RSDR: 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.
RSDR
Largest movements
- Receivables within one year +€5,674
up €5,674 (+44.2%), from €12,831 to €18,505
- Cash -€4,950
down €4,950 (-97.0%), from €5,103 to €153
mainly Receivables within one year (-€5,674) and Tax, wage and social debts (-€4,680)
- Tangible fixed assets -€4,043
down €4,043 (-15.2%), from €26,540 to €22,496
of which Land and buildings: -€3,384
- Stocks and contracts +€2,629
up €2,629 (+33.4%), from €7,863 to €10,493
- Trade debts +€11,459
up €11,459 (+17.2%), from €66,704 to €78,163
- Tax, wage and social debts -€4,680
down €4,680 (-32.5%), from €14,411 to €9,731
of which Remuneration and social security: -€3,643
- Debts after one year -€4,090
down €4,090 (-36.2%), from €11,310 to €7,220
- Profit (loss) carried forward -€3,594
down €3,594 (-6.6%), from -€54,817 to -€58,411
- Gross operating margin +€50,613
up €50,613 (+81.0%), from €62,501 to €113,114
- Staff costs +€15,746
up €15,746 (+17.8%), from €88,266 to €104,013
- Financial charges +€2,264
up €2,264 (+147.9%), from €1,531 to €3,795
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,945 | €55,337 | -€609 | -1.1% |
| Fixed assets | 21/28 | €30,090 | €26,046 | -€4,043 | -13.4% |
| Tangible fixed assets | 22/27 | €26,540 | €22,496 | -€4,043 | -15.2% |
| Land and buildings | 22 | €24,276 | €20,891 | -€3,384 | -13.9% |
| Furniture and vehicles | 24 | €2,264 | €1,605 | -€659 | -29.1% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €25,856 | €29,290 | +€3,435 | +13.3% |
| Stocks and contracts in progress | 3 | €7,863 | €10,493 | +€2,629 | +33.4% |
| Stocks | 30/36 | €7,863 | €10,493 | +€2,629 | +33.4% |
| Amounts receivable within one year | 40/41 | €12,831 | €18,505 | +€5,674 | +44.2% |
| Other amounts receivable | 41 | €12,831 | €18,505 | +€5,674 | +44.2% |
| Cash at bank and in hand | 54/58 | €5,103 | €153 | -€4,950 | -97.0% |
| Deferred charges and accrued income | 490/1 | €59 | €140 | +€81 | +137.7% |
| Total equity and liabilities | 10/49 | €55,945 | €55,337 | -€609 | -1.1% |
| Equity | 10/15 | -€42,189 | -€45,783 | -€3,594 | -8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €228 | €228 | = | 0.0% |
| Non-distributable reserves | 130/1 | €228 | €228 | = | 0.0% |
| Reserves not available under the articles | 1311 | €228 | €228 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,817 | -€58,411 | -€3,594 | -6.6% |
| Amounts payable | 17/49 | €98,134 | €101,120 | +€2,986 | +3.0% |
| Amounts payable after more than one year | 17 | €11,310 | €7,220 | -€4,090 | -36.2% |
| Financial debts | 170/4 | €11,310 | €7,220 | -€4,090 | -36.2% |
| Amounts payable within one year | 42/48 | €86,824 | €93,900 | +€7,076 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €3,765 | €4,090 | +€326 | +8.7% |
| Financial debts | 43 | €1,945 | €1,916 | -€29 | -1.5% |
| Credit institutions | 430/8 | €1,945 | €1,916 | -€29 | -1.5% |
| Trade debts | 44 | €66,704 | €78,163 | +€11,459 | +17.2% |
| Suppliers | 440/4 | €66,704 | €78,163 | +€11,459 | +17.2% |
| Taxes, remuneration and social security | 45 | €14,411 | €9,731 | -€4,680 | -32.5% |
| Taxes | 450/3 | €7,204 | €6,167 | -€1,037 | -14.4% |
| Remuneration and social security | 454/9 | €7,206 | €3,564 | -€3,643 | -50.5% |
| Remuneration, social security and pensions | 62 | €88,266 | €104,013 | +€15,746 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,916 | €4,043 | +€127 | +3.2% |
| Other operating charges | 640/8 | €6,287 | €5,833 | -€453 | -7.2% |
| Gross operating margin | 9900 | €62,501 | €113,114 | +€50,613 | +81.0% |
| Operating profit (loss) | 9901 | -€35,968 | -€775 | +€35,193 | +97.8% |
| Financial income | 75/76B | €971 | €1,661 | +€690 | +71.1% |
| Recurring financial income | 75 | €971 | €1,661 | +€690 | +71.1% |
| Financial charges | 65/66B | €1,531 | €3,795 | +€2,264 | +147.9% |
| Recurring financial charges | 65 | €1,531 | €3,795 | +€2,264 | +147.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,528 | -€2,909 | +€33,619 | +92.0% |
| Income taxes | 67/77 | - | €685 | +€685 | |
| Profit (loss) for the period | 9904 | -€36,528 | -€3,594 | +€32,934 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,528 | -€3,594 | +€32,934 | +90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.