R.D.H.: 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.H.
Largest movements
- Receivables within one year -€17,662
down €17,662 (-35.3%), from €50,094 to €32,432
- Tangible fixed assets +€2,620
up €2,620, from €0 to €2,620
- Other debts -€21,248
down €21,248 (-96.2%), from €22,091 to €843
- Reserves +€7,307
up €7,307 (+88.7%), from €8,236 to €15,543
- Tax, wage and social debts -€832
down €832 (-29.6%), from €2,815 to €1,983
- Gross operating margin +€6,761
up €6,761 (+175%), from €3,867 to €10,628
- Taxes +€2,261
up €2,261 (+181%), from €1,252 to €3,513
- Depreciation +€380
up €380, from €0 to €380
- Financial income -€266
down €266 (-18.0%), from €1,480 to €1,214
- Financial charges -€130
down €130 (-68.5%), from €190 to €60
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 | €52,330 | €37,029 | -€15,301 | -29.2% |
| Fixed assets | 21/28 | €0 | €2,620 | +€2,620 | |
| Tangible fixed assets | 22/27 | €0 | €2,620 | +€2,620 | |
| Furniture and vehicles | 24 | €0 | €2,620 | +€2,620 | |
| Current assets | 29/58 | €52,330 | €34,409 | -€17,921 | -34.2% |
| Amounts receivable within one year | 40/41 | €50,094 | €32,432 | -€17,662 | -35.3% |
| Other amounts receivable | 41 | €50,094 | €32,432 | -€17,662 | -35.3% |
| Cash at bank and in hand | 54/58 | €756 | €720 | -€36 | -4.8% |
| Deferred charges and accrued income | 490/1 | €1,480 | €1,257 | -€223 | -15.1% |
| Total equity and liabilities | 10/49 | €52,330 | €37,029 | -€15,301 | -29.2% |
| Equity | 10/15 | €26,836 | €34,143 | +€7,307 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,236 | €15,543 | +€7,307 | +88.7% |
| Distributable reserves | 133 | €8,236 | €15,543 | +€7,307 | +88.7% |
| Amounts payable | 17/49 | €25,494 | €2,886 | -€22,608 | -88.7% |
| Amounts payable within one year | 42/48 | €25,305 | €2,826 | -€22,478 | -88.8% |
| Trade debts | 44 | €398 | €0 | -€398 | -100% |
| Suppliers | 440/4 | €398 | €0 | -€398 | -100% |
| Taxes, remuneration and social security | 45 | €2,815 | €1,983 | -€832 | -29.6% |
| Taxes | 450/3 | €2,815 | €1,983 | -€832 | -29.6% |
| Other amounts payable | 47/48 | €22,091 | €843 | -€21,248 | -96.2% |
| Accrued charges and deferred income | 492/3 | €190 | €60 | -€130 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €380 | +€380 | |
| Other operating charges | 640/8 | €505 | €581 | +€76 | +15.0% |
| Non-recurring operating charges | 66A | €1,289 | €0 | -€1,289 | -100% |
| Gross operating margin | 9900 | €3,867 | €10,628 | +€6,761 | +175% |
| Operating profit (loss) | 9901 | €2,072 | €9,667 | +€7,595 | +367% |
| Financial income | 75/76B | €1,480 | €1,214 | -€266 | -18.0% |
| Recurring financial income | 75 | €1,480 | €1,214 | -€266 | -18.0% |
| Financial charges | 65/66B | €190 | €60 | -€130 | -68.5% |
| Recurring financial charges | 65 | €190 | €60 | -€130 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €3,362 | €10,821 | +€7,458 | +222% |
| Income taxes | 67/77 | €1,252 | €3,513 | +€2,261 | +181% |
| Profit (loss) for the period | 9904 | €2,110 | €7,307 | +€5,197 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €2,110 | €7,307 | +€5,197 | +246% |
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 17 October 2026 via checked.be.