R&L MANAGEMENT: 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 MANAGEMENT
Largest movements
- Deferred charges and accrued income +€5,497
up €5,497 (+631%), from €871 to €6,369
- Receivables within one year +€2,787
up €2,787 (+74.0%), from €3,768 to €6,556
of which Other amounts receivable: +€1,894
- Tangible fixed assets +€1,762
new in 2025: €1,762
- Stocks and contracts +€1,474
up €1,474 (+27.5%), from €5,360 to €6,834
- Profit (loss) carried forward +€7,406
up €7,406 (+9.2%), from -€80,794 to -€73,388
- Trade debts +€6,224
up €6,224 (+67.5%), from €9,216 to €15,440
- Other debts -€1,886
down €1,886 (-78.0%), from €2,416 to €531
- Gross operating margin -€29,584
down €29,584 (-70.9%), from €41,713 to €12,129
- Taxes -€12,092
down €12,092 (-85.2%), from €14,196 to €2,104
- Financial charges +€1,180
up €1,180 (+217%), from €544 to €1,724
- Other operating charges -€488
down €488 (-43.0%), from €1,135 to €647
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 | €14,931 | €26,718 | +€11,787 | +78.9% |
| Fixed assets | 21/28 | - | €1,762 | +€1,762 | |
| Tangible fixed assets | 22/27 | - | €1,762 | +€1,762 | |
| Plant, machinery and equipment | 23 | - | €1,762 | +€1,762 | |
| Current assets | 29/58 | €14,931 | €24,956 | +€10,025 | +67.1% |
| Stocks and contracts in progress | 3 | €5,360 | €6,834 | +€1,474 | +27.5% |
| Stocks | 30/36 | €5,360 | €6,834 | +€1,474 | +27.5% |
| Amounts receivable within one year | 40/41 | €3,768 | €6,556 | +€2,787 | +74.0% |
| Trade receivables | 40 | €3,766 | €4,660 | +€894 | +23.7% |
| Other amounts receivable | 41 | €2 | €1,896 | +€1,894 | +102,928% |
| Cash at bank and in hand | 54/58 | €4,931 | €5,198 | +€267 | +5.4% |
| Deferred charges and accrued income | 490/1 | €871 | €6,369 | +€5,497 | +631% |
| Total equity and liabilities | 10/49 | €14,931 | €26,718 | +€11,787 | +78.9% |
| Equity | 10/15 | -€52,767 | -€45,362 | +€7,406 | +14.0% |
| Contributions | 10/11 | €24,915 | €24,915 | = | 0.0% |
| Reserves | 13 | €3,112 | €3,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,112 | €3,112 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,112 | €3,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,794 | -€73,388 | +€7,406 | +9.2% |
| Amounts payable | 17/49 | €67,698 | €72,080 | +€4,381 | +6.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,698 | €22,080 | +€4,381 | +24.8% |
| Trade debts | 44 | €9,216 | €15,440 | +€6,224 | +67.5% |
| Suppliers | 440/4 | €9,216 | €15,440 | +€6,224 | +67.5% |
| Taxes, remuneration and social security | 45 | €6,066 | €6,109 | +€43 | +0.7% |
| Taxes | 450/3 | €4,662 | €4,143 | -€520 | -11.1% |
| Remuneration and social security | 454/9 | €1,404 | €1,966 | +€562 | +40.1% |
| Other amounts payable | 47/48 | €2,416 | €531 | -€1,886 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €277 | +€277 | |
| Other operating charges | 640/8 | €1,135 | €647 | -€488 | -43.0% |
| Gross operating margin | 9900 | €41,713 | €12,129 | -€29,584 | -70.9% |
| Operating profit (loss) | 9901 | €40,578 | €11,205 | -€29,373 | -72.4% |
| Financial income | 75/76B | €5 | €29 | +€25 | +515% |
| Recurring financial income | 75 | €5 | €29 | +€25 | +515% |
| Financial charges | 65/66B | €544 | €1,724 | +€1,180 | +217% |
| Recurring financial charges | 65 | €544 | €1,724 | +€1,180 | +217% |
| Profit (loss) for the period before taxes | 9903 | €40,039 | €9,510 | -€30,529 | -76.2% |
| Income taxes | 67/77 | €14,196 | €2,104 | -€12,092 | -85.2% |
| Profit (loss) for the period | 9904 | €25,843 | €7,406 | -€18,437 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,843 | €7,406 | -€18,437 | -71.3% |
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 28 October 2026 via checked.be.