R&O PARTNERS: what changed
What changed
R&O PARTNERS
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€105,849
2024 · €54,795+€51,054
Equity
€77,267
2024 · €130,396-€53,129
Cash
€84,318
2024 · €112,576-€28,258
Balance sheet total
€583,466
2024 · €475,463+€108,003
Largest movements
Assets
- Stocks and contracts +€173,712
up €173,712 (+76.7%), from €226,472 to €400,184
- Receivables within one year -€39,045
down €39,045 (-34.7%), from €112,386 to €73,340
of which Trade receivables: -€41,175
- Cash -€28,258
down €28,258 (-25.1%), from €112,576 to €84,318
mainly Stocks and contracts (-€173,712) and Contributions, distributions and other (-€158,978)
Equity and liabilities
- Other debts +€187,872
up €187,872 (+80.7%), from €232,754 to €420,626
- Profit (loss) carried forward -€53,129
no longer reported in 2025 (was €53,129)
- Trade debts -€29,127
down €29,127 (-39.6%), from €73,566 to €44,439
- Advances received +€6,513
up €6,513 (+52.6%), from €12,379 to €18,892
Income statement
- Gross operating margin +€65,055
up €65,055 (+113%), from €57,777 to €122,831
- Taxes +€15,904
up €15,904 (+101%), from €15,770 to €31,674
- Financial income +€1,871
up €1,871 (+7.3%), from €25,644 to €27,514
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,795
Gross operating margin
+€65,055
Depreciation
-€332
Other operating charges
+€25
Financial income
+€1,871
Financial charges
+€340
Taxes
-€15,904
Result 2025
€105,849
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€137,300
Investment
-€6,580
Financing
-€158,978
Cash 2024
€112,576
From operations (derived)
+€137,300
Net result for the year
+€105,849
Depreciation
+€5,717
Stocks and contracts
-€173,712
Receivables within one year
+€39,045
Deferred charges and accrued income
-€732
Trade debts
-€29,127
Tax, wage and social debts
-€4,126
Advances received
+€6,513
Other debts
+€187,872
Investment (derived)
-€6,580
Investment in fixed assets (net)
-€6,580
Financing
-€158,978
Contributions, distributions and other
-€158,978
Cash 2025
€84,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €475,463 | €583,466 | +€108,003 | +22.7% |
| Fixed assets | 21/28 | €22,545 | €23,408 | +€863 | +3.8% |
| Tangible fixed assets | 22/27 | €17,783 | €18,646 | +€863 | +4.9% |
| Plant, machinery and equipment | 23 | €4,480 | €2,877 | -€1,604 | -35.8% |
| Furniture and vehicles | 24 | €9,579 | €12,711 | +€3,132 | +32.7% |
| Other tangible fixed assets | 26 | €3,724 | €3,058 | -€665 | -17.9% |
| Financial fixed assets | 28 | €4,761 | €4,761 | = | 0.0% |
| Current assets | 29/58 | €452,919 | €560,059 | +€107,140 | +23.7% |
| Stocks and contracts in progress | 3 | €226,472 | €400,184 | +€173,712 | +76.7% |
| Stocks | 30/36 | €226,472 | €400,184 | +€173,712 | +76.7% |
| Amounts receivable within one year | 40/41 | €112,386 | €73,340 | -€39,045 | -34.7% |
| Trade receivables | 40 | €108,156 | €66,981 | -€41,175 | -38.1% |
| Other amounts receivable | 41 | €4,230 | €6,360 | +€2,130 | +50.3% |
| Cash at bank and in hand | 54/58 | €112,576 | €84,318 | -€28,258 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,485 | €2,216 | +€732 | +49.3% |
| Total equity and liabilities | 10/49 | €475,463 | €583,466 | +€108,003 | +22.7% |
| Equity | 10/15 | €130,396 | €77,267 | -€53,129 | -40.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €57,267 | €57,267 | = | 0.0% |
| Distributable reserves | 133 | €57,267 | €57,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,129 | - | -€53,129 | |
| Amounts payable | 17/49 | €345,067 | €506,199 | +€161,132 | +46.7% |
| Amounts payable within one year | 42/48 | €345,067 | €506,199 | +€161,132 | +46.7% |
| Trade debts | 44 | €73,566 | €44,439 | -€29,127 | -39.6% |
| Suppliers | 440/4 | €73,566 | €44,439 | -€29,127 | -39.6% |
| Advances received on contracts in progress | 46 | €12,379 | €18,892 | +€6,513 | +52.6% |
| Taxes, remuneration and social security | 45 | €26,368 | €22,242 | -€4,126 | -15.6% |
| Taxes | 450/3 | €23,362 | €16,633 | -€6,729 | -28.8% |
| Remuneration and social security | 454/9 | €3,006 | €5,609 | +€2,603 | +86.6% |
| Other amounts payable | 47/48 | €232,754 | €420,626 | +€187,872 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,385 | €5,717 | +€332 | +6.2% |
| Other operating charges | 640/8 | €2,857 | €2,832 | -€25 | -0.9% |
| Gross operating margin | 9900 | €57,777 | €122,831 | +€65,055 | +113% |
| Operating profit (loss) | 9901 | €49,535 | €114,282 | +€64,747 | +131% |
| Financial income | 75/76B | €25,644 | €27,514 | +€1,871 | +7.3% |
| Recurring financial income | 75 | €25,644 | €27,514 | +€1,871 | +7.3% |
| Financial charges | 65/66B | €4,614 | €4,273 | -€340 | -7.4% |
| Recurring financial charges | 65 | €4,614 | €4,273 | -€340 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €70,565 | €137,523 | +€66,958 | +94.9% |
| Income taxes | 67/77 | €15,770 | €31,674 | +€15,904 | +101% |
| Profit (loss) for the period | 9904 | €54,795 | €105,849 | +€51,054 | +93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,795 | €105,849 | +€51,054 | +93.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.