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 +€203,819
up €203,819 (+54.2%), from €376,286 to €580,106
of which Assets under construction and advance payments: +€150,929
- Receivables within one year -€103,055
down €103,055 (-11.6%), from €890,531 to €787,476
of which Other amounts receivable: -€104,429
- Cash -€28,469
down €28,469 (-100%), from €28,469 to €0
mainly Investment in fixed assets (net) (-€231,428) and Net result for the year (-€9,564)
- Debts after one year +€55,029
new in 2025: €55,029
- Current portion of long-term debt +€14,197
up €14,197, from €0 to €14,197
- Financial charges -€796,430
down €796,430 (-99.5%), from €800,530 to €4,100
of which Non-recurring financial charges: -€791,426
- Financial income -€689,041
down €689,041 (-94.3%), from €730,878 to €41,837
of which Non-recurring financial income: -€585,209
- Depreciation +€6,996
up €6,996 (+33.9%), from €20,612 to €27,608
- Gross operating margin +€768
up €768 (+5.0%), from -€15,314 to -€14,547
- Other operating charges +€299
up €299 (+6.7%), from €4,476 to €4,775
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 | €1,297,404 | €1,372,418 | +€75,015 | +5.8% |
| Fixed assets | 21/28 | €378,285 | €582,105 | +€203,819 | +53.9% |
| Tangible fixed assets | 22/27 | €376,286 | €580,106 | +€203,819 | +54.2% |
| Land and buildings | 22 | €370,014 | €349,401 | -€20,612 | -5.6% |
| Plant, machinery and equipment | 23 | - | €2,019 | +€2,019 | |
| Furniture and vehicles | 24 | - | €71,484 | +€71,484 | |
| Assets under construction and advance payments | 27 | €6,272 | €157,202 | +€150,929 | +2,406% |
| Financial fixed assets | 28 | €1,999 | €1,999 | = | 0.0% |
| Current assets | 29/58 | €919,118 | €790,314 | -€128,805 | -14.0% |
| Amounts receivable within one year | 40/41 | €890,531 | €787,476 | -€103,055 | -11.6% |
| Trade receivables | 40 | €1,000 | €2,374 | +€1,374 | +137% |
| Other amounts receivable | 41 | €889,531 | €785,102 | -€104,429 | -11.7% |
| Cash at bank and in hand | 54/58 | €28,469 | €0 | -€28,469 | -100% |
| Deferred charges and accrued income | 490/1 | €119 | €2,838 | +€2,719 | +2,283% |
| Total equity and liabilities | 10/49 | €1,297,404 | €1,372,418 | +€75,015 | +5.8% |
| Equity | 10/15 | €1,063,259 | €1,053,696 | -€9,564 | -0.9% |
| Contributions | 10/11 | €57,539 | €57,539 | = | 0.0% |
| Reserves | 13 | €4,083 | €4,083 | = | 0.0% |
| Distributable reserves | 133 | €4,083 | €4,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,001,638 | €992,074 | -€9,564 | -1.0% |
| Amounts payable | 17/49 | €234,144 | €318,722 | +€84,578 | +36.1% |
| Amounts payable after more than one year | 17 | - | €55,029 | +€55,029 | |
| Financial debts | 170/4 | - | €55,029 | +€55,029 | |
| Amounts payable within one year | 42/48 | €232,072 | €263,306 | +€31,234 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €14,197 | +€14,197 | |
| Financial debts | 43 | €0 | €7,399 | +€7,399 | |
| Credit institutions | 430/8 | €0 | €7,399 | +€7,399 | |
| Trade debts | 44 | €2,344 | €11,095 | +€8,751 | +373% |
| Suppliers | 440/4 | €2,344 | €11,095 | +€8,751 | +373% |
| Taxes, remuneration and social security | 45 | €220 | €371 | +€151 | +68.5% |
| Taxes | 450/3 | €220 | €371 | +€151 | +68.5% |
| Other amounts payable | 47/48 | €229,508 | €230,244 | +€737 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,072 | €388 | -€1,684 | -81.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,612 | €27,608 | +€6,996 | +33.9% |
| Other operating charges | 640/8 | €4,476 | €4,775 | +€299 | +6.7% |
| Gross operating margin | 9900 | -€15,314 | -€14,547 | +€768 | +5.0% |
| Operating profit (loss) | 9901 | -€40,403 | -€46,930 | -€6,527 | -16.2% |
| Financial income | 75/76B | €730,878 | €41,837 | -€689,041 | -94.3% |
| Recurring financial income | 75 | €145,669 | €41,837 | -€103,832 | -71.3% |
| Non-recurring financial income | 76B | €585,209 | €0 | -€585,209 | -100% |
| Financial charges | 65/66B | €800,530 | €4,100 | -€796,430 | -99.5% |
| Recurring financial charges | 65 | €9,104 | €4,100 | -€5,004 | -55.0% |
| Non-recurring financial charges | 66B | €791,426 | €0 | -€791,426 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€110,054 | -€9,192 | +€100,862 | +91.6% |
| Income taxes | 67/77 | €220 | €371 | +€151 | +68.5% |
| Profit (loss) for the period | 9904 | -€110,274 | -€9,564 | +€100,711 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,274 | -€9,564 | +€100,711 | +91.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.