RDL: what changed
RDL
Largest movements
- Tangible fixed assets +€281,683
up €281,683 (+40,518%), from €695 to €282,379
of which Land and buildings: +€281,933
- Cash +€8,639
up €8,639 (+32.2%), from €26,849 to €35,489
mainly Debts after one year (+€241,433) and Net result for the year (+€20,571)
- Receivables within one year -€7,948
down €7,948 (-93.8%), from €8,470 to €522
of which Trade receivables: -€8,470
- Debts after one year +€241,433
new in 2025: €241,433
- Reserves +€20,571
up €20,571 (+105%), from €19,541 to €40,112
- Other debts +€11,531
up €11,531 (+761%), from €1,515 to €13,047
- Current portion of long-term debt +€7,865
new in 2025: €7,865
- Gross operating margin +€12,178
up €12,178 (+63.8%), from €19,093 to €31,272
- Taxes +€3,011
up €3,011 (+74.4%), from €4,049 to €7,059
- Financial charges +€1,853
up €1,853 (+172%), from €1,080 to €2,933
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,015 | €318,389 | +€282,375 | +784% |
| Fixed assets | 21/28 | €695 | €282,379 | +€281,683 | +40,518% |
| Tangible fixed assets | 22/27 | €695 | €282,379 | +€281,683 | +40,518% |
| Land and buildings | 22 | - | €281,933 | +€281,933 | |
| Furniture and vehicles | 24 | €695 | €445 | -€250 | -36.0% |
| Current assets | 29/58 | €35,319 | €36,011 | +€691 | +2.0% |
| Amounts receivable within one year | 40/41 | €8,470 | €522 | -€7,948 | -93.8% |
| Trade receivables | 40 | €8,470 | - | -€8,470 | |
| Other amounts receivable | 41 | - | €522 | +€522 | |
| Cash at bank and in hand | 54/58 | €26,849 | €35,489 | +€8,639 | +32.2% |
| Total equity and liabilities | 10/49 | €36,015 | €318,389 | +€282,375 | +784% |
| Equity | 10/15 | €21,041 | €41,612 | +€20,571 | +97.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €19,541 | €40,112 | +€20,571 | +105% |
| Distributable reserves | 133 | €19,541 | €40,112 | +€20,571 | +105% |
| Amounts payable | 17/49 | €14,974 | €276,778 | +€261,803 | +1,748% |
| Amounts payable after more than one year | 17 | - | €241,433 | +€241,433 | |
| Financial debts | 170/4 | - | €241,433 | +€241,433 | |
| Amounts payable within one year | 42/48 | €14,974 | €35,345 | +€20,370 | +136% |
| Current portion of amounts payable after more than one year | 42 | - | €7,865 | +€7,865 | |
| Financial debts | 43 | - | €2,530 | +€2,530 | |
| Credit institutions | 430/8 | - | €2,530 | +€2,530 | |
| Trade debts | 44 | €70 | €132 | +€62 | +88.0% |
| Suppliers | 440/4 | €70 | €132 | +€62 | +88.0% |
| Taxes, remuneration and social security | 45 | €13,388 | €11,771 | -€1,618 | -12.1% |
| Taxes | 450/3 | €13,388 | €11,771 | -€1,618 | -12.1% |
| Other amounts payable | 47/48 | €1,515 | €13,047 | +€11,531 | +761% |
| Non-recurring operating income | 76A | €884 | - | -€884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Other operating charges | 640/8 | €903 | €729 | -€174 | -19.3% |
| Gross operating margin | 9900 | €19,093 | €31,272 | +€12,178 | +63.8% |
| Operating profit (loss) | 9901 | €17,940 | €30,293 | +€12,353 | +68.9% |
| Financial income | 75/76B | €76 | €271 | +€195 | +258% |
| Recurring financial income | 75 | €76 | €271 | +€195 | +258% |
| Financial charges | 65/66B | €1,080 | €2,933 | +€1,853 | +172% |
| Recurring financial charges | 65 | €1,080 | €2,933 | +€1,853 | +172% |
| Profit (loss) for the period before taxes | 9903 | €16,936 | €27,631 | +€10,695 | +63.2% |
| Income taxes | 67/77 | €4,049 | €7,059 | +€3,011 | +74.4% |
| Profit (loss) for the period | 9904 | €12,887 | €20,571 | +€7,684 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,887 | €20,571 | +€7,684 | +59.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.