RD SERVICES: 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 SERVICES
Largest movements
- Cash +€101,601
up €101,601 (+31.8%), from €319,144 to €420,744
mainly Net result for the year (+€69,841) and Receivables within one year (+€26,248)
- Receivables within one year -€26,248
down €26,248 (-50.3%), from €52,156 to €25,907
- Reserves +€69,841
up €69,841 (+21.5%), from €325,424 to €395,264
of which Distributable reserves: +€69,841
- Other debts +€9,457
up €9,457 (+9.5%), from €99,965 to €109,422
- Tax, wage and social debts -€6,060
down €6,060 (-20.7%), from €29,211 to €23,151
- Gross operating margin -€15,728
down €15,728 (-13.1%), from €120,467 to €104,739
- Taxes -€5,591
down €5,591 (-17.1%), from €32,738 to €27,147
- Depreciation +€1,573
up €1,573 (+22.1%), from €7,114 to €8,687
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 | €454,772 | €528,969 | +€74,197 | +16.3% |
| Fixed assets | 21/28 | €27,205 | €24,897 | -€2,308 | -8.5% |
| Tangible fixed assets | 22/27 | €19,550 | €17,417 | -€2,133 | -10.9% |
| Plant, machinery and equipment | 23 | €2,666 | €7,044 | +€4,379 | +164.3% |
| Furniture and vehicles | 24 | €9,096 | €4,450 | -€4,646 | -51.1% |
| Other tangible fixed assets | 26 | €7,789 | €5,923 | -€1,866 | -24.0% |
| Financial fixed assets | 28 | €7,655 | €7,480 | -€175 | -2.3% |
| Current assets | 29/58 | €427,567 | €504,072 | +€76,506 | +17.9% |
| Amounts receivable within one year | 40/41 | €52,156 | €25,907 | -€26,248 | -50.3% |
| Trade receivables | 40 | €52,156 | €25,907 | -€26,248 | -50.3% |
| Current investments | 50/53 | €54,639 | €54,639 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €319,144 | €420,744 | +€101,601 | +31.8% |
| Deferred charges and accrued income | 490/1 | €1,628 | €2,781 | +€1,153 | +70.8% |
| Total equity and liabilities | 10/49 | €454,772 | €528,969 | +€74,197 | +16.3% |
| Equity | 10/15 | €325,424 | €395,264 | +€69,841 | +21.5% |
| Reserves | 13 | €325,424 | €395,264 | +€69,841 | +21.5% |
| Tax-exempt reserves | 132 | €201 | €201 | = | 0.0% |
| Distributable reserves | 133 | €325,222 | €395,063 | +€69,841 | +21.5% |
| Amounts payable | 17/49 | €129,348 | €133,705 | +€4,357 | +3.4% |
| Amounts payable within one year | 42/48 | €129,348 | €133,705 | +€4,357 | +3.4% |
| Trade debts | 44 | €172 | €1,132 | +€960 | +556.5% |
| Suppliers | 440/4 | €172 | €1,132 | +€960 | +556.5% |
| Taxes, remuneration and social security | 45 | €29,211 | €23,151 | -€6,060 | -20.7% |
| Taxes | 450/3 | €29,211 | €23,151 | -€6,060 | -20.7% |
| Other amounts payable | 47/48 | €99,965 | €109,422 | +€9,457 | +9.5% |
| Remuneration, social security and pensions | 62 | -€11 | - | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,114 | €8,687 | +€1,573 | +22.1% |
| Other operating charges | 640/8 | €968 | €597 | -€371 | -38.3% |
| Gross operating margin | 9900 | €120,467 | €104,739 | -€15,728 | -13.1% |
| Operating profit (loss) | 9901 | €112,396 | €95,455 | -€16,941 | -15.1% |
| Financial income | 75/76B | €1,724 | €1,715 | -€9 | -0.5% |
| Recurring financial income | 75 | €1,724 | €1,715 | -€9 | -0.5% |
| Financial charges | 65/66B | €260 | €183 | -€77 | -29.7% |
| Recurring financial charges | 65 | €260 | €183 | -€77 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €113,861 | €96,987 | -€16,873 | -14.8% |
| Income taxes | 67/77 | €32,738 | €27,147 | -€5,591 | -17.1% |
| Profit (loss) for the period | 9904 | €81,123 | €69,841 | -€11,282 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,123 | €69,841 | -€11,282 | -13.9% |
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 10 October 2026 via checked.be.