R.D.S. SECURITY: 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.
R.D.S. SECURITY
Largest movements
- Financial fixed assets -€1,505
down €1,505 (-100%), from €1,505 to €0
- Receivables within one year +€878
up €878 (+3.2%), from €27,349 to €28,227
of which Other amounts receivable: +€1,445
- Tangible fixed assets -€703
down €703 (-24.2%), from €2,907 to €2,204
- Deferred charges and accrued income -€480
down €480 (-100%), from €480 to €0
- Stocks and contracts -€474
down €474 (-28.8%), from €1,647 to €1,173
- Other debts +€11,870
up €11,870 (+372%), from €3,190 to €15,060
- Tax, wage and social debts -€10,799
down €10,799 (-94.6%), from €11,415 to €616
of which Remuneration and social security: -€10,881
- Profit (loss) carried forward +€5,208
up €5,208 (+42.7%), from -€12,206 to -€6,998
- Current portion of long-term debt -€5,083
down €5,083 (-73.9%), from €6,882 to €1,799
- Trade debts -€2,494
down €2,494 (-33.6%), from €7,422 to €4,928
- Gross operating margin -€9,833
down €9,833 (-49.5%), from €19,881 to €10,048
- Financial charges +€6,738
up €6,738 (+290%), from €2,323 to €9,061
of which Non-recurring financial charges: +€7,237
- Financial income +€6,654
up €6,654 (+28,100%), from €24 to €6,678
of which Non-recurring financial income: +€6,671
- Other operating charges +€911
up €911 (+130%), from €702 to €1,613
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 | €35,855 | €33,403 | -€2,451 | -6.8% |
| Fixed assets | 21/28 | €4,412 | €2,204 | -€2,208 | -50.0% |
| Tangible fixed assets | 22/27 | €2,907 | €2,204 | -€703 | -24.2% |
| Furniture and vehicles | 24 | €2,907 | €2,204 | -€703 | -24.2% |
| Financial fixed assets | 28 | €1,505 | €0 | -€1,505 | -100% |
| Current assets | 29/58 | €31,443 | €31,199 | -€243 | -0.8% |
| Stocks and contracts in progress | 3 | €1,647 | €1,173 | -€474 | -28.8% |
| Stocks | 30/36 | €1,647 | €1,173 | -€474 | -28.8% |
| Amounts receivable within one year | 40/41 | €27,349 | €28,227 | +€878 | +3.2% |
| Trade receivables | 40 | €25,402 | €24,836 | -€566 | -2.2% |
| Other amounts receivable | 41 | €1,946 | €3,391 | +€1,445 | +74.2% |
| Cash at bank and in hand | 54/58 | €1,967 | €1,800 | -€167 | -8.5% |
| Deferred charges and accrued income | 490/1 | €480 | €0 | -€480 | -100% |
| Total equity and liabilities | 10/49 | €35,855 | €33,403 | -€2,451 | -6.8% |
| Equity | 10/15 | €5,147 | €10,354 | +€5,208 | +101% |
| Contributions | 10/11 | €15,493 | €17,353 | +€1,860 | +12.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | -€12,206 | -€6,998 | +€5,208 | +42.7% |
| Amounts payable | 17/49 | €30,708 | €23,049 | -€7,659 | -24.9% |
| Amounts payable after more than one year | 17 | €1,799 | €0 | -€1,799 | -100% |
| Financial debts | 170/4 | €1,799 | €0 | -€1,799 | -100% |
| Amounts payable within one year | 42/48 | €28,909 | €22,403 | -€6,506 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €6,882 | €1,799 | -€5,083 | -73.9% |
| Trade debts | 44 | €7,422 | €4,928 | -€2,494 | -33.6% |
| Suppliers | 440/4 | €7,422 | €4,928 | -€2,494 | -33.6% |
| Taxes, remuneration and social security | 45 | €11,415 | €616 | -€10,799 | -94.6% |
| Taxes | 450/3 | €534 | €616 | +€82 | +15.3% |
| Remuneration and social security | 454/9 | €10,881 | €0 | -€10,881 | -100% |
| Other amounts payable | 47/48 | €3,190 | €15,060 | +€11,870 | +372% |
| Accrued charges and deferred income | 492/3 | - | €646 | +€646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €703 | +€94 | +15.5% |
| Other operating charges | 640/8 | €702 | €1,613 | +€911 | +130% |
| Gross operating margin | 9900 | €19,881 | €10,048 | -€9,833 | -49.5% |
| Operating profit (loss) | 9901 | €18,569 | €7,732 | -€10,838 | -58.4% |
| Financial income | 75/76B | €24 | €6,678 | +€6,654 | +28,100% |
| Recurring financial income | 75 | €24 | €7 | -€17 | -71.7% |
| Non-recurring financial income | 76B | - | €6,671 | +€6,671 | |
| Financial charges | 65/66B | €2,323 | €9,061 | +€6,738 | +290% |
| Recurring financial charges | 65 | €2,323 | €1,825 | -€498 | -21.4% |
| Non-recurring financial charges | 66B | - | €7,237 | +€7,237 | |
| Profit (loss) for the period before taxes | 9903 | €16,270 | €5,348 | -€10,922 | -67.1% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €16,270 | €5,208 | -€11,063 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,270 | €5,208 | -€11,063 | -68.0% |
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 22 October 2026 via checked.be.