R&L FORCE: 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&L FORCE
Largest movements
- Receivables within one year -€83,653
down €83,653 (-68.1%), from €122,878 to €39,225
of which Trade receivables: -€77,314
- Tangible fixed assets -€67,658
down €67,658 (-23.8%), from €284,218 to €216,560
of which Land and buildings: -€52,898
- Cash +€63,371
up €63,371 (+57.0%), from €111,104 to €174,475
mainly Receivables within one year (+€83,653) and Depreciation (+€81,692)
- Trade debts -€41,410
down €41,410 (-75.6%), from €54,800 to €13,390
- Debts after one year -€33,971
down €33,971 (-61.3%), from €55,428 to €21,457
of which Other amounts payable: -€40,428
- Advances received -€9,693
down €9,693 (-100.0%), from €9,693 to €0
- Current portion of long-term debt -€8,631
down €8,631 (-20.3%), from €42,601 to €33,971
- Other operating charges -€22,987
down €22,987 (-80.1%), from €28,704 to €5,717
- Depreciation +€9,719
up €9,719 (+13.5%), from €71,973 to €81,692
- Taxes +€7,328
up €7,328 (+94.0%), from €7,795 to €15,123
- Staff costs -€2,594
down €2,594 (-6.5%), from €39,978 to €37,384
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
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 | €542,634 | €455,974 | -€86,660 | -16.0% |
| Fixed assets | 21/28 | €284,218 | €216,560 | -€67,658 | -23.8% |
| Tangible fixed assets | 22/27 | €284,218 | €216,560 | -€67,658 | -23.8% |
| Land and buildings | 22 | €113,880 | €60,982 | -€52,898 | -46.5% |
| Plant, machinery and equipment | 23 | €21,406 | €33,109 | +€11,704 | +54.7% |
| Furniture and vehicles | 24 | €148,932 | €122,469 | -€26,463 | -17.8% |
| Current assets | 29/58 | €258,416 | €239,414 | -€19,002 | -7.4% |
| Stocks and contracts in progress | 3 | €24,434 | €25,714 | +€1,280 | +5.2% |
| Stocks | 30/36 | €24,434 | €25,714 | +€1,280 | +5.2% |
| Amounts receivable within one year | 40/41 | €122,878 | €39,225 | -€83,653 | -68.1% |
| Trade receivables | 40 | €115,214 | €37,900 | -€77,314 | -67.1% |
| Other amounts receivable | 41 | €7,664 | €1,325 | -€6,339 | -82.7% |
| Cash at bank and in hand | 54/58 | €111,104 | €174,475 | +€63,371 | +57.0% |
| Total equity and liabilities | 10/49 | €542,634 | €455,974 | -€86,660 | -16.0% |
| Equity | 10/15 | €180,001 | €183,095 | +€3,094 | +1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €161,451 | €164,545 | +€3,094 | +1.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €159,596 | €162,690 | +€3,094 | +1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €362,633 | €272,878 | -€89,754 | -24.8% |
| Amounts payable after more than one year | 17 | €55,428 | €21,457 | -€33,971 | -61.3% |
| Financial debts | 170/4 | €15,000 | €21,457 | +€6,457 | +43.0% |
| Other amounts payable | 178/9 | €40,428 | €0 | -€40,428 | -100.0% |
| Amounts payable within one year | 42/48 | €307,205 | €251,421 | -€55,784 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €42,601 | €33,971 | -€8,631 | -20.3% |
| Trade debts | 44 | €54,800 | €13,390 | -€41,410 | -75.6% |
| Suppliers | 440/4 | €54,800 | €13,390 | -€41,410 | -75.6% |
| Advances received on contracts in progress | 46 | €9,693 | €0 | -€9,693 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,367 | €12,830 | -€537 | -4.0% |
| Taxes | 450/3 | €9,643 | €7,809 | -€1,833 | -19.0% |
| Remuneration and social security | 454/9 | €3,725 | €5,021 | +€1,297 | +34.8% |
| Other amounts payable | 47/48 | €186,744 | €191,231 | +€4,487 | +2.4% |
| Non-recurring operating income | 76A | €7,766 | €0 | -€7,766 | -100.0% |
| Remuneration, social security and pensions | 62 | €39,978 | €37,384 | -€2,594 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,973 | €81,692 | +€9,719 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €399 | €0 | -€399 | -100.0% |
| Other operating charges | 640/8 | €28,704 | €5,717 | -€22,987 | -80.1% |
| Non-recurring operating charges | 66A | €7,512 | €2,789 | -€4,723 | -62.9% |
| Gross operating margin | 9900 | €178,321 | €178,962 | +€641 | +0.4% |
| Operating profit (loss) | 9901 | €29,755 | €51,379 | +€21,624 | +72.7% |
| Financial income | 75/76B | €11 | €19 | +€8 | +71.5% |
| Recurring financial income | 75 | €11 | €19 | +€8 | +71.5% |
| Financial charges | 65/66B | €3,915 | €3,977 | +€62 | +1.6% |
| Recurring financial charges | 65 | €3,915 | €3,977 | +€62 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €25,851 | €47,421 | +€21,570 | +83.4% |
| Income taxes | 67/77 | €7,795 | €15,123 | +€7,328 | +94.0% |
| Profit (loss) for the period | 9904 | €18,056 | €32,299 | +€14,243 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,056 | €32,299 | +€14,243 | +78.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.