RL Inventive: 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.
RL Inventive
Largest movements
- Cash -€155,768
down €155,768 (-59.1%), from €263,369 to €107,601
mainly Receivables within one year (-€92,678) and Debts after one year (-€48,065)
- Receivables within one year +€92,678
up €92,678 (+183%), from €50,592 to €143,269
of which Other amounts receivable: +€92,715
- Current investments -€14,585
down €14,585 (-19.7%), from €74,000 to €59,415
- Debts after one year -€48,065
down €48,065 (-29.8%), from €161,401 to €113,336
- Current portion of long-term debt -€16,052
down €16,052 (-25.0%), from €64,118 to €48,065
- Tax, wage and social debts -€7,547
down €7,547 (-85.2%), from €8,854 to €1,308
- Gross operating margin -€96,798
down €96,798 (-75.3%), from €128,610 to €31,812
- Taxes -€27,377
down €27,377 (-72.7%), from €37,671 to €10,293
- Financial income +€4,288
up €4,288 (+4,047%), from €106 to €4,394
- Financial charges +€2,339
up €2,339 (+60.1%), from €3,888 to €6,227
- Other operating charges -€2,037
down €2,037 (-36.0%), from €5,659 to €3,621
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 | €612,132 | €536,935 | -€75,197 | -12.3% |
| Fixed assets | 21/28 | €224,017 | €224,546 | +€530 | +0.2% |
| Tangible fixed assets | 22/27 | €219,517 | €223,046 | +€3,530 | +1.6% |
| Land and buildings | 22 | €205,726 | €207,348 | +€1,621 | +0.8% |
| Plant, machinery and equipment | 23 | €416 | €168 | -€248 | -59.6% |
| Furniture and vehicles | 24 | €12,398 | €14,886 | +€2,488 | +20.1% |
| Leasing and similar rights | 25 | €977 | €645 | -€332 | -34.0% |
| Financial fixed assets | 28 | €4,500 | €1,500 | -€3,000 | -66.7% |
| Current assets | 29/58 | €388,115 | €312,388 | -€75,727 | -19.5% |
| Amounts receivable within one year | 40/41 | €50,592 | €143,269 | +€92,678 | +183% |
| Trade receivables | 40 | €2,547 | €2,510 | -€37 | -1.5% |
| Other amounts receivable | 41 | €48,044 | €140,759 | +€92,715 | +193% |
| Current investments | 50/53 | €74,000 | €59,415 | -€14,585 | -19.7% |
| Cash at bank and in hand | 54/58 | €263,369 | €107,601 | -€155,768 | -59.1% |
| Deferred charges and accrued income | 490/1 | €154 | €2,103 | +€1,949 | +1,265% |
| Total equity and liabilities | 10/49 | €612,132 | €536,935 | -€75,197 | -12.3% |
| Equity | 10/15 | €370,419 | €369,993 | -€426 | -0.1% |
| Contributions | 10/11 | €67,348 | €67,348 | = | 0.0% |
| Reserves | 13 | €303,071 | €302,645 | -€426 | -0.1% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €300,071 | €299,645 | -€426 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €241,713 | €166,942 | -€74,771 | -30.9% |
| Amounts payable after more than one year | 17 | €161,401 | €113,336 | -€48,065 | -29.8% |
| Financial debts | 170/4 | €161,401 | €113,336 | -€48,065 | -29.8% |
| Amounts payable within one year | 42/48 | €80,311 | €53,606 | -€26,706 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €64,118 | €48,065 | -€16,052 | -25.0% |
| Financial debts | 43 | €63 | €629 | +€566 | +903% |
| Credit institutions | 430/8 | €63 | €629 | +€566 | +903% |
| Trade debts | 44 | €4,327 | €654 | -€3,673 | -84.9% |
| Suppliers | 440/4 | €4,327 | €654 | -€3,673 | -84.9% |
| Taxes, remuneration and social security | 45 | €8,854 | €1,308 | -€7,547 | -85.2% |
| Taxes | 450/3 | €8,854 | €1,308 | -€7,547 | -85.2% |
| Other amounts payable | 47/48 | €2,950 | €2,950 | = | 0.0% |
| Non-recurring operating income | 76A | €117,504 | €0 | -€117,504 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,943 | €7,577 | +€1,634 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,606 | +€1,606 | |
| Other operating charges | 640/8 | €5,659 | €3,621 | -€2,037 | -36.0% |
| Gross operating margin | 9900 | €128,610 | €31,812 | -€96,798 | -75.3% |
| Operating profit (loss) | 9901 | €117,009 | €19,008 | -€98,001 | -83.8% |
| Financial income | 75/76B | €106 | €4,394 | +€4,288 | +4,047% |
| Recurring financial income | 75 | €106 | €4,394 | +€4,288 | +4,047% |
| Financial charges | 65/66B | €3,888 | €6,227 | +€2,339 | +60.1% |
| Recurring financial charges | 65 | €3,888 | €6,227 | +€2,339 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €113,226 | €17,175 | -€96,052 | -84.8% |
| Income taxes | 67/77 | €37,671 | €10,293 | -€27,377 | -72.7% |
| Profit (loss) for the period | 9904 | €75,556 | €6,881 | -€68,674 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,556 | €6,881 | -€68,674 | -90.9% |
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 16 October 2026 via checked.be.