RD Building: 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.
RD Building
Largest movements
- Receivables within one year +€16,690
up €16,690 (+85.4%), from €19,535 to €36,225
of which Trade receivables: +€13,323
- Cash -€12,944
down €12,944 (-70.5%), from €18,351 to €5,407
mainly Receivables within one year (-€16,690) and Debts after one year (-€3,472)
- Tangible fixed assets -€2,670
down €2,670 (-30.0%), from €8,910 to €6,240
of which Leasing and similar rights: -€4,418
- Stocks and contracts -€2,243
down €2,243 (-100.0%), from €2,243 to €0
- Trade debts +€5,952
up €5,952 (+82.2%), from €7,244 to €13,195
- Debts after one year -€3,472
no longer reported in 2025 (was €3,472)
- Profit (loss) carried forward -€1,884
new in 2025: -€1,884
- Current portion of long-term debt -€1,068
down €1,068 (-23.5%), from €4,541 to €3,472
- Tax, wage and social debts -€770
down €770 (-6.7%), from €11,418 to €10,648
of which Taxes: -€1,870
- Gross operating margin -€9,587
down €9,587 (-71.1%), from €13,485 to €3,898
- Taxes -€2,083
down €2,083 (-100.0%), from €2,083 to €0
- Depreciation +€467
up €467 (+10.4%), from €4,478 to €4,944
- Other operating charges -€358
down €358 (-36.3%), from €985 to €627
- Financial income +€151
up €151, from €0 to €151
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 | €52,028 | €50,785 | -€1,243 | -2.4% |
| Fixed assets | 21/28 | €8,910 | €6,240 | -€2,670 | -30.0% |
| Tangible fixed assets | 22/27 | €8,910 | €6,240 | -€2,670 | -30.0% |
| Plant, machinery and equipment | 23 | €957 | €1,407 | +€450 | +47.0% |
| Furniture and vehicles | 24 | - | €1,299 | +€1,299 | |
| Leasing and similar rights | 25 | €7,953 | €3,535 | -€4,418 | -55.6% |
| Current assets | 29/58 | €43,119 | €44,546 | +€1,427 | +3.3% |
| Stocks and contracts in progress | 3 | €2,243 | €0 | -€2,243 | -100.0% |
| Stocks | 30/36 | €2,243 | €0 | -€2,243 | -100.0% |
| Amounts receivable within one year | 40/41 | €19,535 | €36,225 | +€16,690 | +85.4% |
| Trade receivables | 40 | €17,406 | €30,729 | +€13,323 | +76.5% |
| Other amounts receivable | 41 | €2,129 | €5,496 | +€3,367 | +158.1% |
| Cash at bank and in hand | 54/58 | €18,351 | €5,407 | -€12,944 | -70.5% |
| Deferred charges and accrued income | 490/1 | €2,991 | €2,914 | -€77 | -2.6% |
| Total equity and liabilities | 10/49 | €52,028 | €50,785 | -€1,243 | -2.4% |
| Equity | 10/15 | €25,354 | €23,470 | -€1,884 | -7.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,854 | €22,854 | = | 0.0% |
| Distributable reserves | 133 | €22,854 | €22,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,884 | -€1,884 | |
| Amounts payable | 17/49 | €26,675 | €27,316 | +€641 | +2.4% |
| Amounts payable after more than one year | 17 | €3,472 | - | -€3,472 | |
| Financial debts | 170/4 | €3,472 | - | -€3,472 | |
| Amounts payable within one year | 42/48 | €23,202 | €27,316 | +€4,113 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €4,541 | €3,472 | -€1,068 | -23.5% |
| Trade debts | 44 | €7,244 | €13,195 | +€5,952 | +82.2% |
| Suppliers | 440/4 | €7,244 | €13,195 | +€5,952 | +82.2% |
| Taxes, remuneration and social security | 45 | €11,418 | €10,648 | -€770 | -6.7% |
| Taxes | 450/3 | €2,518 | €648 | -€1,870 | -74.3% |
| Remuneration and social security | 454/9 | €8,900 | €10,000 | +€1,100 | +12.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,478 | €4,944 | +€467 | +10.4% |
| Other operating charges | 640/8 | €985 | €627 | -€358 | -36.3% |
| Gross operating margin | 9900 | €13,485 | €3,898 | -€9,587 | -71.1% |
| Operating profit (loss) | 9901 | €8,022 | -€1,673 | -€9,696 | |
| Financial income | 75/76B | €0 | €151 | +€151 | |
| Recurring financial income | 75 | €0 | €151 | +€151 | |
| Financial charges | 65/66B | €440 | €362 | -€78 | -17.7% |
| Recurring financial charges | 65 | €440 | €362 | -€78 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €7,583 | -€1,884 | -€9,467 | |
| Income taxes | 67/77 | €2,083 | €0 | -€2,083 | -100.0% |
| Profit (loss) for the period | 9904 | €5,500 | -€1,884 | -€7,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,500 | -€1,884 | -€7,384 |
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 9 October 2026 via checked.be.