RDR GROUP: 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.
RDR GROUP
Largest movements
- Tangible fixed assets +€271,517
up €271,517 (+380.4%), from €71,376 to €342,892
of which Land and buildings: +€210,000
- Stocks and contracts +€220,605
up €220,605 (+48.2%), from €457,316 to €677,921
- Cash -€72,104
down €72,104 (-33.0%), from €218,358 to €146,254
mainly Investment in fixed assets (net) (-€301,372) and Stocks and contracts (-€220,605)
- Receivables within one year +€17,443
up €17,443 (+45.2%), from €38,585 to €56,028
of which Other amounts receivable: +€36,262
- Other debts +€241,573
up €241,573 (+139.7%), from €172,947 to €414,521
- Contributions +€87,750
up €87,750 (+218.0%), from €40,246 to €127,996
- Reserves +€44,334
up €44,334 (+9.9%), from €447,332 to €491,665
- Trade debts +€33,372
up €33,372 (+195.0%), from €17,117 to €50,488
- Debts after one year +€23,204
up €23,204 (+45.1%), from €51,479 to €74,683
- Gross operating margin +€49,804
up €49,804 (+42.1%), from €118,361 to €168,164
- Taxes -€12,976
down €12,976 (-53.3%), from €24,339 to €11,363
- Depreciation +€3,968
up €3,968 (+14.9%), from €26,545 to €30,512
- Financial charges +€1,924
up €1,924 (+13.0%), from €14,849 to €16,774
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 | €796,769 | €1,232,495 | +€435,725 | +54.7% |
| Fixed assets | 21/28 | €74,483 | €345,342 | +€270,859 | +363.7% |
| Intangible fixed assets | 21 | €1,507 | €0 | -€1,507 | -100.0% |
| Tangible fixed assets | 22/27 | €71,376 | €342,892 | +€271,517 | +380.4% |
| Land and buildings | 22 | - | €210,000 | +€210,000 | |
| Plant, machinery and equipment | 23 | €4,455 | €2,527 | -€1,928 | -43.3% |
| Furniture and vehicles | 24 | €62,525 | €64,076 | +€1,551 | +2.5% |
| Other tangible fixed assets | 26 | €4,395 | €66,289 | +€61,894 | +1408.3% |
| Financial fixed assets | 28 | €1,600 | €2,450 | +€850 | +53.1% |
| Current assets | 29/58 | €722,286 | €887,152 | +€164,866 | +22.8% |
| Stocks and contracts in progress | 3 | €457,316 | €677,921 | +€220,605 | +48.2% |
| Stocks | 30/36 | €457,316 | €677,921 | +€220,605 | +48.2% |
| Amounts receivable within one year | 40/41 | €38,585 | €56,028 | +€17,443 | +45.2% |
| Trade receivables | 40 | €29,838 | €11,019 | -€18,819 | -63.1% |
| Other amounts receivable | 41 | €8,747 | €45,009 | +€36,262 | +414.6% |
| Cash at bank and in hand | 54/58 | €218,358 | €146,254 | -€72,104 | -33.0% |
| Deferred charges and accrued income | 490/1 | €8,028 | €6,949 | -€1,079 | -13.4% |
| Total equity and liabilities | 10/49 | €796,769 | €1,232,495 | +€435,725 | +54.7% |
| Equity | 10/15 | €487,578 | €619,662 | +€132,084 | +27.1% |
| Contributions | 10/11 | €40,246 | €127,996 | +€87,750 | +218.0% |
| Reserves | 13 | €447,332 | €491,665 | +€44,334 | +9.9% |
| Distributable reserves | 133 | €447,332 | €491,665 | +€44,334 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €309,191 | €612,833 | +€303,641 | +98.2% |
| Amounts payable after more than one year | 17 | €51,479 | €74,683 | +€23,204 | +45.1% |
| Financial debts | 170/4 | €51,479 | €74,683 | +€23,204 | +45.1% |
| Amounts payable within one year | 42/48 | €247,915 | €527,866 | +€279,950 | +112.9% |
| Current portion of amounts payable after more than one year | 42 | €38,840 | €37,478 | -€1,362 | -3.5% |
| Trade debts | 44 | €17,117 | €50,488 | +€33,372 | +195.0% |
| Suppliers | 440/4 | €17,117 | €50,488 | +€33,372 | +195.0% |
| Taxes, remuneration and social security | 45 | €19,011 | €25,379 | +€6,368 | +33.5% |
| Taxes | 450/3 | €19,011 | €25,379 | +€6,368 | +33.5% |
| Other amounts payable | 47/48 | €172,947 | €414,521 | +€241,573 | +139.7% |
| Accrued charges and deferred income | 492/3 | €9,796 | €10,284 | +€487 | +5.0% |
| Non-recurring operating income | 76A | €17,857 | €0 | -€17,857 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,545 | €30,512 | +€3,968 | +14.9% |
| Other operating charges | 640/8 | €1,332 | €1,128 | -€204 | -15.3% |
| Non-recurring operating charges | 66A | - | €4,087 | +€4,087 | |
| Gross operating margin | 9900 | €118,361 | €168,164 | +€49,804 | +42.1% |
| Operating profit (loss) | 9901 | €90,484 | €132,437 | +€41,953 | +46.4% |
| Financial income | 75/76B | €63 | €33 | -€30 | -48.1% |
| Recurring financial income | 75 | €63 | €33 | -€30 | -48.1% |
| Financial charges | 65/66B | €14,849 | €16,774 | +€1,924 | +13.0% |
| Recurring financial charges | 65 | €14,849 | €16,774 | +€1,924 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €75,698 | €115,697 | +€39,998 | +52.8% |
| Income taxes | 67/77 | €24,339 | €11,363 | -€12,976 | -53.3% |
| Profit (loss) for the period | 9904 | €51,359 | €104,334 | +€52,974 | +103.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,359 | €104,334 | +€52,974 | +103.1% |
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 10 October 2026 via checked.be.