RVORM: 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.
RVORM
Largest movements
- Receivables after one year -€10,586
down €10,586 (-100.0%), from €10,586 to €0
- Tangible fixed assets -€8,091
down €8,091 (-68.9%), from €11,750 to €3,659
- Receivables within one year +€6,203
up €6,203 (+349.9%), from €1,773 to €7,975
of which Trade receivables: +€3,557
- Cash +€5,716
up €5,716 (+511.5%), from €1,118 to €6,834
mainly Receivables after one year (+€10,586) and Depreciation (+€8,091)
- Current portion of long-term debt -€6,292
down €6,292 (-100.0%), from €6,292 to €0
- Profit (loss) carried forward -€1,406
down €1,406 (-7.5%), from -€18,771 to -€20,177
- Trade debts -€976
down €976 (-49.8%), from €1,959 to €983
- Tax, wage and social debts +€789
up €789 (+56.5%), from €1,397 to €2,186
- Other debts +€789
up €789, from €0 to €789
- Gross operating margin +€18,342
up €18,342, from -€10,188 to €8,154
- Financial charges +€226
up €226 (+109.5%), from €206 to €432
- Financial income -€182
down €182 (-70.0%), from €260 to €78
- Staff costs +€182
new in 2025: €182
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 | €25,826 | €19,068 | -€6,757 | -26.2% |
| Fixed assets | 21/28 | €12,350 | €4,259 | -€8,091 | -65.5% |
| Tangible fixed assets | 22/27 | €11,750 | €3,659 | -€8,091 | -68.9% |
| Furniture and vehicles | 24 | €11,750 | €3,659 | -€8,091 | -68.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €13,476 | €14,809 | +€1,333 | +9.9% |
| Amounts receivable after more than one year | 29 | €10,586 | €0 | -€10,586 | -100.0% |
| Other amounts receivable | 291 | €10,586 | €0 | -€10,586 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,773 | €7,975 | +€6,203 | +349.9% |
| Trade receivables | 40 | €1,730 | €5,287 | +€3,557 | +205.7% |
| Other amounts receivable | 41 | €43 | €2,689 | +€2,646 | +6121.2% |
| Cash at bank and in hand | 54/58 | €1,118 | €6,834 | +€5,716 | +511.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €25,826 | €19,068 | -€6,757 | -26.2% |
| Equity | 10/15 | €16,177 | €14,771 | -€1,406 | -8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,749 | €28,749 | = | 0.0% |
| 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 | €26,889 | €26,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,771 | -€20,177 | -€1,406 | -7.5% |
| Amounts payable | 17/49 | €9,648 | €4,297 | -€5,352 | -55.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,648 | €4,297 | -€5,352 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €6,292 | €0 | -€6,292 | -100.0% |
| Trade debts | 44 | €1,959 | €983 | -€976 | -49.8% |
| Suppliers | 440/4 | €1,959 | €983 | -€976 | -49.8% |
| Advances received on contracts in progress | 46 | - | €339 | +€339 | |
| Taxes, remuneration and social security | 45 | €1,397 | €2,186 | +€789 | +56.5% |
| Taxes | 450/3 | €1,397 | €2,186 | +€789 | +56.5% |
| Other amounts payable | 47/48 | €0 | €789 | +€789 | |
| Remuneration, social security and pensions | 62 | - | €182 | +€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,091 | €8,091 | -€0 | 0.0% |
| Other operating charges | 640/8 | €682 | €635 | -€46 | -6.8% |
| Gross operating margin | 9900 | -€10,188 | €8,154 | +€18,342 | |
| Operating profit (loss) | 9901 | -€18,960 | -€754 | +€18,207 | +96.0% |
| Financial income | 75/76B | €260 | €78 | -€182 | -70.0% |
| Recurring financial income | 75 | €260 | €78 | -€182 | -70.0% |
| Financial charges | 65/66B | €206 | €432 | +€226 | +109.5% |
| Recurring financial charges | 65 | €206 | €432 | +€226 | +109.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,906 | -€1,107 | +€17,799 | +94.1% |
| Income taxes | 67/77 | €245 | €298 | +€53 | +21.7% |
| Profit (loss) for the period | 9904 | -€19,152 | -€1,406 | +€17,746 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,152 | -€1,406 | +€17,746 | +92.7% |
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 8 October 2026 via checked.be.