RBE: 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.
RBE
Largest movements
- Receivables within one year +€15,779
up €15,779 (+49.6%), from €31,785 to €47,564
of which Trade receivables: +€15,980
- Cash -€12,685
down €12,685 (-94.6%), from €13,404 to €720
mainly Receivables within one year (-€15,779) and Investment in fixed assets (net) (-€12,917)
- Tangible fixed assets -€6,223
down €6,223 (-25.3%), from €24,590 to €18,366
of which Furniture and vehicles: -€11,426
- Financial fixed assets +€6,000
up €6,000 (+30.0%), from €20,000 to €26,000
- Deferred charges and accrued income -€3,597
no longer reported in 2025 (was €3,597)
- Other debts +€14,119
up €14,119 (+71.5%), from €19,754 to €33,873
- Tax, wage and social debts -€9,678
down €9,678 (-74.4%), from €13,005 to €3,328
- Debts after one year -€8,626
down €8,626 (-35.7%), from €24,163 to €15,537
- Trade debts +€4,065
up €4,065 (+213%), from €1,911 to €5,976
- Current portion of long-term debt -€3,407
down €3,407 (-41.0%), from €8,300 to €4,893
- Gross operating margin +€32,237
up €32,237, from -€10,342 to €21,894
- Depreciation -€3,560
down €3,560 (-21.3%), from €16,701 to €13,141
- Other operating charges +€1,802
up €1,802 (+67.4%), from €2,672 to €4,473
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 | €115,845 | €115,120 | -€726 | -0.6% |
| Fixed assets | 21/28 | €44,590 | €44,366 | -€223 | -0.5% |
| Tangible fixed assets | 22/27 | €24,590 | €18,366 | -€6,223 | -25.3% |
| Plant, machinery and equipment | 23 | €1,225 | €6,427 | +€5,202 | +425% |
| Furniture and vehicles | 24 | €23,364 | €11,939 | -€11,426 | -48.9% |
| Financial fixed assets | 28 | €20,000 | €26,000 | +€6,000 | +30.0% |
| Current assets | 29/58 | €71,256 | €70,753 | -€502 | -0.7% |
| Stocks and contracts in progress | 3 | €22,470 | €22,470 | = | 0.0% |
| Stocks | 30/36 | €22,470 | €22,470 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,785 | €47,564 | +€15,779 | +49.6% |
| Trade receivables | 40 | €21,974 | €37,954 | +€15,980 | +72.7% |
| Other amounts receivable | 41 | €9,810 | €9,610 | -€201 | -2.0% |
| Cash at bank and in hand | 54/58 | €13,404 | €720 | -€12,685 | -94.6% |
| Deferred charges and accrued income | 490/1 | €3,597 | - | -€3,597 | |
| Total equity and liabilities | 10/49 | €115,845 | €115,120 | -€726 | -0.6% |
| Equity | 10/15 | €45,011 | €47,779 | +€2,768 | +6.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,011 | €45,779 | +€2,768 | +6.4% |
| Distributable reserves | 133 | €43,011 | €45,779 | +€2,768 | +6.4% |
| Amounts payable | 17/49 | €70,834 | €67,340 | -€3,494 | -4.9% |
| Amounts payable after more than one year | 17 | €24,163 | €15,537 | -€8,626 | -35.7% |
| Financial debts | 170/4 | €24,163 | €15,537 | -€8,626 | -35.7% |
| Amounts payable within one year | 42/48 | €46,671 | €51,803 | +€5,133 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €8,300 | €4,893 | -€3,407 | -41.0% |
| Financial debts | 43 | €3,700 | €3,733 | +€33 | +0.9% |
| Credit institutions | 430/8 | €3,700 | €3,733 | +€33 | +0.9% |
| Trade debts | 44 | €1,911 | €5,976 | +€4,065 | +213% |
| Suppliers | 440/4 | €1,911 | €5,976 | +€4,065 | +213% |
| Taxes, remuneration and social security | 45 | €13,005 | €3,328 | -€9,678 | -74.4% |
| Taxes | 450/3 | €13,005 | €3,328 | -€9,678 | -74.4% |
| Other amounts payable | 47/48 | €19,754 | €33,873 | +€14,119 | +71.5% |
| Non-recurring operating income | 76A | €2,221 | - | -€2,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,701 | €13,141 | -€3,560 | -21.3% |
| Other operating charges | 640/8 | €2,672 | €4,473 | +€1,802 | +67.4% |
| Gross operating margin | 9900 | -€10,342 | €21,894 | +€32,237 | |
| Operating profit (loss) | 9901 | -€29,715 | €4,280 | +€33,995 | |
| Financial income | 75/76B | €184 | €27 | -€158 | -85.6% |
| Recurring financial income | 75 | €184 | €27 | -€158 | -85.6% |
| Financial charges | 65/66B | €1,319 | €1,398 | +€79 | +6.0% |
| Recurring financial charges | 65 | €1,319 | €1,398 | +€79 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,849 | €2,909 | +€33,758 | |
| Income taxes | 67/77 | €209 | €141 | -€68 | -32.7% |
| Profit (loss) for the period | 9904 | -€31,059 | €2,768 | +€33,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,059 | €2,768 | +€33,827 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.