RDsmartlaw: what changed
Two fiscal 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.
RDsmartlaw
Largest movements
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Cash +€14,050
up €14,050 (+74.4%), from €18,888 to €32,939
mainly Current investments (+€175,000) and Net result for the year (+€13,839)
- Intangible fixed assets -€8,700
no longer reported in 2025 (was €8,700)
- Reserves -€179,665
no longer reported in 2025 (was €179,665)
- Other debts +€10,852
up €10,852 (+239.9%), from €4,524 to €15,376
- Trade debts -€2,322
down €2,322 (-74.4%), from €3,123 to €801
- Gross operating margin -€26,410
down €26,410 (-50.9%), from €51,886 to €25,475
- Depreciation -€26,100
down €26,100 (-75.0%), from €34,800 to €8,700
- Financial income +€1,927
up €1,927 (+57.7%), from €3,338 to €5,264
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 | €206,524 | €37,100 | -€169,424 | -82.0% |
| Fixed assets | 21/28 | €8,700 | - | -€8,700 | |
| Intangible fixed assets | 21 | €8,700 | - | -€8,700 | |
| Current assets | 29/58 | €197,824 | €37,100 | -€160,724 | -81.2% |
| Amounts receivable within one year | 40/41 | €1,952 | €1,562 | -€390 | -20.0% |
| Trade receivables | 40 | €128 | €129 | +€0 | +0.4% |
| Other amounts receivable | 41 | €1,824 | €1,434 | -€391 | -21.4% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €18,888 | €32,939 | +€14,050 | +74.4% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,599 | +€616 | +31.0% |
| Total equity and liabilities | 10/49 | €206,524 | €37,100 | -€169,424 | -82.0% |
| Equity | 10/15 | €198,265 | €18,600 | -€179,665 | -90.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,665 | - | -€179,665 | |
| Distributable reserves | 133 | €179,665 | - | -€179,665 | |
| Amounts payable | 17/49 | €8,259 | €18,500 | +€10,241 | +124.0% |
| Amounts payable within one year | 42/48 | €7,646 | €17,143 | +€9,496 | +124.2% |
| Trade debts | 44 | €3,123 | €801 | -€2,322 | -74.4% |
| Suppliers | 440/4 | €3,123 | €801 | -€2,322 | -74.4% |
| Taxes, remuneration and social security | 45 | - | €966 | +€966 | |
| Taxes | 450/3 | - | €966 | +€966 | |
| Other amounts payable | 47/48 | €4,524 | €15,376 | +€10,852 | +239.9% |
| Accrued charges and deferred income | 492/3 | €612 | €1,357 | +€745 | +121.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,800 | €8,700 | -€26,100 | -75.0% |
| Other operating charges | 640/8 | €501 | €520 | +€19 | +3.9% |
| Gross operating margin | 9900 | €51,886 | €25,475 | -€26,410 | -50.9% |
| Operating profit (loss) | 9901 | €16,585 | €16,255 | -€330 | -2.0% |
| Financial income | 75/76B | €3,338 | €5,264 | +€1,927 | +57.7% |
| Recurring financial income | 75 | €3,338 | €5,264 | +€1,927 | +57.7% |
| Financial charges | 65/66B | €67 | €34 | -€33 | -49.0% |
| Recurring financial charges | 65 | €67 | €34 | -€33 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €19,855 | €21,485 | +€1,630 | +8.2% |
| Income taxes | 67/77 | €7,668 | €7,646 | -€23 | -0.3% |
| Profit (loss) for the period | 9904 | €12,187 | €13,839 | +€1,653 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,187 | €13,839 | +€1,653 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.