RD Projects: 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 Projects
Largest movements
- Tangible fixed assets +€7,529
new in 2025: €7,529
- Receivables within one year +€5,280
up €5,280 (+36.5%), from €14,468 to €19,748
of which Trade receivables: +€6,196
- Stocks and contracts +€709
new in 2025: €709
- Cash +€593
up €593 (+2.5%), from €23,439 to €24,032
mainly Other debts (+€13,250) and Trade debts (+€1,707)
- Other debts +€13,250
up €13,250 (+48.9%), from €27,104 to €40,354
- Trade debts +€1,707
up €1,707 (+75.6%), from €2,257 to €3,964
- Profit (loss) carried forward -€1,064
down €1,064 (-10.8%), from -€9,857 to -€10,921
- Depreciation +€1,520
new in 2025: €1,520
- Gross operating margin -€906
down €906 (-36.7%), from €2,473 to €1,566
- Taxes -€511
down €511 (-72.0%), from €709 to €198
- Other operating charges +€284
up €284 (+48.2%), from €589 to €872
- Financial income -€183
down €183 (-100.0%), from €183 to €0
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 | €38,394 | €52,607 | +€14,213 | +37.0% |
| Fixed assets | 21/28 | - | €7,529 | +€7,529 | |
| Tangible fixed assets | 22/27 | - | €7,529 | +€7,529 | |
| Furniture and vehicles | 24 | - | €7,529 | +€7,529 | |
| Current assets | 29/58 | €38,394 | €45,078 | +€6,683 | +17.4% |
| Stocks and contracts in progress | 3 | - | €709 | +€709 | |
| Stocks | 30/36 | - | €709 | +€709 | |
| Amounts receivable within one year | 40/41 | €14,468 | €19,748 | +€5,280 | +36.5% |
| Trade receivables | 40 | €13,466 | €19,662 | +€6,196 | +46.0% |
| Other amounts receivable | 41 | €1,003 | €87 | -€916 | -91.3% |
| Cash at bank and in hand | 54/58 | €23,439 | €24,032 | +€593 | +2.5% |
| Deferred charges and accrued income | 490/1 | €487 | €589 | +€101 | +20.8% |
| Total equity and liabilities | 10/49 | €38,394 | €52,607 | +€14,213 | +37.0% |
| Equity | 10/15 | €8,743 | €7,679 | -€1,064 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,857 | -€10,921 | -€1,064 | -10.8% |
| Amounts payable | 17/49 | €29,652 | €44,928 | +€15,276 | +51.5% |
| Amounts payable within one year | 42/48 | €29,361 | €44,516 | +€15,155 | +51.6% |
| Trade debts | 44 | €2,257 | €3,964 | +€1,707 | +75.6% |
| Suppliers | 440/4 | €2,257 | €3,964 | +€1,707 | +75.6% |
| Taxes, remuneration and social security | 45 | - | €198 | +€198 | |
| Taxes | 450/3 | - | €198 | +€198 | |
| Other amounts payable | 47/48 | €27,104 | €40,354 | +€13,250 | +48.9% |
| Accrued charges and deferred income | 492/3 | €291 | €412 | +€121 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,520 | +€1,520 | |
| Other operating charges | 640/8 | €589 | €872 | +€284 | +48.2% |
| Gross operating margin | 9900 | €2,473 | €1,566 | -€906 | -36.7% |
| Operating profit (loss) | 9901 | €1,884 | -€826 | -€2,710 | |
| Financial income | 75/76B | €183 | €0 | -€183 | -100.0% |
| Recurring financial income | 75 | €183 | €0 | -€183 | -100.0% |
| Financial charges | 65/66B | €218 | €39 | -€179 | -82.1% |
| Recurring financial charges | 65 | €218 | €39 | -€179 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €1,849 | -€865 | -€2,715 | |
| Income taxes | 67/77 | €709 | €198 | -€511 | -72.0% |
| Profit (loss) for the period | 9904 | €1,141 | -€1,064 | -€2,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,141 | -€1,064 | -€2,204 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.