RESIM: 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.
RESIM
Largest movements
- Cash -€284,942
down €284,942 (-68.7%), from €414,951 to €130,009
mainly Receivables after one year (-€177,500) and Investment in fixed assets (net) (-€138,160)
- Receivables after one year +€177,500
new in 2025: €177,500
- Financial fixed assets +€137,500
up €137,500 (+127527.4%), from €108 to €137,608
- Tangible fixed assets -€38,738
down €38,738 (-7.1%), from €543,171 to €504,433
of which Furniture and vehicles: -€25,252
- Current investments +€33,730
new in 2025: €33,730
- Reserves +€120,931
up €120,931 (+18.8%), from €642,019 to €762,949
- Debts after one year -€69,062
down €69,062 (-30.8%), from €223,920 to €154,857
- Tax, wage and social debts -€17,709
down €17,709 (-71.5%), from €24,756 to €7,046
of which Taxes: -€17,709
- Gross operating margin +€51,795
up €51,795 (+28.7%), from €180,551 to €232,346
- Financial income -€46,169
down €46,169 (-89.4%), from €51,669 to €5,500
- Other operating charges +€19,454
up €19,454 (+742.4%), from €2,621 to €22,075
- Financial charges -€2,519
down €2,519 (-18.8%), from €13,405 to €10,886
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 | €1,087,263 | €1,122,171 | +€34,908 | +3.2% |
| Fixed assets | 21/28 | €543,279 | €642,041 | +€98,762 | +18.2% |
| Tangible fixed assets | 22/27 | €543,171 | €504,433 | -€38,738 | -7.1% |
| Land and buildings | 22 | €451,941 | €438,455 | -€13,486 | -3.0% |
| Furniture and vehicles | 24 | €91,230 | €65,978 | -€25,252 | -27.7% |
| Financial fixed assets | 28 | €108 | €137,608 | +€137,500 | +127527.4% |
| Current assets | 29/58 | €543,984 | €480,130 | -€63,854 | -11.7% |
| Amounts receivable after more than one year | 29 | - | €177,500 | +€177,500 | |
| Other amounts receivable | 291 | - | €177,500 | +€177,500 | |
| Amounts receivable within one year | 40/41 | €118,278 | €127,956 | +€9,679 | +8.2% |
| Trade receivables | 40 | €0 | €17,860 | +€17,860 | |
| Other amounts receivable | 41 | €118,278 | €110,097 | -€8,181 | -6.9% |
| Current investments | 50/53 | - | €33,730 | +€33,730 | |
| Cash at bank and in hand | 54/58 | €414,951 | €130,009 | -€284,942 | -68.7% |
| Deferred charges and accrued income | 490/1 | €10,756 | €10,935 | +€180 | +1.7% |
| Total equity and liabilities | 10/49 | €1,087,263 | €1,122,171 | +€34,908 | +3.2% |
| Equity | 10/15 | €660,619 | €781,549 | +€120,931 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €642,019 | €762,949 | +€120,931 | +18.8% |
| Distributable reserves | 133 | €642,019 | €762,949 | +€120,931 | +18.8% |
| Amounts payable | 17/49 | €426,644 | €340,622 | -€86,023 | -20.2% |
| Amounts payable after more than one year | 17 | €223,920 | €154,857 | -€69,062 | -30.8% |
| Financial debts | 170/4 | €223,920 | €154,857 | -€69,062 | -30.8% |
| Amounts payable within one year | 42/48 | €195,531 | €179,462 | -€16,068 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €73,439 | €74,762 | +€1,323 | +1.8% |
| Financial debts | 43 | €441 | €4,663 | +€4,222 | +957.8% |
| Other loans | 439 | €441 | €4,663 | +€4,222 | +957.8% |
| Trade debts | 44 | €3,793 | €3,299 | -€494 | -13.0% |
| Suppliers | 440/4 | €3,793 | €3,299 | -€494 | -13.0% |
| Taxes, remuneration and social security | 45 | €24,756 | €7,046 | -€17,709 | -71.5% |
| Taxes | 450/3 | €24,756 | €7,046 | -€17,709 | -71.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €93,102 | €89,693 | -€3,409 | -3.7% |
| Accrued charges and deferred income | 492/3 | €7,194 | €6,302 | -€892 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,519 | €39,398 | -€121 | -0.3% |
| Other operating charges | 640/8 | €2,621 | €22,075 | +€19,454 | +742.4% |
| Gross operating margin | 9900 | €180,551 | €232,346 | +€51,795 | +28.7% |
| Operating profit (loss) | 9901 | €138,411 | €170,873 | +€32,462 | +23.5% |
| Financial income | 75/76B | €51,669 | €5,500 | -€46,169 | -89.4% |
| Recurring financial income | 75 | €51,669 | €5,500 | -€46,169 | -89.4% |
| Financial charges | 65/66B | €13,405 | €10,886 | -€2,519 | -18.8% |
| Recurring financial charges | 65 | €13,405 | €10,886 | -€2,519 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €176,674 | €165,487 | -€11,188 | -6.3% |
| Income taxes | 67/77 | €44,802 | €44,556 | -€246 | -0.5% |
| Profit (loss) for the period | 9904 | €131,872 | €120,931 | -€10,941 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €131,872 | €120,931 | -€10,941 | -8.3% |
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 9 October 2026 via checked.be.