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.
RB PROPERTIES
Largest movements
- Stocks and contracts +€478,638
up €478,638 (+85.2%), from €562,000 to €1.0m
- Receivables within one year -€123,349
down €123,349 (-58.0%), from €212,578 to €89,229
of which Other amounts receivable: -€142,055
- Cash +€32,224
up €32,224 (+113.7%), from €28,351 to €60,575
mainly Other debts (+€207,241) and Receivables within one year (+€123,349)
- Financial fixed assets -€20,238
no longer reported in 2025 (was €20,238)
- Other debts +€207,241
up €207,241 (+161.3%), from €128,459 to €335,700
- Profit (loss) carried forward +€76,920
up €76,920 (+267.4%), from €28,767 to €105,687
- Tax, wage and social debts +€32,007
up €32,007 (+236.6%), from €13,526 to €45,533
- Current portion of long-term debt +€28,092
up €28,092 (+6.5%), from €433,908 to €462,000
- Trade debts +€22,131
new in 2025: €22,131
- Gross operating margin +€84,173
up €84,173 (+54.8%), from €153,493 to €237,666
- Provisions -€29,590
down €29,590 (-74.9%), from €39,500 to €9,910
- Financial charges +€21,128
up €21,128 (+168.7%), from €12,524 to €33,652
- Taxes +€16,051
up €16,051 (+118.7%), from €13,526 to €29,577
- Financial income -€11,651
down €11,651 (-96.7%), from €12,050 to €399
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 | €823,660 | €1,190,961 | +€367,301 | +44.6% |
| Fixed assets | 21/28 | €20,238 | - | -€20,238 | |
| Financial fixed assets | 28 | €20,238 | - | -€20,238 | |
| Current assets | 29/58 | €803,421 | €1,190,961 | +€387,540 | +48.2% |
| Stocks and contracts in progress | 3 | €562,000 | €1,040,638 | +€478,638 | +85.2% |
| Stocks | 30/36 | €562,000 | €1,040,638 | +€478,638 | +85.2% |
| Amounts receivable within one year | 40/41 | €212,578 | €89,229 | -€123,349 | -58.0% |
| Trade receivables | 40 | €7,043 | €25,750 | +€18,707 | +265.6% |
| Other amounts receivable | 41 | €205,535 | €63,479 | -€142,055 | -69.1% |
| Cash at bank and in hand | 54/58 | €28,351 | €60,575 | +€32,224 | +113.7% |
| Deferred charges and accrued income | 490/1 | €492 | €519 | +€27 | +5.5% |
| Total equity and liabilities | 10/49 | €823,660 | €1,190,961 | +€367,301 | +44.6% |
| Equity | 10/15 | €73,767 | €150,687 | +€76,920 | +104.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,767 | €105,687 | +€76,920 | +267.4% |
| Provisions and deferred taxes | 16 | €39,500 | €49,410 | +€9,910 | +25.1% |
| Provisions for liabilities and charges | 160/5 | €39,500 | €49,410 | +€9,910 | +25.1% |
| Other liabilities and charges | 164/5 | €39,500 | €49,410 | +€9,910 | +25.1% |
| Amounts payable | 17/49 | €710,393 | €990,864 | +€280,472 | +39.5% |
| Amounts payable after more than one year | 17 | €134,500 | €125,500 | -€9,000 | -6.7% |
| Other amounts payable | 178/9 | €134,500 | €125,500 | -€9,000 | -6.7% |
| Amounts payable within one year | 42/48 | €575,893 | €865,364 | +€289,472 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €433,908 | €462,000 | +€28,092 | +6.5% |
| Trade debts | 44 | - | €22,131 | +€22,131 | |
| Suppliers | 440/4 | - | €22,131 | +€22,131 | |
| Taxes, remuneration and social security | 45 | €13,526 | €45,533 | +€32,007 | +236.6% |
| Taxes | 450/3 | €13,526 | €45,533 | +€32,007 | +236.6% |
| Other amounts payable | 47/48 | €128,459 | €335,700 | +€207,241 | +161.3% |
| Remuneration, social security and pensions | 62 | -€21 | - | +€21 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €39,500 | €9,910 | -€29,590 | -74.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €87,607 | +€87,607 | |
| Gross operating margin | 9900 | €153,493 | €237,666 | +€84,173 | +54.8% |
| Operating profit (loss) | 9901 | €113,627 | €139,749 | +€26,122 | +23.0% |
| Financial income | 75/76B | €12,050 | €399 | -€11,651 | -96.7% |
| Recurring financial income | 75 | €12,050 | €399 | -€11,651 | -96.7% |
| Financial charges | 65/66B | €12,524 | €33,652 | +€21,128 | +168.7% |
| Recurring financial charges | 65 | €12,524 | €33,652 | +€21,128 | +168.7% |
| Profit (loss) for the period before taxes | 9903 | €113,153 | €106,497 | -€6,657 | -5.9% |
| Income taxes | 67/77 | €13,526 | €29,577 | +€16,051 | +118.7% |
| Profit (loss) for the period | 9904 | €99,627 | €76,920 | -€22,708 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,627 | €76,920 | -€22,708 | -22.8% |
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 26 September 2026 via checked.be.