 | €75,728 | +€3,837 | +5.3% |
| Fixed assets | 21/28 | €50,136 | €45,027 | -€5,109 | -10.2% |
| Intangible fixed assets | 21 | €3,321 | €1,321 | -€2,000 | -60.2% |
| Tangible fixed assets | 22/27 | €46,816 | €43,562 | -€3,254 | -7.0% |
| Plant, machinery and equipment | 23 | €205 | €95 | -€110 | -53.6% |
| Furniture and vehicles | 24 | €20,410 | €19,098 | -€1,312 | -6.4% |
| Other tangible fixed assets | 26 | €26,200 | €24,369 | -€1,832 | -7.0% |
| Financial fixed assets | 28 | - | €145 | +€145 | |
| Current assets | 29/58 | €21,755 | €30,701 | +€8,947 | +41.1% |
| Stocks and contracts in progress | 3 | €4,530 | €4,530 | = | 0.0% |
| Stocks | 30/36 | €4,530 | €4,530 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,655 | €17,236 | +€4,581 | +36.2% |
| Trade receivables | 40 | €12,640 | €17,227 | +€4,587 | +36.3% |
| Other amounts receivable | 41 | €15 | €9 | -€6 | -38.3% |
| Cash at bank and in hand | 54/58 | €4,564 | €8,880 | +€4,317 | +94.6% |
| Deferred charges and accrued income | 490/1 | €6 | €55 | +€49 | +810% |
| Total equity and liabilities | 10/49 | €71,891 | €75,728 | +€3,837 | +5.3% |
| Equity | 10/15 | €26,590 | €33,281 | +€6,691 | +25.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,590 | €28,281 | +€6,691 | +31.0% |
| Amounts payable | 17/49 | €45,301 | €42,447 | -€2,854 | -6.3% |
| Amounts payable after more than one year | 17 | €8,516 | €5,850 | -€2,666 | -31.3% |
| Financial debts | 170/4 | €2,666 | - | -€2,666 | |
| Other amounts payable | 178/9 | €5,850 | €5,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,785 | €36,597 | -€188 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €3,900 | -€100 | -2.5% |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €6,044 | €6,054 | +€10 | +0.2% |
| Suppliers | 440/4 | €6,044 | €6,054 | +€10 | +0.2% |
| Taxes, remuneration and social security | 45 | €26,733 | €21,571 | -€5,162 | -19.3% |
| Taxes | 450/3 | €23,638 | €21,571 | -€2,067 | -8.7% |
| Remuneration and social security | 454/9 | €3,095 | - | -€3,095 | |
| Other amounts payable | 47/48 | - | €5,072 | +€5,072 | |
| Non-recurring operating income | 76A | - | €4,849 | +€4,849 | |
| Remuneration, social security and pensions | 62 | -€25 | €317 | +€341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,900 | €10,482 | +€582 | +5.9% |
| Other operating charges | 640/8 | €3,440 | €2,311 | -€1,130 | -32.8% |
| Non-recurring operating charges | 66A | - | €2,094 | +€2,094 | |
| Gross operating margin | 9900 | €21,358 | €24,729 | +€3,371 | +15.8% |
| Operating profit (loss) | 9901 | €8,042 | €9,525 | +€1,483 | +18.4% |
| Financial income | 75/76B | €736 | €7 | -€729 | -99.1% |
| Recurring financial income | 75 | €736 | €7 | -€729 | -99.1% |
| Financial charges | 65/66B | €3,221 | €390 | -€2,831 | -87.9% |
| Recurring financial charges | 65 | €3,221 | €390 | -€2,831 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €5,558 | €9,143 | +€3,585 | +64.5% |
| Income taxes | 67/77 | €1,820 | €2,451 | +€631 | +34.7% |
| Profit (loss) for the period | 9904 | €3,738 | €6,691 | +€2,954 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,738 | €6,691 | +€2,954 | +79.0% |
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 15 October 2026 via checked.be.