RDH-Law: 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.
RDH-Law
Largest movements
- Cash -€31,126
down €31,126 (-34.5%), from €90,237 to €59,111
mainly Contributions, distributions and other (-€192,199) and Tax, wage and social debts (-€16,158)
- Tangible fixed assets -€11,269
down €11,269 (-27.3%), from €41,315 to €30,045
of which Furniture and vehicles: -€11,075
- Receivables within one year -€2,686
down €2,686 (-7.9%), from €33,962 to €31,276
of which Trade receivables: -€4,682
- Reserves -€38,910
down €38,910 (-60.9%), from €63,899 to €24,989
- Other debts +€21,235
up €21,235 (+67.3%), from €31,553 to €52,788
- Tax, wage and social debts -€16,158
down €16,158 (-49.0%), from €32,976 to €16,818
- Debts after one year -€10,727
down €10,727 (-45.1%), from €23,771 to €13,045
- Gross operating margin +€44,487
up €44,487 (+26.3%), from €169,459 to €213,945
- Taxes +€11,102
up €11,102 (+30.9%), from €35,901 to €47,004
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 | €165,872 | €120,808 | -€45,064 | -27.2% |
| Fixed assets | 21/28 | €41,315 | €30,045 | -€11,269 | -27.3% |
| Tangible fixed assets | 22/27 | €41,315 | €30,045 | -€11,269 | -27.3% |
| Furniture and vehicles | 24 | €39,637 | €28,563 | -€11,075 | -27.9% |
| Other tangible fixed assets | 26 | €1,677 | €1,483 | -€194 | -11.6% |
| Current assets | 29/58 | €124,558 | €90,763 | -€33,795 | -27.1% |
| Amounts receivable within one year | 40/41 | €33,962 | €31,276 | -€2,686 | -7.9% |
| Trade receivables | 40 | €33,962 | €29,280 | -€4,682 | -13.8% |
| Other amounts receivable | 41 | €0 | €1,996 | +€1,996 | |
| Cash at bank and in hand | 54/58 | €90,237 | €59,111 | -€31,126 | -34.5% |
| Deferred charges and accrued income | 490/1 | €358 | €376 | +€17 | +4.9% |
| Total equity and liabilities | 10/49 | €165,872 | €120,808 | -€45,064 | -27.2% |
| Equity | 10/15 | €64,899 | €25,989 | -€38,910 | -60.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,899 | €24,989 | -€38,910 | -60.9% |
| Distributable reserves | 133 | €63,899 | €24,989 | -€38,910 | -60.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,974 | €94,819 | -€6,154 | -6.1% |
| Amounts payable after more than one year | 17 | €23,771 | €13,045 | -€10,727 | -45.1% |
| Financial debts | 170/4 | €23,771 | €13,045 | -€10,727 | -45.1% |
| Amounts payable within one year | 42/48 | €77,202 | €81,775 | +€4,573 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €10,324 | €10,727 | +€403 | +3.9% |
| Trade debts | 44 | €2,349 | €1,441 | -€907 | -38.6% |
| Suppliers | 440/4 | €2,349 | €1,441 | -€907 | -38.6% |
| Taxes, remuneration and social security | 45 | €32,976 | €16,818 | -€16,158 | -49.0% |
| Taxes | 450/3 | €32,976 | €16,818 | -€16,158 | -49.0% |
| Other amounts payable | 47/48 | €31,553 | €52,788 | +€21,235 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,204 | €13,193 | -€11 | -0.1% |
| Other operating charges | 640/8 | €770 | €1,027 | +€257 | +33.4% |
| Gross operating margin | 9900 | €169,459 | €213,945 | +€44,487 | +26.3% |
| Operating profit (loss) | 9901 | €155,485 | €199,726 | +€44,241 | +28.5% |
| Financial income | 75/76B | €2,234 | €1,957 | -€277 | -12.4% |
| Recurring financial income | 75 | €2,234 | €1,957 | -€277 | -12.4% |
| Financial charges | 65/66B | €1,774 | €1,390 | -€384 | -21.7% |
| Recurring financial charges | 65 | €1,774 | €1,390 | -€384 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €155,945 | €200,293 | +€44,348 | +28.4% |
| Income taxes | 67/77 | €35,901 | €47,004 | +€11,102 | +30.9% |
| Profit (loss) for the period | 9904 | €120,043 | €153,289 | +€33,246 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,043 | €153,289 | +€33,246 | +27.7% |
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 29 October 2026 via checked.be.