RBG PARTNERS: 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.
RBG PARTNERS
Largest movements
- Tangible fixed assets -€11,584
down €11,584 (-12.0%), from €96,814 to €85,231
of which Plant, machinery and equipment: -€10,815
- Cash -€2,211
down €2,211 (-61.5%), from €3,598 to €1,386
mainly Other debts (-€43,947) and Investment in fixed assets (net) (-€6,853)
- Other debts -€43,947
down €43,947 (-60.0%), from €73,285 to €29,337
- Profit (loss) carried forward +€33,111
up €33,111 (+88.2%), from -€37,558 to -€4,447
- Tax, wage and social debts +€6,922
up €6,922 (+598%), from €1,158 to €8,080
of which Taxes: +€4,036
- Debts after one year -€4,826
down €4,826 (-22.1%), from €21,823 to €16,997
of which Financial debts: -€2,858
- Trade debts -€3,432
down €3,432 (-8.3%), from €41,266 to €37,834
- Staff costs +€58,639
up €58,639 (+113%), from €51,935 to €110,574
- Gross operating margin +€38,026
up €38,026 (+34.8%), from €109,132 to €147,159
- Financial income +€18,200
up €18,200 (+1,936,130%), from €1 to €18,201
- Financial charges -€9,558
down €9,558 (-74.4%), from €12,851 to €3,293
of which Financial charges: -€7,933
- Depreciation -€5,482
down €5,482 (-23.7%), from €23,119 to €17,637
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 | €119,071 | €105,660 | -€13,411 | -11.3% |
| Fixed assets | 21/28 | €97,064 | €86,281 | -€10,784 | -11.1% |
| Tangible fixed assets | 22/27 | €96,814 | €85,231 | -€11,584 | -12.0% |
| Plant, machinery and equipment | 23 | €96,046 | €85,231 | -€10,815 | -11.3% |
| Furniture and vehicles | 24 | €769 | - | -€769 | |
| Financial fixed assets | 28 | €250 | €1,050 | +€800 | +320% |
| Current assets | 29/58 | €22,006 | €19,379 | -€2,628 | -11.9% |
| Stocks and contracts in progress | 3 | €15,979 | €15,234 | -€745 | -4.7% |
| Stocks | 30/36 | €15,979 | €15,234 | -€745 | -4.7% |
| Amounts receivable within one year | 40/41 | €2,377 | €2,759 | +€382 | +16.1% |
| Trade receivables | 40 | €1,634 | €2,759 | +€1,124 | +68.8% |
| Other amounts receivable | 41 | €742 | - | -€742 | |
| Cash at bank and in hand | 54/58 | €3,598 | €1,386 | -€2,211 | -61.5% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €119,071 | €105,660 | -€13,411 | -11.3% |
| Equity | 10/15 | -€22,558 | €10,553 | +€33,111 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,558 | -€4,447 | +€33,111 | +88.2% |
| Amounts payable | 17/49 | €141,629 | €95,107 | -€46,523 | -32.8% |
| Amounts payable after more than one year | 17 | €21,823 | €16,997 | -€4,826 | -22.1% |
| Financial debts | 170/4 | €11,791 | €8,933 | -€2,858 | -24.2% |
| Other amounts payable | 178/9 | €10,032 | €8,064 | -€1,968 | -19.6% |
| Amounts payable within one year | 42/48 | €119,806 | €78,110 | -€41,696 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €2,760 | €2,858 | +€98 | +3.6% |
| Trade debts | 44 | €41,266 | €37,834 | -€3,432 | -8.3% |
| Suppliers | 440/4 | €41,266 | €37,834 | -€3,432 | -8.3% |
| Advances received on contracts in progress | 46 | €1,337 | - | -€1,337 | |
| Taxes, remuneration and social security | 45 | €1,158 | €8,080 | +€6,922 | +598% |
| Taxes | 450/3 | - | €4,036 | +€4,036 | |
| Remuneration and social security | 454/9 | €1,158 | €4,044 | +€2,886 | +249% |
| Other amounts payable | 47/48 | €73,285 | €29,337 | -€43,947 | -60.0% |
| Remuneration, social security and pensions | 62 | €51,935 | €110,574 | +€58,639 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,119 | €17,637 | -€5,482 | -23.7% |
| Other operating charges | 640/8 | €1,387 | €744 | -€643 | -46.4% |
| Gross operating margin | 9900 | €109,132 | €147,159 | +€38,026 | +34.8% |
| Operating profit (loss) | 9901 | €32,691 | €18,204 | -€14,487 | -44.3% |
| Financial income | 75/76B | €1 | €18,201 | +€18,200 | +1,936,130% |
| Recurring financial income | 75 | €1 | €18,201 | +€18,200 | +1,936,130% |
| Financial charges | 65/66B | €12,851 | €3,293 | -€9,558 | -74.4% |
| Recurring financial charges | 65 | €10,771 | €2,838 | -€7,933 | -73.7% |
| Non-recurring financial charges | 66B | €2,080 | €455 | -€1,625 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €19,840 | €33,111 | +€13,271 | +66.9% |
| Profit (loss) for the period | 9904 | €19,840 | €33,111 | +€13,271 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,840 | €33,111 | +€13,271 | +66.9% |
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 24 October 2026 via checked.be.