RVD: 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.
RVD
Largest movements
- Cash +€20,788
up €20,788 (+472.4%), from €4,400 to €25,188
mainly Net result for the year (+€13,335) and Other debts (+€11,334)
- Receivables within one year -€3,853
down €3,853 (-49.1%), from €7,849 to €3,996
of which Trade receivables: -€4,186
- Tangible fixed assets +€3,437
up €3,437 (+188.7%), from €1,822 to €5,259
of which Other tangible fixed assets: +€4,263
- Profit (loss) carried forward +€13,335
up €13,335 (+24.1%), from -€55,346 to -€42,010
- Other debts +€11,334
up €11,334 (+20.3%), from €55,862 to €67,196
- Trade debts -€7,360
down €7,360 (-79.1%), from €9,306 to €1,946
- Tax, wage and social debts +€3,381
up €3,381 (+177.9%), from €1,900 to €5,281
- Gross operating margin +€37,121
up €37,121, from -€20,563 to €16,559
- Other operating charges +€230
up €230 (+14.0%), from €1,647 to €1,877
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 | €16,722 | €37,411 | +€20,689 | +123.7% |
| Fixed assets | 21/28 | €1,822 | €5,459 | +€3,637 | +199.6% |
| Tangible fixed assets | 22/27 | €1,822 | €5,259 | +€3,437 | +188.7% |
| Plant, machinery and equipment | 23 | €569 | €226 | -€343 | -60.2% |
| Furniture and vehicles | 24 | €1,253 | €770 | -€483 | -38.5% |
| Other tangible fixed assets | 26 | - | €4,263 | +€4,263 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €14,900 | €31,952 | +€17,052 | +114.4% |
| Amounts receivable within one year | 40/41 | €7,849 | €3,996 | -€3,853 | -49.1% |
| Trade receivables | 40 | €4,458 | €272 | -€4,186 | -93.9% |
| Other amounts receivable | 41 | €3,391 | €3,724 | +€332 | +9.8% |
| Cash at bank and in hand | 54/58 | €4,400 | €25,188 | +€20,788 | +472.4% |
| Deferred charges and accrued income | 490/1 | €2,651 | €2,769 | +€118 | +4.5% |
| Total equity and liabilities | 10/49 | €16,722 | €37,411 | +€20,689 | +123.7% |
| Equity | 10/15 | -€50,346 | -€37,010 | +€13,335 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,346 | -€42,010 | +€13,335 | +24.1% |
| Amounts payable | 17/49 | €67,068 | €74,422 | +€7,354 | +11.0% |
| Amounts payable within one year | 42/48 | €67,068 | €74,422 | +€7,354 | +11.0% |
| Trade debts | 44 | €9,306 | €1,946 | -€7,360 | -79.1% |
| Suppliers | 440/4 | €9,306 | €1,946 | -€7,360 | -79.1% |
| Taxes, remuneration and social security | 45 | €1,900 | €5,281 | +€3,381 | +177.9% |
| Taxes | 450/3 | €1,900 | €5,281 | +€3,381 | +177.9% |
| Other amounts payable | 47/48 | €55,862 | €67,196 | +€11,334 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €824 | €908 | +€83 | +10.1% |
| Other operating charges | 640/8 | €1,647 | €1,877 | +€230 | +14.0% |
| Non-recurring operating charges | 66A | €152 | - | -€152 | |
| Gross operating margin | 9900 | -€20,563 | €16,559 | +€37,121 | |
| Operating profit (loss) | 9901 | -€23,186 | €13,774 | +€36,960 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €297 | €183 | -€114 | -38.5% |
| Recurring financial charges | 65 | €297 | €183 | -€114 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,482 | €13,592 | +€37,074 | |
| Income taxes | 67/77 | €236 | €257 | +€21 | +8.8% |
| Profit (loss) for the period | 9904 | -€23,718 | €13,335 | +€37,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,718 | €13,335 | +€37,053 |
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 4 October 2026 via checked.be.