RDS WORKS: 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 WORKS
Largest movements
- Receivables within one year -€48,646
down €48,646 (-4.2%), from €1.2m to €1.1m
of which Other amounts receivable: -€49,991
- Tangible fixed assets -€14,451
down €14,451 (-34.0%), from €42,482 to €28,031
of which Furniture and vehicles: -€14,182
- Cash +€14,440
up €14,440 (+228%), from €6,347 to €20,787
mainly Receivables within one year (+€48,646) and Trade debts (+€44,966)
- Tax, wage and social debts -€131,695
down €131,695 (-12.8%), from €1.0m to €895,039
of which Taxes: -€142,812
- Trade debts +€44,966
up €44,966 (+1,261%), from €3,566 to €48,532
- Profit (loss) carried forward +€43,254
up €43,254 (+19.4%), from €222,704 to €265,958
- Gross operating margin -€215,513
down €215,513 (-15.3%), from €1.4m to €1.2m
- Staff costs -€75,611
down €75,611 (-6.2%), from €1.2m to €1.1m
- Depreciation -€17,973
down €17,973 (-55.4%), from €32,424 to €14,451
- Financial charges -€14,588
down €14,588 (-88.0%), from €16,578 to €1,991
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.
Derived cash bridge
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 | €1,278,445 | €1,229,988 | -€48,457 | -3.8% |
| Fixed assets | 21/28 | €119,882 | €105,631 | -€14,251 | -11.9% |
| Tangible fixed assets | 22/27 | €42,482 | €28,031 | -€14,451 | -34.0% |
| Land and buildings | 22 | €4,138 | €3,869 | -€269 | -6.5% |
| Furniture and vehicles | 24 | €38,343 | €24,161 | -€14,182 | -37.0% |
| Financial fixed assets | 28 | €77,400 | €77,600 | +€200 | +0.3% |
| Current assets | 29/58 | €1,158,563 | €1,124,357 | -€34,206 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,152,217 | €1,103,571 | -€48,646 | -4.2% |
| Trade receivables | 40 | €198,001 | €199,347 | +€1,346 | +0.7% |
| Other amounts receivable | 41 | €954,216 | €904,224 | -€49,991 | -5.2% |
| Cash at bank and in hand | 54/58 | €6,347 | €20,787 | +€14,440 | +228% |
| Total equity and liabilities | 10/49 | €1,278,445 | €1,229,988 | -€48,457 | -3.8% |
| Equity | 10/15 | €243,164 | €286,418 | +€43,254 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,704 | €265,958 | +€43,254 | +19.4% |
| Amounts payable | 17/49 | €1,035,281 | €943,570 | -€91,711 | -8.9% |
| Amounts payable after more than one year | 17 | €4,982 | - | -€4,982 | |
| Financial debts | 170/4 | €4,982 | - | -€4,982 | |
| Amounts payable within one year | 42/48 | €1,030,300 | €943,570 | -€86,729 | -8.4% |
| Trade debts | 44 | €3,566 | €48,532 | +€44,966 | +1,261% |
| Suppliers | 440/4 | €3,566 | €48,532 | +€44,966 | +1,261% |
| Taxes, remuneration and social security | 45 | €1,026,734 | €895,039 | -€131,695 | -12.8% |
| Taxes | 450/3 | €932,451 | €789,640 | -€142,812 | -15.3% |
| Remuneration and social security | 454/9 | €94,282 | €105,399 | +€11,117 | +11.8% |
| Remuneration, social security and pensions | 62 | €1,224,871 | €1,149,260 | -€75,611 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,424 | €14,451 | -€17,973 | -55.4% |
| Other operating charges | 640/8 | €9,505 | €1,731 | -€7,774 | -81.8% |
| Gross operating margin | 9900 | €1,408,066 | €1,192,553 | -€215,513 | -15.3% |
| Operating profit (loss) | 9901 | €141,266 | €27,112 | -€114,155 | -80.8% |
| Financial income | 75/76B | €21,864 | €22,975 | +€1,111 | +5.1% |
| Recurring financial income | 75 | €21,864 | €22,975 | +€1,111 | +5.1% |
| Financial charges | 65/66B | €16,578 | €1,991 | -€14,588 | -88.0% |
| Recurring financial charges | 65 | €16,578 | €1,991 | -€14,588 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €146,552 | €48,096 | -€98,456 | -67.2% |
| Income taxes | 67/77 | - | €4,842 | +€4,842 | |
| Profit (loss) for the period | 9904 | €146,552 | €43,254 | -€103,298 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,552 | €43,254 | -€103,298 | -70.5% |
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 27 October 2026 via checked.be.