RCS: what changed
Two fiscal 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.
RCS
Largest movements
- Receivables within one year +€37,903
up €37,903 (+36.7%), from €103,367 to €141,270
of which Other amounts receivable: +€35,558
- Intangible fixed assets -€8,000
down €8,000 (-36.4%), from €22,005 to €14,005
- Cash -€7,125
down €7,125 (-52.3%), from €13,631 to €6,506
mainly Receivables within one year (-€37,903) and Trade debts (-€5,439)
- Reserves +€15,571
up €15,571 (+25.3%), from €61,615 to €77,186
- Tax, wage and social debts +€12,415
up €12,415 (+45.5%), from €27,300 to €39,715
of which Remuneration and social security: +€24,409
- Trade debts -€5,439
down €5,439 (-9.4%), from €57,723 to €52,284
- Gross operating margin +€11,093
up €11,093 (+2.8%), from €397,648 to €408,741
- Financial charges +€8,158
up €8,158 (+134.7%), from €6,057 to €14,216
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.
Cash bridge derived
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 | €148,638 | €171,185 | +€22,547 | +15.2% |
| Fixed assets | 21/28 | €29,677 | €20,762 | -€8,915 | -30.0% |
| Intangible fixed assets | 21 | €22,005 | €14,005 | -€8,000 | -36.4% |
| Tangible fixed assets | 22/27 | €4,179 | €3,264 | -€915 | -21.9% |
| Furniture and vehicles | 24 | €4,179 | €3,264 | -€915 | -21.9% |
| Financial fixed assets | 28 | €3,492 | €3,492 | = | 0.0% |
| Current assets | 29/58 | €118,961 | €150,424 | +€31,462 | +26.4% |
| Stocks and contracts in progress | 3 | €1,471 | €1,194 | -€277 | -18.8% |
| Stocks | 30/36 | €1,471 | €1,194 | -€277 | -18.8% |
| Amounts receivable within one year | 40/41 | €103,367 | €141,270 | +€37,903 | +36.7% |
| Trade receivables | 40 | €38,267 | €40,612 | +€2,344 | +6.1% |
| Other amounts receivable | 41 | €65,100 | €100,658 | +€35,558 | +54.6% |
| Cash at bank and in hand | 54/58 | €13,631 | €6,506 | -€7,125 | -52.3% |
| Deferred charges and accrued income | 490/1 | €492 | €1,454 | +€962 | +195.7% |
| Total equity and liabilities | 10/49 | €148,638 | €171,185 | +€22,547 | +15.2% |
| Equity | 10/15 | €63,615 | €79,186 | +€15,571 | +24.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €61,615 | €77,186 | +€15,571 | +25.3% |
| Distributable reserves | 133 | €61,615 | €77,186 | +€15,571 | +25.3% |
| Amounts payable | 17/49 | €85,023 | €91,999 | +€6,976 | +8.2% |
| Amounts payable within one year | 42/48 | €85,023 | €91,999 | +€6,976 | +8.2% |
| Trade debts | 44 | €57,723 | €52,284 | -€5,439 | -9.4% |
| Suppliers | 440/4 | €57,723 | €52,284 | -€5,439 | -9.4% |
| Taxes, remuneration and social security | 45 | €27,300 | €39,715 | +€12,415 | +45.5% |
| Taxes | 450/3 | €18,163 | €6,169 | -€11,994 | -66.0% |
| Remuneration and social security | 454/9 | €9,137 | €33,546 | +€24,409 | +267.2% |
| Non-recurring operating income | 76A | - | €661 | +€661 | |
| Remuneration, social security and pensions | 62 | €364,187 | €361,649 | -€2,538 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,853 | €9,625 | +€772 | +8.7% |
| Other operating charges | 640/8 | €1,914 | €1,518 | -€395 | -20.7% |
| Gross operating margin | 9900 | €397,648 | €408,741 | +€11,093 | +2.8% |
| Operating profit (loss) | 9901 | €22,694 | €35,949 | +€13,254 | +58.4% |
| Financial income | 75/76B | €15 | €9 | -€6 | -37.2% |
| Recurring financial income | 75 | €15 | €9 | -€6 | -37.2% |
| Financial charges | 65/66B | €6,057 | €14,216 | +€8,158 | +134.7% |
| Recurring financial charges | 65 | €6,057 | €14,216 | +€8,158 | +134.7% |
| Profit (loss) for the period before taxes | 9903 | €16,652 | €21,743 | +€5,090 | +30.6% |
| Income taxes | 67/77 | €6,598 | €6,172 | -€427 | -6.5% |
| Profit (loss) for the period | 9904 | €10,054 | €15,571 | +€5,517 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,054 | €15,571 | +€5,517 | +54.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.