RDC: 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.
RDC
Largest movements
- Receivables within one year +€109,000
up €109,000 (+407.5%), from €26,745 to €135,746
of which Trade receivables: +€57,710
- Tangible fixed assets -€10,619
down €10,619 (-12.3%), from €86,613 to €75,994
- Stocks and contracts +€9,700
new in 2025: €9,700
- Deferred charges and accrued income +€5,422
up €5,422 (+319.1%), from €1,699 to €7,122
- Reserves -€148,881
down €148,881 (-82.0%), from €181,667 to €32,786
- Other debts +€141,742
up €141,742 (+1985.5%), from €7,139 to €148,881
- Trade debts +€80,322
up €80,322 (+5996.9%), from €1,339 to €81,661
- Advances received +€48,236
new in 2025: €48,236
- Debts after one year -€10,887
down €10,887 (-66.0%), from €16,505 to €5,618
- Gross operating margin -€15,774
down €15,774 (-45.7%), from €34,537 to €18,763
- Taxes -€5,004
down €5,004 (-69.8%), from €7,167 to €2,163
- Depreciation +€3,541
up €3,541 (+32.9%), from €10,776 to €14,316
- Financial income -€469
down €469 (-12.4%), from €3,789 to €3,320
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 | €257,585 | €368,600 | +€111,015 | +43.1% |
| Fixed assets | 21/28 | €86,613 | €75,994 | -€10,619 | -12.3% |
| Tangible fixed assets | 22/27 | €86,613 | €75,994 | -€10,619 | -12.3% |
| Land and buildings | 22 | €7,577 | €6,415 | -€1,162 | -15.3% |
| Plant, machinery and equipment | 23 | €2,903 | €0 | -€2,903 | -100.0% |
| Furniture and vehicles | 24 | €29,736 | €28,266 | -€1,470 | -4.9% |
| Other tangible fixed assets | 26 | €46,397 | €41,312 | -€5,084 | -11.0% |
| Current assets | 29/58 | €170,973 | €292,607 | +€121,634 | +71.1% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €9,700 | +€9,700 | |
| Stocks | 30/36 | - | €9,700 | +€9,700 | |
| Amounts receivable within one year | 40/41 | €26,745 | €135,746 | +€109,000 | +407.5% |
| Trade receivables | 40 | €197 | €57,907 | +€57,710 | +29331.6% |
| Other amounts receivable | 41 | €26,549 | €77,839 | +€51,290 | +193.2% |
| Cash at bank and in hand | 54/58 | €2,528 | €39 | -€2,489 | -98.5% |
| Deferred charges and accrued income | 490/1 | €1,699 | €7,122 | +€5,422 | +319.1% |
| Total equity and liabilities | 10/49 | €257,585 | €368,600 | +€111,015 | +43.1% |
| Equity | 10/15 | €200,267 | €52,118 | -€148,149 | -74.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,667 | €32,786 | -€148,881 | -82.0% |
| Distributable reserves | 133 | €181,667 | €32,786 | -€148,881 | -82.0% |
| Profit (loss) carried forward | 14 | - | €732 | +€732 | |
| Amounts payable | 17/49 | €57,319 | €316,482 | +€259,164 | +452.1% |
| Amounts payable after more than one year | 17 | €16,505 | €5,618 | -€10,887 | -66.0% |
| Financial debts | 170/4 | €16,505 | €5,618 | -€10,887 | -66.0% |
| Amounts payable within one year | 42/48 | €40,813 | €310,864 | +€270,051 | +661.7% |
| Current portion of amounts payable after more than one year | 42 | €22,190 | €22,640 | +€449 | +2.0% |
| Financial debts | 43 | - | €197 | +€197 | |
| Credit institutions | 430/8 | - | €197 | +€197 | |
| Trade debts | 44 | €1,339 | €81,661 | +€80,322 | +5996.9% |
| Suppliers | 440/4 | €1,339 | €81,661 | +€80,322 | +5996.9% |
| Advances received on contracts in progress | 46 | - | €48,236 | +€48,236 | |
| Taxes, remuneration and social security | 45 | €10,144 | €9,250 | -€894 | -8.8% |
| Taxes | 450/3 | €10,144 | €9,250 | -€894 | -8.8% |
| Other amounts payable | 47/48 | €7,139 | €148,881 | +€141,742 | +1985.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,776 | €14,316 | +€3,541 | +32.9% |
| Other operating charges | 640/8 | €2,568 | €2,704 | +€136 | +5.3% |
| Non-recurring operating charges | 66A | €5,660 | €0 | -€5,660 | -100.0% |
| Gross operating margin | 9900 | €34,537 | €18,763 | -€15,774 | -45.7% |
| Operating profit (loss) | 9901 | €15,533 | €1,743 | -€13,790 | -88.8% |
| Financial income | 75/76B | €3,789 | €3,320 | -€469 | -12.4% |
| Recurring financial income | 75 | €3,789 | €3,320 | -€469 | -12.4% |
| Financial charges | 65/66B | €1,878 | €2,168 | +€290 | +15.4% |
| Recurring financial charges | 65 | €1,878 | €2,168 | +€290 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €17,444 | €2,895 | -€14,550 | -83.4% |
| Income taxes | 67/77 | €7,167 | €2,163 | -€5,004 | -69.8% |
| Profit (loss) for the period | 9904 | €10,278 | €732 | -€9,546 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,278 | €732 | -€9,546 | -92.9% |
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.