RDL: 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.
RDL
Largest movements
- Tangible fixed assets +€281,683
up €281,683 (+40517.7%), from €695 to €282,379
of which Land and buildings: +€281,933
- Cash +€8,639
up €8,639 (+32.2%), from €26,849 to €35,489
mainly Debts after one year (+€241,433) and Net result for the year (+€20,571)
- Receivables within one year -€7,948
down €7,948 (-93.8%), from €8,470 to €522
of which Trade receivables: -€8,470
- Debts after one year +€241,433
new in 2025: €241,433
- Reserves +€20,571
up €20,571 (+105.3%), from €19,541 to €40,112
- Other debts +€11,531
up €11,531 (+760.9%), from €1,515 to €13,047
- Current portion of long-term debt +€7,865
new in 2025: €7,865
- Gross operating margin +€12,178
up €12,178 (+63.8%), from €19,093 to €31,272
- Taxes +€3,011
up €3,011 (+74.4%), from €4,049 to €7,059
- Financial charges +€1,853
up €1,853 (+171.5%), from €1,080 to €2,933
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 | €36,015 | €318,389 | +€282,375 | +784.1% |
| Fixed assets | 21/28 | €695 | €282,379 | +€281,683 | +40517.7% |
| Tangible fixed assets | 22/27 | €695 | €282,379 | +€281,683 | +40517.7% |
| Land and buildings | 22 | - | €281,933 | +€281,933 | |
| Furniture and vehicles | 24 | €695 | €445 | -€250 | -36.0% |
| Current assets | 29/58 | €35,319 | €36,011 | +€691 | +2.0% |
| Amounts receivable within one year | 40/41 | €8,470 | €522 | -€7,948 | -93.8% |
| Trade receivables | 40 | €8,470 | - | -€8,470 | |
| Other amounts receivable | 41 | - | €522 | +€522 | |
| Cash at bank and in hand | 54/58 | €26,849 | €35,489 | +€8,639 | +32.2% |
| Total equity and liabilities | 10/49 | €36,015 | €318,389 | +€282,375 | +784.1% |
| Equity | 10/15 | €21,041 | €41,612 | +€20,571 | +97.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €19,541 | €40,112 | +€20,571 | +105.3% |
| Distributable reserves | 133 | €19,541 | €40,112 | +€20,571 | +105.3% |
| Amounts payable | 17/49 | €14,974 | €276,778 | +€261,803 | +1748.4% |
| Amounts payable after more than one year | 17 | - | €241,433 | +€241,433 | |
| Financial debts | 170/4 | - | €241,433 | +€241,433 | |
| Amounts payable within one year | 42/48 | €14,974 | €35,345 | +€20,370 | +136.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,865 | +€7,865 | |
| Financial debts | 43 | - | €2,530 | +€2,530 | |
| Credit institutions | 430/8 | - | €2,530 | +€2,530 | |
| Trade debts | 44 | €70 | €132 | +€62 | +88.0% |
| Suppliers | 440/4 | €70 | €132 | +€62 | +88.0% |
| Taxes, remuneration and social security | 45 | €13,388 | €11,771 | -€1,618 | -12.1% |
| Taxes | 450/3 | €13,388 | €11,771 | -€1,618 | -12.1% |
| Other amounts payable | 47/48 | €1,515 | €13,047 | +€11,531 | +760.9% |
| Non-recurring operating income | 76A | €884 | - | -€884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Other operating charges | 640/8 | €903 | €729 | -€174 | -19.3% |
| Gross operating margin | 9900 | €19,093 | €31,272 | +€12,178 | +63.8% |
| Operating profit (loss) | 9901 | €17,940 | €30,293 | +€12,353 | +68.9% |
| Financial income | 75/76B | €76 | €271 | +€195 | +257.9% |
| Recurring financial income | 75 | €76 | €271 | +€195 | +257.9% |
| Financial charges | 65/66B | €1,080 | €2,933 | +€1,853 | +171.5% |
| Recurring financial charges | 65 | €1,080 | €2,933 | +€1,853 | +171.5% |
| Profit (loss) for the period before taxes | 9903 | €16,936 | €27,631 | +€10,695 | +63.2% |
| Income taxes | 67/77 | €4,049 | €7,059 | +€3,011 | +74.4% |
| Profit (loss) for the period | 9904 | €12,887 | €20,571 | +€7,684 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,887 | €20,571 | +€7,684 | +59.6% |
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 12 October 2026 via checked.be.