RD: what changed
Two fiscal 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.
RD
Largest movements
- Cash -€7,618
down €7,618 (-13.8%), from €55,193 to €47,574
mainly Trade debts (-€33,091) and Deferred charges and accrued income (-€1,140)
- Receivables within one year -€3,634
down €3,634 (-6.1%), from €59,894 to €56,261
of which Other amounts receivable: -€7,242
- Trade debts -€33,091
down €33,091 (-36.1%), from €91,657 to €58,566
- Tax, wage and social debts +€12,012
up €12,012, from €0 to €12,012
- Profit (loss) carried forward +€11,475
up €11,475 (+62.6%), from €18,334 to €29,809
- Gross operating margin +€6,391
up €6,391 (+52.4%), from €12,197 to €18,587
- Taxes +€3,362
up €3,362 (+310.5%), from €1,083 to €4,445
- Other operating charges +€557
up €557 (+205.4%), from €271 to €828
- Financial charges -€544
down €544 (-21.1%), from €2,573 to €2,029
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,087 | €105,565 | -€9,522 | -8.3% |
| Fixed assets | 21/28 | - | €589 | +€589 | |
| Tangible fixed assets | 22/27 | - | €589 | +€589 | |
| Plant, machinery and equipment | 23 | - | €589 | +€589 | |
| Current assets | 29/58 | €115,087 | €104,975 | -€10,112 | -8.8% |
| Amounts receivable within one year | 40/41 | €59,894 | €56,261 | -€3,634 | -6.1% |
| Trade receivables | 40 | €51,595 | €55,203 | +€3,608 | +7.0% |
| Other amounts receivable | 41 | €8,299 | €1,058 | -€7,242 | -87.3% |
| Cash at bank and in hand | 54/58 | €55,193 | €47,574 | -€7,618 | -13.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,140 | +€1,140 | |
| Total equity and liabilities | 10/49 | €115,087 | €105,565 | -€9,522 | -8.3% |
| Equity | 10/15 | €23,334 | €34,809 | +€11,475 | +49.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,334 | €29,809 | +€11,475 | +62.6% |
| Amounts payable | 17/49 | €91,753 | €70,755 | -€20,998 | -22.9% |
| Amounts payable within one year | 42/48 | €91,753 | €70,755 | -€20,998 | -22.9% |
| Trade debts | 44 | €91,657 | €58,566 | -€33,091 | -36.1% |
| Suppliers | 440/4 | €91,657 | €58,566 | -€33,091 | -36.1% |
| Taxes, remuneration and social security | 45 | €0 | €12,012 | +€12,012 | |
| Taxes | 450/3 | €0 | €12,012 | +€12,012 | |
| Other amounts payable | 47/48 | €96 | €178 | +€82 | +85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6 | +€6 | |
| Other operating charges | 640/8 | €271 | €828 | +€557 | +205.4% |
| Gross operating margin | 9900 | €12,197 | €18,587 | +€6,391 | +52.4% |
| Operating profit (loss) | 9901 | €11,926 | €17,754 | +€5,828 | +48.9% |
| Financial income | 75/76B | €256 | €196 | -€61 | -23.6% |
| Recurring financial income | 75 | €256 | €196 | -€61 | -23.6% |
| Financial charges | 65/66B | €2,573 | €2,029 | -€544 | -21.1% |
| Recurring financial charges | 65 | €2,573 | €2,029 | -€544 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €9,608 | €15,920 | +€6,312 | +65.7% |
| Income taxes | 67/77 | €1,083 | €4,445 | +€3,362 | +310.5% |
| Profit (loss) for the period | 9904 | €8,526 | €11,475 | +€2,950 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,526 | €11,475 | +€2,950 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.