R&V: 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&V
Largest movements
- Tangible fixed assets +€34,086
up €34,086 (+2344.8%), from €1,454 to €35,540
of which Furniture and vehicles: +€33,666
- Cash +€13,970
up €13,970 (+197.6%), from €7,069 to €21,039
mainly Other debts (+€26,485) and Net result for the year (+€9,532)
- Receivables within one year -€5,271
no longer reported in 2025 (was €5,271)
- Deferred charges and accrued income +€689
new in 2025: €689
- Other debts +€26,485
up €26,485 (+526.8%), from €5,028 to €31,512
- Reserves +€9,532
up €9,532 (+447.9%), from €2,128 to €11,660
- Tax, wage and social debts +€7,025
up €7,025 (+162.4%), from €4,325 to €11,350
- Gross operating margin +€13,313
up €13,313 (+131.4%), from €10,129 to €23,442
- Depreciation +€7,160
up €7,160 (+44580.8%), from €16 to €7,176
- Taxes +€4,308
up €4,308 (+398.0%), from €1,082 to €5,391
- Other operating charges +€1,175
up €1,175 (+932.8%), from €126 to €1,301
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.
Cash bridge derived
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 | €13,793 | €57,268 | +€43,475 | +315.2% |
| Fixed assets | 21/28 | €1,454 | €35,540 | +€34,086 | +2344.8% |
| Tangible fixed assets | 22/27 | €1,454 | €35,540 | +€34,086 | +2344.8% |
| Plant, machinery and equipment | 23 | €1,454 | €1,874 | +€421 | +28.9% |
| Furniture and vehicles | 24 | - | €33,666 | +€33,666 | |
| Current assets | 29/58 | €12,340 | €21,728 | +€9,388 | +76.1% |
| Amounts receivable within one year | 40/41 | €5,271 | - | -€5,271 | |
| Trade receivables | 40 | €5,271 | - | -€5,271 | |
| Cash at bank and in hand | 54/58 | €7,069 | €21,039 | +€13,970 | +197.6% |
| Deferred charges and accrued income | 490/1 | - | €689 | +€689 | |
| Total equity and liabilities | 10/49 | €13,793 | €57,268 | +€43,475 | +315.2% |
| Equity | 10/15 | €4,128 | €13,660 | +€9,532 | +230.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,128 | €11,660 | +€9,532 | +447.9% |
| Distributable reserves | 133 | €2,128 | €11,660 | +€9,532 | +447.9% |
| Amounts payable | 17/49 | €9,665 | €43,608 | +€33,943 | +351.2% |
| Amounts payable within one year | 42/48 | €9,665 | €43,608 | +€33,943 | +351.2% |
| Trade debts | 44 | €313 | €746 | +€433 | +138.3% |
| Suppliers | 440/4 | €313 | €746 | +€433 | +138.3% |
| Taxes, remuneration and social security | 45 | €4,325 | €11,350 | +€7,025 | +162.4% |
| Taxes | 450/3 | €4,325 | €11,350 | +€7,025 | +162.4% |
| Other amounts payable | 47/48 | €5,028 | €31,512 | +€26,485 | +526.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16 | €7,176 | +€7,160 | +44580.8% |
| Other operating charges | 640/8 | €126 | €1,301 | +€1,175 | +932.8% |
| Gross operating margin | 9900 | €10,129 | €23,442 | +€13,313 | +131.4% |
| Operating profit (loss) | 9901 | €9,987 | €14,965 | +€4,978 | +49.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €50 | €45 | -€5 | -10.2% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €9,937 | €14,923 | +€4,985 | +50.2% |
| Income taxes | 67/77 | €1,082 | €5,391 | +€4,308 | +398.0% |
| Profit (loss) for the period | 9904 | €8,855 | €9,532 | +€677 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,855 | €9,532 | +€677 | +7.6% |
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 12 October 2026 via checked.be.