Le Ressort: 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.
Le Ressort
Largest movements
- Tangible fixed assets +€952,942
up €952,942 (+55.3%), from €1.7m to €2.7m
of which Land and buildings: +€1.3m
- Receivables within one year -€577,789
down €577,789 (-65.7%), from €878,926 to €301,137
of which Other amounts receivable: -€486,955
- Cash +€173,092
up €173,092 (+126%), from €137,367 to €310,459
mainly Receivables within one year (+€577,789) and Accrued charges and deferred income (+€431,235)
- Current investments +€163,489
up €163,489 (+24.0%), from €681,718 to €845,207
- Deferred charges and accrued income -€51,010
down €51,010 (-55.5%), from €91,882 to €40,873
- Accrued charges and deferred income +€431,235
up €431,235 (+164%), from €262,640 to €693,876
- Investment grants +€234,701
up €234,701 (+17.4%), from €1.4m to €1.6m
- Gross operating margin +€310,096
up €310,096 (+11.2%), from €2.8m to €3.1m
- Staff costs +€215,799
up €215,799 (+8.8%), from €2.4m to €2.7m
- Other operating charges +€54,943
up €54,943 (+46.1%), from €119,249 to €174,192
- Turnover +€45,460
up €45,460 (+5.2%), from €877,207 to €922,667
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 | €3,514,545 | €4,178,268 | +€663,723 | +18.9% |
| Fixed assets | 21/28 | €1,724,651 | €2,680,593 | +€955,942 | +55.4% |
| Tangible fixed assets | 22/27 | €1,723,401 | €2,676,343 | +€952,942 | +55.3% |
| Land and buildings | 22 | €1,140,091 | €2,419,904 | +€1.3m | +112% |
| Plant, machinery and equipment | 23 | €12,836 | €55,135 | +€42,300 | +330% |
| Furniture and vehicles | 24 | €30,129 | €110,869 | +€80,740 | +268% |
| Other tangible fixed assets | 26 | €1,119 | €229 | -€891 | -79.6% |
| Assets under construction and advance payments | 27 | €539,226 | €90,205 | -€449,021 | -83.3% |
| Financial fixed assets | 28 | €1,250 | €4,250 | +€3,000 | +240% |
| Current assets | 29/58 | €1,789,894 | €1,497,676 | -€292,218 | -16.3% |
| Amounts receivable within one year | 40/41 | €878,926 | €301,137 | -€577,789 | -65.7% |
| Trade receivables | 40 | €313,316 | €222,482 | -€90,834 | -29.0% |
| Other amounts receivable | 41 | €565,610 | €78,655 | -€486,955 | -86.1% |
| Current investments | 50/53 | €681,718 | €845,207 | +€163,489 | +24.0% |
| Cash at bank and in hand | 54/58 | €137,367 | €310,459 | +€173,092 | +126% |
| Deferred charges and accrued income | 490/1 | €91,882 | €40,873 | -€51,010 | -55.5% |
| Total equity and liabilities | 10/49 | €3,514,545 | €4,178,268 | +€663,723 | +18.9% |
| Equity | 10/15 | €2,359,731 | €2,607,575 | +€247,844 | +10.5% |
| Contributions | 10/11 | €423,217 | €423,217 | = | 0.0% |
| Capital | 10 | €423,217 | €423,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €584,053 | €597,196 | +€13,143 | +2.3% |
| Investment grants | 15 | €1,352,461 | €1,587,162 | +€234,701 | +17.4% |
| Amounts payable | 17/49 | €1,154,814 | €1,570,693 | +€415,879 | +36.0% |
| Amounts payable after more than one year | 17 | €440,216 | €415,082 | -€25,135 | -5.7% |
| Financial debts | 170/4 | €438,741 | €413,607 | -€25,135 | -5.7% |
| Other amounts payable | 178/9 | €1,475 | €1,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €451,957 | €461,736 | +€9,779 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €25,698 | €25,135 | -€563 | -2.2% |
| Trade debts | 44 | €91,345 | €113,647 | +€22,302 | +24.4% |
| Suppliers | 440/4 | €90,271 | €109,524 | +€19,252 | +21.3% |
| Bills of exchange payable | 441 | €1,074 | €4,124 | +€3,050 | +284% |
| Taxes, remuneration and social security | 45 | €251,863 | €249,521 | -€2,342 | -0.9% |
| Remuneration and social security | 454/9 | €251,863 | €249,521 | -€2,342 | -0.9% |
| Accrued charges and deferred income | 492/3 | €262,640 | €693,876 | +€431,235 | +164% |
| Turnover | 70 | €877,207 | €922,667 | +€45,460 | +5.2% |
| Membership fees, donations, legacies and grants | 73 | €2,247,201 | €2,337,785 | +€90,584 | +4.0% |
| Non-recurring operating income | 76A | €0 | €169,656 | +€169,656 | |
| Goods, raw materials, services and sundry goods | 60/61 | €349,646 | €345,250 | -€4,396 | -1.3% |
| Remuneration, social security and pensions | 62 | €2,440,778 | €2,656,578 | +€215,799 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,686 | €82,859 | +€10,172 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €988 | +€988 | |
| Other operating charges | 640/8 | €119,249 | €174,192 | +€54,943 | +46.1% |
| Non-recurring operating charges | 66A | - | €169,656 | +€169,656 | |
| Gross operating margin | 9900 | €2,774,762 | €3,084,858 | +€310,096 | +11.2% |
| Operating profit (loss) | 9901 | €142,048 | €584 | -€141,464 | -99.6% |
| Financial income | 75/76B | €8,160 | €30,829 | +€22,670 | +278% |
| Recurring financial income | 75 | €8,160 | €30,829 | +€22,670 | +278% |
| Financial charges | 65/66B | €19,315 | €18,271 | -€1,044 | -5.4% |
| Recurring financial charges | 65 | €19,315 | €18,271 | -€1,044 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €130,892 | €13,143 | -€117,749 | -90.0% |
| Profit (loss) for the period | 9904 | €130,892 | €13,143 | -€117,749 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,892 | €13,143 | -€117,749 | -90.0% |
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 28 October 2026 via checked.be.