RDM2: 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.
RDM2
Largest movements
- Tangible fixed assets +€176,365
up €176,365 (+648%), from €27,225 to €203,590
of which Other tangible fixed assets: +€184,463
- Receivables within one year +€15,679
up €15,679 (+268%), from €5,859 to €21,539
of which Trade receivables: +€16,252
- Other debts +€172,644
up €172,644 (+1,361%), from €12,682 to €185,327
- Trade debts +€15,099
new in 2025: €15,099
- Accrued charges and deferred income +€4,710
new in 2025: €4,710
- Tax, wage and social debts +€3,497
up €3,497 (+272%), from €1,284 to €4,781
- Financial charges +€5,039
up €5,039 (+9,779%), from €52 to €5,091
- Gross operating margin +€3,592
up €3,592 (+32.9%), from €10,931 to €14,523
- Depreciation +€1,263
up €1,263 (+13.4%), from €9,432 to €10,694
- Other operating charges +€167
up €167 (+72.0%), from €232 to €400
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 | €76,662 | €271,024 | +€194,362 | +254% |
| Fixed assets | 21/28 | €27,225 | €203,590 | +€176,365 | +648% |
| Tangible fixed assets | 22/27 | €27,225 | €203,590 | +€176,365 | +648% |
| Plant, machinery and equipment | 23 | €1,008 | €625 | -€383 | -38.0% |
| Furniture and vehicles | 24 | €26,217 | €17,168 | -€9,048 | -34.5% |
| Leasing and similar rights | 25 | - | €1,334 | +€1,334 | |
| Other tangible fixed assets | 26 | - | €184,463 | +€184,463 | |
| Current assets | 29/58 | €49,437 | €67,434 | +€17,996 | +36.4% |
| Amounts receivable within one year | 40/41 | €5,859 | €21,539 | +€15,679 | +268% |
| Trade receivables | 40 | €4,749 | €21,001 | +€16,252 | +342% |
| Other amounts receivable | 41 | €1,110 | €538 | -€572 | -51.6% |
| Cash at bank and in hand | 54/58 | €43,578 | €45,424 | +€1,846 | +4.2% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €76,662 | €271,024 | +€194,362 | +254% |
| Equity | 10/15 | €62,695 | €61,107 | -€1,589 | -2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,315 | €14,315 | = | 0.0% |
| Distributable reserves | 133 | €14,315 | €14,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,381 | €43,792 | -€1,589 | -3.5% |
| Amounts payable | 17/49 | €13,967 | €209,917 | +€195,950 | +1,403% |
| Amounts payable within one year | 42/48 | €13,967 | €205,207 | +€191,240 | +1,369% |
| Trade debts | 44 | - | €15,099 | +€15,099 | |
| Suppliers | 440/4 | - | €15,099 | +€15,099 | |
| Taxes, remuneration and social security | 45 | €1,284 | €4,781 | +€3,497 | +272% |
| Taxes | 450/3 | €1,284 | €4,781 | +€3,497 | +272% |
| Other amounts payable | 47/48 | €12,682 | €185,327 | +€172,644 | +1,361% |
| Accrued charges and deferred income | 492/3 | - | €4,710 | +€4,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,432 | €10,694 | +€1,263 | +13.4% |
| Other operating charges | 640/8 | €232 | €400 | +€167 | +72.0% |
| Gross operating margin | 9900 | €10,931 | €14,523 | +€3,592 | +32.9% |
| Operating profit (loss) | 9901 | €1,267 | €3,429 | +€2,162 | +171% |
| Financial income | 75/76B | €172 | €125 | -€47 | -27.2% |
| Recurring financial income | 75 | €172 | €125 | -€47 | -27.2% |
| Financial charges | 65/66B | €52 | €5,091 | +€5,039 | +9,779% |
| Recurring financial charges | 65 | €52 | €5,091 | +€5,039 | +9,779% |
| Profit (loss) for the period before taxes | 9903 | €1,387 | -€1,537 | -€2,924 | |
| Income taxes | 67/77 | -€52 | €52 | +€103 | |
| Profit (loss) for the period | 9904 | €1,438 | -€1,589 | -€3,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,438 | -€1,589 | -€3,027 |
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 15 October 2026 via checked.be.