R-TOWN: 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-TOWN
Largest movements
- Stocks and contracts -€75,403
down €75,403 (-78.3%), from €96,350 to €20,947
- Receivables within one year +€13,950
up €13,950 (+307%), from €4,547 to €18,497
of which Trade receivables: +€18,490
- Deferred charges and accrued income -€1,106
down €1,106 (-100%), from €1,106 to €0
- Tangible fixed assets -€1,059
down €1,059 (-44.5%), from €2,379 to €1,320
- Short-term financial debts -€34,262
down €34,262 (-51.8%), from €66,130 to €31,868
- Other debts -€30,400
down €30,400 (-89.6%), from €33,924 to €3,524
- Tax, wage and social debts +€2,144
up €2,144, from €0 to €2,144
- Profit (loss) carried forward -€1,254
down €1,254, from €366 to -€888
- Gross operating margin +€3,743
up €3,743 (+158%), from €2,364 to €6,106
- Other operating charges +€2,446
up €2,446, from €0 to €2,446
- Financial charges +€402
up €402 (+11.7%), from €3,452 to €3,855
- Depreciation +€268
up €268 (+33.9%), from €791 to €1,059
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,381 | €40,764 | -€63,617 | -60.9% |
| Fixed assets | 21/28 | €2,379 | €1,320 | -€1,059 | -44.5% |
| Tangible fixed assets | 22/27 | €2,379 | €1,320 | -€1,059 | -44.5% |
| Furniture and vehicles | 24 | €2,379 | €1,320 | -€1,059 | -44.5% |
| Current assets | 29/58 | €102,002 | €39,444 | -€62,558 | -61.3% |
| Stocks and contracts in progress | 3 | €96,350 | €20,947 | -€75,403 | -78.3% |
| Stocks | 30/36 | €96,350 | €20,947 | -€75,403 | -78.3% |
| Amounts receivable within one year | 40/41 | €4,547 | €18,497 | +€13,950 | +307% |
| Trade receivables | 40 | €0 | €18,490 | +€18,490 | |
| Other amounts receivable | 41 | €4,547 | €7 | -€4,540 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,106 | €0 | -€1,106 | -100% |
| Total equity and liabilities | 10/49 | €104,381 | €40,764 | -€63,617 | -60.9% |
| Equity | 10/15 | €3,366 | €2,112 | -€1,254 | -37.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366 | -€888 | -€1,254 | |
| Amounts payable | 17/49 | €101,016 | €38,652 | -€62,364 | -61.7% |
| Amounts payable within one year | 42/48 | €100,054 | €37,770 | -€62,284 | -62.3% |
| Financial debts | 43 | €66,130 | €31,868 | -€34,262 | -51.8% |
| Credit institutions | 430/8 | €66,130 | €31,868 | -€34,262 | -51.8% |
| Trade debts | 44 | €0 | €233 | +€233 | |
| Suppliers | 440/4 | €0 | €233 | +€233 | |
| Taxes, remuneration and social security | 45 | €0 | €2,144 | +€2,144 | |
| Taxes | 450/3 | €0 | €2,144 | +€2,144 | |
| Other amounts payable | 47/48 | €33,924 | €3,524 | -€30,400 | -89.6% |
| Accrued charges and deferred income | 492/3 | €962 | €882 | -€79 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €1,059 | +€268 | +33.9% |
| Other operating charges | 640/8 | €0 | €2,446 | +€2,446 | |
| Gross operating margin | 9900 | €2,364 | €6,106 | +€3,743 | +158% |
| Operating profit (loss) | 9901 | €1,572 | €2,601 | +€1,028 | +65.4% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €3,452 | €3,855 | +€402 | +11.7% |
| Recurring financial charges | 65 | €3,452 | €3,855 | +€402 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,874 | -€1,254 | +€621 | +33.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,874 | -€1,254 | +€621 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,874 | -€1,254 | +€621 | +33.1% |
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 13 October 2026 via checked.be.