R2U: 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.
R2U
Largest movements
- Tangible fixed assets -€8,000
down €8,000 (-36.5%), from €21,945 to €13,945
- Trade debts -€10,720
down €10,720 (-36.0%), from €29,736 to €19,017
- Reserves -€9,041
down €9,041 (-2.0%), from €462,755 to €453,714
of which Distributable reserves: -€9,041
- Advances received +€6,000
new in 2025: €6,000
- Depreciation +€5,945
up €5,945 (+289%), from €2,055 to €8,000
- Gross operating margin -€2,341
down €2,341 (-31.4%), from €7,456 to €5,116
- Financial charges +€1,107
up €1,107 (+26.3%), from €4,208 to €5,315
- Taxes -€237
down €237 (-99.2%), from €239 to €2
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 | €587,266 | €575,119 | -€12,146 | -2.1% |
| Fixed assets | 21/28 | €581,281 | €573,281 | -€8,000 | -1.4% |
| Tangible fixed assets | 22/27 | €21,945 | €13,945 | -€8,000 | -36.5% |
| Furniture and vehicles | 24 | €21,945 | €13,945 | -€8,000 | -36.5% |
| Financial fixed assets | 28 | €559,336 | €559,336 | = | 0.0% |
| Current assets | 29/58 | €5,984 | €1,838 | -€4,146 | -69.3% |
| Amounts receivable within one year | 40/41 | €108 | €115 | +€7 | +6.0% |
| Trade receivables | 40 | - | €115 | +€115 | |
| Other amounts receivable | 41 | €108 | - | -€108 | |
| Cash at bank and in hand | 54/58 | €4,806 | €608 | -€4,198 | -87.4% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,115 | +€45 | +4.2% |
| Total equity and liabilities | 10/49 | €587,266 | €575,119 | -€12,146 | -2.1% |
| Equity | 10/15 | €475,155 | €466,114 | -€9,041 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €462,755 | €453,714 | -€9,041 | -2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €460,895 | €451,854 | -€9,041 | -2.0% |
| Amounts payable | 17/49 | €112,110 | €109,005 | -€3,105 | -2.8% |
| Amounts payable within one year | 42/48 | €112,110 | €109,005 | -€3,105 | -2.8% |
| Trade debts | 44 | €29,736 | €19,017 | -€10,720 | -36.0% |
| Suppliers | 440/4 | €29,736 | €19,017 | -€10,720 | -36.0% |
| Advances received on contracts in progress | 46 | - | €6,000 | +€6,000 | |
| Taxes, remuneration and social security | 45 | €2,735 | €2,905 | +€170 | +6.2% |
| Taxes | 450/3 | €1,950 | €2,905 | +€955 | +49.0% |
| Remuneration and social security | 454/9 | €785 | - | -€785 | |
| Other amounts payable | 47/48 | €79,639 | €81,083 | +€1,444 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,055 | €8,000 | +€5,945 | +289% |
| Other operating charges | 640/8 | €777 | €847 | +€70 | +9.0% |
| Gross operating margin | 9900 | €7,456 | €5,116 | -€2,341 | -31.4% |
| Operating profit (loss) | 9901 | €4,625 | -€3,731 | -€8,356 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €4,208 | €5,315 | +€1,107 | +26.3% |
| Recurring financial charges | 65 | €4,208 | €5,315 | +€1,107 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €417 | -€9,040 | -€9,457 | |
| Income taxes | 67/77 | €239 | €2 | -€237 | -99.2% |
| Profit (loss) for the period | 9904 | €178 | -€9,041 | -€9,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €178 | -€9,041 | -€9,219 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.