R2 Ground: 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.
R2 Ground
Largest movements
- Cash -€219,484
down €219,484 (-95.0%), from €231,130 to €11,646
mainly Stocks and contracts (-€153,073) and Receivables within one year (-€141,400)
- Stocks and contracts +€153,073
up €153,073 (+43.7%), from €350,656 to €503,729
- Receivables within one year +€141,400
new in 2025: €141,400
- Other debts +€75,000
up €75,000 (+14.7%), from €510,000 to €585,000
- Purchases and services -€324,527
down €324,527 (-54.3%), from €597,325 to €272,799
- Turnover -€150,000
down €150,000 (-55.6%), from €270,000 to €120,000
- Gross operating margin -€23,056
down €23,056 (-98.8%), from €23,330 to €274
- Taxes -€5,446
no longer reported in 2025 (was €5,446)
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 | €581,786 | €656,802 | +€75,016 | +12.9% |
| Current assets | 29/58 | €581,786 | €656,802 | +€75,016 | +12.9% |
| Stocks and contracts in progress | 3 | €350,656 | €503,729 | +€153,073 | +43.7% |
| Stocks | 30/36 | €350,656 | €503,729 | +€153,073 | +43.7% |
| Amounts receivable within one year | 40/41 | - | €141,400 | +€141,400 | |
| Other amounts receivable | 41 | - | €141,400 | +€141,400 | |
| Cash at bank and in hand | 54/58 | €231,130 | €11,646 | -€219,484 | -95.0% |
| Deferred charges and accrued income | 490/1 | - | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €581,786 | €656,802 | +€75,016 | +12.9% |
| Equity | 10/15 | €66,339 | €66,328 | -€11 | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €16,339 | €16,339 | = | 0.0% |
| Distributable reserves | 133 | €16,339 | €16,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11 | -€11 | |
| Amounts payable | 17/49 | €515,446 | €590,474 | +€75,027 | +14.6% |
| Amounts payable within one year | 42/48 | €515,446 | €590,474 | +€75,027 | +14.6% |
| Trade debts | 44 | - | €5,474 | +€5,474 | |
| Suppliers | 440/4 | - | €5,474 | +€5,474 | |
| Taxes, remuneration and social security | 45 | €5,446 | - | -€5,446 | |
| Taxes | 450/3 | €5,446 | - | -€5,446 | |
| Other amounts payable | 47/48 | €510,000 | €585,000 | +€75,000 | +14.7% |
| Turnover | 70 | €270,000 | €120,000 | -€150,000 | -55.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €597,325 | €272,799 | -€324,527 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | - | -€1,053 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €23,330 | €274 | -€23,056 | -98.8% |
| Operating profit (loss) | 9901 | €22,215 | €212 | -€22,003 | -99.0% |
| Financial charges | 65/66B | €430 | €223 | -€206 | -48.0% |
| Recurring financial charges | 65 | €430 | €223 | -€206 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €21,786 | -€11 | -€21,797 | |
| Income taxes | 67/77 | €5,446 | - | -€5,446 | |
| Profit (loss) for the period | 9904 | €16,339 | -€11 | -€16,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,339 | -€11 | -€16,351 |
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.