RDM³: 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.
RDM³
Largest movements
- Receivables within one year +€396,513
up €396,513 (+66.5%), from €596,194 to €992,707
of which Trade receivables: +€408,446
- Cash +€128,214
up €128,214 (+84.1%), from €152,385 to €280,599
mainly Trade debts (+€553,957) and Net result for the year (+€200,931)
- Receivables after one year -€29,126
down €29,126 (-100%), from €29,126 to €0
- Trade debts +€553,957
up €553,957 (+380%), from €145,619 to €699,576
- Reserves -€88,035
down €88,035 (-13.5%), from €653,615 to €565,580
of which Distributable reserves: -€88,035
- Other debts +€68,659
up €68,659 (+47.4%), from €144,985 to €213,644
- Debts after one year -€60,039
down €60,039 (-33.4%), from €179,557 to €119,517
- Tax, wage and social debts +€18,888
up €18,888 (+151%), from €12,529 to €31,417
- Gross operating margin +€50,897
up €50,897 (+19.1%), from €267,126 to €318,023
- Taxes +€9,415
up €9,415 (+67.5%), from €13,941 to €23,356
- Depreciation +€5,756
up €5,756 (+9.4%), from €61,196 to €66,952
- Financial charges +€4,737
up €4,737 (+25.3%), from €18,691 to €23,429
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 | €1,232,257 | €1,708,557 | +€476,301 | +38.7% |
| Fixed assets | 21/28 | €429,806 | €425,078 | -€4,728 | -1.1% |
| Tangible fixed assets | 22/27 | €426,206 | €421,478 | -€4,728 | -1.1% |
| Land and buildings | 22 | €206,901 | €217,548 | +€10,647 | +5.1% |
| Plant, machinery and equipment | 23 | €93,123 | €115,627 | +€22,504 | +24.2% |
| Furniture and vehicles | 24 | €126,182 | €88,303 | -€37,879 | -30.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €802,450 | €1,283,479 | +€481,029 | +59.9% |
| Amounts receivable after more than one year | 29 | €29,126 | €0 | -€29,126 | -100% |
| Other amounts receivable | 291 | €29,126 | €0 | -€29,126 | -100% |
| Amounts receivable within one year | 40/41 | €596,194 | €992,707 | +€396,513 | +66.5% |
| Trade receivables | 40 | €544,035 | €952,480 | +€408,446 | +75.1% |
| Other amounts receivable | 41 | €52,159 | €40,227 | -€11,932 | -22.9% |
| Cash at bank and in hand | 54/58 | €152,385 | €280,599 | +€128,214 | +84.1% |
| Deferred charges and accrued income | 490/1 | €24,744 | €10,173 | -€14,572 | -58.9% |
| Total equity and liabilities | 10/49 | €1,232,257 | €1,708,557 | +€476,301 | +38.7% |
| Equity | 10/15 | €672,215 | €584,180 | -€88,035 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €653,615 | €565,580 | -€88,035 | -13.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €653,615 | €565,580 | -€88,035 | -13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €560,041 | €1,124,377 | +€564,336 | +101% |
| Amounts payable after more than one year | 17 | €179,557 | €119,517 | -€60,039 | -33.4% |
| Financial debts | 170/4 | €179,557 | €119,517 | -€60,039 | -33.4% |
| Amounts payable within one year | 42/48 | €380,485 | €1,004,860 | +€624,375 | +164% |
| Current portion of amounts payable after more than one year | 42 | €77,310 | €60,039 | -€17,271 | -22.3% |
| Financial debts | 43 | €42 | €184 | +€142 | +341% |
| Credit institutions | 430/8 | €42 | €184 | +€142 | +341% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €145,619 | €699,576 | +€553,957 | +380% |
| Suppliers | 440/4 | €145,619 | €699,576 | +€553,957 | +380% |
| Taxes, remuneration and social security | 45 | €12,529 | €31,417 | +€18,888 | +151% |
| Taxes | 450/3 | €12,529 | €31,417 | +€18,888 | +151% |
| Other amounts payable | 47/48 | €144,985 | €213,644 | +€68,659 | +47.4% |
| Remuneration, social security and pensions | 62 | €1,027 | €536 | -€491 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,196 | €66,952 | +€5,756 | +9.4% |
| Other operating charges | 640/8 | €4,933 | €4,549 | -€384 | -7.8% |
| Gross operating margin | 9900 | €267,126 | €318,023 | +€50,897 | +19.1% |
| Operating profit (loss) | 9901 | €199,970 | €245,985 | +€46,015 | +23.0% |
| Financial income | 75/76B | €16 | €1,731 | +€1,715 | +10,863% |
| Recurring financial income | 75 | €16 | €1,731 | +€1,715 | +10,863% |
| Financial charges | 65/66B | €18,691 | €23,429 | +€4,737 | +25.3% |
| Recurring financial charges | 65 | €18,691 | €23,429 | +€4,737 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €181,294 | €224,288 | +€42,993 | +23.7% |
| Income taxes | 67/77 | €13,941 | €23,356 | +€9,415 | +67.5% |
| Profit (loss) for the period | 9904 | €167,353 | €200,931 | +€33,578 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €167,353 | €200,931 | +€33,578 | +20.1% |
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 13 October 2026 via checked.be.