RESEDA: 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.
RESEDA
Largest movements
- Tangible fixed assets -€100,478
down €100,478 (-12.3%), from €817,948 to €717,470
of which Plant, machinery and equipment: -€67,398
- Receivables within one year +€16,290
up €16,290 (+14.1%), from €115,316 to €131,606
of which Trade receivables: +€23,691
- Trade debts +€88,478
up €88,478 (+252.8%), from €35,004 to €123,482
- Profit (loss) carried forward -€84,080
down €84,080 (-57.4%), from -€146,437 to -€230,517
- Debts after one year -€64,512
down €64,512 (-27.4%), from €235,869 to €171,357
- Other debts -€34,064
down €34,064 (-4.9%), from €690,331 to €656,267
- Gross operating margin -€32,564
down €32,564 (-26.1%), from €124,872 to €92,308
- Provisions +€12,830
no longer reported in 2025 (was -€12,830)
- Other operating charges -€9,550
down €9,550 (-12.1%), from €79,112 to €69,562
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 | €939,550 | €850,017 | -€89,533 | -9.5% |
| Fixed assets | 21/28 | €817,948 | €717,470 | -€100,478 | -12.3% |
| Tangible fixed assets | 22/27 | €817,948 | €717,470 | -€100,478 | -12.3% |
| Land and buildings | 22 | €544,543 | €528,132 | -€16,411 | -3.0% |
| Plant, machinery and equipment | 23 | €191,265 | €123,866 | -€67,398 | -35.2% |
| Furniture and vehicles | 24 | €82,141 | €65,472 | -€16,669 | -20.3% |
| Current assets | 29/58 | €121,602 | €132,547 | +€10,945 | +9.0% |
| Amounts receivable within one year | 40/41 | €115,316 | €131,606 | +€16,290 | +14.1% |
| Trade receivables | 40 | €106,099 | €129,791 | +€23,691 | +22.3% |
| Other amounts receivable | 41 | €9,217 | €1,815 | -€7,402 | -80.3% |
| Cash at bank and in hand | 54/58 | €3,076 | €124 | -€2,953 | -96.0% |
| Deferred charges and accrued income | 490/1 | €3,209 | €818 | -€2,391 | -74.5% |
| Total equity and liabilities | 10/49 | €939,550 | €850,017 | -€89,533 | -9.5% |
| Equity | 10/15 | -€84,937 | -€169,017 | -€84,080 | -99.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,437 | -€230,517 | -€84,080 | -57.4% |
| Amounts payable | 17/49 | €1,024,487 | €1,019,034 | -€5,452 | -0.5% |
| Amounts payable after more than one year | 17 | €235,869 | €171,357 | -€64,512 | -27.4% |
| Financial debts | 170/4 | €235,869 | €171,357 | -€64,512 | -27.4% |
| Amounts payable within one year | 42/48 | €788,618 | €844,260 | +€55,643 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €63,283 | €64,512 | +€1,229 | +1.9% |
| Trade debts | 44 | €35,004 | €123,482 | +€88,478 | +252.8% |
| Suppliers | 440/4 | €35,004 | €123,482 | +€88,478 | +252.8% |
| Other amounts payable | 47/48 | €690,331 | €656,267 | -€34,064 | -4.9% |
| Accrued charges and deferred income | 492/3 | - | €3,417 | +€3,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,529 | €100,478 | -€1,051 | -1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,830 | - | +€12,830 | |
| Other operating charges | 640/8 | €79,112 | €69,562 | -€9,550 | -12.1% |
| Gross operating margin | 9900 | €124,872 | €92,308 | -€32,564 | -26.1% |
| Operating profit (loss) | 9901 | -€42,938 | -€77,732 | -€34,794 | -81.0% |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €7,274 | €6,462 | -€812 | -11.2% |
| Recurring financial charges | 65 | €7,274 | €6,462 | -€812 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,212 | -€84,080 | -€33,868 | -67.4% |
| Profit (loss) for the period | 9904 | -€50,212 | -€84,080 | -€33,868 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,212 | -€84,080 | -€33,868 | -67.4% |
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 2 October 2026 via checked.be.