RN6: 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.
RN6
Largest movements
- Receivables within one year -€77,350
down €77,350 (-23.0%), from €335,827 to €258,477
of which Trade receivables: -€70,760
- Stocks and contracts +€38,102
up €38,102 (+41.9%), from €90,868 to €128,970
- Tangible fixed assets -€26,455
down €26,455 (-9.1%), from €289,166 to €262,711
of which Land and buildings: -€18,467
- Trade debts -€111,809
down €111,809 (-41.2%), from €271,194 to €159,385
- Other debts +€72,493
up €72,493 (+1444.5%), from €5,019 to €77,512
- Accrued charges and deferred income +€44,586
up €44,586 (+368.3%), from €12,107 to €56,693
- Debts after one year -€25,855
down €25,855 (-16.1%), from €160,622 to €134,767
- Current portion of long-term debt -€24,277
down €24,277 (-48.4%), from €50,132 to €25,855
- Staff costs +€45,964
up €45,964 (+15.8%), from €290,674 to €336,638
- Taxes -€14,603
down €14,603 (-90.7%), from €16,102 to €1,499
- Gross operating margin +€12,000
up €12,000 (+3.0%), from €396,618 to €408,618
- Financial charges +€6,476
up €6,476 (+63.8%), from €10,154 to €16,630
- Other operating charges +€4,249
up €4,249 (+60.4%), from €7,040 to €11,288
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 | €820,036 | €757,660 | -€62,376 | -7.6% |
| Fixed assets | 21/28 | €290,666 | €264,211 | -€26,455 | -9.1% |
| Tangible fixed assets | 22/27 | €289,166 | €262,711 | -€26,455 | -9.1% |
| Land and buildings | 22 | €172,910 | €154,443 | -€18,467 | -10.7% |
| Plant, machinery and equipment | 23 | €116,256 | €108,268 | -€7,988 | -6.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €529,370 | €493,449 | -€35,921 | -6.8% |
| Stocks and contracts in progress | 3 | €90,868 | €128,970 | +€38,102 | +41.9% |
| Stocks | 30/36 | €90,868 | €128,970 | +€38,102 | +41.9% |
| Amounts receivable within one year | 40/41 | €335,827 | €258,477 | -€77,350 | -23.0% |
| Trade receivables | 40 | €270,020 | €199,261 | -€70,760 | -26.2% |
| Other amounts receivable | 41 | €65,807 | €59,217 | -€6,591 | -10.0% |
| Cash at bank and in hand | 54/58 | €101,906 | €99,708 | -€2,198 | -2.2% |
| Deferred charges and accrued income | 490/1 | €768 | €6,293 | +€5,525 | +719.1% |
| Total equity and liabilities | 10/49 | €820,036 | €757,660 | -€62,376 | -7.6% |
| Equity | 10/15 | €258,613 | €258,651 | +€38 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €197,113 | €197,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €136,074 | €136,074 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €129,924 | €129,924 | = | 0.0% |
| Distributable reserves | 133 | €61,039 | €61,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €38 | +€38 | |
| Amounts payable | 17/49 | €561,423 | €499,009 | -€62,414 | -11.1% |
| Amounts payable after more than one year | 17 | €160,622 | €134,767 | -€25,855 | -16.1% |
| Financial debts | 170/4 | €160,622 | €134,767 | -€25,855 | -16.1% |
| Amounts payable within one year | 42/48 | €388,695 | €307,549 | -€81,146 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €50,132 | €25,855 | -€24,277 | -48.4% |
| Trade debts | 44 | €271,194 | €159,385 | -€111,809 | -41.2% |
| Suppliers | 440/4 | €271,194 | €159,385 | -€111,809 | -41.2% |
| Taxes, remuneration and social security | 45 | €62,350 | €44,797 | -€17,552 | -28.2% |
| Taxes | 450/3 | €34,725 | €13,798 | -€20,927 | -60.3% |
| Remuneration and social security | 454/9 | €27,625 | €30,999 | +€3,375 | +12.2% |
| Other amounts payable | 47/48 | €5,019 | €77,512 | +€72,493 | +1444.5% |
| Accrued charges and deferred income | 492/3 | €12,107 | €56,693 | +€44,586 | +368.3% |
| Remuneration, social security and pensions | 62 | €290,674 | €336,638 | +€45,964 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,962 | €42,639 | +€2,677 | +6.7% |
| Other operating charges | 640/8 | €7,040 | €11,288 | +€4,249 | +60.4% |
| Gross operating margin | 9900 | €396,618 | €408,618 | +€12,000 | +3.0% |
| Operating profit (loss) | 9901 | €58,943 | €18,052 | -€40,891 | -69.4% |
| Financial income | 75/76B | €1 | €115 | +€114 | +9824.1% |
| Recurring financial income | 75 | €1 | €115 | +€114 | +9824.1% |
| Financial charges | 65/66B | €10,154 | €16,630 | +€6,476 | +63.8% |
| Recurring financial charges | 65 | €10,154 | €16,630 | +€6,476 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €48,790 | €1,538 | -€47,253 | -96.8% |
| Income taxes | 67/77 | €16,102 | €1,499 | -€14,603 | -90.7% |
| Profit (loss) for the period | 9904 | €32,688 | €38 | -€32,650 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,688 | €38 | -€32,650 | -99.9% |
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 11 October 2026 via checked.be.