RB INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€38,569
down €38,569 (-3.1%), from €1.3m to €1.2m
of which Land and buildings: -€34,808
- Cash +€16,701
up €16,701 (+361%), from €4,631 to €21,333
mainly Depreciation (+€57,315) and Net result for the year (+€31,681)
- Debts after one year -€42,515
down €42,515 (-14.3%), from €296,755 to €254,240
of which Financial debts: -€42,515
- Reserves +€31,121
up €31,121 (+14.5%), from €213,980 to €245,101
of which Distributable reserves: +€37,000
- Depreciation -€6,178
down €6,178 (-9.7%), from €63,493 to €57,315
- Other operating charges +€3,968
up €3,968 (+25.3%), from €15,680 to €19,649
- Financial charges -€3,940
down €3,940 (-39.6%), from €9,943 to €6,002
- Taxes +€1,658
up €1,658 (+10.1%), from €16,430 to €18,088
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 | €1,263,584 | €1,241,718 | -€21,867 | -1.7% |
| Fixed assets | 21/28 | €1,258,911 | €1,220,342 | -€38,569 | -3.1% |
| Tangible fixed assets | 22/27 | €1,258,911 | €1,220,342 | -€38,569 | -3.1% |
| Land and buildings | 22 | €1,168,978 | €1,134,171 | -€34,808 | -3.0% |
| Plant, machinery and equipment | 23 | €89,933 | €86,172 | -€3,761 | -4.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €4,673 | €21,375 | +€16,702 | +357% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,631 | €21,333 | +€16,701 | +361% |
| Deferred charges and accrued income | 490/1 | €42 | €43 | +€1 | +2.1% |
| Total equity and liabilities | 10/49 | €1,263,584 | €1,241,718 | -€21,867 | -1.7% |
| Equity | 10/15 | €403,009 | €434,689 | +€31,681 | +7.9% |
| Contributions | 10/11 | €71,500 | €71,500 | = | 0.0% |
| Reserves | 13 | €213,980 | €245,101 | +€31,121 | +14.5% |
| Tax-exempt reserves | 132 | €146,480 | €140,601 | -€5,879 | -4.0% |
| Distributable reserves | 133 | €67,500 | €104,500 | +€37,000 | +54.8% |
| Profit (loss) carried forward | 14 | €117,529 | €118,089 | +€560 | +0.5% |
| Provisions and deferred taxes | 16 | €58,358 | €55,905 | -€2,453 | -4.2% |
| Deferred taxes | 168 | €58,358 | €55,905 | -€2,453 | -4.2% |
| Amounts payable | 17/49 | €802,218 | €751,123 | -€51,095 | -6.4% |
| Amounts payable after more than one year | 17 | €296,755 | €254,240 | -€42,515 | -14.3% |
| Financial debts | 170/4 | €150,263 | €107,748 | -€42,515 | -28.3% |
| Other amounts payable | 178/9 | €146,492 | €146,492 | = | 0.0% |
| Amounts payable within one year | 42/48 | €505,462 | €496,883 | -€8,580 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €54,253 | €42,515 | -€11,738 | -21.6% |
| Trade debts | 44 | €1,183 | €3,106 | +€1,923 | +163% |
| Suppliers | 440/4 | €1,183 | €3,106 | +€1,923 | +163% |
| Taxes, remuneration and social security | 45 | €17,508 | €29,396 | +€11,888 | +67.9% |
| Taxes | 450/3 | €17,508 | €29,396 | +€11,888 | +67.9% |
| Other amounts payable | 47/48 | €432,519 | €421,866 | -€10,653 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,493 | €57,315 | -€6,178 | -9.7% |
| Other operating charges | 640/8 | €15,680 | €19,649 | +€3,968 | +25.3% |
| Gross operating margin | 9900 | €130,253 | €130,279 | +€26 | 0.0% |
| Operating profit (loss) | 9901 | €51,079 | €53,315 | +€2,236 | +4.4% |
| Financial income | 75/76B | €2 | €3 | +€1 | +42.6% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +42.6% |
| Financial charges | 65/66B | €9,943 | €6,002 | -€3,940 | -39.6% |
| Recurring financial charges | 65 | €9,943 | €6,002 | -€3,940 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €41,139 | €47,316 | +€6,177 | +15.0% |
| Transfer from deferred taxes | 780 | €2,453 | €2,453 | = | 0.0% |
| Income taxes | 67/77 | €16,430 | €18,088 | +€1,658 | +10.1% |
| Profit (loss) for the period | 9904 | €27,162 | €31,681 | +€4,519 | +16.6% |
| Transfer from tax-exempt reserves | 789 | €5,879 | €5,879 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,041 | €37,560 | +€4,519 | +13.7% |
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 30 October 2026 via checked.be.