RB ECO: 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 ECO
Largest movements
- Receivables within one year +€37,840
up €37,840 (+54.9%), from €68,929 to €106,769
of which Trade receivables: +€33,061
- Tangible fixed assets -€23,977
down €23,977 (-6.1%), from €390,042 to €366,065
of which Land and buildings: -€19,778
- Cash -€16,990
down €16,990 (-27.9%), from €60,816 to €43,826
mainly Receivables within one year (-€37,840) and Other debts (-€37,014)
- Stocks and contracts +€11,392
new in 2025: €11,392
- Other debts -€37,014
down €37,014 (-33.7%), from €109,812 to €72,797
- Advances received +€31,160
new in 2025: €31,160
- Debts after one year -€27,896
down €27,896 (-14.8%), from €188,142 to €160,246
- Profit (loss) carried forward +€20,549
up €20,549 (+28.6%), from €71,929 to €92,478
- Trade debts +€16,763
up €16,763 (+42.7%), from €39,303 to €56,065
- Purchases and services -€47,437
down €47,437 (-40.4%), from €117,476 to €70,039
- Turnover -€34,164
down €34,164 (-20.2%), from €168,840 to €134,676
- Write-downs -€17,620
no longer reported in 2025 (was €17,620)
- Gross operating margin +€13,274
up €13,274 (+25.8%), from €51,364 to €64,637
- Other operating charges +€6,211
up €6,211 (+2,551%), from €243 to €6,455
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 | €520,971 | €529,308 | +€8,337 | +1.6% |
| Fixed assets | 21/28 | €391,042 | €367,065 | -€23,977 | -6.1% |
| Tangible fixed assets | 22/27 | €390,042 | €366,065 | -€23,977 | -6.1% |
| Land and buildings | 22 | €377,818 | €358,041 | -€19,778 | -5.2% |
| Plant, machinery and equipment | 23 | €10,558 | €4,606 | -€5,952 | -56.4% |
| Furniture and vehicles | 24 | €1,665 | €3,419 | +€1,753 | +105% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €129,929 | €162,243 | +€32,314 | +24.9% |
| Stocks and contracts in progress | 3 | - | €11,392 | +€11,392 | |
| Stocks | 30/36 | - | €11,392 | +€11,392 | |
| Amounts receivable within one year | 40/41 | €68,929 | €106,769 | +€37,840 | +54.9% |
| Trade receivables | 40 | €46,893 | €79,954 | +€33,061 | +70.5% |
| Other amounts receivable | 41 | €22,036 | €26,815 | +€4,779 | +21.7% |
| Cash at bank and in hand | 54/58 | €60,816 | €43,826 | -€16,990 | -27.9% |
| Deferred charges and accrued income | 490/1 | €184 | €257 | +€73 | +39.4% |
| Total equity and liabilities | 10/49 | €520,971 | €529,308 | +€8,337 | +1.6% |
| Equity | 10/15 | €149,629 | €167,208 | +€17,579 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,610 | €8,610 | = | 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 | €6,750 | €6,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,929 | €92,478 | +€20,549 | +28.6% |
| Investment grants | 15 | €50,490 | €47,520 | -€2,970 | -5.9% |
| Amounts payable | 17/49 | €371,342 | €362,100 | -€9,242 | -2.5% |
| Amounts payable after more than one year | 17 | €188,142 | €160,246 | -€27,896 | -14.8% |
| Financial debts | 170/4 | €188,142 | €160,246 | -€27,896 | -14.8% |
| Amounts payable within one year | 42/48 | €183,200 | €201,804 | +€18,604 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €15,020 | €15,789 | +€769 | +5.1% |
| Trade debts | 44 | €39,303 | €56,065 | +€16,763 | +42.7% |
| Suppliers | 440/4 | €39,303 | €56,065 | +€16,763 | +42.7% |
| Advances received on contracts in progress | 46 | - | €31,160 | +€31,160 | |
| Taxes, remuneration and social security | 45 | €19,065 | €25,991 | +€6,926 | +36.3% |
| Taxes | 450/3 | €19,065 | €25,991 | +€6,926 | +36.3% |
| Other amounts payable | 47/48 | €109,812 | €72,797 | -€37,014 | -33.7% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Turnover | 70 | €168,840 | €134,676 | -€34,164 | -20.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €117,476 | €70,039 | -€47,437 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,279 | €26,954 | -€1,325 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,620 | - | -€17,620 | |
| Other operating charges | 640/8 | €243 | €6,455 | +€6,211 | +2,551% |
| Non-recurring operating charges | 66A | - | €610 | +€610 | |
| Gross operating margin | 9900 | €51,364 | €64,637 | +€13,274 | +25.8% |
| Operating profit (loss) | 9901 | €5,221 | €30,619 | +€25,398 | +486% |
| Financial income | 75/76B | €2,970 | €2,970 | = | 0.0% |
| Recurring financial income | 75 | €2,970 | €2,970 | = | 0.0% |
| Financial charges | 65/66B | €6,999 | €6,113 | -€885 | -12.7% |
| Recurring financial charges | 65 | €6,999 | €6,113 | -€885 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €1,192 | €27,475 | +€26,283 | +2,205% |
| Income taxes | 67/77 | €906 | €6,926 | +€6,021 | +665% |
| Profit (loss) for the period | 9904 | €286 | €20,549 | +€20,263 | +7,077% |
| Profit (loss) for the period to be appropriated | 9905 | €286 | €20,549 | +€20,263 | +7,077% |
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 19 October 2026 via checked.be.