RVDG: 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.
RVDG
Largest movements
- Cash +€29,003
up €29,003 (+216%), from €13,445 to €42,447
mainly Net result for the year (+€80,642) and Other debts (+€14,301)
- Deferred charges and accrued income -€9,633
down €9,633 (-22.7%), from €42,400 to €32,767
- Receivables within one year +€9,069
up €9,069 (+65.4%), from €13,877 to €22,946
of which Trade receivables: +€6,874
- Tangible fixed assets -€6,025
down €6,025 (-66.5%), from €9,055 to €3,030
of which Furniture and vehicles: -€5,221
- Other debts +€14,301
up €14,301 (+21.6%), from €66,341 to €80,642
- Tax, wage and social debts +€7,891
up €7,891 (+146%), from €5,397 to €13,288
of which Taxes: +€8,138
- Gross operating margin +€14,652
up €14,652 (+15.8%), from €92,482 to €107,134
- Financial charges +€3,390
up €3,390 (+187%), from €1,811 to €5,202
- Depreciation -€1,732
down €1,732 (-80.7%), from €2,146 to €413
- Other operating charges -€1,367
down €1,367 (-39.6%), from €3,449 to €2,083
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 | €78,776 | €101,190 | +€22,414 | +28.5% |
| Fixed assets | 21/28 | €9,055 | €3,030 | -€6,025 | -66.5% |
| Tangible fixed assets | 22/27 | €9,055 | €3,030 | -€6,025 | -66.5% |
| Plant, machinery and equipment | 23 | €804 | - | -€804 | |
| Furniture and vehicles | 24 | €8,251 | €3,030 | -€5,221 | -63.3% |
| Current assets | 29/58 | €69,721 | €98,160 | +€28,438 | +40.8% |
| Amounts receivable within one year | 40/41 | €13,877 | €22,946 | +€9,069 | +65.4% |
| Trade receivables | 40 | €13,460 | €20,334 | +€6,874 | +51.1% |
| Other amounts receivable | 41 | €417 | €2,612 | +€2,195 | +527% |
| Cash at bank and in hand | 54/58 | €13,445 | €42,447 | +€29,003 | +216% |
| Deferred charges and accrued income | 490/1 | €42,400 | €32,767 | -€9,633 | -22.7% |
| Total equity and liabilities | 10/49 | €78,776 | €101,190 | +€22,414 | +28.5% |
| Equity | 10/15 | €6,200 | €6,200 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Amounts payable | 17/49 | €72,576 | €94,990 | +€22,414 | +30.9% |
| Amounts payable within one year | 42/48 | €72,576 | €94,941 | +€22,365 | +30.8% |
| Trade debts | 44 | €838 | €1,012 | +€173 | +20.7% |
| Suppliers | 440/4 | €838 | €1,012 | +€173 | +20.7% |
| Taxes, remuneration and social security | 45 | €5,397 | €13,288 | +€7,891 | +146% |
| Taxes | 450/3 | €3,497 | €11,635 | +€8,138 | +233% |
| Remuneration and social security | 454/9 | €1,900 | €1,653 | -€247 | -13.0% |
| Other amounts payable | 47/48 | €66,341 | €80,642 | +€14,301 | +21.6% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €413 | -€1,732 | -80.7% |
| Other operating charges | 640/8 | €3,449 | €2,083 | -€1,367 | -39.6% |
| Gross operating margin | 9900 | €92,482 | €107,134 | +€14,652 | +15.8% |
| Operating profit (loss) | 9901 | €86,887 | €104,638 | +€17,751 | +20.4% |
| Financial income | 75/76B | €0 | €10 | +€10 | +9,000% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +9,000% |
| Financial charges | 65/66B | €1,811 | €5,202 | +€3,390 | +187% |
| Recurring financial charges | 65 | €1,811 | €5,202 | +€3,390 | +187% |
| Profit (loss) for the period before taxes | 9903 | €85,076 | €99,446 | +€14,371 | +16.9% |
| Income taxes | 67/77 | €19,583 | €18,805 | -€779 | -4.0% |
| Profit (loss) for the period | 9904 | €65,492 | €80,642 | +€15,149 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,492 | €80,642 | +€15,149 | +23.1% |
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 19 October 2026 via checked.be.