RL-TRADING: 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.
RL-TRADING
Largest movements
- Receivables within one year -€112,791
down €112,791 (-73.4%), from €153,580 to €40,789
of which Trade receivables: -€106,704
- Current investments +€65,000
new in 2025: €65,000
- Tangible fixed assets -€19,950
down €19,950 (-2.4%), from €831,575 to €811,625
of which Leasing and similar rights: -€143,721
- Debts after one year -€70,610
down €70,610 (-15.7%), from €448,859 to €378,250
- Other debts +€25,216
new in 2025: €25,216
- Reserves -€20,249
down €20,249 (-3.5%), from €581,588 to €561,340
of which Distributable reserves: -€20,249
- Trade debts -€13,309
down €13,309 (-31.3%), from €42,571 to €29,262
- Gross operating margin +€96,364
up €96,364 (+44.5%), from €216,426 to €312,790
- Depreciation -€24,761
down €24,761 (-9.9%), from €250,293 to €225,532
- Financial income -€8,903
down €8,903 (-84.4%), from €10,550 to €1,648
- Taxes -€4,838
down €4,838, from €4,410 to -€428
- Financial charges +€4,736
up €4,736 (+72.3%), from €6,552 to €11,288
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.
Derived cash bridge
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 | €1,199,237 | €1,122,659 | -€76,579 | -6.4% |
| Fixed assets | 21/28 | €831,575 | €812,875 | -€18,700 | -2.2% |
| Tangible fixed assets | 22/27 | €831,575 | €811,625 | -€19,950 | -2.4% |
| Furniture and vehicles | 24 | €454,260 | €578,031 | +€123,771 | +27.2% |
| Leasing and similar rights | 25 | €377,314 | €233,593 | -€143,721 | -38.1% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €367,663 | €309,784 | -€57,879 | -15.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,580 | €40,789 | -€112,791 | -73.4% |
| Trade receivables | 40 | €124,771 | €18,067 | -€106,704 | -85.5% |
| Other amounts receivable | 41 | €28,809 | €22,722 | -€6,087 | -21.1% |
| Current investments | 50/53 | - | €65,000 | +€65,000 | |
| Cash at bank and in hand | 54/58 | €14,083 | €3,995 | -€10,088 | -71.6% |
| Total equity and liabilities | 10/49 | €1,199,237 | €1,122,659 | -€76,579 | -6.4% |
| Equity | 10/15 | €600,188 | €579,940 | -€20,249 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €581,588 | €561,340 | -€20,249 | -3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €579,728 | €559,480 | -€20,249 | -3.5% |
| Amounts payable | 17/49 | €599,049 | €542,719 | -€56,330 | -9.4% |
| Amounts payable after more than one year | 17 | €448,859 | €378,250 | -€70,610 | -15.7% |
| Financial debts | 170/4 | €448,859 | €378,250 | -€70,610 | -15.7% |
| Amounts payable within one year | 42/48 | €150,190 | €164,470 | +€14,280 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €104,748 | €105,610 | +€861 | +0.8% |
| Trade debts | 44 | €42,571 | €29,262 | -€13,309 | -31.3% |
| Suppliers | 440/4 | €42,571 | €29,262 | -€13,309 | -31.3% |
| Taxes, remuneration and social security | 45 | €2,871 | €4,382 | +€1,512 | +52.7% |
| Taxes | 450/3 | - | €2,376 | +€2,376 | |
| Remuneration and social security | 454/9 | €2,871 | €2,006 | -€864 | -30.1% |
| Other amounts payable | 47/48 | - | €25,216 | +€25,216 | |
| Non-recurring operating income | 76A | €31,800 | €114,285 | +€82,485 | +259% |
| Remuneration, social security and pensions | 62 | €70,970 | €67,236 | -€3,734 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,293 | €225,532 | -€24,761 | -9.9% |
| Other operating charges | 640/8 | €3,078 | €3,182 | +€104 | +3.4% |
| Non-recurring operating charges | 66A | - | €1,334 | +€1,334 | |
| Gross operating margin | 9900 | €216,426 | €312,790 | +€96,364 | +44.5% |
| Operating profit (loss) | 9901 | -€107,915 | €15,507 | +€123,422 | |
| Financial income | 75/76B | €10,550 | €1,648 | -€8,903 | -84.4% |
| Recurring financial income | 75 | €10,550 | €1,648 | -€8,903 | -84.4% |
| Financial charges | 65/66B | €6,552 | €11,288 | +€4,736 | +72.3% |
| Recurring financial charges | 65 | €6,552 | €11,288 | +€4,736 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | -€103,917 | €5,867 | +€109,783 | |
| Income taxes | 67/77 | €4,410 | -€428 | -€4,838 | |
| Profit (loss) for the period | 9904 | -€108,327 | €6,295 | +€114,622 | |
| Profit (loss) for the period to be appropriated | 9905 | -€108,327 | €6,295 | +€114,622 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.