RESD: 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.
RESD
Largest movements
- Tangible fixed assets +€38,405
new in 2025: €38,405
of which Furniture and vehicles: +€37,544
- Cash +€20,145
up €20,145 (+67.8%), from €29,701 to €49,845
mainly Net result for the year (+€55,015) and Other debts (+€41,787)
- Deferred charges and accrued income +€10,517
new in 2025: €10,517
- Other debts +€41,787
up €41,787 (+469%), from €8,906 to €50,693
- Profit (loss) carried forward +€25,015
up €25,015 (+1,064%), from €2,350 to €27,365
- Tax, wage and social debts +€1,997
up €1,997 (+23.2%), from €8,618 to €10,615
of which Taxes: +€1,997
- Gross operating margin +€72,311
up €72,311 (+550%), from €13,141 to €85,452
- Taxes +€15,500
up €15,500 (+351%), from €4,420 to €19,920
- Depreciation +€7,831
new in 2025: €7,831
- Other operating charges +€2,131
up €2,131 (+481%), from €443 to €2,575
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 | €30,419 | €98,767 | +€68,349 | +225% |
| Fixed assets | 21/28 | - | €38,405 | +€38,405 | |
| Tangible fixed assets | 22/27 | - | €38,405 | +€38,405 | |
| Plant, machinery and equipment | 23 | - | €861 | +€861 | |
| Furniture and vehicles | 24 | - | €37,544 | +€37,544 | |
| Current assets | 29/58 | €30,419 | €60,362 | +€29,944 | +98.4% |
| Amounts receivable within one year | 40/41 | €718 | - | -€718 | |
| Other amounts receivable | 41 | €718 | - | -€718 | |
| Cash at bank and in hand | 54/58 | €29,701 | €49,845 | +€20,145 | +67.8% |
| Deferred charges and accrued income | 490/1 | - | €10,517 | +€10,517 | |
| Total equity and liabilities | 10/49 | €30,419 | €98,767 | +€68,349 | +225% |
| Equity | 10/15 | €12,350 | €37,365 | +€25,015 | +203% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,350 | €27,365 | +€25,015 | +1,064% |
| Amounts payable | 17/49 | €18,068 | €61,403 | +€43,334 | +240% |
| Amounts payable within one year | 42/48 | €17,782 | €61,403 | +€43,621 | +245% |
| Trade debts | 44 | €257 | €95 | -€163 | -63.2% |
| Suppliers | 440/4 | €257 | €95 | -€163 | -63.2% |
| Taxes, remuneration and social security | 45 | €8,618 | €10,615 | +€1,997 | +23.2% |
| Taxes | 450/3 | €6,958 | €8,955 | +€1,997 | +28.7% |
| Remuneration and social security | 454/9 | €1,660 | €1,660 | = | 0.0% |
| Other amounts payable | 47/48 | €8,906 | €50,693 | +€41,787 | +469% |
| Accrued charges and deferred income | 492/3 | €287 | - | -€287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,831 | +€7,831 | |
| Other operating charges | 640/8 | €443 | €2,575 | +€2,131 | +481% |
| Gross operating margin | 9900 | €13,141 | €85,452 | +€72,311 | +550% |
| Operating profit (loss) | 9901 | €12,698 | €75,047 | +€62,349 | +491% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €57 | €135 | +€78 | +137% |
| Recurring financial charges | 65 | €57 | €135 | +€78 | +137% |
| Profit (loss) for the period before taxes | 9903 | €12,641 | €74,935 | +€62,294 | +493% |
| Income taxes | 67/77 | €4,420 | €19,920 | +€15,500 | +351% |
| Profit (loss) for the period | 9904 | €8,221 | €55,015 | +€46,794 | +569% |
| Profit (loss) for the period to be appropriated | 9905 | €8,221 | €55,015 | +€46,794 | +569% |
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 22 October 2026 via checked.be.