RDHive: 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.
RDHive
Largest movements
- Receivables within one year +€21,127
up €21,127 (+136%), from €15,525 to €36,652
of which Trade receivables: +€14,486
- Cash -€3,785
down €3,785 (-100%), from €3,785 to €0
mainly Receivables within one year (-€21,127) and Net result for the year (-€3,530)
- Tangible fixed assets -€1,056
down €1,056 (-18.0%), from €5,862 to €4,806
- Short-term financial debts +€9,789
new in 2025: €9,789
- Tax, wage and social debts +€7,982
up €7,982 (+79.9%), from €9,986 to €17,968
of which Taxes: +€5,942
- Profit (loss) carried forward -€3,530
down €3,530 (-25.1%), from €14,076 to €10,546
- Trade debts +€1,960
up €1,960 (+177%), from €1,110 to €3,070
- Gross operating margin -€19,707
down €19,707 (-86.8%), from €22,709 to €3,002
- Taxes -€3,169
down €3,169 (-50.3%), from €6,296 to €3,127
- Depreciation +€520
up €520 (+27.7%), from €1,880 to €2,401
- Financial charges +€446
up €446 (+628%), from €71 to €517
- Other operating charges +€294
up €294 (+25.3%), from €1,163 to €1,457
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 | €25,321 | €41,523 | +€16,201 | +64.0% |
| Fixed assets | 21/28 | €5,862 | €4,806 | -€1,056 | -18.0% |
| Tangible fixed assets | 22/27 | €5,862 | €4,806 | -€1,056 | -18.0% |
| Furniture and vehicles | 24 | €5,862 | €4,806 | -€1,056 | -18.0% |
| Current assets | 29/58 | €19,460 | €36,717 | +€17,257 | +88.7% |
| Amounts receivable within one year | 40/41 | €15,525 | €36,652 | +€21,127 | +136% |
| Trade receivables | 40 | €1,100 | €15,586 | +€14,486 | +1,317% |
| Other amounts receivable | 41 | €14,425 | €21,066 | +€6,642 | +46.0% |
| Cash at bank and in hand | 54/58 | €3,785 | €0 | -€3,785 | -100% |
| Deferred charges and accrued income | 490/1 | €150 | €65 | -€85 | -56.9% |
| Total equity and liabilities | 10/49 | €25,321 | €41,523 | +€16,201 | +64.0% |
| Equity | 10/15 | €14,226 | €10,696 | -€3,530 | -24.8% |
| Contributions | 10/11 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,076 | €10,546 | -€3,530 | -25.1% |
| Amounts payable | 17/49 | €11,096 | €30,827 | +€19,731 | +178% |
| Amounts payable within one year | 42/48 | €11,096 | €30,827 | +€19,731 | +178% |
| Financial debts | 43 | - | €9,789 | +€9,789 | |
| Credit institutions | 430/8 | - | €9,789 | +€9,789 | |
| Trade debts | 44 | €1,110 | €3,070 | +€1,960 | +177% |
| Suppliers | 440/4 | €1,110 | €3,070 | +€1,960 | +177% |
| Taxes, remuneration and social security | 45 | €9,986 | €17,968 | +€7,982 | +79.9% |
| Taxes | 450/3 | €9,986 | €15,928 | +€5,942 | +59.5% |
| Remuneration and social security | 454/9 | - | €2,040 | +€2,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,880 | €2,401 | +€520 | +27.7% |
| Other operating charges | 640/8 | €1,163 | €1,457 | +€294 | +25.3% |
| Gross operating margin | 9900 | €22,709 | €3,002 | -€19,707 | -86.8% |
| Operating profit (loss) | 9901 | €19,665 | -€856 | -€20,521 | |
| Financial income | 75/76B | €778 | €971 | +€193 | +24.8% |
| Recurring financial income | 75 | €778 | €971 | +€193 | +24.8% |
| Financial charges | 65/66B | €71 | €517 | +€446 | +628% |
| Recurring financial charges | 65 | €71 | €517 | +€446 | +628% |
| Profit (loss) for the period before taxes | 9903 | €20,372 | -€403 | -€20,775 | |
| Income taxes | 67/77 | €6,296 | €3,127 | -€3,169 | -50.3% |
| Profit (loss) for the period | 9904 | €14,076 | -€3,530 | -€17,605 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,076 | -€3,530 | -€17,605 |
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 14 October 2026 via checked.be.