R2E: 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.
R2E
Largest movements
- Tangible fixed assets +€26,640
up €26,640 (+1580.9%), from €1,685 to €28,325
of which Furniture and vehicles: +€26,684
- Receivables within one year +€5,637
new in 2025: €5,637
of which Other amounts receivable: +€4,306
- Cash -€4,924
down €4,924 (-71.4%), from €6,902 to €1,977
mainly Investment in fixed assets (net) (-€32,739) and Receivables within one year (-€5,637)
- Formation expenses -€612
down €612 (-22.5%), from €2,719 to €2,107
- Other debts +€26,480
up €26,480 (+1090.7%), from €2,428 to €28,908
- Accrued charges and deferred income +€1,352
up €1,352 (+2083.2%), from €65 to €1,417
- Profit (loss) carried forward -€1,119
down €1,119 (-17.9%), from -€6,240 to -€7,359
- Gross operating margin +€11,207
up €11,207, from -€5,417 to €5,791
- Depreciation +€5,995
up €5,995 (+837.4%), from €716 to €6,711
- Other operating charges +€128
new in 2025: €128
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 | €12,717 | €39,717 | +€26,999 | +212.3% |
| Formation expenses | 20 | €2,719 | €2,107 | -€612 | -22.5% |
| Fixed assets | 21/28 | €1,685 | €28,325 | +€26,640 | +1580.9% |
| Tangible fixed assets | 22/27 | €1,685 | €28,325 | +€26,640 | +1580.9% |
| Plant, machinery and equipment | 23 | €175 | €131 | -€44 | -24.9% |
| Furniture and vehicles | 24 | €1,510 | €28,194 | +€26,684 | +1767.1% |
| Current assets | 29/58 | €8,313 | €9,284 | +€971 | +11.7% |
| Amounts receivable within one year | 40/41 | - | €5,637 | +€5,637 | |
| Trade receivables | 40 | - | €1,331 | +€1,331 | |
| Other amounts receivable | 41 | - | €4,306 | +€4,306 | |
| Cash at bank and in hand | 54/58 | €6,902 | €1,977 | -€4,924 | -71.4% |
| Deferred charges and accrued income | 490/1 | €1,412 | €1,670 | +€259 | +18.3% |
| Total equity and liabilities | 10/49 | €12,717 | €39,717 | +€26,999 | +212.3% |
| Equity | 10/15 | €8,760 | €7,641 | -€1,119 | -12.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,240 | -€7,359 | -€1,119 | -17.9% |
| Amounts payable | 17/49 | €3,957 | €32,075 | +€28,118 | +710.6% |
| Amounts payable within one year | 42/48 | €3,892 | €30,658 | +€26,766 | +687.7% |
| Taxes, remuneration and social security | 45 | €1,464 | €1,750 | +€286 | +19.5% |
| Taxes | 450/3 | €214 | - | -€214 | |
| Remuneration and social security | 454/9 | €1,250 | €1,750 | +€500 | +40.0% |
| Other amounts payable | 47/48 | €2,428 | €28,908 | +€26,480 | +1090.7% |
| Accrued charges and deferred income | 492/3 | €65 | €1,417 | +€1,352 | +2083.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €6,711 | +€5,995 | +837.4% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | -€5,417 | €5,791 | +€11,207 | |
| Operating profit (loss) | 9901 | -€6,132 | -€1,048 | +€5,085 | +82.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €107 | €72 | -€35 | -32.6% |
| Recurring financial charges | 65 | €107 | €72 | -€35 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,240 | -€1,119 | +€5,121 | +82.1% |
| Profit (loss) for the period | 9904 | -€6,240 | -€1,119 | +€5,121 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,240 | -€1,119 | +€5,121 | +82.1% |
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 5 October 2026 via checked.be.