RVD Group: 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.
RVD Group
Largest movements
- Cash +€37,473
up €37,473 (+131%), from €28,498 to €65,971
mainly Net result for the year (+€69,324) and Trade debts (+€41,485)
- Receivables within one year +€28,105
up €28,105 (+115%), from €24,513 to €52,618
of which Trade receivables: +€28,081
- Deferred charges and accrued income +€15,950
new in 2025: €15,950
- Tangible fixed assets +€7,967
up €7,967 (+52.3%), from €15,228 to €23,195
of which Other tangible fixed assets: +€4,261
- Profit (loss) carried forward +€69,324
up €69,324 (+90.1%), from -€76,977 to -€7,653
- Trade debts +€41,485
up €41,485 (+357%), from €11,614 to €53,098
- Debts after one year -€17,644
down €17,644 (-29.0%), from €60,822 to €43,177
of which Financial debts: -€10,360
- Current portion of long-term debt -€2,925
down €2,925 (-22.0%), from €13,286 to €10,360
- Gross operating margin +€29,657
up €29,657 (+31.6%), from €93,936 to €123,593
- Taxes +€10,712
up €10,712 (+39.1%), from €27,427 to €38,139
- Financial income -€6,902
down €6,902 (-100.0%), from €6,902 to €1
- Depreciation +€2,724
up €2,724 (+55.5%), from €4,909 to €7,633
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 | €68,389 | €157,883 | +€89,495 | +131% |
| Fixed assets | 21/28 | €15,377 | €23,344 | +€7,967 | +51.8% |
| Tangible fixed assets | 22/27 | €15,228 | €23,195 | +€7,967 | +52.3% |
| Plant, machinery and equipment | 23 | €7,445 | €10,098 | +€2,653 | +35.6% |
| Furniture and vehicles | 24 | €1,464 | €2,517 | +€1,053 | +71.9% |
| Other tangible fixed assets | 26 | €6,319 | €10,580 | +€4,261 | +67.4% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €53,011 | €134,539 | +€81,528 | +154% |
| Amounts receivable within one year | 40/41 | €24,513 | €52,618 | +€28,105 | +115% |
| Trade receivables | 40 | €24,456 | €52,537 | +€28,081 | +115% |
| Other amounts receivable | 41 | €57 | €81 | +€24 | +41.0% |
| Cash at bank and in hand | 54/58 | €28,498 | €65,971 | +€37,473 | +131% |
| Deferred charges and accrued income | 490/1 | - | €15,950 | +€15,950 | |
| Total equity and liabilities | 10/49 | €68,389 | €157,883 | +€89,495 | +131% |
| Equity | 10/15 | -€58,377 | €10,947 | +€69,324 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,977 | -€7,653 | +€69,324 | +90.1% |
| Amounts payable | 17/49 | €126,765 | €146,936 | +€20,171 | +15.9% |
| Amounts payable after more than one year | 17 | €60,822 | €43,177 | -€17,644 | -29.0% |
| Financial debts | 170/4 | €24,070 | €13,709 | -€10,360 | -43.0% |
| Other amounts payable | 178/9 | €36,752 | €29,468 | -€7,284 | -19.8% |
| Amounts payable within one year | 42/48 | €65,944 | €103,759 | +€37,815 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €13,286 | €10,360 | -€2,925 | -22.0% |
| Trade debts | 44 | €11,614 | €53,098 | +€41,485 | +357% |
| Suppliers | 440/4 | €11,614 | €53,098 | +€41,485 | +357% |
| Taxes, remuneration and social security | 45 | €41,045 | €40,301 | -€744 | -1.8% |
| Taxes | 450/3 | €41,045 | €40,301 | -€744 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,909 | €7,633 | +€2,724 | +55.5% |
| Other operating charges | 640/8 | €1,059 | €1,146 | +€86 | +8.1% |
| Gross operating margin | 9900 | €93,936 | €123,593 | +€29,657 | +31.6% |
| Operating profit (loss) | 9901 | €87,967 | €114,814 | +€26,846 | +30.5% |
| Financial income | 75/76B | €6,902 | €1 | -€6,902 | -100.0% |
| Recurring financial income | 75 | €6,902 | €1 | -€6,902 | -100.0% |
| Financial charges | 65/66B | €7,095 | €7,352 | +€257 | +3.6% |
| Recurring financial charges | 65 | €7,095 | €7,352 | +€257 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €87,775 | €107,462 | +€19,688 | +22.4% |
| Income taxes | 67/77 | €27,427 | €38,139 | +€10,712 | +39.1% |
| Profit (loss) for the period | 9904 | €60,348 | €69,324 | +€8,976 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,348 | €69,324 | +€8,976 | +14.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.