RDGC: 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.
RDGC
Largest movements
- Cash -€62,802
down €62,802 (-68.8%), from €91,282 to €28,479
mainly Current portion of long-term debt (-€61,105) and Investment in fixed assets (net) (-€27,324)
- Tangible fixed assets +€18,097
up €18,097 (+48.0%), from €37,663 to €55,759
of which Furniture and vehicles: +€25,473
- Receivables within one year -€5,204
down €5,204 (-7.8%), from €66,342 to €61,138
of which Trade receivables: -€12,924
- Current portion of long-term debt -€61,105
no longer reported in 2025 (was €61,105)
- Trade debts +€10,784
up €10,784 (+152.8%), from €7,057 to €17,840
- Gross operating margin -€11,803
down €11,803 (-48.2%), from €24,492 to €12,688
- Taxes -€3,375
down €3,375 (-74.3%), from €4,544 to €1,169
- Depreciation +€963
up €963 (+11.7%), from €8,264 to €9,227
- Financial income -€809
down €809 (-60.3%), from €1,341 to €532
- Financial charges -€604
down €604 (-78.1%), from €774 to €169
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 | €214,977 | €163,968 | -€51,009 | -23.7% |
| Fixed assets | 21/28 | €37,663 | €55,759 | +€18,097 | +48.0% |
| Tangible fixed assets | 22/27 | €37,663 | €55,759 | +€18,097 | +48.0% |
| Land and buildings | 22 | €17,002 | €15,545 | -€1,457 | -8.6% |
| Plant, machinery and equipment | 23 | €20,661 | €14,741 | -€5,920 | -28.7% |
| Furniture and vehicles | 24 | - | €25,473 | +€25,473 | |
| Current assets | 29/58 | €177,315 | €108,209 | -€69,105 | -39.0% |
| Stocks and contracts in progress | 3 | €15,689 | €14,023 | -€1,665 | -10.6% |
| Stocks | 30/36 | €15,689 | €14,023 | -€1,665 | -10.6% |
| Amounts receivable within one year | 40/41 | €66,342 | €61,138 | -€5,204 | -7.8% |
| Trade receivables | 40 | €59,472 | €46,548 | -€12,924 | -21.7% |
| Other amounts receivable | 41 | €6,870 | €14,590 | +€7,720 | +112.4% |
| Cash at bank and in hand | 54/58 | €91,282 | €28,479 | -€62,802 | -68.8% |
| Deferred charges and accrued income | 490/1 | €4,003 | €4,569 | +€566 | +14.1% |
| Total equity and liabilities | 10/49 | €214,977 | €163,968 | -€51,009 | -23.7% |
| Equity | 10/15 | €118,345 | €120,189 | +€1,844 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,145 | €113,989 | +€1,844 | +1.6% |
| Distributable reserves | 133 | €112,145 | €113,989 | +€1,844 | +1.6% |
| Amounts payable | 17/49 | €96,632 | €43,779 | -€52,853 | -54.7% |
| Amounts payable within one year | 42/48 | €94,460 | €43,711 | -€50,749 | -53.7% |
| Current portion of amounts payable after more than one year | 42 | €61,105 | - | -€61,105 | |
| Trade debts | 44 | €7,057 | €17,840 | +€10,784 | +152.8% |
| Suppliers | 440/4 | €7,057 | €17,840 | +€10,784 | +152.8% |
| Taxes, remuneration and social security | 45 | €3,816 | €2,992 | -€824 | -21.6% |
| Taxes | 450/3 | €1,697 | €2,992 | +€1,295 | +76.3% |
| Remuneration and social security | 454/9 | €2,119 | - | -€2,119 | |
| Other amounts payable | 47/48 | €22,483 | €22,878 | +€395 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,172 | €68 | -€2,104 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,264 | €9,227 | +€963 | +11.7% |
| Other operating charges | 640/8 | €513 | €811 | +€298 | +58.0% |
| Gross operating margin | 9900 | €24,492 | €12,688 | -€11,803 | -48.2% |
| Operating profit (loss) | 9901 | €15,714 | €2,650 | -€13,064 | -83.1% |
| Financial income | 75/76B | €1,341 | €532 | -€809 | -60.3% |
| Recurring financial income | 75 | €1,341 | €532 | -€809 | -60.3% |
| Financial charges | 65/66B | €774 | €169 | -€604 | -78.1% |
| Recurring financial charges | 65 | €774 | €169 | -€604 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €16,281 | €3,013 | -€13,268 | -81.5% |
| Income taxes | 67/77 | €4,544 | €1,169 | -€3,375 | -74.3% |
| Profit (loss) for the period | 9904 | €11,737 | €1,844 | -€9,893 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,737 | €1,844 | -€9,893 | -84.3% |
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.