RLDN CONSULT: 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.
RLDN CONSULT
Largest movements
- Tangible fixed assets -€17,682
down €17,682 (-6.8%), from €260,593 to €242,910
of which Assets under construction and advance payments: -€69,031
- Cash +€3,422
up €3,422 (+501%), from €683 to €4,105
mainly Depreciation (+€17,682) and Net result for the year (+€1,841)
- Debts after one year -€12,806
down €12,806 (-5.2%), from €248,453 to €235,647
of which Financial debts: -€12,067
- Gross operating margin +€8,010
up €8,010 (+35.5%), from €22,578 to €30,589
- Depreciation +€6,791
up €6,791 (+62.3%), from €10,892 to €17,682
- Other operating charges +€517
up €517 (+27.6%), from €1,874 to €2,391
- Taxes -€396
down €396 (-22.5%), from €1,757 to €1,361
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 | €272,984 | €260,557 | -€12,426 | -4.6% |
| Fixed assets | 21/28 | €260,593 | €242,910 | -€17,682 | -6.8% |
| Tangible fixed assets | 22/27 | €260,593 | €242,910 | -€17,682 | -6.8% |
| Land and buildings | 22 | €191,562 | €242,910 | +€51,348 | +26.8% |
| Assets under construction and advance payments | 27 | €69,031 | - | -€69,031 | |
| Current assets | 29/58 | €12,391 | €17,647 | +€5,256 | +42.4% |
| Amounts receivable within one year | 40/41 | €10,515 | €12,659 | +€2,144 | +20.4% |
| Trade receivables | 40 | €9,785 | €11,596 | +€1,810 | +18.5% |
| Other amounts receivable | 41 | €730 | €1,064 | +€334 | +45.8% |
| Cash at bank and in hand | 54/58 | €683 | €4,105 | +€3,422 | +501% |
| Deferred charges and accrued income | 490/1 | €1,193 | €883 | -€310 | -26.0% |
| Total equity and liabilities | 10/49 | €272,984 | €260,557 | -€12,426 | -4.6% |
| Equity | 10/15 | €1,500 | €1,675 | +€175 | +11.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €175 | +€175 | |
| Amounts payable | 17/49 | €271,484 | €258,882 | -€12,601 | -4.6% |
| Amounts payable after more than one year | 17 | €248,453 | €235,647 | -€12,806 | -5.2% |
| Financial debts | 170/4 | €200,964 | €188,898 | -€12,067 | -6.0% |
| Other amounts payable | 178/9 | €47,489 | €46,749 | -€740 | -1.6% |
| Amounts payable within one year | 42/48 | €23,030 | €23,235 | +€205 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €11,658 | €12,067 | +€408 | +3.5% |
| Financial debts | 43 | €960 | €195 | -€765 | -79.7% |
| Credit institutions | 430/8 | €960 | €195 | -€765 | -79.7% |
| Trade debts | 44 | €1,382 | €1,097 | -€285 | -20.6% |
| Suppliers | 440/4 | €1,382 | €1,097 | -€285 | -20.6% |
| Taxes, remuneration and social security | 45 | €3,781 | €4,797 | +€1,016 | +26.9% |
| Taxes | 450/3 | €3,781 | €4,797 | +€1,016 | +26.9% |
| Other amounts payable | 47/48 | €5,249 | €5,080 | -€169 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,892 | €17,682 | +€6,791 | +62.3% |
| Other operating charges | 640/8 | €1,874 | €2,391 | +€517 | +27.6% |
| Gross operating margin | 9900 | €22,578 | €30,589 | +€8,010 | +35.5% |
| Operating profit (loss) | 9901 | €9,813 | €10,515 | +€703 | +7.2% |
| Financial charges | 65/66B | €7,187 | €7,313 | +€127 | +1.8% |
| Recurring financial charges | 65 | €7,187 | €7,313 | +€127 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €2,626 | €3,202 | +€576 | +21.9% |
| Income taxes | 67/77 | €1,757 | €1,361 | -€396 | -22.5% |
| Profit (loss) for the period | 9904 | €870 | €1,841 | +€971 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €870 | €1,841 | +€971 | +112% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.