RR Project: 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.
RR Project
Largest movements
- Receivables within one year -€18,170
down €18,170 (-87.7%), from €20,721 to €2,551
- Financial fixed assets +€12,512
up €12,512 (+62.6%), from €20,000 to €32,512
- Other debts -€18,810
down €18,810 (-51.1%), from €36,832 to €18,022
- Profit (loss) carried forward +€14,874
up €14,874, from -€5,445 to €9,429
- Trade debts -€3,462
down €3,462 (-68.4%), from €5,063 to €1,601
- Tax, wage and social debts +€2,478
up €2,478 (+60.3%), from €4,112 to €6,591
- Gross operating margin +€8,921
up €8,921 (+71.0%), from €12,570 to €21,491
- Taxes +€5,275
new in 2025: €5,275
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 | €42,562 | €37,644 | -€4,919 | -11.6% |
| Fixed assets | 21/28 | €21,354 | €34,146 | +€12,792 | +59.9% |
| Tangible fixed assets | 22/27 | €1,354 | €1,634 | +€280 | +20.7% |
| Plant, machinery and equipment | 23 | €1,354 | €1,634 | +€280 | +20.7% |
| Financial fixed assets | 28 | €20,000 | €32,512 | +€12,512 | +62.6% |
| Current assets | 29/58 | €21,209 | €3,498 | -€17,711 | -83.5% |
| Amounts receivable within one year | 40/41 | €20,721 | €2,551 | -€18,170 | -87.7% |
| Trade receivables | 40 | €20,721 | €2,551 | -€18,170 | -87.7% |
| Cash at bank and in hand | 54/58 | €488 | €861 | +€373 | +76.5% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €42,562 | €37,644 | -€4,919 | -11.6% |
| Equity | 10/15 | -€3,445 | €11,429 | +€14,874 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,445 | €9,429 | +€14,874 | |
| Amounts payable | 17/49 | €46,008 | €26,214 | -€19,793 | -43.0% |
| Amounts payable within one year | 42/48 | €46,008 | €26,214 | -€19,793 | -43.0% |
| Trade debts | 44 | €5,063 | €1,601 | -€3,462 | -68.4% |
| Suppliers | 440/4 | €5,063 | €1,601 | -€3,462 | -68.4% |
| Taxes, remuneration and social security | 45 | €4,112 | €6,591 | +€2,478 | +60.3% |
| Taxes | 450/3 | €4,112 | €6,591 | +€2,478 | +60.3% |
| Other amounts payable | 47/48 | €36,832 | €18,022 | -€18,810 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | €910 | +€44 | +5.0% |
| Other operating charges | 640/8 | €407 | €400 | -€8 | -1.9% |
| Gross operating margin | 9900 | €12,570 | €21,491 | +€8,921 | +71.0% |
| Operating profit (loss) | 9901 | €11,296 | €20,181 | +€8,885 | +78.7% |
| Financial charges | 65/66B | €134 | €32 | -€102 | -76.2% |
| Recurring financial charges | 65 | €134 | €32 | -€102 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €11,162 | €20,149 | +€8,987 | +80.5% |
| Income taxes | 67/77 | - | €5,275 | +€5,275 | |
| Profit (loss) for the period | 9904 | €11,162 | €14,874 | +€3,713 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,162 | €14,874 | +€3,713 | +33.3% |
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 10 October 2026 via checked.be.