RD Center: 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 Center
Largest movements
- Tangible fixed assets -€48,979
down €48,979 (-6.2%), from €788,255 to €739,275
of which Land and buildings: -€33,777
- Cash +€40,447
up €40,447 (+165%), from €24,578 to €65,025
mainly Depreciation (+€70,275) and Trade debts (+€42,753)
- Receivables within one year +€39,073
up €39,073 (+122%), from €31,912 to €70,986
of which Other amounts receivable: +€26,808
- Stocks and contracts +€26,624
up €26,624 (+21.0%), from €126,820 to €153,444
- Debts after one year -€45,002
down €45,002 (-6.5%), from €688,151 to €643,150
of which Financial debts: -€45,002
- Trade debts +€42,753
up €42,753 (+3,368%), from €1,269 to €44,023
- Other debts +€41,098
up €41,098 (+134%), from €30,598 to €71,697
- Tax, wage and social debts +€15,520
up €15,520 (+2,030%), from €765 to €16,284
- Gross operating margin -€27,541
down €27,541 (-21.4%), from €128,583 to €101,042
- Taxes -€7,621
down €7,621 (-91.3%), from €8,344 to €723
- Other operating charges +€6,961
up €6,961 (+563%), from €1,237 to €8,198
- Write-downs -€1,434
down €1,434 (-100%), from €1,434 to €0
- Depreciation +€1,321
up €1,321 (+1.9%), from €68,954 to €70,275
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 | €973,736 | €1,035,502 | +€61,766 | +6.3% |
| Fixed assets | 21/28 | €788,755 | €742,274 | -€46,481 | -5.9% |
| Intangible fixed assets | 21 | - | €2,499 | +€2,499 | |
| Tangible fixed assets | 22/27 | €788,255 | €739,275 | -€48,979 | -6.2% |
| Land and buildings | 22 | €714,325 | €680,549 | -€33,777 | -4.7% |
| Plant, machinery and equipment | 23 | €60,834 | €51,497 | -€9,337 | -15.3% |
| Furniture and vehicles | 24 | €13,095 | €7,230 | -€5,865 | -44.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €184,981 | €293,228 | +€108,247 | +58.5% |
| Stocks and contracts in progress | 3 | €126,820 | €153,444 | +€26,624 | +21.0% |
| Stocks | 30/36 | €126,820 | €153,444 | +€26,624 | +21.0% |
| Amounts receivable within one year | 40/41 | €31,912 | €70,986 | +€39,073 | +122% |
| Trade receivables | 40 | €30,256 | €42,522 | +€12,265 | +40.5% |
| Other amounts receivable | 41 | €1,656 | €28,464 | +€26,808 | +1,619% |
| Cash at bank and in hand | 54/58 | €24,578 | €65,025 | +€40,447 | +165% |
| Deferred charges and accrued income | 490/1 | €1,671 | €3,774 | +€2,103 | +126% |
| Total equity and liabilities | 10/49 | €973,736 | €1,035,502 | +€61,766 | +6.3% |
| Equity | 10/15 | €205,062 | €212,179 | +€7,117 | +3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,062 | €207,179 | +€7,117 | +3.6% |
| Distributable reserves | 133 | €200,062 | €207,179 | +€7,117 | +3.6% |
| Amounts payable | 17/49 | €768,674 | €823,322 | +€54,649 | +7.1% |
| Amounts payable after more than one year | 17 | €688,151 | €643,150 | -€45,002 | -6.5% |
| Financial debts | 170/4 | €491,775 | €446,773 | -€45,002 | -9.2% |
| Other amounts payable | 178/9 | €196,376 | €196,376 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,747 | €177,005 | +€100,259 | +131% |
| Current portion of amounts payable after more than one year | 42 | €44,114 | €45,002 | +€888 | +2.0% |
| Trade debts | 44 | €1,269 | €44,023 | +€42,753 | +3,368% |
| Suppliers | 440/4 | €1,269 | €44,023 | +€42,753 | +3,368% |
| Taxes, remuneration and social security | 45 | €765 | €16,284 | +€15,520 | +2,030% |
| Taxes | 450/3 | €765 | €16,284 | +€15,520 | +2,030% |
| Other amounts payable | 47/48 | €30,598 | €71,697 | +€41,098 | +134% |
| Accrued charges and deferred income | 492/3 | €3,776 | €3,167 | -€608 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,954 | €70,275 | +€1,321 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,434 | €0 | -€1,434 | -100% |
| Other operating charges | 640/8 | €1,237 | €8,198 | +€6,961 | +563% |
| Gross operating margin | 9900 | €128,583 | €101,042 | -€27,541 | -21.4% |
| Operating profit (loss) | 9901 | €56,958 | €22,569 | -€34,389 | -60.4% |
| Financial income | 75/76B | €0 | €293 | +€293 | +162,594% |
| Recurring financial income | 75 | €0 | €293 | +€293 | +162,594% |
| Financial charges | 65/66B | €15,547 | €15,022 | -€525 | -3.4% |
| Recurring financial charges | 65 | €15,547 | €15,022 | -€525 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €41,411 | €7,840 | -€33,571 | -81.1% |
| Income taxes | 67/77 | €8,344 | €723 | -€7,621 | -91.3% |
| Profit (loss) for the period | 9904 | €33,067 | €7,117 | -€25,950 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,067 | €7,117 | -€25,950 | -78.5% |
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 14 October 2026 via checked.be.