RDS CONSULT: 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.
RDS CONSULT
Largest movements
- Receivables within one year -€47,039
no longer reported in 2025 (was €47,039)
of which Other amounts receivable: -€36,113
- Tangible fixed assets -€41,776
down €41,776 (-3.5%), from €1.2m to €1.2m
of which Land and buildings: -€45,475
- Debts after one year -€49,387
down €49,387 (-5.2%), from €952,904 to €903,517
of which Financial debts: -€49,387
- Current portion of long-term debt -€32,348
down €32,348 (-27.6%), from €116,997 to €84,649
- Trade debts -€14,900
down €14,900 (-93.0%), from €16,016 to €1,115
- Gross operating margin +€53,567
up €53,567 (+42.4%), from €126,200 to €179,768
- Staff costs +€21,329
up €21,329 (+94.9%), from €22,466 to €43,795
- Depreciation +€17,980
up €17,980 (+35.8%), from €50,199 to €68,179
- Other operating charges -€3,152
down €3,152 (-17.1%), from €18,381 to €15,229
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 | €1,295,976 | €1,213,351 | -€82,625 | -6.4% |
| Fixed assets | 21/28 | €1,195,006 | €1,153,231 | -€41,776 | -3.5% |
| Tangible fixed assets | 22/27 | €1,194,643 | €1,152,868 | -€41,776 | -3.5% |
| Land and buildings | 22 | €1,118,500 | €1,073,025 | -€45,475 | -4.1% |
| Plant, machinery and equipment | 23 | €24,167 | €45,796 | +€21,629 | +89.5% |
| Furniture and vehicles | 24 | €51,976 | €34,047 | -€17,930 | -34.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €100,970 | €60,120 | -€40,850 | -40.5% |
| Amounts receivable within one year | 40/41 | €47,039 | - | -€47,039 | |
| Trade receivables | 40 | €10,926 | - | -€10,926 | |
| Other amounts receivable | 41 | €36,113 | - | -€36,113 | |
| Cash at bank and in hand | 54/58 | €48,034 | €54,601 | +€6,567 | +13.7% |
| Deferred charges and accrued income | 490/1 | €5,897 | €5,519 | -€378 | -6.4% |
| Total equity and liabilities | 10/49 | €1,295,976 | €1,213,351 | -€82,625 | -6.4% |
| Equity | 10/15 | -€22,465 | -€17,591 | +€4,873 | +21.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,725 | -€31,851 | +€4,873 | +13.3% |
| Amounts payable | 17/49 | €1,318,441 | €1,230,942 | -€87,498 | -6.6% |
| Amounts payable after more than one year | 17 | €952,904 | €903,517 | -€49,387 | -5.2% |
| Financial debts | 170/4 | €945,064 | €895,677 | -€49,387 | -5.2% |
| Other amounts payable | 178/9 | €7,840 | €7,840 | = | 0.0% |
| Amounts payable within one year | 42/48 | €356,347 | €318,235 | -€38,112 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €116,997 | €84,649 | -€32,348 | -27.6% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €16,016 | €1,115 | -€14,900 | -93.0% |
| Suppliers | 440/4 | €16,016 | €1,115 | -€14,900 | -93.0% |
| Taxes, remuneration and social security | 45 | €14,910 | €15,189 | +€278 | +1.9% |
| Taxes | 450/3 | €8,771 | €5,412 | -€3,359 | -38.3% |
| Remuneration and social security | 454/9 | €6,140 | €9,777 | +€3,637 | +59.2% |
| Other amounts payable | 47/48 | €83,424 | €92,283 | +€8,859 | +10.6% |
| Accrued charges and deferred income | 492/3 | €9,190 | €9,190 | = | 0.0% |
| Non-recurring operating income | 76A | €11,070 | - | -€11,070 | |
| Remuneration, social security and pensions | 62 | €22,466 | €43,795 | +€21,329 | +94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,199 | €68,179 | +€17,980 | +35.8% |
| Other operating charges | 640/8 | €18,381 | €15,229 | -€3,152 | -17.1% |
| Gross operating margin | 9900 | €126,200 | €179,768 | +€53,567 | +42.4% |
| Operating profit (loss) | 9901 | €35,155 | €52,565 | +€17,410 | +49.5% |
| Financial charges | 65/66B | €48,919 | €47,419 | -€1,500 | -3.1% |
| Recurring financial charges | 65 | €48,913 | €47,158 | -€1,755 | -3.6% |
| Non-recurring financial charges | 66B | €6 | €261 | +€255 | +4219.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,764 | €5,146 | +€18,910 | |
| Income taxes | 67/77 | €26 | €273 | +€247 | +946.0% |
| Profit (loss) for the period | 9904 | -€13,790 | €4,873 | +€18,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,790 | €4,873 | +€18,664 |
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.