RDW Security: 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 Security
Largest movements
- Receivables within one year +€7,870
up €7,870 (+12.5%), from €63,145 to €71,015
of which Trade receivables: +€6,836
- Cash +€5,159
up €5,159 (+432.1%), from €1,194 to €6,353
mainly Tax, wage and social debts (+€8,834) and Other debts (+€7,281)
- Trade debts -€10,989
down €10,989 (-50.4%), from €21,818 to €10,828
- Tax, wage and social debts +€8,834
up €8,834 (+14.1%), from €62,792 to €71,627
of which Taxes: +€17,671
- Other debts +€7,281
up €7,281 (+38.1%), from €19,111 to €26,392
- Reserves +€7,049
up €7,049 (+37.5%), from €18,811 to €25,860
- Staff costs -€21,358
down €21,358 (-10.1%), from €211,148 to €189,790
- Gross operating margin +€14,579
up €14,579 (+7.5%), from €194,474 to €209,052
- Other operating charges +€5,853
up €5,853 (+182.4%), from €3,208 to €9,061
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 | €141,138 | €153,323 | +€12,186 | +8.6% |
| Fixed assets | 21/28 | €15,100 | €14,201 | -€899 | -6.0% |
| Tangible fixed assets | 22/27 | €2,600 | €1,701 | -€899 | -34.6% |
| Plant, machinery and equipment | 23 | €1,900 | €1,425 | -€475 | -25.0% |
| Furniture and vehicles | 24 | €700 | €276 | -€424 | -60.6% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €126,037 | €139,122 | +€13,085 | +10.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,145 | €71,015 | +€7,870 | +12.5% |
| Trade receivables | 40 | €62,968 | €69,804 | +€6,836 | +10.9% |
| Other amounts receivable | 41 | €178 | €1,211 | +€1,034 | +581.8% |
| Cash at bank and in hand | 54/58 | €1,194 | €6,353 | +€5,159 | +432.1% |
| Deferred charges and accrued income | 490/1 | €1,698 | €1,754 | +€56 | +3.3% |
| Total equity and liabilities | 10/49 | €141,138 | €153,323 | +€12,186 | +8.6% |
| Equity | 10/15 | €37,411 | €44,460 | +€7,049 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,811 | €25,860 | +€7,049 | +37.5% |
| Distributable reserves | 133 | €18,811 | €25,860 | +€7,049 | +37.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €103,727 | €108,863 | +€5,136 | +5.0% |
| Amounts payable within one year | 42/48 | €103,727 | €108,863 | +€5,136 | +5.0% |
| Financial debts | 43 | €6 | €17 | +€11 | +174.6% |
| Credit institutions | 430/8 | €6 | €17 | +€11 | +174.6% |
| Trade debts | 44 | €21,818 | €10,828 | -€10,989 | -50.4% |
| Suppliers | 440/4 | €21,818 | €10,828 | -€10,989 | -50.4% |
| Taxes, remuneration and social security | 45 | €62,792 | €71,627 | +€8,834 | +14.1% |
| Taxes | 450/3 | €27,720 | €45,391 | +€17,671 | +63.7% |
| Remuneration and social security | 454/9 | €35,072 | €26,236 | -€8,836 | -25.2% |
| Other amounts payable | 47/48 | €19,111 | €26,392 | +€7,281 | +38.1% |
| Remuneration, social security and pensions | 62 | €211,148 | €189,790 | -€21,358 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €1,312 | -€789 | -37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,208 | €9,061 | +€5,853 | +182.4% |
| Gross operating margin | 9900 | €194,474 | €209,052 | +€14,579 | +7.5% |
| Operating profit (loss) | 9901 | -€21,983 | €8,890 | +€30,874 | |
| Financial income | 75/76B | €1,698 | €1,698 | = | 0.0% |
| Recurring financial income | 75 | €1,698 | €1,698 | = | 0.0% |
| Financial charges | 65/66B | €2,042 | €3,352 | +€1,310 | +64.2% |
| Recurring financial charges | 65 | €2,042 | €3,352 | +€1,310 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,327 | €7,236 | +€29,564 | |
| Profit (loss) for the period | 9904 | -€22,327 | €7,236 | +€29,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,327 | €7,236 | +€29,564 |
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 9 October 2026 via checked.be.