RVS-Projects: 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.
RVS-Projects
Largest movements
- Receivables within one year -€15,776
down €15,776 (-97.8%), from €16,126 to €351
of which Trade receivables: -€15,622
- Cash -€870
down €870 (-45.8%), from €1,898 to €1,028
mainly Net result for the year (-€14,825) and Tax, wage and social debts (-€2,635)
- Tangible fixed assets -€527
down €527 (-33.6%), from €1,570 to €1,043
of which Plant, machinery and equipment: -€517
- Deferred charges and accrued income -€517
down €517 (-56.7%), from €911 to €394
- Stocks and contracts +€222
up €222 (+66.2%), from €335 to €557
- Profit (loss) carried forward -€14,825
down €14,825 (-124%), from -€12,002 to -€26,826
- Tax, wage and social debts -€2,635
down €2,635 (-22.9%), from €11,503 to €8,868
of which Remuneration and social security: -€2,029
- Trade debts -€732
down €732 (-39.9%), from €1,834 to €1,103
- Other debts +€723
new in 2025: €723
- Gross operating margin -€23,814
down €23,814, from €11,322 to -€12,492
- Taxes -€2,109
down €2,109 (-82.7%), from €2,550 to €441
- Financial charges -€590
down €590 (-89.3%), from €660 to €70
- Staff costs +€222
new in 2025: €222
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 | €20,850 | €3,383 | -€17,467 | -83.8% |
| Fixed assets | 21/28 | €1,580 | €1,053 | -€527 | -33.4% |
| Tangible fixed assets | 22/27 | €1,570 | €1,043 | -€527 | -33.6% |
| Land and buildings | 22 | €215 | €204 | -€10 | -4.8% |
| Plant, machinery and equipment | 23 | €1,355 | €838 | -€517 | -38.1% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €19,270 | €2,330 | -€16,940 | -87.9% |
| Stocks and contracts in progress | 3 | €335 | €557 | +€222 | +66.2% |
| Stocks | 30/36 | €335 | €557 | +€222 | +66.2% |
| Amounts receivable within one year | 40/41 | €16,126 | €351 | -€15,776 | -97.8% |
| Trade receivables | 40 | €15,622 | - | -€15,622 | |
| Other amounts receivable | 41 | €504 | €351 | -€153 | -30.4% |
| Cash at bank and in hand | 54/58 | €1,898 | €1,028 | -€870 | -45.8% |
| Deferred charges and accrued income | 490/1 | €911 | €394 | -€517 | -56.7% |
| Total equity and liabilities | 10/49 | €20,850 | €3,383 | -€17,467 | -83.8% |
| Equity | 10/15 | €7,513 | -€7,312 | -€14,825 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €914 | €914 | = | 0.0% |
| Distributable reserves | 133 | €914 | €914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,002 | -€26,826 | -€14,825 | -124% |
| Amounts payable | 17/49 | €13,337 | €10,694 | -€2,643 | -19.8% |
| Amounts payable within one year | 42/48 | €13,337 | €10,694 | -€2,643 | -19.8% |
| Trade debts | 44 | €1,834 | €1,103 | -€732 | -39.9% |
| Suppliers | 440/4 | €1,834 | €1,103 | -€732 | -39.9% |
| Taxes, remuneration and social security | 45 | €11,503 | €8,868 | -€2,635 | -22.9% |
| Taxes | 450/3 | €3,716 | €3,111 | -€606 | -16.3% |
| Remuneration and social security | 454/9 | €7,787 | €5,758 | -€2,029 | -26.1% |
| Other amounts payable | 47/48 | - | €723 | +€723 | |
| Non-recurring operating income | 76A | - | €12,443 | +€12,443 | |
| Remuneration, social security and pensions | 62 | - | €222 | +€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558 | €527 | -€31 | -5.5% |
| Other operating charges | 640/8 | €1,123 | €1,071 | -€52 | -4.6% |
| Gross operating margin | 9900 | €11,322 | -€12,492 | -€23,814 | |
| Operating profit (loss) | 9901 | €9,641 | -€14,313 | -€23,954 | |
| Financial charges | 65/66B | €660 | €70 | -€590 | -89.3% |
| Recurring financial charges | 65 | €660 | €70 | -€590 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €8,980 | -€14,383 | -€23,364 | |
| Income taxes | 67/77 | €2,550 | €441 | -€2,109 | -82.7% |
| Profit (loss) for the period | 9904 | €6,430 | -€14,825 | -€21,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,430 | -€14,825 | -€21,255 |
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 13 October 2026 via checked.be.