RVW: what changed
RVW
Largest movements
- Cash +€41,636
up €41,636 (+78.3%), from €53,199 to €94,835
mainly Net result for the year (+€40,072) and Depreciation (+€9,660)
- Tangible fixed assets -€4,828
down €4,828 (-18.0%), from €26,775 to €21,946
of which Furniture and vehicles: -€3,342
- Intangible fixed assets -€3,000
down €3,000 (-16.6%), from €18,025 to €15,025
- Deferred charges and accrued income +€1,687
up €1,687 (+43.9%), from €3,847 to €5,534
- Reserves +€39,239
up €39,239 (+102%), from €38,482 to €77,721
- Other debts -€14,346
down €14,346 (-57.3%), from €25,014 to €10,669
- Tax, wage and social debts +€5,436
up €5,436 (+215%), from €2,530 to €7,966
- Trade debts +€5,165
up €5,165 (+124%), from €4,163 to €9,328
- Gross operating margin +€14,908
up €14,908 (+29.5%), from €50,521 to €65,429
- Taxes +€2,453
up €2,453 (+20.8%), from €11,780 to €14,233
- Depreciation +€970
up €970 (+11.2%), from €8,690 to €9,660
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 | €101,845 | €137,339 | +€35,495 | +34.9% |
| Fixed assets | 21/28 | €44,799 | €36,971 | -€7,828 | -17.5% |
| Intangible fixed assets | 21 | €18,025 | €15,025 | -€3,000 | -16.6% |
| Tangible fixed assets | 22/27 | €26,775 | €21,946 | -€4,828 | -18.0% |
| Plant, machinery and equipment | 23 | €6,993 | €5,506 | -€1,486 | -21.3% |
| Furniture and vehicles | 24 | €19,782 | €16,440 | -€3,342 | -16.9% |
| Current assets | 29/58 | €57,046 | €100,368 | +€43,323 | +75.9% |
| Cash at bank and in hand | 54/58 | €53,199 | €94,835 | +€41,636 | +78.3% |
| Deferred charges and accrued income | 490/1 | €3,847 | €5,534 | +€1,687 | +43.9% |
| Total equity and liabilities | 10/49 | €101,845 | €137,339 | +€35,495 | +34.9% |
| Equity | 10/15 | €70,138 | €109,377 | +€39,239 | +55.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €38,482 | €77,721 | +€39,239 | +102% |
| Distributable reserves | 133 | €38,482 | €77,721 | +€39,239 | +102% |
| Profit (loss) carried forward | 14 | €1,656 | €1,656 | = | 0.0% |
| Amounts payable | 17/49 | €31,707 | €27,962 | -€3,745 | -11.8% |
| Amounts payable within one year | 42/48 | €31,707 | €27,962 | -€3,745 | -11.8% |
| Trade debts | 44 | €4,163 | €9,328 | +€5,165 | +124% |
| Suppliers | 440/4 | €4,163 | €9,328 | +€5,165 | +124% |
| Taxes, remuneration and social security | 45 | €2,530 | €7,966 | +€5,436 | +215% |
| Taxes | 450/3 | €2,530 | €7,966 | +€5,436 | +215% |
| Other amounts payable | 47/48 | €25,014 | €10,669 | -€14,346 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,690 | €9,660 | +€970 | +11.2% |
| Other operating charges | 640/8 | €1,320 | €813 | -€506 | -38.4% |
| Gross operating margin | 9900 | €50,521 | €65,429 | +€14,908 | +29.5% |
| Operating profit (loss) | 9901 | €40,511 | €54,956 | +€14,445 | +35.7% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.5% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.5% |
| Financial charges | 65/66B | €765 | €651 | -€114 | -15.0% |
| Recurring financial charges | 65 | €765 | €651 | -€114 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €39,753 | €54,305 | +€14,552 | +36.6% |
| Income taxes | 67/77 | €11,780 | €14,233 | +€2,453 | +20.8% |
| Profit (loss) for the period | 9904 | €27,974 | €40,072 | +€12,099 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,974 | €40,072 | +€12,099 | +43.3% |
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.