R6: 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.
R6
Largest movements
- Cash -€56,878
down €56,878 (-38.6%), from €147,230 to €90,351
mainly Investment in fixed assets (net) (-€76,084) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets +€37,820
up €37,820 (+62.7%), from €60,339 to €98,159
of which Plant, machinery and equipment: +€58,979
- Receivables within one year +€36,797
up €36,797 (+388.6%), from €9,470 to €46,267
of which Trade receivables: +€32,313
- Debts after one year -€13,085
no longer reported in 2025 (was €13,085)
- Trade debts +€12,222
up €12,222 (+46.8%), from €26,130 to €38,353
- Reserves +€7,905
up €7,905 (+8.4%), from €94,025 to €101,930
- Accrued charges and deferred income +€6,909
up €6,909 (+12433.8%), from €56 to €6,965
- Tax, wage and social debts +€2,719
up €2,719 (+17.1%), from €15,862 to €18,581
of which Remuneration and social security: +€5,445
- Gross operating margin -€23,792
down €23,792 (-14.0%), from €170,539 to €146,746
- Staff costs -€12,626
down €12,626 (-25.7%), from €49,179 to €36,553
- Taxes -€7,194
down €7,194 (-35.6%), from €20,211 to €13,016
- Other operating charges -€4,355
down €4,355 (-89.9%), from €4,845 to €490
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 | €221,562 | €237,557 | +€15,994 | +7.2% |
| Fixed assets | 21/28 | €60,339 | €98,159 | +€37,820 | +62.7% |
| Tangible fixed assets | 22/27 | €60,339 | €98,159 | +€37,820 | +62.7% |
| Plant, machinery and equipment | 23 | €14,760 | €73,739 | +€58,979 | +399.6% |
| Furniture and vehicles | 24 | €36,822 | €17,853 | -€18,970 | -51.5% |
| Other tangible fixed assets | 26 | €8,756 | €6,567 | -€2,189 | -25.0% |
| Current assets | 29/58 | €161,224 | €139,398 | -€21,826 | -13.5% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,470 | €46,267 | +€36,797 | +388.6% |
| Trade receivables | 40 | €9,470 | €41,783 | +€32,313 | +341.2% |
| Other amounts receivable | 41 | - | €4,484 | +€4,484 | |
| Cash at bank and in hand | 54/58 | €147,230 | €90,351 | -€56,878 | -38.6% |
| Deferred charges and accrued income | 490/1 | €2,025 | €280 | -€1,745 | -86.2% |
| Total equity and liabilities | 10/49 | €221,562 | €237,557 | +€15,994 | +7.2% |
| Equity | 10/15 | €134,025 | €141,930 | +€7,905 | +5.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €94,025 | €101,930 | +€7,905 | +8.4% |
| Distributable reserves | 133 | €94,025 | €101,930 | +€7,905 | +8.4% |
| Amounts payable | 17/49 | €87,537 | €95,627 | +€8,089 | +9.2% |
| Amounts payable after more than one year | 17 | €13,085 | - | -€13,085 | |
| Financial debts | 170/4 | €13,085 | - | -€13,085 | |
| Amounts payable within one year | 42/48 | €74,397 | €88,662 | +€14,265 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €14,144 | €13,085 | -€1,059 | -7.5% |
| Trade debts | 44 | €26,130 | €38,353 | +€12,222 | +46.8% |
| Suppliers | 440/4 | €26,130 | €38,353 | +€12,222 | +46.8% |
| Advances received on contracts in progress | 46 | - | €300 | +€300 | |
| Taxes, remuneration and social security | 45 | €15,862 | €18,581 | +€2,719 | +17.1% |
| Taxes | 450/3 | €14,391 | €11,666 | -€2,726 | -18.9% |
| Remuneration and social security | 454/9 | €1,471 | €6,916 | +€5,445 | +370.2% |
| Other amounts payable | 47/48 | €18,260 | €18,343 | +€83 | +0.5% |
| Accrued charges and deferred income | 492/3 | €56 | €6,965 | +€6,909 | +12433.8% |
| Remuneration, social security and pensions | 62 | €49,179 | €36,553 | -€12,626 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,882 | €38,263 | -€618 | -1.6% |
| Other operating charges | 640/8 | €4,845 | €490 | -€4,355 | -89.9% |
| Gross operating margin | 9900 | €170,539 | €146,746 | -€23,792 | -14.0% |
| Operating profit (loss) | 9901 | €77,633 | €71,440 | -€6,193 | -8.0% |
| Financial income | 75/76B | €350 | €0 | -€350 | -100.0% |
| Recurring financial income | 75 | €350 | €0 | -€350 | -100.0% |
| Financial charges | 65/66B | €577 | €519 | -€58 | -10.1% |
| Recurring financial charges | 65 | €577 | €519 | -€58 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €77,406 | €70,921 | -€6,485 | -8.4% |
| Income taxes | 67/77 | €20,211 | €13,016 | -€7,194 | -35.6% |
| Profit (loss) for the period | 9904 | €57,196 | €57,905 | +€710 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,196 | €57,905 | +€710 | +1.2% |
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.