RESCO: 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.
RESCO
Largest movements
- Cash +€115,299
up €115,299 (+108.9%), from €105,881 to €221,180
mainly Trade debts (+€86,911) and Receivables within one year (+€25,597)
- Receivables within one year -€25,597
down €25,597 (-56.8%), from €45,038 to €19,441
of which Other amounts receivable: -€12,817
- Receivables after one year -€23,000
down €23,000 (-46.0%), from €50,000 to €27,000
- Deferred charges and accrued income -€17,822
down €17,822 (-93.1%), from €19,150 to €1,327
- Tangible fixed assets -€11,944
down €11,944 (-5.6%), from €212,913 to €200,969
of which Plant, machinery and equipment: -€11,944
- Trade debts +€86,911
up €86,911 (+47.7%), from €182,081 to €268,993
- Profit (loss) carried forward -€33,393
down €33,393 (-38.1%), from €87,740 to €54,348
- Debts after one year -€15,115
down €15,115 (-56.4%), from €26,776 to €11,661
of which Financial debts: -€15,115
- Staff costs +€28,833
up €28,833 (+21.2%), from €135,846 to €164,679
- Gross operating margin +€21,869
up €21,869 (+13.6%), from €160,798 to €182,667
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 | €662,727 | €701,370 | +€38,643 | +5.8% |
| Fixed assets | 21/28 | €213,798 | €200,969 | -€12,829 | -6.0% |
| Tangible fixed assets | 22/27 | €212,913 | €200,969 | -€11,944 | -5.6% |
| Land and buildings | 22 | €89,131 | €89,131 | = | 0.0% |
| Plant, machinery and equipment | 23 | €120,282 | €108,338 | -€11,944 | -9.9% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Financial fixed assets | 28 | €885 | €0 | -€885 | -100.0% |
| Current assets | 29/58 | €448,929 | €500,401 | +€51,472 | +11.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €27,000 | -€23,000 | -46.0% |
| Other amounts receivable | 291 | €50,000 | €27,000 | -€23,000 | -46.0% |
| Stocks and contracts in progress | 3 | €228,860 | €231,452 | +€2,592 | +1.1% |
| Stocks | 30/36 | €228,860 | €231,452 | +€2,592 | +1.1% |
| Amounts receivable within one year | 40/41 | €45,038 | €19,441 | -€25,597 | -56.8% |
| Trade receivables | 40 | €19,273 | €6,492 | -€12,780 | -66.3% |
| Other amounts receivable | 41 | €25,765 | €12,949 | -€12,817 | -49.7% |
| Cash at bank and in hand | 54/58 | €105,881 | €221,180 | +€115,299 | +108.9% |
| Deferred charges and accrued income | 490/1 | €19,150 | €1,327 | -€17,822 | -93.1% |
| Total equity and liabilities | 10/49 | €662,727 | €701,370 | +€38,643 | +5.8% |
| Equity | 10/15 | €417,740 | €384,348 | -€33,393 | -8.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,740 | €54,348 | -€33,393 | -38.1% |
| Amounts payable | 17/49 | €244,987 | €317,022 | +€72,036 | +29.4% |
| Amounts payable after more than one year | 17 | €26,776 | €11,661 | -€15,115 | -56.4% |
| Financial debts | 170/4 | €25,876 | €10,761 | -€15,115 | -58.4% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €218,211 | €305,217 | +€87,006 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €20,345 | €15,115 | -€5,230 | -25.7% |
| Trade debts | 44 | €182,081 | €268,993 | +€86,911 | +47.7% |
| Suppliers | 440/4 | €182,081 | €268,993 | +€86,911 | +47.7% |
| Taxes, remuneration and social security | 45 | €15,785 | €20,933 | +€5,149 | +32.6% |
| Taxes | 450/3 | €602 | €0 | -€602 | -100.0% |
| Remuneration and social security | 454/9 | €15,182 | €20,933 | +€5,751 | +37.9% |
| Other amounts payable | 47/48 | - | €176 | +€176 | |
| Accrued charges and deferred income | 492/3 | €0 | €144 | +€144 | |
| Non-recurring operating income | 76A | €476 | €288 | -€188 | -39.5% |
| Remuneration, social security and pensions | 62 | €135,846 | €164,679 | +€28,833 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,742 | €19,018 | -€1,724 | -8.3% |
| Other operating charges | 640/8 | €18,490 | €19,043 | +€553 | +3.0% |
| Non-recurring operating charges | 66A | €0 | €885 | +€885 | |
| Gross operating margin | 9900 | €160,798 | €182,667 | +€21,869 | +13.6% |
| Operating profit (loss) | 9901 | -€14,280 | -€20,957 | -€6,677 | -46.8% |
| Financial income | 75/76B | €2,327 | €1,780 | -€547 | -23.5% |
| Recurring financial income | 75 | €2,327 | €1,780 | -€547 | -23.5% |
| Financial charges | 65/66B | €12,948 | €14,215 | +€1,266 | +9.8% |
| Recurring financial charges | 65 | €12,948 | €14,215 | +€1,266 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,901 | -€33,393 | -€8,491 | -34.1% |
| Profit (loss) for the period | 9904 | -€24,901 | -€33,393 | -€8,491 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,901 | -€33,393 | -€8,491 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.