RNDL: 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.
RNDL
Largest movements
- Receivables after one year -€106,304
down €106,304 (-91.0%), from €116,793 to €10,489
- Current investments +€61,460
up €61,460 (+46.6%), from €131,871 to €193,331
- Receivables within one year +€8,710
up €8,710 (+8.0%), from €109,454 to €118,164
of which Other amounts receivable: +€5,433
- Tangible fixed assets -€7,549
down €7,549 (-23.7%), from €31,866 to €24,317
- Reserves -€95,220
down €95,220 (-27.9%), from €341,268 to €246,048
- Other debts +€61,216
up €61,216 (+306.7%), from €19,960 to €81,176
- Debts after one year -€6,936
down €6,936 (-29.7%), from €23,387 to €16,451
- Gross operating margin -€11,216
down €11,216, from €10,754 to -€463
- Financial income -€4,227
down €4,227 (-76.2%), from €5,551 to €1,323
- Taxes -€1,887
down €1,887 (-88.7%), from €2,128 to €241
- Depreciation +€1,648
up €1,648 (+27.9%), from €5,901 to €7,549
- Financial charges +€136
up €136 (+11.8%), from €1,151 to €1,288
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.
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 | €405,496 | €364,909 | -€40,586 | -10.0% |
| Fixed assets | 21/28 | €45,283 | €37,734 | -€7,549 | -16.7% |
| Tangible fixed assets | 22/27 | €31,866 | €24,317 | -€7,549 | -23.7% |
| Furniture and vehicles | 24 | €31,866 | €24,317 | -€7,549 | -23.7% |
| Financial fixed assets | 28 | €13,417 | €13,417 | = | 0.0% |
| Current assets | 29/58 | €360,213 | €327,175 | -€33,038 | -9.2% |
| Amounts receivable after more than one year | 29 | €116,793 | €10,489 | -€106,304 | -91.0% |
| Other amounts receivable | 291 | €116,793 | €10,489 | -€106,304 | -91.0% |
| Amounts receivable within one year | 40/41 | €109,454 | €118,164 | +€8,710 | +8.0% |
| Trade receivables | 40 | €28,061 | €31,338 | +€3,277 | +11.7% |
| Other amounts receivable | 41 | €81,394 | €86,826 | +€5,433 | +6.7% |
| Current investments | 50/53 | €131,871 | €193,331 | +€61,460 | +46.6% |
| Cash at bank and in hand | 54/58 | €527 | €4,460 | +€3,933 | +745.9% |
| Deferred charges and accrued income | 490/1 | €1,567 | €730 | -€837 | -53.4% |
| Total equity and liabilities | 10/49 | €405,496 | €364,909 | -€40,586 | -10.0% |
| Equity | 10/15 | €347,468 | €252,248 | -€95,220 | -27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €341,268 | €246,048 | -€95,220 | -27.9% |
| Distributable reserves | 133 | €341,268 | €246,048 | -€95,220 | -27.9% |
| Amounts payable | 17/49 | €58,028 | €112,662 | +€54,634 | +94.2% |
| Amounts payable after more than one year | 17 | €23,387 | €16,451 | -€6,936 | -29.7% |
| Financial debts | 170/4 | €23,387 | €16,451 | -€6,936 | -29.7% |
| Amounts payable within one year | 42/48 | €34,640 | €96,211 | +€61,570 | +177.7% |
| Current portion of amounts payable after more than one year | 42 | €6,716 | €6,936 | +€220 | +3.3% |
| Trade debts | 44 | €3,958 | €171 | -€3,788 | -95.7% |
| Suppliers | 440/4 | €3,958 | €171 | -€3,788 | -95.7% |
| Taxes, remuneration and social security | 45 | €4,006 | €7,928 | +€3,922 | +97.9% |
| Taxes | 450/3 | €4,006 | €7,928 | +€3,922 | +97.9% |
| Other amounts payable | 47/48 | €19,960 | €81,176 | +€61,216 | +306.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,901 | €7,549 | +€1,648 | +27.9% |
| Other operating charges | 640/8 | €636 | €543 | -€92 | -14.5% |
| Gross operating margin | 9900 | €10,754 | -€463 | -€11,216 | |
| Operating profit (loss) | 9901 | €4,217 | -€8,555 | -€12,772 | |
| Financial income | 75/76B | €5,551 | €1,323 | -€4,227 | -76.2% |
| Recurring financial income | 75 | €5,551 | €1,323 | -€4,227 | -76.2% |
| Financial charges | 65/66B | €1,151 | €1,288 | +€136 | +11.8% |
| Recurring financial charges | 65 | €1,151 | €1,288 | +€136 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €8,617 | -€8,519 | -€17,136 | |
| Income taxes | 67/77 | €2,128 | €241 | -€1,887 | -88.7% |
| Profit (loss) for the period | 9904 | €6,489 | -€8,760 | -€15,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,489 | -€8,760 | -€15,249 |
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 10 October 2026 via checked.be.