RB Projects: what changed
Two fiscal 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 Projects
Largest movements
- Receivables within one year -€21,301
down €21,301 (-74.0%), from €28,792 to €7,491
of which Trade receivables: -€23,506
- Stocks and contracts +€7,250
up €7,250 (+65.9%), from €11,000 to €18,250
- Cash -€5,481
down €5,481 (-78.3%), from €7,003 to €1,522
mainly Net result for the year (-€31,384) and Stocks and contracts (-€7,250)
- Tangible fixed assets -€2,343
down €2,343 (-33.0%), from €7,098 to €4,755
of which Plant, machinery and equipment: -€1,317
- Profit (loss) carried forward -€31,384
down €31,384, from €3,274 to -€28,110
- Trade debts +€15,033
up €15,033 (+282.6%), from €5,319 to €20,352
- Other debts -€4,748
down €4,748 (-38.2%), from €12,421 to €7,674
- Tax, wage and social debts -€695
down €695 (-4.9%), from €14,200 to €13,505
of which Taxes: -€3,579
- Gross operating margin -€64,208
down €64,208, from €40,538 to -€23,670
- Taxes -€8,792
down €8,792 (-90.6%), from €9,706 to €914
- Other operating charges +€933
up €933 (+49.1%), from €1,898 to €2,831
- Depreciation -€448
down €448 (-16.1%), from €2,791 to €2,343
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.
Cash bridge derived
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 | €54,251 | €32,458 | -€21,793 | -40.2% |
| Fixed assets | 21/28 | €7,098 | €4,755 | -€2,343 | -33.0% |
| Tangible fixed assets | 22/27 | €7,098 | €4,755 | -€2,343 | -33.0% |
| Plant, machinery and equipment | 23 | €4,763 | €3,446 | -€1,317 | -27.7% |
| Furniture and vehicles | 24 | €2,335 | €1,309 | -€1,026 | -43.9% |
| Current assets | 29/58 | €47,153 | €27,702 | -€19,450 | -41.2% |
| Stocks and contracts in progress | 3 | €11,000 | €18,250 | +€7,250 | +65.9% |
| Stocks | 30/36 | €11,000 | €18,250 | +€7,250 | +65.9% |
| Amounts receivable within one year | 40/41 | €28,792 | €7,491 | -€21,301 | -74.0% |
| Trade receivables | 40 | €26,876 | €3,370 | -€23,506 | -87.5% |
| Other amounts receivable | 41 | €1,916 | €4,121 | +€2,205 | +115.0% |
| Cash at bank and in hand | 54/58 | €7,003 | €1,522 | -€5,481 | -78.3% |
| Deferred charges and accrued income | 490/1 | €358 | €440 | +€82 | +22.9% |
| Total equity and liabilities | 10/49 | €54,251 | €32,458 | -€21,793 | -40.2% |
| Equity | 10/15 | €22,311 | -€9,073 | -€31,384 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €437 | €437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €437 | €437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €437 | €437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,274 | -€28,110 | -€31,384 | |
| Amounts payable | 17/49 | €31,940 | €41,531 | +€9,591 | +30.0% |
| Amounts payable within one year | 42/48 | €31,940 | €41,531 | +€9,591 | +30.0% |
| Trade debts | 44 | €5,319 | €20,352 | +€15,033 | +282.6% |
| Suppliers | 440/4 | €5,319 | €20,352 | +€15,033 | +282.6% |
| Taxes, remuneration and social security | 45 | €14,200 | €13,505 | -€695 | -4.9% |
| Taxes | 450/3 | €14,200 | €10,621 | -€3,579 | -25.2% |
| Remuneration and social security | 454/9 | €0 | €2,885 | +€2,885 | |
| Other amounts payable | 47/48 | €12,421 | €7,674 | -€4,748 | -38.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,791 | €2,343 | -€448 | -16.1% |
| Other operating charges | 640/8 | €1,898 | €2,831 | +€933 | +49.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,538 | -€23,670 | -€64,208 | |
| Operating profit (loss) | 9901 | €35,848 | -€28,844 | -€64,692 | |
| Financial income | 75/76B | €18 | €109 | +€91 | +505.1% |
| Recurring financial income | 75 | €18 | €109 | +€91 | +505.1% |
| Financial charges | 65/66B | €1,946 | €1,735 | -€212 | -10.9% |
| Recurring financial charges | 65 | €1,946 | €1,735 | -€212 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €33,920 | -€30,470 | -€64,389 | |
| Income taxes | 67/77 | €9,706 | €914 | -€8,792 | -90.6% |
| Profit (loss) for the period | 9904 | €24,214 | -€31,384 | -€55,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,214 | -€31,384 | -€55,597 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.