RBST: 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.
RBST
Largest movements
- Receivables after one year +€55,000
up €55,000 (+275%), from €20,000 to €75,000
- Cash -€46,969
down €46,969 (-72.4%), from €64,836 to €17,866
mainly Receivables after one year (-€55,000) and Contributions, distributions and other (-€28,000)
- Tangible fixed assets +€10,687
up €10,687 (+205%), from €5,204 to €15,891
of which Plant, machinery and equipment: +€11,011
- Receivables within one year -€9,430
down €9,430 (-36.8%), from €25,652 to €16,221
of which Trade receivables: -€10,500
- Deferred charges and accrued income +€2,559
up €2,559 (+642%), from €399 to €2,958
- Reserves +€13,137
up €13,137 (+11.9%), from €110,249 to €123,386
- Tax, wage and social debts -€9,813
down €9,813 (-56.2%), from €17,474 to €7,661
- Other debts +€7,256
up €7,256 (+26.4%), from €27,503 to €34,759
- Gross operating margin -€65,057
down €65,057 (-52.1%), from €124,915 to €59,858
- Taxes -€14,893
down €14,893 (-56.6%), from €26,296 to €11,404
- Financial income +€1,976
up €1,976 (+496%), from €399 to €2,375
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 | €176,091 | €187,937 | +€11,846 | +6.7% |
| Fixed assets | 21/28 | €65,204 | €75,891 | +€10,687 | +16.4% |
| Tangible fixed assets | 22/27 | €5,204 | €15,891 | +€10,687 | +205% |
| Plant, machinery and equipment | 23 | - | €11,011 | +€11,011 | |
| Furniture and vehicles | 24 | €5,204 | €4,880 | -€325 | -6.2% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €110,886 | €112,046 | +€1,160 | +1.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €75,000 | +€55,000 | +275% |
| Other amounts receivable | 291 | €20,000 | €75,000 | +€55,000 | +275% |
| Amounts receivable within one year | 40/41 | €25,652 | €16,221 | -€9,430 | -36.8% |
| Trade receivables | 40 | €25,625 | €15,125 | -€10,500 | -41.0% |
| Other amounts receivable | 41 | €27 | €1,096 | +€1,070 | +4,014% |
| Cash at bank and in hand | 54/58 | €64,836 | €17,866 | -€46,969 | -72.4% |
| Deferred charges and accrued income | 490/1 | €399 | €2,958 | +€2,559 | +642% |
| Total equity and liabilities | 10/49 | €176,091 | €187,937 | +€11,846 | +6.7% |
| Equity | 10/15 | €128,849 | €141,986 | +€13,137 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,249 | €123,386 | +€13,137 | +11.9% |
| Distributable reserves | 133 | €110,249 | €123,386 | +€13,137 | +11.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,242 | €45,951 | -€1,291 | -2.7% |
| Amounts payable within one year | 42/48 | €45,501 | €44,443 | -€1,058 | -2.3% |
| Trade debts | 44 | €524 | €2,023 | +€1,499 | +286% |
| Suppliers | 440/4 | €524 | €2,023 | +€1,499 | +286% |
| Taxes, remuneration and social security | 45 | €17,474 | €7,661 | -€9,813 | -56.2% |
| Taxes | 450/3 | €17,474 | €7,661 | -€9,813 | -56.2% |
| Other amounts payable | 47/48 | €27,503 | €34,759 | +€7,256 | +26.4% |
| Accrued charges and deferred income | 492/3 | €1,740 | €1,508 | -€233 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €2,253 | +€939 | +71.4% |
| Other operating charges | 640/8 | €1,232 | €1,799 | +€567 | +46.0% |
| Gross operating margin | 9900 | €124,915 | €59,858 | -€65,057 | -52.1% |
| Operating profit (loss) | 9901 | €122,369 | €55,806 | -€66,563 | -54.4% |
| Financial income | 75/76B | €399 | €2,375 | +€1,976 | +496% |
| Recurring financial income | 75 | €399 | €2,375 | +€1,976 | +496% |
| Financial charges | 65/66B | €6,161 | €5,640 | -€521 | -8.5% |
| Recurring financial charges | 65 | €6,161 | €5,640 | -€521 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €116,607 | €52,541 | -€64,066 | -54.9% |
| Income taxes | 67/77 | €26,296 | €11,404 | -€14,893 | -56.6% |
| Profit (loss) for the period | 9904 | €90,311 | €41,137 | -€49,173 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,311 | €41,137 | -€49,173 | -54.4% |
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 15 October 2026 via checked.be.