R.D.B.TRANS: 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.
R.D.B.TRANS
Largest movements
- Tangible fixed assets +€35,706
up €35,706 (+64.1%), from €55,738 to €91,444
of which Leasing and similar rights: +€45,429
- Cash +€7,835
up €7,835 (+37.4%), from €20,954 to €28,788
mainly Depreciation (+€30,981) and Debts after one year (+€17,867)
- Receivables within one year +€2,378
up €2,378 (+11.7%), from €20,390 to €22,768
of which Other amounts receivable: +€3,733
- Debts after one year +€17,867
up €17,867 (+48.2%), from €37,078 to €54,945
- Reserves +€14,362
up €14,362 (+221%), from €6,493 to €20,855
of which Tax-exempt reserves: +€10,607
- Current portion of long-term debt +€8,943
up €8,943 (+33.8%), from €26,432 to €35,375
- Provisions +€3,536
new in 2025: €3,536
- Trade debts +€1,671
up €1,671 (+202%), from €828 to €2,498
- Gross operating margin +€21,604
up €21,604 (+66.6%), from €32,427 to €54,031
- Depreciation +€8,375
up €8,375 (+37.0%), from €22,606 to €30,981
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 | €97,082 | €143,000 | +€45,919 | +47.3% |
| Fixed assets | 21/28 | €55,738 | €91,444 | +€35,706 | +64.1% |
| Tangible fixed assets | 22/27 | €55,738 | €91,444 | +€35,706 | +64.1% |
| Land and buildings | 22 | €8,243 | - | -€8,243 | |
| Furniture and vehicles | 24 | €47,495 | €46,015 | -€1,480 | -3.1% |
| Leasing and similar rights | 25 | - | €45,429 | +€45,429 | |
| Current assets | 29/58 | €41,344 | €51,556 | +€10,213 | +24.7% |
| Amounts receivable within one year | 40/41 | €20,390 | €22,768 | +€2,378 | +11.7% |
| Trade receivables | 40 | €17,518 | €16,162 | -€1,355 | -7.7% |
| Other amounts receivable | 41 | €2,872 | €6,606 | +€3,733 | +130% |
| Cash at bank and in hand | 54/58 | €20,954 | €28,788 | +€7,835 | +37.4% |
| Total equity and liabilities | 10/49 | €97,082 | €143,000 | +€45,919 | +47.3% |
| Equity | 10/15 | €28,493 | €42,855 | +€14,362 | +50.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €6,493 | €20,855 | +€14,362 | +221% |
| Tax-exempt reserves | 132 | - | €10,607 | +€10,607 | |
| Distributable reserves | 133 | €6,493 | €10,248 | +€3,755 | +57.8% |
| Provisions and deferred taxes | 16 | - | €3,536 | +€3,536 | |
| Deferred taxes | 168 | - | €3,536 | +€3,536 | |
| Amounts payable | 17/49 | €68,588 | €96,609 | +€28,021 | +40.9% |
| Amounts payable after more than one year | 17 | €37,078 | €54,945 | +€17,867 | +48.2% |
| Financial debts | 170/4 | €37,078 | €54,945 | +€17,867 | +48.2% |
| Amounts payable within one year | 42/48 | €31,510 | €41,664 | +€10,154 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €26,432 | €35,375 | +€8,943 | +33.8% |
| Trade debts | 44 | €828 | €2,498 | +€1,671 | +202% |
| Suppliers | 440/4 | €828 | €2,498 | +€1,671 | +202% |
| Taxes, remuneration and social security | 45 | €4,251 | €3,791 | -€460 | -10.8% |
| Taxes | 450/3 | €4,251 | €3,791 | -€460 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,606 | €30,981 | +€8,375 | +37.0% |
| Other operating charges | 640/8 | €1,299 | €1,049 | -€249 | -19.2% |
| Gross operating margin | 9900 | €32,427 | €54,031 | +€21,604 | +66.6% |
| Operating profit (loss) | 9901 | €8,523 | €22,001 | +€13,478 | +158% |
| Financial income | 75/76B | - | €257 | +€257 | |
| Recurring financial income | 75 | - | €257 | +€257 | |
| Financial charges | 65/66B | €4,220 | €3,853 | -€366 | -8.7% |
| Recurring financial charges | 65 | €4,220 | €3,853 | -€366 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €4,303 | €18,404 | +€14,101 | +328% |
| Transfer from deferred taxes | 780 | - | €589 | +€589 | |
| Transfer to deferred taxes | 680 | - | €4,125 | +€4,125 | |
| Income taxes | 67/77 | €840 | €507 | -€334 | -39.7% |
| Profit (loss) for the period | 9904 | €3,463 | €14,362 | +€10,899 | +315% |
| Transfer from tax-exempt reserves | 789 | - | €1,768 | +€1,768 | |
| Transfer to tax-exempt reserves | 689 | - | €12,375 | +€12,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,463 | €3,755 | +€292 | +8.4% |
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 23 October 2026 via checked.be.