RD DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets +€36,738
up €36,738 (+180%), from €20,455 to €57,194
of which Leasing and similar rights: +€40,273
- Cash +€10,566
up €10,566 (+21.8%), from €48,390 to €58,956
mainly Net result for the year (+€34,949) and Debts after one year (+€17,927)
- Debts after one year +€17,927
up €17,927 (+76.4%), from €23,473 to €41,400
- Current portion of long-term debt +€14,342
up €14,342 (+145%), from €9,869 to €24,211
- Reserves +€13,700
up €13,700 (+16.9%), from €80,850 to €94,550
- Gross operating margin +€3,732
up €3,732 (+6.6%), from €56,939 to €60,671
- Financial charges -€1,691
down €1,691 (-22.4%), from €7,558 to €5,867
- Taxes +€1,369
up €1,369 (+8.0%), from €17,047 to €18,415
- Other operating charges -€1,095
down €1,095 (-41.9%), from €2,612 to €1,517
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 | €151,232 | €196,223 | +€44,991 | +29.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €20,729 | €57,467 | +€36,738 | +177% |
| Tangible fixed assets | 22/27 | €20,455 | €57,194 | +€36,738 | +180% |
| Plant, machinery and equipment | 23 | €2,337 | €1,227 | -€1,109 | -47.5% |
| Furniture and vehicles | 24 | €1,825 | €1,143 | -€682 | -37.4% |
| Leasing and similar rights | 25 | €14,041 | €54,313 | +€40,273 | +287% |
| Other tangible fixed assets | 26 | €2,253 | €510 | -€1,743 | -77.4% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €130,503 | €138,756 | +€8,253 | +6.3% |
| Stocks and contracts in progress | 3 | €3,794 | €3,531 | -€262 | -6.9% |
| Stocks | 30/36 | €3,794 | €3,531 | -€262 | -6.9% |
| Amounts receivable within one year | 40/41 | €76,945 | €75,305 | -€1,640 | -2.1% |
| Trade receivables | 40 | €45,430 | €55,704 | +€10,274 | +22.6% |
| Other amounts receivable | 41 | €31,515 | €19,601 | -€11,914 | -37.8% |
| Cash at bank and in hand | 54/58 | €48,390 | €58,956 | +€10,566 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,375 | €964 | -€411 | -29.9% |
| Total equity and liabilities | 10/49 | €151,232 | €196,223 | +€44,991 | +29.7% |
| Equity | 10/15 | €97,957 | €111,706 | +€13,749 | +14.0% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €80,850 | €94,550 | +€13,700 | +16.9% |
| Distributable reserves | 133 | €80,850 | €94,550 | +€13,700 | +16.9% |
| Profit (loss) carried forward | 14 | €107 | €156 | +€49 | +45.8% |
| Amounts payable | 17/49 | €53,275 | €84,517 | +€31,242 | +58.6% |
| Amounts payable after more than one year | 17 | €23,473 | €41,400 | +€17,927 | +76.4% |
| Financial debts | 170/4 | €23,473 | €41,400 | +€17,927 | +76.4% |
| Amounts payable within one year | 42/48 | €29,592 | €43,117 | +€13,526 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €9,869 | €24,211 | +€14,342 | +145% |
| Trade debts | 44 | €10,018 | €9,369 | -€650 | -6.5% |
| Suppliers | 440/4 | €10,018 | €9,369 | -€650 | -6.5% |
| Taxes, remuneration and social security | 45 | €9,704 | €9,538 | -€166 | -1.7% |
| Taxes | 450/3 | €8,016 | €7,843 | -€174 | -2.2% |
| Remuneration and social security | 454/9 | €1,688 | €1,695 | +€7 | +0.4% |
| Accrued charges and deferred income | 492/3 | €211 | - | -€211 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,851 | €11,262 | +€410 | +3.8% |
| Other operating charges | 640/8 | €2,612 | €1,517 | -€1,095 | -41.9% |
| Gross operating margin | 9900 | €56,939 | €60,671 | +€3,732 | +6.6% |
| Operating profit (loss) | 9901 | €43,477 | €47,893 | +€4,417 | +10.2% |
| Financial income | 75/76B | €11,471 | €11,338 | -€132 | -1.2% |
| Recurring financial income | 75 | €11,471 | €11,338 | -€132 | -1.2% |
| Financial charges | 65/66B | €7,558 | €5,867 | -€1,691 | -22.4% |
| Recurring financial charges | 65 | €7,558 | €5,867 | -€1,691 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €47,389 | €53,364 | +€5,975 | +12.6% |
| Income taxes | 67/77 | €17,047 | €18,415 | +€1,369 | +8.0% |
| Profit (loss) for the period | 9904 | €30,343 | €34,949 | +€4,606 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,343 | €34,949 | +€4,606 | +15.2% |
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 15 October 2026 via checked.be.