RB GROUP: 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 GROUP
Largest movements
- Receivables within one year +€69,829
up €69,829 (+1152.1%), from €6,061 to €75,890
of which Trade receivables: +€45,714
- Tangible fixed assets -€9,651
down €9,651 (-15.5%), from €62,269 to €52,618
of which Leasing and similar rights: -€17,507
- Stocks and contracts +€7,277
up €7,277 (+145.5%), from €5,000 to €12,277
of which Stocks: +€12,277
- Financial fixed assets +€3,300
new in 2025: €3,300
- Deferred charges and accrued income +€2,466
up €2,466 (+767.1%), from €321 to €2,787
- Trade debts +€64,942
up €64,942 (+340.7%), from €19,064 to €84,005
- Debts after one year -€15,445
down €15,445 (-41.2%), from €37,488 to €22,043
- Reserves +€10,584
up €10,584 (+44.4%), from €23,846 to €34,430
- Tax, wage and social debts +€6,749
up €6,749 (+65.5%), from €10,307 to €17,056
- Other debts +€3,920
up €3,920 (+25.6%), from €15,341 to €19,261
- Depreciation +€5,643
up €5,643 (+39.3%), from €14,368 to €20,011
- Gross operating margin -€4,617
down €4,617 (-10.3%), from €44,691 to €40,074
- Financial income +€3,818
up €3,818 (+931214.6%), from €0 to €3,818
- Other operating charges +€1,440
up €1,440 (+83.9%), from €1,716 to €3,156
- Financial charges +€1,021
up €1,021 (+41.6%), from €2,453 to €3,474
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 | €123,977 | €196,543 | +€72,565 | +58.5% |
| Fixed assets | 21/28 | €62,269 | €55,918 | -€6,351 | -10.2% |
| Tangible fixed assets | 22/27 | €62,269 | €52,618 | -€9,651 | -15.5% |
| Plant, machinery and equipment | 23 | €829 | €537 | -€292 | -35.2% |
| Furniture and vehicles | 24 | €1,912 | €10,061 | +€8,148 | +426.1% |
| Leasing and similar rights | 25 | €59,528 | €42,020 | -€17,507 | -29.4% |
| Financial fixed assets | 28 | - | €3,300 | +€3,300 | |
| Current assets | 29/58 | €61,708 | €140,624 | +€78,916 | +127.9% |
| Stocks and contracts in progress | 3 | €5,000 | €12,277 | +€7,277 | +145.5% |
| Stocks | 30/36 | - | €12,277 | +€12,277 | |
| Contracts in progress | 37 | €5,000 | €0 | -€5,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,061 | €75,890 | +€69,829 | +1152.1% |
| Trade receivables | 40 | €1,958 | €47,673 | +€45,714 | +2334.2% |
| Other amounts receivable | 41 | €4,103 | €28,217 | +€24,114 | +587.8% |
| Cash at bank and in hand | 54/58 | €50,326 | €49,671 | -€655 | -1.3% |
| Deferred charges and accrued income | 490/1 | €321 | €2,787 | +€2,466 | +767.1% |
| Total equity and liabilities | 10/49 | €123,977 | €196,543 | +€72,565 | +58.5% |
| Equity | 10/15 | €26,346 | €36,930 | +€10,584 | +40.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,846 | €34,430 | +€10,584 | +44.4% |
| Distributable reserves | 133 | €23,846 | €34,430 | +€10,584 | +44.4% |
| Amounts payable | 17/49 | €97,631 | €159,613 | +€61,981 | +63.5% |
| Amounts payable after more than one year | 17 | €37,488 | €22,043 | -€15,445 | -41.2% |
| Financial debts | 170/4 | €37,488 | €22,043 | -€15,445 | -41.2% |
| Amounts payable within one year | 42/48 | €60,144 | €136,369 | +€76,225 | +126.7% |
| Current portion of amounts payable after more than one year | 42 | €14,831 | €15,445 | +€615 | +4.1% |
| Trade debts | 44 | €19,064 | €84,005 | +€64,942 | +340.7% |
| Suppliers | 440/4 | €19,064 | €84,005 | +€64,942 | +340.7% |
| Advances received on contracts in progress | 46 | €601 | €601 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,307 | €17,056 | +€6,749 | +65.5% |
| Taxes | 450/3 | €10,307 | €17,056 | +€6,749 | +65.5% |
| Other amounts payable | 47/48 | €15,341 | €19,261 | +€3,920 | +25.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,201 | +€1,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,368 | €20,011 | +€5,643 | +39.3% |
| Other operating charges | 640/8 | €1,716 | €3,156 | +€1,440 | +83.9% |
| Gross operating margin | 9900 | €44,691 | €40,074 | -€4,617 | -10.3% |
| Operating profit (loss) | 9901 | €28,607 | €16,907 | -€11,700 | -40.9% |
| Financial income | 75/76B | €0 | €3,818 | +€3,818 | +931214.6% |
| Recurring financial income | 75 | €0 | €3,818 | +€3,818 | +931214.6% |
| Financial charges | 65/66B | €2,453 | €3,474 | +€1,021 | +41.6% |
| Recurring financial charges | 65 | €2,453 | €3,474 | +€1,021 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €26,154 | €17,251 | -€8,903 | -34.0% |
| Income taxes | 67/77 | €7,302 | €6,667 | -€635 | -8.7% |
| Profit (loss) for the period | 9904 | €18,852 | €10,584 | -€8,268 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,852 | €10,584 | -€8,268 | -43.9% |
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 5 October 2026 via checked.be.