RD BELGIUM: what changed
What changed
RD BELGIUM
NACE 49.320, Non-scheduled passenger transport by road
filed annual accounts (NBB)
Net result for the year
-€1.6m
2023 · -€691,358-€937,829
Equity
-€4.8m
2023 · -€3.2m-€1.6m
Cash
€425,259
2023 · €337,788+€87,471
Balance sheet total
€5.3m
2023 · €5.8m-€585,389
Largest movements
Assets
- Tangible fixed assets -€401,039
down €401,039 (-8.5%), from €4.7m to €4.3m
of which Leasing and similar rights: -€530,231
- Receivables within one year -€219,771
down €219,771 (-45.4%), from €484,455 to €264,684
of which Trade receivables: -€196,885
- Cash +€87,471
up €87,471 (+25.9%), from €337,788 to €425,259
mainly Debts after one year (+€1.7m) and Depreciation (+€667,868)
- Deferred charges and accrued income -€66,556
down €66,556 (-49.8%), from €133,689 to €67,133
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+23.7%), from €7.1m to €8.8m
- Profit (loss) carried forward -€1.6m
down €1.6m (-48.6%), from -€3.4m to -€5.0m
- Trade debts -€919,813
down €919,813 (-74.2%), from €1.2m to €319,853
- Provisions +€245,000
up €245,000, from €0 to €245,000
- Tax, wage and social debts +€89,910
up €89,910 (+97.0%), from €92,652 to €182,562
of which Remuneration and social security: +€92,083
Income statement
- Staff costs +€492,247
up €492,247 (+37.1%), from €1.3m to €1.8m
- Provisions +€275,000
up €275,000, from -€30,000 to €245,000
- Financial charges +€128,828
up €128,828 (+62.0%), from €207,853 to €336,681
- Depreciation +€55,087
up €55,087 (+9.0%), from €612,782 to €667,868
- Other operating charges +€29,631
up €29,631 (+2,231%), from €1,328 to €30,958
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€691,358
Gross operating margin
+€27,904
Staff costs
-€492,247
Depreciation
-€55,087
Provisions
-€275,000
Other operating charges
-€29,631
Other operating items
+€14,297
Financial income
+€767
Financial charges
-€128,828
Taxes
-€4
Result 2024
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.3m
Investment
-€281,336
Financing
+€1.7m
Cash 2023
€337,788
From operations (derived)
-€1.3m
Net result for the year
-€1.6m
Depreciation
+€667,868
Receivables within one year
+€219,771
Deferred charges and accrued income
+€66,556
Provisions
+€245,000
Trade debts
-€919,813
Tax, wage and social debts
+€89,910
Accrued charges and deferred income
-€51,518
Investment (derived)
-€281,336
Investment in fixed assets (net)
-€281,336
Financing
+€1.7m
Debts after one year
+€1.7m
Current portion of long-term debt
+€2,885
Cash 2024
€425,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,838,594 | €5,253,205 | -€585,389 | -10.0% |
| Fixed assets | 21/28 | €4,882,662 | €4,496,129 | -€386,532 | -7.9% |
| Intangible fixed assets | 21 | €94,308 | €67,680 | -€26,628 | -28.2% |
| Tangible fixed assets | 22/27 | €4,729,609 | €4,328,570 | -€401,039 | -8.5% |
| Furniture and vehicles | 24 | €2,735 | €5,899 | +€3,165 | +116% |
| Leasing and similar rights | 25 | €4,077,940 | €3,547,709 | -€530,231 | -13.0% |
| Other tangible fixed assets | 26 | €648,935 | €774,961 | +€126,027 | +19.4% |
| Financial fixed assets | 28 | €58,745 | €99,880 | +€41,135 | +70.0% |
| Current assets | 29/58 | €955,932 | €757,076 | -€198,856 | -20.8% |
| Amounts receivable within one year | 40/41 | €484,455 | €264,684 | -€219,771 | -45.4% |
| Trade receivables | 40 | €442,585 | €245,701 | -€196,885 | -44.5% |
| Other amounts receivable | 41 | €41,870 | €18,983 | -€22,886 | -54.7% |
| Cash at bank and in hand | 54/58 | €337,788 | €425,259 | +€87,471 | +25.9% |
| Deferred charges and accrued income | 490/1 | €133,689 | €67,133 | -€66,556 | -49.8% |
| Total equity and liabilities | 10/49 | €5,838,594 | €5,253,205 | -€585,389 | -10.0% |
| Equity | 10/15 | -€3,155,194 | -€4,784,380 | -€1.6m | -51.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,355,194 | -€4,984,380 | -€1.6m | -48.6% |
| Provisions and deferred taxes | 16 | €0 | €245,000 | +€245,000 | |
| Provisions for liabilities and charges | 160/5 | €0 | €245,000 | +€245,000 | |
| Major repairs and maintenance | 162 | - | €200,000 | +€200,000 | |
| Other liabilities and charges | 164/5 | €0 | €45,000 | +€45,000 | |
| Amounts payable | 17/49 | €8,993,788 | €9,792,586 | +€798,798 | +8.9% |
| Amounts payable after more than one year | 17 | €7,079,043 | €8,756,377 | +€1.7m | +23.7% |
| Financial debts | 170/4 | €7,079,043 | €8,756,377 | +€1.7m | +23.7% |
| Amounts payable within one year | 42/48 | €1,852,499 | €1,025,481 | -€827,018 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €519,781 | €522,666 | +€2,885 | +0.6% |
| Trade debts | 44 | €1,239,666 | €319,853 | -€919,813 | -74.2% |
| Suppliers | 440/4 | €1,239,666 | €319,853 | -€919,813 | -74.2% |
| Taxes, remuneration and social security | 45 | €92,652 | €182,562 | +€89,910 | +97.0% |
| Taxes | 450/3 | €11,144 | €8,971 | -€2,173 | -19.5% |
| Remuneration and social security | 454/9 | €81,508 | €173,591 | +€92,083 | +113% |
| Other amounts payable | 47/48 | €400 | €400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €62,246 | €10,728 | -€51,518 | -82.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,325,377 | €1,817,625 | +€492,247 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612,782 | €667,868 | +€55,087 | +9.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | €245,000 | +€275,000 | |
| Other operating charges | 640/8 | €1,328 | €30,958 | +€29,631 | +2,231% |
| Non-recurring operating charges | 66A | €23,368 | €9,070 | -€14,297 | -61.2% |
| Gross operating margin | 9900 | €1,449,696 | €1,477,600 | +€27,904 | +1.9% |
| Operating profit (loss) | 9901 | -€483,159 | -€1,292,922 | -€809,763 | -168% |
| Financial income | 75/76B | €0 | €767 | +€767 | |
| Recurring financial income | 75 | €0 | €767 | +€767 | |
| Financial charges | 65/66B | €207,853 | €336,681 | +€128,828 | +62.0% |
| Recurring financial charges | 65 | €207,853 | €336,681 | +€128,828 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | -€691,012 | -€1,628,836 | -€937,824 | -136% |
| Income taxes | 67/77 | €346 | €350 | +€4 | +1.3% |
| Profit (loss) for the period | 9904 | -€691,358 | -€1,629,187 | -€937,829 | -136% |
| Profit (loss) for the period to be appropriated | 9905 | -€691,358 | -€1,629,187 | -€937,829 | -136% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.