RBT: 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.
RBT
Largest movements
- Tangible fixed assets +€88,627
up €88,627 (+412.0%), from €21,513 to €110,140
of which Furniture and vehicles: +€87,549
- Receivables within one year +€12,587
up €12,587 (+4.3%), from €291,168 to €303,755
of which Trade receivables: +€12,733
- Cash +€7,491
up €7,491 (+173.9%), from €4,308 to €11,799
mainly Debts after one year (+€66,460) and Trade debts (+€19,570)
- Debts after one year +€66,460
new in 2025: €66,460
- Trade debts +€19,570
up €19,570 (+163.3%), from €11,983 to €31,553
- Current portion of long-term debt +€16,301
new in 2025: €16,301
- Other debts +€5,846
up €5,846 (+2.8%), from €210,757 to €216,603
- Gross operating margin -€21,025
down €21,025 (-52.2%), from €40,250 to €19,226
- Depreciation +€7,960
up €7,960 (+228.0%), from €3,491 to €11,451
- Taxes -€3,410
down €3,410 (-59.5%), from €5,732 to €2,322
- Other operating charges -€1,034
down €1,034 (-69.6%), from €1,487 to €453
- Financial charges +€712
up €712 (+190.8%), from €373 to €1,086
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 | €316,989 | €427,296 | +€110,307 | +34.8% |
| Fixed assets | 21/28 | €21,513 | €110,140 | +€88,627 | +412.0% |
| Tangible fixed assets | 22/27 | €21,513 | €110,140 | +€88,627 | +412.0% |
| Furniture and vehicles | 24 | €10,345 | €97,894 | +€87,549 | +846.3% |
| Other tangible fixed assets | 26 | €11,168 | €12,246 | +€1,078 | +9.7% |
| Current assets | 29/58 | €295,476 | €317,156 | +€21,680 | +7.3% |
| Amounts receivable within one year | 40/41 | €291,168 | €303,755 | +€12,587 | +4.3% |
| Trade receivables | 40 | €81,433 | €94,166 | +€12,733 | +15.6% |
| Other amounts receivable | 41 | €209,735 | €209,589 | -€146 | -0.1% |
| Cash at bank and in hand | 54/58 | €4,308 | €11,799 | +€7,491 | +173.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,602 | +€1,602 | |
| Total equity and liabilities | 10/49 | €316,989 | €427,296 | +€110,307 | +34.8% |
| Equity | 10/15 | €84,409 | €88,325 | +€3,916 | +4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,860 | €45,760 | +€3,900 | +9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,860 | €45,760 | +€3,900 | +9.3% |
| Profit (loss) carried forward | 14 | €30,149 | €30,165 | +€16 | +0.1% |
| Amounts payable | 17/49 | €232,580 | €338,972 | +€106,392 | +45.7% |
| Amounts payable after more than one year | 17 | - | €66,460 | +€66,460 | |
| Financial debts | 170/4 | - | €66,460 | +€66,460 | |
| Amounts payable within one year | 42/48 | €232,580 | €272,512 | +€39,931 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €16,301 | +€16,301 | |
| Financial debts | 43 | €42 | €0 | -€42 | -100.0% |
| Credit institutions | 430/8 | €42 | €0 | -€42 | -100.0% |
| Trade debts | 44 | €11,983 | €31,553 | +€19,570 | +163.3% |
| Suppliers | 440/4 | €11,983 | €31,553 | +€19,570 | +163.3% |
| Taxes, remuneration and social security | 45 | €9,798 | €8,054 | -€1,743 | -17.8% |
| Taxes | 450/3 | €9,798 | €8,054 | -€1,743 | -17.8% |
| Other amounts payable | 47/48 | €210,757 | €216,603 | +€5,846 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,491 | €11,451 | +€7,960 | +228.0% |
| Other operating charges | 640/8 | €1,487 | €453 | -€1,034 | -69.6% |
| Gross operating margin | 9900 | €40,250 | €19,226 | -€21,025 | -52.2% |
| Operating profit (loss) | 9901 | €35,272 | €7,322 | -€27,950 | -79.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €373 | €1,086 | +€712 | +190.8% |
| Recurring financial charges | 65 | €373 | €1,086 | +€712 | +190.8% |
| Profit (loss) for the period before taxes | 9903 | €34,899 | €6,238 | -€28,661 | -82.1% |
| Income taxes | 67/77 | €5,732 | €2,322 | -€3,410 | -59.5% |
| Profit (loss) for the period | 9904 | €29,167 | €3,916 | -€25,251 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,167 | €3,916 | -€25,251 | -86.6% |
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 9 October 2026 via checked.be.