RDV: 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.
RDV
Largest movements
- Receivables within one year +€36,935
up €36,935 (+76.1%), from €48,557 to €85,491
of which Trade receivables: +€38,445
- Tangible fixed assets -€4,047
down €4,047 (-35.2%), from €11,496 to €7,449
of which Furniture and vehicles: -€2,951
- Cash +€1,891
up €1,891 (+55.6%), from €3,402 to €5,293
mainly Debts after one year (+€20,650) and Net result for the year (+€10,515)
- Debts after one year +€20,650
new in 2025: €20,650
- Reserves +€10,515
up €10,515 (+35.1%), from €29,990 to €40,504
- Current portion of long-term debt +€8,551
new in 2025: €8,551
- Tax, wage and social debts -€5,220
down €5,220 (-32.2%), from €16,230 to €11,010
- Gross operating margin -€10,717
down €10,717 (-35.1%), from €30,553 to €19,836
- Taxes -€3,125
down €3,125 (-51.2%), from €6,101 to €2,976
- Financial charges +€3,038
up €3,038 (+3154.6%), from €96 to €3,135
- Financial income +€821
up €821 (+174.5%), from €471 to €1,291
- Other operating charges -€489
down €489 (-51.8%), from €944 to €455
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 | €67,738 | €101,699 | +€33,962 | +50.1% |
| Fixed assets | 21/28 | €13,236 | €9,189 | -€4,047 | -30.6% |
| Tangible fixed assets | 22/27 | €11,496 | €7,449 | -€4,047 | -35.2% |
| Plant, machinery and equipment | 23 | €2,521 | €1,425 | -€1,096 | -43.5% |
| Furniture and vehicles | 24 | €8,974 | €6,023 | -€2,951 | -32.9% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €54,502 | €92,510 | +€38,009 | +69.7% |
| Amounts receivable within one year | 40/41 | €48,557 | €85,491 | +€36,935 | +76.1% |
| Trade receivables | 40 | €23,749 | €62,194 | +€38,445 | +161.9% |
| Other amounts receivable | 41 | €24,808 | €23,298 | -€1,510 | -6.1% |
| Cash at bank and in hand | 54/58 | €3,402 | €5,293 | +€1,891 | +55.6% |
| Deferred charges and accrued income | 490/1 | €2,543 | €1,726 | -€817 | -32.1% |
| Total equity and liabilities | 10/49 | €67,738 | €101,699 | +€33,962 | +50.1% |
| Equity | 10/15 | €38,990 | €49,504 | +€10,515 | +27.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €29,990 | €40,504 | +€10,515 | +35.1% |
| Distributable reserves | 133 | €29,990 | €40,504 | +€10,515 | +35.1% |
| Amounts payable | 17/49 | €28,748 | €52,195 | +€23,447 | +81.6% |
| Amounts payable after more than one year | 17 | - | €20,650 | +€20,650 | |
| Financial debts | 170/4 | - | €20,650 | +€20,650 | |
| Amounts payable within one year | 42/48 | €28,097 | €30,554 | +€2,456 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,551 | +€8,551 | |
| Trade debts | 44 | €11,867 | €10,992 | -€875 | -7.4% |
| Suppliers | 440/4 | €11,867 | €10,992 | -€875 | -7.4% |
| Taxes, remuneration and social security | 45 | €16,230 | €11,010 | -€5,220 | -32.2% |
| Taxes | 450/3 | €16,230 | €11,010 | -€5,220 | -32.2% |
| Accrued charges and deferred income | 492/3 | €650 | €991 | +€340 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,118 | €4,047 | -€71 | -1.7% |
| Other operating charges | 640/8 | €944 | €455 | -€489 | -51.8% |
| Gross operating margin | 9900 | €30,553 | €19,836 | -€10,717 | -35.1% |
| Operating profit (loss) | 9901 | €25,491 | €15,334 | -€10,158 | -39.8% |
| Financial income | 75/76B | €471 | €1,291 | +€821 | +174.5% |
| Recurring financial income | 75 | €471 | €1,291 | +€821 | +174.5% |
| Financial charges | 65/66B | €96 | €3,135 | +€3,038 | +3154.6% |
| Recurring financial charges | 65 | €96 | €3,135 | +€3,038 | +3154.6% |
| Profit (loss) for the period before taxes | 9903 | €25,865 | €13,490 | -€12,375 | -47.8% |
| Income taxes | 67/77 | €6,101 | €2,976 | -€3,125 | -51.2% |
| Profit (loss) for the period | 9904 | €19,765 | €10,515 | -€9,250 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,765 | €10,515 | -€9,250 | -46.8% |
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 4 October 2026 via checked.be.