R.S.B.: 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.
R.S.B.
Largest movements
- Tangible fixed assets +€15,907
up €15,907 (+28.9%), from €55,043 to €70,951
of which Leasing and similar rights: +€27,077
- Receivables within one year -€5,697
down €5,697 (-10.7%), from €53,289 to €47,592
of which Trade receivables: -€4,666
- Cash +€2,195
new in 2025: €2,195
mainly Depreciation (+€21,859) and Net result for the year (+€17,591)
- Deferred charges and accrued income +€1,439
up €1,439 (+539%), from €267 to €1,707
- Reserves +€14,500
up €14,500 (+29.7%), from €48,900 to €63,400
- Short-term financial debts -€10,885
no longer reported in 2025 (was €10,885)
- Debts after one year +€9,591
up €9,591 (+51.0%), from €18,798 to €28,389
- Profit (loss) carried forward +€3,091
up €3,091, from -€2,649 to €442
- Trade debts -€2,004
down €2,004 (-49.1%), from €4,081 to €2,077
- Staff costs -€50,117
down €50,117 (-94.0%), from €53,313 to €3,196
- Gross operating margin -€36,953
down €36,953 (-52.2%), from €70,842 to €33,889
- Financial income +€15,994
new in 2025: €15,994
of which Non-recurring financial income: +€15,963
- Taxes +€3,534
up €3,534 (+2,761%), from €128 to €3,662
- Financial charges -€1,047
down €1,047 (-27.0%), from €3,875 to €2,828
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 | €108,600 | €122,444 | +€13,844 | +12.7% |
| Fixed assets | 21/28 | €55,043 | €70,951 | +€15,907 | +28.9% |
| Tangible fixed assets | 22/27 | €55,043 | €70,951 | +€15,907 | +28.9% |
| Plant, machinery and equipment | 23 | €2,614 | €1,056 | -€1,558 | -59.6% |
| Furniture and vehicles | 24 | €24,041 | €14,429 | -€9,612 | -40.0% |
| Leasing and similar rights | 25 | €28,389 | €55,466 | +€27,077 | +95.4% |
| Current assets | 29/58 | €53,556 | €51,493 | -€2,063 | -3.9% |
| Amounts receivable within one year | 40/41 | €53,289 | €47,592 | -€5,697 | -10.7% |
| Trade receivables | 40 | €12,935 | €8,269 | -€4,666 | -36.1% |
| Other amounts receivable | 41 | €40,354 | €39,323 | -€1,031 | -2.6% |
| Cash at bank and in hand | 54/58 | - | €2,195 | +€2,195 | |
| Deferred charges and accrued income | 490/1 | €267 | €1,707 | +€1,439 | +539% |
| Total equity and liabilities | 10/49 | €108,600 | €122,444 | +€13,844 | +12.7% |
| Equity | 10/15 | €58,651 | €76,242 | +€17,591 | +30.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,900 | €63,400 | +€14,500 | +29.7% |
| Distributable reserves | 133 | €48,900 | €63,400 | +€14,500 | +29.7% |
| Profit (loss) carried forward | 14 | -€2,649 | €442 | +€3,091 | |
| Amounts payable | 17/49 | €49,949 | €46,202 | -€3,746 | -7.5% |
| Amounts payable after more than one year | 17 | €18,798 | €28,389 | +€9,591 | +51.0% |
| Financial debts | 170/4 | €18,798 | €28,389 | +€9,591 | +51.0% |
| Amounts payable within one year | 42/48 | €31,151 | €17,814 | -€13,337 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €14,448 | €15,736 | +€1,289 | +8.9% |
| Financial debts | 43 | €10,885 | - | -€10,885 | |
| Credit institutions | 430/8 | €10,885 | - | -€10,885 | |
| Trade debts | 44 | €4,081 | €2,077 | -€2,004 | -49.1% |
| Suppliers | 440/4 | €4,081 | €2,077 | -€2,004 | -49.1% |
| Taxes, remuneration and social security | 45 | €1,738 | - | -€1,738 | |
| Remuneration and social security | 454/9 | €1,738 | - | -€1,738 | |
| Remuneration, social security and pensions | 62 | €53,313 | €3,196 | -€50,117 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,072 | €21,859 | +€787 | +3.7% |
| Other operating charges | 640/8 | €974 | €748 | -€227 | -23.3% |
| Gross operating margin | 9900 | €70,842 | €33,889 | -€36,953 | -52.2% |
| Operating profit (loss) | 9901 | -€4,517 | €8,087 | +€12,603 | |
| Financial income | 75/76B | - | €15,994 | +€15,994 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Non-recurring financial income | 76B | - | €15,963 | +€15,963 | |
| Financial charges | 65/66B | €3,875 | €2,828 | -€1,047 | -27.0% |
| Recurring financial charges | 65 | €3,875 | €2,828 | -€1,047 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,391 | €21,252 | +€29,644 | |
| Income taxes | 67/77 | €128 | €3,662 | +€3,534 | +2,761% |
| Profit (loss) for the period | 9904 | -€8,519 | €17,591 | +€26,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,519 | €17,591 | +€26,110 |
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 22 October 2026 via checked.be.