R.D.C.: 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.
R.D.C.
Largest movements
- Receivables within one year +€86,635
up €86,635 (+121.4%), from €71,339 to €157,975
of which Trade receivables: +€43,723
- Cash -€31,443
down €31,443 (-81.8%), from €38,461 to €7,018
mainly Receivables within one year (-€86,635) and Trade debts (-€16,499)
- Deferred charges and accrued income -€3,382
down €3,382 (-48.9%), from €6,918 to €3,537
- Reserves +€74,781
up €74,781 (+108.3%), from €69,059 to €143,841
- Trade debts -€16,499
down €16,499 (-43.4%), from €38,051 to €21,552
- Other debts -€5,608
no longer reported in 2025 (was €5,608)
- Gross operating margin +€29,066
up €29,066 (+33.0%), from €88,040 to €117,106
- Taxes +€11,923
up €11,923 (+68.5%), from €17,406 to €29,330
- Depreciation +€5,804
up €5,804 (+435.7%), from €1,332 to €7,136
- Other operating charges +€1,575
up €1,575 (+902.8%), from €175 to €1,750
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 | €144,373 | €197,830 | +€53,457 | +37.0% |
| Fixed assets | 21/28 | €27,655 | €29,301 | +€1,647 | +6.0% |
| Tangible fixed assets | 22/27 | €27,655 | €29,301 | +€1,647 | +6.0% |
| Plant, machinery and equipment | 23 | €3,784 | €9,049 | +€5,266 | +139.2% |
| Furniture and vehicles | 24 | €23,871 | €20,252 | -€3,619 | -15.2% |
| Current assets | 29/58 | €116,718 | €168,529 | +€51,810 | +44.4% |
| Amounts receivable within one year | 40/41 | €71,339 | €157,975 | +€86,635 | +121.4% |
| Trade receivables | 40 | €71,339 | €115,062 | +€43,723 | +61.3% |
| Other amounts receivable | 41 | - | €42,912 | +€42,912 | |
| Cash at bank and in hand | 54/58 | €38,461 | €7,018 | -€31,443 | -81.8% |
| Deferred charges and accrued income | 490/1 | €6,918 | €3,537 | -€3,382 | -48.9% |
| Total equity and liabilities | 10/49 | €144,373 | €197,830 | +€53,457 | +37.0% |
| Equity | 10/15 | €71,559 | €146,341 | +€74,781 | +104.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €69,059 | €143,841 | +€74,781 | +108.3% |
| Distributable reserves | 133 | €69,059 | €143,841 | +€74,781 | +108.3% |
| Amounts payable | 17/49 | €72,814 | €51,489 | -€21,324 | -29.3% |
| Amounts payable within one year | 42/48 | €72,814 | €51,489 | -€21,324 | -29.3% |
| Trade debts | 44 | €38,051 | €21,552 | -€16,499 | -43.4% |
| Suppliers | 440/4 | €38,051 | €21,552 | -€16,499 | -43.4% |
| Taxes, remuneration and social security | 45 | €29,154 | €29,937 | +€783 | +2.7% |
| Taxes | 450/3 | €29,154 | €29,937 | +€783 | +2.7% |
| Other amounts payable | 47/48 | €5,608 | - | -€5,608 | |
| Remuneration, social security and pensions | 62 | €68 | - | -€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,332 | €7,136 | +€5,804 | +435.7% |
| Other operating charges | 640/8 | €175 | €1,750 | +€1,575 | +902.8% |
| Gross operating margin | 9900 | €88,040 | €117,106 | +€29,066 | +33.0% |
| Operating profit (loss) | 9901 | €86,466 | €108,221 | +€21,755 | +25.2% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | - | €414 | +€414 | |
| Recurring financial charges | 65 | - | €414 | +€414 | |
| Profit (loss) for the period before taxes | 9903 | €86,466 | €107,814 | +€21,348 | +24.7% |
| Income taxes | 67/77 | €17,406 | €29,330 | +€11,923 | +68.5% |
| Profit (loss) for the period | 9904 | €69,059 | €78,484 | +€9,425 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,059 | €78,484 | +€9,425 | +13.6% |
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.