RSDV: 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.
RSDV
Largest movements
- Receivables within one year -€13,573
down €13,573 (-96.9%), from €14,005 to €433
of which Trade receivables: -€12,721
- Cash +€5,279
up €5,279 (+17.2%), from €30,751 to €36,030
mainly Receivables within one year (+€13,573) and Depreciation (+€4,455)
- Profit (loss) carried forward -€3,517
down €3,517 (-7.2%), from €48,912 to €45,395
- Tax, wage and social debts -€1,837
down €1,837 (-22.1%), from €8,317 to €6,480
- Trade debts -€1,435
down €1,435 (-44.3%), from €3,236 to €1,801
- Accrued charges and deferred income -€934
down €934 (-97.2%), from €961 to €26
- Gross operating margin +€15,031
up €15,031, from -€10,097 to €4,934
- Depreciation +€1,792
up €1,792 (+67.3%), from €2,663 to €4,455
- Other operating charges -€1,529
down €1,529 (-50.2%), from €3,047 to €1,518
- Financial charges -€420
down €420 (-15.5%), from €2,712 to €2,292
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 | €67,628 | €59,471 | -€8,157 | -12.1% |
| Fixed assets | 21/28 | €18,423 | €18,714 | +€291 | +1.6% |
| Tangible fixed assets | 22/27 | €18,423 | €18,714 | +€291 | +1.6% |
| Furniture and vehicles | 24 | €1,912 | €4,533 | +€2,621 | +137.1% |
| Other tangible fixed assets | 26 | €16,512 | €14,181 | -€2,330 | -14.1% |
| Current assets | 29/58 | €49,205 | €40,757 | -€8,448 | -17.2% |
| Amounts receivable within one year | 40/41 | €14,005 | €433 | -€13,573 | -96.9% |
| Trade receivables | 40 | €12,721 | €0 | -€12,721 | -100.0% |
| Other amounts receivable | 41 | €1,284 | €433 | -€851 | -66.3% |
| Cash at bank and in hand | 54/58 | €30,751 | €36,030 | +€5,279 | +17.2% |
| Deferred charges and accrued income | 490/1 | €4,449 | €4,294 | -€154 | -3.5% |
| Total equity and liabilities | 10/49 | €67,628 | €59,471 | -€8,157 | -12.1% |
| Equity | 10/15 | €53,912 | €50,395 | -€3,517 | -6.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,912 | €45,395 | -€3,517 | -7.2% |
| Amounts payable | 17/49 | €13,716 | €9,076 | -€4,640 | -33.8% |
| Amounts payable within one year | 42/48 | €12,756 | €9,050 | -€3,706 | -29.1% |
| Trade debts | 44 | €3,236 | €1,801 | -€1,435 | -44.3% |
| Suppliers | 440/4 | €3,236 | €1,801 | -€1,435 | -44.3% |
| Taxes, remuneration and social security | 45 | €8,317 | €6,480 | -€1,837 | -22.1% |
| Taxes | 450/3 | €8,317 | €6,480 | -€1,837 | -22.1% |
| Other amounts payable | 47/48 | €1,203 | €768 | -€435 | -36.1% |
| Accrued charges and deferred income | 492/3 | €961 | €26 | -€934 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,663 | €4,455 | +€1,792 | +67.3% |
| Other operating charges | 640/8 | €3,047 | €1,518 | -€1,529 | -50.2% |
| Gross operating margin | 9900 | -€10,097 | €4,934 | +€15,031 | |
| Operating profit (loss) | 9901 | -€15,806 | -€1,039 | +€14,768 | +93.4% |
| Financial income | 75/76B | €50 | €110 | +€61 | +122.0% |
| Recurring financial income | 75 | €50 | €110 | +€61 | +122.0% |
| Financial charges | 65/66B | €2,712 | €2,292 | -€420 | -15.5% |
| Recurring financial charges | 65 | €2,712 | €2,292 | -€420 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,469 | -€3,220 | +€15,249 | +82.6% |
| Income taxes | 67/77 | €330 | €297 | -€33 | -10.1% |
| Profit (loss) for the period | 9904 | -€18,799 | -€3,517 | +€15,282 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,799 | -€3,517 | +€15,282 | +81.3% |
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 28 September 2026 via checked.be.