RVaes: 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.
RVaes
Largest movements
- Receivables within one year +€24,889
up €24,889 (+3528.4%), from €705 to €25,594
of which Other amounts receivable: +€14,140
- Tangible fixed assets -€11,446
down €11,446 (-35.1%), from €32,637 to €21,192
- Cash -€8,026
down €8,026 (-49.7%), from €16,143 to €8,116
mainly Receivables within one year (-€24,889) and Debts after one year (-€10,753)
- Deferred charges and accrued income +€2,020
up €2,020 (+194.9%), from €1,037 to €3,057
- Reserves +€15,219
up €15,219 (+98.2%), from €15,504 to €30,723
- Debts after one year -€10,753
no longer reported in 2025 (was €10,753)
- Tax, wage and social debts +€3,127
up €3,127 (+33.6%), from €9,310 to €12,437
- Gross operating margin +€10,106
up €10,106 (+46.6%), from €21,699 to €31,804
- Depreciation +€9,746
up €9,746 (+573.3%), from €1,700 to €11,446
- Financial charges +€599
up €599 (+234.7%), from €255 to €854
- Taxes +€431
up €431 (+10.7%), from €4,040 to €4,471
- Financial income +€394
new in 2025: €394
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 | €50,522 | €57,959 | +€7,437 | +14.7% |
| Fixed assets | 21/28 | €32,637 | €21,192 | -€11,446 | -35.1% |
| Tangible fixed assets | 22/27 | €32,637 | €21,192 | -€11,446 | -35.1% |
| Furniture and vehicles | 24 | €32,637 | €21,192 | -€11,446 | -35.1% |
| Current assets | 29/58 | €17,885 | €36,768 | +€18,883 | +105.6% |
| Amounts receivable within one year | 40/41 | €705 | €25,594 | +€24,889 | +3528.4% |
| Trade receivables | 40 | €702 | €11,450 | +€10,748 | +1532.1% |
| Other amounts receivable | 41 | €4 | €14,144 | +€14,140 | +369199.5% |
| Cash at bank and in hand | 54/58 | €16,143 | €8,116 | -€8,026 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,037 | €3,057 | +€2,020 | +194.9% |
| Total equity and liabilities | 10/49 | €50,522 | €57,959 | +€7,437 | +14.7% |
| Equity | 10/15 | €18,504 | €33,723 | +€15,219 | +82.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,504 | €30,723 | +€15,219 | +98.2% |
| Distributable reserves | 133 | €15,504 | €30,723 | +€15,219 | +98.2% |
| Amounts payable | 17/49 | €32,018 | €24,236 | -€7,782 | -24.3% |
| Amounts payable after more than one year | 17 | €10,753 | - | -€10,753 | |
| Financial debts | 170/4 | €10,753 | - | -€10,753 | |
| Amounts payable within one year | 42/48 | €21,265 | €24,236 | +€2,971 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €11,321 | €10,753 | -€568 | -5.0% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €634 | €1,028 | +€394 | +62.2% |
| Suppliers | 440/4 | €634 | €1,028 | +€394 | +62.2% |
| Taxes, remuneration and social security | 45 | €9,310 | €12,437 | +€3,127 | +33.6% |
| Taxes | 450/3 | €9,310 | €12,437 | +€3,127 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €11,446 | +€9,746 | +573.3% |
| Other operating charges | 640/8 | €200 | €209 | +€9 | +4.5% |
| Gross operating margin | 9900 | €21,699 | €31,804 | +€10,106 | +46.6% |
| Operating profit (loss) | 9901 | €19,799 | €20,150 | +€351 | +1.8% |
| Financial income | 75/76B | - | €394 | +€394 | |
| Recurring financial income | 75 | - | €394 | +€394 | |
| Financial charges | 65/66B | €255 | €854 | +€599 | +234.7% |
| Recurring financial charges | 65 | €255 | €854 | +€599 | +234.7% |
| Profit (loss) for the period before taxes | 9903 | €19,544 | €19,690 | +€146 | +0.7% |
| Income taxes | 67/77 | €4,040 | €4,471 | +€431 | +10.7% |
| Profit (loss) for the period | 9904 | €15,504 | €15,219 | -€284 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,504 | €15,219 | -€284 | -1.8% |
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.