R.O.: 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.O.
Largest movements
- Tangible fixed assets -€30,020
down €30,020 (-95.4%), from €31,454 to €1,434
of which Furniture and vehicles: -€29,549
- Receivables within one year +€6,473
new in 2025: €6,473
- Other debts -€41,430
down €41,430 (-11.8%), from €351,909 to €310,479
- Reserves +€25,920
up €25,920 (+85.8%), from €30,226 to €56,146
- Tax, wage and social debts -€14,375
down €14,375 (-77.9%), from €18,448 to €4,073
- Gross operating margin +€7,778
up €7,778 (+16.3%), from €47,726 to €55,504
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 | €593,190 | €565,811 | -€27,379 | -4.6% |
| Fixed assets | 21/28 | €564,670 | €534,650 | -€30,020 | -5.3% |
| Tangible fixed assets | 22/27 | €31,454 | €1,434 | -€30,020 | -95.4% |
| Furniture and vehicles | 24 | €29,549 | - | -€29,549 | |
| Other tangible fixed assets | 26 | €1,905 | €1,434 | -€471 | -24.7% |
| Financial fixed assets | 28 | €533,216 | €533,216 | = | 0.0% |
| Current assets | 29/58 | €28,520 | €31,161 | +€2,641 | +9.3% |
| Amounts receivable within one year | 40/41 | - | €6,473 | +€6,473 | |
| Trade receivables | 40 | - | €6,473 | +€6,473 | |
| Current investments | 50/53 | €21,397 | €18,688 | -€2,709 | -12.7% |
| Cash at bank and in hand | 54/58 | €7,123 | €6,000 | -€1,123 | -15.8% |
| Total equity and liabilities | 10/49 | €593,190 | €565,811 | -€27,379 | -4.6% |
| Equity | 10/15 | €222,796 | €248,716 | +€25,920 | +11.6% |
| Contributions | 10/11 | €20,625 | €20,625 | = | 0.0% |
| Reserves | 13 | €30,226 | €56,146 | +€25,920 | +85.8% |
| Distributable reserves | 133 | €30,226 | €56,146 | +€25,920 | +85.8% |
| Profit (loss) carried forward | 14 | €171,945 | €171,945 | = | 0.0% |
| Amounts payable | 17/49 | €370,394 | €317,095 | -€53,299 | -14.4% |
| Amounts payable within one year | 42/48 | €370,394 | €317,095 | -€53,299 | -14.4% |
| Trade debts | 44 | €37 | €2,543 | +€2,506 | +6,773% |
| Suppliers | 440/4 | €37 | €2,543 | +€2,506 | +6,773% |
| Taxes, remuneration and social security | 45 | €18,448 | €4,073 | -€14,375 | -77.9% |
| Taxes | 450/3 | €18,448 | €4,073 | -€14,375 | -77.9% |
| Other amounts payable | 47/48 | €351,909 | €310,479 | -€41,430 | -11.8% |
| Non-recurring operating income | 76A | - | €24,171 | +€24,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €471 | = | 0.0% |
| Other operating charges | 640/8 | €846 | €375 | -€471 | -55.7% |
| Non-recurring operating charges | 66A | - | €12,950 | +€12,950 | |
| Gross operating margin | 9900 | €47,726 | €55,504 | +€7,778 | +16.3% |
| Operating profit (loss) | 9901 | €46,409 | €41,708 | -€4,701 | -10.1% |
| Financial income | 75/76B | €85 | €91 | +€6 | +7.1% |
| Recurring financial income | 75 | €85 | €91 | +€6 | +7.1% |
| Financial charges | 65/66B | €774 | €751 | -€23 | -3.0% |
| Recurring financial charges | 65 | €774 | €751 | -€23 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €45,720 | €41,048 | -€4,672 | -10.2% |
| Income taxes | 67/77 | €15,494 | €15,128 | -€366 | -2.4% |
| Profit (loss) for the period | 9904 | €30,226 | €25,920 | -€4,306 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,226 | €25,920 | -€4,306 | -14.2% |
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.