RL MANAGEMENT: 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.
What changed
RL MANAGEMENT
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€330,807
2024 · €315,080+€15,726
Equity
€2.3m
2024 · €1.9m+€330,807
Cash
€3,522
2024 · €7,136-€3,614
Balance sheet total
€2.4m
2024 · €2.1m+€342,388
Largest movements
Assets
- Current investments +€358,568
up €358,568 (+24.6%), from €1.5m to €1.8m
Equity and liabilities
- Reserves +€330,807
up €330,807 (+17.2%), from €1.9m to €2.3m
- Tax, wage and social debts +€30,219
up €30,219 (+63.5%), from €47,579 to €77,798
Income statement
- Financial income +€8,797
up €8,797 (+17.3%), from €50,971 to €59,769
- Gross operating margin +€6,071
up €6,071 (+1.4%), from €425,356 to €431,428
- Provisions -€5,501
down €5,501 (-60.0%), from -€9,165 to -€14,666
- Financial charges +€4,976
up €4,976 (+64.4%), from €7,722 to €12,698
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.
Result 2024
€315,080
Gross operating margin
+€6,071
Staff costs
+€17
Depreciation
-€297
Provisions
+€5,501
Other operating charges
-€1,567
Financial income
+€8,797
Financial charges
-€4,976
Taxes
+€2,179
Result 2025
€330,807
raises the resultlowers the result
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.
From operations
+€366,342
Investment
-€370,087
Financing
+€132
Cash 2024
€7,136
From operations (derived)
+€366,342
Net result for the year
+€330,807
Depreciation
+€7,291
Receivables within one year
+€13,158
Deferred charges and accrued income
+€3,637
Provisions
-€14,666
Trade debts
-€4,010
Tax, wage and social debts
+€30,219
Accrued charges and deferred income
-€94
Investment (derived)
-€370,087
Investment in fixed assets (net)
-€11,519
Current investments
-€358,568
Financing
+€132
Short-term financial debts
+€132
Cash 2025
€3,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,091,230 | €2,433,618 | +€342,388 | +16.4% |
| Fixed assets | 21/28 | €514,513 | €518,742 | +€4,229 | +0.8% |
| Tangible fixed assets | 22/27 | €10,081 | €14,310 | +€4,229 | +41.9% |
| Land and buildings | 22 | €68 | €0 | -€68 | -100% |
| Furniture and vehicles | 24 | €686 | €7,552 | +€6,866 | +1,001% |
| Other tangible fixed assets | 26 | €9,327 | €6,758 | -€2,569 | -27.5% |
| Financial fixed assets | 28 | €504,432 | €504,432 | = | 0.0% |
| Current assets | 29/58 | €1,576,717 | €1,914,876 | +€338,159 | +21.4% |
| Amounts receivable within one year | 40/41 | €106,345 | €93,187 | -€13,158 | -12.4% |
| Trade receivables | 40 | €102,500 | €90,000 | -€12,500 | -12.2% |
| Other amounts receivable | 41 | €3,845 | €3,187 | -€658 | -17.1% |
| Current investments | 50/53 | €1,458,099 | €1,816,667 | +€358,568 | +24.6% |
| Cash at bank and in hand | 54/58 | €7,136 | €3,522 | -€3,614 | -50.6% |
| Deferred charges and accrued income | 490/1 | €5,137 | €1,501 | -€3,637 | -70.8% |
| Total equity and liabilities | 10/49 | €2,091,230 | €2,433,618 | +€342,388 | +16.4% |
| Equity | 10/15 | €1,939,173 | €2,269,979 | +€330,807 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,920,573 | €2,251,379 | +€330,807 | +17.2% |
| Distributable reserves | 133 | €1,920,573 | €2,251,379 | +€330,807 | +17.2% |
| Provisions and deferred taxes | 16 | €97,430 | €82,764 | -€14,666 | -15.1% |
| Provisions for liabilities and charges | 160/5 | €97,430 | €82,764 | -€14,666 | -15.1% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €97,430 | €82,764 | -€14,666 | -15.1% |
| Amounts payable | 17/49 | €54,628 | €80,875 | +€26,247 | +48.0% |
| Amounts payable within one year | 42/48 | €54,534 | €80,875 | +€26,341 | +48.3% |
| Financial debts | 43 | - | €132 | +€132 | |
| Credit institutions | 430/8 | - | €132 | +€132 | |
| Trade debts | 44 | €6,955 | €2,946 | -€4,010 | -57.6% |
| Suppliers | 440/4 | €6,955 | €2,946 | -€4,010 | -57.6% |
| Taxes, remuneration and social security | 45 | €47,579 | €77,798 | +€30,219 | +63.5% |
| Taxes | 450/3 | €47,579 | €77,798 | +€30,219 | +63.5% |
| Accrued charges and deferred income | 492/3 | €94 | €0 | -€94 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €17 | €0 | -€17 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,994 | €7,291 | +€297 | +4.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,165 | -€14,666 | -€5,501 | -60.0% |
| Other operating charges | 640/8 | €1,830 | €3,397 | +€1,567 | +85.6% |
| Gross operating margin | 9900 | €425,356 | €431,428 | +€6,071 | +1.4% |
| Operating profit (loss) | 9901 | €425,680 | €435,406 | +€9,726 | +2.3% |
| Financial income | 75/76B | €50,971 | €59,769 | +€8,797 | +17.3% |
| Recurring financial income | 75 | €50,971 | €59,769 | +€8,797 | +17.3% |
| Financial charges | 65/66B | €7,722 | €12,698 | +€4,976 | +64.4% |
| Recurring financial charges | 65 | €7,722 | €12,698 | +€4,976 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €468,930 | €482,477 | +€13,547 | +2.9% |
| Income taxes | 67/77 | €153,850 | €151,671 | -€2,179 | -1.4% |
| Profit (loss) for the period | 9904 | €315,080 | €330,807 | +€15,726 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €315,080 | €330,807 | +€15,726 | +5.0% |
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 31 October 2026 via checked.be.