R D S: 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 S
Largest movements
- Cash -€18,607
down €18,607 (-95.2%), from €19,545 to €938
mainly Debts after one year (-€14,415) and Tax, wage and social debts (-€13,937)
- Tangible fixed assets -€14,487
down €14,487 (-24.6%), from €58,778 to €44,291
- Debts after one year -€14,415
down €14,415 (-29.5%), from €48,944 to €34,529
- Tax, wage and social debts -€13,937
down €13,937 (-60.2%), from €23,146 to €9,209
- Trade debts -€5,524
no longer reported in 2025 (was €5,524)
- Reserves +€1,271
up €1,271 (+7.7%), from €16,608 to €17,880
- Gross operating margin -€17,795
down €17,795 (-49.5%), from €35,919 to €18,124
- Taxes -€3,812
down €3,812 (-86.5%), from €4,408 to €597
- Depreciation +€1,747
up €1,747 (+13.7%), from €12,740 to €14,487
- Financial income +€421
up €421 (+68.1%), from €618 to €1,040
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 | €107,862 | €75,828 | -€32,034 | -29.7% |
| Fixed assets | 21/28 | €58,778 | €44,291 | -€14,487 | -24.6% |
| Tangible fixed assets | 22/27 | €58,778 | €44,291 | -€14,487 | -24.6% |
| Furniture and vehicles | 24 | €58,778 | €44,291 | -€14,487 | -24.6% |
| Current assets | 29/58 | €49,084 | €31,538 | -€17,547 | -35.7% |
| Amounts receivable within one year | 40/41 | €28,538 | €29,302 | +€764 | +2.7% |
| Trade receivables | 40 | €8,131 | €11,339 | +€3,208 | +39.5% |
| Other amounts receivable | 41 | €20,407 | €17,963 | -€2,444 | -12.0% |
| Cash at bank and in hand | 54/58 | €19,545 | €938 | -€18,607 | -95.2% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,298 | +€297 | +29.7% |
| Total equity and liabilities | 10/49 | €107,862 | €75,828 | -€32,034 | -29.7% |
| Equity | 10/15 | €19,608 | €20,880 | +€1,271 | +6.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,608 | €17,880 | +€1,271 | +7.7% |
| Distributable reserves | 133 | €16,608 | €17,880 | +€1,271 | +7.7% |
| Amounts payable | 17/49 | €88,254 | €54,949 | -€33,305 | -37.7% |
| Amounts payable after more than one year | 17 | €48,944 | €34,529 | -€14,415 | -29.5% |
| Financial debts | 170/4 | €48,944 | €34,529 | -€14,415 | -29.5% |
| Amounts payable within one year | 42/48 | €39,006 | €20,087 | -€18,919 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €10,336 | €10,878 | +€542 | +5.2% |
| Trade debts | 44 | €5,524 | - | -€5,524 | |
| Suppliers | 440/4 | €5,524 | - | -€5,524 | |
| Taxes, remuneration and social security | 45 | €23,146 | €9,209 | -€13,937 | -60.2% |
| Taxes | 450/3 | €23,146 | €9,209 | -€13,937 | -60.2% |
| Accrued charges and deferred income | 492/3 | €303 | €333 | +€29 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,740 | €14,487 | +€1,747 | +13.7% |
| Other operating charges | 640/8 | €260 | €279 | +€19 | +7.4% |
| Gross operating margin | 9900 | €35,919 | €18,124 | -€17,795 | -49.5% |
| Operating profit (loss) | 9901 | €22,919 | €3,358 | -€19,561 | -85.3% |
| Financial income | 75/76B | €618 | €1,040 | +€421 | +68.1% |
| Recurring financial income | 75 | €618 | €1,040 | +€421 | +68.1% |
| Financial charges | 65/66B | €2,521 | €2,530 | +€9 | +0.3% |
| Recurring financial charges | 65 | €2,521 | €2,530 | +€9 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €21,017 | €1,868 | -€19,149 | -91.1% |
| Income taxes | 67/77 | €4,408 | €597 | -€3,812 | -86.5% |
| Profit (loss) for the period | 9904 | €16,608 | €1,271 | -€15,337 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,608 | €1,271 | -€15,337 | -92.3% |
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 26 October 2026 via checked.be.