R & R PARTNERS: 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 & R PARTNERS
Largest movements
- Receivables within one year +€161,732
up €161,732 (+258%), from €62,580 to €224,312
of which Trade receivables: +€166,525
- Cash +€97,069
up €97,069 (+1,011%), from €9,601 to €106,670
mainly Debts after one year (+€226,219) and Net result for the year (+€68,359)
- Tangible fixed assets +€42,796
up €42,796 (+10.3%), from €414,595 to €457,391
of which Land and buildings: +€42,796
- Debts after one year +€226,219
new in 2025: €226,219
- Profit (loss) carried forward +€71,916
up €71,916 (+21.4%), from €335,874 to €407,790
- Gross operating margin -€7,950
down €7,950 (-6.4%), from €125,070 to €117,119
- Taxes -€1,816
down €1,816 (-9.2%), from €19,795 to €17,979
- Financial charges -€1,686
down €1,686 (-35.6%), from €4,734 to €3,048
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 | €609,211 | €910,809 | +€301,598 | +49.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €537,030 | €579,827 | +€42,796 | +8.0% |
| Tangible fixed assets | 22/27 | €414,595 | €457,391 | +€42,796 | +10.3% |
| Land and buildings | 22 | €414,595 | €457,391 | +€42,796 | +10.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €122,435 | €122,435 | = | 0.0% |
| Current assets | 29/58 | €72,181 | €330,982 | +€258,801 | +359% |
| Amounts receivable within one year | 40/41 | €62,580 | €224,312 | +€161,732 | +258% |
| Trade receivables | 40 | €29,751 | €196,276 | +€166,525 | +560% |
| Other amounts receivable | 41 | €32,829 | €28,036 | -€4,793 | -14.6% |
| Cash at bank and in hand | 54/58 | €9,601 | €106,670 | +€97,069 | +1,011% |
| Total equity and liabilities | 10/49 | €609,211 | €910,809 | +€301,598 | +49.5% |
| Equity | 10/15 | €522,614 | €590,973 | +€68,359 | +13.1% |
| Contributions | 10/11 | €155,072 | €155,072 | = | 0.0% |
| Reserves | 13 | €31,667 | €28,111 | -€3,557 | -11.2% |
| Non-distributable reserves | 130/1 | €13,885 | €13,885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,885 | €13,885 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,783 | €14,226 | -€3,557 | -20.0% |
| Profit (loss) carried forward | 14 | €335,874 | €407,790 | +€71,916 | +21.4% |
| Provisions and deferred taxes | 16 | €9,157 | €7,325 | -€1,831 | -20.0% |
| Deferred taxes | 168 | €9,157 | €7,325 | -€1,831 | -20.0% |
| Amounts payable | 17/49 | €77,441 | €312,510 | +€235,070 | +304% |
| Amounts payable after more than one year | 17 | - | €226,219 | +€226,219 | |
| Financial debts | 170/4 | - | €226,219 | +€226,219 | |
| Amounts payable within one year | 42/48 | €77,441 | €86,109 | +€8,668 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €50,568 | €58,005 | +€7,436 | +14.7% |
| Trade debts | 44 | €1,500 | €1,697 | +€197 | +13.2% |
| Suppliers | 440/4 | €1,500 | €1,697 | +€197 | +13.2% |
| Taxes, remuneration and social security | 45 | €25,372 | €26,406 | +€1,034 | +4.1% |
| Taxes | 450/3 | €25,372 | €26,406 | +€1,034 | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €183 | +€183 | |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,027 | €29,165 | +€138 | +0.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €125,070 | €117,119 | -€7,950 | -6.4% |
| Operating profit (loss) | 9901 | €95,655 | €87,555 | -€8,101 | -8.5% |
| Financial charges | 65/66B | €4,734 | €3,048 | -€1,686 | -35.6% |
| Recurring financial charges | 65 | €4,734 | €3,048 | -€1,686 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €90,921 | €84,507 | -€6,415 | -7.1% |
| Transfer from deferred taxes | 780 | €1,831 | €1,831 | = | 0.0% |
| Income taxes | 67/77 | €19,795 | €17,979 | -€1,816 | -9.2% |
| Profit (loss) for the period | 9904 | €72,957 | €68,359 | -€4,598 | -6.3% |
| Transfer from tax-exempt reserves | 789 | €3,557 | €3,557 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,514 | €71,916 | -€4,598 | -6.0% |
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 1 November 2026 via checked.be.