RIBS & BRUSSEL: what changed
RIBS & BRUSSEL
Largest movements
- Cash +€85,834
up €85,834 (+27.5%), from €312,426 to €398,260
mainly Net result for the year (+€200,436) and Other debts (+€141,768)
- Receivables within one year +€82,211
up €82,211 (+234%), from €35,158 to €117,369
of which Other amounts receivable: +€82,206
- Current investments +€46,311
new in 2025: €46,311
- Intangible fixed assets -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Tangible fixed assets -€9,290
down €9,290 (-18.6%), from €49,845 to €40,555
of which Land and buildings: -€7,206
- Other debts +€141,768
up €141,768 (+328%), from €43,232 to €185,000
- Profit (loss) carried forward +€50,436
up €50,436 (+36.2%), from €139,512 to €189,948
- Current portion of long-term debt -€32,492
down €32,492 (-56.3%), from €57,738 to €25,246
- Tax, wage and social debts +€19,826
up €19,826 (+13.7%), from €144,231 to €164,057
of which Remuneration and social security: +€10,556
- Trade debts +€14,469
up €14,469 (+30.0%), from €48,187 to €62,657
- Gross operating margin +€104,823
up €104,823 (+9.2%), from €1.1m to €1.2m
- Staff costs +€88,466
up €88,466 (+10.8%), from €816,860 to €905,326
- Taxes +€39,061
up €39,061 (+90.1%), from €43,330 to €82,390
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,901 | €690,358 | +€195,457 | +39.5% |
| Fixed assets | 21/28 | €99,845 | €80,555 | -€19,290 | -19.3% |
| Intangible fixed assets | 21 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Tangible fixed assets | 22/27 | €49,845 | €40,555 | -€9,290 | -18.6% |
| Land and buildings | 22 | €23,420 | €16,214 | -€7,206 | -30.8% |
| Plant, machinery and equipment | 23 | €22,951 | €20,759 | -€2,192 | -9.6% |
| Furniture and vehicles | 24 | €3,474 | €3,582 | +€109 | +3.1% |
| Current assets | 29/58 | €395,056 | €609,803 | +€214,747 | +54.4% |
| Stocks and contracts in progress | 3 | €44,703 | €47,769 | +€3,066 | +6.9% |
| Stocks | 30/36 | €44,703 | €47,769 | +€3,066 | +6.9% |
| Amounts receivable within one year | 40/41 | €35,158 | €117,369 | +€82,211 | +234% |
| Trade receivables | 40 | €4,138 | €4,143 | +€5 | +0.1% |
| Other amounts receivable | 41 | €31,020 | €113,226 | +€82,206 | +265% |
| Current investments | 50/53 | - | €46,311 | +€46,311 | |
| Cash at bank and in hand | 54/58 | €312,426 | €398,260 | +€85,834 | +27.5% |
| Deferred charges and accrued income | 490/1 | €2,769 | €93 | -€2,675 | -96.6% |
| Total equity and liabilities | 10/49 | €494,901 | €690,358 | +€195,457 | +39.5% |
| Equity | 10/15 | €201,512 | €251,948 | +€50,436 | +25.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,512 | €189,948 | +€50,436 | +36.2% |
| Amounts payable | 17/49 | €293,388 | €438,409 | +€145,021 | +49.4% |
| Amounts payable within one year | 42/48 | €293,388 | €438,409 | +€145,021 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €57,738 | €25,246 | -€32,492 | -56.3% |
| Trade debts | 44 | €48,187 | €62,657 | +€14,469 | +30.0% |
| Suppliers | 440/4 | €48,187 | €62,657 | +€14,469 | +30.0% |
| Advances received on contracts in progress | 46 | - | €1,450 | +€1,450 | |
| Taxes, remuneration and social security | 45 | €144,231 | €164,057 | +€19,826 | +13.7% |
| Taxes | 450/3 | €37,749 | €47,020 | +€9,270 | +24.6% |
| Remuneration and social security | 454/9 | €106,481 | €117,037 | +€10,556 | +9.9% |
| Other amounts payable | 47/48 | €43,232 | €185,000 | +€141,768 | +328% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €816,860 | €905,326 | +€88,466 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,956 | €31,606 | +€650 | +2.1% |
| Other operating charges | 640/8 | €3,062 | €13,583 | +€10,521 | +344% |
| Gross operating margin | 9900 | €1,139,425 | €1,244,248 | +€104,823 | +9.2% |
| Operating profit (loss) | 9901 | €288,546 | €293,733 | +€5,187 | +1.8% |
| Financial income | 75/76B | €1,488 | €4,922 | +€3,434 | +231% |
| Recurring financial income | 75 | €1,488 | €4,922 | +€3,434 | +231% |
| Financial charges | 65/66B | €14,316 | €15,829 | +€1,513 | +10.6% |
| Recurring financial charges | 65 | €14,316 | €15,829 | +€1,513 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €275,719 | €282,826 | +€7,107 | +2.6% |
| Income taxes | 67/77 | €43,330 | €82,390 | +€39,061 | +90.1% |
| Profit (loss) for the period | 9904 | €232,389 | €200,436 | -€31,954 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €232,389 | €200,436 | -€31,954 | -13.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.