RRA VENDOME: 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.
RRA VENDOME
Largest movements
- Financial fixed assets +€6.5m
up €6.5m (+214%), from €3.1m to €9.6m
- Current investments -€2.2m
down €2.2m (-3.0%), from €73.7m to €71.5m
- Cash -€2.1m
down €2.1m (-54.1%), from €3.8m to €1.7m
mainly Investment in fixed assets (net) (-€6.5m) and Other debts (-€38,114)
- Profit (loss) carried forward +€1.3m
up €1.3m (+2.7%), from €46.5m to €47.8m
- Reserves +€1.0m
up €1.0m (+10.1%), from €9.9m to €10.9m
of which Distributable reserves: +€1.0m
- Financial charges +€847,873
up €847,873 (+97.1%), from €872,866 to €1.7m
of which Financial charges: +€866,904
- Taxes -€192,759
down €192,759 (-13.0%), from €1.5m to €1.3m
- Financial income +€67,596
up €67,596 (+1.1%), from €5.9m to €6.0m
of which Non-recurring financial income: +€243,889
- Gross operating margin +€27,356
up €27,356 (+4.0%), from -€684,256 to -€656,900
- Depreciation -€12,522
down €12,522 (-91.6%), from €13,664 to €1,142
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.
Derived cash bridge
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 | €80,607,606 | €82,908,384 | +€2.3m | +2.9% |
| Fixed assets | 21/28 | €3,054,919 | €9,572,053 | +€6.5m | +213% |
| Tangible fixed assets | 22/27 | €3,716 | €2,574 | -€1,142 | -30.7% |
| Furniture and vehicles | 24 | €3,716 | €2,574 | -€1,142 | -30.7% |
| Financial fixed assets | 28 | €3,051,203 | €9,569,479 | +€6.5m | +214% |
| Current assets | 29/58 | €77,552,686 | €73,336,331 | -€4.2m | -5.4% |
| Amounts receivable within one year | 40/41 | €50,056 | €79,724 | +€29,668 | +59.3% |
| Trade receivables | 40 | €1,917 | €0 | -€1,917 | -100% |
| Other amounts receivable | 41 | €48,139 | €79,724 | +€31,585 | +65.6% |
| Current investments | 50/53 | €73,698,721 | €71,510,914 | -€2.2m | -3.0% |
| Cash at bank and in hand | 54/58 | €3,802,621 | €1,744,389 | -€2.1m | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,303 | +€15 | +1.1% |
| Total equity and liabilities | 10/49 | €80,607,606 | €82,908,384 | +€2.3m | +2.9% |
| Equity | 10/15 | €77,745,148 | €80,023,781 | +€2.3m | +2.9% |
| Contributions | 10/11 | €21,343,103 | €21,343,103 | = | 0.0% |
| Reserves | 13 | €9,862,947 | €10,862,947 | +€1.0m | +10.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €9,862,947 | €10,862,947 | +€1.0m | +10.1% |
| Profit (loss) carried forward | 14 | €46,539,097 | €47,817,731 | +€1.3m | +2.7% |
| Amounts payable | 17/49 | €2,862,458 | €2,884,602 | +€22,144 | +0.8% |
| Amounts payable within one year | 42/48 | €2,840,814 | €2,836,060 | -€4,753 | -0.2% |
| Trade debts | 44 | €31,125 | €21,869 | -€9,257 | -29.7% |
| Suppliers | 440/4 | €31,125 | €21,869 | -€9,257 | -29.7% |
| Taxes, remuneration and social security | 45 | €200,000 | €242,617 | +€42,617 | +21.3% |
| Taxes | 450/3 | €200,000 | €242,617 | +€42,617 | +21.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €2,609,688 | €2,571,575 | -€38,114 | -1.5% |
| Accrued charges and deferred income | 492/3 | €21,645 | €48,542 | +€26,897 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,664 | €1,142 | -€12,522 | -91.6% |
| Other operating charges | 640/8 | €8,542 | €8,823 | +€281 | +3.3% |
| Gross operating margin | 9900 | -€684,256 | -€656,900 | +€27,356 | +4.0% |
| Operating profit (loss) | 9901 | -€706,462 | -€666,865 | +€39,597 | +5.6% |
| Financial income | 75/76B | €5,890,533 | €5,958,129 | +€67,596 | +1.1% |
| Recurring financial income | 75 | €354,485 | €178,192 | -€176,293 | -49.7% |
| Non-recurring financial income | 76B | €5,536,048 | €5,779,937 | +€243,889 | +4.4% |
| Financial charges | 65/66B | €872,866 | €1,720,739 | +€847,873 | +97.1% |
| Recurring financial charges | 65 | €828,654 | €1,695,558 | +€866,904 | +105% |
| Non-recurring financial charges | 66B | €44,213 | €25,182 | -€19,031 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €4,311,205 | €3,570,525 | -€740,680 | -17.2% |
| Income taxes | 67/77 | €1,484,650 | €1,291,891 | -€192,759 | -13.0% |
| Profit (loss) for the period | 9904 | €2,826,555 | €2,278,634 | -€547,921 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,826,555 | €2,278,634 | -€547,921 | -19.4% |
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 31 October 2026 via checked.be.