RESCO: 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.
RESCO
Largest movements
- Tangible fixed assets +€339,072
up €339,072 (+2,052%), from €16,526 to €355,598
of which Land and buildings: +€341,394
- Receivables within one year +€202,274
up €202,274 (+55.5%), from €364,215 to €566,489
of which Trade receivables: +€168,367
- Cash +€123,839
up €123,839, from €0 to €123,839
mainly Current portion of long-term debt (+€211,025) and Net result for the year (+€206,077)
- Stocks and contracts -€35,170
down €35,170 (-42.7%), from €82,291 to €47,121
- Current portion of long-term debt +€211,025
up €211,025 (+3,329%), from €6,338 to €217,363
- Reserves +€206,000
up €206,000 (+48.1%), from €428,580 to €634,580
- Debts after one year +€176,982
new in 2025: €176,982
- Other debts +€28,969
up €28,969 (+24.1%), from €120,204 to €149,173
- Gross operating margin +€171,236
up €171,236 (+37.9%), from €452,264 to €623,500
- Taxes +€48,518
up €48,518 (+147%), from €32,935 to €81,454
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 | €751,698 | €1,387,478 | +€635,780 | +84.6% |
| Fixed assets | 21/28 | €298,858 | €636,530 | +€337,672 | +113% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,526 | €355,598 | +€339,072 | +2,052% |
| Land and buildings | 22 | - | €341,394 | +€341,394 | |
| Furniture and vehicles | 24 | €12,458 | €11,136 | -€1,323 | -10.6% |
| Other tangible fixed assets | 26 | €4,068 | €3,069 | -€999 | -24.6% |
| Financial fixed assets | 28 | €282,331 | €280,931 | -€1,400 | -0.5% |
| Current assets | 29/58 | €452,840 | €750,949 | +€298,108 | +65.8% |
| Stocks and contracts in progress | 3 | €82,291 | €47,121 | -€35,170 | -42.7% |
| Stocks | 30/36 | €82,291 | €47,121 | -€35,170 | -42.7% |
| Amounts receivable within one year | 40/41 | €364,215 | €566,489 | +€202,274 | +55.5% |
| Trade receivables | 40 | €190,187 | €358,554 | +€168,367 | +88.5% |
| Other amounts receivable | 41 | €174,029 | €207,935 | +€33,907 | +19.5% |
| Cash at bank and in hand | 54/58 | €0 | €123,839 | +€123,839 | |
| Deferred charges and accrued income | 490/1 | €6,334 | €13,500 | +€7,166 | +113% |
| Total equity and liabilities | 10/49 | €751,698 | €1,387,478 | +€635,780 | +84.6% |
| Equity | 10/15 | €441,454 | €647,531 | +€206,077 | +46.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €428,580 | €634,580 | +€206,000 | +48.1% |
| Distributable reserves | 133 | €428,580 | €634,580 | +€206,000 | +48.1% |
| Profit (loss) carried forward | 14 | €474 | €551 | +€77 | +16.2% |
| Amounts payable | 17/49 | €310,244 | €739,947 | +€429,703 | +139% |
| Amounts payable after more than one year | 17 | - | €176,982 | +€176,982 | |
| Financial debts | 170/4 | - | €176,982 | +€176,982 | |
| Amounts payable within one year | 42/48 | €303,357 | €551,648 | +€248,290 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | €6,338 | €217,363 | +€211,025 | +3,329% |
| Trade debts | 44 | €146,941 | €157,293 | +€10,353 | +7.0% |
| Suppliers | 440/4 | €146,941 | €157,293 | +€10,353 | +7.0% |
| Taxes, remuneration and social security | 45 | €29,875 | €27,819 | -€2,056 | -6.9% |
| Taxes | 450/3 | €3,000 | €0 | -€3,000 | -100% |
| Remuneration and social security | 454/9 | €26,875 | €27,819 | +€944 | +3.5% |
| Other amounts payable | 47/48 | €120,204 | €149,173 | +€28,969 | +24.1% |
| Accrued charges and deferred income | 492/3 | €6,887 | €11,318 | +€4,431 | +64.3% |
| Remuneration, social security and pensions | 62 | €314,988 | €310,766 | -€4,222 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,649 | €9,314 | +€4,664 | +100% |
| Other operating charges | 640/8 | €2,908 | €2,275 | -€633 | -21.8% |
| Gross operating margin | 9900 | €452,264 | €623,500 | +€171,236 | +37.9% |
| Operating profit (loss) | 9901 | €129,719 | €301,145 | +€171,426 | +132% |
| Financial income | 75/76B | €4 | €5,910 | +€5,906 | +152,601% |
| Recurring financial income | 75 | €4 | €5,910 | +€5,906 | +152,601% |
| Financial charges | 65/66B | €13,839 | €19,524 | +€5,685 | +41.1% |
| Recurring financial charges | 65 | €13,839 | €19,524 | +€5,685 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €115,884 | €287,530 | +€171,646 | +148% |
| Income taxes | 67/77 | €32,935 | €81,454 | +€48,518 | +147% |
| Profit (loss) for the period | 9904 | €82,949 | €206,077 | +€123,128 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €82,949 | €206,077 | +€123,128 | +148% |
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 23 October 2026 via checked.be.