R-R-T: what changed
R-R-T
Largest movements
- Tangible fixed assets +€18,191
up €18,191 (+1,005%), from €1,810 to €20,001
of which Furniture and vehicles: +€19,606
- Cash -€5,981
down €5,981 (-6.1%), from €98,661 to €92,680
mainly Investment in fixed assets (net) (-€26,232) and Tax, wage and social debts (-€17,765)
- Receivables within one year -€1,963
down €1,963 (-10.3%), from €19,009 to €17,045
of which Trade receivables: -€2,616
- Tax, wage and social debts -€17,765
down €17,765 (-75.8%), from €23,449 to €5,684
- Accrued charges and deferred income +€16,328
up €16,328 (+86.2%), from €18,944 to €35,271
- Reserves +€9,696
up €9,696 (+16.0%), from €60,528 to €70,224
- Other debts +€3,200
up €3,200 (+41.8%), from €7,653 to €10,853
- Turnover -€210,619
no longer reported in 2025 (was €210,619)
- Purchases and services -€117,215
no longer reported in 2025 (was €117,215)
- Gross operating margin -€64,127
down €64,127 (-69.4%), from €92,353 to €28,226
- Taxes -€17,765
down €17,765 (-75.8%), from €23,449 to €5,684
- Depreciation +€5,606
up €5,606 (+230%), from €2,434 to €8,040
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,480 | €129,727 | +€10,247 | +8.6% |
| Fixed assets | 21/28 | €1,810 | €20,001 | +€18,191 | +1,005% |
| Tangible fixed assets | 22/27 | €1,810 | €20,001 | +€18,191 | +1,005% |
| Plant, machinery and equipment | 23 | €1,810 | €395 | -€1,415 | -78.2% |
| Furniture and vehicles | 24 | - | €19,606 | +€19,606 | |
| Current assets | 29/58 | €117,670 | €109,725 | -€7,944 | -6.8% |
| Amounts receivable within one year | 40/41 | €19,009 | €17,045 | -€1,963 | -10.3% |
| Trade receivables | 40 | €18,944 | €16,328 | -€2,616 | -13.8% |
| Other amounts receivable | 41 | €65 | €718 | +€653 | +1,008% |
| Cash at bank and in hand | 54/58 | €98,661 | €92,680 | -€5,981 | -6.1% |
| Total equity and liabilities | 10/49 | €119,480 | €129,727 | +€10,247 | +8.6% |
| Equity | 10/15 | €68,028 | €77,724 | +€9,696 | +14.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Contributions outside capital | 11 | €7,500 | €7,500 | = | 0.0% |
| Share premium | 1100/10 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €60,528 | €70,224 | +€9,696 | +16.0% |
| Distributable reserves | 133 | €60,528 | €70,224 | +€9,696 | +16.0% |
| Amounts payable | 17/49 | €51,452 | €52,003 | +€551 | +1.1% |
| Amounts payable within one year | 42/48 | €32,508 | €16,732 | -€15,777 | -48.5% |
| Trade debts | 44 | €1,407 | €195 | -€1,212 | -86.1% |
| Suppliers | 440/4 | €1,407 | €195 | -€1,212 | -86.1% |
| Taxes, remuneration and social security | 45 | €23,449 | €5,684 | -€17,765 | -75.8% |
| Taxes | 450/3 | €23,449 | €5,684 | -€17,765 | -75.8% |
| Other amounts payable | 47/48 | €7,653 | €10,853 | +€3,200 | +41.8% |
| Accrued charges and deferred income | 492/3 | €18,944 | €35,271 | +€16,328 | +86.2% |
| Turnover | 70 | €210,619 | - | -€210,619 | |
| Goods, raw materials, services and sundry goods | 60/61 | €117,215 | - | -€117,215 | |
| Remuneration, social security and pensions | 62 | €4,687 | €3,365 | -€1,322 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,434 | €8,040 | +€5,606 | +230% |
| Other operating charges | 640/8 | €983 | €1,219 | +€237 | +24.1% |
| Gross operating margin | 9900 | €92,353 | €28,226 | -€64,127 | -69.4% |
| Operating profit (loss) | 9901 | €84,250 | €15,602 | -€68,648 | -81.5% |
| Financial charges | 65/66B | €274 | €222 | -€52 | -18.8% |
| Recurring financial charges | 65 | €274 | €222 | -€52 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €83,976 | €15,380 | -€68,596 | -81.7% |
| Income taxes | 67/77 | €23,449 | €5,684 | -€17,765 | -75.8% |
| Profit (loss) for the period | 9904 | €60,528 | €9,696 | -€50,831 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,528 | €9,696 | -€50,831 | -84.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.