RD CONSULTANCE: 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 CONSULTANCE
Largest movements
- Current investments -€88,945
down €88,945 (-80.9%), from €109,937 to €20,992
- Receivables within one year +€81,465
up €81,465 (+1,000%), from €8,144 to €89,609
of which Trade receivables: +€79,127
- Cash +€67,961
up €67,961 (+136%), from €49,810 to €117,772
mainly Current investments (+€88,945) and Trade debts (+€81,460)
- Tangible fixed assets +€35,195
up €35,195 (+164%), from €21,422 to €56,617
- Trade debts +€81,460
up €81,460 (+6,344%), from €1,284 to €82,744
- Debts after one year +€27,370
new in 2025: €27,370
- Other debts -€24,503
down €24,503 (-15.6%), from €156,937 to €132,434
- Current portion of long-term debt +€19,784
new in 2025: €19,784
- Tax, wage and social debts -€8,061
down €8,061 (-97.6%), from €8,260 to €199
- Gross operating margin -€26,469
down €26,469 (-39.7%), from €66,737 to €40,268
- Other operating charges +€10,825
new in 2025: €10,825
- Financial income +€8,500
up €8,500 (+4,234%), from €201 to €8,700
- Taxes -€6,909
down €6,909 (-57.4%), from €12,046 to €5,137
- Depreciation -€1,549
down €1,549 (-12.5%), from €12,352 to €10,802
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 | €190,702 | €285,747 | +€95,045 | +49.8% |
| Fixed assets | 21/28 | €21,422 | €56,617 | +€35,195 | +164% |
| Tangible fixed assets | 22/27 | €21,422 | €56,617 | +€35,195 | +164% |
| Furniture and vehicles | 24 | €21,422 | €56,617 | +€35,195 | +164% |
| Current assets | 29/58 | €169,281 | €229,130 | +€59,850 | +35.4% |
| Amounts receivable within one year | 40/41 | €8,144 | €89,609 | +€81,465 | +1,000% |
| Trade receivables | 40 | €6,970 | €86,097 | +€79,127 | +1,135% |
| Other amounts receivable | 41 | €1,174 | €3,512 | +€2,338 | +199% |
| Current investments | 50/53 | €109,937 | €20,992 | -€88,945 | -80.9% |
| Cash at bank and in hand | 54/58 | €49,810 | €117,772 | +€67,961 | +136% |
| Deferred charges and accrued income | 490/1 | €1,389 | €758 | -€631 | -45.4% |
| Total equity and liabilities | 10/49 | €190,702 | €285,747 | +€95,045 | +49.8% |
| Equity | 10/15 | €23,066 | €23,000 | -€66 | -0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,066 | €20,000 | -€66 | -0.3% |
| Amounts payable | 17/49 | €167,636 | €262,747 | +€95,111 | +56.7% |
| Amounts payable after more than one year | 17 | - | €27,370 | +€27,370 | |
| Financial debts | 170/4 | - | €27,370 | +€27,370 | |
| Amounts payable within one year | 42/48 | €167,636 | €235,378 | +€67,741 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | - | €19,784 | +€19,784 | |
| Financial debts | 43 | €1,155 | €216 | -€939 | -81.3% |
| Credit institutions | 430/8 | €1,155 | €216 | -€939 | -81.3% |
| Trade debts | 44 | €1,284 | €82,744 | +€81,460 | +6,344% |
| Suppliers | 440/4 | €1,284 | €82,744 | +€81,460 | +6,344% |
| Taxes, remuneration and social security | 45 | €8,260 | €199 | -€8,061 | -97.6% |
| Taxes | 450/3 | €8,260 | €199 | -€8,061 | -97.6% |
| Other amounts payable | 47/48 | €156,937 | €132,434 | -€24,503 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,352 | €10,802 | -€1,549 | -12.5% |
| Other operating charges | 640/8 | - | €10,825 | +€10,825 | |
| Gross operating margin | 9900 | €66,737 | €40,268 | -€26,469 | -39.7% |
| Operating profit (loss) | 9901 | €54,385 | €18,641 | -€35,744 | -65.7% |
| Financial income | 75/76B | €201 | €8,700 | +€8,500 | +4,234% |
| Recurring financial income | 75 | €201 | €8,700 | +€8,500 | +4,234% |
| Financial charges | 65/66B | €288 | €1,541 | +€1,253 | +434% |
| Recurring financial charges | 65 | €288 | €1,541 | +€1,253 | +434% |
| Profit (loss) for the period before taxes | 9903 | €54,297 | €25,800 | -€28,497 | -52.5% |
| Income taxes | 67/77 | €12,046 | €5,137 | -€6,909 | -57.4% |
| Profit (loss) for the period | 9904 | €42,252 | €20,664 | -€21,588 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,252 | €20,664 | -€21,588 | -51.1% |
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 16 October 2026 via checked.be.