R.N.D.: 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.N.D.
Largest movements
- Tangible fixed assets -€258,809
down €258,809 (-4.2%), from €6.1m to €5.8m
of which Land and buildings: -€253,505
- Other debts -€413,303
down €413,303 (-11.2%), from €3.7m to €3.3m
- Reserves +€176,583
up €176,583 (+11.0%), from €1.6m to €1.8m
of which Distributable reserves: +€176,583
- Debts after one year -€68,107
down €68,107 (-15.5%), from €439,594 to €371,487
- Gross operating margin +€51,241
up €51,241 (+6.5%), from €787,359 to €838,600
- Financial charges -€32,436
down €32,436 (-14.2%), from €228,975 to €196,540
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,194,289 | €5,893,377 | -€300,912 | -4.9% |
| Fixed assets | 21/28 | €6,095,503 | €5,836,694 | -€258,809 | -4.2% |
| Tangible fixed assets | 22/27 | €6,092,780 | €5,833,971 | -€258,809 | -4.2% |
| Land and buildings | 22 | €6,052,961 | €5,799,456 | -€253,505 | -4.2% |
| Plant, machinery and equipment | 23 | €39,819 | €34,515 | -€5,304 | -13.3% |
| Financial fixed assets | 28 | €2,723 | €2,723 | = | 0.0% |
| Current assets | 29/58 | €98,786 | €56,683 | -€42,102 | -42.6% |
| Amounts receivable within one year | 40/41 | €98,521 | €56,683 | -€41,838 | -42.5% |
| Trade receivables | 40 | €98,521 | €39,683 | -€58,838 | -59.7% |
| Other amounts receivable | 41 | - | €17,000 | +€17,000 | |
| Deferred charges and accrued income | 490/1 | €264 | - | -€264 | |
| Total equity and liabilities | 10/49 | €6,194,289 | €5,893,377 | -€300,912 | -4.9% |
| Equity | 10/15 | €1,929,696 | €2,106,280 | +€176,583 | +9.2% |
| Contributions | 10/11 | €331,261 | €331,261 | = | 0.0% |
| Reserves | 13 | €1,598,435 | €1,775,018 | +€176,583 | +11.0% |
| Non-distributable reserves | 130/1 | €23,270 | €23,270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,270 | €23,270 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,476 | €22,476 | = | 0.0% |
| Distributable reserves | 133 | €1,552,689 | €1,729,272 | +€176,583 | +11.4% |
| Amounts payable | 17/49 | €4,264,592 | €3,787,097 | -€477,495 | -11.2% |
| Amounts payable after more than one year | 17 | €439,594 | €371,487 | -€68,107 | -15.5% |
| Financial debts | 170/4 | €439,594 | €371,487 | -€68,107 | -15.5% |
| Amounts payable within one year | 42/48 | €3,806,926 | €3,403,728 | -€403,197 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €68,071 | €72,571 | +€4,500 | +6.6% |
| Trade debts | 44 | €37,233 | €33,562 | -€3,671 | -9.9% |
| Suppliers | 440/4 | €37,233 | €33,562 | -€3,671 | -9.9% |
| Taxes, remuneration and social security | 45 | €4,246 | €13,523 | +€9,277 | +219% |
| Taxes | 450/3 | €4,246 | €13,523 | +€9,277 | +219% |
| Other amounts payable | 47/48 | €3,697,375 | €3,284,072 | -€413,303 | -11.2% |
| Accrued charges and deferred income | 492/3 | €18,072 | €11,882 | -€6,190 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,140 | €258,809 | -€330 | -0.1% |
| Other operating charges | 640/8 | €60,565 | €67,712 | +€7,148 | +11.8% |
| Gross operating margin | 9900 | €787,359 | €838,600 | +€51,241 | +6.5% |
| Operating profit (loss) | 9901 | €467,654 | €512,078 | +€44,424 | +9.5% |
| Financial charges | 65/66B | €228,975 | €196,540 | -€32,436 | -14.2% |
| Recurring financial charges | 65 | €228,975 | €196,540 | -€32,436 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €238,679 | €315,539 | +€76,860 | +32.2% |
| Income taxes | 67/77 | €63,456 | €63,955 | +€499 | +0.8% |
| Profit (loss) for the period | 9904 | €175,223 | €251,583 | +€76,361 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175,223 | €251,583 | +€76,361 | +43.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.