RvR Technicals: 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.
RvR Technicals
Largest movements
- Tangible fixed assets -€20,602
down €20,602 (-30.0%), from €68,768 to €48,166
of which Other tangible fixed assets: -€15,109
- Receivables within one year -€4,114
down €4,114 (-43.0%), from €9,563 to €5,449
of which Other amounts receivable: -€4,114
- Deferred charges and accrued income -€1,855
down €1,855 (-92.4%), from €2,007 to €152
- Cash +€1,678
up €1,678 (+91.6%), from €1,831 to €3,509
mainly Depreciation (+€20,602) and Other debts (+€17,545)
- Profit (loss) carried forward -€30,980
down €30,980 (-52.8%), from -€58,707 to -€89,687
- Other debts +€17,545
up €17,545 (+585%), from €3,000 to €20,545
- Debts after one year -€10,762
down €10,762 (-10.3%), from €104,424 to €93,662
of which Financial debts: -€10,762
- Gross operating margin -€23,186
down €23,186, from €19,173 to -€4,013
- Other operating charges -€467
down €467 (-53.9%), from €866 to €400
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 | €82,170 | €57,276 | -€24,894 | -30.3% |
| Fixed assets | 21/28 | €68,768 | €48,166 | -€20,602 | -30.0% |
| Tangible fixed assets | 22/27 | €68,768 | €48,166 | -€20,602 | -30.0% |
| Plant, machinery and equipment | 23 | €3,006 | €2,164 | -€842 | -28.0% |
| Furniture and vehicles | 24 | €6,524 | €1,872 | -€4,652 | -71.3% |
| Other tangible fixed assets | 26 | €59,239 | €44,130 | -€15,109 | -25.5% |
| Current assets | 29/58 | €13,401 | €9,110 | -€4,291 | -32.0% |
| Amounts receivable within one year | 40/41 | €9,563 | €5,449 | -€4,114 | -43.0% |
| Trade receivables | 40 | €3,613 | €3,613 | = | 0.0% |
| Other amounts receivable | 41 | €5,950 | €1,836 | -€4,114 | -69.1% |
| Cash at bank and in hand | 54/58 | €1,831 | €3,509 | +€1,678 | +91.6% |
| Deferred charges and accrued income | 490/1 | €2,007 | €152 | -€1,855 | -92.4% |
| Total equity and liabilities | 10/49 | €82,170 | €57,276 | -€24,894 | -30.3% |
| Equity | 10/15 | -€40,107 | -€71,087 | -€30,980 | -77.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,707 | -€89,687 | -€30,980 | -52.8% |
| Amounts payable | 17/49 | €122,276 | €128,363 | +€6,087 | +5.0% |
| Amounts payable after more than one year | 17 | €104,424 | €93,662 | -€10,762 | -10.3% |
| Financial debts | 170/4 | €44,424 | €33,662 | -€10,762 | -24.2% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,852 | €34,701 | +€16,848 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €11,299 | €10,762 | -€537 | -4.8% |
| Trade debts | 44 | €3,553 | €3,367 | -€187 | -5.3% |
| Suppliers | 440/4 | €3,553 | €3,367 | -€187 | -5.3% |
| Taxes, remuneration and social security | 45 | €0 | €28 | +€28 | |
| Taxes | 450/3 | €0 | €28 | +€28 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,000 | €20,545 | +€17,545 | +585% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,790 | €20,602 | -€188 | -0.9% |
| Other operating charges | 640/8 | €866 | €400 | -€467 | -53.9% |
| Gross operating margin | 9900 | €19,173 | -€4,013 | -€23,186 | |
| Operating profit (loss) | 9901 | -€2,484 | -€25,015 | -€22,532 | -907% |
| Financial income | 75/76B | €129 | €0 | -€129 | -100% |
| Recurring financial income | 75 | €129 | €0 | -€129 | -100% |
| Financial charges | 65/66B | €5,936 | €5,965 | +€29 | +0.5% |
| Recurring financial charges | 65 | €5,936 | €5,965 | +€29 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,291 | -€30,980 | -€22,690 | -274% |
| Profit (loss) for the period | 9904 | -€8,291 | -€30,980 | -€22,690 | -274% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,291 | -€30,980 | -€22,690 | -274% |
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 19 October 2026 via checked.be.