R&S ESTATE: 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 ESTATE
Largest movements
- Receivables within one year -€78,505
down €78,505 (-88.3%), from €88,897 to €10,393
of which Trade receivables: -€70,823
- Tangible fixed assets -€26,093
down €26,093 (-6.9%), from €375,673 to €349,581
of which Furniture and vehicles: -€26,093
- Trade debts -€58,959
down €58,959 (-82.6%), from €71,402 to €12,443
- Profit (loss) carried forward -€32,053
down €32,053 (-25.9%), from €123,524 to €91,471
- Debts after one year -€22,181
down €22,181 (-9.4%), from €235,384 to €213,203
of which Financial debts: -€22,181
- Other debts +€14,864
new in 2024: €14,864
- Depreciation +€21,303
up €21,303 (+445%), from €4,790 to €26,093
- Taxes +€19,029
new in 2024: €19,029
- Gross operating margin -€7,038
down €7,038 (-28.2%), from €24,977 to €17,939
- Financial charges +€3,819
up €3,819 (+371%), from €1,029 to €4,848
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,807 | €504,288 | -€99,519 | -16.5% |
| Fixed assets | 21/28 | €375,673 | €349,581 | -€26,093 | -6.9% |
| Tangible fixed assets | 22/27 | €375,673 | €349,581 | -€26,093 | -6.9% |
| Land and buildings | 22 | €250,000 | €250,000 | = | 0.0% |
| Furniture and vehicles | 24 | €125,673 | €99,581 | -€26,093 | -20.8% |
| Current assets | 29/58 | €228,134 | €154,707 | -€73,427 | -32.2% |
| Amounts receivable within one year | 40/41 | €88,897 | €10,393 | -€78,505 | -88.3% |
| Trade receivables | 40 | €78,823 | €8,000 | -€70,823 | -89.9% |
| Other amounts receivable | 41 | €10,075 | €2,393 | -€7,682 | -76.3% |
| Current investments | 50/53 | €134,000 | €140,000 | +€6,000 | +4.5% |
| Cash at bank and in hand | 54/58 | €5,237 | €4,315 | -€922 | -17.6% |
| Total equity and liabilities | 10/49 | €603,807 | €504,288 | -€99,519 | -16.5% |
| Equity | 10/15 | €223,524 | €191,471 | -€32,053 | -14.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,524 | €91,471 | -€32,053 | -25.9% |
| Amounts payable | 17/49 | €380,284 | €312,817 | -€67,466 | -17.7% |
| Amounts payable after more than one year | 17 | €235,384 | €213,203 | -€22,181 | -9.4% |
| Financial debts | 170/4 | €230,384 | €208,203 | -€22,181 | -9.6% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,900 | €99,615 | -€45,285 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €25,498 | €24,307 | -€1,191 | -4.7% |
| Trade debts | 44 | €71,402 | €12,443 | -€58,959 | -82.6% |
| Suppliers | 440/4 | €71,402 | €12,443 | -€58,959 | -82.6% |
| Taxes, remuneration and social security | 45 | €48,000 | €48,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €48,000 | €48,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €14,864 | +€14,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,790 | €26,093 | +€21,303 | +445% |
| Other operating charges | 640/8 | - | €22 | +€22 | |
| Gross operating margin | 9900 | €24,977 | €17,939 | -€7,038 | -28.2% |
| Operating profit (loss) | 9901 | €20,187 | -€8,176 | -€28,363 | |
| Financial charges | 65/66B | €1,029 | €4,848 | +€3,819 | +371% |
| Recurring financial charges | 65 | €1,029 | €4,848 | +€3,819 | +371% |
| Profit (loss) for the period before taxes | 9903 | €19,158 | -€13,024 | -€32,182 | |
| Income taxes | 67/77 | - | €19,029 | +€19,029 | |
| Profit (loss) for the period | 9904 | €19,158 | -€32,053 | -€51,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,158 | -€32,053 | -€51,211 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.