R et D CONSULT: what changed
What changed
R et D CONSULT
filed annual accounts (NBB)
Net result for the year
€45,198
2024 · €34,442+€10,756
Equity
€343,945
2024 · €298,747+€45,198
Cash
€3,825
2024 · €5,000-€1,175
Balance sheet total
€665,135
2024 · €636,272+€28,864
Largest movements
Assets
- Receivables within one year +€40,230
up €40,230 (+7.0%), from €570,776 to €611,006
- Tangible fixed assets -€9,325
down €9,325 (-15.6%), from €59,630 to €50,305
Equity and liabilities
- Reserves +€45,000
up €45,000 (+22.3%), from €201,479 to €246,479
of which Distributable reserves: +€45,000
- Tax, wage and social debts -€27,141
down €27,141 (-70.2%), from €38,641 to €11,500
- Other debts +€22,357
up €22,357 (+8.3%), from €269,113 to €291,470
- Debts after one year -€17,402
no longer reported in 2025 (was €17,402)
Income statement
- Financial income +€11,343
up €11,343 (+46.4%), from €24,469 to €35,812
- Taxes +€5,125
up €5,125 (+29.9%), from €17,141 to €22,266
- Financial charges -€2,467
down €2,467 (-46.1%), from €5,348 to €2,880
- Gross operating margin +€2,219
up €2,219 (+4.8%), from €45,818 to €48,037
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,442
Gross operating margin
+€2,219
Other operating charges
-€148
Financial income
+€11,343
Financial charges
+€2,467
Taxes
-€5,125
Result 2025
€45,198
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11,740
Investment
€0
Financing
-€12,915
Cash 2024
€5,000
From operations (derived)
+€11,740
Net result for the year
+€45,198
Depreciation
+€9,325
Receivables within one year
-€40,230
Deferred charges and accrued income
+€866
Trade debts
+€1,365
Tax, wage and social debts
-€27,141
Other debts
+€22,357
Financing
-€12,915
Debts after one year
-€17,402
Current portion of long-term debt
+€4,488
Cash 2025
€3,825
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,272 | €665,135 | +€28,864 | +4.5% |
| Fixed assets | 21/28 | €59,630 | €50,305 | -€9,325 | -15.6% |
| Tangible fixed assets | 22/27 | €59,630 | €50,305 | -€9,325 | -15.6% |
| Land and buildings | 22 | €59,630 | €50,305 | -€9,325 | -15.6% |
| Current assets | 29/58 | €576,642 | €614,831 | +€38,189 | +6.6% |
| Amounts receivable within one year | 40/41 | €570,776 | €611,006 | +€40,230 | +7.0% |
| Other amounts receivable | 41 | €570,776 | €611,006 | +€40,230 | +7.0% |
| Cash at bank and in hand | 54/58 | €5,000 | €3,825 | -€1,175 | -23.5% |
| Deferred charges and accrued income | 490/1 | €866 | - | -€866 | |
| Total equity and liabilities | 10/49 | €636,272 | €665,135 | +€28,864 | +4.5% |
| Equity | 10/15 | €298,747 | €343,945 | +€45,198 | +15.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €201,479 | €246,479 | +€45,000 | +22.3% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €199,000 | €244,000 | +€45,000 | +22.6% |
| Profit (loss) carried forward | 14 | €72,479 | €72,677 | +€198 | +0.3% |
| Amounts payable | 17/49 | €337,525 | €321,190 | -€16,335 | -4.8% |
| Amounts payable after more than one year | 17 | €17,402 | - | -€17,402 | |
| Financial debts | 170/4 | €17,402 | - | -€17,402 | |
| Amounts payable within one year | 42/48 | €320,122 | €321,190 | +€1,068 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €11,125 | €15,613 | +€4,488 | +40.3% |
| Trade debts | 44 | €1,243 | €2,608 | +€1,365 | +110% |
| Suppliers | 440/4 | €1,243 | €2,608 | +€1,365 | +110% |
| Taxes, remuneration and social security | 45 | €38,641 | €11,500 | -€27,141 | -70.2% |
| Taxes | 450/3 | €38,641 | €11,500 | -€27,141 | -70.2% |
| Other amounts payable | 47/48 | €269,113 | €291,470 | +€22,357 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,325 | €9,325 | = | 0.0% |
| Other operating charges | 640/8 | €4,030 | €4,179 | +€148 | +3.7% |
| Gross operating margin | 9900 | €45,818 | €48,037 | +€2,219 | +4.8% |
| Operating profit (loss) | 9901 | €32,463 | €34,533 | +€2,071 | +6.4% |
| Financial income | 75/76B | €24,469 | €35,812 | +€11,343 | +46.4% |
| Recurring financial income | 75 | €24,469 | €35,812 | +€11,343 | +46.4% |
| Financial charges | 65/66B | €5,348 | €2,880 | -€2,467 | -46.1% |
| Recurring financial charges | 65 | €5,348 | €2,880 | -€2,467 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €51,584 | €67,465 | +€15,881 | +30.8% |
| Income taxes | 67/77 | €17,141 | €22,266 | +€5,125 | +29.9% |
| Profit (loss) for the period | 9904 | €34,442 | €45,198 | +€10,756 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,442 | €45,198 | +€10,756 | +31.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.