RD Engineering: 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 Engineering
Largest movements
- Tangible fixed assets +€194,714
up €194,714 (+351.5%), from €55,403 to €250,117
of which Land and buildings: +€167,288
- Receivables after one year +€87,944
new in 2025: €87,944
- Receivables within one year +€30,462
up €30,462 (+161.2%), from €18,897 to €49,359
of which Other amounts receivable: +€35,544
- Debts after one year +€163,558
up €163,558 (+878.9%), from €18,609 to €182,167
- Reserves +€99,894
up €99,894 (+158.6%), from €62,997 to €162,891
- Other debts +€25,438
new in 2025: €25,438
- Current portion of long-term debt +€17,442
up €17,442 (+144.9%), from €12,037 to €29,479
- Tax, wage and social debts +€10,626
up €10,626 (+52.0%), from €20,424 to €31,050
- Gross operating margin +€96,274
up €96,274 (+132.1%), from €72,879 to €169,153
- Taxes +€18,285
up €18,285 (+102.9%), from €17,765 to €36,050
- Depreciation +€5,881
up €5,881 (+25.9%), from €22,702 to €28,583
- Financial charges +€3,849
up €3,849 (+252.6%), from €1,524 to €5,372
- Financial income +€2,026
up €2,026 (+591.2%), from €343 to €2,369
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 | €119,583 | €435,707 | +€316,124 | +264.4% |
| Fixed assets | 21/28 | €55,403 | €250,117 | +€194,714 | +351.5% |
| Tangible fixed assets | 22/27 | €55,403 | €250,117 | +€194,714 | +351.5% |
| Land and buildings | 22 | - | €167,288 | +€167,288 | |
| Plant, machinery and equipment | 23 | €7,192 | €6,537 | -€656 | -9.1% |
| Furniture and vehicles | 24 | €48,210 | €76,293 | +€28,083 | +58.2% |
| Current assets | 29/58 | €64,180 | €185,590 | +€121,410 | +189.2% |
| Amounts receivable after more than one year | 29 | - | €87,944 | +€87,944 | |
| Other amounts receivable | 291 | - | €87,944 | +€87,944 | |
| Amounts receivable within one year | 40/41 | €18,897 | €49,359 | +€30,462 | +161.2% |
| Trade receivables | 40 | €13,249 | €8,168 | -€5,082 | -38.4% |
| Other amounts receivable | 41 | €5,648 | €41,191 | +€35,544 | +629.4% |
| Cash at bank and in hand | 54/58 | €45,283 | €47,291 | +€2,008 | +4.4% |
| Deferred charges and accrued income | 490/1 | - | €995 | +€995 | |
| Total equity and liabilities | 10/49 | €119,583 | €435,707 | +€316,124 | +264.4% |
| Equity | 10/15 | €65,997 | €165,891 | +€99,894 | +151.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,997 | €162,891 | +€99,894 | +158.6% |
| Distributable reserves | 133 | €62,997 | €162,891 | +€99,894 | +158.6% |
| Amounts payable | 17/49 | €53,586 | €269,816 | +€216,230 | +403.5% |
| Amounts payable after more than one year | 17 | €18,609 | €182,167 | +€163,558 | +878.9% |
| Financial debts | 170/4 | €18,609 | €182,167 | +€163,558 | +878.9% |
| Amounts payable within one year | 42/48 | €34,977 | €87,649 | +€52,672 | +150.6% |
| Current portion of amounts payable after more than one year | 42 | €12,037 | €29,479 | +€17,442 | +144.9% |
| Trade debts | 44 | €2,516 | €1,682 | -€834 | -33.1% |
| Suppliers | 440/4 | €2,516 | €1,682 | -€834 | -33.1% |
| Taxes, remuneration and social security | 45 | €20,424 | €31,050 | +€10,626 | +52.0% |
| Taxes | 450/3 | €20,424 | €31,050 | +€10,626 | +52.0% |
| Other amounts payable | 47/48 | - | €25,438 | +€25,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,702 | €28,583 | +€5,881 | +25.9% |
| Other operating charges | 640/8 | €1,333 | €1,623 | +€290 | +21.8% |
| Gross operating margin | 9900 | €72,879 | €169,153 | +€96,274 | +132.1% |
| Operating profit (loss) | 9901 | €48,844 | €138,948 | +€90,104 | +184.5% |
| Financial income | 75/76B | €343 | €2,369 | +€2,026 | +591.2% |
| Recurring financial income | 75 | €343 | €2,369 | +€2,026 | +591.2% |
| Financial charges | 65/66B | €1,524 | €5,372 | +€3,849 | +252.6% |
| Recurring financial charges | 65 | €1,524 | €5,372 | +€3,849 | +252.6% |
| Profit (loss) for the period before taxes | 9903 | €47,663 | €135,944 | +€88,281 | +185.2% |
| Income taxes | 67/77 | €17,765 | €36,050 | +€18,285 | +102.9% |
| Profit (loss) for the period | 9904 | €29,898 | €99,894 | +€69,996 | +234.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,898 | €99,894 | +€69,996 | +234.1% |
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 12 October 2026 via checked.be.