R.D.I.: 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.I.
Largest movements
- Cash -€135,002
down €135,002 (-58.0%), from €232,785 to €97,783
mainly Contributions, distributions and other (-€950,000) and Debts after one year (-€112,750)
- Tangible fixed assets +€89,190
up €89,190 (+28.1%), from €317,379 to €406,568
of which Land and buildings: +€106,819
- Profit (loss) carried forward +€202,940
up €202,940 (+37.7%), from €538,669 to €741,609
- Debts after one year -€112,750
down €112,750 (-6.3%), from €1.8m to €1.7m
- Other debts -€91,318
down €91,318 (-20.6%), from €443,615 to €352,296
- Trade debts -€42,892
down €42,892 (-82.1%), from €52,256 to €9,364
- Financial income +€550,000
up €550,000 (+110.0%), from €500,000 to €1.1m
- Gross operating margin +€24,941
up €24,941 (+12.5%), from €199,275 to €224,216
- Taxes +€6,984
up €6,984 (+25.6%), from €27,330 to €34,313
- Financial charges -€3,122
down €3,122 (-4.4%), from €71,726 to €68,604
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 | €3,015,883 | €2,973,288 | -€42,595 | -1.4% |
| Fixed assets | 21/28 | €2,775,058 | €2,864,211 | +€89,152 | +3.2% |
| Tangible fixed assets | 22/27 | €317,379 | €406,568 | +€89,190 | +28.1% |
| Land and buildings | 22 | €174,591 | €281,410 | +€106,819 | +61.2% |
| Plant, machinery and equipment | 23 | €142,788 | €125,159 | -€17,629 | -12.3% |
| Financial fixed assets | 28 | €2,457,680 | €2,457,642 | -€38 | 0.0% |
| Current assets | 29/58 | €240,825 | €109,077 | -€131,747 | -54.7% |
| Amounts receivable within one year | 40/41 | €7,431 | €10,687 | +€3,255 | +43.8% |
| Trade receivables | 40 | €2,431 | - | -€2,431 | |
| Other amounts receivable | 41 | €5,000 | €10,687 | +€5,687 | +113.7% |
| Cash at bank and in hand | 54/58 | €232,785 | €97,783 | -€135,002 | -58.0% |
| Deferred charges and accrued income | 490/1 | €609 | €607 | -€1 | -0.2% |
| Total equity and liabilities | 10/49 | €3,015,883 | €2,973,288 | -€42,595 | -1.4% |
| Equity | 10/15 | €621,169 | €824,109 | +€202,940 | +32.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €538,669 | €741,609 | +€202,940 | +37.7% |
| Amounts payable | 17/49 | €2,394,714 | €2,149,179 | -€245,535 | -10.3% |
| Amounts payable after more than one year | 17 | €1,776,430 | €1,663,681 | -€112,750 | -6.3% |
| Financial debts | 170/4 | €1,776,430 | €1,663,681 | -€112,750 | -6.3% |
| Amounts payable within one year | 42/48 | €618,284 | €485,498 | -€132,786 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €109,183 | €112,750 | +€3,567 | +3.3% |
| Trade debts | 44 | €52,256 | €9,364 | -€42,892 | -82.1% |
| Suppliers | 440/4 | €52,256 | €9,364 | -€42,892 | -82.1% |
| Taxes, remuneration and social security | 45 | €13,230 | €11,088 | -€2,142 | -16.2% |
| Taxes | 450/3 | €13,230 | €11,088 | -€2,142 | -16.2% |
| Other amounts payable | 47/48 | €443,615 | €352,296 | -€91,318 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,629 | €18,358 | +€729 | +4.1% |
| Gross operating margin | 9900 | €199,275 | €224,216 | +€24,941 | +12.5% |
| Operating profit (loss) | 9901 | €181,646 | €205,858 | +€24,213 | +13.3% |
| Financial income | 75/76B | €500,000 | €1,050,000 | +€550,000 | +110.0% |
| Recurring financial income | 75 | €500,000 | €1,050,000 | +€550,000 | +110.0% |
| Financial charges | 65/66B | €71,726 | €68,604 | -€3,122 | -4.4% |
| Recurring financial charges | 65 | €71,726 | €68,604 | -€3,122 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €609,919 | €1,187,254 | +€577,335 | +94.7% |
| Income taxes | 67/77 | €27,330 | €34,313 | +€6,984 | +25.6% |
| Profit (loss) for the period | 9904 | €582,589 | €1,152,940 | +€570,351 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €582,589 | €1,152,940 | +€570,351 | +97.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.