RB&Romain: 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&Romain
Largest movements
- Receivables within one year +€81,674
up €81,674 (+869%), from €9,399 to €91,073
of which Trade receivables: +€81,757
- Stocks and contracts +€41,016
up €41,016 (+103%), from €39,731 to €80,746
- Tangible fixed assets -€30,735
down €30,735 (-6.5%), from €473,696 to €442,962
of which Plant, machinery and equipment: -€23,311
- Trade debts +€105,949
up €105,949 (+287%), from €36,859 to €142,808
- Debts after one year -€38,610
down €38,610 (-11.7%), from €330,171 to €291,561
- Other debts +€23,092
up €23,092 (+24.7%), from €93,663 to €116,754
- Short-term financial debts +€18,940
up €18,940 (+337%), from €5,620 to €24,560
- Profit (loss) carried forward -€18,164
down €18,164 (-93.4%), from €19,447 to €1,283
- Depreciation +€18,703
up €18,703 (+58.4%), from €32,032 to €50,735
- Financial charges +€13,132
up €13,132 (+108%), from €12,183 to €25,315
- Gross operating margin -€11,608
down €11,608 (-19.4%), from €59,719 to €48,111
- Financial income +€9,269
up €9,269 (+549%), from €1,688 to €10,957
- Other operating charges +€748
up €748 (+172%), from €434 to €1,182
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €526,696 | €623,219 | +€96,522 | +18.3% |
| Fixed assets | 21/28 | €475,336 | €444,602 | -€30,735 | -6.5% |
| Tangible fixed assets | 22/27 | €473,696 | €442,962 | -€30,735 | -6.5% |
| Land and buildings | 22 | €329,507 | €313,935 | -€15,572 | -4.7% |
| Plant, machinery and equipment | 23 | €130,529 | €107,219 | -€23,311 | -17.9% |
| Furniture and vehicles | 24 | €13,660 | €21,807 | +€8,148 | +59.6% |
| Financial fixed assets | 28 | €1,640 | €1,640 | = | 0.0% |
| Current assets | 29/58 | €51,360 | €178,617 | +€127,257 | +248% |
| Stocks and contracts in progress | 3 | €39,731 | €80,746 | +€41,016 | +103% |
| Stocks | 30/36 | €39,731 | €80,746 | +€41,016 | +103% |
| Amounts receivable within one year | 40/41 | €9,399 | €91,073 | +€81,674 | +869% |
| Trade receivables | 40 | €9,315 | €91,073 | +€81,757 | +878% |
| Other amounts receivable | 41 | €83 | - | -€83 | |
| Cash at bank and in hand | 54/58 | €1,458 | €6,525 | +€5,067 | +347% |
| Deferred charges and accrued income | 490/1 | €772 | €273 | -€499 | -64.7% |
| Total equity and liabilities | 10/49 | €526,696 | €623,219 | +€96,522 | +18.3% |
| Equity | 10/15 | €27,507 | €9,343 | -€18,164 | -66.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,447 | €1,283 | -€18,164 | -93.4% |
| Amounts payable | 17/49 | €499,189 | €613,876 | +€114,686 | +23.0% |
| Amounts payable after more than one year | 17 | €330,171 | €291,561 | -€38,610 | -11.7% |
| Financial debts | 170/4 | €330,171 | €291,561 | -€38,610 | -11.7% |
| Amounts payable within one year | 42/48 | €169,019 | €322,315 | +€153,296 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €29,277 | €31,071 | +€1,794 | +6.1% |
| Financial debts | 43 | €5,620 | €24,560 | +€18,940 | +337% |
| Credit institutions | 430/8 | €5,620 | €24,560 | +€18,940 | +337% |
| Trade debts | 44 | €36,859 | €142,808 | +€105,949 | +287% |
| Suppliers | 440/4 | €36,859 | €142,808 | +€105,949 | +287% |
| Taxes, remuneration and social security | 45 | €3,600 | €7,122 | +€3,522 | +97.8% |
| Taxes | 450/3 | - | €4,566 | +€4,566 | |
| Remuneration and social security | 454/9 | €3,600 | €2,556 | -€1,044 | -29.0% |
| Other amounts payable | 47/48 | €93,663 | €116,754 | +€23,092 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,032 | €50,735 | +€18,703 | +58.4% |
| Other operating charges | 640/8 | €434 | €1,182 | +€748 | +172% |
| Gross operating margin | 9900 | €59,719 | €48,111 | -€11,608 | -19.4% |
| Operating profit (loss) | 9901 | €27,252 | -€3,806 | -€31,058 | |
| Financial income | 75/76B | €1,688 | €10,957 | +€9,269 | +549% |
| Recurring financial income | 75 | €1,688 | €10,957 | +€9,269 | +549% |
| Financial charges | 65/66B | €12,183 | €25,315 | +€13,132 | +108% |
| Recurring financial charges | 65 | €12,183 | €25,315 | +€13,132 | +108% |
| Profit (loss) for the period before taxes | 9903 | €16,758 | -€18,164 | -€34,921 | |
| Profit (loss) for the period | 9904 | €16,758 | -€18,164 | -€34,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,758 | -€18,164 | -€34,921 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.