RBO: 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.
RBO
Largest movements
- Receivables within one year +€46,409
up €46,409 (+203%), from €22,823 to €69,232
of which Trade receivables: +€43,284
- Cash +€43,662
up €43,662 (+546%), from €7,991 to €51,653
mainly Net result for the year (+€92,392) and Tax, wage and social debts (+€13,079)
- Profit (loss) carried forward +€92,392
up €92,392 (+82.7%), from -€111,718 to -€19,326
- Other debts -€16,289
down €16,289 (-67.5%), from €24,117 to €7,829
- Tax, wage and social debts +€13,079
up €13,079 (+589%), from €2,221 to €15,300
- Gross operating margin +€87,857
up €87,857 (+1,087%), from €8,080 to €95,937
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 | €40,066 | €130,038 | +€89,972 | +225% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,252 | €8,278 | -€974 | -10.5% |
| Tangible fixed assets | 22/27 | €9,252 | €8,278 | -€974 | -10.5% |
| Plant, machinery and equipment | 23 | €103 | €0 | -€103 | -100% |
| Furniture and vehicles | 24 | €9,150 | €8,278 | -€872 | -9.5% |
| Current assets | 29/58 | €30,814 | €121,760 | +€90,946 | +295% |
| Amounts receivable within one year | 40/41 | €22,823 | €69,232 | +€46,409 | +203% |
| Trade receivables | 40 | €20,846 | €64,130 | +€43,284 | +208% |
| Other amounts receivable | 41 | €1,977 | €5,102 | +€3,125 | +158% |
| Cash at bank and in hand | 54/58 | €7,991 | €51,653 | +€43,662 | +546% |
| Deferred charges and accrued income | 490/1 | - | €875 | +€875 | |
| Total equity and liabilities | 10/49 | €40,066 | €130,038 | +€89,972 | +225% |
| Equity | 10/15 | €11,403 | €103,794 | +€92,392 | +810% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,720 | €110,720 | = | 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 | €108,860 | €108,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,718 | -€19,326 | +€92,392 | +82.7% |
| Amounts payable | 17/49 | €28,664 | €26,244 | -€2,420 | -8.4% |
| Amounts payable within one year | 42/48 | €28,664 | €26,244 | -€2,420 | -8.4% |
| Trade debts | 44 | €2,325 | €3,115 | +€790 | +34.0% |
| Suppliers | 440/4 | €2,325 | €3,115 | +€790 | +34.0% |
| Taxes, remuneration and social security | 45 | €2,221 | €15,300 | +€13,079 | +589% |
| Taxes | 450/3 | €2,221 | €15,300 | +€13,079 | +589% |
| Other amounts payable | 47/48 | €24,117 | €7,829 | -€16,289 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €2,799 | +€148 | +5.6% |
| Other operating charges | 640/8 | €236 | €500 | +€264 | +112% |
| Gross operating margin | 9900 | €8,080 | €95,937 | +€87,857 | +1,087% |
| Operating profit (loss) | 9901 | €5,193 | €92,638 | +€87,446 | +1,684% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €30 | €83 | +€53 | +176% |
| Recurring financial charges | 65 | €30 | €83 | +€53 | +176% |
| Profit (loss) for the period before taxes | 9903 | €5,163 | €92,556 | +€87,393 | +1,693% |
| Income taxes | 67/77 | €154 | €164 | +€10 | +6.8% |
| Profit (loss) for the period | 9904 | €5,009 | €92,392 | +€87,382 | +1,744% |
| Profit (loss) for the period to be appropriated | 9905 | €5,009 | €92,392 | +€87,382 | +1,744% |
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 20 October 2026 via checked.be.