R.D.M.: 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.M.
Largest movements
- Tangible fixed assets -€14,527
down €14,527 (-8.3%), from €174,182 to €159,655
- Cash +€7,794
up €7,794 (+1256.9%), from €620 to €8,414
mainly Depreciation (+€25,181) and Other debts (+€11,469)
- Short-term financial debts -€16,500
down €16,500 (-44.5%), from €37,093 to €20,593
- Other debts +€11,469
up €11,469 (+256.5%), from €4,472 to €15,941
- Reserves -€6,507
down €6,507 (-24.8%), from €26,287 to €19,780
of which Distributable reserves: -€6,507
- Tax, wage and social debts +€5,017
up €5,017 (+961.1%), from €522 to €5,540
- Gross operating margin +€10,218
up €10,218 (+30.6%), from €33,423 to €43,641
- Taxes +€4,495
up €4,495 (+861.1%), from €522 to €5,017
- Depreciation -€2,565
down €2,565 (-9.2%), from €27,746 to €25,181
- Financial charges -€990
down €990 (-97.1%), from €1,020 to €30
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 | €174,802 | €168,068 | -€6,733 | -3.9% |
| Fixed assets | 21/28 | €174,182 | €159,655 | -€14,527 | -8.3% |
| Tangible fixed assets | 22/27 | €174,182 | €159,655 | -€14,527 | -8.3% |
| Land and buildings | 22 | €174,182 | €159,655 | -€14,527 | -8.3% |
| Current assets | 29/58 | €620 | €8,414 | +€7,794 | +1256.9% |
| Cash at bank and in hand | 54/58 | €620 | €8,414 | +€7,794 | +1256.9% |
| Total equity and liabilities | 10/49 | €174,802 | €168,068 | -€6,733 | -3.9% |
| Equity | 10/15 | €132,502 | €125,995 | -€6,507 | -4.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €26,287 | €19,780 | -€6,507 | -24.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €20,090 | €13,583 | -€6,507 | -32.4% |
| Profit (loss) carried forward | 14 | €19,452 | €19,452 | = | 0.0% |
| Amounts payable | 17/49 | €42,300 | €42,074 | -€226 | -0.5% |
| Amounts payable within one year | 42/48 | €42,300 | €42,074 | -€226 | -0.5% |
| Financial debts | 43 | €37,093 | €20,593 | -€16,500 | -44.5% |
| Other loans | 439 | €37,093 | €20,593 | -€16,500 | -44.5% |
| Trade debts | 44 | €213 | - | -€213 | |
| Suppliers | 440/4 | €213 | - | -€213 | |
| Taxes, remuneration and social security | 45 | €522 | €5,540 | +€5,017 | +961.1% |
| Taxes | 450/3 | €522 | €5,540 | +€5,017 | +961.1% |
| Other amounts payable | 47/48 | €4,472 | €15,941 | +€11,469 | +256.5% |
| Non-recurring operating income | 76A | €2,323 | €2,390 | +€67 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,746 | €25,181 | -€2,565 | -9.2% |
| Other operating charges | 640/8 | €3,660 | €3,979 | +€319 | +8.7% |
| Gross operating margin | 9900 | €33,423 | €43,641 | +€10,218 | +30.6% |
| Operating profit (loss) | 9901 | €2,018 | €14,481 | +€12,464 | +617.7% |
| Financial charges | 65/66B | €1,020 | €30 | -€990 | -97.1% |
| Recurring financial charges | 65 | €1,020 | €30 | -€990 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €998 | €14,451 | +€13,454 | +1348.8% |
| Income taxes | 67/77 | €522 | €5,017 | +€4,495 | +861.1% |
| Profit (loss) for the period | 9904 | €475 | €9,434 | +€8,959 | +1884.1% |
| Profit (loss) for the period to be appropriated | 9905 | €475 | €9,434 | +€8,959 | +1884.1% |
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 10 October 2026 via checked.be.