RDS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Deferred charges and accrued income -€26,446
no longer reported in 2025 (was €26,446)
- Receivables within one year -€3,137
down €3,137 (-30.4%), from €10,306 to €7,169
of which Trade receivables: -€3,365
- Tangible fixed assets -€532
no longer reported in 2025 (was €532)
- Other debts -€19,638
down €19,638 (-81.7%), from €24,028 to €4,390
- Profit (loss) carried forward -€7,612
down €7,612 (-172.8%), from -€4,404 to -€12,016
- Trade debts -€1,264
down €1,264 (-19.7%), from €6,408 to €5,145
- Current portion of long-term debt -€996
no longer reported in 2025 (was €996)
- Tax, wage and social debts -€620
down €620 (-27.8%), from €2,230 to €1,610
- Gross operating margin -€25,315
down €25,315, from €19,227 to -€6,088
- Other operating charges -€2,922
down €2,922 (-82.8%), from €3,529 to €606
- Taxes -€2,110
no longer reported in 2025 (was €2,110)
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 | €37,317 | €7,187 | -€30,130 | -80.7% |
| Fixed assets | 21/28 | €532 | - | -€532 | |
| Tangible fixed assets | 22/27 | €532 | - | -€532 | |
| Furniture and vehicles | 24 | €532 | - | -€532 | |
| Current assets | 29/58 | €36,785 | €7,187 | -€29,598 | -80.5% |
| Amounts receivable within one year | 40/41 | €10,306 | €7,169 | -€3,137 | -30.4% |
| Trade receivables | 40 | €10,306 | €6,941 | -€3,365 | -32.6% |
| Other amounts receivable | 41 | - | €228 | +€228 | |
| Cash at bank and in hand | 54/58 | €33 | €18 | -€15 | -45.1% |
| Deferred charges and accrued income | 490/1 | €26,446 | - | -€26,446 | |
| Total equity and liabilities | 10/49 | €37,317 | €7,187 | -€30,130 | -80.7% |
| Equity | 10/15 | €3,655 | -€3,957 | -€7,612 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,404 | -€12,016 | -€7,612 | -172.8% |
| Amounts payable | 17/49 | €33,662 | €11,144 | -€22,518 | -66.9% |
| Amounts payable within one year | 42/48 | €33,662 | €11,144 | -€22,518 | -66.9% |
| Current portion of amounts payable after more than one year | 42 | €996 | - | -€996 | |
| Trade debts | 44 | €6,408 | €5,145 | -€1,264 | -19.7% |
| Suppliers | 440/4 | €6,408 | €5,145 | -€1,264 | -19.7% |
| Taxes, remuneration and social security | 45 | €2,230 | €1,610 | -€620 | -27.8% |
| Taxes | 450/3 | €2,230 | €1,610 | -€620 | -27.8% |
| Other amounts payable | 47/48 | €24,028 | €4,390 | -€19,638 | -81.7% |
| Non-recurring operating income | 76A | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €532 | -€177 | -25.0% |
| Other operating charges | 640/8 | €3,529 | €606 | -€2,922 | -82.8% |
| Gross operating margin | 9900 | €19,227 | -€6,088 | -€25,315 | |
| Operating profit (loss) | 9901 | €14,989 | -€7,227 | -€22,215 | |
| Financial charges | 65/66B | €529 | €385 | -€144 | -27.2% |
| Recurring financial charges | 65 | €529 | €385 | -€144 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €14,460 | -€7,612 | -€22,071 | |
| Income taxes | 67/77 | €2,110 | - | -€2,110 | |
| Profit (loss) for the period | 9904 | €12,350 | -€7,612 | -€19,962 | |
| Transfer from tax-exempt reserves | 789 | €7,906 | - | -€7,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,255 | -€7,612 | -€27,867 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.