R&S Solution: 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 Solution
Largest movements
- Receivables within one year +€15,360
up €15,360 (+6.3%), from €242,603 to €257,963
of which Trade receivables: +€15,896
- Cash -€3,623
down €3,623 (-5.5%), from €65,301 to €61,678
mainly Tax, wage and social debts (-€62,284) and Receivables within one year (-€15,360)
- Tax, wage and social debts -€62,284
down €62,284 (-90.5%), from €68,832 to €6,548
of which Remuneration and social security: -€47,483
- Trade debts +€32,520
up €32,520 (+19.7%), from €165,008 to €197,528
- Other debts +€27,471
up €27,471 (+462%), from €5,943 to €33,414
- Profit (loss) carried forward +€12,527
up €12,527 (+27.0%), from €46,372 to €58,899
- Gross operating margin -€22,338
down €22,338 (-47.0%), from €47,539 to €25,201
- Financial charges -€7,828
down €7,828 (-94.7%), from €8,267 to €439
- Taxes -€7,470
down €7,470 (-53.3%), from €14,018 to €6,548
- Depreciation -€700
down €700 (-31.8%), from €2,202 to €1,502
- Other operating charges -€486
down €486 (-10.4%), from €4,671 to €4,185
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 | €310,378 | €320,612 | +€10,234 | +3.3% |
| Fixed assets | 21/28 | €2,474 | €971 | -€1,503 | -60.7% |
| Tangible fixed assets | 22/27 | €1,694 | €191 | -€1,503 | -88.7% |
| Plant, machinery and equipment | 23 | €552 | €68 | -€484 | -87.7% |
| Furniture and vehicles | 24 | €1,142 | €124 | -€1,019 | -89.2% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €307,904 | €319,641 | +€11,737 | +3.8% |
| Amounts receivable within one year | 40/41 | €242,603 | €257,963 | +€15,360 | +6.3% |
| Trade receivables | 40 | €238,584 | €254,480 | +€15,896 | +6.7% |
| Other amounts receivable | 41 | €4,019 | €3,483 | -€536 | -13.3% |
| Cash at bank and in hand | 54/58 | €65,301 | €61,678 | -€3,623 | -5.5% |
| Total equity and liabilities | 10/49 | €310,378 | €320,612 | +€10,234 | +3.3% |
| Equity | 10/15 | €46,372 | €58,899 | +€12,527 | +27.0% |
| Profit (loss) carried forward | 14 | €46,372 | €58,899 | +€12,527 | +27.0% |
| Amounts payable | 17/49 | €264,006 | €261,713 | -€2,293 | -0.9% |
| Amounts payable within one year | 42/48 | €264,006 | €261,713 | -€2,293 | -0.9% |
| Financial debts | 43 | €24,223 | €24,223 | +€0 | 0.0% |
| Credit institutions | 430/8 | €24,223 | €24,223 | +€0 | 0.0% |
| Trade debts | 44 | €165,008 | €197,528 | +€32,520 | +19.7% |
| Suppliers | 440/4 | €165,008 | €197,528 | +€32,520 | +19.7% |
| Taxes, remuneration and social security | 45 | €68,832 | €6,548 | -€62,284 | -90.5% |
| Taxes | 450/3 | €21,349 | €6,548 | -€14,801 | -69.3% |
| Remuneration and social security | 454/9 | €47,483 | - | -€47,483 | |
| Other amounts payable | 47/48 | €5,943 | €33,414 | +€27,471 | +462% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €1,502 | -€700 | -31.8% |
| Other operating charges | 640/8 | €4,671 | €4,185 | -€486 | -10.4% |
| Gross operating margin | 9900 | €47,539 | €25,201 | -€22,338 | -47.0% |
| Operating profit (loss) | 9901 | €40,666 | €19,513 | -€21,153 | -52.0% |
| Financial charges | 65/66B | €8,267 | €439 | -€7,828 | -94.7% |
| Recurring financial charges | 65 | €8,267 | €439 | -€7,828 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €32,399 | €19,075 | -€13,324 | -41.1% |
| Income taxes | 67/77 | €14,018 | €6,548 | -€7,470 | -53.3% |
| Profit (loss) for the period | 9904 | €18,381 | €12,526 | -€5,855 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,381 | €12,526 | -€5,855 | -31.9% |
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 16 October 2026 via checked.be.