RVDO: 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.
RVDO
Largest movements
- Cash +€48,905
up €48,905 (+125.3%), from €39,020 to €87,925
mainly Net result for the year (+€51,625) and Depreciation (+€9,568)
- Tangible fixed assets -€4,355
down €4,355 (-13.1%), from €33,298 to €28,943
- Reserves +€51,600
up €51,600 (+90.6%), from €56,959 to €108,559
- Current portion of long-term debt -€5,585
no longer reported in 2025 (was €5,585)
- Other debts -€3,480
down €3,480 (-14.6%), from €23,779 to €20,300
- Gross operating margin -€13,252
down €13,252 (-54.6%), from €24,256 to €11,004
- Other operating charges -€7,695
down €7,695 (-84.3%), from €9,127 to €1,431
- Depreciation +€3,120
up €3,120 (+48.4%), from €6,448 to €9,568
- Taxes -€2,534
down €2,534 (-27.3%), from €9,274 to €6,740
- Financial charges -€809
down €809 (-39.0%), from €2,073 to €1,265
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 | €190,644 | €235,129 | +€44,485 | +23.3% |
| Fixed assets | 21/28 | €68,262 | €63,907 | -€4,355 | -6.4% |
| Tangible fixed assets | 22/27 | €33,298 | €28,943 | -€4,355 | -13.1% |
| Furniture and vehicles | 24 | €33,298 | €28,943 | -€4,355 | -13.1% |
| Financial fixed assets | 28 | €34,964 | €34,964 | = | 0.0% |
| Current assets | 29/58 | €122,382 | €171,222 | +€48,840 | +39.9% |
| Amounts receivable within one year | 40/41 | €21,514 | €21,660 | +€146 | +0.7% |
| Trade receivables | 40 | €21,514 | €21,660 | +€146 | +0.7% |
| Cash at bank and in hand | 54/58 | €39,020 | €87,925 | +€48,905 | +125.3% |
| Deferred charges and accrued income | 490/1 | €61,848 | €61,637 | -€211 | -0.3% |
| Total equity and liabilities | 10/49 | €190,644 | €235,129 | +€44,485 | +23.3% |
| Equity | 10/15 | €138,509 | €190,134 | +€51,625 | +37.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,959 | €108,559 | +€51,600 | +90.6% |
| Distributable reserves | 133 | €56,959 | €108,559 | +€51,600 | +90.6% |
| Profit (loss) carried forward | 14 | €79,550 | €79,575 | +€25 | 0.0% |
| Amounts payable | 17/49 | €52,135 | €44,996 | -€7,139 | -13.7% |
| Amounts payable within one year | 42/48 | €50,377 | €42,159 | -€8,217 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €5,585 | - | -€5,585 | |
| Trade debts | 44 | €3,847 | €4,044 | +€198 | +5.1% |
| Suppliers | 440/4 | €3,847 | €4,044 | +€198 | +5.1% |
| Taxes, remuneration and social security | 45 | €17,166 | €17,815 | +€649 | +3.8% |
| Taxes | 450/3 | €15,100 | €13,200 | -€1,901 | -12.6% |
| Remuneration and social security | 454/9 | €2,065 | €4,615 | +€2,550 | +123.5% |
| Other amounts payable | 47/48 | €23,779 | €20,300 | -€3,480 | -14.6% |
| Accrued charges and deferred income | 492/3 | €1,758 | €2,836 | +€1,078 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,448 | €9,568 | +€3,120 | +48.4% |
| Other operating charges | 640/8 | €9,127 | €1,431 | -€7,695 | -84.3% |
| Gross operating margin | 9900 | €24,256 | €11,004 | -€13,252 | -54.6% |
| Operating profit (loss) | 9901 | €8,681 | €5 | -€8,676 | -99.9% |
| Financial income | 75/76B | €59,625 | €59,625 | -€0 | 0.0% |
| Recurring financial income | 75 | €59,625 | €59,625 | -€0 | 0.0% |
| Financial charges | 65/66B | €2,073 | €1,265 | -€809 | -39.0% |
| Recurring financial charges | 65 | €2,073 | €1,265 | -€809 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €66,233 | €58,365 | -€7,868 | -11.9% |
| Income taxes | 67/77 | €9,274 | €6,740 | -€2,534 | -27.3% |
| Profit (loss) for the period | 9904 | €56,959 | €51,625 | -€5,334 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,959 | €51,625 | -€5,334 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.