R & S TECHNICS: what changed
R & S TECHNICS
Largest movements
- Tangible fixed assets -€35,787
down €35,787 (-33.6%), from €106,352 to €70,565
- Cash -€32,988
down €32,988 (-14.0%), from €236,342 to €203,355
mainly Contributions, distributions and other (-€45,910) and Debts after one year (-€30,686)
- Stocks and contracts +€19,585
up €19,585 (+149%), from €13,103 to €32,688
- Receivables within one year +€16,153
up €16,153 (+7.4%), from €218,644 to €234,797
of which Trade receivables: +€26,882
- Other debts +€59,331
up €59,331 (+137%), from €43,201 to €102,532
- Reserves -€45,910
down €45,910 (-40.2%), from €114,339 to €68,430
- Debts after one year -€30,686
down €30,686 (-51.4%), from €59,725 to €29,039
- Tax, wage and social debts -€15,555
down €15,555 (-73.2%), from €21,249 to €5,693
of which Taxes: -€9,690
- Gross operating margin -€51,147
down €51,147 (-46.8%), from €109,339 to €58,192
- Staff costs -€19,577
down €19,577 (-65.9%), from €29,720 to €10,143
- Taxes -€10,314
down €10,314 (-67.5%), from €15,281 to €4,967
- Financial charges +€3,956
up €3,956, from -€1,527 to €2,429
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,442 | €541,604 | -€32,838 | -5.7% |
| Fixed assets | 21/28 | €106,352 | €70,565 | -€35,787 | -33.6% |
| Tangible fixed assets | 22/27 | €106,352 | €70,565 | -€35,787 | -33.6% |
| Furniture and vehicles | 24 | €106,352 | €70,565 | -€35,787 | -33.6% |
| Current assets | 29/58 | €468,089 | €471,039 | +€2,949 | +0.6% |
| Stocks and contracts in progress | 3 | €13,103 | €32,688 | +€19,585 | +149% |
| Stocks | 30/36 | €13,103 | €32,688 | +€19,585 | +149% |
| Amounts receivable within one year | 40/41 | €218,644 | €234,797 | +€16,153 | +7.4% |
| Trade receivables | 40 | €186,852 | €213,734 | +€26,882 | +14.4% |
| Other amounts receivable | 41 | €31,792 | €21,064 | -€10,728 | -33.7% |
| Cash at bank and in hand | 54/58 | €236,342 | €203,355 | -€32,988 | -14.0% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €574,442 | €541,604 | -€32,838 | -5.7% |
| Equity | 10/15 | €271,338 | €229,315 | -€42,023 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,339 | €68,430 | -€45,910 | -40.2% |
| Distributable reserves | 133 | €114,339 | €68,430 | -€45,910 | -40.2% |
| Profit (loss) carried forward | 14 | €138,398 | €142,285 | +€3,887 | +2.8% |
| Amounts payable | 17/49 | €303,104 | €312,289 | +€9,185 | +3.0% |
| Amounts payable after more than one year | 17 | €59,725 | €29,039 | -€30,686 | -51.4% |
| Financial debts | 170/4 | €59,725 | €29,039 | -€30,686 | -51.4% |
| Amounts payable within one year | 42/48 | €203,379 | €243,250 | +€39,871 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €25,649 | €26,398 | +€749 | +2.9% |
| Trade debts | 44 | €113,280 | €108,626 | -€4,654 | -4.1% |
| Suppliers | 440/4 | €113,280 | €108,626 | -€4,654 | -4.1% |
| Taxes, remuneration and social security | 45 | €21,249 | €5,693 | -€15,555 | -73.2% |
| Taxes | 450/3 | €15,195 | €5,505 | -€9,690 | -63.8% |
| Remuneration and social security | 454/9 | €6,054 | €188 | -€5,866 | -96.9% |
| Other amounts payable | 47/48 | €43,201 | €102,532 | +€59,331 | +137% |
| Accrued charges and deferred income | 492/3 | €40,000 | €40,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €29,720 | €10,143 | -€19,577 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,789 | €35,787 | -€2 | 0.0% |
| Other operating charges | 640/8 | €675 | €978 | +€304 | +45.0% |
| Gross operating margin | 9900 | €109,339 | €58,192 | -€51,147 | -46.8% |
| Operating profit (loss) | 9901 | €43,154 | €11,283 | -€31,872 | -73.9% |
| Financial income | 75/76B | €73 | - | -€73 | |
| Recurring financial income | 75 | €73 | - | -€73 | |
| Financial charges | 65/66B | -€1,527 | €2,429 | +€3,956 | |
| Recurring financial charges | 65 | -€1,527 | €2,429 | +€3,956 | |
| Profit (loss) for the period before taxes | 9903 | €44,754 | €8,854 | -€35,900 | -80.2% |
| Income taxes | 67/77 | €15,281 | €4,967 | -€10,314 | -67.5% |
| Profit (loss) for the period | 9904 | €29,473 | €3,887 | -€25,586 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,473 | €3,887 | -€25,586 | -86.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.