RxB: what changed
Two fiscal 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.
RxB
Largest movements
- Cash +€94,883
up €94,883 (+164.2%), from €57,782 to €152,665
mainly Net result for the year (+€128,462) and Provisions (+€39,740)
- Deferred charges and accrued income +€38,529
up €38,529 (+41.9%), from €91,993 to €130,522
- Reserves +€128,462
up €128,462 (+90.4%), from €142,175 to €270,636
- Provisions +€39,740
new in 2025: €39,740
- Tax, wage and social debts -€34,027
no longer reported in 2025 (was €34,027)
- Gross operating margin +€23,768
up €23,768 (+15.7%), from €151,111 to €174,878
- Taxes +€5,713
up €5,713 (+16.8%), from €34,027 to €39,740
- Depreciation +€5,066
up €5,066 (+707.1%), from €716 to €5,782
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.
Cash bridge derived
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 | €176,953 | €310,732 | +€133,779 | +75.6% |
| Fixed assets | 21/28 | €27,179 | €27,192 | +€14 | +0.1% |
| Tangible fixed assets | 22/27 | €27,179 | €27,192 | +€14 | +0.1% |
| Plant, machinery and equipment | 23 | - | €5,593 | +€5,593 | |
| Furniture and vehicles | 24 | €27,179 | €21,600 | -€5,579 | -20.5% |
| Current assets | 29/58 | €149,775 | €283,540 | +€133,765 | +89.3% |
| Amounts receivable within one year | 40/41 | - | €353 | +€353 | |
| Other amounts receivable | 41 | - | €353 | +€353 | |
| Cash at bank and in hand | 54/58 | €57,782 | €152,665 | +€94,883 | +164.2% |
| Deferred charges and accrued income | 490/1 | €91,993 | €130,522 | +€38,529 | +41.9% |
| Total equity and liabilities | 10/49 | €176,953 | €310,732 | +€133,779 | +75.6% |
| Equity | 10/15 | €142,275 | €270,736 | +€128,462 | +90.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €142,175 | €270,636 | +€128,462 | +90.4% |
| Distributable reserves | 133 | €142,175 | €270,636 | +€128,462 | +90.4% |
| Provisions and deferred taxes | 16 | - | €39,740 | +€39,740 | |
| Provisions for liabilities and charges | 160/5 | - | €39,740 | +€39,740 | |
| Taxes | 161 | - | €39,740 | +€39,740 | |
| Amounts payable | 17/49 | €34,679 | €256 | -€34,423 | -99.3% |
| Amounts payable within one year | 42/48 | €34,679 | €256 | -€34,423 | -99.3% |
| Trade debts | 44 | - | €256 | +€256 | |
| Suppliers | 440/4 | - | €256 | +€256 | |
| Taxes, remuneration and social security | 45 | €34,027 | - | -€34,027 | |
| Taxes | 450/3 | €34,027 | - | -€34,027 | |
| Other amounts payable | 47/48 | €651 | - | -€651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €5,782 | +€5,066 | +707.1% |
| Other operating charges | 640/8 | €405 | €827 | +€422 | +104.2% |
| Gross operating margin | 9900 | €151,111 | €174,878 | +€23,768 | +15.7% |
| Operating profit (loss) | 9901 | €149,989 | €168,269 | +€18,280 | +12.2% |
| Financial charges | 65/66B | €52 | €67 | +€15 | +27.9% |
| Recurring financial charges | 65 | €52 | €67 | +€15 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €149,937 | €168,202 | +€18,265 | +12.2% |
| Income taxes | 67/77 | €34,027 | €39,740 | +€5,713 | +16.8% |
| Profit (loss) for the period | 9904 | €115,909 | €128,462 | +€12,553 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,909 | €128,462 | +€12,553 | +10.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.