RDNewco: 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.
RDNewco
Largest movements
- Cash -€41,867
down €41,867 (-92.7%), from €45,181 to €3,314
mainly Net result for the year (-€25,867) and Other debts (-€11,277)
- Receivables within one year +€5,995
up €5,995 (+19.8%), from €30,224 to €36,219
- Tangible fixed assets -€2,714
down €2,714 (-55.4%), from €4,900 to €2,186
of which Plant, machinery and equipment: -€1,401
- Profit (loss) carried forward -€25,867
down €25,867 (-90.1%), from -€28,706 to -€54,573
- Other debts -€11,277
down €11,277 (-16.1%), from €69,871 to €58,594
- Trade debts -€907
down €907 (-18.7%), from €4,851 to €3,944
- Gross operating margin -€31,605
down €31,605, from €20,505 to -€11,100
- Other operating charges +€8,144
up €8,144 (+2118.5%), from €384 to €8,529
- Depreciation -€608
down €608 (-18.3%), from €3,322 to €2,714
- Financial charges +€482
up €482 (+18.0%), from €2,681 to €3,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,305 | €41,719 | -€38,586 | -48.0% |
| Fixed assets | 21/28 | €4,900 | €2,186 | -€2,714 | -55.4% |
| Tangible fixed assets | 22/27 | €4,900 | €2,186 | -€2,714 | -55.4% |
| Plant, machinery and equipment | 23 | €2,814 | €1,413 | -€1,401 | -49.8% |
| Furniture and vehicles | 24 | €2,086 | €773 | -€1,313 | -62.9% |
| Current assets | 29/58 | €75,405 | €39,533 | -€35,872 | -47.6% |
| Amounts receivable within one year | 40/41 | €30,224 | €36,219 | +€5,995 | +19.8% |
| Other amounts receivable | 41 | €30,224 | €36,219 | +€5,995 | +19.8% |
| Cash at bank and in hand | 54/58 | €45,181 | €3,314 | -€41,867 | -92.7% |
| Total equity and liabilities | 10/49 | €80,305 | €41,719 | -€38,586 | -48.0% |
| Equity | 10/15 | €5,048 | -€20,819 | -€25,867 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,754 | €23,754 | = | 0.0% |
| Distributable reserves | 133 | €23,754 | €23,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,706 | -€54,573 | -€25,867 | -90.1% |
| Amounts payable | 17/49 | €75,257 | €62,538 | -€12,719 | -16.9% |
| Amounts payable within one year | 42/48 | €75,257 | €62,538 | -€12,719 | -16.9% |
| Trade debts | 44 | €4,851 | €3,944 | -€907 | -18.7% |
| Suppliers | 440/4 | €4,851 | €3,944 | -€907 | -18.7% |
| Taxes, remuneration and social security | 45 | €535 | €0 | -€535 | -100.0% |
| Taxes | 450/3 | €535 | €0 | -€535 | -100.0% |
| Other amounts payable | 47/48 | €69,871 | €58,594 | -€11,277 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,322 | €2,714 | -€608 | -18.3% |
| Other operating charges | 640/8 | €384 | €8,529 | +€8,144 | +2118.5% |
| Gross operating margin | 9900 | €20,505 | -€11,100 | -€31,605 | |
| Operating profit (loss) | 9901 | €16,798 | -€22,343 | -€39,141 | |
| Financial income | 75/76B | €18 | €3 | -€15 | -81.1% |
| Recurring financial income | 75 | €18 | €3 | -€15 | -81.1% |
| Financial charges | 65/66B | €2,681 | €3,163 | +€482 | +18.0% |
| Recurring financial charges | 65 | €2,681 | €3,163 | +€482 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €14,135 | -€25,503 | -€39,638 | |
| Income taxes | 67/77 | €267 | €364 | +€97 | +36.3% |
| Profit (loss) for the period | 9904 | €13,868 | -€25,867 | -€39,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,868 | -€25,867 | -€39,735 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.