RBD: 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.
RBD
Largest movements
- Cash +€62,944
up €62,944 (+25.0%), from €251,786 to €314,730
mainly Net result for the year (+€94,176) and Trade debts (+€1,365)
- Receivables within one year +€9,824
up €9,824 (+62.7%), from €15,678 to €25,502
of which Trade receivables: +€9,824
- Reserves +€94,176
up €94,176 (+44.8%), from €210,291 to €304,467
- Tax, wage and social debts -€23,088
down €23,088 (-41.1%), from €56,139 to €33,051
of which Taxes: -€20,288
- Gross operating margin +€13,383
up €13,383 (+12.5%), from €107,108 to €120,491
- Taxes +€3,610
up €3,610 (+16.2%), from €22,338 to €25,948
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 | €270,874 | €344,547 | +€73,673 | +27.2% |
| Fixed assets | 21/28 | €2,498 | €3,349 | +€851 | +34.1% |
| Tangible fixed assets | 22/27 | €2,498 | €3,349 | +€851 | +34.1% |
| Plant, machinery and equipment | 23 | €1,599 | €2,965 | +€1,366 | +85.4% |
| Furniture and vehicles | 24 | €899 | €384 | -€515 | -57.3% |
| Current assets | 29/58 | €268,376 | €341,198 | +€72,822 | +27.1% |
| Amounts receivable within one year | 40/41 | €15,678 | €25,502 | +€9,824 | +62.7% |
| Trade receivables | 40 | €15,678 | €25,502 | +€9,824 | +62.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €251,786 | €314,730 | +€62,944 | +25.0% |
| Deferred charges and accrued income | 490/1 | €912 | €966 | +€54 | +5.9% |
| Total equity and liabilities | 10/49 | €270,874 | €344,547 | +€73,673 | +27.2% |
| Equity | 10/15 | €212,791 | €306,967 | +€94,176 | +44.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €210,291 | €304,467 | +€94,176 | +44.8% |
| Distributable reserves | 133 | €210,291 | €304,467 | +€94,176 | +44.8% |
| Amounts payable | 17/49 | €58,083 | €37,579 | -€20,504 | -35.3% |
| Amounts payable within one year | 42/48 | €58,083 | €37,469 | -€20,614 | -35.5% |
| Trade debts | 44 | €225 | €1,589 | +€1,365 | +607% |
| Suppliers | 440/4 | €225 | €1,589 | +€1,365 | +607% |
| Taxes, remuneration and social security | 45 | €56,139 | €33,051 | -€23,088 | -41.1% |
| Taxes | 450/3 | €53,339 | €33,051 | -€20,288 | -38.0% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100% |
| Other amounts payable | 47/48 | €1,719 | €2,828 | +€1,109 | +64.5% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €962 | €1,343 | +€381 | +39.6% |
| Other operating charges | 640/8 | €669 | €686 | +€18 | +2.6% |
| Non-recurring operating charges | 66A | €1,702 | €0 | -€1,702 | -100% |
| Gross operating margin | 9900 | €107,108 | €120,491 | +€13,383 | +12.5% |
| Operating profit (loss) | 9901 | €103,776 | €118,462 | +€14,687 | +14.2% |
| Financial income | 75/76B | €1,470 | €2,113 | +€643 | +43.7% |
| Recurring financial income | 75 | €1,470 | €2,113 | +€643 | +43.7% |
| Financial charges | 65/66B | €224 | €450 | +€226 | +101% |
| Recurring financial charges | 65 | €224 | €450 | +€226 | +101% |
| Profit (loss) for the period before taxes | 9903 | €105,021 | €120,124 | +€15,103 | +14.4% |
| Income taxes | 67/77 | €22,338 | €25,948 | +€3,610 | +16.2% |
| Profit (loss) for the period | 9904 | €82,683 | €94,176 | +€11,493 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,683 | €94,176 | +€11,493 | +13.9% |
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 27 October 2026 via checked.be.