RD-Invest: what changed
RD-Invest
Largest movements
- Receivables within one year -€458,578
down €458,578 (-98.3%), from €466,528 to €7,950
of which Other amounts receivable: -€466,528
- Cash -€106,905
down €106,905 (-62.2%), from €171,950 to €65,045
mainly Debts after one year (-€359,500) and Current portion of long-term debt (-€130,000)
- Debts after one year -€359,500
down €359,500 (-100%), from €359,500 to €0
- Current portion of long-term debt -€130,000
down €130,000 (-100%), from €130,000 to €0
- Reserves -€83,141
down €83,141 (-8.3%), from €1.0m to €923,949
- Financial income -€601,868
down €601,868 (-99.8%), from €602,997 to €1,129
- Gross operating margin -€47,299
down €47,299 (-61.8%), from €76,591 to €29,292
- Taxes -€12,526
down €12,526 (-64.9%), from €19,302 to €6,776
- Financial charges -€1,778
down €1,778 (-26.0%), from €6,836 to €5,058
- Other operating charges +€1,263
up €1,263 (+272%), from €465 to €1,729
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,536,163 | €965,495 | -€570,669 | -37.1% |
| Fixed assets | 21/28 | €897,685 | €892,500 | -€5,185 | -0.6% |
| Tangible fixed assets | 22/27 | €5,185 | €0 | -€5,185 | -100% |
| Furniture and vehicles | 24 | €5,185 | €0 | -€5,185 | -100% |
| Financial fixed assets | 28 | €892,500 | €892,500 | = | 0.0% |
| Current assets | 29/58 | €638,478 | €72,995 | -€565,483 | -88.6% |
| Amounts receivable within one year | 40/41 | €466,528 | €7,950 | -€458,578 | -98.3% |
| Trade receivables | 40 | - | €7,950 | +€7,950 | |
| Other amounts receivable | 41 | €466,528 | €0 | -€466,528 | -100% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €171,950 | €65,045 | -€106,905 | -62.2% |
| Total equity and liabilities | 10/49 | €1,536,163 | €965,495 | -€570,669 | -37.1% |
| Equity | 10/15 | €1,012,090 | €928,949 | -€83,141 | -8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,007,090 | €923,949 | -€83,141 | -8.3% |
| Distributable reserves | 133 | €1,007,090 | €923,949 | -€83,141 | -8.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €524,074 | €36,546 | -€487,528 | -93.0% |
| Amounts payable after more than one year | 17 | €359,500 | €0 | -€359,500 | -100% |
| Financial debts | 170/4 | €359,500 | €0 | -€359,500 | -100% |
| Amounts payable within one year | 42/48 | €159,919 | €36,206 | -€123,713 | -77.4% |
| Current portion of amounts payable after more than one year | 42 | €130,000 | €0 | -€130,000 | -100% |
| Trade debts | 44 | €1,443 | €9,498 | +€8,054 | +558% |
| Suppliers | 440/4 | €1,443 | €9,498 | +€8,054 | +558% |
| Taxes, remuneration and social security | 45 | €25,654 | €26,285 | +€631 | +2.5% |
| Taxes | 450/3 | €25,654 | €26,285 | +€631 | +2.5% |
| Other amounts payable | 47/48 | €2,822 | €423 | -€2,398 | -85.0% |
| Accrued charges and deferred income | 492/3 | €4,655 | €340 | -€4,315 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €0 | -€312 | -100% |
| Other operating charges | 640/8 | €465 | €1,729 | +€1,263 | +272% |
| Gross operating margin | 9900 | €76,591 | €29,292 | -€47,299 | -61.8% |
| Operating profit (loss) | 9901 | €75,814 | €27,564 | -€48,250 | -63.6% |
| Financial income | 75/76B | €602,997 | €1,129 | -€601,868 | -99.8% |
| Recurring financial income | 75 | €602,997 | €1,129 | -€601,868 | -99.8% |
| Financial charges | 65/66B | €6,836 | €5,058 | -€1,778 | -26.0% |
| Recurring financial charges | 65 | €6,836 | €5,058 | -€1,778 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €671,975 | €23,635 | -€648,339 | -96.5% |
| Income taxes | 67/77 | €19,302 | €6,776 | -€12,526 | -64.9% |
| Profit (loss) for the period | 9904 | €652,673 | €16,859 | -€635,814 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €652,673 | €16,859 | -€635,814 | -97.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.