RVV360: 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.
RVV360
Largest movements
- Receivables after one year +€62,500
up €62,500 (+278%), from €22,500 to €85,000
- Receivables within one year +€46,180
up €46,180 (+29.0%), from €159,030 to €205,210
of which Trade receivables: +€141,484
- Deferred charges and accrued income +€11,767
up €11,767 (+921%), from €1,278 to €13,045
- Cash -€4,409
down €4,409 (-74.7%), from €5,900 to €1,491
mainly Receivables after one year (-€62,500) and Receivables within one year (-€46,180)
- Other debts +€36,952
up €36,952 (+397%), from €9,314 to €46,267
- Trade debts +€32,604
up €32,604 (+25.3%), from €128,811 to €161,415
- Tax, wage and social debts +€23,965
up €23,965 (+248%), from €9,648 to €33,612
- Debts after one year +€17,500
new in 2025: €17,500
- Gross operating margin +€36,045
up €36,045 (+266%), from €13,561 to €49,606
- Write-downs -€6,795
no longer reported in 2025 (was €6,795)
- Taxes -€821
down €821 (-30.4%), from €2,703 to €1,882
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 | €193,957 | €307,379 | +€113,422 | +58.5% |
| Fixed assets | 21/28 | €5,249 | €2,633 | -€2,616 | -49.8% |
| Tangible fixed assets | 22/27 | €5,249 | €2,633 | -€2,616 | -49.8% |
| Furniture and vehicles | 24 | €5,249 | €2,633 | -€2,616 | -49.8% |
| Current assets | 29/58 | €188,708 | €304,746 | +€116,038 | +61.5% |
| Amounts receivable after more than one year | 29 | €22,500 | €85,000 | +€62,500 | +278% |
| Other amounts receivable | 291 | €22,500 | €85,000 | +€62,500 | +278% |
| Amounts receivable within one year | 40/41 | €159,030 | €205,210 | +€46,180 | +29.0% |
| Trade receivables | 40 | €44,177 | €185,660 | +€141,484 | +320% |
| Other amounts receivable | 41 | €114,853 | €19,549 | -€95,304 | -83.0% |
| Cash at bank and in hand | 54/58 | €5,900 | €1,491 | -€4,409 | -74.7% |
| Deferred charges and accrued income | 490/1 | €1,278 | €13,045 | +€11,767 | +921% |
| Total equity and liabilities | 10/49 | €193,957 | €307,379 | +€113,422 | +58.5% |
| Equity | 10/15 | €44,973 | €47,186 | +€2,212 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,373 | €28,586 | +€2,212 | +8.4% |
| Distributable reserves | 133 | €26,373 | €28,586 | +€2,212 | +8.4% |
| Amounts payable | 17/49 | €148,984 | €260,194 | +€111,210 | +74.6% |
| Amounts payable after more than one year | 17 | - | €17,500 | +€17,500 | |
| Other amounts payable | 178/9 | - | €17,500 | +€17,500 | |
| Amounts payable within one year | 42/48 | €147,984 | €241,294 | +€93,310 | +63.1% |
| Trade debts | 44 | €128,811 | €161,415 | +€32,604 | +25.3% |
| Suppliers | 440/4 | €128,811 | €161,415 | +€32,604 | +25.3% |
| Advances received on contracts in progress | 46 | €211 | - | -€211 | |
| Taxes, remuneration and social security | 45 | €9,648 | €33,612 | +€23,965 | +248% |
| Taxes | 450/3 | €9,648 | €33,612 | +€23,965 | +248% |
| Other amounts payable | 47/48 | €9,314 | €46,267 | +€36,952 | +397% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,400 | +€400 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,667 | €2,616 | -€51 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,795 | - | -€6,795 | |
| Other operating charges | 640/8 | €451 | €527 | +€76 | +16.9% |
| Gross operating margin | 9900 | €13,561 | €49,606 | +€36,045 | +266% |
| Operating profit (loss) | 9901 | €3,648 | €46,463 | +€42,814 | +1,174% |
| Financial income | 75/76B | €3,393 | €3,374 | -€19 | -0.6% |
| Recurring financial income | 75 | €3,393 | €3,374 | -€19 | -0.6% |
| Financial charges | 65/66B | €1,191 | €743 | -€448 | -37.6% |
| Recurring financial charges | 65 | €1,191 | €743 | -€448 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €5,850 | €49,094 | +€43,243 | +739% |
| Income taxes | 67/77 | €2,703 | €1,882 | -€821 | -30.4% |
| Profit (loss) for the period | 9904 | €3,148 | €47,212 | +€44,064 | +1,400% |
| Profit (loss) for the period to be appropriated | 9905 | €3,148 | €47,212 | +€44,064 | +1,400% |
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 17 October 2026 via checked.be.