RR Projects Plus: 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 Projects Plus
Largest movements
- Tangible fixed assets -€409,795
down €409,795 (-61.3%), from €668,564 to €258,770
of which Land and buildings: -€399,904
- Cash +€257,341
up €257,341 (+176.6%), from €145,692 to €403,033
- Receivables within one year -€84,064
down €84,064 (-46.5%), from €180,822 to €96,758
of which Trade receivables: -€77,610
- Deferred charges and accrued income -€18,180
down €18,180 (-58.3%), from €31,204 to €13,024
- Reserves -€409,230
down €409,230 (-50.0%), from €818,118 to €408,888
of which Distributable reserves: -€409,230
- Trade debts +€155,709
up €155,709 (+162.2%), from €96,000 to €251,709
- Other debts +€12,912
up €12,912 (+173.7%), from €7,435 to €20,347
- Current portion of long-term debt -€12,492
down €12,492 (-99.7%), from €12,524 to €32
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Gross operating margin -€50,324
down €50,324 (-12.2%), from €411,695 to €361,371
- Staff costs -€27,889
down €27,889 (-14.7%), from €189,821 to €161,932
- Other operating charges -€15,812
down €15,812 (-51.4%), from €30,739 to €14,927
- Depreciation +€6,617
up €6,617 (+54.0%), from €12,255 to €18,872
- Financial income +€4,538
up €4,538 (+174.5%), from €2,601 to €7,139
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,035,063 | €780,366 | -€254,697 | -24.6% |
| Fixed assets | 21/28 | €670,904 | €261,110 | -€409,795 | -61.1% |
| Tangible fixed assets | 22/27 | €668,564 | €258,770 | -€409,795 | -61.3% |
| Land and buildings | 22 | €639,904 | €240,000 | -€399,904 | -62.5% |
| Plant, machinery and equipment | 23 | €3,560 | €3,671 | +€111 | +3.1% |
| Furniture and vehicles | 24 | €25,101 | €15,099 | -€10,002 | -39.8% |
| Financial fixed assets | 28 | €2,340 | €2,340 | = | 0.0% |
| Current assets | 29/58 | €364,159 | €519,256 | +€155,097 | +42.6% |
| Amounts receivable within one year | 40/41 | €180,822 | €96,758 | -€84,064 | -46.5% |
| Trade receivables | 40 | €148,456 | €70,846 | -€77,610 | -52.3% |
| Other amounts receivable | 41 | €32,366 | €25,912 | -€6,454 | -19.9% |
| Current investments | 50/53 | €6,441 | €6,441 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €145,692 | €403,033 | +€257,341 | +176.6% |
| Deferred charges and accrued income | 490/1 | €31,204 | €13,024 | -€18,180 | -58.3% |
| Total equity and liabilities | 10/49 | €1,035,063 | €780,366 | -€254,697 | -24.6% |
| Equity | 10/15 | €824,318 | €427,488 | -€396,830 | -48.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €818,118 | €408,888 | -€409,230 | -50.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €816,258 | €407,028 | -€409,230 | -50.1% |
| Amounts payable | 17/49 | €210,745 | €352,878 | +€142,133 | +67.4% |
| Amounts payable after more than one year | 17 | €2,438 | - | -€2,438 | |
| Financial debts | 170/4 | €2,438 | - | -€2,438 | |
| Amounts payable within one year | 42/48 | €208,307 | €352,878 | +€144,571 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €12,524 | €32 | -€12,492 | -99.7% |
| Trade debts | 44 | €96,000 | €251,709 | +€155,709 | +162.2% |
| Suppliers | 440/4 | €96,000 | €251,709 | +€155,709 | +162.2% |
| Taxes, remuneration and social security | 45 | €92,348 | €80,790 | -€11,558 | -12.5% |
| Taxes | 450/3 | €68,086 | €66,011 | -€2,075 | -3.0% |
| Remuneration and social security | 454/9 | €24,262 | €14,779 | -€9,483 | -39.1% |
| Other amounts payable | 47/48 | €7,435 | €20,347 | +€12,912 | +173.7% |
| Non-recurring operating income | 76A | €22,000 | €17,463 | -€4,537 | -20.6% |
| Remuneration, social security and pensions | 62 | €189,821 | €161,932 | -€27,889 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,255 | €18,872 | +€6,617 | +54.0% |
| Other operating charges | 640/8 | €30,739 | €14,927 | -€15,812 | -51.4% |
| Gross operating margin | 9900 | €411,695 | €361,371 | -€50,324 | -12.2% |
| Operating profit (loss) | 9901 | €178,880 | €165,640 | -€13,240 | -7.4% |
| Financial income | 75/76B | €2,601 | €7,139 | +€4,538 | +174.5% |
| Recurring financial income | 75 | €2,601 | €7,139 | +€4,538 | +174.5% |
| Financial charges | 65/66B | €763 | €1,273 | +€510 | +66.9% |
| Recurring financial charges | 65 | €763 | €1,273 | +€510 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €180,718 | €171,506 | -€9,212 | -5.1% |
| Income taxes | 67/77 | €46,775 | €42,795 | -€3,980 | -8.5% |
| Profit (loss) for the period | 9904 | €133,943 | €128,711 | -€5,232 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €133,943 | €128,711 | -€5,232 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 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.