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
- Receivables within one year +€63,280
up €63,280 (+392%), from €16,156 to €79,435
of which Other amounts receivable: +€62,654
- Tangible fixed assets -€35,067
down €35,067 (-3.2%), from €1.1m to €1.1m
of which Land and buildings: -€33,318
- Cash -€30,573
down €30,573 (-100%), from €30,573 to €0
mainly Receivables within one year (-€63,280) and Net result for the year (-€40,894)
- Profit (loss) carried forward -€40,894
down €40,894 (-22.2%), from €184,499 to €143,605
- Short-term financial debts +€37,327
new in 2025: €37,327
- Gross operating margin -€9,687
down €9,687 (-17.6%), from €54,928 to €45,241
- Staff costs -€5,106
down €5,106 (-100%), from €5,106 to €0
- Financial charges +€2,372
up €2,372 (+404%), from €587 to €2,960
- Other operating charges -€1,105
down €1,105 (-7.3%), from €15,125 to €14,020
- Depreciation -€1,080
down €1,080 (-2.8%), from €38,652 to €37,572
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 | €1,135,440 | €1,133,316 | -€2,124 | -0.2% |
| Fixed assets | 21/28 | €1,087,283 | €1,052,215 | -€35,067 | -3.2% |
| Tangible fixed assets | 22/27 | €1,087,283 | €1,052,215 | -€35,067 | -3.2% |
| Land and buildings | 22 | €1,078,672 | €1,045,353 | -€33,318 | -3.1% |
| Plant, machinery and equipment | 23 | €8,345 | €6,182 | -€2,164 | -25.9% |
| Furniture and vehicles | 24 | €266 | €680 | +€414 | +156% |
| Current assets | 29/58 | €48,157 | €81,100 | +€32,943 | +68.4% |
| Amounts receivable within one year | 40/41 | €16,156 | €79,435 | +€63,280 | +392% |
| Trade receivables | 40 | €16,156 | €16,781 | +€625 | +3.9% |
| Other amounts receivable | 41 | - | €62,654 | +€62,654 | |
| Cash at bank and in hand | 54/58 | €30,573 | €0 | -€30,573 | -100% |
| Deferred charges and accrued income | 490/1 | €1,429 | €1,665 | +€237 | +16.6% |
| Total equity and liabilities | 10/49 | €1,135,440 | €1,133,316 | -€2,124 | -0.2% |
| Equity | 10/15 | €1,125,934 | €1,085,040 | -€40,894 | -3.6% |
| Contributions | 10/11 | €867,009 | €867,009 | = | 0.0% |
| Reserves | 13 | €74,426 | €74,426 | = | 0.0% |
| Distributable reserves | 133 | €74,426 | €74,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,499 | €143,605 | -€40,894 | -22.2% |
| Amounts payable | 17/49 | €9,506 | €48,276 | +€38,769 | +408% |
| Amounts payable within one year | 42/48 | €9,506 | €48,276 | +€38,769 | +408% |
| Current portion of amounts payable after more than one year | 42 | €2,290 | €2,290 | = | 0.0% |
| Financial debts | 43 | - | €37,327 | +€37,327 | |
| Credit institutions | 430/8 | - | €37,327 | +€37,327 | |
| Trade debts | 44 | €960 | €2,540 | +€1,580 | +165% |
| Suppliers | 440/4 | €960 | €2,540 | +€1,580 | +165% |
| Taxes, remuneration and social security | 45 | €5,422 | €119 | -€5,303 | -97.8% |
| Taxes | 450/3 | €5,422 | €119 | -€5,303 | -97.8% |
| Other amounts payable | 47/48 | €835 | €6,000 | +€5,166 | +619% |
| Remuneration, social security and pensions | 62 | €5,106 | €0 | -€5,106 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,652 | €37,572 | -€1,080 | -2.8% |
| Other operating charges | 640/8 | €15,125 | €14,020 | -€1,105 | -7.3% |
| Non-recurring operating charges | 66A | €240 | €31,584 | +€31,344 | +13,061% |
| Gross operating margin | 9900 | €54,928 | €45,241 | -€9,687 | -17.6% |
| Operating profit (loss) | 9901 | -€4,195 | -€37,934 | -€33,739 | -804% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €587 | €2,960 | +€2,372 | +404% |
| Recurring financial charges | 65 | €587 | €2,960 | +€2,372 | +404% |
| Profit (loss) for the period before taxes | 9903 | -€4,779 | -€40,894 | -€36,115 | -756% |
| Profit (loss) for the period | 9904 | -€4,779 | -€40,894 | -€36,115 | -756% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,779 | -€40,894 | -€36,115 | -756% |
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 28 October 2026 via checked.be.