RVB: 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.
RVB
Largest movements
- Receivables within one year -€8,441
down €8,441 (-37.7%), from €22,379 to €13,938
of which Other amounts receivable: -€7,325
- Tangible fixed assets -€3,274
down €3,274 (-10.1%), from €32,579 to €29,305
- Profit (loss) carried forward -€10,123
down €10,123 (-175.7%), from -€5,762 to -€15,885
- Debts after one year -€3,815
down €3,815 (-15.3%), from €24,883 to €21,068
- Current portion of long-term debt +€1,982
up €1,982 (+36.9%), from €5,367 to €7,349
- Short-term financial debts +€1,085
up €1,085 (+13.0%), from €8,374 to €9,458
- Depreciation +€7,169
up €7,169 (+4464.6%), from €161 to €7,330
- Financial charges +€2,023
up €2,023 (+250.3%), from €808 to €2,832
- Gross operating margin -€1,156
down €1,156 (-60.1%), from €1,923 to €767
- Other operating charges -€150
down €150 (-16.6%), from €902 to €752
- Financial income +€23
new in 2025: €23
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 | €59,360 | €48,112 | -€11,248 | -18.9% |
| Fixed assets | 21/28 | €35,363 | €32,089 | -€3,274 | -9.3% |
| Tangible fixed assets | 22/27 | €32,579 | €29,305 | -€3,274 | -10.1% |
| Furniture and vehicles | 24 | €32,579 | €29,305 | -€3,274 | -10.1% |
| Financial fixed assets | 28 | €2,784 | €2,784 | = | 0.0% |
| Current assets | 29/58 | €23,997 | €16,024 | -€7,974 | -33.2% |
| Amounts receivable within one year | 40/41 | €22,379 | €13,938 | -€8,441 | -37.7% |
| Trade receivables | 40 | €14,277 | €13,161 | -€1,117 | -7.8% |
| Other amounts receivable | 41 | €8,102 | €777 | -€7,325 | -90.4% |
| Cash at bank and in hand | 54/58 | €671 | €671 | -€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | €947 | €1,415 | +€467 | +49.3% |
| Total equity and liabilities | 10/49 | €59,360 | €48,112 | -€11,248 | -18.9% |
| Equity | 10/15 | €16,238 | €6,115 | -€10,123 | -62.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,762 | -€15,885 | -€10,123 | -175.7% |
| Amounts payable | 17/49 | €43,122 | €41,997 | -€1,125 | -2.6% |
| Amounts payable after more than one year | 17 | €24,883 | €21,068 | -€3,815 | -15.3% |
| Financial debts | 170/4 | €24,883 | €21,068 | -€3,815 | -15.3% |
| Amounts payable within one year | 42/48 | €18,129 | €20,664 | +€2,535 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €5,367 | €7,349 | +€1,982 | +36.9% |
| Financial debts | 43 | €8,374 | €9,458 | +€1,085 | +13.0% |
| Credit institutions | 430/8 | €8,374 | €9,458 | +€1,085 | +13.0% |
| Trade debts | 44 | €3,215 | €3,027 | -€188 | -5.8% |
| Suppliers | 440/4 | €3,215 | €3,027 | -€188 | -5.8% |
| Other amounts payable | 47/48 | €1,173 | €829 | -€343 | -29.3% |
| Accrued charges and deferred income | 492/3 | €111 | €266 | +€155 | +139.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161 | €7,330 | +€7,169 | +4464.6% |
| Other operating charges | 640/8 | €902 | €752 | -€150 | -16.6% |
| Gross operating margin | 9900 | €1,923 | €767 | -€1,156 | -60.1% |
| Operating profit (loss) | 9901 | €861 | -€7,315 | -€8,176 | |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €808 | €2,832 | +€2,023 | +250.3% |
| Recurring financial charges | 65 | €808 | €2,832 | +€2,023 | +250.3% |
| Profit (loss) for the period before taxes | 9903 | €53 | -€10,123 | -€10,176 | |
| Profit (loss) for the period | 9904 | €53 | -€10,123 | -€10,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €53 | -€10,123 | -€10,176 |
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 30 September 2026 via checked.be.