R & T POSE: 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 & T POSE
Largest movements
- Receivables within one year +€7,236
up €7,236 (+15.2%), from €47,612 to €54,849
of which Trade receivables: +€17,572
- Deferred charges and accrued income -€1,237
down €1,237 (-44.0%), from €2,809 to €1,572
- Reserves -€18,633
down €18,633 (-86.9%), from €21,438 to €2,805
of which Distributable reserves: -€18,633
- Trade debts +€10,219
up €10,219 (+1,110%), from €921 to €11,140
- Other debts +€9,468
up €9,468 (+105%), from €8,977 to €18,445
- Tax, wage and social debts +€3,972
up €3,972 (+203%), from €1,959 to €5,931
- Gross operating margin +€16,401
up €16,401 (+578%), from €2,837 to €19,237
- Other operating charges +€14,502
up €14,502 (+1,139%), from €1,274 to €15,775
- Taxes +€1,608
up €1,608 (+94.4%), from €1,704 to €3,312
- Depreciation -€267
down €267 (-52.3%), from €510 to €243
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 | €80,453 | €85,478 | +€5,026 | +6.2% |
| Fixed assets | 21/28 | €358 | €115 | -€243 | -67.9% |
| Tangible fixed assets | 22/27 | €358 | €115 | -€243 | -67.9% |
| Plant, machinery and equipment | 23 | €21 | - | -€21 | |
| Furniture and vehicles | 24 | €337 | €115 | -€222 | -65.9% |
| Current assets | 29/58 | €80,094 | €85,363 | +€5,269 | +6.6% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,612 | €54,849 | +€7,236 | +15.2% |
| Trade receivables | 40 | €12,344 | €29,916 | +€17,572 | +142% |
| Other amounts receivable | 41 | €35,268 | €24,932 | -€10,336 | -29.3% |
| Cash at bank and in hand | 54/58 | €24,673 | €23,943 | -€731 | -3.0% |
| Deferred charges and accrued income | 490/1 | €2,809 | €1,572 | -€1,237 | -44.0% |
| Total equity and liabilities | 10/49 | €80,453 | €85,478 | +€5,026 | +6.2% |
| Equity | 10/15 | €68,595 | €49,962 | -€18,633 | -27.2% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €21,438 | €2,805 | -€18,633 | -86.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,578 | €945 | -€18,633 | -95.2% |
| Profit (loss) carried forward | 14 | €33,157 | €33,157 | = | 0.0% |
| Amounts payable | 17/49 | €11,858 | €35,516 | +€23,658 | +200% |
| Amounts payable within one year | 42/48 | €11,858 | €35,516 | +€23,658 | +200% |
| Trade debts | 44 | €921 | €11,140 | +€10,219 | +1,110% |
| Suppliers | 440/4 | €921 | €11,140 | +€10,219 | +1,110% |
| Taxes, remuneration and social security | 45 | €1,959 | €5,931 | +€3,972 | +203% |
| Taxes | 450/3 | €1,959 | €5,931 | +€3,972 | +203% |
| Other amounts payable | 47/48 | €8,977 | €18,445 | +€9,468 | +105% |
| Remuneration, social security and pensions | 62 | €50 | - | -€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €243 | -€267 | -52.3% |
| Other operating charges | 640/8 | €1,274 | €15,775 | +€14,502 | +1,139% |
| Gross operating margin | 9900 | €2,837 | €19,237 | +€16,401 | +578% |
| Operating profit (loss) | 9901 | €1,003 | €3,219 | +€2,216 | +221% |
| Financial income | 75/76B | €1,515 | €1,385 | -€131 | -8.6% |
| Recurring financial income | 75 | €1,515 | €1,385 | -€131 | -8.6% |
| Financial charges | 65/66B | €272 | €346 | +€75 | +27.5% |
| Recurring financial charges | 65 | €272 | €346 | +€75 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €2,247 | €4,257 | +€2,010 | +89.5% |
| Income taxes | 67/77 | €1,704 | €3,312 | +€1,608 | +94.4% |
| Profit (loss) for the period | 9904 | €543 | €945 | +€402 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €543 | €945 | +€402 | +74.0% |
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 16 October 2026 via checked.be.