RDL ENGINEERING: what changed
Two fiscal 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.
RDL ENGINEERING
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Stocks and contracts +€179,181
up €179,181 (+32.6%), from €550,191 to €729,372
of which Contracts in progress: +€173,276
- Receivables within one year -€152,606
down €152,606 (-13.4%), from €1.1m to €985,913
of which Trade receivables: -€152,695
- Cash -€91,232
down €91,232 (-15.2%), from €601,284 to €510,052
mainly Stocks and contracts (-€179,181) and Advances received (-€161,599)
- Advances received -€161,599
down €161,599 (-71.3%), from €226,770 to €65,171
- Trade debts +€158,791
up €158,791 (+30.9%), from €514,078 to €672,869
- Tax, wage and social debts -€104,183
down €104,183 (-40.9%), from €254,917 to €150,734
of which Taxes: -€62,659
- Profit (loss) carried forward -€102,375
new in 2025: -€102,375
- Debts after one year -€43,771
down €43,771 (-7.9%), from €555,832 to €512,061
- Turnover -€1.4m
down €1.4m (-26.4%), from €5.3m to €3.9m
- Gross operating margin -€587,626
down €587,626 (-28.2%), from €2.1m to €1.5m
- Purchases and services -€314,232
down €314,232 (-9.8%), from €3.2m to €2.9m
- Taxes -€62,014
down €62,014 (-98.1%), from €63,235 to €1,221
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 | €3,457,820 | €3,209,761 | -€248,059 | -7.2% |
| Fixed assets | 21/28 | €967,826 | €984,424 | +€16,599 | +1.7% |
| Tangible fixed assets | 22/27 | €966,677 | €977,796 | +€11,119 | +1.2% |
| Land and buildings | 22 | €733,502 | €690,095 | -€43,407 | -5.9% |
| Plant, machinery and equipment | 23 | €173,571 | €142,892 | -€30,679 | -17.7% |
| Furniture and vehicles | 24 | €59,604 | €144,810 | +€85,206 | +143.0% |
| Financial fixed assets | 28 | €1,149 | €6,628 | +€5,479 | +477.0% |
| Current assets | 29/58 | €2,489,994 | €2,225,337 | -€264,657 | -10.6% |
| Stocks and contracts in progress | 3 | €550,191 | €729,372 | +€179,181 | +32.6% |
| Stocks | 30/36 | €118,676 | €124,581 | +€5,905 | +5.0% |
| Contracts in progress | 37 | €431,515 | €604,791 | +€173,276 | +40.2% |
| Amounts receivable within one year | 40/41 | €1,138,519 | €985,913 | -€152,606 | -13.4% |
| Trade receivables | 40 | €1,138,519 | €985,823 | -€152,695 | -13.4% |
| Other amounts receivable | 41 | - | €89 | +€89 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €601,284 | €510,052 | -€91,232 | -15.2% |
| Total equity and liabilities | 10/49 | €3,457,820 | €3,209,761 | -€248,059 | -7.2% |
| Equity | 10/15 | €1,716,303 | €1,613,928 | -€102,375 | -6.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,416,303 | €1,416,303 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €1,385,311 | €1,385,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€102,375 | -€102,375 | |
| Amounts payable | 17/49 | €1,741,517 | €1,595,833 | -€145,684 | -8.4% |
| Amounts payable after more than one year | 17 | €555,832 | €512,061 | -€43,771 | -7.9% |
| Financial debts | 170/4 | €555,832 | €512,061 | -€43,771 | -7.9% |
| Amounts payable within one year | 42/48 | €1,185,685 | €1,083,772 | -€101,913 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €149,439 | €142,372 | -€7,067 | -4.7% |
| Financial debts | 43 | €40,481 | €41,667 | +€1,186 | +2.9% |
| Credit institutions | 430/8 | - | €41,667 | +€41,667 | |
| Other loans | 439 | €40,481 | - | -€40,481 | |
| Trade debts | 44 | €514,078 | €672,869 | +€158,791 | +30.9% |
| Suppliers | 440/4 | €514,078 | €672,869 | +€158,791 | +30.9% |
| Advances received on contracts in progress | 46 | €226,770 | €65,171 | -€161,599 | -71.3% |
| Taxes, remuneration and social security | 45 | €254,917 | €150,734 | -€104,183 | -40.9% |
| Taxes | 450/3 | €94,731 | €32,072 | -€62,659 | -66.1% |
| Remuneration and social security | 454/9 | €160,186 | €118,662 | -€41,523 | -25.9% |
| Other amounts payable | 47/48 | - | €10,959 | +€10,959 | |
| Turnover | 70 | €5,287,134 | €3,893,490 | -€1.4m | -26.4% |
| Non-recurring operating income | 76A | €9,333 | €18,085 | +€8,751 | +93.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,207,661 | €2,893,430 | -€314,232 | -9.8% |
| Remuneration, social security and pensions | 62 | €1,433,588 | €1,430,841 | -€2,747 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,724 | €102,603 | +€22,879 | +28.7% |
| Other operating charges | 640/8 | €32,238 | €32,308 | +€70 | +0.2% |
| Gross operating margin | 9900 | €2,083,682 | €1,496,055 | -€587,626 | -28.2% |
| Operating profit (loss) | 9901 | €538,132 | -€69,697 | -€607,829 | |
| Financial income | 75/76B | €6,721 | €31,375 | +€24,655 | +366.9% |
| Recurring financial income | 75 | €6,721 | €31,375 | +€24,655 | +366.9% |
| Financial charges | 65/66B | €48,536 | €62,832 | +€14,296 | +29.5% |
| Recurring financial charges | 65 | €48,536 | €62,832 | +€14,296 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €496,316 | -€101,154 | -€597,470 | |
| Income taxes | 67/77 | €63,235 | €1,221 | -€62,014 | -98.1% |
| Profit (loss) for the period | 9904 | €433,082 | -€102,375 | -€535,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €433,082 | -€102,375 | -€535,456 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.