R & S Management Consultancy: 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 Management Consultancy
Largest movements
- Cash -€169,278
down €169,278 (-96.5%), from €175,398 to €6,120
mainly Current investments (-€150,000) and Investment in fixed assets (net) (-€57,493)
- Current investments +€150,000
new in 2025: €150,000
- Tangible fixed assets +€43,072
up €43,072 (+6.0%), from €722,900 to €765,972
of which Other tangible fixed assets: +€41,068
- Reserves +€91,364
up €91,364 (+13.8%), from €663,773 to €755,137
of which Distributable reserves: +€114,640
- Tax, wage and social debts -€54,248
down €54,248 (-92.1%), from €58,917 to €4,669
- Short-term financial debts +€15,697
up €15,697 (+153%), from €10,257 to €25,954
- Other debts -€12,874
down €12,874 (-11.8%), from €108,905 to €96,032
- Gross operating margin -€55,576
down €55,576 (-24.8%), from €223,883 to €168,307
- Depreciation -€25,967
down €25,967 (-64.3%), from €40,388 to €14,420
- Taxes -€6,056
down €6,056 (-9.7%), from €62,491 to €56,435
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 | €924,974 | €955,446 | +€30,471 | +3.3% |
| Fixed assets | 21/28 | €722,900 | €765,972 | +€43,072 | +6.0% |
| Tangible fixed assets | 22/27 | €722,900 | €765,972 | +€43,072 | +6.0% |
| Land and buildings | 22 | €94,262 | €100,973 | +€6,711 | +7.1% |
| Plant, machinery and equipment | 23 | €855 | €3,461 | +€2,606 | +305% |
| Furniture and vehicles | 24 | €78,243 | €70,930 | -€7,313 | -9.3% |
| Other tangible fixed assets | 26 | €549,541 | €590,609 | +€41,068 | +7.5% |
| Current assets | 29/58 | €202,074 | €189,473 | -€12,601 | -6.2% |
| Amounts receivable within one year | 40/41 | €25,439 | €30,185 | +€4,746 | +18.7% |
| Trade receivables | 40 | €25,410 | €26,620 | +€1,210 | +4.8% |
| Other amounts receivable | 41 | €29 | €3,565 | +€3,536 | +12,064% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €175,398 | €6,120 | -€169,278 | -96.5% |
| Deferred charges and accrued income | 490/1 | €1,237 | €3,168 | +€1,932 | +156% |
| Total equity and liabilities | 10/49 | €924,974 | €955,446 | +€30,471 | +3.3% |
| Equity | 10/15 | €682,323 | €773,687 | +€91,364 | +13.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €663,773 | €755,137 | +€91,364 | +13.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,869 | €151,593 | -€23,276 | -13.3% |
| Distributable reserves | 133 | €487,049 | €601,689 | +€114,640 | +23.5% |
| Provisions and deferred taxes | 16 | €52,849 | €45,090 | -€7,759 | -14.7% |
| Deferred taxes | 168 | €52,849 | €45,090 | -€7,759 | -14.7% |
| Amounts payable | 17/49 | €189,802 | €136,668 | -€53,134 | -28.0% |
| Amounts payable within one year | 42/48 | €180,135 | €128,782 | -€51,354 | -28.5% |
| Financial debts | 43 | €10,257 | €25,954 | +€15,697 | +153% |
| Credit institutions | 430/8 | €10,257 | €25,954 | +€15,697 | +153% |
| Trade debts | 44 | €2,055 | €2,127 | +€71 | +3.5% |
| Suppliers | 440/4 | €2,055 | €2,127 | +€71 | +3.5% |
| Taxes, remuneration and social security | 45 | €58,917 | €4,669 | -€54,248 | -92.1% |
| Taxes | 450/3 | €58,917 | €4,669 | -€54,248 | -92.1% |
| Other amounts payable | 47/48 | €108,905 | €96,032 | -€12,874 | -11.8% |
| Accrued charges and deferred income | 492/3 | €9,667 | €7,886 | -€1,780 | -18.4% |
| Non-recurring operating income | 76A | €1,273 | €825 | -€448 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,388 | €14,420 | -€25,967 | -64.3% |
| Other operating charges | 640/8 | €2,862 | €2,730 | -€132 | -4.6% |
| Non-recurring operating charges | 66A | €1,320 | €360 | -€961 | -72.8% |
| Gross operating margin | 9900 | €223,883 | €168,307 | -€55,576 | -24.8% |
| Operating profit (loss) | 9901 | €179,313 | €150,797 | -€28,516 | -15.9% |
| Financial income | 75/76B | €2,157 | €1 | -€2,156 | -100.0% |
| Recurring financial income | 75 | €2,157 | €1 | -€2,156 | -100.0% |
| Financial charges | 65/66B | €10,667 | €10,758 | +€90 | +0.8% |
| Recurring financial charges | 65 | €10,667 | €10,758 | +€90 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €170,802 | €140,040 | -€30,762 | -18.0% |
| Transfer from deferred taxes | 780 | €7,452 | €7,759 | +€306 | +4.1% |
| Income taxes | 67/77 | €62,491 | €56,435 | -€6,056 | -9.7% |
| Profit (loss) for the period | 9904 | €115,764 | €91,364 | -€24,400 | -21.1% |
| Transfer from tax-exempt reserves | 789 | €6,035 | €23,276 | +€17,242 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €121,799 | €114,640 | -€7,159 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.