RW Services: 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.
RW Services
Largest movements
- Cash +€46,620
up €46,620 (+55.4%), from €84,206 to €130,826
mainly Trade debts (+€44,715) and Net result for the year (+€32,815)
- Tangible fixed assets -€3,282
down €3,282 (-11.3%), from €29,094 to €25,812
of which Furniture and vehicles: -€3,482
- Deferred charges and accrued income -€2,019
down €2,019 (-33.4%), from €6,036 to €4,017
- Trade debts +€44,715
up €44,715 (+5278.8%), from €847 to €45,562
- Accrued charges and deferred income -€11,400
down €11,400 (-100.0%), from €11,400 to €0
- Other debts +€5,170
up €5,170 (+28.5%), from €18,149 to €23,319
- Reserves +€4,245
up €4,245 (+35.4%), from €12,000 to €16,245
- Tax, wage and social debts -€1,942
down €1,942 (-44.2%), from €4,397 to €2,455
of which Remuneration and social security: -€1,176
- Gross operating margin -€23,677
down €23,677 (-14.2%), from €166,334 to €142,657
- Staff costs -€6,984
down €6,984 (-8.2%), from €85,442 to €78,458
- Taxes -€6,969
down €6,969 (-35.3%), from €19,746 to €12,777
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 | €136,933 | €178,743 | +€41,810 | +30.5% |
| Fixed assets | 21/28 | €29,094 | €25,812 | -€3,282 | -11.3% |
| Tangible fixed assets | 22/27 | €29,094 | €25,812 | -€3,282 | -11.3% |
| Plant, machinery and equipment | 23 | €8,645 | €8,844 | +€200 | +2.3% |
| Furniture and vehicles | 24 | €20,449 | €16,968 | -€3,482 | -17.0% |
| Current assets | 29/58 | €107,839 | €152,931 | +€45,092 | +41.8% |
| Amounts receivable within one year | 40/41 | €17,598 | €18,088 | +€490 | +2.8% |
| Trade receivables | 40 | €12,589 | €13,927 | +€1,338 | +10.6% |
| Other amounts receivable | 41 | €5,009 | €4,161 | -€848 | -16.9% |
| Cash at bank and in hand | 54/58 | €84,206 | €130,826 | +€46,620 | +55.4% |
| Deferred charges and accrued income | 490/1 | €6,036 | €4,017 | -€2,019 | -33.4% |
| Total equity and liabilities | 10/49 | €136,933 | €178,743 | +€41,810 | +30.5% |
| Equity | 10/15 | €88,162 | €92,407 | +€4,245 | +4.8% |
| Contributions | 10/11 | €18,942 | €18,942 | = | 0.0% |
| Reserves | 13 | €12,000 | €16,245 | +€4,245 | +35.4% |
| Distributable reserves | 133 | €12,000 | €16,245 | +€4,245 | +35.4% |
| Profit (loss) carried forward | 14 | €57,220 | €57,220 | = | 0.0% |
| Amounts payable | 17/49 | €48,771 | €86,336 | +€37,565 | +77.0% |
| Amounts payable within one year | 42/48 | €37,371 | €86,336 | +€48,965 | +131.0% |
| Current portion of amounts payable after more than one year | 42 | €13,978 | €15,000 | +€1,022 | +7.3% |
| Trade debts | 44 | €847 | €45,562 | +€44,715 | +5278.8% |
| Suppliers | 440/4 | €847 | €45,562 | +€44,715 | +5278.8% |
| Taxes, remuneration and social security | 45 | €4,397 | €2,455 | -€1,942 | -44.2% |
| Taxes | 450/3 | €1,200 | €434 | -€766 | -63.8% |
| Remuneration and social security | 454/9 | €3,197 | €2,021 | -€1,176 | -36.8% |
| Other amounts payable | 47/48 | €18,149 | €23,319 | +€5,170 | +28.5% |
| Accrued charges and deferred income | 492/3 | €11,400 | €0 | -€11,400 | -100.0% |
| Remuneration, social security and pensions | 62 | €85,442 | €78,458 | -€6,984 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,064 | €9,174 | +€1,109 | +13.8% |
| Other operating charges | 640/8 | €1,587 | €2,084 | +€498 | +31.4% |
| Non-recurring operating charges | 66A | - | €6,556 | +€6,556 | |
| Gross operating margin | 9900 | €166,334 | €142,657 | -€23,677 | -14.2% |
| Operating profit (loss) | 9901 | €71,240 | €46,385 | -€24,855 | -34.9% |
| Financial charges | 65/66B | €355 | €793 | +€438 | +123.4% |
| Recurring financial charges | 65 | €355 | €793 | +€438 | +123.4% |
| Profit (loss) for the period before taxes | 9903 | €70,885 | €45,592 | -€25,293 | -35.7% |
| Income taxes | 67/77 | €19,746 | €12,777 | -€6,969 | -35.3% |
| Profit (loss) for the period | 9904 | €51,139 | €32,815 | -€18,324 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,139 | €32,815 | -€18,324 | -35.8% |
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 10 October 2026 via checked.be.