RR TEAM: 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.
RR TEAM
Largest movements
- Receivables within one year +€110,262
up €110,262 (+61.6%), from €178,891 to €289,153
of which Trade receivables: +€75,368
- Cash +€27,001
up €27,001 (+13.3%), from €203,471 to €230,472
mainly Trade debts (+€71,486) and Net result for the year (+€57,615)
- Stocks and contracts -€12,500
down €12,500 (-11.0%), from €114,083 to €101,583
- Trade debts +€71,486
up €71,486 (+25.3%), from €282,781 to €354,267
- Reserves +€57,615
up €57,615 (+43.7%), from €131,969 to €189,584
- Other debts -€16,545
no longer reported in 2025 (was €16,545)
- Tax, wage and social debts +€9,340
up €9,340 (+17.5%), from €53,300 to €62,640
- Gross operating margin -€12,713
down €12,713 (-13.1%), from €97,113 to €84,400
- Taxes -€3,575
down €3,575 (-13.7%), from €26,052 to €22,477
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 | €514,597 | €636,491 | +€121,894 | +23.7% |
| Fixed assets | 21/28 | €17,544 | €14,515 | -€3,030 | -17.3% |
| Tangible fixed assets | 22/27 | €5,044 | €2,015 | -€3,030 | -60.1% |
| Furniture and vehicles | 24 | €5,044 | €2,015 | -€3,030 | -60.1% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €497,052 | €621,976 | +€124,924 | +25.1% |
| Stocks and contracts in progress | 3 | €114,083 | €101,583 | -€12,500 | -11.0% |
| Stocks | 30/36 | €114,083 | €101,583 | -€12,500 | -11.0% |
| Amounts receivable within one year | 40/41 | €178,891 | €289,153 | +€110,262 | +61.6% |
| Trade receivables | 40 | €178,891 | €254,259 | +€75,368 | +42.1% |
| Other amounts receivable | 41 | - | €34,894 | +€34,894 | |
| Cash at bank and in hand | 54/58 | €203,471 | €230,472 | +€27,001 | +13.3% |
| Deferred charges and accrued income | 490/1 | €607 | €768 | +€161 | +26.6% |
| Total equity and liabilities | 10/49 | €514,597 | €636,491 | +€121,894 | +23.7% |
| Equity | 10/15 | €161,969 | €219,584 | +€57,615 | +35.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €131,969 | €189,584 | +€57,615 | +43.7% |
| Distributable reserves | 133 | €131,969 | €189,584 | +€57,615 | +43.7% |
| Amounts payable | 17/49 | €352,627 | €416,907 | +€64,280 | +18.2% |
| Amounts payable within one year | 42/48 | €352,627 | €416,907 | +€64,280 | +18.2% |
| Trade debts | 44 | €282,781 | €354,267 | +€71,486 | +25.3% |
| Suppliers | 440/4 | €282,781 | €354,267 | +€71,486 | +25.3% |
| Taxes, remuneration and social security | 45 | €53,300 | €62,640 | +€9,340 | +17.5% |
| Taxes | 450/3 | €53,300 | €62,640 | +€9,340 | +17.5% |
| Other amounts payable | 47/48 | €16,545 | - | -€16,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,923 | €3,030 | +€106 | +3.6% |
| Other operating charges | 640/8 | €1,742 | €933 | -€808 | -46.4% |
| Gross operating margin | 9900 | €97,113 | €84,400 | -€12,713 | -13.1% |
| Operating profit (loss) | 9901 | €92,448 | €80,437 | -€12,011 | -13.0% |
| Financial income | 75/76B | €3 | €11 | +€8 | +312.2% |
| Recurring financial income | 75 | €3 | €11 | +€8 | +312.2% |
| Financial charges | 65/66B | €180 | €356 | +€176 | +98.0% |
| Recurring financial charges | 65 | €180 | €356 | +€176 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €92,271 | €80,092 | -€12,179 | -13.2% |
| Income taxes | 67/77 | €26,052 | €22,477 | -€3,575 | -13.7% |
| Profit (loss) for the period | 9904 | €66,219 | €57,615 | -€8,605 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,219 | €57,615 | -€8,605 | -13.0% |
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 1 October 2026 via checked.be.