RVDD: 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.
What changed
RVDD
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€62,459
2024 · -€1,685-€60,774
Equity
€274,916
2024 · €343,127-€68,212
Cash
€11,604
2024 · €29,940-€18,336
Balance sheet total
€2.3m
2024 · €2.3m-€82,600
Largest movements
Assets
- Tangible fixed assets -€54,758
down €54,758 (-2.4%), from €2.3m to €2.2m
Equity and liabilities
- Profit (loss) carried forward -€58,277
down €58,277 (-33.5%), from -€174,047 to -€232,324
Income statement
- Gross operating margin -€66,184
down €66,184 (-60.3%), from €109,826 to €43,642
- Financial charges -€5,227
down €5,227 (-12.1%), from €43,098 to €37,871
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.
Result 2024
-€1,685
Gross operating margin
-€66,184
Other operating charges
+€234
Financial income
-€52
Financial charges
+€5,227
Result 2025
-€62,459
raises the resultlowers the result
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.
From operations
+€2,595
Investment
-€15,900
Financing
-€5,030
Cash 2024
€29,940
From operations (derived)
+€2,595
Net result for the year
-€62,459
Depreciation
+€70,658
Receivables within one year
+€9,673
Smaller working-capital items
-€43
Provisions
-€3,311
Trade debts
-€8,610
Accrued charges and deferred income
-€3,313
Investment (derived)
-€15,900
Investment in fixed assets (net)
-€15,900
Financing
-€5,030
Debts after one year
-€1,812
Current portion of long-term debt
+€2,535
Contributions, distributions and other
-€5,753
Cash 2025
€11,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,343,636 | €2,261,036 | -€82,600 | -3.5% |
| Fixed assets | 21/28 | €2,302,802 | €2,248,044 | -€54,758 | -2.4% |
| Tangible fixed assets | 22/27 | €2,301,113 | €2,246,355 | -€54,758 | -2.4% |
| Land and buildings | 22 | €2,301,113 | €2,246,355 | -€54,758 | -2.4% |
| Financial fixed assets | 28 | €1,689 | €1,689 | = | 0.0% |
| Current assets | 29/58 | €40,834 | €12,992 | -€27,842 | -68.2% |
| Amounts receivable within one year | 40/41 | €10,865 | €1,192 | -€9,673 | -89.0% |
| Trade receivables | 40 | €10,837 | €1,145 | -€9,692 | -89.4% |
| Other amounts receivable | 41 | €28 | €47 | +€19 | +70.3% |
| Cash at bank and in hand | 54/58 | €29,940 | €11,604 | -€18,336 | -61.2% |
| Deferred charges and accrued income | 490/1 | €30 | €196 | +€166 | +553% |
| Total equity and liabilities | 10/49 | €2,343,636 | €2,261,036 | -€82,600 | -3.5% |
| Equity | 10/15 | €343,127 | €274,916 | -€68,212 | -19.9% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €66,644 | €62,462 | -€4,182 | -6.3% |
| Non-distributable reserves | 130/1 | €8,483 | €8,483 | = | 0.0% |
| Legal reserve | 130 | €8,483 | €8,483 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,161 | €53,980 | -€4,182 | -7.2% |
| Profit (loss) carried forward | 14 | -€174,047 | -€232,324 | -€58,277 | -33.5% |
| Investment grants | 15 | €128,269 | €122,516 | -€5,753 | -4.5% |
| Provisions and deferred taxes | 16 | €62,146 | €58,835 | -€3,311 | -5.3% |
| Deferred taxes | 168 | €62,146 | €58,835 | -€3,311 | -5.3% |
| Amounts payable | 17/49 | €1,938,363 | €1,927,286 | -€11,077 | -0.6% |
| Amounts payable after more than one year | 17 | €1,813,660 | €1,811,848 | -€1,812 | -0.1% |
| Financial debts | 170/4 | €964,959 | €880,562 | -€84,397 | -8.7% |
| Other amounts payable | 178/9 | €848,701 | €931,286 | +€82,585 | +9.7% |
| Amounts payable within one year | 42/48 | €111,798 | €105,846 | -€5,952 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €81,862 | €84,397 | +€2,535 | +3.1% |
| Trade debts | 44 | €29,430 | €20,821 | -€8,610 | -29.3% |
| Suppliers | 440/4 | €29,430 | €20,821 | -€8,610 | -29.3% |
| Taxes, remuneration and social security | 45 | €505 | €628 | +€123 | +24.4% |
| Taxes | 450/3 | €505 | €628 | +€123 | +24.4% |
| Accrued charges and deferred income | 492/3 | €12,905 | €9,592 | -€3,313 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,658 | €70,658 | = | 0.0% |
| Other operating charges | 640/8 | €6,941 | €6,706 | -€234 | -3.4% |
| Gross operating margin | 9900 | €109,826 | €43,642 | -€66,184 | -60.3% |
| Operating profit (loss) | 9901 | €32,227 | -€33,722 | -€65,949 | |
| Financial income | 75/76B | €5,875 | €5,823 | -€52 | -0.9% |
| Recurring financial income | 75 | €5,875 | €5,823 | -€52 | -0.9% |
| Financial charges | 65/66B | €43,098 | €37,871 | -€5,227 | -12.1% |
| Recurring financial charges | 65 | €43,098 | €37,871 | -€5,227 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,996 | -€65,770 | -€60,774 | -1,217% |
| Transfer from deferred taxes | 780 | €3,311 | €3,311 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,685 | -€62,459 | -€60,774 | -3,607% |
| Transfer from tax-exempt reserves | 789 | €4,182 | €4,182 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,497 | -€58,277 | -€60,774 |
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 14 October 2026 via checked.be.