RDI: 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.
RDI
Largest movements
- Current investments -€890,621
down €890,621 (-36.7%), from €2.4m to €1.5m
- Receivables within one year +€651,238
up €651,238 (+163%), from €398,460 to €1.0m
of which Other amounts receivable: +€650,705
- Tangible fixed assets +€548,465
up €548,465 (+68.1%), from €805,004 to €1.4m
of which Land and buildings: +€524,068
- Cash -€106,446
down €106,446 (-87.9%), from €121,079 to €14,633
mainly Investment in fixed assets (net) (-€654,587) and Receivables within one year (-€651,238)
- Debts after one year +€326,398
up €326,398 (+51.0%), from €639,867 to €966,265
- Profit (loss) carried forward -€97,242
down €97,242 (-3.6%), from €2.7m to €2.6m
- Financial income -€2.1m
down €2.1m (-96.5%), from €2.2m to €77,205
- Depreciation +€71,706
up €71,706 (+208%), from €34,416 to €106,123
- Staff costs +€39,096
up €39,096 (+241%), from €16,237 to €55,334
- Gross operating margin -€22,001
down €22,001 (-38.0%), from €57,921 to €35,920
- Financial charges +€18,545
up €18,545 (+70.1%), from €26,446 to €44,991
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 | €3,916,242 | €4,121,936 | +€205,694 | +5.3% |
| Fixed assets | 21/28 | €970,004 | €1,518,468 | +€548,465 | +56.5% |
| Tangible fixed assets | 22/27 | €805,004 | €1,353,468 | +€548,465 | +68.1% |
| Land and buildings | 22 | €771,204 | €1,295,271 | +€524,068 | +68.0% |
| Plant, machinery and equipment | 23 | €1,826 | €1,390 | -€436 | -23.9% |
| Furniture and vehicles | 24 | €31,974 | €27,961 | -€4,013 | -12.6% |
| Leasing and similar rights | 25 | - | €28,846 | +€28,846 | |
| Financial fixed assets | 28 | €165,000 | €165,000 | = | 0.0% |
| Current assets | 29/58 | €2,946,238 | €2,603,468 | -€342,770 | -11.6% |
| Amounts receivable within one year | 40/41 | €398,460 | €1,049,699 | +€651,238 | +163% |
| Trade receivables | 40 | €22,619 | €23,153 | +€534 | +2.4% |
| Other amounts receivable | 41 | €375,841 | €1,026,546 | +€650,705 | +173% |
| Current investments | 50/53 | €2,424,342 | €1,533,722 | -€890,621 | -36.7% |
| Cash at bank and in hand | 54/58 | €121,079 | €14,633 | -€106,446 | -87.9% |
| Deferred charges and accrued income | 490/1 | €2,357 | €5,415 | +€3,058 | +130% |
| Total equity and liabilities | 10/49 | €3,916,242 | €4,121,936 | +€205,694 | +5.3% |
| Equity | 10/15 | €3,138,576 | €3,041,334 | -€97,242 | -3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €427,213 | €427,213 | = | 0.0% |
| Distributable reserves | 133 | €427,213 | €427,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,698,964 | €2,601,721 | -€97,242 | -3.6% |
| Amounts payable | 17/49 | €777,666 | €1,080,602 | +€302,937 | +39.0% |
| Amounts payable after more than one year | 17 | €639,867 | €966,265 | +€326,398 | +51.0% |
| Financial debts | 170/4 | €639,867 | €966,265 | +€326,398 | +51.0% |
| Amounts payable within one year | 42/48 | €137,799 | €114,338 | -€23,461 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €67,039 | €85,499 | +€18,460 | +27.5% |
| Financial debts | 43 | €40,557 | €171 | -€40,386 | -99.6% |
| Credit institutions | 430/8 | €40,557 | €171 | -€40,386 | -99.6% |
| Trade debts | 44 | €20,677 | €16,973 | -€3,703 | -17.9% |
| Suppliers | 440/4 | €20,677 | €16,973 | -€3,703 | -17.9% |
| Taxes, remuneration and social security | 45 | €9,526 | €11,695 | +€2,168 | +22.8% |
| Taxes | 450/3 | €5,863 | €9,791 | +€3,928 | +67.0% |
| Remuneration and social security | 454/9 | €3,664 | €1,904 | -€1,760 | -48.0% |
| Non-recurring operating income | 76A | €42 | €11,983 | +€11,941 | +28,282% |
| Remuneration, social security and pensions | 62 | €16,237 | €55,334 | +€39,096 | +241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,416 | €106,123 | +€71,706 | +208% |
| Other operating charges | 640/8 | €4,643 | €3,666 | -€977 | -21.0% |
| Gross operating margin | 9900 | €57,921 | €35,920 | -€22,001 | -38.0% |
| Operating profit (loss) | 9901 | €2,624 | -€129,202 | -€131,826 | |
| Financial income | 75/76B | €2,185,242 | €77,205 | -€2.1m | -96.5% |
| Recurring financial income | 75 | €2,185,242 | €77,205 | -€2.1m | -96.5% |
| Financial charges | 65/66B | €26,446 | €44,991 | +€18,545 | +70.1% |
| Recurring financial charges | 65 | €26,446 | €44,991 | +€18,545 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €2,161,420 | -€96,988 | -€2.3m | |
| Income taxes | 67/77 | €1,902 | €255 | -€1,648 | -86.6% |
| Profit (loss) for the period | 9904 | €2,159,518 | -€97,242 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,159,518 | -€97,242 | -€2.3m |
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 26 October 2026 via checked.be.