RVD Transport: 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.
RVD Transport
Largest movements
- Cash +€30,204
up €30,204 (+46.8%), from €64,594 to €94,799
mainly Depreciation (+€51,416) and Net result for the year (+€40,597)
- Receivables within one year -€28,371
down €28,371 (-34.7%), from €81,823 to €53,452
of which Trade receivables: -€40,767
- Tangible fixed assets -€7,781
down €7,781 (-4.5%), from €174,275 to €166,495
- Reserves +€40,597
up €40,597 (+29.4%), from €137,855 to €178,452
of which Tax-exempt reserves: +€35,000
- Trade debts -€38,983
down €38,983 (-67.3%), from €57,906 to €18,923
- Debts after one year -€11,602
down €11,602 (-24.2%), from €47,887 to €36,285
- Tax, wage and social debts +€3,474
up €3,474 (+51.3%), from €6,768 to €10,242
of which Taxes: +€3,282
- Gross operating margin +€41,782
up €41,782 (+32.9%), from €127,121 to €168,903
- Depreciation +€34,117
up €34,117 (+197%), from €17,298 to €51,416
- Taxes -€6,036
down €6,036 (-73.4%), from €8,220 to €2,184
- Staff costs +€5,489
up €5,489 (+8.4%), from €65,288 to €70,778
- Write-downs -€2,268
new in 2025: -€2,268
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 | €323,692 | €318,306 | -€5,386 | -1.7% |
| Fixed assets | 21/28 | €175,333 | €167,553 | -€7,781 | -4.4% |
| Tangible fixed assets | 22/27 | €174,275 | €166,495 | -€7,781 | -4.5% |
| Furniture and vehicles | 24 | €174,275 | €166,495 | -€7,781 | -4.5% |
| Financial fixed assets | 28 | €1,058 | €1,058 | = | 0.0% |
| Current assets | 29/58 | €148,359 | €150,753 | +€2,394 | +1.6% |
| Amounts receivable within one year | 40/41 | €81,823 | €53,452 | -€28,371 | -34.7% |
| Trade receivables | 40 | €75,336 | €34,569 | -€40,767 | -54.1% |
| Other amounts receivable | 41 | €6,487 | €18,884 | +€12,396 | +191% |
| Cash at bank and in hand | 54/58 | €64,594 | €94,799 | +€30,204 | +46.8% |
| Deferred charges and accrued income | 490/1 | €1,942 | €2,502 | +€561 | +28.9% |
| Total equity and liabilities | 10/49 | €323,692 | €318,306 | -€5,386 | -1.7% |
| Equity | 10/15 | €156,455 | €197,052 | +€40,597 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,855 | €178,452 | +€40,597 | +29.4% |
| Tax-exempt reserves | 132 | €47,686 | €82,686 | +€35,000 | +73.4% |
| Distributable reserves | 133 | €90,168 | €95,766 | +€5,597 | +6.2% |
| Amounts payable | 17/49 | €167,237 | €121,254 | -€45,984 | -27.5% |
| Amounts payable after more than one year | 17 | €47,887 | €36,285 | -€11,602 | -24.2% |
| Financial debts | 170/4 | €47,887 | €36,285 | -€11,602 | -24.2% |
| Amounts payable within one year | 42/48 | €119,350 | €84,968 | -€34,382 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €11,198 | €11,602 | +€404 | +3.6% |
| Trade debts | 44 | €57,906 | €18,923 | -€38,983 | -67.3% |
| Suppliers | 440/4 | €57,906 | €18,923 | -€38,983 | -67.3% |
| Taxes, remuneration and social security | 45 | €6,768 | €10,242 | +€3,474 | +51.3% |
| Taxes | 450/3 | €436 | €3,718 | +€3,282 | +752% |
| Remuneration and social security | 454/9 | €6,331 | €6,524 | +€192 | +3.0% |
| Other amounts payable | 47/48 | €43,479 | €44,202 | +€722 | +1.7% |
| Remuneration, social security and pensions | 62 | €65,288 | €70,778 | +€5,489 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,298 | €51,416 | +€34,117 | +197% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,268 | -€2,268 | |
| Other operating charges | 640/8 | €2,860 | €5,044 | +€2,184 | +76.4% |
| Gross operating margin | 9900 | €127,121 | €168,903 | +€41,782 | +32.9% |
| Operating profit (loss) | 9901 | €41,675 | €43,934 | +€2,260 | +5.4% |
| Financial income | 75/76B | €950 | €1,203 | +€253 | +26.7% |
| Recurring financial income | 75 | €950 | €1,203 | +€253 | +26.7% |
| Financial charges | 65/66B | €918 | €2,357 | +€1,439 | +157% |
| Recurring financial charges | 65 | €918 | €2,357 | +€1,439 | +157% |
| Profit (loss) for the period before taxes | 9903 | €41,707 | €42,781 | +€1,074 | +2.6% |
| Income taxes | 67/77 | €8,220 | €2,184 | -€6,036 | -73.4% |
| Profit (loss) for the period | 9904 | €33,487 | €40,597 | +€7,111 | +21.2% |
| Transfer to tax-exempt reserves | 689 | - | €35,000 | +€35,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,487 | €5,597 | -€27,889 | -83.3% |
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.