RB & CO: 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.
RB & CO
Largest movements
- Receivables within one year +€43,974
up €43,974 (+43.7%), from €100,514 to €144,488
of which Trade receivables: +€43,909
- Cash -€31,212
down €31,212 (-93.2%), from €33,490 to €2,278
mainly Receivables within one year (-€43,974) and Accrued charges and deferred income (-€35,333)
- Tangible fixed assets +€14,663
up €14,663 (+169.5%), from €8,650 to €23,314
of which Other tangible fixed assets: +€15,164
- Stocks and contracts -€10,163
down €10,163 (-31.9%), from €31,809 to €21,646
- Trade debts +€39,225
up €39,225 (+527.7%), from €7,434 to €46,659
- Accrued charges and deferred income -€35,333
down €35,333 (-28.2%), from €125,155 to €89,822
- Tax, wage and social debts +€5,821
up €5,821 (+170.1%), from €3,421 to €9,242
of which Taxes: +€6,673
- Other debts +€5,487
up €5,487 (+142.2%), from €3,858 to €9,345
- Other operating charges -€23,305
down €23,305 (-31.0%), from €75,083 to €51,778
- Gross operating margin -€17,863
down €17,863 (-19.0%), from €93,999 to €76,136
- Staff costs -€5,957
down €5,957 (-51.1%), from €11,653 to €5,696
- Financial charges -€4,267
down €4,267 (-68.3%), from €6,245 to €1,978
- Taxes +€3,138
up €3,138 (+295.1%), from €1,063 to €4,201
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 | €186,744 | €203,204 | +€16,460 | +8.8% |
| Fixed assets | 21/28 | €18,259 | €32,923 | +€14,663 | +80.3% |
| Tangible fixed assets | 22/27 | €8,650 | €23,314 | +€14,663 | +169.5% |
| Plant, machinery and equipment | 23 | €2,859 | €2,358 | -€501 | -17.5% |
| Other tangible fixed assets | 26 | €5,791 | €20,955 | +€15,164 | +261.9% |
| Financial fixed assets | 28 | €9,609 | €9,609 | = | 0.0% |
| Current assets | 29/58 | €168,485 | €170,281 | +€1,797 | +1.1% |
| Stocks and contracts in progress | 3 | €31,809 | €21,646 | -€10,163 | -31.9% |
| Stocks | 30/36 | €31,809 | €21,646 | -€10,163 | -31.9% |
| Amounts receivable within one year | 40/41 | €100,514 | €144,488 | +€43,974 | +43.7% |
| Trade receivables | 40 | €99,373 | €143,282 | +€43,909 | +44.2% |
| Other amounts receivable | 41 | €1,141 | €1,207 | +€65 | +5.7% |
| Cash at bank and in hand | 54/58 | €33,490 | €2,278 | -€31,212 | -93.2% |
| Deferred charges and accrued income | 490/1 | €2,671 | €1,868 | -€803 | -30.0% |
| Total equity and liabilities | 10/49 | €186,744 | €203,204 | +€16,460 | +8.8% |
| Equity | 10/15 | €46,876 | €48,136 | +€1,260 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,576 | €8,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,716 | €6,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,699 | €20,960 | +€1,260 | +6.4% |
| Amounts payable | 17/49 | €139,868 | €155,068 | +€15,200 | +10.9% |
| Amounts payable within one year | 42/48 | €14,713 | €65,246 | +€50,533 | +343.5% |
| Trade debts | 44 | €7,434 | €46,659 | +€39,225 | +527.7% |
| Suppliers | 440/4 | €7,434 | €46,659 | +€39,225 | +527.7% |
| Taxes, remuneration and social security | 45 | €3,421 | €9,242 | +€5,821 | +170.1% |
| Taxes | 450/3 | €1,063 | €7,736 | +€6,673 | +627.6% |
| Remuneration and social security | 454/9 | €2,358 | €1,506 | -€852 | -36.1% |
| Other amounts payable | 47/48 | €3,858 | €9,345 | +€5,487 | +142.2% |
| Accrued charges and deferred income | 492/3 | €125,155 | €89,822 | -€35,333 | -28.2% |
| Remuneration, social security and pensions | 62 | €11,653 | €5,696 | -€5,957 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,031 | €4,762 | +€2,731 | +134.5% |
| Other operating charges | 640/8 | €75,083 | €51,778 | -€23,305 | -31.0% |
| Non-recurring operating charges | 66A | - | €6,460 | +€6,460 | |
| Gross operating margin | 9900 | €93,999 | €76,136 | -€17,863 | -19.0% |
| Operating profit (loss) | 9901 | €5,232 | €7,440 | +€2,208 | +42.2% |
| Financial charges | 65/66B | €6,245 | €1,978 | -€4,267 | -68.3% |
| Recurring financial charges | 65 | €6,245 | €1,978 | -€4,267 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,014 | €5,461 | +€6,475 | |
| Income taxes | 67/77 | €1,063 | €4,201 | +€3,138 | +295.1% |
| Profit (loss) for the period | 9904 | -€2,077 | €1,260 | +€3,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,077 | €1,260 | +€3,337 |
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 10 October 2026 via checked.be.