RD Retail: 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 Retail
Largest movements
- Financial fixed assets +€31.3m
up €31.3m (+702.4%), from €4.5m to €35.8m
- Contributions +€31.3m
up €31.3m (+15659.3%), from €200,000 to €31.5m
- Financial charges +€5,573
up €5,573 (+4.9%), from €113,902 to €119,475
of which Non-recurring financial charges: +€7,995
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 | €4,578,538 | €35,984,337 | +€31.4m | +685.9% |
| Fixed assets | 21/28 | €4,458,949 | €35,777,639 | +€31.3m | +702.4% |
| Financial fixed assets | 28 | €4,458,949 | €35,777,639 | +€31.3m | +702.4% |
| Current assets | 29/58 | €119,589 | €206,697 | +€87,108 | +72.8% |
| Amounts receivable within one year | 40/41 | €98,238 | €183,109 | +€84,871 | +86.4% |
| Trade receivables | 40 | - | €89 | +€89 | |
| Other amounts receivable | 41 | €98,238 | €183,020 | +€84,781 | +86.3% |
| Cash at bank and in hand | 54/58 | €21,351 | €23,588 | +€2,238 | +10.5% |
| Total equity and liabilities | 10/49 | €4,578,538 | €35,984,337 | +€31.4m | +685.9% |
| Equity | 10/15 | €1,604,823 | €32,919,124 | +€31.3m | +1951.3% |
| Contributions | 10/11 | €200,000 | €31,518,691 | +€31.3m | +15659.3% |
| Reserves | 13 | €1,400,000 | €1,400,000 | = | 0.0% |
| Distributable reserves | 133 | €1,400,000 | €1,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,823 | €433 | -€4,390 | -91.0% |
| Amounts payable | 17/49 | €2,973,715 | €3,065,213 | +€91,498 | +3.1% |
| Amounts payable after more than one year | 17 | €58,334 | - | -€58,334 | |
| Financial debts | 170/4 | €58,334 | - | -€58,334 | |
| Amounts payable within one year | 42/48 | €2,915,381 | €3,065,213 | +€149,832 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €58,334 | -€41,666 | -41.7% |
| Trade debts | 44 | €994 | €1,100 | +€106 | +10.7% |
| Suppliers | 440/4 | €994 | €1,100 | +€106 | +10.7% |
| Taxes, remuneration and social security | 45 | €33,169 | €32,868 | -€301 | -0.9% |
| Taxes | 450/3 | €33,169 | €32,868 | -€301 | -0.9% |
| Other amounts payable | 47/48 | €2,781,219 | €2,972,911 | +€191,693 | +6.9% |
| Other operating charges | 640/8 | €968 | €2,003 | +€1,035 | +107.0% |
| Gross operating margin | 9900 | €115,989 | €117,088 | +€1,098 | +0.9% |
| Operating profit (loss) | 9901 | €115,022 | €115,085 | +€63 | +0.1% |
| Financial charges | 65/66B | €113,902 | €119,475 | +€5,573 | +4.9% |
| Recurring financial charges | 65 | €113,902 | €111,480 | -€2,422 | -2.1% |
| Non-recurring financial charges | 66B | - | €7,995 | +€7,995 | |
| Profit (loss) for the period before taxes | 9903 | €1,120 | -€4,390 | -€5,509 | |
| Profit (loss) for the period | 9904 | €1,120 | -€4,390 | -€5,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,120 | -€4,390 | -€5,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.