RB PROJECT: 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 PROJECT
Largest movements
- Tangible fixed assets -€20,542
down €20,542 (-3.5%), from €589,831 to €569,289
of which Land and buildings: -€16,193
- Debts after one year -€35,978
down €35,978 (-6.3%), from €570,958 to €534,980
- Profit (loss) carried forward +€13,669
up €13,669 (+69.1%), from -€19,778 to -€6,109
- Gross operating margin -€13,927
down €13,927 (-26.6%), from €52,270 to €38,343
- Financial charges -€13,611
down €13,611 (-99.0%), from €13,746 to €135
- Other operating charges -€2,330
down €2,330 (-37.3%), from €6,248 to €3,918
- Depreciation +€1,117
up €1,117 (+5.7%), from €19,425 to €20,542
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,964 | €574,288 | -€21,676 | -3.6% |
| Fixed assets | 21/28 | €590,181 | €569,639 | -€20,542 | -3.5% |
| Tangible fixed assets | 22/27 | €589,831 | €569,289 | -€20,542 | -3.5% |
| Land and buildings | 22 | €570,717 | €554,525 | -€16,193 | -2.8% |
| Other tangible fixed assets | 26 | €19,113 | €14,764 | -€4,349 | -22.8% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €5,784 | €4,649 | -€1,134 | -19.6% |
| Cash at bank and in hand | 54/58 | €5,784 | €4,649 | -€1,134 | -19.6% |
| Total equity and liabilities | 10/49 | €595,964 | €574,288 | -€21,676 | -3.6% |
| Equity | 10/15 | -€1,178 | €12,491 | +€13,669 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,778 | -€6,109 | +€13,669 | +69.1% |
| Amounts payable | 17/49 | €597,143 | €561,798 | -€35,345 | -5.9% |
| Amounts payable after more than one year | 17 | €570,958 | €534,980 | -€35,978 | -6.3% |
| Financial debts | 170/4 | €570,958 | €534,980 | -€35,978 | -6.3% |
| Amounts payable within one year | 42/48 | €26,185 | €26,818 | +€633 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €22,065 | €22,856 | +€791 | +3.6% |
| Trade debts | 44 | €1,922 | €2,364 | +€442 | +23.0% |
| Suppliers | 440/4 | €1,922 | €2,364 | +€442 | +23.0% |
| Other amounts payable | 47/48 | €2,198 | €1,598 | -€600 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,425 | €20,542 | +€1,117 | +5.7% |
| Other operating charges | 640/8 | €6,248 | €3,918 | -€2,330 | -37.3% |
| Non-recurring operating charges | 66A | €455 | €80 | -€375 | -82.4% |
| Gross operating margin | 9900 | €52,270 | €38,343 | -€13,927 | -26.6% |
| Operating profit (loss) | 9901 | €26,142 | €13,804 | -€12,338 | -47.2% |
| Financial charges | 65/66B | €13,746 | €135 | -€13,611 | -99.0% |
| Recurring financial charges | 65 | €13,746 | €135 | -€13,611 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €12,397 | €13,669 | +€1,272 | +10.3% |
| Profit (loss) for the period | 9904 | €12,397 | €13,669 | +€1,272 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,397 | €13,669 | +€1,272 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.