De Rhode Gond: 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.
De Rhode Gond
Largest movements
- Tangible fixed assets -€26,710
down €26,710 (-23.0%), from €116,333 to €89,623
of which Plant, machinery and equipment: -€17,570
- Receivables within one year -€13,960
down €13,960 (-6.3%), from €222,970 to €209,010
of which Trade receivables: -€221,248
- Cash +€12,988
up €12,988 (+35.5%), from €36,589 to €49,577
mainly Depreciation (+€44,927) and Net result for the year (+€40,962)
- Deferred charges and accrued income +€11,438
up €11,438 (+329.2%), from €3,475 to €14,913
- Stocks and contracts -€4,735
down €4,735 (-12.1%), from €39,226 to €34,492
- Short-term financial debts +€40,000
new in 2025: €40,000
- Reserves -€19,117
down €19,117 (-8.0%), from €239,297 to €220,180
- Current portion of long-term debt -€15,228
down €15,228 (-44.7%), from €34,071 to €18,842
- Other debts -€9,600
down €9,600 (-70.6%), from €13,600 to €4,000
- Trade debts -€9,167
down €9,167 (-22.9%), from €40,026 to €30,859
- Gross operating margin -€23,545
down €23,545 (-12.3%), from €191,810 to €168,265
- Staff costs -€19,736
down €19,736 (-23.5%), from €83,828 to €64,092
- Depreciation +€12,111
up €12,111 (+36.9%), from €32,816 to €44,927
- Financial income +€9,931
up €9,931 (+37774.6%), from €26 to €9,957
- Financial charges +€2,475
up €2,475 (+133.9%), from €1,849 to €4,324
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 | €418,593 | €397,614 | -€20,980 | -5.0% |
| Fixed assets | 21/28 | €116,334 | €89,623 | -€26,711 | -23.0% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €116,333 | €89,623 | -€26,710 | -23.0% |
| Plant, machinery and equipment | 23 | €100,755 | €83,185 | -€17,570 | -17.4% |
| Furniture and vehicles | 24 | €2,681 | €1,739 | -€942 | -35.1% |
| Other tangible fixed assets | 26 | €12,897 | €4,698 | -€8,199 | -63.6% |
| Current assets | 29/58 | €302,260 | €307,991 | +€5,732 | +1.9% |
| Stocks and contracts in progress | 3 | €39,226 | €34,492 | -€4,735 | -12.1% |
| Stocks | 30/36 | €39,226 | €34,492 | -€4,735 | -12.1% |
| Amounts receivable within one year | 40/41 | €222,970 | €209,010 | -€13,960 | -6.3% |
| Trade receivables | 40 | €221,248 | - | -€221,248 | |
| Other amounts receivable | 41 | €1,721 | €209,010 | +€207,288 | +12042.7% |
| Cash at bank and in hand | 54/58 | €36,589 | €49,577 | +€12,988 | +35.5% |
| Deferred charges and accrued income | 490/1 | €3,475 | €14,913 | +€11,438 | +329.2% |
| Total equity and liabilities | 10/49 | €418,593 | €397,614 | -€20,980 | -5.0% |
| Equity | 10/15 | €245,497 | €226,380 | -€19,117 | -7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239,297 | €220,180 | -€19,117 | -8.0% |
| Distributable reserves | 133 | €239,297 | €220,180 | -€19,117 | -8.0% |
| Amounts payable | 17/49 | €173,097 | €171,233 | -€1,863 | -1.1% |
| Amounts payable after more than one year | 17 | €55,589 | €50,105 | -€5,484 | -9.9% |
| Financial debts | 170/4 | €55,589 | €50,105 | -€5,484 | -9.9% |
| Amounts payable within one year | 42/48 | €117,507 | €120,731 | +€3,224 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €34,071 | €18,842 | -€15,228 | -44.7% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Other loans | 439 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €40,026 | €30,859 | -€9,167 | -22.9% |
| Suppliers | 440/4 | €40,026 | €30,859 | -€9,167 | -22.9% |
| Taxes, remuneration and social security | 45 | €29,811 | €27,030 | -€2,781 | -9.3% |
| Taxes | 450/3 | €16,136 | €17,020 | +€884 | +5.5% |
| Remuneration and social security | 454/9 | €13,675 | €10,011 | -€3,664 | -26.8% |
| Other amounts payable | 47/48 | €13,600 | €4,000 | -€9,600 | -70.6% |
| Accrued charges and deferred income | 492/3 | - | €397 | +€397 | |
| Remuneration, social security and pensions | 62 | €83,828 | €64,092 | -€19,736 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,816 | €44,927 | +€12,111 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,524 | €2,187 | -€337 | -13.3% |
| Other operating charges | 640/8 | €508 | €445 | -€63 | -12.3% |
| Gross operating margin | 9900 | €191,810 | €168,265 | -€23,545 | -12.3% |
| Operating profit (loss) | 9901 | €72,134 | €56,614 | -€15,521 | -21.5% |
| Financial income | 75/76B | €26 | €9,957 | +€9,931 | +37774.6% |
| Recurring financial income | 75 | €26 | €9,957 | +€9,931 | +37774.6% |
| Financial charges | 65/66B | €1,849 | €4,324 | +€2,475 | +133.9% |
| Recurring financial charges | 65 | €1,849 | €4,324 | +€2,475 | +133.9% |
| Profit (loss) for the period before taxes | 9903 | €70,312 | €62,247 | -€8,065 | -11.5% |
| Income taxes | 67/77 | €19,438 | €21,285 | +€1,847 | +9.5% |
| Profit (loss) for the period | 9904 | €50,873 | €40,962 | -€9,911 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,873 | €40,962 | -€9,911 | -19.5% |
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 6 October 2026 via checked.be.