RDW Consulting: 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.
RDW Consulting
Largest movements
- Receivables within one year -€38,553
down €38,553 (-73.0%), from €52,803 to €14,250
of which Trade receivables: -€37,746
- Tangible fixed assets -€35,060
down €35,060 (-5.2%), from €669,624 to €634,564
of which Land and buildings: -€30,995
- Cash +€21,500
up €21,500 (+663%), from €3,243 to €24,743
mainly Receivables within one year (+€38,553) and Depreciation (+€35,060)
- Deferred charges and accrued income +€10,913
up €10,913 (+158%), from €6,918 to €17,831
- Debts after one year -€51,118
down €51,118 (-9.8%), from €521,790 to €470,672
of which Other amounts payable: -€240,155
- Reserves +€10,830
up €10,830 (+8.5%), from €127,628 to €138,458
- Financial charges -€3,977
down €3,977 (-14.1%), from €28,148 to €24,171
- Taxes +€2,516
up €2,516 (+35.0%), from €7,192 to €9,708
- Gross operating margin -€2,095
down €2,095 (-2.5%), from €85,442 to €83,347
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 | €732,589 | €691,388 | -€41,201 | -5.6% |
| Fixed assets | 21/28 | €669,624 | €634,564 | -€35,060 | -5.2% |
| Tangible fixed assets | 22/27 | €669,624 | €634,564 | -€35,060 | -5.2% |
| Land and buildings | 22 | €658,532 | €627,536 | -€30,995 | -4.7% |
| Plant, machinery and equipment | 23 | €1,976 | €1,160 | -€816 | -41.3% |
| Furniture and vehicles | 24 | €9,117 | €5,867 | -€3,249 | -35.6% |
| Current assets | 29/58 | €62,965 | €56,824 | -€6,140 | -9.8% |
| Amounts receivable within one year | 40/41 | €52,803 | €14,250 | -€38,553 | -73.0% |
| Trade receivables | 40 | €51,996 | €14,250 | -€37,746 | -72.6% |
| Other amounts receivable | 41 | €808 | - | -€808 | |
| Cash at bank and in hand | 54/58 | €3,243 | €24,743 | +€21,500 | +663% |
| Deferred charges and accrued income | 490/1 | €6,918 | €17,831 | +€10,913 | +158% |
| Total equity and liabilities | 10/49 | €732,589 | €691,388 | -€41,201 | -5.6% |
| Equity | 10/15 | €145,181 | €157,058 | +€11,877 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,628 | €138,458 | +€10,830 | +8.5% |
| Distributable reserves | 133 | €127,628 | €138,458 | +€10,830 | +8.5% |
| Profit (loss) carried forward | 14 | -€1,047 | - | +€1,047 | |
| Amounts payable | 17/49 | €587,408 | €534,330 | -€53,078 | -9.0% |
| Amounts payable after more than one year | 17 | €521,790 | €470,672 | -€51,118 | -9.8% |
| Financial debts | 170/4 | €281,636 | €470,672 | +€189,037 | +67.1% |
| Other amounts payable | 178/9 | €240,155 | - | -€240,155 | |
| Amounts payable within one year | 42/48 | €65,618 | €63,658 | -€1,960 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €35,802 | €29,537 | -€6,265 | -17.5% |
| Financial debts | 43 | €8,000 | €9,000 | +€1,000 | +12.5% |
| Credit institutions | 430/8 | €8,000 | €9,000 | +€1,000 | +12.5% |
| Trade debts | 44 | €2,890 | €6,696 | +€3,806 | +132% |
| Suppliers | 440/4 | €2,890 | €6,696 | +€3,806 | +132% |
| Taxes, remuneration and social security | 45 | €18,926 | €18,426 | -€500 | -2.6% |
| Taxes | 450/3 | €18,926 | €18,426 | -€500 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,705 | €35,060 | -€645 | -1.8% |
| Other operating charges | 640/8 | €2,568 | €2,530 | -€37 | -1.5% |
| Gross operating margin | 9900 | €85,442 | €83,347 | -€2,095 | -2.5% |
| Operating profit (loss) | 9901 | €47,169 | €45,756 | -€1,413 | -3.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €28,148 | €24,171 | -€3,977 | -14.1% |
| Recurring financial charges | 65 | €28,148 | €24,171 | -€3,977 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €19,021 | €21,585 | +€2,565 | +13.5% |
| Income taxes | 67/77 | €7,192 | €9,708 | +€2,516 | +35.0% |
| Profit (loss) for the period | 9904 | €11,828 | €11,877 | +€49 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,828 | €11,877 | +€49 | +0.4% |
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 23 October 2026 via checked.be.