RBL: 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.
RBL
Largest movements
- Tangible fixed assets -€6,903
down €6,903 (-22.3%), from €30,965 to €24,062
of which Plant, machinery and equipment: -€3,868
- Profit (loss) carried forward -€10,469
down €10,469 (-11.6%), from -€90,620 to -€101,089
- Write-downs -€62,520
no longer reported in 2025 (was €62,520)
- Turnover -€1,800
down €1,800 (-75.0%), from €2,400 to €600
- Gross operating margin -€1,737
down €1,737 (-162.2%), from -€1,071 to -€2,809
- Purchases and services -€63
down €63 (-1.8%), from €3,471 to €3,409
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 | €321,920 | €314,687 | -€7,234 | -2.2% |
| Fixed assets | 21/28 | €31,015 | €24,112 | -€6,903 | -22.3% |
| Tangible fixed assets | 22/27 | €30,965 | €24,062 | -€6,903 | -22.3% |
| Land and buildings | 22 | €9,088 | €6,570 | -€2,518 | -27.7% |
| Plant, machinery and equipment | 23 | €21,243 | €17,375 | -€3,868 | -18.2% |
| Furniture and vehicles | 24 | €634 | €117 | -€517 | -81.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €290,905 | €290,575 | -€330 | -0.1% |
| Amounts receivable within one year | 40/41 | €290,702 | €290,436 | -€266 | -0.1% |
| Trade receivables | 40 | €200 | - | -€200 | |
| Other amounts receivable | 41 | €290,502 | €290,436 | -€66 | 0.0% |
| Cash at bank and in hand | 54/58 | €142 | €139 | -€3 | -2.4% |
| Deferred charges and accrued income | 490/1 | €61 | - | -€61 | |
| Total equity and liabilities | 10/49 | €321,920 | €314,687 | -€7,234 | -2.2% |
| Equity | 10/15 | €76,563 | €66,094 | -€10,469 | -13.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €160,977 | €160,977 | = | 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 | €159,117 | €159,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,620 | -€101,089 | -€10,469 | -11.6% |
| Amounts payable | 17/49 | €245,358 | €248,593 | +€3,235 | +1.3% |
| Amounts payable within one year | 42/48 | €244,970 | €248,586 | +€3,616 | +1.5% |
| Trade debts | 44 | €200 | €2,318 | +€2,119 | +1061.3% |
| Suppliers | 440/4 | €200 | €2,318 | +€2,119 | +1061.3% |
| Other amounts payable | 47/48 | €244,771 | €246,268 | +€1,498 | +0.6% |
| Accrued charges and deferred income | 492/3 | €387 | €6 | -€381 | -98.4% |
| Turnover | 70 | €2,400 | €600 | -€1,800 | -75.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,471 | €3,409 | -€63 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,903 | €6,903 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,520 | - | -€62,520 | |
| Other operating charges | 640/8 | €576 | €567 | -€9 | -1.5% |
| Gross operating margin | 9900 | -€1,071 | -€2,809 | -€1,737 | -162.2% |
| Operating profit (loss) | 9901 | -€71,070 | -€10,279 | +€60,791 | +85.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €174 | €190 | +€16 | +9.2% |
| Recurring financial charges | 65 | €174 | €190 | +€16 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€71,244 | -€10,469 | +€60,775 | +85.3% |
| Profit (loss) for the period | 9904 | -€71,244 | -€10,469 | +€60,775 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,244 | -€10,469 | +€60,775 | +85.3% |
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 29 September 2026 via checked.be.