RDS: what changed
What changed
RDS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€19,284
2024 · -€11,141-€8,142
Equity
€147,011
2024 · €166,294-€19,284
Cash
€33,158
2024 · €34,302-€1,144
Balance sheet total
€386,645
2024 · €327,108+€59,537
Largest movements
Assets
- Receivables within one year +€107,824
up €107,824 (+57.6%), from €187,069 to €294,893
of which Other amounts receivable: +€63,925
- Deferred charges and accrued income -€27,729
no longer reported in 2025 (was €27,729)
- Tangible fixed assets -€19,413
down €19,413 (-26.6%), from €73,008 to €53,594
of which Furniture and vehicles: -€15,339
Equity and liabilities
- Trade debts +€106,708
up €106,708 (+314%), from €34,022 to €140,730
- Current portion of long-term debt -€23,454
down €23,454 (-36.3%), from €64,565 to €41,111
- Reserves -€19,284
down €19,284 (-12.0%), from €160,094 to €140,811
Income statement
- Gross operating margin -€36,972
down €36,972 (-24.8%), from €149,313 to €112,341
- Depreciation -€19,939
down €19,939 (-48.0%), from €41,531 to €21,592
- Staff costs -€5,946
down €5,946 (-5.4%), from €109,377 to €103,431
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
-€11,141
Gross operating margin
-€36,972
Staff costs
+€5,946
Depreciation
+€19,939
Other operating charges
+€673
Financial income
-€203
Financial charges
+€1,044
Taxes
+€1,431
Result 2025
-€19,284
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
+€27,020
Investment
-€2,178
Financing
-€25,986
Cash 2024
€34,302
From operations (derived)
+€27,020
Net result for the year
-€19,284
Depreciation
+€21,592
Receivables within one year
-€107,824
Deferred charges and accrued income
+€27,729
Trade debts
+€106,708
Tax, wage and social debts
-€1,901
Investment (derived)
-€2,178
Investment in fixed assets (net)
-€2,178
Financing
-€25,986
Debts after one year
-€2,532
Current portion of long-term debt
-€23,454
Cash 2025
€33,158
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,108 | €386,645 | +€59,537 | +18.2% |
| Fixed assets | 21/28 | €73,008 | €53,594 | -€19,413 | -26.6% |
| Tangible fixed assets | 22/27 | €73,008 | €53,594 | -€19,413 | -26.6% |
| Plant, machinery and equipment | 23 | €6,687 | €2,613 | -€4,075 | -60.9% |
| Furniture and vehicles | 24 | €66,320 | €50,982 | -€15,339 | -23.1% |
| Current assets | 29/58 | €254,100 | €333,051 | +€78,950 | +31.1% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €187,069 | €294,893 | +€107,824 | +57.6% |
| Trade receivables | 40 | €23,667 | €67,566 | +€43,899 | +185% |
| Other amounts receivable | 41 | €163,403 | €227,327 | +€63,925 | +39.1% |
| Cash at bank and in hand | 54/58 | €34,302 | €33,158 | -€1,144 | -3.3% |
| Deferred charges and accrued income | 490/1 | €27,729 | - | -€27,729 | |
| Total equity and liabilities | 10/49 | €327,108 | €386,645 | +€59,537 | +18.2% |
| Equity | 10/15 | €166,294 | €147,011 | -€19,284 | -11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,094 | €140,811 | -€19,284 | -12.0% |
| Distributable reserves | 133 | €160,094 | €140,811 | -€19,284 | -12.0% |
| Amounts payable | 17/49 | €160,814 | €239,634 | +€78,821 | +49.0% |
| Amounts payable after more than one year | 17 | €56,643 | €54,111 | -€2,532 | -4.5% |
| Financial debts | 170/4 | €56,643 | €54,111 | -€2,532 | -4.5% |
| Amounts payable within one year | 42/48 | €104,171 | €185,523 | +€81,352 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €64,565 | €41,111 | -€23,454 | -36.3% |
| Trade debts | 44 | €34,022 | €140,730 | +€106,708 | +314% |
| Suppliers | 440/4 | €34,022 | €140,730 | +€106,708 | +314% |
| Advances received on contracts in progress | 46 | €1,643 | €1,643 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,941 | €2,039 | -€1,901 | -48.2% |
| Taxes | 450/3 | €2,120 | - | -€2,120 | |
| Remuneration and social security | 454/9 | €1,820 | €2,039 | +€219 | +12.0% |
| Remuneration, social security and pensions | 62 | €109,377 | €103,431 | -€5,946 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,531 | €21,592 | -€19,939 | -48.0% |
| Other operating charges | 640/8 | €2,736 | €2,063 | -€673 | -24.6% |
| Gross operating margin | 9900 | €149,313 | €112,341 | -€36,972 | -24.8% |
| Operating profit (loss) | 9901 | -€4,331 | -€14,745 | -€10,414 | -240% |
| Financial income | 75/76B | €260 | €57 | -€203 | -78.0% |
| Recurring financial income | 75 | €260 | €57 | -€203 | -78.0% |
| Financial charges | 65/66B | €5,318 | €4,274 | -€1,044 | -19.6% |
| Recurring financial charges | 65 | €5,318 | €4,274 | -€1,044 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,388 | -€18,962 | -€9,574 | -102% |
| Income taxes | 67/77 | €1,753 | €322 | -€1,431 | -81.7% |
| Profit (loss) for the period | 9904 | -€11,141 | -€19,284 | -€8,142 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,141 | -€19,284 | -€8,142 | -73.1% |
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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 2 November 2026 via checked.be.