RVR STUDIEBUREEL: what changed
RVR STUDIEBUREEL
Largest movements
- Receivables within one year -€118,843
down €118,843 (-16.7%), from €711,606 to €592,763
of which Trade receivables: -€164,790
- Cash +€94,735
up €94,735 (+60.6%), from €156,390 to €251,124
mainly Receivables within one year (+€118,843) and Accrued charges and deferred income (+€78,469)
- Tangible fixed assets -€16,643
down €16,643 (-21.9%), from €76,129 to €59,486
of which Furniture and vehicles: -€17,849
- Reserves -€174,658
down €174,658 (-21.9%), from €798,286 to €623,628
- Accrued charges and deferred income +€78,469
up €78,469 (+8,623%), from €910 to €79,379
- Trade debts +€55,012
up €55,012 (+59.2%), from €92,899 to €147,911
- Tax, wage and social debts +€14,407
up €14,407 (+38.9%), from €37,005 to €51,412
- Gross operating margin -€558,970
down €558,970, from €386,194 to -€172,777
- Taxes -€110,546
down €110,546, from €90,600 to -€19,946
- Other operating charges -€17,302
down €17,302 (-94.3%), from €18,339 to €1,037
- Depreciation +€8,952
up €8,952 (+99.6%), from €8,988 to €17,940
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €970,907 | €937,921 | -€32,986 | -3.4% |
| Fixed assets | 21/28 | €76,129 | €59,486 | -€16,643 | -21.9% |
| Tangible fixed assets | 22/27 | €76,129 | €59,486 | -€16,643 | -21.9% |
| Plant, machinery and equipment | 23 | - | €1,206 | +€1,206 | |
| Furniture and vehicles | 24 | €76,129 | €58,280 | -€17,849 | -23.4% |
| Current assets | 29/58 | €894,778 | €878,435 | -€16,343 | -1.8% |
| Amounts receivable within one year | 40/41 | €711,606 | €592,763 | -€118,843 | -16.7% |
| Trade receivables | 40 | €707,918 | €543,127 | -€164,790 | -23.3% |
| Other amounts receivable | 41 | €3,688 | €49,636 | +€45,948 | +1,246% |
| Cash at bank and in hand | 54/58 | €156,390 | €251,124 | +€94,735 | +60.6% |
| Deferred charges and accrued income | 490/1 | €26,783 | €34,547 | +€7,765 | +29.0% |
| Total equity and liabilities | 10/49 | €970,907 | €937,921 | -€32,986 | -3.4% |
| Equity | 10/15 | €816,886 | €642,228 | -€174,658 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €798,286 | €623,628 | -€174,658 | -21.9% |
| Distributable reserves | 133 | €798,286 | €623,628 | -€174,658 | -21.9% |
| Amounts payable | 17/49 | €154,021 | €295,693 | +€141,671 | +92.0% |
| Amounts payable within one year | 42/48 | €153,111 | €216,313 | +€63,202 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €2,541 | - | -€2,541 | |
| Financial debts | 43 | €8,438 | €8,425 | -€13 | -0.2% |
| Credit institutions | 430/8 | €8,438 | €8,425 | -€13 | -0.2% |
| Trade debts | 44 | €92,899 | €147,911 | +€55,012 | +59.2% |
| Suppliers | 440/4 | €92,899 | €147,911 | +€55,012 | +59.2% |
| Taxes, remuneration and social security | 45 | €37,005 | €51,412 | +€14,407 | +38.9% |
| Taxes | 450/3 | €37,005 | €51,412 | +€14,407 | +38.9% |
| Other amounts payable | 47/48 | €12,228 | €8,565 | -€3,664 | -30.0% |
| Accrued charges and deferred income | 492/3 | €910 | €79,379 | +€78,469 | +8,623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,988 | €17,940 | +€8,952 | +99.6% |
| Other operating charges | 640/8 | €18,339 | €1,037 | -€17,302 | -94.3% |
| Gross operating margin | 9900 | €386,194 | -€172,777 | -€558,970 | |
| Operating profit (loss) | 9901 | €358,866 | -€191,754 | -€550,620 | |
| Financial income | 75/76B | €3 | €4 | +€1 | +47.3% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +47.3% |
| Financial charges | 65/66B | €4,463 | €2,854 | -€1,608 | -36.0% |
| Recurring financial charges | 65 | €4,463 | €2,854 | -€1,608 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €354,407 | -€194,603 | -€549,010 | |
| Income taxes | 67/77 | €90,600 | -€19,946 | -€110,546 | |
| Profit (loss) for the period | 9904 | €263,806 | -€174,658 | -€438,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €263,806 | -€174,658 | -€438,464 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.