RBR: 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.
RBR
Largest movements
- Cash -€18,207
no longer reported in 2025 (was €18,207)
mainly Receivables within one year (-€14,171) and Stocks and contracts (-€10,982)
- Receivables within one year +€14,171
up €14,171 (+132%), from €10,708 to €24,879
of which Other amounts receivable: +€15,801
- Stocks and contracts +€10,982
new in 2025: €10,982
of which Contracts in progress: +€6,200
- Tangible fixed assets -€5,620
down €5,620 (-22.5%), from €25,031 to €19,411
- Debts after one year -€6,763
down €6,763 (-59.1%), from €11,444 to €4,681
- Short-term financial debts +€3,503
new in 2025: €3,503
- Reserves +€3,395
up €3,395 (+26.5%), from €12,829 to €16,224
- Tax, wage and social debts +€1,936
up €1,936 (+50.7%), from €3,819 to €5,755
- Trade debts -€813
down €813 (-5.2%), from €15,727 to €14,915
- Gross operating margin -€9,010
down €9,010 (-42.3%), from €21,276 to €12,266
- Depreciation +€2,552
up €2,552 (+83.2%), from €3,067 to €5,620
- Taxes -€1,821
down €1,821 (-51.8%), from €3,516 to €1,695
- Financial income +€493
up €493 (+179%), from €275 to €768
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 | €53,945 | €55,468 | +€1,523 | +2.8% |
| Fixed assets | 21/28 | €25,031 | €19,411 | -€5,620 | -22.5% |
| Tangible fixed assets | 22/27 | €25,031 | €19,411 | -€5,620 | -22.5% |
| Furniture and vehicles | 24 | €25,031 | €19,411 | -€5,620 | -22.5% |
| Current assets | 29/58 | €28,914 | €36,057 | +€7,142 | +24.7% |
| Stocks and contracts in progress | 3 | - | €10,982 | +€10,982 | |
| Stocks | 30/36 | - | €4,782 | +€4,782 | |
| Contracts in progress | 37 | - | €6,200 | +€6,200 | |
| Amounts receivable within one year | 40/41 | €10,708 | €24,879 | +€14,171 | +132% |
| Trade receivables | 40 | €1,630 | - | -€1,630 | |
| Other amounts receivable | 41 | €9,078 | €24,879 | +€15,801 | +174% |
| Cash at bank and in hand | 54/58 | €18,207 | - | -€18,207 | |
| Deferred charges and accrued income | 490/1 | - | €197 | +€197 | |
| Total equity and liabilities | 10/49 | €53,945 | €55,468 | +€1,523 | +2.8% |
| Equity | 10/15 | €16,329 | €19,724 | +€3,395 | +20.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €12,829 | €16,224 | +€3,395 | +26.5% |
| Distributable reserves | 133 | €12,829 | €16,224 | +€3,395 | +26.5% |
| Amounts payable | 17/49 | €37,616 | €35,744 | -€1,872 | -5.0% |
| Amounts payable after more than one year | 17 | €11,444 | €4,681 | -€6,763 | -59.1% |
| Financial debts | 170/4 | €11,444 | €4,681 | -€6,763 | -59.1% |
| Amounts payable within one year | 42/48 | €26,012 | €30,935 | +€4,924 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €6,466 | €6,763 | +€298 | +4.6% |
| Financial debts | 43 | - | €3,503 | +€3,503 | |
| Credit institutions | 430/8 | - | €3,503 | +€3,503 | |
| Trade debts | 44 | €15,727 | €14,915 | -€813 | -5.2% |
| Suppliers | 440/4 | €15,727 | €14,915 | -€813 | -5.2% |
| Taxes, remuneration and social security | 45 | €3,819 | €5,755 | +€1,936 | +50.7% |
| Taxes | 450/3 | €3,819 | €5,755 | +€1,936 | +50.7% |
| Accrued charges and deferred income | 492/3 | €160 | €128 | -€32 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,067 | €5,620 | +€2,552 | +83.2% |
| Other operating charges | 640/8 | €1,358 | €1,368 | +€10 | +0.7% |
| Gross operating margin | 9900 | €21,276 | €12,266 | -€9,010 | -42.3% |
| Operating profit (loss) | 9901 | €16,851 | €5,279 | -€11,572 | -68.7% |
| Financial income | 75/76B | €275 | €768 | +€493 | +179% |
| Recurring financial income | 75 | €275 | €768 | +€493 | +179% |
| Financial charges | 65/66B | €780 | €956 | +€176 | +22.6% |
| Recurring financial charges | 65 | €780 | €956 | +€176 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €16,345 | €5,090 | -€11,255 | -68.9% |
| Income taxes | 67/77 | €3,516 | €1,695 | -€1,821 | -51.8% |
| Profit (loss) for the period | 9904 | €12,829 | €3,395 | -€9,434 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,829 | €3,395 | -€9,434 | -73.5% |
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 14 October 2026 via checked.be.