R.S.P.: 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.P.
Largest movements
- Receivables within one year -€4,748
down €4,748 (-83.1%), from €5,713 to €965
of which Other amounts receivable: -€2,481
- Cash -€1,693
down €1,693 (-26.4%), from €6,418 to €4,725
mainly Other debts (-€2,477) and Net result for the year (-€1,944)
- Stocks and contracts +€863
up €863 (+25.9%), from €3,327 to €4,190
of which Contracts in progress: +€640
- Tangible fixed assets -€602
down €602 (-11.1%), from €5,432 to €4,830
- Deferred charges and accrued income +€331
new in 2025: €331
- Other debts -€2,477
down €2,477 (-83.7%), from €2,958 to €481
- Profit (loss) carried forward -€1,944
down €1,944, from €1,111 to -€833
- Trade debts -€1,305
down €1,305 (-33.4%), from €3,908 to €2,603
- Advances received -€333
no longer reported in 2025 (was €333)
- Turnover -€41,063
down €41,063 (-64.0%), from €64,140 to €23,077
- Purchases and services -€37,457
down €37,457 (-61.0%), from €61,392 to €23,935
- Gross operating margin -€3,606
down €3,606, from €2,748 to -€858
- Write-downs -€2,500
no longer reported in 2025 (was €2,500)
- Financial income -€1,083
down €1,083 (-98.8%), from €1,096 to €13
of which Non-recurring financial income: -€1,094
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 | €26,910 | €21,061 | -€5,849 | -21.7% |
| Formation expenses | 20 | €6,020 | €6,020 | = | 0.0% |
| Fixed assets | 21/28 | €5,432 | €4,830 | -€602 | -11.1% |
| Tangible fixed assets | 22/27 | €5,432 | €4,830 | -€602 | -11.1% |
| Land and buildings | 22 | €5,432 | €4,830 | -€602 | -11.1% |
| Current assets | 29/58 | €15,458 | €10,211 | -€5,247 | -33.9% |
| Stocks and contracts in progress | 3 | €3,327 | €4,190 | +€863 | +25.9% |
| Stocks | 30/36 | €3,327 | €3,550 | +€223 | +6.7% |
| Contracts in progress | 37 | - | €640 | +€640 | |
| Amounts receivable within one year | 40/41 | €5,713 | €965 | -€4,748 | -83.1% |
| Trade receivables | 40 | €3,069 | €802 | -€2,267 | -73.9% |
| Other amounts receivable | 41 | €2,644 | €163 | -€2,481 | -93.8% |
| Cash at bank and in hand | 54/58 | €6,418 | €4,725 | -€1,693 | -26.4% |
| Deferred charges and accrued income | 490/1 | - | €331 | +€331 | |
| Total equity and liabilities | 10/49 | €26,910 | €21,061 | -€5,849 | -21.7% |
| Equity | 10/15 | €19,711 | €17,767 | -€1,944 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,111 | -€833 | -€1,944 | |
| Amounts payable | 17/49 | €7,199 | €3,294 | -€3,905 | -54.2% |
| Amounts payable within one year | 42/48 | €7,199 | €3,294 | -€3,905 | -54.2% |
| Trade debts | 44 | €3,908 | €2,603 | -€1,305 | -33.4% |
| Suppliers | 440/4 | €3,908 | €2,603 | -€1,305 | -33.4% |
| Advances received on contracts in progress | 46 | €333 | - | -€333 | |
| Taxes, remuneration and social security | 45 | - | €210 | +€210 | |
| Taxes | 450/3 | - | €210 | +€210 | |
| Other amounts payable | 47/48 | €2,958 | €481 | -€2,477 | -83.7% |
| Turnover | 70 | €64,140 | €23,077 | -€41,063 | -64.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €61,392 | €23,935 | -€37,457 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €912 | €602 | -€310 | -34.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €2,748 | -€858 | -€3,606 | |
| Operating profit (loss) | 9901 | -€664 | -€1,460 | -€796 | -120% |
| Financial income | 75/76B | €1,096 | €13 | -€1,083 | -98.8% |
| Recurring financial income | 75 | €2 | €13 | +€11 | +550% |
| Non-recurring financial income | 76B | €1,094 | - | -€1,094 | |
| Financial charges | 65/66B | €366 | €351 | -€15 | -4.1% |
| Recurring financial charges | 65 | €366 | €351 | -€15 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €66 | -€1,798 | -€1,864 | |
| Income taxes | 67/77 | - | €146 | +€146 | |
| Profit (loss) for the period | 9904 | €66 | -€1,944 | -€2,010 | |
| Profit (loss) for the period to be appropriated | 9905 | €66 | -€1,944 | -€2,010 |
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 17 October 2026 via checked.be.