R.V.B.: what changed
Two fiscal 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.B.
Largest movements
- Cash -€64,158
down €64,158 (-87.1%), from €73,663 to €9,505
mainly Other debts (-€42,625) and Deferred charges and accrued income (-€21,917)
- Receivables within one year -€40,121
down €40,121 (-16.1%), from €248,691 to €208,570
of which Trade receivables: -€33,438
- Deferred charges and accrued income +€21,917
up €21,917 (+101.9%), from €21,500 to €43,417
- Other debts -€42,625
down €42,625 (-10.7%), from €398,472 to €355,847
- Profit (loss) carried forward -€12,932
down €12,932 (-7.1%), from -€183,400 to -€196,332
- Gross operating margin -€34,967
down €34,967 (-30.6%), from €114,202 to €79,235
- Staff costs +€18,836
up €18,836 (+34.0%), from €55,451 to €74,287
- Depreciation +€1,787
up €1,787 (+20.8%), from €8,584 to €10,371
- Financial charges +€1,384
up €1,384 (+33.1%), from €4,179 to €5,563
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 | €1,275,213 | €1,211,720 | -€63,493 | -5.0% |
| Fixed assets | 21/28 | €924,160 | €934,047 | +€9,887 | +1.1% |
| Tangible fixed assets | 22/27 | €37,334 | €47,221 | +€9,887 | +26.5% |
| Plant, machinery and equipment | 23 | €30,261 | €42,896 | +€12,635 | +41.8% |
| Furniture and vehicles | 24 | €5,356 | €3,614 | -€1,742 | -32.5% |
| Other tangible fixed assets | 26 | €1,717 | €711 | -€1,006 | -58.6% |
| Financial fixed assets | 28 | €886,826 | €886,826 | = | 0.0% |
| Current assets | 29/58 | €351,053 | €277,673 | -€73,380 | -20.9% |
| Stocks and contracts in progress | 3 | €7,199 | €16,181 | +€8,982 | +124.8% |
| Stocks | 30/36 | €7,199 | €16,181 | +€8,982 | +124.8% |
| Amounts receivable within one year | 40/41 | €248,691 | €208,570 | -€40,121 | -16.1% |
| Trade receivables | 40 | €223,683 | €190,245 | -€33,438 | -14.9% |
| Other amounts receivable | 41 | €25,008 | €18,325 | -€6,683 | -26.7% |
| Cash at bank and in hand | 54/58 | €73,663 | €9,505 | -€64,158 | -87.1% |
| Deferred charges and accrued income | 490/1 | €21,500 | €43,417 | +€21,917 | +101.9% |
| Total equity and liabilities | 10/49 | €1,275,213 | €1,211,720 | -€63,493 | -5.0% |
| Equity | 10/15 | €819,301 | €806,369 | -€12,932 | -1.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €941,201 | €941,201 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,578 | €5,578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,578 | €5,578 | = | 0.0% |
| Distributable reserves | 133 | €935,623 | €935,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,400 | -€196,332 | -€12,932 | -7.1% |
| Amounts payable | 17/49 | €455,912 | €405,351 | -€50,561 | -11.1% |
| Amounts payable within one year | 42/48 | €450,935 | €396,855 | -€54,080 | -12.0% |
| Trade debts | 44 | €51,756 | €40,708 | -€11,048 | -21.3% |
| Suppliers | 440/4 | €51,756 | €40,708 | -€11,048 | -21.3% |
| Taxes, remuneration and social security | 45 | €707 | €300 | -€407 | -57.6% |
| Taxes | 450/3 | €707 | €300 | -€407 | -57.6% |
| Other amounts payable | 47/48 | €398,472 | €355,847 | -€42,625 | -10.7% |
| Accrued charges and deferred income | 492/3 | €4,977 | €8,496 | +€3,519 | +70.7% |
| Remuneration, social security and pensions | 62 | €55,451 | €74,287 | +€18,836 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,584 | €10,371 | +€1,787 | +20.8% |
| Other operating charges | 640/8 | €2,653 | €3,009 | +€356 | +13.4% |
| Gross operating margin | 9900 | €114,202 | €79,235 | -€34,967 | -30.6% |
| Operating profit (loss) | 9901 | €47,514 | -€8,432 | -€55,946 | |
| Financial income | 75/76B | €713 | €1,363 | +€650 | +91.2% |
| Recurring financial income | 75 | €713 | €1,363 | +€650 | +91.2% |
| Financial charges | 65/66B | €4,179 | €5,563 | +€1,384 | +33.1% |
| Recurring financial charges | 65 | €4,179 | €5,563 | +€1,384 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €44,048 | -€12,632 | -€56,680 | |
| Income taxes | 67/77 | €707 | €300 | -€407 | -57.6% |
| Profit (loss) for the period | 9904 | €43,341 | -€12,932 | -€56,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,341 | -€12,932 | -€56,273 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.