R S R: 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.
What changed
R S R
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,581
2024 · €4,601-€3,020
Equity
€391,784
2024 · €390,203+€1,581
Cash
€67,594
2024 · €66,648+€946
Balance sheet total
€868,361
2024 · €873,088-€4,726
Largest movements
Assets
- Receivables within one year -€26,400
down €26,400 (-36.8%), from €71,773 to €45,373
of which Trade receivables: -€18,729
- Tangible fixed assets +€15,223
up €15,223 (+2.1%), from €731,108 to €746,330
of which Furniture and vehicles: +€38,611
Equity and liabilities
- Provisions +€28,000
new in 2025: €28,000
- Debts after one year -€16,566
down €16,566 (-5.2%), from €319,413 to €302,847
- Tax, wage and social debts -€14,173
down €14,173 (-58.8%), from €24,121 to €9,948
of which Taxes: -€14,793
- Current portion of long-term debt +€8,950
up €8,950 (+29.2%), from €30,624 to €39,574
Income statement
- Provisions +€28,000
new in 2025: €28,000
- Gross operating margin +€15,089
up €15,089 (+23.3%), from €64,738 to €79,827
- Depreciation -€13,302
down €13,302 (-30.9%), from €43,108 to €29,807
- Financial charges +€2,765
up €2,765 (+37.0%), from €7,466 to €10,231
- Financial income +€1,131
up €1,131, from €0 to €1,131
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.
Result 2024
€4,601
Gross operating margin
+€15,089
Depreciation
+€13,302
Provisions
-€28,000
Other operating charges
-€996
Financial income
+€1,131
Financial charges
-€2,765
Taxes
-€781
Result 2025
€1,581
raises the resultlowers the result
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.
From operations
+€53,591
Investment
-€45,029
Financing
-€7,616
Cash 2024
€66,648
From operations (derived)
+€53,591
Net result for the year
+€1,581
Depreciation
+€29,807
Receivables after one year
+€2,398
Receivables within one year
+€26,400
Deferred charges and accrued income
-€7,903
Provisions
+€28,000
Trade debts
-€6,048
Tax, wage and social debts
-€14,173
Other debts
-€6,470
Investment (derived)
-€45,029
Investment in fixed assets (net)
-€45,029
Financing
-€7,616
Debts after one year
-€16,566
Current portion of long-term debt
+€8,950
Cash 2025
€67,594
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,088 | €868,361 | -€4,726 | -0.5% |
| Fixed assets | 21/28 | €732,269 | €747,492 | +€15,223 | +2.1% |
| Tangible fixed assets | 22/27 | €731,108 | €746,330 | +€15,223 | +2.1% |
| Land and buildings | 22 | €565,389 | €551,422 | -€13,967 | -2.5% |
| Plant, machinery and equipment | 23 | €2,298 | €1,149 | -€1,149 | -50.0% |
| Furniture and vehicles | 24 | €11,908 | €50,520 | +€38,611 | +324% |
| Other tangible fixed assets | 26 | €151,513 | €143,240 | -€8,273 | -5.5% |
| Financial fixed assets | 28 | €1,161 | €1,161 | = | 0.0% |
| Current assets | 29/58 | €140,818 | €120,870 | -€19,949 | -14.2% |
| Amounts receivable after more than one year | 29 | €2,398 | €0 | -€2,398 | -100% |
| Trade receivables | 290 | €2,398 | - | -€2,398 | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €71,773 | €45,373 | -€26,400 | -36.8% |
| Trade receivables | 40 | €56,300 | €37,571 | -€18,729 | -33.3% |
| Other amounts receivable | 41 | €15,473 | €7,802 | -€7,671 | -49.6% |
| Cash at bank and in hand | 54/58 | €66,648 | €67,594 | +€946 | +1.4% |
| Deferred charges and accrued income | 490/1 | - | €7,903 | +€7,903 | |
| Total equity and liabilities | 10/49 | €873,088 | €868,361 | -€4,726 | -0.5% |
| Equity | 10/15 | €390,203 | €391,784 | +€1,581 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €162,500 | €162,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €156,300 | €156,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,703 | €167,284 | +€1,581 | +1.0% |
| Provisions and deferred taxes | 16 | - | €28,000 | +€28,000 | |
| Provisions for liabilities and charges | 160/5 | - | €28,000 | +€28,000 | |
| Major repairs and maintenance | 162 | - | €28,000 | +€28,000 | |
| Amounts payable | 17/49 | €482,885 | €448,578 | -€34,307 | -7.1% |
| Amounts payable after more than one year | 17 | €319,413 | €302,847 | -€16,566 | -5.2% |
| Financial debts | 170/4 | €319,413 | €302,847 | -€16,566 | -5.2% |
| Amounts payable within one year | 42/48 | €163,472 | €145,731 | -€17,741 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €30,624 | €39,574 | +€8,950 | +29.2% |
| Trade debts | 44 | €6,837 | €789 | -€6,048 | -88.5% |
| Suppliers | 440/4 | €6,837 | €789 | -€6,048 | -88.5% |
| Taxes, remuneration and social security | 45 | €24,121 | €9,948 | -€14,173 | -58.8% |
| Taxes | 450/3 | €24,121 | €9,328 | -€14,793 | -61.3% |
| Remuneration and social security | 454/9 | - | €620 | +€620 | |
| Other amounts payable | 47/48 | €101,889 | €95,419 | -€6,470 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,108 | €29,807 | -€13,302 | -30.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €28,000 | +€28,000 | |
| Other operating charges | 640/8 | €6,204 | €7,200 | +€996 | +16.1% |
| Gross operating margin | 9900 | €64,738 | €79,827 | +€15,089 | +23.3% |
| Operating profit (loss) | 9901 | €15,425 | €14,820 | -€605 | -3.9% |
| Financial income | 75/76B | €0 | €1,131 | +€1,131 | |
| Recurring financial income | 75 | €0 | €1,131 | +€1,131 | |
| Financial charges | 65/66B | €7,466 | €10,231 | +€2,765 | +37.0% |
| Recurring financial charges | 65 | €7,466 | €10,231 | +€2,765 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €7,960 | €5,720 | -€2,239 | -28.1% |
| Income taxes | 67/77 | €3,359 | €4,140 | +€781 | +23.3% |
| Profit (loss) for the period | 9904 | €4,601 | €1,581 | -€3,020 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,601 | €1,581 | -€3,020 | -65.6% |
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.