RBR SMAK: 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 SMAK
Largest movements
- Receivables within one year +€578,528
up €578,528 (+403%), from €143,509 to €722,037
of which Other amounts receivable: +€542,690
- Cash -€256,041
down €256,041 (-55.8%), from €458,584 to €202,543
mainly Receivables within one year (-€578,528) and Investment in fixed assets (net) (-€37,732)
- Intangible fixed assets -€41,711
down €41,711 (-41.7%), from €100,107 to €58,396
- Tangible fixed assets +€24,691
up €24,691 (+52.2%), from €47,289 to €71,980
of which Furniture and vehicles: +€27,131
- Deferred charges and accrued income -€12,426
no longer reported in 2024 (was €12,426)
- Reserves +€156,400
up €156,400 (+43.6%), from €358,660 to €515,060
of which Distributable reserves: +€156,400
- Trade debts +€96,185
up €96,185 (+55.5%), from €173,391 to €269,576
- Tax, wage and social debts +€32,226
up €32,226 (+19.5%), from €165,538 to €197,763
of which Taxes: +€18,797
- Accrued charges and deferred income +€31,288
up €31,288 (+206%), from €15,173 to €46,462
- Other debts -€23,091
down €23,091 (-35.4%), from €65,228 to €42,136
- Gross operating margin +€44,805
up €44,805 (+11.0%), from €408,701 to €453,507
- Taxes +€20,317
up €20,317 (+40.0%), from €50,752 to €71,069
- Staff costs +€9,309
up €9,309 (+5.8%), from €161,260 to €170,569
- Depreciation +€7,606
up €7,606 (+16.1%), from €47,146 to €54,753
- Financial income +€4,719
new in 2024: €4,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €796,606 | €1,089,647 | +€293,041 | +36.8% |
| Fixed assets | 21/28 | €152,397 | €135,376 | -€17,021 | -11.2% |
| Intangible fixed assets | 21 | €100,107 | €58,396 | -€41,711 | -41.7% |
| Tangible fixed assets | 22/27 | €47,289 | €71,980 | +€24,691 | +52.2% |
| Plant, machinery and equipment | 23 | €7,248 | €5,398 | -€1,850 | -25.5% |
| Furniture and vehicles | 24 | €34,421 | €61,552 | +€27,131 | +78.8% |
| Other tangible fixed assets | 26 | €5,620 | €5,030 | -€590 | -10.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €644,210 | €954,271 | +€310,061 | +48.1% |
| Stocks and contracts in progress | 3 | €29,692 | €29,692 | = | 0.0% |
| Stocks | 30/36 | €29,692 | €29,692 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,509 | €722,037 | +€578,528 | +403% |
| Trade receivables | 40 | €134,519 | €170,356 | +€35,837 | +26.6% |
| Other amounts receivable | 41 | €8,990 | €551,681 | +€542,690 | +6,036% |
| Cash at bank and in hand | 54/58 | €458,584 | €202,543 | -€256,041 | -55.8% |
| Deferred charges and accrued income | 490/1 | €12,426 | - | -€12,426 | |
| Total equity and liabilities | 10/49 | €796,606 | €1,089,647 | +€293,041 | +36.8% |
| Equity | 10/15 | €377,277 | €533,710 | +€156,433 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €358,660 | €515,060 | +€156,400 | +43.6% |
| 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 | €356,800 | €513,200 | +€156,400 | +43.8% |
| Profit (loss) carried forward | 14 | €17 | €50 | +€33 | +197% |
| Amounts payable | 17/49 | €419,330 | €555,937 | +€136,608 | +32.6% |
| Amounts payable within one year | 42/48 | €404,157 | €509,476 | +€105,319 | +26.1% |
| Trade debts | 44 | €173,391 | €269,576 | +€96,185 | +55.5% |
| Suppliers | 440/4 | €173,391 | €269,576 | +€96,185 | +55.5% |
| Taxes, remuneration and social security | 45 | €165,538 | €197,763 | +€32,226 | +19.5% |
| Taxes | 450/3 | €128,802 | €147,599 | +€18,797 | +14.6% |
| Remuneration and social security | 454/9 | €36,736 | €50,164 | +€13,428 | +36.6% |
| Other amounts payable | 47/48 | €65,228 | €42,136 | -€23,091 | -35.4% |
| Accrued charges and deferred income | 492/3 | €15,173 | €46,462 | +€31,288 | +206% |
| Remuneration, social security and pensions | 62 | €161,260 | €170,569 | +€9,309 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,146 | €54,753 | +€7,606 | +16.1% |
| Other operating charges | 640/8 | €4,935 | €1,151 | -€3,785 | -76.7% |
| Gross operating margin | 9900 | €408,701 | €453,507 | +€44,805 | +11.0% |
| Operating profit (loss) | 9901 | €195,359 | €227,034 | +€31,675 | +16.2% |
| Financial income | 75/76B | - | €4,719 | +€4,719 | |
| Recurring financial income | 75 | - | €4,719 | +€4,719 | |
| Financial charges | 65/66B | €7,184 | €4,252 | -€2,932 | -40.8% |
| Recurring financial charges | 65 | €7,184 | €4,252 | -€2,932 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €188,175 | €227,502 | +€39,326 | +20.9% |
| Income taxes | 67/77 | €50,752 | €71,069 | +€20,317 | +40.0% |
| Profit (loss) for the period | 9904 | €137,424 | €156,433 | +€19,009 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,424 | €156,433 | +€19,009 | +13.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.