A-RESC: 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.
A-RESC
Largest movements
- Stocks and contracts +€30,418
up €30,418 (+98.3%), from €30,957 to €61,375
- Receivables within one year -€26,643
down €26,643 (-63.9%), from €41,720 to €15,077
of which Trade receivables: -€32,260
- Intangible fixed assets -€4,047
down €4,047 (-49.5%), from €8,170 to €4,123
- Deferred charges and accrued income -€2,035
down €2,035 (-48.2%), from €4,225 to €2,190
- Formation expenses -€1,760
down €1,760 (-15.7%), from €11,215 to €9,455
- Accrued charges and deferred income -€18,202
down €18,202 (-89.2%), from €20,413 to €2,210
- Reserves +€9,154
up €9,154 (+29.0%), from €31,616 to €40,770
of which Distributable reserves: +€9,154
- Current portion of long-term debt +€9,138
up €9,138 (+413%), from €2,213 to €11,351
- Short-term financial debts -€7,567
down €7,567 (-76.2%), from €9,928 to €2,362
- Advances received +€7,545
new in 2025: €7,545
- Gross operating margin +€15,294
up €15,294 (+90.8%), from €16,842 to €32,136
- Taxes +€3,763
up €3,763 (+306%), from €1,228 to €4,991
- Depreciation +€1,550
up €1,550 (+13.1%), from €11,793 to €13,343
- Other operating charges +€1,205
up €1,205 (+167%), from €722 to €1,926
- Financial income -€771
down €771 (-62.8%), from €1,228 to €457
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 | €114,937 | €111,650 | -€3,288 | -2.9% |
| Formation expenses | 20 | €11,215 | €9,455 | -€1,760 | -15.7% |
| Fixed assets | 21/28 | €26,760 | €23,494 | -€3,266 | -12.2% |
| Intangible fixed assets | 21 | €8,170 | €4,123 | -€4,047 | -49.5% |
| Tangible fixed assets | 22/27 | €18,301 | €19,082 | +€782 | +4.3% |
| Land and buildings | 22 | €17,375 | €14,914 | -€2,461 | -14.2% |
| Plant, machinery and equipment | 23 | €926 | €1,452 | +€526 | +56.8% |
| Furniture and vehicles | 24 | - | €2,716 | +€2,716 | |
| Financial fixed assets | 28 | €289 | €289 | = | 0.0% |
| Current assets | 29/58 | €76,962 | €78,700 | +€1,738 | +2.3% |
| Stocks and contracts in progress | 3 | €30,957 | €61,375 | +€30,418 | +98.3% |
| Contracts in progress | 37 | €30,957 | €61,375 | +€30,418 | +98.3% |
| Amounts receivable within one year | 40/41 | €41,720 | €15,077 | -€26,643 | -63.9% |
| Trade receivables | 40 | €36,995 | €4,735 | -€32,260 | -87.2% |
| Other amounts receivable | 41 | €4,725 | €10,342 | +€5,617 | +119% |
| Cash at bank and in hand | 54/58 | €60 | €59 | -€1 | -2.3% |
| Deferred charges and accrued income | 490/1 | €4,225 | €2,190 | -€2,035 | -48.2% |
| Total equity and liabilities | 10/49 | €114,937 | €111,650 | -€3,288 | -2.9% |
| Equity | 10/15 | €52,031 | €61,185 | +€9,154 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,616 | €40,770 | +€9,154 | +29.0% |
| Tax-exempt reserves | 132 | €258 | €258 | = | 0.0% |
| Distributable reserves | 133 | €31,359 | €40,512 | +€9,154 | +29.2% |
| Profit (loss) carried forward | 14 | €1,815 | €1,815 | = | 0.0% |
| Amounts payable | 17/49 | €62,906 | €50,465 | -€12,441 | -19.8% |
| Amounts payable after more than one year | 17 | €20 | €0 | -€20 | -100% |
| Financial debts | 170/4 | €20 | €0 | -€20 | -100% |
| Amounts payable within one year | 42/48 | €42,474 | €48,255 | +€5,781 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €2,213 | €11,351 | +€9,138 | +413% |
| Financial debts | 43 | €9,928 | €2,362 | -€7,567 | -76.2% |
| Credit institutions | 430/8 | €9,928 | €2,362 | -€7,567 | -76.2% |
| Trade debts | 44 | €17,237 | €18,901 | +€1,663 | +9.6% |
| Suppliers | 440/4 | €17,237 | €18,901 | +€1,663 | +9.6% |
| Advances received on contracts in progress | 46 | - | €7,545 | +€7,545 | |
| Taxes, remuneration and social security | 45 | €13,095 | €8,097 | -€4,998 | -38.2% |
| Taxes | 450/3 | €13,095 | €8,097 | -€4,998 | -38.2% |
| Accrued charges and deferred income | 492/3 | €20,413 | €2,210 | -€18,202 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,793 | €13,343 | +€1,550 | +13.1% |
| Other operating charges | 640/8 | €722 | €1,926 | +€1,205 | +167% |
| Gross operating margin | 9900 | €16,842 | €32,136 | +€15,294 | +90.8% |
| Operating profit (loss) | 9901 | €4,328 | €16,867 | +€12,539 | +290% |
| Financial income | 75/76B | €1,228 | €457 | -€771 | -62.8% |
| Recurring financial income | 75 | €1,228 | €457 | -€771 | -62.8% |
| Financial charges | 65/66B | €3,225 | €3,180 | -€46 | -1.4% |
| Recurring financial charges | 65 | €3,225 | €3,180 | -€46 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €2,331 | €14,144 | +€11,814 | +507% |
| Income taxes | 67/77 | €1,228 | €4,991 | +€3,763 | +306% |
| Profit (loss) for the period | 9904 | €1,103 | €9,154 | +€8,051 | +730% |
| Profit (loss) for the period to be appropriated | 9905 | €1,103 | €9,154 | +€8,051 | +730% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.