RSVDB: 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.
RSVDB
Largest movements
- Tangible fixed assets -€11,813
down €11,813 (-4.2%), from €279,395 to €267,583
- Receivables within one year -€9,682
down €9,682 (-95.8%), from €10,109 to €427
of which Other amounts receivable: -€8,741
- Financial fixed assets -€4,350
no longer reported in 2025 (was €4,350)
- Profit (loss) carried forward -€16,120
down €16,120 (-38.7%), from -€41,682 to -€57,802
- Debts after one year -€14,919
down €14,919 (-5.0%), from €296,044 to €281,126
- Current portion of long-term debt +€6,544
up €6,544 (+34.4%), from €19,051 to €25,595
- Trade debts +€4,145
new in 2025: €4,145
- Gross operating margin -€27,785
down €27,785 (-91.1%), from €30,505 to €2,720
- Financial charges -€8,540
down €8,540 (-71.7%), from €11,916 to €3,376
- Financial income -€2,701
no longer reported in 2025 (was €2,701)
- Other operating charges +€413
up €413 (+12.7%), from €3,239 to €3,652
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 | €293,854 | €268,204 | -€25,650 | -8.7% |
| Fixed assets | 21/28 | €283,745 | €267,583 | -€16,163 | -5.7% |
| Tangible fixed assets | 22/27 | €279,395 | €267,583 | -€11,813 | -4.2% |
| Land and buildings | 22 | €279,395 | €267,583 | -€11,813 | -4.2% |
| Financial fixed assets | 28 | €4,350 | - | -€4,350 | |
| Current assets | 29/58 | €10,109 | €622 | -€9,488 | -93.9% |
| Amounts receivable within one year | 40/41 | €10,109 | €427 | -€9,682 | -95.8% |
| Trade receivables | 40 | €1,304 | €363 | -€941 | -72.2% |
| Other amounts receivable | 41 | €8,805 | €64 | -€8,741 | -99.3% |
| Cash at bank and in hand | 54/58 | - | €194 | +€194 | |
| Total equity and liabilities | 10/49 | €293,854 | €268,204 | -€25,650 | -8.7% |
| Equity | 10/15 | -€31,682 | -€47,802 | -€16,120 | -50.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,682 | -€57,802 | -€16,120 | -38.7% |
| Amounts payable | 17/49 | €325,536 | €316,006 | -€9,530 | -2.9% |
| Amounts payable after more than one year | 17 | €296,044 | €281,126 | -€14,919 | -5.0% |
| Financial debts | 170/4 | €296,044 | €281,126 | -€14,919 | -5.0% |
| Amounts payable within one year | 42/48 | €28,276 | €34,881 | +€6,605 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €19,051 | €25,595 | +€6,544 | +34.4% |
| Financial debts | 43 | €2,210 | - | -€2,210 | |
| Credit institutions | 430/8 | €2,210 | - | -€2,210 | |
| Trade debts | 44 | - | €4,145 | +€4,145 | |
| Suppliers | 440/4 | - | €4,145 | +€4,145 | |
| Advances received on contracts in progress | 46 | €696 | €696 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,750 | €1,875 | -€1,875 | -50.0% |
| Taxes | 450/3 | €3,750 | €1,875 | -€1,875 | -50.0% |
| Other amounts payable | 47/48 | €2,570 | €2,570 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,216 | - | -€1,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,813 | €11,813 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,239 | €3,652 | +€413 | +12.7% |
| Gross operating margin | 9900 | €30,505 | €2,720 | -€27,785 | -91.1% |
| Operating profit (loss) | 9901 | €15,453 | -€12,744 | -€28,197 | |
| Financial income | 75/76B | €2,701 | - | -€2,701 | |
| Recurring financial income | 75 | €2,701 | - | -€2,701 | |
| Financial charges | 65/66B | €11,916 | €3,376 | -€8,540 | -71.7% |
| Recurring financial charges | 65 | €11,916 | €3,376 | -€8,540 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €6,238 | -€16,120 | -€22,358 | |
| Profit (loss) for the period | 9904 | €6,238 | -€16,120 | -€22,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,238 | -€16,120 | -€22,358 |
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 6 October 2026 via checked.be.