R1 Corp: 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.
R1 Corp
Largest movements
- Financial fixed assets -€144,900
down €144,900 (-100%), from €144,900 to €0
- Receivables within one year -€9,303
down €9,303 (-53.5%), from €17,376 to €8,073
of which Trade receivables: -€14,768
- Cash -€6,478
down €6,478 (-97.5%), from €6,647 to €169
mainly Net result for the year (-€157,001) and Other debts (-€2,952)
- Reserves -€145,146
down €145,146 (-100%), from €145,146 to €0
of which Distributable reserves: -€145,146
- Profit (loss) carried forward -€11,856
new in 2025: -€11,856
- Other debts -€2,952
down €2,952 (-100%), from €2,952 to €0
- Financial charges +€146,924
up €146,924 (+18,606%), from €790 to €147,714
of which Non-recurring financial charges: +€144,694
- Gross operating margin -€5,022
down €5,022 (-79.3%), from €6,330 to €1,308
- Other operating charges +€308
up €308 (+72.3%), from €426 to €734
- Financial income +€116
up €116 (+515%), from €23 to €139
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 | €168,923 | €8,242 | -€160,681 | -95.1% |
| Fixed assets | 21/28 | €144,900 | €0 | -€144,900 | -100% |
| Financial fixed assets | 28 | €144,900 | €0 | -€144,900 | -100% |
| Current assets | 29/58 | €24,023 | €8,242 | -€15,781 | -65.7% |
| Amounts receivable within one year | 40/41 | €17,376 | €8,073 | -€9,303 | -53.5% |
| Trade receivables | 40 | €14,768 | €0 | -€14,768 | -100% |
| Other amounts receivable | 41 | €2,608 | €8,073 | +€5,465 | +210% |
| Cash at bank and in hand | 54/58 | €6,647 | €169 | -€6,478 | -97.5% |
| Total equity and liabilities | 10/49 | €168,923 | €8,242 | -€160,681 | -95.1% |
| Equity | 10/15 | €165,146 | €8,144 | -€157,001 | -95.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,146 | €0 | -€145,146 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €145,146 | €0 | -€145,146 | -100% |
| Profit (loss) carried forward | 14 | - | -€11,856 | -€11,856 | |
| Amounts payable | 17/49 | €3,778 | €98 | -€3,680 | -97.4% |
| Amounts payable within one year | 42/48 | €3,778 | €98 | -€3,680 | -97.4% |
| Financial debts | 43 | - | €98 | +€98 | |
| Credit institutions | 430/8 | - | €98 | +€98 | |
| Trade debts | 44 | €649 | €0 | -€649 | -100% |
| Suppliers | 440/4 | €649 | €0 | -€649 | -100% |
| Taxes, remuneration and social security | 45 | €177 | €0 | -€177 | -100% |
| Taxes | 450/3 | €177 | €0 | -€177 | -100% |
| Other amounts payable | 47/48 | €2,952 | €0 | -€2,952 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €426 | €734 | +€308 | +72.3% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €6,330 | €1,308 | -€5,022 | -79.3% |
| Operating profit (loss) | 9901 | €5,904 | -€9,426 | -€15,330 | |
| Financial income | 75/76B | €23 | €139 | +€116 | +515% |
| Recurring financial income | 75 | €23 | €139 | +€116 | +515% |
| Financial charges | 65/66B | €790 | €147,714 | +€146,924 | +18,606% |
| Recurring financial charges | 65 | €584 | €2,814 | +€2,230 | +382% |
| Non-recurring financial charges | 66B | €206 | €144,900 | +€144,694 | +70,366% |
| Profit (loss) for the period before taxes | 9903 | €5,137 | -€157,001 | -€162,138 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €5,137 | -€157,001 | -€162,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,137 | -€157,001 | -€162,138 |
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 14 October 2026 via checked.be.