RVDP: 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.
RVDP
Largest movements
- Cash -€54,752
down €54,752 (-28.1%), from €194,652 to €139,901
mainly Debts after one year (-€74,980) and Investment in fixed assets (net) (-€49,133)
- Receivables within one year +€44,177
up €44,177 (+48.0%), from €92,050 to €136,227
of which Other amounts receivable: +€73,644
- Current investments +€22,500
up €22,500 (+138.2%), from €16,280 to €38,780
- Reserves +€106,421
up €106,421 (+42.8%), from €248,776 to €355,197
- Debts after one year -€74,980
down €74,980 (-11.6%), from €644,216 to €569,236
- Tax, wage and social debts -€21,755
down €21,755 (-74.8%), from €29,079 to €7,324
- Financial income -€43,950
down €43,950 (-45.5%), from €96,602 to €52,652
- Gross operating margin -€31,199
down €31,199 (-16.7%), from €187,033 to €155,833
- Taxes -€14,028
down €14,028 (-33.2%), from €42,234 to €28,205
- Depreciation +€1,978
up €1,978 (+3.6%), from €54,220 to €56,198
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 | €1,340,453 | €1,346,689 | +€6,236 | +0.5% |
| Fixed assets | 21/28 | €1,036,420 | €1,029,355 | -€7,065 | -0.7% |
| Tangible fixed assets | 22/27 | €1,024,374 | €1,021,249 | -€3,125 | -0.3% |
| Land and buildings | 22 | €1,015,212 | €1,011,648 | -€3,564 | -0.4% |
| Plant, machinery and equipment | 23 | €956 | €2,767 | +€1,812 | +189.6% |
| Furniture and vehicles | 24 | €8,207 | €4,634 | -€3,573 | -43.5% |
| Other tangible fixed assets | 26 | - | €2,200 | +€2,200 | |
| Financial fixed assets | 28 | €12,046 | €8,106 | -€3,940 | -32.7% |
| Current assets | 29/58 | €304,033 | €317,333 | +€13,301 | +4.4% |
| Amounts receivable within one year | 40/41 | €92,050 | €136,227 | +€44,177 | +48.0% |
| Trade receivables | 40 | €45,218 | €15,751 | -€29,467 | -65.2% |
| Other amounts receivable | 41 | €46,832 | €120,476 | +€73,644 | +157.3% |
| Current investments | 50/53 | €16,280 | €38,780 | +€22,500 | +138.2% |
| Cash at bank and in hand | 54/58 | €194,652 | €139,901 | -€54,752 | -28.1% |
| Deferred charges and accrued income | 490/1 | €1,050 | €2,426 | +€1,375 | +130.9% |
| Total equity and liabilities | 10/49 | €1,340,453 | €1,346,689 | +€6,236 | +0.5% |
| Equity | 10/15 | €574,307 | €680,728 | +€106,421 | +18.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €248,776 | €355,197 | +€106,421 | +42.8% |
| Distributable reserves | 133 | €248,776 | €355,197 | +€106,421 | +42.8% |
| Profit (loss) carried forward | 14 | €310,531 | €310,531 | = | 0.0% |
| Amounts payable | 17/49 | €766,146 | €665,961 | -€100,186 | -13.1% |
| Amounts payable after more than one year | 17 | €644,216 | €569,236 | -€74,980 | -11.6% |
| Financial debts | 170/4 | €644,216 | €569,236 | -€74,980 | -11.6% |
| Amounts payable within one year | 42/48 | €117,847 | €95,516 | -€22,331 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €73,239 | €73,281 | +€41 | +0.1% |
| Trade debts | 44 | €15,529 | €14,911 | -€617 | -4.0% |
| Suppliers | 440/4 | €15,529 | €14,911 | -€617 | -4.0% |
| Taxes, remuneration and social security | 45 | €29,079 | €7,324 | -€21,755 | -74.8% |
| Taxes | 450/3 | €29,079 | €7,324 | -€21,755 | -74.8% |
| Accrued charges and deferred income | 492/3 | €4,084 | €1,209 | -€2,875 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,220 | €56,198 | +€1,978 | +3.6% |
| Other operating charges | 640/8 | €7,825 | €8,002 | +€178 | +2.3% |
| Gross operating margin | 9900 | €187,033 | €155,833 | -€31,199 | -16.7% |
| Operating profit (loss) | 9901 | €124,988 | €91,633 | -€33,355 | -26.7% |
| Financial income | 75/76B | €96,602 | €52,652 | -€43,950 | -45.5% |
| Recurring financial income | 75 | €96,602 | €52,652 | -€43,950 | -45.5% |
| Financial charges | 65/66B | €11,283 | €9,658 | -€1,625 | -14.4% |
| Recurring financial charges | 65 | €11,283 | €9,658 | -€1,625 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €210,307 | €134,627 | -€75,680 | -36.0% |
| Income taxes | 67/77 | €42,234 | €28,205 | -€14,028 | -33.2% |
| Profit (loss) for the period | 9904 | €168,073 | €106,421 | -€61,652 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €168,073 | €106,421 | -€61,652 | -36.7% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.