RD CARRELAGES: 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.
RD CARRELAGES
Largest movements
- Receivables within one year +€17,193
up €17,193 (+39.8%), from €43,229 to €60,422
of which Trade receivables: +€9,378
- Tangible fixed assets -€9,303
down €9,303 (-43.2%), from €21,526 to €12,223
of which Furniture and vehicles: -€9,160
- Financial fixed assets +€4,500
new in 2025: €4,500
- Reserves +€9,771
up €9,771 (+28.1%), from €34,731 to €44,502
of which Distributable reserves: +€9,771
- Debts after one year -€9,275
down €9,275 (-74.9%), from €12,390 to €3,115
- Tax, wage and social debts +€7,525
up €7,525 (+307%), from €2,453 to €9,978
of which Remuneration and social security: +€6,854
- Other debts +€6,476
up €6,476 (+31.6%), from €20,466 to €26,942
- Trade debts -€2,077
down €2,077 (-25.3%), from €8,224 to €6,147
- Gross operating margin -€82,272
down €82,272 (-50.6%), from €162,673 to €80,401
- Staff costs -€41,047
down €41,047 (-40.2%), from €102,097 to €61,050
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 | €110,016 | €122,390 | +€12,373 | +11.2% |
| Fixed assets | 21/28 | €21,526 | €16,723 | -€4,803 | -22.3% |
| Tangible fixed assets | 22/27 | €21,526 | €12,223 | -€9,303 | -43.2% |
| Plant, machinery and equipment | 23 | €320 | €177 | -€143 | -44.6% |
| Furniture and vehicles | 24 | €21,206 | €12,046 | -€9,160 | -43.2% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €88,490 | €105,666 | +€17,176 | +19.4% |
| Amounts receivable within one year | 40/41 | €43,229 | €60,422 | +€17,193 | +39.8% |
| Trade receivables | 40 | €15,349 | €24,727 | +€9,378 | +61.1% |
| Other amounts receivable | 41 | €27,880 | €35,695 | +€7,815 | +28.0% |
| Cash at bank and in hand | 54/58 | €43,528 | €42,863 | -€664 | -1.5% |
| Deferred charges and accrued income | 490/1 | €1,734 | €2,381 | +€647 | +37.3% |
| Total equity and liabilities | 10/49 | €110,016 | €122,390 | +€12,373 | +11.2% |
| Equity | 10/15 | €56,539 | €66,310 | +€9,771 | +17.3% |
| Contributions | 10/11 | €21,808 | €21,808 | = | 0.0% |
| Reserves | 13 | €34,731 | €44,502 | +€9,771 | +28.1% |
| Non-distributable reserves | 130/1 | €1,089 | €1,089 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,089 | €1,089 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,030 | €30,030 | = | 0.0% |
| Distributable reserves | 133 | €3,611 | €13,383 | +€9,771 | +271% |
| Provisions and deferred taxes | 16 | €776 | €623 | -€153 | -19.7% |
| Provisions for liabilities and charges | 160/5 | €776 | €623 | -€153 | -19.7% |
| Pensions and similar obligations | 160 | €776 | €623 | -€153 | -19.7% |
| Amounts payable | 17/49 | €52,702 | €55,456 | +€2,755 | +5.2% |
| Amounts payable after more than one year | 17 | €12,390 | €3,115 | -€9,275 | -74.9% |
| Financial debts | 170/4 | €12,390 | €3,115 | -€9,275 | -74.9% |
| Amounts payable within one year | 42/48 | €40,312 | €52,341 | +€12,030 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €9,169 | €9,275 | +€106 | +1.2% |
| Trade debts | 44 | €8,224 | €6,147 | -€2,077 | -25.3% |
| Suppliers | 440/4 | €8,224 | €6,147 | -€2,077 | -25.3% |
| Taxes, remuneration and social security | 45 | €2,453 | €9,978 | +€7,525 | +307% |
| Taxes | 450/3 | €197 | €867 | +€670 | +341% |
| Remuneration and social security | 454/9 | €2,256 | €9,111 | +€6,854 | +304% |
| Other amounts payable | 47/48 | €20,466 | €26,942 | +€6,476 | +31.6% |
| Remuneration, social security and pensions | 62 | €102,097 | €61,050 | -€41,047 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,303 | €9,303 | = | 0.0% |
| Other operating charges | 640/8 | €478 | €416 | -€62 | -12.9% |
| Non-recurring operating charges | 66A | €7 | €0 | -€7 | -99.7% |
| Gross operating margin | 9900 | €162,673 | €80,401 | -€82,272 | -50.6% |
| Operating profit (loss) | 9901 | €50,788 | €9,632 | -€41,156 | -81.0% |
| Financial income | 75/76B | €1,930 | €1,478 | -€451 | -23.4% |
| Recurring financial income | 75 | €1,930 | €1,478 | -€451 | -23.4% |
| Financial charges | 65/66B | €444 | €362 | -€82 | -18.5% |
| Recurring financial charges | 65 | €444 | €362 | -€82 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €52,274 | €10,749 | -€41,526 | -79.4% |
| Income taxes | 67/77 | €94 | €977 | +€884 | +944% |
| Profit (loss) for the period | 9904 | €52,181 | €9,771 | -€42,409 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,181 | €9,771 | -€42,409 | -81.3% |
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 21 October 2026 via checked.be.