RDSP: 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.
RDSP
Largest movements
- Tangible fixed assets -€28,889
down €28,889 (-2.5%), from €1.2m to €1.1m
- Deferred charges and accrued income +€24,487
up €24,487 (+399.2%), from €6,133 to €30,620
- Debts after one year -€65,559
down €65,559 (-9.8%), from €670,112 to €604,553
- Other debts +€36,061
up €36,061 (+6.0%), from €597,308 to €633,368
- Profit (loss) carried forward +€16,788
up €16,788 (+12.7%), from -€131,806 to -€115,018
- Gross operating margin +€27,356
up €27,356 (+77.3%), from €35,401 to €62,757
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 | €1,225,133 | €1,212,990 | -€12,143 | -1.0% |
| Fixed assets | 21/28 | €1,164,871 | €1,135,982 | -€28,889 | -2.5% |
| Tangible fixed assets | 22/27 | €1,164,871 | €1,135,982 | -€28,889 | -2.5% |
| Land and buildings | 22 | €1,164,871 | €1,135,982 | -€28,889 | -2.5% |
| Current assets | 29/58 | €60,262 | €77,008 | +€16,746 | +27.8% |
| Amounts receivable within one year | 40/41 | €34,749 | €34,749 | = | 0.0% |
| Other amounts receivable | 41 | €34,749 | €34,749 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,379 | €11,639 | -€7,741 | -39.9% |
| Deferred charges and accrued income | 490/1 | €6,133 | €30,620 | +€24,487 | +399.2% |
| Total equity and liabilities | 10/49 | €1,225,133 | €1,212,990 | -€12,143 | -1.0% |
| Equity | 10/15 | -€113,206 | -€96,418 | +€16,788 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,806 | -€115,018 | +€16,788 | +12.7% |
| Amounts payable | 17/49 | €1,338,339 | €1,309,408 | -€28,931 | -2.2% |
| Amounts payable after more than one year | 17 | €670,112 | €604,553 | -€65,559 | -9.8% |
| Financial debts | 170/4 | €670,112 | €604,553 | -€65,559 | -9.8% |
| Amounts payable within one year | 42/48 | €667,690 | €704,365 | +€36,675 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €70,382 | €70,997 | +€615 | +0.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €597,308 | €633,368 | +€36,061 | +6.0% |
| Accrued charges and deferred income | 492/3 | €537 | €490 | -€47 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,889 | €28,889 | = | 0.0% |
| Other operating charges | 640/8 | €4,535 | €4,672 | +€137 | +3.0% |
| Gross operating margin | 9900 | €35,401 | €62,757 | +€27,356 | +77.3% |
| Operating profit (loss) | 9901 | €1,977 | €29,196 | +€27,219 | +1376.8% |
| Financial charges | 65/66B | €12,557 | €12,408 | -€149 | -1.2% |
| Recurring financial charges | 65 | €12,557 | €12,408 | -€149 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,580 | €16,788 | +€27,368 | |
| Profit (loss) for the period | 9904 | -€10,580 | €16,788 | +€27,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,580 | €16,788 | +€27,368 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.