RBE86: 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.
RBE86
Largest movements
- Stocks and contracts -€120,727
down €120,727 (-58.1%), from €207,712 to €86,985
- Tangible fixed assets -€111,813
down €111,813 (-42.2%), from €265,094 to €153,281
of which Land and buildings: -€95,434
- Receivables within one year -€30,814
down €30,814 (-90.5%), from €34,068 to €3,253
of which Trade receivables: -€30,819
- Intangible fixed assets -€14,000
down €14,000 (-40.0%), from €35,000 to €21,000
- Other debts -€112,319
down €112,319 (-69.6%), from €161,360 to €49,041
- Debts after one year -€92,773
down €92,773 (-50.8%), from €182,591 to €89,819
- Trade debts -€72,939
down €72,939 (-72.1%), from €101,175 to €28,236
- Current portion of long-term debt -€12,300
down €12,300 (-30.5%), from €40,263 to €27,963
- Advances received +€6,209
up €6,209 (+50.1%), from €12,386 to €18,595
- Financial charges -€35,140
down €35,140 (-70.0%), from €50,222 to €15,082
- Gross operating margin +€13,551
up €13,551 (+17.5%), from €77,361 to €90,912
- Staff costs +€6,150
up €6,150 (+19.9%), from €30,864 to €37,014
- Depreciation -€6,051
down €6,051 (-15.7%), from €38,468 to €32,417
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 | €560,596 | €278,122 | -€282,474 | -50.4% |
| Fixed assets | 21/28 | €300,094 | €174,281 | -€125,813 | -41.9% |
| Intangible fixed assets | 21 | €35,000 | €21,000 | -€14,000 | -40.0% |
| Tangible fixed assets | 22/27 | €265,094 | €153,281 | -€111,813 | -42.2% |
| Land and buildings | 22 | €214,384 | €118,950 | -€95,434 | -44.5% |
| Plant, machinery and equipment | 23 | €2,558 | €636 | -€1,922 | -75.1% |
| Furniture and vehicles | 24 | €3,774 | €874 | -€2,900 | -76.8% |
| Leasing and similar rights | 25 | €32,521 | €23,100 | -€9,421 | -29.0% |
| Other tangible fixed assets | 26 | €11,858 | €9,721 | -€2,137 | -18.0% |
| Current assets | 29/58 | €260,501 | €103,841 | -€156,661 | -60.1% |
| Stocks and contracts in progress | 3 | €207,712 | €86,985 | -€120,727 | -58.1% |
| Stocks | 30/36 | €207,712 | €86,985 | -€120,727 | -58.1% |
| Amounts receivable within one year | 40/41 | €34,068 | €3,253 | -€30,814 | -90.5% |
| Trade receivables | 40 | €34,068 | €3,248 | -€30,819 | -90.5% |
| Other amounts receivable | 41 | €0 | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €15,005 | €9,522 | -€5,483 | -36.5% |
| Deferred charges and accrued income | 490/1 | €3,716 | €4,081 | +€364 | +9.8% |
| Total equity and liabilities | 10/49 | €560,596 | €278,122 | -€282,474 | -50.4% |
| Equity | 10/15 | -€9,384 | -€6,236 | +€3,148 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,360 | €18,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,344 | -€43,196 | +€3,148 | +6.8% |
| Amounts payable | 17/49 | €569,980 | €284,358 | -€285,622 | -50.1% |
| Amounts payable after more than one year | 17 | €182,591 | €89,819 | -€92,773 | -50.8% |
| Financial debts | 170/4 | €182,591 | €89,819 | -€92,773 | -50.8% |
| Amounts payable within one year | 42/48 | €379,392 | €190,985 | -€188,407 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €40,263 | €27,963 | -€12,300 | -30.5% |
| Financial debts | 43 | €39,999 | €39,900 | -€99 | -0.2% |
| Credit institutions | 430/8 | €39,999 | €39,900 | -€99 | -0.2% |
| Trade debts | 44 | €101,175 | €28,236 | -€72,939 | -72.1% |
| Suppliers | 440/4 | €101,175 | €28,236 | -€72,939 | -72.1% |
| Advances received on contracts in progress | 46 | €12,386 | €18,595 | +€6,209 | +50.1% |
| Taxes, remuneration and social security | 45 | €24,209 | €27,251 | +€3,042 | +12.6% |
| Taxes | 450/3 | €19,652 | €21,642 | +€1,990 | +10.1% |
| Remuneration and social security | 454/9 | €4,558 | €5,609 | +€1,052 | +23.1% |
| Other amounts payable | 47/48 | €161,360 | €49,041 | -€112,319 | -69.6% |
| Accrued charges and deferred income | 492/3 | €7,996 | €3,554 | -€4,442 | -55.6% |
| Non-recurring operating income | 76A | - | €79,566 | +€79,566 | |
| Remuneration, social security and pensions | 62 | €30,864 | €37,014 | +€6,150 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,468 | €32,417 | -€6,051 | -15.7% |
| Other operating charges | 640/8 | €4,327 | €3,616 | -€711 | -16.4% |
| Gross operating margin | 9900 | €77,361 | €90,912 | +€13,551 | +17.5% |
| Operating profit (loss) | 9901 | €3,702 | €17,865 | +€14,163 | +382.6% |
| Financial income | 75/76B | €424 | €365 | -€59 | -14.0% |
| Recurring financial income | 75 | €424 | €365 | -€59 | -14.0% |
| Financial charges | 65/66B | €50,222 | €15,082 | -€35,140 | -70.0% |
| Recurring financial charges | 65 | €50,222 | €15,082 | -€35,140 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,095 | €3,148 | +€49,244 | |
| Income taxes | 67/77 | €249 | €0 | -€249 | -100.0% |
| Profit (loss) for the period | 9904 | -€46,344 | €3,148 | +€49,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,344 | €3,148 | +€49,492 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.