RDM: what changed
Two fiscal 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.
RDM
Largest movements
- Receivables within one year -€78,218
down €78,218 (-20.7%), from €378,644 to €300,425
- Other debts -€55,812
down €55,812 (-96.6%), from €57,753 to €1,941
- Short-term financial debts -€27,284
no longer reported in 2025 (was €27,284)
- Profit (loss) carried forward +€4,064
up €4,064, from -€3,384 to €680
- Financial charges -€5,775
down €5,775 (-66.9%), from €8,628 to €2,853
- Gross operating margin +€1,418
up €1,418 (+219.7%), from €645 to €2,063
- Taxes +€1,394
new in 2025: €1,394
- Financial income +€274
up €274 (+2.5%), from €10,908 to €11,182
- Depreciation -€168
down €168 (-17.4%), from €968 to €799
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 | €391,360 | €310,827 | -€80,532 | -20.6% |
| Fixed assets | 21/28 | €1,291 | €492 | -€799 | -61.9% |
| Tangible fixed assets | 22/27 | €1,291 | €492 | -€799 | -61.9% |
| Plant, machinery and equipment | 23 | €1,270 | €492 | -€779 | -61.3% |
| Furniture and vehicles | 24 | €21 | - | -€21 | |
| Current assets | 29/58 | €390,068 | €310,336 | -€79,733 | -20.4% |
| Amounts receivable within one year | 40/41 | €378,644 | €300,425 | -€78,218 | -20.7% |
| Other amounts receivable | 41 | €378,644 | €300,425 | -€78,218 | -20.7% |
| Cash at bank and in hand | 54/58 | €12 | €13 | +€1 | +11.5% |
| Deferred charges and accrued income | 490/1 | €11,413 | €9,897 | -€1,516 | -13.3% |
| Total equity and liabilities | 10/49 | €391,360 | €310,827 | -€80,532 | -20.6% |
| Equity | 10/15 | €296,724 | €302,280 | +€5,555 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €281,508 | €283,000 | +€1,492 | +0.5% |
| Non-distributable reserves | 130/1 | €281,508 | €281,508 | = | 0.0% |
| Other | 1319 | €281,508 | €281,508 | = | 0.0% |
| Distributable reserves | 133 | - | €1,492 | +€1,492 | |
| Profit (loss) carried forward | 14 | -€3,384 | €680 | +€4,064 | |
| Amounts payable | 17/49 | €94,635 | €8,547 | -€86,088 | -91.0% |
| Amounts payable within one year | 42/48 | €90,604 | €8,125 | -€82,479 | -91.0% |
| Financial debts | 43 | €27,284 | - | -€27,284 | |
| Credit institutions | 430/8 | €27,284 | - | -€27,284 | |
| Trade debts | 44 | €3,628 | €4,790 | +€1,162 | +32.0% |
| Suppliers | 440/4 | €3,628 | €4,790 | +€1,162 | +32.0% |
| Taxes, remuneration and social security | 45 | €1,939 | €1,394 | -€544 | -28.1% |
| Taxes | 450/3 | €1,939 | €1,394 | -€544 | -28.1% |
| Other amounts payable | 47/48 | €57,753 | €1,941 | -€55,812 | -96.6% |
| Accrued charges and deferred income | 492/3 | €4,031 | €422 | -€3,609 | -89.5% |
| Non-recurring operating income | 76A | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €799 | -€168 | -17.4% |
| Other operating charges | 640/8 | €2,741 | €2,643 | -€98 | -3.6% |
| Gross operating margin | 9900 | €645 | €2,063 | +€1,418 | +219.7% |
| Operating profit (loss) | 9901 | -€3,063 | -€1,379 | +€1,684 | +55.0% |
| Financial income | 75/76B | €10,908 | €11,182 | +€274 | +2.5% |
| Recurring financial income | 75 | €10,908 | €11,182 | +€274 | +2.5% |
| Financial charges | 65/66B | €8,628 | €2,853 | -€5,775 | -66.9% |
| Recurring financial charges | 65 | €8,628 | €2,853 | -€5,775 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | -€783 | €6,950 | +€7,733 | |
| Income taxes | 67/77 | - | €1,394 | +€1,394 | |
| Profit (loss) for the period | 9904 | -€783 | €5,555 | +€6,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€783 | €5,555 | +€6,338 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.