RLDZ: 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.
RLDZ
Largest movements
- Cash +€127,137
up €127,137 (+138%), from €92,007 to €219,144
mainly Net result for the year (+€70,881) and Receivables within one year (+€51,864)
- Receivables within one year -€51,864
down €51,864 (-56.2%), from €92,235 to €40,371
of which Trade receivables: -€40,629
- Tangible fixed assets -€6,595
down €6,595 (-63.6%), from €10,372 to €3,777
of which Plant, machinery and equipment: -€4,554
- Stocks and contracts +€5,757
new in 2025: €5,757
- Profit (loss) carried forward +€36,369
up €36,369, from -€36,369 to €0
- Reserves +€33,812
up €33,812 (+7.6%), from €447,173 to €480,985
- Other debts -€7,146
down €7,146 (-91.1%), from €7,846 to €700
- Trade debts +€6,908
up €6,908 (+7,647%), from €90 to €6,998
- Short-term financial debts +€5,046
new in 2025: €5,046
- Gross operating margin +€110,994
up €110,994, from -€32,785 to €78,209
- Taxes +€9,762
up €9,762 (+3,162%), from €309 to €10,071
- Financial income +€7,583
up €7,583 (+89.8%), from €8,448 to €16,031
- Financial charges +€6,860
up €6,860, from -€803 to €6,057
- Depreciation -€5,271
down €5,271 (-44.4%), from €11,866 to €6,595
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 | €430,000 | €502,216 | +€72,216 | +16.8% |
| Fixed assets | 21/28 | €10,372 | €3,777 | -€6,595 | -63.6% |
| Tangible fixed assets | 22/27 | €10,372 | €3,777 | -€6,595 | -63.6% |
| Plant, machinery and equipment | 23 | €4,554 | €0 | -€4,554 | -100% |
| Furniture and vehicles | 24 | €2,843 | €1,259 | -€1,584 | -55.7% |
| Other tangible fixed assets | 26 | €2,975 | €2,517 | -€458 | -15.4% |
| Current assets | 29/58 | €419,628 | €498,440 | +€78,812 | +18.8% |
| Stocks and contracts in progress | 3 | - | €5,757 | +€5,757 | |
| Stocks | 30/36 | - | €5,757 | +€5,757 | |
| Amounts receivable within one year | 40/41 | €92,235 | €40,371 | -€51,864 | -56.2% |
| Trade receivables | 40 | €42,092 | €1,463 | -€40,629 | -96.5% |
| Other amounts receivable | 41 | €50,143 | €38,908 | -€11,235 | -22.4% |
| Current investments | 50/53 | €231,675 | €231,675 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,007 | €219,144 | +€127,137 | +138% |
| Deferred charges and accrued income | 490/1 | €3,711 | €1,493 | -€2,218 | -59.8% |
| Total equity and liabilities | 10/49 | €430,000 | €502,216 | +€72,216 | +16.8% |
| Equity | 10/15 | €415,804 | €485,985 | +€70,181 | +16.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €447,173 | €480,985 | +€33,812 | +7.6% |
| Distributable reserves | 133 | €447,173 | €480,985 | +€33,812 | +7.6% |
| Profit (loss) carried forward | 14 | -€36,369 | €0 | +€36,369 | |
| Amounts payable | 17/49 | €14,196 | €16,232 | +€2,036 | +14.3% |
| Amounts payable within one year | 42/48 | €9,737 | €16,232 | +€6,495 | +66.7% |
| Financial debts | 43 | - | €5,046 | +€5,046 | |
| Credit institutions | 430/8 | - | €5,046 | +€5,046 | |
| Trade debts | 44 | €90 | €6,998 | +€6,908 | +7,647% |
| Suppliers | 440/4 | €90 | €6,998 | +€6,908 | +7,647% |
| Taxes, remuneration and social security | 45 | €1,800 | €3,487 | +€1,687 | +93.7% |
| Taxes | 450/3 | €1,800 | €3,487 | +€1,687 | +93.7% |
| Other amounts payable | 47/48 | €7,846 | €700 | -€7,146 | -91.1% |
| Accrued charges and deferred income | 492/3 | €4,460 | €0 | -€4,460 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,866 | €6,595 | -€5,271 | -44.4% |
| Other operating charges | 640/8 | €660 | €636 | -€24 | -3.6% |
| Gross operating margin | 9900 | -€32,785 | €78,209 | +€110,994 | |
| Operating profit (loss) | 9901 | -€45,311 | €70,978 | +€116,289 | |
| Financial income | 75/76B | €8,448 | €16,031 | +€7,583 | +89.8% |
| Recurring financial income | 75 | €8,448 | €16,031 | +€7,583 | +89.8% |
| Financial charges | 65/66B | -€803 | €6,057 | +€6,860 | |
| Recurring financial charges | 65 | -€803 | €6,057 | +€6,860 | |
| Profit (loss) for the period before taxes | 9903 | -€36,061 | €80,952 | +€117,012 | |
| Income taxes | 67/77 | €309 | €10,071 | +€9,762 | +3,162% |
| Profit (loss) for the period | 9904 | -€36,369 | €70,881 | +€107,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,369 | €70,881 | +€107,250 |
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 21 October 2026 via checked.be.