R.S.M.: 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.M.
Largest movements
- Receivables within one year +€73,287
up €73,287 (+23.7%), from €308,726 to €382,013
- Cash -€17,436
down €17,436 (-65.2%), from €26,746 to €9,310
mainly Net result for the year (-€100,131) and Receivables within one year (-€73,287)
- Advances received +€162,665
up €162,665 (+44.1%), from €368,465 to €531,130
- Profit (loss) carried forward -€100,131
down €100,131 (-93.9%), from -€106,690 to -€206,821
- Current portion of long-term debt -€4,803
no longer reported in 2023 (was €4,803)
- Tax, wage and social debts -€4,487
down €4,487 (-39.5%), from €11,346 to €6,859
of which Taxes: -€3,960
- Other operating charges -€198,925
down €198,925 (-61.0%), from €326,356 to €127,431
- Gross operating margin -€107,878
down €107,878 (-44.9%), from €240,110 to €132,231
- Staff costs -€13,571
down €13,571 (-11.5%), from €118,502 to €104,931
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,805 | €391,657 | +€55,851 | +16.6% |
| Fixed assets | 21/28 | €334 | €334 | = | 0.0% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €335,472 | €391,323 | +€55,851 | +16.6% |
| Amounts receivable within one year | 40/41 | €308,726 | €382,013 | +€73,287 | +23.7% |
| Other amounts receivable | 41 | €308,726 | €382,013 | +€73,287 | +23.7% |
| Cash at bank and in hand | 54/58 | €26,746 | €9,310 | -€17,436 | -65.2% |
| Total equity and liabilities | 10/49 | €335,805 | €391,657 | +€55,851 | +16.6% |
| Equity | 10/15 | -€57,635 | -€157,766 | -€100,131 | -174% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,455 | €30,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,455 | €30,455 | = | 0.0% |
| Legal reserve | 130 | €30,455 | €30,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,690 | -€206,821 | -€100,131 | -93.9% |
| Amounts payable | 17/49 | €393,440 | €549,423 | +€155,983 | +39.6% |
| Amounts payable within one year | 42/48 | €393,440 | €549,423 | +€155,983 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €4,803 | - | -€4,803 | |
| Trade debts | 44 | €8,825 | €11,433 | +€2,608 | +29.5% |
| Suppliers | 440/4 | €8,825 | €11,433 | +€2,608 | +29.5% |
| Advances received on contracts in progress | 46 | €368,465 | €531,130 | +€162,665 | +44.1% |
| Taxes, remuneration and social security | 45 | €11,346 | €6,859 | -€4,487 | -39.5% |
| Taxes | 450/3 | €9,813 | €5,853 | -€3,960 | -40.4% |
| Remuneration and social security | 454/9 | €1,533 | €1,006 | -€527 | -34.4% |
| Remuneration, social security and pensions | 62 | €118,502 | €104,931 | -€13,571 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | - | -€599 | |
| Other operating charges | 640/8 | €326,356 | €127,431 | -€198,925 | -61.0% |
| Gross operating margin | 9900 | €240,110 | €132,231 | -€107,878 | -44.9% |
| Operating profit (loss) | 9901 | -€205,348 | -€100,131 | +€105,217 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | -€205,348 | -€100,131 | +€105,217 | +51.2% |
| Profit (loss) for the period | 9904 | -€205,348 | -€100,131 | +€105,217 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,348 | -€100,131 | +€105,217 | +51.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.