R.D.V.: 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.
What changed
R.D.V.
NACE 73.300, Public relations and communication consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€436,771
2024 · €27,611+€409,160
Equity
€5.5m
2024 · €5.5m+€28,245
Cash
€1.6m
2024 · €831,818+€734,220
Balance sheet total
€10.0m
2024 · €11.1m-€1.1m
Largest movements
Assets
- Receivables within one year -€969,775
down €969,775 (-70.9%), from €1.4m to €397,707
of which Other amounts receivable: -€912,180
- Cash +€734,220
up €734,220 (+88.3%), from €831,818 to €1.6m
mainly Receivables within one year (+€969,775) and Investment in fixed assets (net) (+€600,000)
- Financial fixed assets -€600,000
down €600,000 (-10.4%), from €5.8m to €5.2m
of which Affiliated companies: -€600,000
- Tangible fixed assets -€164,279
down €164,279 (-7.0%), from €2.4m to €2.2m
of which Land and buildings: -€147,211
Equity and liabilities
- Other debts -€856,646
down €856,646 (-18.9%), from €4.5m to €3.7m
- Debts after one year -€161,389
down €161,389 (-22.8%), from €707,203 to €545,814
Income statement
- Financial charges -€584,329
down €584,329 (-61.4%), from €951,634 to €367,305
of which Non-recurring financial charges: -€504,016
- Financial income +€314,678
up €314,678 (+65.6%), from €479,374 to €794,053
of which Non-recurring financial income: +€727,327
- Services and other goods +€246,235
up €246,235 (+16.3%), from €1.5m to €1.8m
- Write-downs +€182,000
new in 2025: €182,000
- Turnover -€133,091
down €133,091 (-5.8%), from €2.3m to €2.1m
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.
Result 2024
€27,611
Turnover
-€133,091
Other operating income
+€4,650
Goods and materials
+€7,134
Services and other goods
-€246,235
Staff costs
+€130
Depreciation
+€42,878
Write-downs
-€182,000
Other operating charges
-€2,452
Financial income
+€314,678
Financial charges
+€584,329
Taxes
+€20,012
Deferred taxes and other
-€875
Result 2025
€436,771
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.
From operations
+€704,174
Investment
+€600,000
Financing
-€569,954
Cash 2024
€831,818
From operations (derived)
+€704,174
Net result for the year
+€436,771
Depreciation
+€164,279
Receivables after one year
+€50,000
Receivables within one year
+€969,775
Deferred charges and accrued income
+€11,875
Provisions
-€3,500
Trade debts
-€51,318
Tax, wage and social debts
-€532
Other debts
-€856,646
Accrued charges and deferred income
-€16,529
Investment (derived)
+€600,000
Investment in fixed assets (net)
+€600,000
Financing
-€569,954
Debts after one year
-€161,389
Current portion of long-term debt
-€40
Contributions, distributions and other
-€408,525
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,085,912 | €10,024,203 | -€1.1m | -9.6% |
| Fixed assets | 21/28 | €8,116,814 | €7,352,536 | -€764,279 | -9.4% |
| Tangible fixed assets | 22/27 | €2,356,803 | €2,192,524 | -€164,279 | -7.0% |
| Land and buildings | 22 | €2,311,090 | €2,163,879 | -€147,211 | -6.4% |
| Plant, machinery and equipment | 23 | €29,698 | €21,528 | -€8,170 | -27.5% |
| Furniture and vehicles | 24 | €16,015 | €7,118 | -€8,898 | -55.6% |
| Financial fixed assets | 28 | €5,760,012 | €5,160,012 | -€600,000 | -10.4% |
| Affiliated companies | 280/1 | €5,760,012 | €5,160,012 | -€600,000 | -10.4% |
| Participating interests | 280 | €5,760,012 | €5,160,012 | -€600,000 | -10.4% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Participating interests | 282 | €0 | - | = | |
| Current assets | 29/58 | €2,969,097 | €2,671,667 | -€297,430 | -10.0% |
| Amounts receivable after more than one year | 29 | €750,000 | €700,000 | -€50,000 | -6.7% |
| Other amounts receivable | 291 | €750,000 | €700,000 | -€50,000 | -6.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,367,482 | €397,707 | -€969,775 | -70.9% |
| Trade receivables | 40 | €266,144 | €208,548 | -€57,596 | -21.6% |
| Other amounts receivable | 41 | €1,101,338 | €189,159 | -€912,180 | -82.8% |
| Cash at bank and in hand | 54/58 | €831,818 | €1,566,038 | +€734,220 | +88.3% |
| Deferred charges and accrued income | 490/1 | €19,797 | €7,922 | -€11,875 | -60.0% |
| Total equity and liabilities | 10/49 | €11,085,912 | €10,024,203 | -€1.1m | -9.6% |
| Equity | 10/15 | €5,496,501 | €5,524,747 | +€28,245 | +0.5% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €80,600 | €80,600 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €5,331,039 | €5,365,809 | +€34,771 | +0.7% |
| Non-distributable reserves | 130/1 | €8,005 | €8,060 | +€55 | +0.7% |
| Legal reserve | 130 | €8,005 | €8,060 | +€55 | +0.7% |
| Tax-exempt reserves | 132 | €52,342 | €45,544 | -€6,797 | -13.0% |
| Distributable reserves | 133 | €5,270,692 | €5,312,205 | +€41,513 | +0.8% |
| Investment grants | 15 | €84,863 | €78,337 | -€6,525 | -7.7% |
| Provisions and deferred taxes | 16 | €26,952 | €23,452 | -€3,500 | -13.0% |
| Deferred taxes | 168 | €26,952 | €23,452 | -€3,500 | -13.0% |
| Amounts payable | 17/49 | €5,562,459 | €4,476,005 | -€1.1m | -19.5% |
| Amounts payable after more than one year | 17 | €707,203 | €545,814 | -€161,389 | -22.8% |
| Financial debts | 170/4 | €707,203 | €545,814 | -€161,389 | -22.8% |
| Credit institutions | 173 | €590,536 | €429,148 | -€161,389 | -27.3% |
| Other loans | 174 | €116,667 | €116,667 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,835,996 | €3,927,459 | -€908,536 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €161,429 | €161,389 | -€40 | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €150,361 | €99,043 | -€51,318 | -34.1% |
| Suppliers | 440/4 | €150,361 | €99,043 | -€51,318 | -34.1% |
| Taxes, remuneration and social security | 45 | €3,087 | €2,555 | -€532 | -17.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €3,087 | €2,555 | -€532 | -17.2% |
| Other amounts payable | 47/48 | €4,521,119 | €3,664,473 | -€856,646 | -18.9% |
| Accrued charges and deferred income | 492/3 | €19,260 | €2,731 | -€16,529 | -85.8% |
| Operating income | 70/76A | €2,310,806 | €2,182,366 | -€128,441 | -5.6% |
| Turnover | 70 | €2,277,862 | €2,144,771 | -€133,091 | -5.8% |
| Other operating income | 74 | €32,944 | €37,595 | +€4,650 | +14.1% |
| Operating charges | 60/66A | €1,795,299 | €2,175,843 | +€380,544 | +21.2% |
| Goods for resale, raw materials and consumables | 60 | €7,188 | €53 | -€7,134 | -99.3% |
| Purchases | 600/8 | €7,188 | €53 | -€7,134 | -99.3% |
| Services and other goods | 61 | €1,507,245 | €1,753,480 | +€246,235 | +16.3% |
| Remuneration, social security and pensions | 62 | €46,226 | €46,096 | -€130 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,157 | €164,279 | -€42,878 | -20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €182,000 | +€182,000 | |
| Other operating charges | 640/8 | €27,484 | €29,936 | +€2,452 | +8.9% |
| Operating profit (loss) | 9901 | €515,507 | €6,523 | -€508,985 | -98.7% |
| Financial income | 75/76B | €479,374 | €794,053 | +€314,678 | +65.6% |
| Recurring financial income | 75 | €479,374 | €66,725 | -€412,649 | -86.1% |
| Income from financial fixed assets | 750 | €424,539 | €0 | -€424,539 | -100.0% |
| Income from current assets | 751 | €46,678 | €60,200 | +€13,522 | +29.0% |
| Other financial income | 752/9 | €8,157 | €6,525 | -€1,632 | -20.0% |
| Non-recurring financial income | 76B | - | €727,327 | +€727,327 | |
| Financial charges | 65/66B | €951,634 | €367,305 | -€584,329 | -61.4% |
| Recurring financial charges | 65 | €447,617 | €367,305 | -€80,312 | -17.9% |
| Debt charges | 650 | €295,241 | €215,468 | -€79,773 | -27.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €150,000 | -€150,000 | -€300,000 | |
| Other financial charges | 652/9 | €2,376 | €301,836 | +€299,460 | +12603.8% |
| Non-recurring financial charges | 66B | €504,016 | €0 | -€504,016 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €43,248 | €433,271 | +€390,022 | +901.8% |
| Transfer from deferred taxes | 780 | €4,375 | €3,500 | -€875 | -20.0% |
| Income taxes | 67/77 | €20,012 | €0 | -€20,012 | -100.0% |
| Taxes | 670/3 | €20,012 | €0 | -€20,012 | -100.0% |
| Profit (loss) for the period | 9904 | €27,611 | €436,771 | +€409,160 | +1481.9% |
| Transfer from tax-exempt reserves | 789 | €8,497 | €6,797 | -€1,699 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,108 | €443,568 | +€407,460 | +1128.5% |
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.