RGD SYSTEMS: 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.
RGD SYSTEMS
Largest movements
- Cash +€25,122
up €25,122 (+177%), from €14,170 to €39,292
mainly Tax, wage and social debts (+€21,919) and Receivables within one year (+€21,547)
- Receivables within one year -€21,547
down €21,547 (-23.8%), from €90,457 to €68,910
of which Trade receivables: -€21,506
- Stocks and contracts -€21,141
down €21,141 (-55.2%), from €38,286 to €17,145
- Tangible fixed assets -€1,785
down €1,785 (-31.7%), from €5,634 to €3,848
of which Plant, machinery and equipment: -€1,785
- Trade debts -€28,190
down €28,190 (-42.4%), from €66,547 to €38,358
- Tax, wage and social debts +€21,919
up €21,919 (+81.1%), from €27,015 to €48,933
of which Remuneration and social security: +€17,733
- Other debts -€9,645
down €9,645 (-69.5%), from €13,886 to €4,241
- Profit (loss) carried forward -€3,888
down €3,888 (-10.4%), from €37,284 to €33,396
- Staff costs +€33,054
up €33,054 (+37.2%), from €88,878 to €121,932
- Gross operating margin +€12,364
up €12,364 (+10.3%), from €120,198 to €132,562
- Other operating charges +€8,817
up €8,817 (+858%), from €1,028 to €9,845
- Taxes -€4,278
down €4,278 (-80.0%), from €5,348 to €1,070
- Financial charges -€1,936
down €1,936 (-50.7%), from €3,820 to €1,884
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 | €154,432 | €134,628 | -€19,804 | -12.8% |
| Formation expenses | 20 | €640 | €345 | -€295 | -46.1% |
| Fixed assets | 21/28 | €10,004 | €8,219 | -€1,785 | -17.8% |
| Tangible fixed assets | 22/27 | €5,634 | €3,848 | -€1,785 | -31.7% |
| Plant, machinery and equipment | 23 | €5,634 | €3,848 | -€1,785 | -31.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €4,371 | €4,371 | = | 0.0% |
| Current assets | 29/58 | €143,787 | €126,064 | -€17,724 | -12.3% |
| Stocks and contracts in progress | 3 | €38,286 | €17,145 | -€21,141 | -55.2% |
| Stocks | 30/36 | €38,286 | €17,145 | -€21,141 | -55.2% |
| Amounts receivable within one year | 40/41 | €90,457 | €68,910 | -€21,547 | -23.8% |
| Trade receivables | 40 | €90,387 | €68,881 | -€21,506 | -23.8% |
| Other amounts receivable | 41 | €70 | €29 | -€41 | -58.0% |
| Cash at bank and in hand | 54/58 | €14,170 | €39,292 | +€25,122 | +177% |
| Deferred charges and accrued income | 490/1 | €874 | €716 | -€158 | -18.1% |
| Total equity and liabilities | 10/49 | €154,432 | €134,628 | -€19,804 | -12.8% |
| Equity | 10/15 | €46,984 | €43,096 | -€3,888 | -8.3% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Reserves | 13 | €2,880 | €2,880 | = | 0.0% |
| Distributable reserves | 133 | €2,880 | €2,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,284 | €33,396 | -€3,888 | -10.4% |
| Amounts payable | 17/49 | €107,448 | €91,532 | -€15,916 | -14.8% |
| Amounts payable within one year | 42/48 | €107,448 | €91,532 | -€15,916 | -14.8% |
| Trade debts | 44 | €66,547 | €38,358 | -€28,190 | -42.4% |
| Suppliers | 440/4 | €66,547 | €38,358 | -€28,190 | -42.4% |
| Taxes, remuneration and social security | 45 | €27,015 | €48,933 | +€21,919 | +81.1% |
| Taxes | 450/3 | €16,252 | €20,437 | +€4,185 | +25.8% |
| Remuneration and social security | 454/9 | €10,763 | €28,496 | +€17,733 | +165% |
| Other amounts payable | 47/48 | €13,886 | €4,241 | -€9,645 | -69.5% |
| Remuneration, social security and pensions | 62 | €88,878 | €121,932 | +€33,054 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,030 | €2,081 | +€50 | +2.5% |
| Other operating charges | 640/8 | €1,028 | €9,845 | +€8,817 | +858% |
| Gross operating margin | 9900 | €120,198 | €132,562 | +€12,364 | +10.3% |
| Operating profit (loss) | 9901 | €28,261 | -€1,296 | -€29,557 | |
| Financial income | 75/76B | €340 | €361 | +€21 | +6.2% |
| Recurring financial income | 75 | €340 | €361 | +€21 | +6.2% |
| Financial charges | 65/66B | €3,820 | €1,884 | -€1,936 | -50.7% |
| Recurring financial charges | 65 | €3,820 | €1,884 | -€1,936 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €24,782 | -€2,818 | -€27,599 | |
| Income taxes | 67/77 | €5,348 | €1,070 | -€4,278 | -80.0% |
| Profit (loss) for the period | 9904 | €19,433 | -€3,888 | -€23,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,433 | -€3,888 | -€23,321 |
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 24 October 2026 via checked.be.