R.S.I.: 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.I.
Largest movements
- Receivables within one year +€35,483
up €35,483 (+82.4%), from €43,040 to €78,523
of which Trade receivables: +€34,302
- Cash -€9,395
down €9,395 (-12.9%), from €72,704 to €63,309
mainly Receivables within one year (-€35,483) and Tax, wage and social debts (-€1,285)
- Reserves +€19,464
up €19,464 (+5.8%), from €333,411 to €352,874
of which Distributable reserves: +€19,464
- Gross operating margin -€6,509
down €6,509 (-17.4%), from €37,321 to €30,812
- Write-downs -€1,857
no longer reported in 2025 (was €1,857)
- Financial charges -€1,555
down €1,555 (-82.9%), from €1,876 to €321
- Taxes -€1,107
down €1,107 (-9.0%), from €12,306 to €11,199
- Financial income -€639
down €639 (-51.4%), from €1,244 to €605
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 | €362,448 | €385,794 | +€23,346 | +6.4% |
| Fixed assets | 21/28 | €3,359 | €3,359 | = | 0.0% |
| Financial fixed assets | 28 | €3,359 | €3,359 | = | 0.0% |
| Current assets | 29/58 | €359,089 | €382,435 | +€23,346 | +6.5% |
| Amounts receivable after more than one year | 29 | €18,652 | €15,691 | -€2,961 | -15.9% |
| Other amounts receivable | 291 | €18,652 | €15,691 | -€2,961 | -15.9% |
| Stocks and contracts in progress | 3 | €224,693 | €224,693 | = | 0.0% |
| Stocks | 30/36 | €224,693 | €224,693 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,040 | €78,523 | +€35,483 | +82.4% |
| Trade receivables | 40 | €9,886 | €44,189 | +€34,302 | +347% |
| Other amounts receivable | 41 | €33,154 | €34,334 | +€1,180 | +3.6% |
| Cash at bank and in hand | 54/58 | €72,704 | €63,309 | -€9,395 | -12.9% |
| Deferred charges and accrued income | 490/1 | - | €219 | +€219 | |
| Total equity and liabilities | 10/49 | €362,448 | €385,794 | +€23,346 | +6.4% |
| Equity | 10/15 | €352,003 | €371,466 | +€19,464 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €333,411 | €352,874 | +€19,464 | +5.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €331,551 | €351,015 | +€19,464 | +5.9% |
| Amounts payable | 17/49 | €10,445 | €14,327 | +€3,882 | +37.2% |
| Amounts payable within one year | 42/48 | €9,991 | €10,245 | +€255 | +2.5% |
| Trade debts | 44 | €497 | €1,551 | +€1,054 | +212% |
| Suppliers | 440/4 | €497 | €1,551 | +€1,054 | +212% |
| Taxes, remuneration and social security | 45 | €3,843 | €2,558 | -€1,285 | -33.4% |
| Taxes | 450/3 | €3,843 | €2,558 | -€1,285 | -33.4% |
| Other amounts payable | 47/48 | €5,651 | €6,136 | +€485 | +8.6% |
| Accrued charges and deferred income | 492/3 | €455 | €4,082 | +€3,628 | +798% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,857 | - | -€1,857 | |
| Other operating charges | 640/8 | €560 | €433 | -€127 | -22.7% |
| Gross operating margin | 9900 | €37,321 | €30,812 | -€6,509 | -17.4% |
| Operating profit (loss) | 9901 | €34,904 | €30,379 | -€4,525 | -13.0% |
| Financial income | 75/76B | €1,244 | €605 | -€639 | -51.4% |
| Recurring financial income | 75 | €1,244 | €605 | -€639 | -51.4% |
| Financial charges | 65/66B | €1,876 | €321 | -€1,555 | -82.9% |
| Recurring financial charges | 65 | €1,876 | €321 | -€1,555 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €34,272 | €30,663 | -€3,609 | -10.5% |
| Income taxes | 67/77 | €12,306 | €11,199 | -€1,107 | -9.0% |
| Profit (loss) for the period | 9904 | €21,966 | €19,464 | -€2,502 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,966 | €19,464 | -€2,502 | -11.4% |
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.