RESIO ZUID: 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.
RESIO ZUID
Largest movements
- Stocks and contracts -€4.0m
down €4.0m (-57.2%), from €7.0m to €3.0m
- Receivables within one year +€1.5m
up €1.5m (+43.9%), from €3.5m to €5.0m
of which Other amounts receivable: +€1.5m
- Financial fixed assets +€1.1m
up €1.1m (+89.6%), from €1.2m to €2.2m
- Tangible fixed assets +€613,254
up €613,254 (+215%), from €284,626 to €897,881
- Short-term financial debts -€2.5m
down €2.5m (-66.9%), from €3.7m to €1.2m
- Advances received -€962,650
down €962,650 (-100%), from €962,650 to €0
- Other debts +€888,040
up €888,040 (+14.1%), from €6.3m to €7.2m
- Trade debts +€678,272
up €678,272 (+746%), from €90,926 to €769,197
- Debts after one year +€573,093
up €573,093 (+42.8%), from €1.3m to €1.9m
- Gross operating margin +€442,162
up €442,162 (+403%), from €109,599 to €551,761
- Financial charges -€163,638
down €163,638 (-44.4%), from €368,934 to €205,295
- Financial income +€54,731
up €54,731 (+76.1%), from €71,930 to €126,660
- Taxes +€27,555
new in 2025: €27,555
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 | €11,998,626 | €11,212,975 | -€785,651 | -6.5% |
| Fixed assets | 21/28 | €1,470,683 | €3,146,444 | +€1.7m | +114% |
| Tangible fixed assets | 22/27 | €284,626 | €897,881 | +€613,254 | +215% |
| Land and buildings | 22 | €284,626 | €897,881 | +€613,254 | +215% |
| Financial fixed assets | 28 | €1,186,057 | €2,248,563 | +€1.1m | +89.6% |
| Current assets | 29/58 | €10,527,942 | €8,066,531 | -€2.5m | -23.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €7,016,141 | €3,001,876 | -€4.0m | -57.2% |
| Stocks | 30/36 | €7,016,141 | €3,001,876 | -€4.0m | -57.2% |
| Amounts receivable within one year | 40/41 | €3,506,773 | €5,046,239 | +€1.5m | +43.9% |
| Trade receivables | 40 | €1,112 | €1,112 | = | 0.0% |
| Other amounts receivable | 41 | €3,505,661 | €5,045,127 | +€1.5m | +43.9% |
| Cash at bank and in hand | 54/58 | €4,934 | €16,400 | +€11,466 | +232% |
| Deferred charges and accrued income | 490/1 | €95 | €2,016 | +€1,921 | +2,025% |
| Total equity and liabilities | 10/49 | €11,998,626 | €11,212,975 | -€785,651 | -6.5% |
| Equity | 10/15 | -€351,000 | €85,682 | +€436,681 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €75,682 | +€75,682 | |
| Distributable reserves | 133 | - | €75,682 | +€75,682 | |
| Profit (loss) carried forward | 14 | -€361,000 | €0 | +€361,000 | |
| Amounts payable | 17/49 | €12,349,626 | €11,127,293 | -€1.2m | -9.9% |
| Amounts payable after more than one year | 17 | €1,340,000 | €1,913,093 | +€573,093 | +42.8% |
| Financial debts | 170/4 | €1,340,000 | €1,913,093 | +€573,093 | +42.8% |
| Amounts payable within one year | 42/48 | €11,005,906 | €9,212,136 | -€1.8m | -16.3% |
| Current portion of amounts payable after more than one year | 42 | - | €32,952 | +€32,952 | |
| Financial debts | 43 | €3,673,800 | €1,215,860 | -€2.5m | -66.9% |
| Credit institutions | 430/8 | €3,673,800 | €1,215,860 | -€2.5m | -66.9% |
| Trade debts | 44 | €90,926 | €769,197 | +€678,272 | +746% |
| Suppliers | 440/4 | €90,926 | €769,197 | +€678,272 | +746% |
| Advances received on contracts in progress | 46 | €962,650 | €0 | -€962,650 | -100% |
| Taxes, remuneration and social security | 45 | - | €27,555 | +€27,555 | |
| Taxes | 450/3 | - | €27,555 | +€27,555 | |
| Other amounts payable | 47/48 | €6,278,531 | €7,166,572 | +€888,040 | +14.1% |
| Accrued charges and deferred income | 492/3 | €3,719 | €2,064 | -€1,656 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,675 | €6,621 | -€55 | -0.8% |
| Other operating charges | 640/8 | €203 | €2,269 | +€2,066 | +1,017% |
| Gross operating margin | 9900 | €109,599 | €551,761 | +€442,162 | +403% |
| Operating profit (loss) | 9901 | €102,720 | €542,872 | +€440,151 | +428% |
| Financial income | 75/76B | €71,930 | €126,660 | +€54,731 | +76.1% |
| Recurring financial income | 75 | €71,930 | €126,660 | +€54,731 | +76.1% |
| Financial charges | 65/66B | €368,934 | €205,295 | -€163,638 | -44.4% |
| Recurring financial charges | 65 | €368,934 | €205,295 | -€163,638 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€194,284 | €464,237 | +€658,520 | |
| Income taxes | 67/77 | - | €27,555 | +€27,555 | |
| Profit (loss) for the period | 9904 | -€194,284 | €436,681 | +€630,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€194,284 | €436,681 | +€630,965 |
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 21 October 2026 via checked.be.