R.S: what changed
Two fiscal 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.
R.S
Largest movements
- Receivables within one year -€8,749
down €8,749 (-61.2%), from €14,304 to €5,555
of which Trade receivables: -€9,354
- Tangible fixed assets -€3,564
down €3,564 (-33.3%), from €10,689 to €7,126
of which Furniture and vehicles: -€3,176
- Deferred charges and accrued income -€859
down €859 (-12.6%), from €6,810 to €5,950
- Cash -€763
down €763 (-2.2%), from €34,949 to €34,186
mainly Trade debts (-€12,350) and Other debts (-€6,435)
- Trade debts -€12,350
down €12,350 (-78.7%), from €15,684 to €3,334
- Other debts -€6,435
down €6,435 (-21.7%), from €29,649 to €23,214
- Tax, wage and social debts +€5,353
up €5,353 (+30.5%), from €17,573 to €22,926
of which Remuneration and social security: +€5,727
- Staff costs +€10,387
up €10,387 (+8.7%), from €119,426 to €129,813
- Gross operating margin +€6,632
up €6,632 (+5.0%), from €132,453 to €139,085
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 | €71,425 | €57,799 | -€13,626 | -19.1% |
| Fixed assets | 21/28 | €12,424 | €8,861 | -€3,564 | -28.7% |
| Tangible fixed assets | 22/27 | €10,689 | €7,126 | -€3,564 | -33.3% |
| Land and buildings | 22 | €1,204 | €984 | -€220 | -18.3% |
| Plant, machinery and equipment | 23 | €266 | €98 | -€168 | -63.1% |
| Furniture and vehicles | 24 | €9,219 | €6,043 | -€3,176 | -34.4% |
| Financial fixed assets | 28 | €1,735 | €1,735 | = | 0.0% |
| Current assets | 29/58 | €59,000 | €48,938 | -€10,062 | -17.1% |
| Stocks and contracts in progress | 3 | €2,938 | €3,247 | +€309 | +10.5% |
| Stocks | 30/36 | €2,938 | €3,247 | +€309 | +10.5% |
| Amounts receivable within one year | 40/41 | €14,304 | €5,555 | -€8,749 | -61.2% |
| Trade receivables | 40 | €12,874 | €3,520 | -€9,354 | -72.7% |
| Other amounts receivable | 41 | €1,430 | €2,036 | +€606 | +42.3% |
| Cash at bank and in hand | 54/58 | €34,949 | €34,186 | -€763 | -2.2% |
| Deferred charges and accrued income | 490/1 | €6,810 | €5,950 | -€859 | -12.6% |
| Total equity and liabilities | 10/49 | €71,425 | €57,799 | -€13,626 | -19.1% |
| Equity | 10/15 | €8,519 | €8,325 | -€194 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €459 | €265 | -€194 | -42.2% |
| Amounts payable | 17/49 | €62,905 | €49,474 | -€13,432 | -21.4% |
| Amounts payable within one year | 42/48 | €62,905 | €49,474 | -€13,432 | -21.4% |
| Trade debts | 44 | €15,684 | €3,334 | -€12,350 | -78.7% |
| Suppliers | 440/4 | €15,684 | €3,334 | -€12,350 | -78.7% |
| Taxes, remuneration and social security | 45 | €17,573 | €22,926 | +€5,353 | +30.5% |
| Taxes | 450/3 | €957 | €583 | -€374 | -39.1% |
| Remuneration and social security | 454/9 | €16,616 | €22,343 | +€5,727 | +34.5% |
| Other amounts payable | 47/48 | €29,649 | €23,214 | -€6,435 | -21.7% |
| Remuneration, social security and pensions | 62 | €119,426 | €129,813 | +€10,387 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,131 | €5,364 | +€233 | +4.5% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €132,453 | €139,085 | +€6,632 | +5.0% |
| Operating profit (loss) | 9901 | €7,895 | €3,508 | -€4,387 | -55.6% |
| Financial income | 75/76B | €237 | €325 | +€89 | +37.4% |
| Recurring financial income | 75 | €237 | €325 | +€89 | +37.4% |
| Financial charges | 65/66B | €1,038 | €444 | -€594 | -57.3% |
| Recurring financial charges | 65 | €1,038 | €444 | -€594 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €7,094 | €3,389 | -€3,704 | -52.2% |
| Income taxes | 67/77 | €3,353 | €3,583 | +€230 | +6.9% |
| Profit (loss) for the period | 9904 | €3,740 | -€194 | -€3,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,740 | -€194 | -€3,934 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.