RD PAT: what changed
Two fiscal 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 PAT
Largest movements
- Tangible fixed assets -€28,655
down €28,655 (-2.8%), from €1.0m to €1.0m
of which Land and buildings: -€23,274
- Reserves +€124,000
up €124,000 (+37.3%), from €332,000 to €456,000
of which Distributable reserves: +€124,000
- Other debts -€116,959
down €116,959 (-39.6%), from €295,065 to €178,106
- Debts after one year -€32,906
down €32,906 (-10.1%), from €324,359 to €291,453
- Taxes -€5,329
down €5,329 (-8.9%), from €60,087 to €54,757
- Depreciation -€2,310
down €2,310 (-7.3%), from €31,664 to €29,354
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.
Cash bridge derived
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 | €1,060,535 | €1,031,040 | -€29,495 | -2.8% |
| Fixed assets | 21/28 | €1,036,445 | €1,007,790 | -€28,655 | -2.8% |
| Tangible fixed assets | 22/27 | €1,036,050 | €1,007,395 | -€28,655 | -2.8% |
| Land and buildings | 22 | €985,705 | €962,431 | -€23,274 | -2.4% |
| Plant, machinery and equipment | 23 | €48,305 | €44,318 | -€3,988 | -8.3% |
| Furniture and vehicles | 24 | €2,039 | €646 | -€1,393 | -68.3% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €24,090 | €23,250 | -€840 | -3.5% |
| Amounts receivable within one year | 40/41 | €23,083 | €19,809 | -€3,274 | -14.2% |
| Trade receivables | 40 | €23,083 | €19,809 | -€3,274 | -14.2% |
| Other amounts receivable | 41 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,007 | €3,440 | +€2,433 | +241.6% |
| Total equity and liabilities | 10/49 | €1,060,535 | €1,031,040 | -€29,495 | -2.8% |
| Equity | 10/15 | €374,438 | €498,601 | +€124,163 | +33.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €332,000 | €456,000 | +€124,000 | +37.3% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €328,000 | €452,000 | +€124,000 | +37.8% |
| Profit (loss) carried forward | 14 | €2,438 | €2,601 | +€163 | +6.7% |
| Amounts payable | 17/49 | €686,097 | €532,439 | -€153,658 | -22.4% |
| Amounts payable after more than one year | 17 | €324,359 | €291,453 | -€32,906 | -10.1% |
| Financial debts | 170/4 | €324,359 | €291,453 | -€32,906 | -10.1% |
| Amounts payable within one year | 42/48 | €361,738 | €240,986 | -€120,752 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €32,288 | €32,906 | +€618 | +1.9% |
| Trade debts | 44 | €1,019 | €1,770 | +€751 | +73.7% |
| Suppliers | 440/4 | €1,019 | €1,770 | +€751 | +73.7% |
| Taxes, remuneration and social security | 45 | €33,366 | €28,204 | -€5,162 | -15.5% |
| Taxes | 450/3 | €33,366 | €28,204 | -€5,162 | -15.5% |
| Other amounts payable | 47/48 | €295,065 | €178,106 | -€116,959 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,664 | €29,354 | -€2,310 | -7.3% |
| Other operating charges | 640/8 | €2,900 | €3,147 | +€248 | +8.5% |
| Gross operating margin | 9900 | €221,055 | €222,152 | +€1,097 | +0.5% |
| Operating profit (loss) | 9901 | €186,491 | €189,651 | +€3,160 | +1.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €12,023 | €10,731 | -€1,292 | -10.7% |
| Recurring financial charges | 65 | €12,023 | €10,731 | -€1,292 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €174,469 | €178,920 | +€4,451 | +2.6% |
| Income taxes | 67/77 | €60,087 | €54,757 | -€5,329 | -8.9% |
| Profit (loss) for the period | 9904 | €114,382 | €124,163 | +€9,780 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,382 | €124,163 | +€9,780 | +8.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.