52 RDG: 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.
52 RDG
Largest movements
- Cash +€28,026
up €28,026 (+56.1%), from €49,935 to €77,961
mainly Other debts (+€19,773) and Net result for the year (+€10,589)
- Receivables within one year -€8,459
down €8,459 (-65.3%), from €12,959 to €4,500
of which Trade receivables: -€7,994
- Tangible fixed assets -€6,882
down €6,882 (-68.0%), from €10,125 to €3,243
- Other debts +€19,773
up €19,773 (+888%), from €2,227 to €21,999
- Reserves -€9,500
down €9,500 (-19.4%), from €49,000 to €39,500
- Tax, wage and social debts +€2,637
up €2,637 (+50.2%), from €5,253 to €7,890
- Gross operating margin -€15,535
down €15,535 (-40.2%), from €38,690 to €23,155
- Taxes -€4,549
down €4,549 (-46.6%), from €9,763 to €5,214
- Depreciation -€961
down €961 (-12.3%), from €7,843 to €6,882
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 | €74,215 | €86,670 | +€12,454 | +16.8% |
| Fixed assets | 21/28 | €10,150 | €3,268 | -€6,882 | -67.8% |
| Tangible fixed assets | 22/27 | €10,125 | €3,243 | -€6,882 | -68.0% |
| Furniture and vehicles | 24 | €10,125 | €3,243 | -€6,882 | -68.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €64,065 | €83,402 | +€19,337 | +30.2% |
| Amounts receivable within one year | 40/41 | €12,959 | €4,500 | -€8,459 | -65.3% |
| Trade receivables | 40 | €12,494 | €4,500 | -€7,994 | -64.0% |
| Other amounts receivable | 41 | €465 | - | -€465 | |
| Cash at bank and in hand | 54/58 | €49,935 | €77,961 | +€28,026 | +56.1% |
| Deferred charges and accrued income | 490/1 | €1,172 | €941 | -€231 | -19.7% |
| Total equity and liabilities | 10/49 | €74,215 | €86,670 | +€12,454 | +16.8% |
| Equity | 10/15 | €65,651 | €56,240 | -€9,411 | -14.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €49,000 | €39,500 | -€9,500 | -19.4% |
| Distributable reserves | 133 | €49,000 | €39,500 | -€9,500 | -19.4% |
| Profit (loss) carried forward | 14 | €8,591 | €8,680 | +€89 | +1.0% |
| Amounts payable | 17/49 | €8,564 | €30,430 | +€21,866 | +255% |
| Amounts payable within one year | 42/48 | €8,564 | €30,430 | +€21,866 | +255% |
| Trade debts | 44 | €1,085 | €541 | -€544 | -50.2% |
| Suppliers | 440/4 | €1,085 | €541 | -€544 | -50.2% |
| Taxes, remuneration and social security | 45 | €5,253 | €7,890 | +€2,637 | +50.2% |
| Taxes | 450/3 | €5,253 | €7,890 | +€2,637 | +50.2% |
| Other amounts payable | 47/48 | €2,227 | €21,999 | +€19,773 | +888% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €6,882 | -€961 | -12.3% |
| Other operating charges | 640/8 | €530 | €548 | +€19 | +3.6% |
| Gross operating margin | 9900 | €38,690 | €23,155 | -€15,535 | -40.2% |
| Operating profit (loss) | 9901 | €30,317 | €15,725 | -€14,593 | -48.1% |
| Financial income | 75/76B | €342 | €229 | -€113 | -33.0% |
| Recurring financial income | 75 | €342 | €229 | -€113 | -33.0% |
| Financial charges | 65/66B | €131 | €151 | +€20 | +15.3% |
| Recurring financial charges | 65 | €131 | €151 | +€20 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €30,528 | €15,803 | -€14,725 | -48.2% |
| Income taxes | 67/77 | €9,763 | €5,214 | -€4,549 | -46.6% |
| Profit (loss) for the period | 9904 | €20,766 | €10,589 | -€10,177 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,766 | €10,589 | -€10,177 | -49.0% |
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 18 October 2026 via checked.be.