RB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables after one year -€35,000
down €35,000 (-21.1%), from €165,900 to €130,900
- Cash +€19,770
up €19,770 (+33.7%), from €58,727 to €78,497
mainly Receivables after one year (+€35,000) and Net result for the year (+€21,728)
- Receivables within one year -€10,572
down €10,572 (-64.3%), from €16,447 to €5,874
of which Trade receivables: -€5,616
- Tangible fixed assets -€3,898
no longer reported in 2025 (was €3,898)
of which Furniture and vehicles: -€2,810
- Deferred charges and accrued income +€3,743
up €3,743 (+14.1%), from €26,488 to €30,231
- Other debts -€45,657
down €45,657 (-97.4%), from €46,880 to €1,223
- Reserves +€21,728
up €21,728 (+11.5%), from €189,352 to €211,080
- Gross operating margin +€21,490
up €21,490 (+119%), from €18,031 to €39,521
- Taxes +€12,540
up €12,540 (+258%), from €4,857 to €17,397
- Depreciation -€9,250
down €9,250 (-70.4%), from €13,148 to €3,898
- Other operating charges -€2,355
down €2,355 (-84.0%), from €2,804 to €449
- Financial income -€1,668
down €1,668 (-29.4%), from €5,679 to €4,011
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 | €271,459 | €245,502 | -€25,957 | -9.6% |
| Fixed assets | 21/28 | €3,898 | - | -€3,898 | |
| Tangible fixed assets | 22/27 | €3,898 | - | -€3,898 | |
| Land and buildings | 22 | €1,088 | - | -€1,088 | |
| Furniture and vehicles | 24 | €2,810 | - | -€2,810 | |
| Current assets | 29/58 | €267,562 | €245,502 | -€22,060 | -8.2% |
| Amounts receivable after more than one year | 29 | €165,900 | €130,900 | -€35,000 | -21.1% |
| Other amounts receivable | 291 | €165,900 | €130,900 | -€35,000 | -21.1% |
| Amounts receivable within one year | 40/41 | €16,447 | €5,874 | -€10,572 | -64.3% |
| Trade receivables | 40 | €5,616 | - | -€5,616 | |
| Other amounts receivable | 41 | €10,831 | €5,874 | -€4,957 | -45.8% |
| Cash at bank and in hand | 54/58 | €58,727 | €78,497 | +€19,770 | +33.7% |
| Deferred charges and accrued income | 490/1 | €26,488 | €30,231 | +€3,743 | +14.1% |
| Total equity and liabilities | 10/49 | €271,459 | €245,502 | -€25,957 | -9.6% |
| Equity | 10/15 | €207,952 | €229,680 | +€21,728 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,352 | €211,080 | +€21,728 | +11.5% |
| Distributable reserves | 133 | €189,352 | €211,080 | +€21,728 | +11.5% |
| Amounts payable | 17/49 | €63,508 | €15,822 | -€47,685 | -75.1% |
| Amounts payable within one year | 42/48 | €63,508 | €15,272 | -€48,235 | -76.0% |
| Trade debts | 44 | €1,397 | €872 | -€525 | -37.6% |
| Suppliers | 440/4 | €1,397 | €872 | -€525 | -37.6% |
| Taxes, remuneration and social security | 45 | €15,231 | €13,178 | -€2,054 | -13.5% |
| Taxes | 450/3 | €15,231 | €13,178 | -€2,054 | -13.5% |
| Other amounts payable | 47/48 | €46,880 | €1,223 | -€45,657 | -97.4% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,148 | €3,898 | -€9,250 | -70.4% |
| Other operating charges | 640/8 | €2,804 | €449 | -€2,355 | -84.0% |
| Gross operating margin | 9900 | €18,031 | €39,521 | +€21,490 | +119% |
| Operating profit (loss) | 9901 | €2,079 | €35,174 | +€33,095 | +1,592% |
| Financial income | 75/76B | €5,679 | €4,011 | -€1,668 | -29.4% |
| Recurring financial income | 75 | €5,679 | €4,011 | -€1,668 | -29.4% |
| Financial charges | 65/66B | €47 | €60 | +€13 | +27.7% |
| Recurring financial charges | 65 | €47 | €60 | +€13 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €7,711 | €39,125 | +€31,414 | +407% |
| Income taxes | 67/77 | €4,857 | €17,397 | +€12,540 | +258% |
| Profit (loss) for the period | 9904 | €2,854 | €21,728 | +€18,874 | +661% |
| Profit (loss) for the period to be appropriated | 9905 | €2,854 | €21,728 | +€18,874 | +661% |
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 13 October 2026 via checked.be.