RFD Consultancy: 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.
RFD Consultancy
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Tangible fixed assets +€20,013
up €20,013 (+641.8%), from €3,118 to €23,132
of which Furniture and vehicles: +€20,237
- Cash -€18,095
down €18,095 (-32.6%), from €55,493 to €37,399
mainly Receivables after one year (-€25,000) and Investment in fixed assets (net) (-€24,523)
- Receivables within one year -€8,268
down €8,268 (-70.7%), from €11,687 to €3,419
of which Trade receivables: -€10,177
- Deferred charges and accrued income +€2,594
up €2,594 (+151.8%), from €1,709 to €4,302
- Reserves +€15,100
up €15,100 (+38.9%), from €38,800 to €53,900
- Tax, wage and social debts +€6,195
up €6,195 (+189.7%), from €3,265 to €9,460
- Other debts -€2,861
down €2,861 (-10.4%), from €27,577 to €24,716
- Trade debts +€2,759
up €2,759 (+73.7%), from €3,745 to €6,505
- Gross operating margin +€12,671
up €12,671 (+98.6%), from €12,852 to €25,523
- Taxes +€3,475
up €3,475 (+102.6%), from €3,387 to €6,862
- Depreciation +€2,626
up €2,626 (+139.7%), from €1,880 to €4,506
- Financial income +€2,125
up €2,125 (+1931936.4%), from €0 to €2,125
- Other operating charges -€419
down €419 (-43.0%), from €975 to €556
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 | €72,007 | €93,255 | +€21,248 | +29.5% |
| Fixed assets | 21/28 | €3,118 | €23,135 | +€20,017 | +641.9% |
| Tangible fixed assets | 22/27 | €3,118 | €23,132 | +€20,013 | +641.8% |
| Furniture and vehicles | 24 | €1,887 | €22,124 | +€20,237 | +1072.4% |
| Other tangible fixed assets | 26 | €1,231 | €1,008 | -€223 | -18.1% |
| Financial fixed assets | 28 | - | €3 | +€3 | |
| Current assets | 29/58 | €68,889 | €70,120 | +€1,231 | +1.8% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €11,687 | €3,419 | -€8,268 | -70.7% |
| Trade receivables | 40 | €10,177 | - | -€10,177 | |
| Other amounts receivable | 41 | €1,510 | €3,419 | +€1,909 | +126.5% |
| Cash at bank and in hand | 54/58 | €55,493 | €37,399 | -€18,095 | -32.6% |
| Deferred charges and accrued income | 490/1 | €1,709 | €4,302 | +€2,594 | +151.8% |
| Total equity and liabilities | 10/49 | €72,007 | €93,255 | +€21,248 | +29.5% |
| Equity | 10/15 | €36,389 | €51,511 | +€15,122 | +41.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,800 | €53,900 | +€15,100 | +38.9% |
| Distributable reserves | 133 | €38,800 | €53,900 | +€15,100 | +38.9% |
| Profit (loss) carried forward | 14 | -€8,611 | -€8,589 | +€22 | +0.3% |
| Amounts payable | 17/49 | €35,618 | €41,744 | +€6,126 | +17.2% |
| Amounts payable within one year | 42/48 | €34,588 | €40,681 | +€6,093 | +17.6% |
| Trade debts | 44 | €3,745 | €6,505 | +€2,759 | +73.7% |
| Suppliers | 440/4 | €3,745 | €6,505 | +€2,759 | +73.7% |
| Taxes, remuneration and social security | 45 | €3,265 | €9,460 | +€6,195 | +189.7% |
| Taxes | 450/3 | €3,265 | €9,460 | +€6,195 | +189.7% |
| Other amounts payable | 47/48 | €27,577 | €24,716 | -€2,861 | -10.4% |
| Accrued charges and deferred income | 492/3 | €1,030 | €1,063 | +€33 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,880 | €4,506 | +€2,626 | +139.7% |
| Other operating charges | 640/8 | €975 | €556 | -€419 | -43.0% |
| Gross operating margin | 9900 | €12,852 | €25,523 | +€12,671 | +98.6% |
| Operating profit (loss) | 9901 | €9,997 | €20,461 | +€10,464 | +104.7% |
| Financial income | 75/76B | €0 | €2,125 | +€2,125 | +1931936.4% |
| Recurring financial income | 75 | €0 | €2,125 | +€2,125 | +1931936.4% |
| Financial charges | 65/66B | €674 | €603 | -€71 | -10.6% |
| Recurring financial charges | 65 | €674 | €603 | -€71 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €9,323 | €21,984 | +€12,661 | +135.8% |
| Income taxes | 67/77 | €3,387 | €6,862 | +€3,475 | +102.6% |
| Profit (loss) for the period | 9904 | €5,936 | €15,122 | +€9,186 | +154.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,936 | €15,122 | +€9,186 | +154.8% |
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 8 October 2026 via checked.be.