RD Finance: 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 Finance
Largest movements
- Current investments +€48,979
up €48,979 (+8.7%), from €564,516 to €613,496
- Cash +€33,267
up €33,267 (+33.6%), from €99,011 to €132,278
mainly Net result for the year (+€74,042) and Depreciation (+€10,582)
- Tangible fixed assets -€10,582
down €10,582 (-21.5%), from €49,167 to €38,585
of which Furniture and vehicles: -€10,367
- Reserves +€74,042
up €74,042 (+11.0%), from €670,129 to €744,171
- Gross operating margin +€9,382
up €9,382 (+9.9%), from €94,634 to €104,016
- Depreciation +€6,450
up €6,450 (+156%), from €4,132 to €10,582
- Taxes +€1,281
up €1,281 (+4.8%), from €26,596 to €27,878
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 | €739,017 | €814,589 | +€75,572 | +10.2% |
| Fixed assets | 21/28 | €49,167 | €38,585 | -€10,582 | -21.5% |
| Tangible fixed assets | 22/27 | €49,167 | €38,585 | -€10,582 | -21.5% |
| Plant, machinery and equipment | 23 | €2,053 | €1,838 | -€215 | -10.5% |
| Furniture and vehicles | 24 | €47,114 | €36,747 | -€10,367 | -22.0% |
| Current assets | 29/58 | €689,850 | €776,004 | +€86,154 | +12.5% |
| Amounts receivable within one year | 40/41 | €17,408 | €18,900 | +€1,492 | +8.6% |
| Trade receivables | 40 | €17,406 | €18,900 | +€1,494 | +8.6% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Current investments | 50/53 | €564,516 | €613,496 | +€48,979 | +8.7% |
| Cash at bank and in hand | 54/58 | €99,011 | €132,278 | +€33,267 | +33.6% |
| Deferred charges and accrued income | 490/1 | €8,914 | €11,330 | +€2,416 | +27.1% |
| Total equity and liabilities | 10/49 | €739,017 | €814,589 | +€75,572 | +10.2% |
| Equity | 10/15 | €709,501 | €783,542 | +€74,042 | +10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €670,129 | €744,171 | +€74,042 | +11.0% |
| Distributable reserves | 133 | €670,129 | €744,171 | +€74,042 | +11.0% |
| Profit (loss) carried forward | 14 | €26,972 | €26,972 | = | 0.0% |
| Amounts payable | 17/49 | €29,516 | €31,047 | +€1,531 | +5.2% |
| Amounts payable within one year | 42/48 | €29,516 | €31,047 | +€1,531 | +5.2% |
| Trade debts | 44 | €2,360 | €289 | -€2,071 | -87.7% |
| Suppliers | 440/4 | €2,360 | €289 | -€2,071 | -87.7% |
| Taxes, remuneration and social security | 45 | €27,156 | €30,757 | +€3,601 | +13.3% |
| Taxes | 450/3 | €27,156 | €30,214 | +€3,058 | +11.3% |
| Remuneration and social security | 454/9 | - | €543 | +€543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €10,582 | +€6,450 | +156% |
| Other operating charges | 640/8 | €661 | €778 | +€117 | +17.6% |
| Gross operating margin | 9900 | €94,634 | €104,016 | +€9,382 | +9.9% |
| Operating profit (loss) | 9901 | €89,840 | €92,656 | +€2,816 | +3.1% |
| Financial income | 75/76B | €9,388 | €10,160 | +€772 | +8.2% |
| Recurring financial income | 75 | €9,388 | €10,160 | +€772 | +8.2% |
| Financial charges | 65/66B | €653 | €897 | +€244 | +37.3% |
| Recurring financial charges | 65 | €653 | €897 | +€244 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €98,576 | €101,919 | +€3,344 | +3.4% |
| Income taxes | 67/77 | €26,596 | €27,878 | +€1,281 | +4.8% |
| Profit (loss) for the period | 9904 | €71,980 | €74,042 | +€2,062 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,980 | €74,042 | +€2,062 | +2.9% |
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 21 October 2026 via checked.be.