R.D. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Stocks and contracts +€13,129
up €13,129 (+402%), from €3,267 to €16,396
- Financial fixed assets +€2,673
new in 2025: €2,673
- Tangible fixed assets -€2,203
down €2,203 (-21.9%), from €10,078 to €7,874
of which Furniture and vehicles: -€3,977
- Receivables within one year +€2,006
up €2,006 (+30.3%), from €6,624 to €8,630
- Deferred charges and accrued income +€1,710
up €1,710 (+463%), from €369 to €2,079
- Debts after one year +€8,522
up €8,522 (+4.4%), from €195,132 to €203,653
- Trade debts +€3,255
up €3,255 (+63.6%), from €5,116 to €8,371
- Tax, wage and social debts +€2,441
up €2,441 (+60.0%), from €4,069 to €6,510
- Profit (loss) carried forward +€2,218
up €2,218 (+1.1%), from -€210,400 to -€208,182
- Gross operating margin +€17,741
up €17,741 (+315%), from €5,624 to €23,366
- Staff costs +€15,756
new in 2025: €15,756
- Financial income +€1,081
up €1,081 (+10,806,200%), from €0 to €1,081
of which Non-recurring financial income: +€1,024
- Financial charges +€676
up €676 (+176%), from €384 to €1,060
of which Financial charges: +€869
- Depreciation +€295
up €295 (+7.4%), from €3,977 to €4,272
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 | €24,494 | €40,930 | +€16,436 | +67.1% |
| Fixed assets | 21/28 | €10,078 | €10,547 | +€469 | +4.7% |
| Tangible fixed assets | 22/27 | €10,078 | €7,874 | -€2,203 | -21.9% |
| Furniture and vehicles | 24 | €10,078 | €6,101 | -€3,977 | -39.5% |
| Other tangible fixed assets | 26 | - | €1,773 | +€1,773 | |
| Financial fixed assets | 28 | - | €2,673 | +€2,673 | |
| Current assets | 29/58 | €14,417 | €30,384 | +€15,967 | +111% |
| Stocks and contracts in progress | 3 | €3,267 | €16,396 | +€13,129 | +402% |
| Stocks | 30/36 | €3,267 | €16,396 | +€13,129 | +402% |
| Amounts receivable within one year | 40/41 | €6,624 | €8,630 | +€2,006 | +30.3% |
| Trade receivables | 40 | €6,624 | €8,630 | +€2,006 | +30.3% |
| Cash at bank and in hand | 54/58 | €4,157 | €3,279 | -€878 | -21.1% |
| Deferred charges and accrued income | 490/1 | €369 | €2,079 | +€1,710 | +463% |
| Total equity and liabilities | 10/49 | €24,494 | €40,930 | +€16,436 | +67.1% |
| Equity | 10/15 | -€191,321 | -€189,104 | +€2,218 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €478 | €478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €478 | €478 | = | 0.0% |
| Reserves not available under the articles | 1311 | €478 | €478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,400 | -€208,182 | +€2,218 | +1.1% |
| Amounts payable | 17/49 | €215,816 | €230,034 | +€14,219 | +6.6% |
| Amounts payable after more than one year | 17 | €195,132 | €203,653 | +€8,522 | +4.4% |
| Other amounts payable | 178/9 | €195,132 | €203,653 | +€8,522 | +4.4% |
| Amounts payable within one year | 42/48 | €20,684 | €26,381 | +€5,697 | +27.5% |
| Trade debts | 44 | €5,116 | €8,371 | +€3,255 | +63.6% |
| Suppliers | 440/4 | €5,116 | €8,371 | +€3,255 | +63.6% |
| Taxes, remuneration and social security | 45 | €4,069 | €6,510 | +€2,441 | +60.0% |
| Taxes | 450/3 | €4,069 | €6,510 | +€2,441 | +60.0% |
| Other amounts payable | 47/48 | €11,500 | €11,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €15,756 | +€15,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,977 | €4,272 | +€295 | +7.4% |
| Other operating charges | 640/8 | €857 | €714 | -€143 | -16.7% |
| Non-recurring operating charges | 66A | - | €287 | +€287 | |
| Gross operating margin | 9900 | €5,624 | €23,366 | +€17,741 | +315% |
| Operating profit (loss) | 9901 | €791 | €2,337 | +€1,546 | +196% |
| Financial income | 75/76B | €0 | €1,081 | +€1,081 | +10,806,200% |
| Recurring financial income | 75 | €0 | €57 | +€57 | +565,200% |
| Non-recurring financial income | 76B | - | €1,024 | +€1,024 | |
| Financial charges | 65/66B | €384 | €1,060 | +€676 | +176% |
| Recurring financial charges | 65 | €191 | €1,060 | +€869 | +455% |
| Non-recurring financial charges | 66B | €193 | - | -€193 | |
| Profit (loss) for the period before taxes | 9903 | €407 | €2,358 | +€1,951 | +479% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €268 | €2,218 | +€1,950 | +729% |
| Profit (loss) for the period to be appropriated | 9905 | €268 | €2,218 | +€1,950 | +729% |
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 23 October 2026 via checked.be.