RLB: what changed
Two fiscal 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.
RLB
Largest movements
- Tangible fixed assets -€72,190
down €72,190 (-5.0%), from €1.4m to €1.4m
of which Land and buildings: -€69,919
- Receivables within one year +€51,486
up €51,486 (+57.8%), from €89,046 to €140,532
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Debts after one year +€53,399
up €53,399 (+452.1%), from €11,811 to €65,210
of which Financial debts: +€51,824
- Reserves +€27,323
up €27,323 (+26.6%), from €102,530 to €129,853
of which Distributable reserves: +€25,954
- Depreciation +€5,193
up €5,193 (+7.8%), from €66,997 to €72,190
- Gross operating margin -€4,168
down €4,168 (-2.9%), from €145,131 to €140,963
- Financial income +€3,337
up €3,337 (+114.8%), from €2,907 to €6,244
- Taxes -€2,743
down €2,743 (-16.3%), from €16,818 to €14,075
- Financial charges -€1,686
down €1,686 (-24.1%), from €6,992 to €5,306
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 | €1,544,116 | €1,520,945 | -€23,171 | -1.5% |
| Fixed assets | 21/28 | €1,442,566 | €1,370,876 | -€71,690 | -5.0% |
| Tangible fixed assets | 22/27 | €1,442,566 | €1,370,376 | -€72,190 | -5.0% |
| Land and buildings | 22 | €1,437,565 | €1,367,646 | -€69,919 | -4.9% |
| Furniture and vehicles | 24 | €5,001 | €2,730 | -€2,271 | -45.4% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €101,550 | €150,069 | +€48,519 | +47.8% |
| Amounts receivable within one year | 40/41 | €89,046 | €140,532 | +€51,486 | +57.8% |
| Other amounts receivable | 41 | €89,046 | €140,532 | +€51,486 | +57.8% |
| Cash at bank and in hand | 54/58 | €7,391 | €4,258 | -€3,132 | -42.4% |
| Deferred charges and accrued income | 490/1 | €5,113 | €5,279 | +€165 | +3.2% |
| Total equity and liabilities | 10/49 | €1,544,116 | €1,520,945 | -€23,171 | -1.5% |
| Equity | 10/15 | €1,377,530 | €1,404,853 | +€27,323 | +2.0% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | €425,000 | = | 0.0% |
| Issued capital | 100 | €425,000 | €425,000 | = | 0.0% |
| Revaluation surpluses | 12 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €102,530 | €129,853 | +€27,323 | +26.6% |
| Non-distributable reserves | 130/1 | €3,792 | €5,160 | +€1,369 | +36.1% |
| Legal reserve | 130 | €3,792 | €5,160 | +€1,369 | +36.1% |
| Distributable reserves | 133 | €98,739 | €124,693 | +€25,954 | +26.3% |
| Amounts payable | 17/49 | €166,586 | €116,092 | -€50,494 | -30.3% |
| Amounts payable after more than one year | 17 | €11,811 | €65,210 | +€53,399 | +452.1% |
| Financial debts | 170/4 | €7,981 | €59,805 | +€51,824 | +649.3% |
| Other amounts payable | 178/9 | €3,830 | €5,405 | +€1,575 | +41.1% |
| Amounts payable within one year | 42/48 | €154,775 | €50,242 | -€104,533 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €31,355 | €22,024 | -€9,331 | -29.8% |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €14,185 | €7,325 | -€6,861 | -48.4% |
| Suppliers | 440/4 | €14,185 | €7,325 | -€6,861 | -48.4% |
| Taxes, remuneration and social security | 45 | €34,235 | €20,893 | -€13,341 | -39.0% |
| Taxes | 450/3 | €34,235 | €20,893 | -€13,341 | -39.0% |
| Accrued charges and deferred income | 492/3 | - | €640 | +€640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,997 | €72,190 | +€5,193 | +7.8% |
| Other operating charges | 640/8 | €27,591 | €28,313 | +€723 | +2.6% |
| Gross operating margin | 9900 | €145,131 | €140,963 | -€4,168 | -2.9% |
| Operating profit (loss) | 9901 | €50,543 | €40,460 | -€10,083 | -20.0% |
| Financial income | 75/76B | €2,907 | €6,244 | +€3,337 | +114.8% |
| Recurring financial income | 75 | €2,907 | €6,244 | +€3,337 | +114.8% |
| Financial charges | 65/66B | €6,992 | €5,306 | -€1,686 | -24.1% |
| Recurring financial charges | 65 | €6,992 | €5,306 | -€1,686 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €46,458 | €41,398 | -€5,060 | -10.9% |
| Income taxes | 67/77 | €16,818 | €14,075 | -€2,743 | -16.3% |
| Profit (loss) for the period | 9904 | €29,640 | €27,323 | -€2,317 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,640 | €27,323 | -€2,317 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.