La Ressa: 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.
La Ressa
Largest movements
- Receivables within one year +€123,605
up €123,605 (+264.4%), from €46,750 to €170,355
of which Trade receivables: +€146,296
- Stocks and contracts +€74,045
up €74,045 (+506.2%), from €14,629 to €88,674
- Cash +€16,928
up €16,928 (+169.4%), from €9,995 to €26,923
mainly Net result for the year (+€102,793) and Short-term financial debts (+€65,000)
- Reserves +€102,793
up €102,793 (+355.0%), from €28,957 to €131,749
- Short-term financial debts +€65,000
new in 2025: €65,000
- Tax, wage and social debts +€44,800
up €44,800 (+464.7%), from €9,640 to €54,440
of which Taxes: +€46,800
- Gross operating margin +€139,934
up €139,934 (+1039.7%), from €13,459 to €153,393
- Taxes +€40,158
up €40,158 (+1181.2%), from €3,400 to €43,558
- Financial charges +€3,915
up €3,915 (+4913.3%), from €80 to €3,995
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 | €77,227 | €292,865 | +€215,639 | +279.2% |
| Fixed assets | 21/28 | €3,936 | €5,194 | +€1,258 | +32.0% |
| Tangible fixed assets | 22/27 | €3,936 | €5,194 | +€1,258 | +32.0% |
| Plant, machinery and equipment | 23 | - | €1,772 | +€1,772 | |
| Other tangible fixed assets | 26 | €3,936 | €3,422 | -€513 | -13.0% |
| Current assets | 29/58 | €73,291 | €287,671 | +€214,380 | +292.5% |
| Stocks and contracts in progress | 3 | €14,629 | €88,674 | +€74,045 | +506.2% |
| Stocks | 30/36 | €14,629 | €88,674 | +€74,045 | +506.2% |
| Amounts receivable within one year | 40/41 | €46,750 | €170,355 | +€123,605 | +264.4% |
| Trade receivables | 40 | €23,612 | €169,907 | +€146,296 | +619.6% |
| Other amounts receivable | 41 | €23,138 | €448 | -€22,690 | -98.1% |
| Cash at bank and in hand | 54/58 | €9,995 | €26,923 | +€16,928 | +169.4% |
| Deferred charges and accrued income | 490/1 | €1,917 | €1,719 | -€198 | -10.3% |
| Total equity and liabilities | 10/49 | €77,227 | €292,865 | +€215,639 | +279.2% |
| Equity | 10/15 | €33,957 | €136,749 | +€102,793 | +302.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,957 | €131,749 | +€102,793 | +355.0% |
| Distributable reserves | 133 | €28,957 | €131,749 | +€102,793 | +355.0% |
| Amounts payable | 17/49 | €43,270 | €156,116 | +€112,846 | +260.8% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,270 | €141,116 | +€112,846 | +399.2% |
| Financial debts | 43 | - | €65,000 | +€65,000 | |
| Credit institutions | 430/8 | - | €65,000 | +€65,000 | |
| Trade debts | 44 | €7,501 | €8,756 | +€1,255 | +16.7% |
| Suppliers | 440/4 | €7,501 | €8,756 | +€1,255 | +16.7% |
| Advances received on contracts in progress | 46 | - | €20 | +€20 | |
| Taxes, remuneration and social security | 45 | €9,640 | €54,440 | +€44,800 | +464.7% |
| Taxes | 450/3 | €3,640 | €50,440 | +€46,800 | +1285.7% |
| Remuneration and social security | 454/9 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Other amounts payable | 47/48 | €11,129 | €12,901 | +€1,771 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €674 | -€155 | -18.6% |
| Other operating charges | 640/8 | €290 | €865 | +€575 | +198.3% |
| Non-recurring operating charges | 66A | - | €1,600 | +€1,600 | |
| Gross operating margin | 9900 | €13,459 | €153,393 | +€139,934 | +1039.7% |
| Operating profit (loss) | 9901 | €12,340 | €150,254 | +€137,914 | +1117.6% |
| Financial income | 75/76B | €48 | €92 | +€44 | +91.9% |
| Recurring financial income | 75 | €48 | €92 | +€44 | +91.9% |
| Financial charges | 65/66B | €80 | €3,995 | +€3,915 | +4913.3% |
| Recurring financial charges | 65 | €80 | €3,995 | +€3,915 | +4913.3% |
| Profit (loss) for the period before taxes | 9903 | €12,309 | €146,351 | +€134,042 | +1089.0% |
| Income taxes | 67/77 | €3,400 | €43,558 | +€40,158 | +1181.2% |
| Profit (loss) for the period | 9904 | €8,909 | €102,793 | +€93,884 | +1053.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,909 | €102,793 | +€93,884 | +1053.8% |
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.