RDC ENVIRONMENT: 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.
RDC ENVIRONMENT
Largest movements
- Financial fixed assets -€556,345
down €556,345 (-95.8%), from €580,950 to €24,605
- Receivables within one year -€167,025
down €167,025 (-22.0%), from €757,675 to €590,650
of which Trade receivables: -€87,832
- Stocks and contracts -€147,760
down €147,760 (-44.8%), from €330,190 to €182,430
- Cash +€83,991
up €83,991 (+34.8%), from €241,660 to €325,651
mainly Investment in fixed assets (net) (+€533,373) and Receivables within one year (+€167,025)
- Other debts -€655,838
down €655,838 (-98.6%), from €664,860 to €9,022
- Advances received -€252,753
down €252,753 (-54.3%), from €465,471 to €212,718
- Reserves +€153,000
up €153,000 (+566.7%), from €27,000 to €180,000
of which Distributable reserves: +€153,000
- Financial income +€327,007
up €327,007 (+4095.8%), from €7,984 to €334,991
of which Non-recurring financial income: +€334,000
- Staff costs +€95,263
up €95,263 (+8.2%), from €1.2m to €1.3m
- Gross operating margin +€40,165
up €40,165 (+2.7%), from €1.5m to €1.5m
- Provisions +€16,600
up €16,600, from -€3,950 to €12,650
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 | €1,942,231 | €1,171,460 | -€770,771 | -39.7% |
| Fixed assets | 21/28 | €593,819 | €50,478 | -€543,342 | -91.5% |
| Tangible fixed assets | 22/27 | €12,869 | €25,873 | +€13,004 | +101.0% |
| Furniture and vehicles | 24 | €12,249 | €25,408 | +€13,159 | +107.4% |
| Other tangible fixed assets | 26 | €620 | €465 | -€155 | -25.0% |
| Financial fixed assets | 28 | €580,950 | €24,605 | -€556,345 | -95.8% |
| Current assets | 29/58 | €1,348,412 | €1,120,983 | -€227,429 | -16.9% |
| Stocks and contracts in progress | 3 | €330,190 | €182,430 | -€147,760 | -44.8% |
| Contracts in progress | 37 | €330,190 | €182,430 | -€147,760 | -44.8% |
| Amounts receivable within one year | 40/41 | €757,675 | €590,650 | -€167,025 | -22.0% |
| Trade receivables | 40 | €658,787 | €570,954 | -€87,832 | -13.3% |
| Other amounts receivable | 41 | €98,888 | €19,696 | -€79,192 | -80.1% |
| Cash at bank and in hand | 54/58 | €241,660 | €325,651 | +€83,991 | +34.8% |
| Deferred charges and accrued income | 490/1 | €18,887 | €22,252 | +€3,365 | +17.8% |
| Total equity and liabilities | 10/49 | €1,942,231 | €1,171,460 | -€770,771 | -39.7% |
| Equity | 10/15 | €277,423 | €430,187 | +€152,764 | +55.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €180,000 | +€153,000 | +566.7% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €155,000 | +€153,000 | +7650.0% |
| Profit (loss) carried forward | 14 | €423 | €187 | -€236 | -55.8% |
| Provisions and deferred taxes | 16 | €87,350 | €100,000 | +€12,650 | +14.5% |
| Provisions for liabilities and charges | 160/5 | €87,350 | €100,000 | +€12,650 | +14.5% |
| Other liabilities and charges | 164/5 | €87,350 | €100,000 | +€12,650 | +14.5% |
| Amounts payable | 17/49 | €1,577,458 | €641,273 | -€936,185 | -59.3% |
| Amounts payable within one year | 42/48 | €1,577,458 | €639,943 | -€937,515 | -59.4% |
| Financial debts | 43 | €5,163 | - | -€5,163 | |
| Other loans | 439 | €5,163 | - | -€5,163 | |
| Trade debts | 44 | €290,410 | €279,806 | -€10,604 | -3.7% |
| Suppliers | 440/4 | €290,410 | €279,806 | -€10,604 | -3.7% |
| Advances received on contracts in progress | 46 | €465,471 | €212,718 | -€252,753 | -54.3% |
| Taxes, remuneration and social security | 45 | €151,554 | €138,396 | -€13,158 | -8.7% |
| Taxes | 450/3 | €44,211 | €14,497 | -€29,715 | -67.2% |
| Remuneration and social security | 454/9 | €107,343 | €123,900 | +€16,557 | +15.4% |
| Other amounts payable | 47/48 | €664,860 | €9,022 | -€655,838 | -98.6% |
| Accrued charges and deferred income | 492/3 | - | €1,330 | +€1,330 | |
| Non-recurring operating income | 76A | €72,400 | €58 | -€72,342 | -99.9% |
| Remuneration, social security and pensions | 62 | €1,167,340 | €1,262,603 | +€95,263 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,066 | €9,968 | -€1,098 | -9.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,950 | €12,650 | +€16,600 | |
| Other operating charges | 640/8 | €2,968 | €2,767 | -€201 | -6.8% |
| Non-recurring operating charges | 66A | €38,533 | €2,102 | -€36,431 | -94.5% |
| Gross operating margin | 9900 | €1,468,571 | €1,508,736 | +€40,165 | +2.7% |
| Operating profit (loss) | 9901 | €252,614 | €218,645 | -€33,968 | -13.4% |
| Financial income | 75/76B | €7,984 | €334,991 | +€327,007 | +4095.8% |
| Recurring financial income | 75 | €7,984 | €991 | -€6,993 | -87.6% |
| Non-recurring financial income | 76B | - | €334,000 | +€334,000 | |
| Financial charges | 65/66B | €340,733 | €336,093 | -€4,640 | -1.4% |
| Recurring financial charges | 65 | €6,733 | €2,501 | -€4,232 | -62.9% |
| Non-recurring financial charges | 66B | €334,000 | €333,592 | -€408 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€80,135 | €217,543 | +€297,679 | |
| Income taxes | 67/77 | €53,545 | €64,779 | +€11,234 | +21.0% |
| Profit (loss) for the period | 9904 | -€133,680 | €152,764 | +€286,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,680 | €152,764 | +€286,445 |
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 9 October 2026 via checked.be.