RDMC: 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.
RDMC
Largest movements
- Cash -€49,090
down €49,090 (-82.4%), from €59,595 to €10,505
mainly Contributions, distributions and other (-€60,000) and Net result for the year (-€43,436)
- Receivables within one year -€28,016
down €28,016 (-82.0%), from €34,181 to €6,165
of which Trade receivables: -€27,901
- Tangible fixed assets -€12,137
down €12,137 (-19.6%), from €61,938 to €49,801
of which Furniture and vehicles: -€10,304
- Profit (loss) carried forward -€103,436
down €103,436 (-80.0%), from €129,347 to €25,912
- Other debts +€26,151
new in 2025: €26,151
- Tax, wage and social debts -€9,523
down €9,523 (-46.5%), from €20,461 to €10,938
of which Taxes: -€7,743
- Accrued charges and deferred income -€1,675
no longer reported in 2025 (was €1,675)
- Gross operating margin -€86,653
down €86,653, from €59,052 to -€27,601
- Taxes -€9,456
down €9,456 (-98.5%), from €9,597 to €141
- Depreciation +€1,268
up €1,268 (+8.9%), from €14,221 to €15,489
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 | €157,383 | €68,269 | -€89,114 | -56.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €61,938 | €49,801 | -€12,137 | -19.6% |
| Tangible fixed assets | 22/27 | €61,938 | €49,801 | -€12,137 | -19.6% |
| Furniture and vehicles | 24 | €44,891 | €34,587 | -€10,304 | -23.0% |
| Other tangible fixed assets | 26 | €17,046 | €15,214 | -€1,833 | -10.8% |
| Current assets | 29/58 | €95,446 | €18,468 | -€76,977 | -80.7% |
| Amounts receivable within one year | 40/41 | €34,181 | €6,165 | -€28,016 | -82.0% |
| Trade receivables | 40 | €34,001 | €6,100 | -€27,901 | -82.1% |
| Other amounts receivable | 41 | €180 | €65 | -€115 | -63.8% |
| Cash at bank and in hand | 54/58 | €59,595 | €10,505 | -€49,090 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,798 | +€128 | +7.7% |
| Total equity and liabilities | 10/49 | €157,383 | €68,269 | -€89,114 | -56.6% |
| Equity | 10/15 | €134,347 | €30,912 | -€103,436 | -77.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,347 | €25,912 | -€103,436 | -80.0% |
| Amounts payable | 17/49 | €23,036 | €37,358 | +€14,322 | +62.2% |
| Amounts payable within one year | 42/48 | €21,361 | €37,358 | +€15,997 | +74.9% |
| Trade debts | 44 | €900 | €269 | -€631 | -70.1% |
| Suppliers | 440/4 | €900 | €269 | -€631 | -70.1% |
| Taxes, remuneration and social security | 45 | €20,461 | €10,938 | -€9,523 | -46.5% |
| Taxes | 450/3 | €17,480 | €9,738 | -€7,743 | -44.3% |
| Remuneration and social security | 454/9 | €2,980 | €1,200 | -€1,780 | -59.7% |
| Other amounts payable | 47/48 | - | €26,151 | +€26,151 | |
| Accrued charges and deferred income | 492/3 | €1,675 | - | -€1,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,221 | €15,489 | +€1,268 | +8.9% |
| Other operating charges | 640/8 | €121 | €68 | -€53 | -43.5% |
| Gross operating margin | 9900 | €59,052 | -€27,601 | -€86,653 | |
| Operating profit (loss) | 9901 | €44,710 | -€43,158 | -€87,868 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €80 | €137 | +€57 | +71.3% |
| Recurring financial charges | 65 | €80 | €137 | +€57 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €44,630 | -€43,295 | -€87,925 | |
| Income taxes | 67/77 | €9,597 | €141 | -€9,456 | -98.5% |
| Profit (loss) for the period | 9904 | €35,034 | -€43,436 | -€78,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,034 | -€43,436 | -€78,470 |
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 30 October 2026 via checked.be.