RB-E: 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.
RB-E
Largest movements
- Tangible fixed assets +€49,850
up €49,850 (+1236.2%), from €4,033 to €53,883
of which Furniture and vehicles: +€47,830
- Cash +€27,748
up €27,748 (+25.8%), from €107,465 to €135,213
mainly Other debts (+€41,984) and Debts after one year (+€19,161)
- Receivables within one year +€3,256
up €3,256 (+22.4%), from €14,520 to €17,776
of which Trade receivables: +€2,420
- Other debts +€41,984
up €41,984 (+82.0%), from €51,173 to €93,157
- Debts after one year +€19,161
new in 2025: €19,161
- Reserves +€8,353
up €8,353 (+13.1%), from €63,871 to €72,223
of which Distributable reserves: +€8,353
- Current portion of long-term debt +€7,279
new in 2025: €7,279
- Tax, wage and social debts +€2,784
up €2,784 (+35.9%), from €7,757 to €10,541
- Financial charges +€28,332
up €28,332 (+69.7%), from €40,670 to €69,003
- Gross operating margin +€22,198
up €22,198 (+33.1%), from €67,007 to €89,205
- Depreciation +€6,277
up €6,277 (+1030.0%), from €609 to €6,887
- Taxes -€3,112
down €3,112 (-43.3%), from €7,185 to €4,074
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 | €136,361 | €215,680 | +€79,319 | +58.2% |
| Fixed assets | 21/28 | €4,033 | €53,883 | +€49,850 | +1236.2% |
| Tangible fixed assets | 22/27 | €4,033 | €53,883 | +€49,850 | +1236.2% |
| Plant, machinery and equipment | 23 | - | €2,020 | +€2,020 | |
| Furniture and vehicles | 24 | €4,033 | €51,863 | +€47,830 | +1186.1% |
| Current assets | 29/58 | €132,328 | €161,797 | +€29,468 | +22.3% |
| Amounts receivable within one year | 40/41 | €14,520 | €17,776 | +€3,256 | +22.4% |
| Trade receivables | 40 | €14,520 | €16,940 | +€2,420 | +16.7% |
| Other amounts receivable | 41 | - | €836 | +€836 | |
| Cash at bank and in hand | 54/58 | €107,465 | €135,213 | +€27,748 | +25.8% |
| Deferred charges and accrued income | 490/1 | €10,343 | €8,807 | -€1,536 | -14.9% |
| Total equity and liabilities | 10/49 | €136,361 | €215,680 | +€79,319 | +58.2% |
| Equity | 10/15 | €70,071 | €78,423 | +€8,353 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,871 | €72,223 | +€8,353 | +13.1% |
| 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 | €62,011 | €70,363 | +€8,353 | +13.5% |
| Amounts payable | 17/49 | €66,290 | €137,256 | +€70,966 | +107.1% |
| Amounts payable after more than one year | 17 | - | €19,161 | +€19,161 | |
| Financial debts | 170/4 | - | €19,161 | +€19,161 | |
| Amounts payable within one year | 42/48 | €66,290 | €118,096 | +€51,805 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,279 | +€7,279 | |
| Trade debts | 44 | €7,360 | €7,118 | -€242 | -3.3% |
| Suppliers | 440/4 | €7,360 | €7,118 | -€242 | -3.3% |
| Taxes, remuneration and social security | 45 | €7,757 | €10,541 | +€2,784 | +35.9% |
| Taxes | 450/3 | €7,757 | €10,541 | +€2,784 | +35.9% |
| Other amounts payable | 47/48 | €51,173 | €93,157 | +€41,984 | +82.0% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €6,887 | +€6,277 | +1030.0% |
| Other operating charges | 640/8 | €1,005 | €889 | -€117 | -11.6% |
| Gross operating margin | 9900 | €67,007 | €89,205 | +€22,198 | +33.1% |
| Operating profit (loss) | 9901 | €65,392 | €81,429 | +€16,037 | +24.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40,670 | €69,003 | +€28,332 | +69.7% |
| Recurring financial charges | 65 | €40,670 | €69,003 | +€28,332 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €24,722 | €12,426 | -€12,295 | -49.7% |
| Income taxes | 67/77 | €7,185 | €4,074 | -€3,112 | -43.3% |
| Profit (loss) for the period | 9904 | €17,536 | €8,353 | -€9,184 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,536 | €8,353 | -€9,184 | -52.4% |
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 3 October 2026 via checked.be.