RNB: 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.
RNB
Largest movements
- Cash -€802,458
down €802,458 (-71.4%), from €1.1m to €320,785
mainly Stocks and contracts (-€788,116) and Trade debts (-€264,397)
- Stocks and contracts +€788,116
up €788,116 (+2046.5%), from €38,511 to €826,627
- Receivables within one year -€172,967
down €172,967 (-82.5%), from €209,553 to €36,586
of which Trade receivables: -€178,082
- Tangible fixed assets -€41,753
down €41,753 (-24.7%), from €168,854 to €127,101
of which Plant, machinery and equipment: -€20,973
- Trade debts -€264,397
down €264,397 (-66.0%), from €400,420 to €136,022
- Reserves +€90,504
up €90,504 (+13.8%), from €655,020 to €745,523
- Tax, wage and social debts -€82,986
down €82,986 (-60.5%), from €137,251 to €54,265
of which Taxes: -€82,986
- Short-term financial debts +€65,358
new in 2025: €65,358
- Debts after one year -€33,202
down €33,202 (-26.9%), from €123,215 to €90,013
- Gross operating margin -€67,297
down €67,297 (-27.5%), from €244,391 to €177,094
- Taxes -€24,313
down €24,313 (-39.8%), from €61,157 to €36,844
- Depreciation +€16,285
up €16,285 (+63.9%), from €25,469 to €41,753
- Financial charges -€8,982
down €8,982 (-55.8%), from €16,091 to €7,109
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 | €1,544,625 | €1,318,866 | -€225,759 | -14.6% |
| Fixed assets | 21/28 | €168,854 | €127,101 | -€41,753 | -24.7% |
| Tangible fixed assets | 22/27 | €168,854 | €127,101 | -€41,753 | -24.7% |
| Plant, machinery and equipment | 23 | €97,866 | €76,893 | -€20,973 | -21.4% |
| Furniture and vehicles | 24 | €70,988 | €50,207 | -€20,781 | -29.3% |
| Current assets | 29/58 | €1,375,771 | €1,191,765 | -€184,006 | -13.4% |
| Stocks and contracts in progress | 3 | €38,511 | €826,627 | +€788,116 | +2046.5% |
| Stocks | 30/36 | €38,511 | €826,627 | +€788,116 | +2046.5% |
| Amounts receivable within one year | 40/41 | €209,553 | €36,586 | -€172,967 | -82.5% |
| Trade receivables | 40 | €209,553 | €31,471 | -€178,082 | -85.0% |
| Other amounts receivable | 41 | - | €5,115 | +€5,115 | |
| Cash at bank and in hand | 54/58 | €1,123,243 | €320,785 | -€802,458 | -71.4% |
| Deferred charges and accrued income | 490/1 | €4,464 | €7,767 | +€3,303 | +74.0% |
| Total equity and liabilities | 10/49 | €1,544,625 | €1,318,866 | -€225,759 | -14.6% |
| Equity | 10/15 | €673,620 | €764,123 | +€90,504 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €655,020 | €745,523 | +€90,504 | +13.8% |
| Distributable reserves | 133 | €655,020 | €745,523 | +€90,504 | +13.8% |
| Provisions and deferred taxes | 16 | €23,594 | €23,594 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,594 | €23,594 | = | 0.0% |
| Pensions and similar obligations | 160 | €23,594 | €23,594 | = | 0.0% |
| Amounts payable | 17/49 | €847,411 | €531,149 | -€316,263 | -37.3% |
| Amounts payable after more than one year | 17 | €123,215 | €90,013 | -€33,202 | -26.9% |
| Financial debts | 170/4 | €123,215 | €90,013 | -€33,202 | -26.9% |
| Amounts payable within one year | 42/48 | €721,188 | €440,932 | -€280,256 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €31,861 | €33,202 | +€1,341 | +4.2% |
| Financial debts | 43 | - | €65,358 | +€65,358 | |
| Credit institutions | 430/8 | - | €65,358 | +€65,358 | |
| Trade debts | 44 | €400,420 | €136,022 | -€264,397 | -66.0% |
| Suppliers | 440/4 | €400,420 | €136,022 | -€264,397 | -66.0% |
| Taxes, remuneration and social security | 45 | €137,251 | €54,265 | -€82,986 | -60.5% |
| Taxes | 450/3 | €132,951 | €49,965 | -€82,986 | -62.4% |
| Remuneration and social security | 454/9 | €4,300 | €4,300 | = | 0.0% |
| Other amounts payable | 47/48 | €151,655 | €152,084 | +€428 | +0.3% |
| Accrued charges and deferred income | 492/3 | €3,008 | €204 | -€2,804 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,469 | €41,753 | +€16,285 | +63.9% |
| Other operating charges | 640/8 | €1,141 | €1,176 | +€35 | +3.1% |
| Gross operating margin | 9900 | €244,391 | €177,094 | -€67,297 | -27.5% |
| Operating profit (loss) | 9901 | €217,780 | €134,164 | -€83,616 | -38.4% |
| Financial income | 75/76B | €583 | €292 | -€292 | -50.0% |
| Recurring financial income | 75 | €583 | €292 | -€292 | -50.0% |
| Financial charges | 65/66B | €16,091 | €7,109 | -€8,982 | -55.8% |
| Recurring financial charges | 65 | €16,091 | €7,109 | -€8,982 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €202,273 | €127,347 | -€74,926 | -37.0% |
| Income taxes | 67/77 | €61,157 | €36,844 | -€24,313 | -39.8% |
| Profit (loss) for the period | 9904 | €141,117 | €90,504 | -€50,613 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €141,117 | €90,504 | -€50,613 | -35.9% |
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.