RDC GROUP: 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 GROUP
Largest movements
- Receivables within one year -€187,526
down €187,526 (-17.8%), from €1.1m to €863,870
of which Trade receivables: -€280,889
- Cash +€154,123
up €154,123 (+1215.1%), from €12,684 to €166,806
mainly Receivables within one year (+€187,526) and Short-term financial debts (+€82,474)
- Tangible fixed assets +€11,330
up €11,330 (+28.6%), from €39,641 to €50,972
of which Other tangible fixed assets: +€23,637
- Trade debts -€84,959
down €84,959 (-39.4%), from €215,668 to €130,709
- Short-term financial debts +€82,474
up €82,474 (+470.6%), from €17,526 to €100,000
- Tax, wage and social debts -€21,754
down €21,754 (-18.2%), from €119,260 to €97,506
of which Taxes: -€12,128
- Write-downs -€25,065
new in 2025: -€25,065
- Gross operating margin -€21,027
down €21,027 (-4.2%), from €498,100 to €477,073
- Other operating charges +€18,969
up €18,969 (+237.8%), from €7,977 to €26,946
- Staff costs -€7,829
down €7,829 (-1.7%), from €463,753 to €455,925
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 | €1,104,869 | €1,084,550 | -€20,319 | -1.8% |
| Fixed assets | 21/28 | €39,641 | €50,972 | +€11,330 | +28.6% |
| Tangible fixed assets | 22/27 | €39,641 | €50,972 | +€11,330 | +28.6% |
| Plant, machinery and equipment | 23 | €984 | €512 | -€473 | -48.0% |
| Furniture and vehicles | 24 | €26,604 | €14,769 | -€11,834 | -44.5% |
| Other tangible fixed assets | 26 | €12,053 | €35,691 | +€23,637 | +196.1% |
| Current assets | 29/58 | €1,065,228 | €1,033,579 | -€31,649 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,051,397 | €863,870 | -€187,526 | -17.8% |
| Trade receivables | 40 | €973,180 | €692,291 | -€280,889 | -28.9% |
| Other amounts receivable | 41 | €78,217 | €171,579 | +€93,363 | +119.4% |
| Cash at bank and in hand | 54/58 | €12,684 | €166,806 | +€154,123 | +1215.1% |
| Deferred charges and accrued income | 490/1 | €1,148 | €2,902 | +€1,755 | +152.9% |
| Total equity and liabilities | 10/49 | €1,104,869 | €1,084,550 | -€20,319 | -1.8% |
| Equity | 10/15 | €630,477 | €629,665 | -€812 | -0.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €555,477 | €555,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €547,977 | €547,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€812 | -€812 | |
| Amounts payable | 17/49 | €474,392 | €454,885 | -€19,507 | -4.1% |
| Amounts payable within one year | 42/48 | €474,392 | €450,407 | -€23,985 | -5.1% |
| Financial debts | 43 | €17,526 | €100,000 | +€82,474 | +470.6% |
| Credit institutions | 430/8 | €17,526 | €100,000 | +€82,474 | +470.6% |
| Trade debts | 44 | €215,668 | €130,709 | -€84,959 | -39.4% |
| Suppliers | 440/4 | €215,668 | €130,709 | -€84,959 | -39.4% |
| Taxes, remuneration and social security | 45 | €119,260 | €97,506 | -€21,754 | -18.2% |
| Taxes | 450/3 | €36,202 | €24,073 | -€12,128 | -33.5% |
| Remuneration and social security | 454/9 | €83,058 | €73,433 | -€9,625 | -11.6% |
| Other amounts payable | 47/48 | €121,938 | €122,192 | +€254 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €4,478 | +€4,478 | |
| Remuneration, social security and pensions | 62 | €463,753 | €455,925 | -€7,829 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,455 | €15,635 | +€1,180 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€25,065 | -€25,065 | |
| Other operating charges | 640/8 | €7,977 | €26,946 | +€18,969 | +237.8% |
| Gross operating margin | 9900 | €498,100 | €477,073 | -€21,027 | -4.2% |
| Operating profit (loss) | 9901 | €11,916 | €3,633 | -€8,282 | -69.5% |
| Financial income | 75/76B | €40 | €210 | +€169 | +420.9% |
| Recurring financial income | 75 | €40 | €210 | +€169 | +420.9% |
| Financial charges | 65/66B | €1,583 | €3,851 | +€2,267 | +143.2% |
| Recurring financial charges | 65 | €1,583 | €3,851 | +€2,267 | +143.2% |
| Profit (loss) for the period before taxes | 9903 | €10,373 | -€8 | -€10,380 | |
| Income taxes | 67/77 | €3,971 | €804 | -€3,167 | -79.7% |
| Profit (loss) for the period | 9904 | €6,402 | -€812 | -€7,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,402 | -€812 | -€7,214 |
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.