RD2: what changed
RD2
Largest movements
- Stocks and contracts -€10,640
down €10,640 (-89.0%), from €11,950 to €1,310
- Tangible fixed assets -€8,685
down €8,685 (-86.3%), from €10,068 to €1,383
of which Furniture and vehicles: -€6,463
- Receivables within one year +€1,598
up €1,598 (+12.5%), from €12,762 to €14,360
of which Trade receivables: +€8,990
- Cash +€652
up €652 (+316%), from €206 to €858
mainly Stocks and contracts (+€10,640) and Investment in fixed assets (net) (+€5,736)
- Profit (loss) carried forward -€14,089
down €14,089 (-86.2%), from €16,344 to €2,255
- Other debts -€3,643
down €3,643 (-79.9%), from €4,559 to €916
- Trade debts +€1,170
up €1,170 (+22.1%), from €5,290 to €6,460
- Current portion of long-term debt -€414
no longer reported in 2025 (was €414)
- Gross operating margin -€12,979
down €12,979 (-96.0%), from €13,514 to €535
- Other operating charges +€9,907
up €9,907 (+1,064%), from €931 to €10,838
- Depreciation -€3,614
down €3,614 (-55.1%), from €6,563 to €2,949
- Taxes -€1,598
no longer reported in 2025 (was €1,598)
- Financial income -€383
down €383 (-100.0%), from €383 to €0
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 | €35,257 | €18,184 | -€17,073 | -48.4% |
| Fixed assets | 21/28 | €10,068 | €1,383 | -€8,685 | -86.3% |
| Tangible fixed assets | 22/27 | €10,068 | €1,383 | -€8,685 | -86.3% |
| Plant, machinery and equipment | 23 | €3,360 | €1,137 | -€2,222 | -66.1% |
| Furniture and vehicles | 24 | €6,708 | €245 | -€6,463 | -96.3% |
| Current assets | 29/58 | €25,189 | €16,802 | -€8,388 | -33.3% |
| Stocks and contracts in progress | 3 | €11,950 | €1,310 | -€10,640 | -89.0% |
| Stocks | 30/36 | €11,950 | €1,310 | -€10,640 | -89.0% |
| Amounts receivable within one year | 40/41 | €12,762 | €14,360 | +€1,598 | +12.5% |
| Trade receivables | 40 | €4,635 | €13,624 | +€8,990 | +194% |
| Other amounts receivable | 41 | €8,128 | €736 | -€7,392 | -90.9% |
| Cash at bank and in hand | 54/58 | €206 | €858 | +€652 | +316% |
| Deferred charges and accrued income | 490/1 | €271 | €274 | +€2 | +0.8% |
| Total equity and liabilities | 10/49 | €35,257 | €18,184 | -€17,073 | -48.4% |
| Equity | 10/15 | €18,344 | €4,255 | -€14,089 | -76.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,344 | €2,255 | -€14,089 | -86.2% |
| Amounts payable | 17/49 | €16,914 | €13,929 | -€2,984 | -17.6% |
| Amounts payable within one year | 42/48 | €16,914 | €13,929 | -€2,984 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €414 | - | -€414 | |
| Financial debts | 43 | €4,962 | €4,993 | +€30 | +0.6% |
| Credit institutions | 430/8 | €4,962 | €4,993 | +€30 | +0.6% |
| Trade debts | 44 | €5,290 | €6,460 | +€1,170 | +22.1% |
| Suppliers | 440/4 | €5,290 | €6,460 | +€1,170 | +22.1% |
| Taxes, remuneration and social security | 45 | €1,688 | €1,560 | -€128 | -7.6% |
| Taxes | 450/3 | €1,688 | €1,560 | -€128 | -7.6% |
| Other amounts payable | 47/48 | €4,559 | €916 | -€3,643 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,563 | €2,949 | -€3,614 | -55.1% |
| Other operating charges | 640/8 | €931 | €10,838 | +€9,907 | +1,064% |
| Gross operating margin | 9900 | €13,514 | €535 | -€12,979 | -96.0% |
| Operating profit (loss) | 9901 | €6,021 | -€13,252 | -€19,273 | |
| Financial income | 75/76B | €383 | €0 | -€383 | -100.0% |
| Recurring financial income | 75 | €383 | €0 | -€383 | -100.0% |
| Financial charges | 65/66B | €1,194 | €836 | -€358 | -29.9% |
| Recurring financial charges | 65 | €1,194 | €836 | -€358 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €5,209 | -€14,089 | -€19,298 | |
| Income taxes | 67/77 | €1,598 | - | -€1,598 | |
| Profit (loss) for the period | 9904 | €3,611 | -€14,089 | -€17,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,611 | -€14,089 | -€17,700 |
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 6 November 2026 via checked.be.