R&V Systems: 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 Systems
Largest movements
- Current investments +€47,250
up €47,250 (+85.9%), from €55,000 to €102,250
- Cash -€36,406
down €36,406 (-74.1%), from €49,130 to €12,724
mainly Contributions, distributions and other (-€72,493) and Current investments (-€47,250)
- Receivables within one year +€28,968
up €28,968 (+142.4%), from €20,347 to €49,315
of which Other amounts receivable: +€16,936
- Tangible fixed assets -€8,100
down €8,100 (-57.3%), from €14,142 to €6,042
- Other debts +€36,119
up €36,119 (+3484.1%), from €1,037 to €37,156
- Profit (loss) carried forward -€29,096
down €29,096 (-22.5%), from €129,096 to €100,000
- Trade debts +€22,606
up €22,606 (+1321.9%), from €1,710 to €24,316
- Tax, wage and social debts +€2,366
up €2,366 (+62.7%), from €3,776 to €6,143
- Financial income +€5,686
up €5,686 (+4607.6%), from €123 to €5,810
- Gross operating margin -€5,149
down €5,149 (-7.6%), from €68,191 to €63,043
- Taxes +€2,674
up €2,674 (+19.5%), from €13,711 to €16,385
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 | €138,619 | €170,615 | +€31,996 | +23.1% |
| Fixed assets | 21/28 | €14,142 | €6,042 | -€8,100 | -57.3% |
| Tangible fixed assets | 22/27 | €14,142 | €6,042 | -€8,100 | -57.3% |
| Furniture and vehicles | 24 | €14,142 | €6,042 | -€8,100 | -57.3% |
| Current assets | 29/58 | €124,476 | €164,572 | +€40,096 | +32.2% |
| Amounts receivable within one year | 40/41 | €20,347 | €49,315 | +€28,968 | +142.4% |
| Trade receivables | 40 | €20,020 | €32,052 | +€12,032 | +60.1% |
| Other amounts receivable | 41 | €326 | €17,263 | +€16,936 | +5187.6% |
| Current investments | 50/53 | €55,000 | €102,250 | +€47,250 | +85.9% |
| Cash at bank and in hand | 54/58 | €49,130 | €12,724 | -€36,406 | -74.1% |
| Deferred charges and accrued income | 490/1 | - | €283 | +€283 | |
| Total equity and liabilities | 10/49 | €138,619 | €170,615 | +€31,996 | +23.1% |
| Equity | 10/15 | €132,096 | €103,000 | -€29,096 | -22.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,096 | €100,000 | -€29,096 | -22.5% |
| Amounts payable | 17/49 | €6,523 | €67,615 | +€61,092 | +936.5% |
| Amounts payable within one year | 42/48 | €6,523 | €67,615 | +€61,092 | +936.5% |
| Trade debts | 44 | €1,710 | €24,316 | +€22,606 | +1321.9% |
| Suppliers | 440/4 | €1,710 | €24,316 | +€22,606 | +1321.9% |
| Taxes, remuneration and social security | 45 | €3,776 | €6,143 | +€2,366 | +62.7% |
| Taxes | 450/3 | €3,776 | €6,143 | +€2,366 | +62.7% |
| Other amounts payable | 47/48 | €1,037 | €37,156 | +€36,119 | +3484.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,100 | €8,100 | = | 0.0% |
| Other operating charges | 640/8 | €886 | €811 | -€75 | -8.5% |
| Gross operating margin | 9900 | €68,191 | €63,043 | -€5,149 | -7.6% |
| Operating profit (loss) | 9901 | €59,205 | €54,131 | -€5,074 | -8.6% |
| Financial income | 75/76B | €123 | €5,810 | +€5,686 | +4607.6% |
| Recurring financial income | 75 | €123 | €5,810 | +€5,686 | +4607.6% |
| Financial charges | 65/66B | €174 | €159 | -€16 | -9.0% |
| Recurring financial charges | 65 | €174 | €159 | -€16 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €59,154 | €59,782 | +€628 | +1.1% |
| Income taxes | 67/77 | €13,711 | €16,385 | +€2,674 | +19.5% |
| Profit (loss) for the period | 9904 | €45,443 | €43,397 | -€2,046 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,443 | €43,397 | -€2,046 | -4.5% |
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 4 October 2026 via checked.be.