RDLS CONSULTING: 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.
RDLS CONSULTING
Largest movements
- Current investments +€1.1m
up €1.1m (+1,413%), from €75,000 to €1.1m
- Receivables after one year -€482,290
no longer reported in 2025 (was €482,290)
- Tangible fixed assets -€57,488
down €57,488 (-3.6%), from €1.6m to €1.5m
of which Land and buildings: -€68,644
- Debts after one year -€608,676
down €608,676 (-78.1%), from €779,732 to €171,055
- Short-term financial debts +€555,347
up €555,347 (+3,254%), from €17,065 to €572,413
of which Other loans: +€563,931
- Other debts +€521,251
new in 2025: €521,251
- Reserves +€133,357
up €133,357 (+6.1%), from €2.2m to €2.3m
of which Non-distributable reserves: +€1.1m
- Current portion of long-term debt -€59,027
down €59,027 (-51.7%), from €114,130 to €55,103
- Financial income -€94,762
down €94,762 (-31.3%), from €302,362 to €207,600
- Gross operating margin +€74,328
up €74,328 (+17.8%), from €416,415 to €490,744
- Staff costs +€43,129
up €43,129 (+69.7%), from €61,907 to €105,036
- Taxes -€15,152
down €15,152 (-14.1%), from €107,267 to €92,115
- Financial charges -€7,097
down €7,097 (-18.7%), from €38,041 to €30,944
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,243,056 | €3,781,876 | +€538,820 | +16.6% |
| Fixed assets | 21/28 | €2,468,628 | €2,411,140 | -€57,488 | -2.3% |
| Tangible fixed assets | 22/27 | €1,595,555 | €1,538,067 | -€57,488 | -3.6% |
| Land and buildings | 22 | €1,575,165 | €1,506,522 | -€68,644 | -4.4% |
| Plant, machinery and equipment | 23 | €3,220 | €2,200 | -€1,019 | -31.7% |
| Furniture and vehicles | 24 | €17,170 | €29,345 | +€12,175 | +70.9% |
| Financial fixed assets | 28 | €873,073 | €873,073 | = | 0.0% |
| Current assets | 29/58 | €774,428 | €1,370,735 | +€596,308 | +77.0% |
| Amounts receivable after more than one year | 29 | €482,290 | - | -€482,290 | |
| Other amounts receivable | 291 | €482,290 | - | -€482,290 | |
| Amounts receivable within one year | 40/41 | €217,138 | €235,735 | +€18,598 | +8.6% |
| Trade receivables | 40 | €34,666 | - | -€34,666 | |
| Other amounts receivable | 41 | €182,472 | €235,735 | +€53,264 | +29.2% |
| Current investments | 50/53 | €75,000 | €1,135,000 | +€1.1m | +1,413% |
| Total equity and liabilities | 10/49 | €3,243,056 | €3,781,876 | +€538,820 | +16.6% |
| Equity | 10/15 | €2,250,097 | €2,383,454 | +€133,357 | +5.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,188,597 | €2,321,954 | +€133,357 | +6.1% |
| Non-distributable reserves | 130/1 | €46,200 | €1,106,200 | +€1.1m | +2,294% |
| Legal reserve | 130 | €46,200 | €46,200 | = | 0.0% |
| Own shares acquired | 1312 | - | €1,060,000 | +€1.1m | |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €2,142,397 | €1,110,504 | -€1.0m | -48.2% |
| Amounts payable | 17/49 | €992,959 | €1,398,422 | +€405,463 | +40.8% |
| Amounts payable after more than one year | 17 | €779,732 | €171,055 | -€608,676 | -78.1% |
| Financial debts | 170/4 | €779,732 | €171,055 | -€608,676 | -78.1% |
| Amounts payable within one year | 42/48 | €213,227 | €1,227,366 | +€1.0m | +476% |
| Current portion of amounts payable after more than one year | 42 | €114,130 | €55,103 | -€59,027 | -51.7% |
| Financial debts | 43 | €17,065 | €572,413 | +€555,347 | +3,254% |
| Credit institutions | 430/8 | €17,065 | €8,481 | -€8,584 | -50.3% |
| Other loans | 439 | - | €563,931 | +€563,931 | |
| Trade debts | 44 | €12,475 | €9,429 | -€3,046 | -24.4% |
| Suppliers | 440/4 | €12,475 | €9,429 | -€3,046 | -24.4% |
| Taxes, remuneration and social security | 45 | €69,557 | €69,170 | -€387 | -0.6% |
| Taxes | 450/3 | €69,557 | €69,170 | -€387 | -0.6% |
| Other amounts payable | 47/48 | - | €521,251 | +€521,251 | |
| Remuneration, social security and pensions | 62 | €61,907 | €105,036 | +€43,129 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,183 | €81,986 | -€5,196 | -6.0% |
| Other operating charges | 640/8 | €9,485 | €7,348 | -€2,137 | -22.5% |
| Gross operating margin | 9900 | €416,415 | €490,744 | +€74,328 | +17.8% |
| Operating profit (loss) | 9901 | €257,841 | €296,374 | +€38,532 | +14.9% |
| Financial income | 75/76B | €302,362 | €207,600 | -€94,762 | -31.3% |
| Recurring financial income | 75 | €302,362 | €207,600 | -€94,762 | -31.3% |
| Financial charges | 65/66B | €38,041 | €30,944 | -€7,097 | -18.7% |
| Recurring financial charges | 65 | €38,041 | €30,944 | -€7,097 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €522,163 | €473,030 | -€49,133 | -9.4% |
| Income taxes | 67/77 | €107,267 | €92,115 | -€15,152 | -14.1% |
| Profit (loss) for the period | 9904 | €414,896 | €380,915 | -€33,981 | -8.2% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €414,896 | €275,665 | -€139,231 | -33.6% |
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 17 October 2026 via checked.be.