RdR design: what changed
What changed
RdR design
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€85,769
2024 · €103,127-€17,358
Equity
€339,158
2024 · €259,389+€79,769
Cash
€265,755
2024 · €145,549+€120,206
Balance sheet total
€743,078
2024 · €746,502-€3,424
Largest movements
Assets
- Receivables within one year -€133,692
down €133,692 (-95.1%), from €140,554 to €6,862
of which Trade receivables: -€128,470
- Cash +€120,206
up €120,206 (+82.6%), from €145,549 to €265,755
mainly Receivables within one year (+€133,692) and Net result for the year (+€85,769)
- Tangible fixed assets +€7,599
up €7,599 (+1.9%), from €399,390 to €406,989
of which Plant, machinery and equipment: +€30,429
Equity and liabilities
- Reserves +€79,769
up €79,769 (+31.5%), from €253,189 to €332,958
- Other debts -€33,236
down €33,236 (-20.5%), from €161,834 to €128,597
- Debts after one year -€25,680
down €25,680 (-10.6%), from €242,927 to €217,247
- Tax, wage and social debts -€20,371
down €20,371 (-51.6%), from €39,460 to €19,089
of which Taxes: -€17,119
Income statement
- Gross operating margin -€22,860
down €22,860 (-8.4%), from €271,373 to €248,513
- Depreciation +€7,790
up €7,790 (+19.5%), from €39,985 to €47,775
- Taxes -€5,986
down €5,986 (-14.3%), from €41,783 to €35,797
- Staff costs -€4,851
down €4,851 (-7.0%), from €68,919 to €64,068
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,127
Gross operating margin
-€22,860
Staff costs
+€4,851
Depreciation
-€7,790
Other operating charges
-€380
Financial income
+€304
Financial charges
+€2,530
Taxes
+€5,986
Result 2025
€85,769
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€212,301
Investment
-€61,480
Financing
-€30,615
Cash 2024
€145,549
From operations (derived)
+€212,301
Net result for the year
+€85,769
Depreciation
+€47,775
Stocks and contracts
+€5,345
Receivables within one year
+€133,692
Deferred charges and accrued income
-€1,701
Trade debts
-€5,714
Tax, wage and social debts
-€20,371
Other debts
-€33,236
Accrued charges and deferred income
+€742
Investment (derived)
-€61,480
Investment in fixed assets (net)
-€55,374
Current investments
-€6,106
Financing
-€30,615
Debts after one year
-€25,680
Current portion of long-term debt
+€1,066
Contributions, distributions and other
-€6,000
Cash 2025
€265,755
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €746,502 | €743,078 | -€3,424 | -0.5% |
| Fixed assets | 21/28 | €399,390 | €406,989 | +€7,599 | +1.9% |
| Tangible fixed assets | 22/27 | €399,390 | €406,989 | +€7,599 | +1.9% |
| Land and buildings | 22 | €307,982 | €298,514 | -€9,468 | -3.1% |
| Plant, machinery and equipment | 23 | €51,317 | €81,746 | +€30,429 | +59.3% |
| Furniture and vehicles | 24 | €40,090 | €26,728 | -€13,362 | -33.3% |
| Current assets | 29/58 | €347,112 | €336,089 | -€11,023 | -3.2% |
| Stocks and contracts in progress | 3 | €33,961 | €28,616 | -€5,345 | -15.7% |
| Stocks | 30/36 | €13,625 | €12,991 | -€634 | -4.7% |
| Contracts in progress | 37 | €20,336 | €15,625 | -€4,711 | -23.2% |
| Amounts receivable within one year | 40/41 | €140,554 | €6,862 | -€133,692 | -95.1% |
| Trade receivables | 40 | €135,046 | €6,576 | -€128,470 | -95.1% |
| Other amounts receivable | 41 | €5,508 | €286 | -€5,222 | -94.8% |
| Current investments | 50/53 | €25,138 | €31,244 | +€6,106 | +24.3% |
| Cash at bank and in hand | 54/58 | €145,549 | €265,755 | +€120,206 | +82.6% |
| Deferred charges and accrued income | 490/1 | €1,910 | €3,612 | +€1,701 | +89.1% |
| Total equity and liabilities | 10/49 | €746,502 | €743,078 | -€3,424 | -0.5% |
| Equity | 10/15 | €259,389 | €339,158 | +€79,769 | +30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €253,189 | €332,958 | +€79,769 | +31.5% |
| Distributable reserves | 133 | €253,189 | €332,958 | +€79,769 | +31.5% |
| Amounts payable | 17/49 | €487,113 | €403,920 | -€83,193 | -17.1% |
| Amounts payable after more than one year | 17 | €242,927 | €217,247 | -€25,680 | -10.6% |
| Financial debts | 170/4 | €242,927 | €217,247 | -€25,680 | -10.6% |
| Amounts payable within one year | 42/48 | €243,916 | €185,661 | -€58,255 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €24,615 | €25,680 | +€1,066 | +4.3% |
| Trade debts | 44 | €18,008 | €12,294 | -€5,714 | -31.7% |
| Suppliers | 440/4 | €18,008 | €12,294 | -€5,714 | -31.7% |
| Taxes, remuneration and social security | 45 | €39,460 | €19,089 | -€20,371 | -51.6% |
| Taxes | 450/3 | €35,960 | €18,841 | -€17,119 | -47.6% |
| Remuneration and social security | 454/9 | €3,500 | €247 | -€3,253 | -92.9% |
| Other amounts payable | 47/48 | €161,834 | €128,597 | -€33,236 | -20.5% |
| Accrued charges and deferred income | 492/3 | €270 | €1,012 | +€742 | +275% |
| Non-recurring operating income | 76A | - | €1,341 | +€1,341 | |
| Remuneration, social security and pensions | 62 | €68,919 | €64,068 | -€4,851 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,985 | €47,775 | +€7,790 | +19.5% |
| Other operating charges | 640/8 | €2,887 | €3,267 | +€380 | +13.2% |
| Gross operating margin | 9900 | €271,373 | €248,513 | -€22,860 | -8.4% |
| Operating profit (loss) | 9901 | €159,581 | €133,403 | -€26,178 | -16.4% |
| Financial income | 75/76B | €3,752 | €4,056 | +€304 | +8.1% |
| Recurring financial income | 75 | €3,752 | €4,056 | +€304 | +8.1% |
| Financial charges | 65/66B | €18,422 | €15,892 | -€2,530 | -13.7% |
| Recurring financial charges | 65 | €18,422 | €15,892 | -€2,530 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €144,911 | €121,566 | -€23,345 | -16.1% |
| Income taxes | 67/77 | €41,783 | €35,797 | -€5,986 | -14.3% |
| Profit (loss) for the period | 9904 | €103,127 | €85,769 | -€17,358 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,127 | €85,769 | -€17,358 | -16.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.