RDS 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.
RDS ENGINEERING
Largest movements
- Receivables after one year -€10,900
down €10,900 (-100.0%), from €10,900 to €0
- Receivables within one year -€4,281
down €4,281 (-17.5%), from €24,444 to €20,163
of which Trade receivables: -€2,515
- Cash -€3,244
down €3,244 (-8.7%), from €37,199 to €33,955
mainly Contributions, distributions and other (-€65,000) and Tax, wage and social debts (-€7,452)
- Reserves -€38,448
down €38,448 (-57.6%), from €66,768 to €28,320
of which Distributable reserves: -€39,408
- Other debts +€25,586
up €25,586, from €0 to €25,586
- Tax, wage and social debts -€7,452
down €7,452 (-63.9%), from €11,654 to €4,203
- Short-term financial debts +€1,667
up €1,667 (+98.7%), from €1,688 to €3,354
- Gross operating margin +€14,592
up €14,592 (+51.3%), from €28,459 to €43,051
- Taxes +€4,988
up €4,988 (+93.1%), from €5,356 to €10,344
- Financial charges +€614
up €614 (+122.5%), from €501 to €1,115
- Financial income -€483
down €483 (-94.6%), from €510 to €27
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 | €95,634 | €78,042 | -€17,592 | -18.4% |
| Fixed assets | 21/28 | €22,919 | €23,722 | +€803 | +3.5% |
| Tangible fixed assets | 22/27 | €22,919 | €23,722 | +€803 | +3.5% |
| Plant, machinery and equipment | 23 | €1,885 | €925 | -€960 | -50.9% |
| Furniture and vehicles | 24 | €1,677 | €6,170 | +€4,493 | +267.9% |
| Other tangible fixed assets | 26 | €19,357 | €16,627 | -€2,730 | -14.1% |
| Current assets | 29/58 | €72,715 | €54,321 | -€18,395 | -25.3% |
| Amounts receivable after more than one year | 29 | €10,900 | €0 | -€10,900 | -100.0% |
| Other amounts receivable | 291 | €10,900 | €0 | -€10,900 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,444 | €20,163 | -€4,281 | -17.5% |
| Trade receivables | 40 | €20,522 | €18,006 | -€2,515 | -12.3% |
| Other amounts receivable | 41 | €3,922 | €2,156 | -€1,766 | -45.0% |
| Cash at bank and in hand | 54/58 | €37,199 | €33,955 | -€3,244 | -8.7% |
| Deferred charges and accrued income | 490/1 | €173 | €203 | +€30 | +17.4% |
| Total equity and liabilities | 10/49 | €95,634 | €78,042 | -€17,592 | -18.4% |
| Equity | 10/15 | €68,768 | €30,320 | -€38,448 | -55.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,768 | €28,320 | -€38,448 | -57.6% |
| Tax-exempt reserves | 132 | €2,814 | €3,774 | +€960 | +34.1% |
| Distributable reserves | 133 | €63,954 | €24,546 | -€39,408 | -61.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,866 | €47,722 | +€20,855 | +77.6% |
| Amounts payable after more than one year | 17 | €13,000 | €13,000 | = | 0.0% |
| Financial debts | 170/4 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,866 | €34,240 | +€20,373 | +146.9% |
| Financial debts | 43 | €1,688 | €3,354 | +€1,667 | +98.7% |
| Credit institutions | 430/8 | €1,688 | €3,354 | +€1,667 | +98.7% |
| Trade debts | 44 | €524 | €1,097 | +€573 | +109.2% |
| Suppliers | 440/4 | €524 | €1,097 | +€573 | +109.2% |
| Taxes, remuneration and social security | 45 | €11,654 | €4,203 | -€7,452 | -63.9% |
| Taxes | 450/3 | €11,654 | €4,203 | -€7,452 | -63.9% |
| Other amounts payable | 47/48 | €0 | €25,586 | +€25,586 | |
| Accrued charges and deferred income | 492/3 | €0 | €482 | +€482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,335 | €4,524 | +€189 | +4.4% |
| Other operating charges | 640/8 | €591 | €544 | -€47 | -8.0% |
| Gross operating margin | 9900 | €28,459 | €43,051 | +€14,592 | +51.3% |
| Operating profit (loss) | 9901 | €23,533 | €37,983 | +€14,450 | +61.4% |
| Financial income | 75/76B | €510 | €27 | -€483 | -94.6% |
| Recurring financial income | 75 | €510 | €27 | -€483 | -94.6% |
| Financial charges | 65/66B | €501 | €1,115 | +€614 | +122.5% |
| Recurring financial charges | 65 | €501 | €1,115 | +€614 | +122.5% |
| Profit (loss) for the period before taxes | 9903 | €23,543 | €36,896 | +€13,353 | +56.7% |
| Income taxes | 67/77 | €5,356 | €10,344 | +€4,988 | +93.1% |
| Profit (loss) for the period | 9904 | €18,187 | €26,552 | +€8,366 | +46.0% |
| Transfer to tax-exempt reserves | 689 | €960 | €960 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,227 | €25,592 | +€8,366 | +48.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.