R.V.D. - SECURITIES: 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.V.D. - SECURITIES
Largest movements
- Current investments +€7.1m
up €7.1m (+668%), from €1.1m to €8.2m
- Receivables within one year +€280,098
up €280,098 (+769%), from €36,412 to €316,510
of which Other amounts receivable: +€308,666
- Reserves +€6.7m
up €6.7m (+655%), from €1.0m to €7.7m
of which Distributable reserves: +€6.7m
- Tax, wage and social debts +€625,549
up €625,549 (+1,376%), from €45,451 to €671,000
- Gross operating margin +€8.8m
up €8.8m (+3,467%), from €253,489 to €9.0m
- Taxes +€3.1m
up €3.1m (+4,040%), from €75,676 to €3.1m
- Financial income +€805,432
up €805,432 (+2,794%), from €28,824 to €834,256
of which Non-recurring financial income: +€761,407
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 | €1,425,019 | €8,761,096 | +€7.3m | +515% |
| Fixed assets | 21/28 | €225,277 | €202,279 | -€22,998 | -10.2% |
| Tangible fixed assets | 22/27 | €225,277 | €202,279 | -€22,998 | -10.2% |
| Land and buildings | 22 | €194,409 | €187,402 | -€7,007 | -3.6% |
| Plant, machinery and equipment | 23 | - | €3,916 | +€3,916 | |
| Furniture and vehicles | 24 | €30,868 | €10,961 | -€19,907 | -64.5% |
| Current assets | 29/58 | €1,199,742 | €8,558,817 | +€7.4m | +613% |
| Amounts receivable within one year | 40/41 | €36,412 | €316,510 | +€280,098 | +769% |
| Trade receivables | 40 | €28,568 | - | -€28,568 | |
| Other amounts receivable | 41 | €7,844 | €316,510 | +€308,666 | +3,935% |
| Current investments | 50/53 | €1,063,473 | €8,165,596 | +€7.1m | +668% |
| Cash at bank and in hand | 54/58 | €94,111 | €70,479 | -€23,632 | -25.1% |
| Deferred charges and accrued income | 490/1 | €5,746 | €6,232 | +€486 | +8.5% |
| Total equity and liabilities | 10/49 | €1,425,019 | €8,761,096 | +€7.3m | +515% |
| Equity | 10/15 | €1,376,286 | €8,086,664 | +€6.7m | +488% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,024,151 | €7,734,151 | +€6.7m | +655% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,017,951 | €7,727,951 | +€6.7m | +659% |
| Profit (loss) carried forward | 14 | €290,135 | €290,513 | +€378 | +0.1% |
| Amounts payable | 17/49 | €48,733 | €674,432 | +€625,699 | +1,284% |
| Amounts payable within one year | 42/48 | €47,037 | €672,838 | +€625,801 | +1,330% |
| Trade debts | 44 | €1,586 | €1,838 | +€252 | +15.9% |
| Suppliers | 440/4 | €1,586 | €1,838 | +€252 | +15.9% |
| Taxes, remuneration and social security | 45 | €45,451 | €671,000 | +€625,549 | +1,376% |
| Taxes | 450/3 | €45,451 | €671,000 | +€625,549 | +1,376% |
| Accrued charges and deferred income | 492/3 | €1,696 | €1,594 | -€102 | -6.0% |
| Non-recurring operating income | 76A | - | €8,762,150 | +€8.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,600 | €30,337 | +€737 | +2.5% |
| Other operating charges | 640/8 | €2,403 | €2,139 | -€264 | -11.0% |
| Gross operating margin | 9900 | €253,489 | €9,041,637 | +€8.8m | +3,467% |
| Operating profit (loss) | 9901 | €221,486 | €9,009,161 | +€8.8m | +3,968% |
| Financial income | 75/76B | €28,824 | €834,256 | +€805,432 | +2,794% |
| Recurring financial income | 75 | €28,824 | €72,849 | +€44,025 | +153% |
| Non-recurring financial income | 76B | - | €761,407 | +€761,407 | |
| Financial charges | 65/66B | €276 | €80 | -€196 | -71.0% |
| Recurring financial charges | 65 | €276 | €80 | -€196 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €250,034 | €9,843,337 | +€9.6m | +3,837% |
| Income taxes | 67/77 | €75,676 | €3,132,959 | +€3.1m | +4,040% |
| Profit (loss) for the period | 9904 | €174,358 | €6,710,378 | +€6.5m | +3,749% |
| Profit (loss) for the period to be appropriated | 9905 | €174,358 | €6,710,378 | +€6.5m | +3,749% |
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 31 October 2026 via checked.be.