RD Trans: 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 Trans
Largest movements
- Tangible fixed assets -€33,439
down €33,439 (-17.9%), from €186,675 to €153,236
of which Furniture and vehicles: -€31,147
- Cash +€19,538
up €19,538 (+33.3%), from €58,630 to €78,168
mainly Depreciation (+€33,439) and Debts after one year (+€25,400)
- Other debts -€65,194
down €65,194 (-59.6%), from €109,297 to €44,102
- Debts after one year +€25,400
up €25,400 (+22.0%), from €115,333 to €140,733
of which Other amounts payable: +€60,000
- Reserves +€14,010
up €14,010 (+415.1%), from €3,375 to €17,386
- Tax, wage and social debts +€6,150
up €6,150 (+150.5%), from €4,087 to €10,237
of which Taxes: +€8,176
- Trade debts +€5,218
up €5,218 (+144.8%), from €3,602 to €8,820
- Gross operating margin +€17,839
up €17,839 (+45.1%), from €39,590 to €57,429
- Depreciation +€4,424
up €4,424 (+15.2%), from €29,015 to €33,439
- Taxes +€3,693
new in 2025: €3,693
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 | €275,294 | €260,878 | -€14,416 | -5.2% |
| Fixed assets | 21/28 | €195,810 | €162,371 | -€33,439 | -17.1% |
| Tangible fixed assets | 22/27 | €186,675 | €153,236 | -€33,439 | -17.9% |
| Plant, machinery and equipment | 23 | €9,798 | €7,506 | -€2,292 | -23.4% |
| Furniture and vehicles | 24 | €176,878 | €145,731 | -€31,147 | -17.6% |
| Financial fixed assets | 28 | €9,135 | €9,135 | = | 0.0% |
| Current assets | 29/58 | €79,484 | €98,507 | +€19,023 | +23.9% |
| Amounts receivable within one year | 40/41 | €17,309 | €17,455 | +€147 | +0.8% |
| Trade receivables | 40 | €17,159 | €16,947 | -€212 | -1.2% |
| Other amounts receivable | 41 | €150 | €509 | +€359 | +239.1% |
| Cash at bank and in hand | 54/58 | €58,630 | €78,168 | +€19,538 | +33.3% |
| Deferred charges and accrued income | 490/1 | €3,545 | €2,883 | -€662 | -18.7% |
| Total equity and liabilities | 10/49 | €275,294 | €260,878 | -€14,416 | -5.2% |
| Equity | 10/15 | €8,375 | €22,386 | +€14,010 | +167.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,375 | €17,386 | +€14,010 | +415.1% |
| Distributable reserves | 133 | €3,375 | €17,386 | +€14,010 | +415.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,919 | €238,492 | -€28,427 | -10.6% |
| Amounts payable after more than one year | 17 | €115,333 | €140,733 | +€25,400 | +22.0% |
| Financial debts | 170/4 | €115,333 | €80,733 | -€34,600 | -30.0% |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €151,586 | €97,759 | -€53,827 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €34,600 | €34,600 | = | 0.0% |
| Trade debts | 44 | €3,602 | €8,820 | +€5,218 | +144.8% |
| Suppliers | 440/4 | €3,602 | €8,820 | +€5,218 | +144.8% |
| Taxes, remuneration and social security | 45 | €4,087 | €10,237 | +€6,150 | +150.5% |
| Taxes | 450/3 | €2,060 | €10,237 | +€8,176 | +396.8% |
| Remuneration and social security | 454/9 | €2,026 | €0 | -€2,026 | -100.0% |
| Other amounts payable | 47/48 | €109,297 | €44,102 | -€65,194 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,015 | €33,439 | +€4,424 | +15.2% |
| Other operating charges | 640/8 | €1,125 | €775 | -€350 | -31.1% |
| Gross operating margin | 9900 | €39,590 | €57,429 | +€17,839 | +45.1% |
| Operating profit (loss) | 9901 | €9,451 | €23,216 | +€13,765 | +145.6% |
| Financial charges | 65/66B | €5,101 | €5,512 | +€412 | +8.1% |
| Recurring financial charges | 65 | €5,101 | €5,512 | +€412 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €4,350 | €17,703 | +€13,353 | +306.9% |
| Income taxes | 67/77 | - | €3,693 | +€3,693 | |
| Profit (loss) for the period | 9904 | €4,350 | €14,010 | +€9,660 | +222.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,350 | €14,010 | +€9,660 | +222.0% |
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 12 October 2026 via checked.be.