R.D.K.: 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.K.
Largest movements
- Cash -€40,018
down €40,018 (-82.1%), from €48,719 to €8,701
mainly Contributions, distributions and other (-€164,500) and Receivables within one year (-€13,903)
- Current investments -€30,000
down €30,000 (-21.9%), from €137,133 to €107,133
- Tangible fixed assets -€27,041
down €27,041 (-14.9%), from €181,838 to €154,797
- Receivables within one year +€13,903
up €13,903 (+31.2%), from €44,566 to €58,469
of which Other amounts receivable: +€11,745
- Deferred charges and accrued income -€7,141
down €7,141 (-72.4%), from €9,861 to €2,720
- Reserves -€100,500
down €100,500 (-31.4%), from €320,340 to €219,840
of which Distributable reserves: -€100,500
- Other debts +€14,387
new in 2025: €14,387
- Gross operating margin +€30,930
up €30,930 (+15.8%), from €195,321 to €226,251
- Financial income -€22,157
down €22,157 (-89.6%), from €24,730 to €2,573
- Financial charges -€19,916
down €19,916 (-94.6%), from €21,047 to €1,132
of which Non-recurring financial charges: -€20,000
- Staff costs +€14,927
up €14,927 (+18.2%), from €81,947 to €96,874
- Taxes +€11,797
up €11,797 (+52.6%), from €22,442 to €34,239
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 | €422,162 | €331,864 | -€90,298 | -21.4% |
| Fixed assets | 21/28 | €181,883 | €154,842 | -€27,041 | -14.9% |
| Tangible fixed assets | 22/27 | €181,838 | €154,797 | -€27,041 | -14.9% |
| Land and buildings | 22 | €104,672 | €99,069 | -€5,603 | -5.4% |
| Furniture and vehicles | 24 | €20,710 | €9,124 | -€11,586 | -55.9% |
| Other tangible fixed assets | 26 | €56,456 | €46,604 | -€9,853 | -17.5% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €240,279 | €177,022 | -€63,257 | -26.3% |
| Amounts receivable within one year | 40/41 | €44,566 | €58,469 | +€13,903 | +31.2% |
| Trade receivables | 40 | €11,253 | €13,411 | +€2,158 | +19.2% |
| Other amounts receivable | 41 | €33,313 | €45,058 | +€11,745 | +35.3% |
| Current investments | 50/53 | €137,133 | €107,133 | -€30,000 | -21.9% |
| Cash at bank and in hand | 54/58 | €48,719 | €8,701 | -€40,018 | -82.1% |
| Deferred charges and accrued income | 490/1 | €9,861 | €2,720 | -€7,141 | -72.4% |
| Total equity and liabilities | 10/49 | €422,162 | €331,864 | -€90,298 | -21.4% |
| Equity | 10/15 | €390,559 | €290,165 | -€100,394 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,340 | €219,840 | -€100,500 | -31.4% |
| Tax-exempt reserves | 132 | €10,730 | €10,730 | = | 0.0% |
| Distributable reserves | 133 | €309,610 | €209,110 | -€100,500 | -32.5% |
| Profit (loss) carried forward | 14 | €51,619 | €51,725 | +€106 | +0.2% |
| Amounts payable | 17/49 | €31,603 | €41,699 | +€10,097 | +31.9% |
| Amounts payable within one year | 42/48 | €30,153 | €40,199 | +€10,047 | +33.3% |
| Trade debts | 44 | €6,141 | €5,740 | -€401 | -6.5% |
| Suppliers | 440/4 | €6,141 | €5,740 | -€401 | -6.5% |
| Taxes, remuneration and social security | 45 | €24,012 | €20,073 | -€3,939 | -16.4% |
| Taxes | 450/3 | €14,497 | €9,463 | -€5,034 | -34.7% |
| Remuneration and social security | 454/9 | €9,515 | €10,610 | +€1,095 | +11.5% |
| Other amounts payable | 47/48 | - | €14,387 | +€14,387 | |
| Accrued charges and deferred income | 492/3 | €1,450 | €1,500 | +€50 | +3.4% |
| Remuneration, social security and pensions | 62 | €81,947 | €96,874 | +€14,927 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,978 | €24,985 | -€8,994 | -26.5% |
| Other operating charges | 640/8 | €8,127 | €7,489 | -€638 | -7.9% |
| Gross operating margin | 9900 | €195,321 | €226,251 | +€30,930 | +15.8% |
| Operating profit (loss) | 9901 | €71,269 | €96,904 | +€25,635 | +36.0% |
| Financial income | 75/76B | €24,730 | €2,573 | -€22,157 | -89.6% |
| Recurring financial income | 75 | €24,730 | €2,573 | -€22,157 | -89.6% |
| Financial charges | 65/66B | €21,047 | €1,132 | -€19,916 | -94.6% |
| Recurring financial charges | 65 | €1,047 | €1,132 | +€84 | +8.0% |
| Non-recurring financial charges | 66B | €20,000 | - | -€20,000 | |
| Profit (loss) for the period before taxes | 9903 | €74,951 | €98,345 | +€23,394 | +31.2% |
| Income taxes | 67/77 | €22,442 | €34,239 | +€11,797 | +52.6% |
| Profit (loss) for the period | 9904 | €52,509 | €64,106 | +€11,596 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,509 | €64,106 | +€11,596 | +22.1% |
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 21 October 2026 via checked.be.