R-Groep: 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-Groep
Largest movements
- Receivables within one year -€31,315
down €31,315 (-44.7%), from €70,082 to €38,767
of which Trade receivables: -€27,831
- Tangible fixed assets -€13,731
down €13,731 (-39.2%), from €34,993 to €21,262
- Cash +€2,639
up €2,639 (+229%), from €1,151 to €3,790
mainly Other debts (+€116,970) and Receivables within one year (+€31,315)
- Other debts +€116,970
up €116,970 (+2,835%), from €4,126 to €121,096
- Profit (loss) carried forward -€97,004
down €97,004 (-191%), from -€50,757 to -€147,761
- Trade debts -€46,495
down €46,495 (-47.4%), from €98,112 to €51,617
- Current portion of long-term debt -€22,584
down €22,584 (-78.2%), from €28,879 to €6,295
- Tax, wage and social debts +€12,871
up €12,871 (+107%), from €12,041 to €24,912
of which Taxes: +€6,445
- Gross operating margin +€54,928
up €54,928 (+50.6%), from -€108,467 to -€53,539
- Financial charges +€14,383
up €14,383 (+485%), from €2,966 to €17,348
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 | €109,840 | €68,018 | -€41,822 | -38.1% |
| Fixed assets | 21/28 | €34,993 | €21,262 | -€13,731 | -39.2% |
| Tangible fixed assets | 22/27 | €34,993 | €21,262 | -€13,731 | -39.2% |
| Plant, machinery and equipment | 23 | €2,223 | €1,070 | -€1,153 | -51.9% |
| Furniture and vehicles | 24 | €11,099 | €5,161 | -€5,938 | -53.5% |
| Leasing and similar rights | 25 | €21,671 | €15,031 | -€6,640 | -30.6% |
| Current assets | 29/58 | €74,847 | €46,757 | -€28,091 | -37.5% |
| Amounts receivable within one year | 40/41 | €70,082 | €38,767 | -€31,315 | -44.7% |
| Trade receivables | 40 | €54,410 | €26,578 | -€27,831 | -51.2% |
| Other amounts receivable | 41 | €15,672 | €12,189 | -€3,484 | -22.2% |
| Cash at bank and in hand | 54/58 | €1,151 | €3,790 | +€2,639 | +229% |
| Deferred charges and accrued income | 490/1 | €3,614 | €4,199 | +€585 | +16.2% |
| Total equity and liabilities | 10/49 | €109,840 | €68,018 | -€41,822 | -38.1% |
| Equity | 10/15 | -€43,257 | -€140,261 | -€97,004 | -224% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,757 | -€147,761 | -€97,004 | -191% |
| Amounts payable | 17/49 | €153,097 | €208,279 | +€55,182 | +36.0% |
| Amounts payable after more than one year | 17 | €9,420 | €3,129 | -€6,291 | -66.8% |
| Financial debts | 170/4 | €9,420 | €3,129 | -€6,291 | -66.8% |
| Amounts payable within one year | 42/48 | €143,158 | €203,920 | +€60,762 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €28,879 | €6,295 | -€22,584 | -78.2% |
| Trade debts | 44 | €98,112 | €51,617 | -€46,495 | -47.4% |
| Suppliers | 440/4 | €98,112 | €51,617 | -€46,495 | -47.4% |
| Taxes, remuneration and social security | 45 | €12,041 | €24,912 | +€12,871 | +107% |
| Taxes | 450/3 | €2,442 | €8,887 | +€6,445 | +264% |
| Remuneration and social security | 454/9 | €9,599 | €16,025 | +€6,426 | +66.9% |
| Other amounts payable | 47/48 | €4,126 | €121,096 | +€116,970 | +2,835% |
| Accrued charges and deferred income | 492/3 | €519 | €1,230 | +€711 | +137% |
| Remuneration, social security and pensions | 62 | €8,742 | €8,262 | -€480 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,327 | €15,327 | = | 0.0% |
| Other operating charges | 640/8 | €1,867 | €2,544 | +€677 | +36.2% |
| Gross operating margin | 9900 | -€108,467 | -€53,539 | +€54,928 | +50.6% |
| Operating profit (loss) | 9901 | -€134,403 | -€79,672 | +€54,732 | +40.7% |
| Financial income | 75/76B | €47 | €16 | -€31 | -65.9% |
| Recurring financial income | 75 | €47 | €16 | -€31 | -65.9% |
| Financial charges | 65/66B | €2,966 | €17,348 | +€14,383 | +485% |
| Recurring financial charges | 65 | €2,966 | €17,348 | +€14,383 | +485% |
| Profit (loss) for the period before taxes | 9903 | -€137,322 | -€97,004 | +€40,318 | +29.4% |
| Profit (loss) for the period | 9904 | -€137,322 | -€97,004 | +€40,318 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,322 | -€97,004 | +€40,318 | +29.4% |
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 27 October 2026 via checked.be.