RESALEX: 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.
RESALEX
Largest movements
- Receivables within one year +€193,875
up €193,875 (+15.0%), from €1.3m to €1.5m
of which Trade receivables: +€269,525
- Cash +€123,670
up €123,670 (+12.7%), from €976,458 to €1.1m
mainly Net result for the year (+€212,577) and Other debts (+€195,563)
- Intangible fixed assets +€51,091
up €51,091 (+36.2%), from €141,325 to €192,416
- Reserves +€212,000
up €212,000 (+22.2%), from €956,000 to €1.2m
- Other debts +€195,563
up €195,563 (+25.9%), from €756,241 to €951,804
- Trade debts -€49,543
down €49,543 (-18.8%), from €263,836 to €214,293
- Accrued charges and deferred income +€42,756
up €42,756 (+20.1%), from €213,209 to €255,965
- Tax, wage and social debts -€36,220
down €36,220 (-19.5%), from €185,880 to €149,660
of which Taxes: -€47,359
- Gross operating margin +€57,575
up €57,575 (+4.2%), from €1.4m to €1.4m
- Staff costs -€47,436
down €47,436 (-4.3%), from €1.1m to €1.1m
- Taxes +€26,673
up €26,673 (+35.1%), from €76,046 to €102,719
- Depreciation +€23,712
up €23,712 (+67.1%), from €35,315 to €59,028
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 | €2,453,562 | €2,814,128 | +€360,567 | +14.7% |
| Fixed assets | 21/28 | €181,658 | €224,182 | +€42,524 | +23.4% |
| Intangible fixed assets | 21 | €141,325 | €192,416 | +€51,091 | +36.2% |
| Tangible fixed assets | 22/27 | €39,278 | €30,710 | -€8,567 | -21.8% |
| Plant, machinery and equipment | 23 | €32,534 | €28,857 | -€3,677 | -11.3% |
| Furniture and vehicles | 24 | €6,744 | €1,853 | -€4,891 | -72.5% |
| Financial fixed assets | 28 | €1,055 | €1,055 | = | 0.0% |
| Current assets | 29/58 | €2,271,904 | €2,589,947 | +€318,043 | +14.0% |
| Amounts receivable within one year | 40/41 | €1,291,580 | €1,485,455 | +€193,875 | +15.0% |
| Trade receivables | 40 | €1,182,513 | €1,452,038 | +€269,525 | +22.8% |
| Other amounts receivable | 41 | €109,067 | €33,417 | -€75,649 | -69.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €976,458 | €1,100,128 | +€123,670 | +12.7% |
| Deferred charges and accrued income | 490/1 | €3,866 | €4,364 | +€498 | +12.9% |
| Total equity and liabilities | 10/49 | €2,453,562 | €2,814,128 | +€360,567 | +14.7% |
| Equity | 10/15 | €1,028,297 | €1,240,874 | +€212,577 | +20.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €956,000 | €1,168,000 | +€212,000 | +22.2% |
| Distributable reserves | 133 | €956,000 | €1,168,000 | +€212,000 | +22.2% |
| Profit (loss) carried forward | 14 | €2,297 | €2,874 | +€577 | +25.1% |
| Amounts payable | 17/49 | €1,425,265 | €1,573,254 | +€147,990 | +10.4% |
| Amounts payable after more than one year | 17 | €1,531 | €0 | -€1,531 | -100% |
| Financial debts | 170/4 | €1,531 | €0 | -€1,531 | -100% |
| Amounts payable within one year | 42/48 | €1,210,524 | €1,317,289 | +€106,765 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €4,566 | €1,531 | -€3,035 | -66.5% |
| Trade debts | 44 | €263,836 | €214,293 | -€49,543 | -18.8% |
| Suppliers | 440/4 | €263,836 | €214,293 | -€49,543 | -18.8% |
| Taxes, remuneration and social security | 45 | €185,880 | €149,660 | -€36,220 | -19.5% |
| Taxes | 450/3 | €68,319 | €20,960 | -€47,359 | -69.3% |
| Remuneration and social security | 454/9 | €117,561 | €128,700 | +€11,139 | +9.5% |
| Other amounts payable | 47/48 | €756,241 | €951,804 | +€195,563 | +25.9% |
| Accrued charges and deferred income | 492/3 | €213,209 | €255,965 | +€42,756 | +20.1% |
| Remuneration, social security and pensions | 62 | €1,110,745 | €1,063,309 | -€47,436 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,315 | €59,028 | +€23,712 | +67.1% |
| Other operating charges | 640/8 | €1,879 | €1,920 | +€42 | +2.2% |
| Gross operating margin | 9900 | €1,376,578 | €1,434,153 | +€57,575 | +4.2% |
| Operating profit (loss) | 9901 | €228,639 | €309,896 | +€81,257 | +35.5% |
| Financial income | 75/76B | €4,324 | €5,642 | +€1,318 | +30.5% |
| Recurring financial income | 75 | €4,324 | €5,642 | +€1,318 | +30.5% |
| Financial charges | 65/66B | €871 | €242 | -€629 | -72.3% |
| Recurring financial charges | 65 | €871 | €242 | -€629 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €232,092 | €315,296 | +€83,204 | +35.8% |
| Income taxes | 67/77 | €76,046 | €102,719 | +€26,673 | +35.1% |
| Profit (loss) for the period | 9904 | €156,046 | €212,577 | +€56,531 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €156,046 | €212,577 | +€56,531 | +36.2% |
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 13 October 2026 via checked.be.