R-S & CO: 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 & CO
Largest movements
- Tangible fixed assets +€17,094
up €17,094 (+257%), from €6,643 to €23,737
of which Plant, machinery and equipment: +€17,906
- Receivables within one year +€2,439
up €2,439 (+224%), from €1,090 to €3,529
of which Other amounts receivable: +€3,365
- Cash -€826
down €826 (-42.4%), from €1,948 to €1,122
mainly Investment in fixed assets (net) (-€18,401) and Net result for the year (-€5,922)
- Debts after one year +€14,706
new in 2025: €14,706
- Other debts +€6,455
up €6,455 (+78.1%), from €8,263 to €14,718
- Profit (loss) carried forward -€5,922
down €5,922, from €1,288 to -€4,634
- Current portion of long-term debt +€3,416
new in 2025: €3,416
- Contributions +€2,500
new in 2025: €2,500
- Gross operating margin -€5,064
down €5,064, from €1,643 to -€3,421
- Depreciation +€830
up €830 (+174%), from €477 to €1,307
- Staff costs +€742
new in 2025: €742
- Financial charges +€271
up €271 (+150%), from €181 to €452
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 | €12,307 | €31,139 | +€18,832 | +153% |
| Fixed assets | 21/28 | €6,643 | €23,737 | +€17,094 | +257% |
| Tangible fixed assets | 22/27 | €6,643 | €23,737 | +€17,094 | +257% |
| Land and buildings | 22 | €6,643 | €5,831 | -€812 | -12.2% |
| Plant, machinery and equipment | 23 | - | €17,906 | +€17,906 | |
| Current assets | 29/58 | €5,664 | €7,402 | +€1,738 | +30.7% |
| Stocks and contracts in progress | 3 | €2,626 | €2,751 | +€125 | +4.8% |
| Stocks | 30/36 | €2,626 | €2,751 | +€125 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,090 | €3,529 | +€2,439 | +224% |
| Trade receivables | 40 | €926 | - | -€926 | |
| Other amounts receivable | 41 | €164 | €3,529 | +€3,365 | +2,049% |
| Cash at bank and in hand | 54/58 | €1,948 | €1,122 | -€826 | -42.4% |
| Total equity and liabilities | 10/49 | €12,307 | €31,139 | +€18,832 | +153% |
| Equity | 10/15 | €3,788 | -€2,134 | -€5,922 | |
| Contributions | 10/11 | - | €2,500 | +€2,500 | |
| Reserves | 13 | €2,500 | - | -€2,500 | |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €1,288 | -€4,634 | -€5,922 | |
| Amounts payable | 17/49 | €8,519 | €33,273 | +€24,754 | +291% |
| Amounts payable after more than one year | 17 | - | €14,706 | +€14,706 | |
| Financial debts | 170/4 | - | €14,706 | +€14,706 | |
| Amounts payable within one year | 42/48 | €8,519 | €18,567 | +€10,048 | +118% |
| Current portion of amounts payable after more than one year | 42 | - | €3,416 | +€3,416 | |
| Trade debts | 44 | - | €433 | +€433 | |
| Suppliers | 440/4 | - | €433 | +€433 | |
| Taxes, remuneration and social security | 45 | €257 | - | -€257 | |
| Taxes | 450/3 | €257 | - | -€257 | |
| Other amounts payable | 47/48 | €8,263 | €14,718 | +€6,455 | +78.1% |
| Remuneration, social security and pensions | 62 | - | €742 | +€742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €1,307 | +€830 | +174% |
| Gross operating margin | 9900 | €1,643 | -€3,421 | -€5,064 | |
| Operating profit (loss) | 9901 | €1,166 | -€5,470 | -€6,636 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €181 | €452 | +€271 | +150% |
| Recurring financial charges | 65 | €181 | €452 | +€271 | +150% |
| Profit (loss) for the period before taxes | 9903 | €985 | -€5,922 | -€6,907 | |
| Profit (loss) for the period | 9904 | €985 | -€5,922 | -€6,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €985 | -€5,922 | -€6,907 |
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 26 October 2026 via checked.be.