RVLD: 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.
RVLD
Largest movements
- Stocks and contracts +€15,360
new in 2025: €15,360
- Cash +€4,049
up €4,049 (+17.7%), from €22,811 to €26,860
mainly Net result for the year (+€20,270) and Other debts (+€1,255)
- Reserves +€20,500
up €20,500 (+95.3%), from €21,500 to €42,000
- Tax, wage and social debts -€2,549
no longer reported in 2025 (was €2,549)
- Other debts +€1,255
up €1,255 (+45.8%), from €2,739 to €3,994
- Gross operating margin +€1,515
up €1,515 (+5.8%), from €26,048 to €27,563
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 | €30,166 | €49,566 | +€19,401 | +64.3% |
| Fixed assets | 21/28 | €964 | €590 | -€374 | -38.8% |
| Tangible fixed assets | 22/27 | €964 | €590 | -€374 | -38.8% |
| Furniture and vehicles | 24 | €964 | €590 | -€374 | -38.8% |
| Current assets | 29/58 | €29,202 | €48,977 | +€19,775 | +67.7% |
| Stocks and contracts in progress | 3 | - | €15,360 | +€15,360 | |
| Stocks | 30/36 | - | €15,360 | +€15,360 | |
| Amounts receivable within one year | 40/41 | €5,926 | €6,274 | +€348 | +5.9% |
| Trade receivables | 40 | €5,808 | €5,808 | = | 0.0% |
| Other amounts receivable | 41 | €118 | €466 | +€348 | +293.8% |
| Cash at bank and in hand | 54/58 | €22,811 | €26,860 | +€4,049 | +17.7% |
| Deferred charges and accrued income | 490/1 | €465 | €483 | +€19 | +4.0% |
| Total equity and liabilities | 10/49 | €30,166 | €49,566 | +€19,401 | +64.3% |
| Equity | 10/15 | €24,819 | €45,089 | +€20,270 | +81.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,500 | €42,000 | +€20,500 | +95.3% |
| Distributable reserves | 133 | €21,500 | €42,000 | +€20,500 | +95.3% |
| Profit (loss) carried forward | 14 | €319 | €89 | -€230 | -72.2% |
| Amounts payable | 17/49 | €5,347 | €4,478 | -€869 | -16.3% |
| Amounts payable within one year | 42/48 | €5,347 | €4,478 | -€869 | -16.3% |
| Trade debts | 44 | €58 | €483 | +€425 | +732.0% |
| Suppliers | 440/4 | €58 | €483 | +€425 | +732.0% |
| Taxes, remuneration and social security | 45 | €2,549 | - | -€2,549 | |
| Taxes | 450/3 | €2,549 | - | -€2,549 | |
| Other amounts payable | 47/48 | €2,739 | €3,994 | +€1,255 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €374 | +€216 | +136.1% |
| Other operating charges | 640/8 | €1,493 | €1,520 | +€28 | +1.9% |
| Gross operating margin | 9900 | €26,048 | €27,563 | +€1,515 | +5.8% |
| Operating profit (loss) | 9901 | €24,397 | €25,669 | +€1,272 | +5.2% |
| Financial charges | 65/66B | €49 | €60 | +€11 | +22.2% |
| Recurring financial charges | 65 | €49 | €60 | +€11 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €24,348 | €25,609 | +€1,261 | +5.2% |
| Income taxes | 67/77 | €5,082 | €5,339 | +€257 | +5.1% |
| Profit (loss) for the period | 9904 | €19,266 | €20,270 | +€1,003 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,266 | €20,270 | +€1,003 | +5.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.