R&L Concept: 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&L Concept
Largest movements
- Cash +€16,423
up €16,423 (+40.7%), from €40,399 to €56,822
mainly Net result for the year (+€64,463) and Depreciation (+€747)
- Receivables within one year +€12,174
up €12,174 (+130%), from €9,374 to €21,547
of which Other amounts receivable: +€6,900
- Current investments +€5,000
up €5,000 (+20.0%), from €25,000 to €30,000
- Tangible fixed assets +€1,802
up €1,802 (+162%), from €1,109 to €2,910
- Reserves +€64,000
up €64,000 (+640%), from €10,000 to €74,000
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€9,785
down €9,785 (-45.0%), from €21,732 to €11,947
- Gross operating margin +€22,721
up €22,721 (+31.4%), from €72,311 to €95,032
- Taxes +€11,090
up €11,090 (+53.6%), from €20,701 to €31,791
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 | €76,834 | €111,731 | +€34,897 | +45.4% |
| Fixed assets | 21/28 | €1,309 | €3,110 | +€1,802 | +138% |
| Tangible fixed assets | 22/27 | €1,109 | €2,910 | +€1,802 | +162% |
| Furniture and vehicles | 24 | €1,109 | €2,910 | +€1,802 | +162% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €75,525 | €108,621 | +€33,095 | +43.8% |
| Amounts receivable within one year | 40/41 | €9,374 | €21,547 | +€12,174 | +130% |
| Trade receivables | 40 | €2,149 | €7,422 | +€5,273 | +245% |
| Other amounts receivable | 41 | €7,225 | €14,125 | +€6,900 | +95.5% |
| Current investments | 50/53 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €40,399 | €56,822 | +€16,423 | +40.7% |
| Deferred charges and accrued income | 490/1 | €753 | €252 | -€501 | -66.6% |
| Total equity and liabilities | 10/49 | €76,834 | €111,731 | +€34,897 | +45.4% |
| Equity | 10/15 | €29,266 | €93,729 | +€64,463 | +220% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,000 | €74,000 | +€64,000 | +640% |
| Distributable reserves | 133 | €10,000 | €74,000 | +€64,000 | +640% |
| Profit (loss) carried forward | 14 | €674 | €1,137 | +€463 | +68.7% |
| Amounts payable | 17/49 | €47,568 | €18,002 | -€29,566 | -62.2% |
| Amounts payable within one year | 42/48 | €47,563 | €17,991 | -€29,573 | -62.2% |
| Trade debts | 44 | €5,831 | €6,043 | +€212 | +3.6% |
| Suppliers | 440/4 | €5,831 | €6,043 | +€212 | +3.6% |
| Taxes, remuneration and social security | 45 | €21,732 | €11,947 | -€9,785 | -45.0% |
| Taxes | 450/3 | €21,732 | €11,947 | -€9,785 | -45.0% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €5 | €12 | +€7 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €747 | +€126 | +20.3% |
| Other operating charges | 640/8 | €669 | €756 | +€87 | +12.9% |
| Gross operating margin | 9900 | €72,311 | €95,032 | +€22,721 | +31.4% |
| Operating profit (loss) | 9901 | €71,021 | €93,529 | +€22,508 | +31.7% |
| Financial income | 75/76B | €3,113 | €2,815 | -€298 | -9.6% |
| Recurring financial income | 75 | €3,113 | €2,755 | -€358 | -11.5% |
| Non-recurring financial income | 76B | - | €60 | +€60 | |
| Financial charges | 65/66B | €309 | €90 | -€219 | -70.9% |
| Recurring financial charges | 65 | €160 | €90 | -€70 | -43.7% |
| Non-recurring financial charges | 66B | €149 | - | -€149 | |
| Profit (loss) for the period before taxes | 9903 | €73,825 | €96,254 | +€22,429 | +30.4% |
| Income taxes | 67/77 | €20,701 | €31,791 | +€11,090 | +53.6% |
| Profit (loss) for the period | 9904 | €53,123 | €64,463 | +€11,340 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,123 | €64,463 | +€11,340 | +21.3% |
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 25 October 2026 via checked.be.