R.S-MATIC: 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-MATIC
Largest movements
- Stocks and contracts -€43,416
down €43,416 (-26.6%), from €163,350 to €119,934
- Receivables within one year -€4,314
down €4,314 (-5.8%), from €74,266 to €69,951
of which Trade receivables: -€16,079
- Cash -€4,222
down €4,222 (-34.7%), from €12,179 to €7,958
mainly Net result for the year (-€118,724) and Current portion of long-term debt (-€2,026)
- Profit (loss) carried forward -€118,724
down €118,724, from €94,941 to -€23,783
- Tax, wage and social debts +€49,884
up €49,884 (+4,320%), from €1,155 to €51,039
of which Taxes: +€51,039
- Trade debts +€13,959
up €13,959 (+200%), from €6,963 to €20,922
- Other debts +€4,070
up €4,070 (+5.3%), from €77,302 to €81,372
- Turnover -€707,918
down €707,918 (-62.8%), from €1.1m to €420,109
- Purchases and services -€651,321
down €651,321 (-59.6%), from €1.1m to €441,473
- Gross operating margin -€50,139
down €50,139, from €35,234 to -€14,905
- Taxes +€47,532
up €47,532 (+334%), from €14,241 to €61,774
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 | €252,787 | €199,950 | -€52,838 | -20.9% |
| Fixed assets | 21/28 | €2,992 | €2,107 | -€885 | -29.6% |
| Tangible fixed assets | 22/27 | €1,116 | €231 | -€885 | -79.3% |
| Furniture and vehicles | 24 | €1,116 | €231 | -€885 | -79.3% |
| Financial fixed assets | 28 | €1,876 | €1,876 | = | 0.0% |
| Current assets | 29/58 | €249,795 | €197,843 | -€51,952 | -20.8% |
| Stocks and contracts in progress | 3 | €163,350 | €119,934 | -€43,416 | -26.6% |
| Stocks | 30/36 | €163,350 | €119,934 | -€43,416 | -26.6% |
| Amounts receivable within one year | 40/41 | €74,266 | €69,951 | -€4,314 | -5.8% |
| Trade receivables | 40 | €19,321 | €3,242 | -€16,079 | -83.2% |
| Other amounts receivable | 41 | €54,945 | €66,710 | +€11,765 | +21.4% |
| Cash at bank and in hand | 54/58 | €12,179 | €7,958 | -€4,222 | -34.7% |
| Total equity and liabilities | 10/49 | €252,787 | €199,950 | -€52,838 | -20.9% |
| Equity | 10/15 | €115,341 | -€3,383 | -€118,724 | |
| 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 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,941 | -€23,783 | -€118,724 | |
| Amounts payable | 17/49 | €137,446 | €203,333 | +€65,887 | +47.9% |
| Amounts payable within one year | 42/48 | €137,446 | €203,333 | +€65,887 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €2,026 | - | -€2,026 | |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €6,963 | €20,922 | +€13,959 | +200% |
| Suppliers | 440/4 | €6,963 | €20,922 | +€13,959 | +200% |
| Taxes, remuneration and social security | 45 | €1,155 | €51,039 | +€49,884 | +4,320% |
| Taxes | 450/3 | - | €51,039 | +€51,039 | |
| Remuneration and social security | 454/9 | €1,155 | - | -€1,155 | |
| Other amounts payable | 47/48 | €77,302 | €81,372 | +€4,070 | +5.3% |
| Turnover | 70 | €1,128,027 | €420,109 | -€707,918 | -62.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,092,793 | €441,473 | -€651,321 | -59.6% |
| Remuneration, social security and pensions | 62 | €28,969 | €29,854 | +€884 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,900 | €1,232 | -€2,668 | -68.4% |
| Other operating charges | 640/8 | €5,097 | €2,379 | -€2,718 | -53.3% |
| Gross operating margin | 9900 | €35,234 | -€14,905 | -€50,139 | |
| Operating profit (loss) | 9901 | -€2,732 | -€48,370 | -€45,637 | -1,670% |
| Financial income | 75/76B | €0 | €28 | +€28 | +39,286% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +39,286% |
| Financial charges | 65/66B | €8,313 | €8,609 | +€295 | +3.6% |
| Recurring financial charges | 65 | €8,313 | €8,609 | +€295 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,045 | -€56,950 | -€45,905 | -416% |
| Income taxes | 67/77 | €14,241 | €61,774 | +€47,532 | +334% |
| Profit (loss) for the period | 9904 | -€25,287 | -€118,724 | -€93,437 | -370% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,287 | -€118,724 | -€93,437 | -370% |
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 31 October 2026 via checked.be.