RD Property: 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 Property
Largest movements
- Tangible fixed assets -€14,835
down €14,835 (-19.5%), from €75,931 to €61,096
of which Furniture and vehicles: -€16,784
- Receivables within one year -€12,355
down €12,355 (-34.8%), from €35,549 to €23,194
of which Trade receivables: -€14,876
- Other debts -€28,852
down €28,852 (-35.2%), from €82,076 to €53,224
- Debts after one year -€13,465
down €13,465 (-43.5%), from €30,918 to €17,453
- Profit (loss) carried forward +€12,132
up €12,132 (+9.0%), from €135,214 to €147,345
- Gross operating margin +€10,383
up €10,383 (+25.9%), from €40,142 to €50,526
- Financial charges +€4,063
up €4,063 (+154%), from €2,641 to €6,705
- Taxes +€865
up €865 (+24.3%), from €3,561 to €4,426
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 | €390,582 | €359,483 | -€31,099 | -8.0% |
| Fixed assets | 21/28 | €83,510 | €64,836 | -€18,674 | -22.4% |
| Intangible fixed assets | 21 | €7,579 | €3,740 | -€3,839 | -50.7% |
| Tangible fixed assets | 22/27 | €75,931 | €61,096 | -€14,835 | -19.5% |
| Furniture and vehicles | 24 | €50,994 | €34,211 | -€16,784 | -32.9% |
| Other tangible fixed assets | 26 | €24,937 | €26,885 | +€1,948 | +7.8% |
| Current assets | 29/58 | €307,072 | €294,647 | -€12,425 | -4.0% |
| Amounts receivable within one year | 40/41 | €35,549 | €23,194 | -€12,355 | -34.8% |
| Trade receivables | 40 | €25,676 | €10,801 | -€14,876 | -57.9% |
| Other amounts receivable | 41 | €9,872 | €12,393 | +€2,521 | +25.5% |
| Cash at bank and in hand | 54/58 | €271,523 | €271,453 | -€70 | 0.0% |
| Total equity and liabilities | 10/49 | €390,582 | €359,483 | -€31,099 | -8.0% |
| Equity | 10/15 | €136,214 | €148,345 | +€12,132 | +8.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,214 | €147,345 | +€12,132 | +9.0% |
| Amounts payable | 17/49 | €254,368 | €211,138 | -€43,230 | -17.0% |
| Amounts payable after more than one year | 17 | €30,918 | €17,453 | -€13,465 | -43.5% |
| Financial debts | 170/4 | €30,918 | €17,453 | -€13,465 | -43.5% |
| Amounts payable within one year | 42/48 | €223,450 | €193,684 | -€29,766 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €133,037 | €133,465 | +€427 | +0.3% |
| Trade debts | 44 | €7,337 | €4,105 | -€3,232 | -44.1% |
| Suppliers | 440/4 | €7,337 | €4,105 | -€3,232 | -44.1% |
| Taxes, remuneration and social security | 45 | €1,000 | €2,891 | +€1,891 | +189% |
| Taxes | 450/3 | €1,000 | €2,891 | +€1,891 | +189% |
| Other amounts payable | 47/48 | €82,076 | €53,224 | -€28,852 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,360 | €26,206 | -€154 | -0.6% |
| Other operating charges | 640/8 | €1,832 | €2,086 | +€254 | +13.9% |
| Gross operating margin | 9900 | €40,142 | €50,526 | +€10,383 | +25.9% |
| Operating profit (loss) | 9901 | €11,950 | €22,233 | +€10,283 | +86.1% |
| Financial income | 75/76B | €1,204 | €1,029 | -€175 | -14.5% |
| Recurring financial income | 75 | €1,204 | €1,029 | -€175 | -14.5% |
| Financial charges | 65/66B | €2,641 | €6,705 | +€4,063 | +154% |
| Recurring financial charges | 65 | €2,641 | €6,705 | +€4,063 | +154% |
| Profit (loss) for the period before taxes | 9903 | €10,513 | €16,558 | +€6,045 | +57.5% |
| Income taxes | 67/77 | €3,561 | €4,426 | +€865 | +24.3% |
| Profit (loss) for the period | 9904 | €6,952 | €12,132 | +€5,180 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,952 | €12,132 | +€5,180 | +74.5% |
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 13 October 2026 via checked.be.