R TWO C: 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 TWO C
Largest movements
- Cash +€8,816
up €8,816 (+23.8%), from €36,993 to €45,809
mainly Net result for the year (+€28,558) and Depreciation (+€857)
- Receivables within one year +€3,972
up €3,972 (+50.5%), from €7,865 to €11,837
- Reserves +€28,558
up €28,558 (+379%), from €7,541 to €36,098
- Other debts -€14,207
down €14,207 (-79.7%), from €17,824 to €3,617
- Tax, wage and social debts -€1,637
down €1,637 (-13.7%), from €11,923 to €10,286
- Gross operating margin +€6,176
up €6,176 (+18.2%), from €33,925 to €40,100
- Taxes +€1,047
up €1,047 (+15.4%), from €6,800 to €7,847
- Financial charges +€584
up €584 (+53.2%), from €1,097 to €1,681
- Depreciation +€537
up €537 (+168%), from €319 to €857
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 | €48,446 | €61,185 | +€12,739 | +26.3% |
| Fixed assets | 21/28 | €2,907 | €2,834 | -€72 | -2.5% |
| Tangible fixed assets | 22/27 | €2,907 | €2,834 | -€72 | -2.5% |
| Plant, machinery and equipment | 23 | €2,169 | €1,695 | -€474 | -21.9% |
| Furniture and vehicles | 24 | €738 | €1,140 | +€402 | +54.5% |
| Current assets | 29/58 | €45,540 | €58,351 | +€12,811 | +28.1% |
| Amounts receivable within one year | 40/41 | €7,865 | €11,837 | +€3,972 | +50.5% |
| Trade receivables | 40 | €7,865 | €11,837 | +€3,972 | +50.5% |
| Cash at bank and in hand | 54/58 | €36,993 | €45,809 | +€8,816 | +23.8% |
| Deferred charges and accrued income | 490/1 | €681 | €705 | +€24 | +3.5% |
| Total equity and liabilities | 10/49 | €48,446 | €61,185 | +€12,739 | +26.3% |
| Equity | 10/15 | €17,541 | €46,098 | +€28,558 | +163% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,541 | €36,098 | +€28,558 | +379% |
| Distributable reserves | 133 | €7,541 | €36,098 | +€28,558 | +379% |
| Amounts payable | 17/49 | €30,906 | €15,087 | -€15,819 | -51.2% |
| Amounts payable within one year | 42/48 | €30,906 | €15,087 | -€15,819 | -51.2% |
| Trade debts | 44 | €1,159 | €1,184 | +€25 | +2.2% |
| Suppliers | 440/4 | €1,159 | €1,184 | +€25 | +2.2% |
| Taxes, remuneration and social security | 45 | €11,923 | €10,286 | -€1,637 | -13.7% |
| Taxes | 450/3 | €11,923 | €10,286 | -€1,637 | -13.7% |
| Other amounts payable | 47/48 | €17,824 | €3,617 | -€14,207 | -79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €857 | +€537 | +168% |
| Other operating charges | 640/8 | €1,184 | €1,192 | +€8 | +0.7% |
| Non-recurring operating charges | 66A | €1,983 | - | -€1,983 | |
| Gross operating margin | 9900 | €33,925 | €40,100 | +€6,176 | +18.2% |
| Operating profit (loss) | 9901 | €30,438 | €38,051 | +€7,613 | +25.0% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €1,097 | €1,681 | +€584 | +53.2% |
| Recurring financial charges | 65 | €1,097 | €1,681 | +€584 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €29,341 | €36,405 | +€7,064 | +24.1% |
| Income taxes | 67/77 | €6,800 | €7,847 | +€1,047 | +15.4% |
| Profit (loss) for the period | 9904 | €22,541 | €28,558 | +€6,017 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,541 | €28,558 | +€6,017 | +26.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.