RDSoudage: 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.
RDSoudage
Largest movements
- Tangible fixed assets -€34,817
down €34,817 (-8.0%), from €435,125 to €400,308
of which Land and buildings: -€23,833
- Reserves +€29,202
up €29,202 (+96.9%), from €30,123 to €59,325
of which Distributable reserves: +€29,202
- Trade debts -€23,881
down €23,881 (-54.0%), from €44,252 to €20,371
- Debts after one year -€21,917
down €21,917 (-10.0%), from €218,655 to €196,738
- Short-term financial debts -€13,648
down €13,648 (-18.1%), from €75,482 to €61,834
- Other debts -€5,599
no longer reported in 2025 (was €5,599)
- Gross operating margin -€75,811
down €75,811 (-45.0%), from €168,437 to €92,626
- Financial charges -€6,286
down €6,286 (-29.4%), from €21,376 to €15,090
- Taxes +€6,231
up €6,231 (+1670.0%), from €373 to €6,604
- Other operating charges -€4,090
down €4,090 (-53.7%), from €7,617 to €3,526
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,368 | €426,567 | -€34,801 | -7.5% |
| Fixed assets | 21/28 | €435,125 | €400,308 | -€34,817 | -8.0% |
| Tangible fixed assets | 22/27 | €435,125 | €400,308 | -€34,817 | -8.0% |
| Land and buildings | 22 | €424,140 | €400,308 | -€23,833 | -5.6% |
| Furniture and vehicles | 24 | €10,985 | - | -€10,985 | |
| Current assets | 29/58 | €26,243 | €26,259 | +€16 | +0.1% |
| Amounts receivable within one year | 40/41 | €24,498 | €25,175 | +€677 | +2.8% |
| Trade receivables | 40 | €24,478 | €20,995 | -€3,484 | -14.2% |
| Other amounts receivable | 41 | €20 | €4,180 | +€4,160 | +20802.4% |
| Deferred charges and accrued income | 490/1 | €1,745 | €1,084 | -€661 | -37.9% |
| Total equity and liabilities | 10/49 | €461,368 | €426,567 | -€34,801 | -7.5% |
| Equity | 10/15 | €89,100 | €118,302 | +€29,202 | +32.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,123 | €59,325 | +€29,202 | +96.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,263 | €57,465 | +€29,202 | +103.3% |
| Profit (loss) carried forward | 14 | €46,577 | €46,577 | = | 0.0% |
| Amounts payable | 17/49 | €372,268 | €308,265 | -€64,004 | -17.2% |
| Amounts payable after more than one year | 17 | €218,655 | €196,738 | -€21,917 | -10.0% |
| Financial debts | 170/4 | €218,655 | €196,738 | -€21,917 | -10.0% |
| Amounts payable within one year | 42/48 | €153,613 | €111,527 | -€42,087 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €23,661 | €21,917 | -€1,744 | -7.4% |
| Financial debts | 43 | €75,482 | €61,834 | -€13,648 | -18.1% |
| Credit institutions | 430/8 | €75,482 | €61,834 | -€13,648 | -18.1% |
| Trade debts | 44 | €44,252 | €20,371 | -€23,881 | -54.0% |
| Suppliers | 440/4 | €44,252 | €20,371 | -€23,881 | -54.0% |
| Taxes, remuneration and social security | 45 | €4,620 | €7,404 | +€2,785 | +60.3% |
| Taxes | 450/3 | €4,620 | €7,404 | +€2,785 | +60.3% |
| Other amounts payable | 47/48 | €5,599 | - | -€5,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,042 | €38,206 | -€836 | -2.1% |
| Other operating charges | 640/8 | €7,617 | €3,526 | -€4,090 | -53.7% |
| Gross operating margin | 9900 | €168,437 | €92,626 | -€75,811 | -45.0% |
| Operating profit (loss) | 9901 | €121,778 | €50,893 | -€70,885 | -58.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €21,376 | €15,090 | -€6,286 | -29.4% |
| Recurring financial charges | 65 | €21,376 | €15,090 | -€6,286 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €100,403 | €35,806 | -€64,597 | -64.3% |
| Income taxes | 67/77 | €373 | €6,604 | +€6,231 | +1670.0% |
| Profit (loss) for the period | 9904 | €100,029 | €29,202 | -€70,827 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €100,029 | €29,202 | -€70,827 | -70.8% |
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 5 October 2026 via checked.be.