Resitec: 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.
What changed
Resitec
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€178,198
2024 · -€130,625+€308,823
Equity
€1.5m
2024 · €1.4m+€78,198
Cash
€479,809
2024 · €437,634+€42,175
Balance sheet total
€2.9m
2024 · €3.7m-€742,976
Largest movements
Assets
- Receivables within one year -€576,866
down €576,866 (-28.0%), from €2.1m to €1.5m
of which Trade receivables: -€475,403
- Stocks and contracts -€239,816
down €239,816 (-28.9%), from €830,966 to €591,150
of which Stocks: -€242,296
- Deferred charges and accrued income -€91,243
down €91,243 (-63.2%), from €144,340 to €53,096
- Tangible fixed assets +€68,754
up €68,754 (+41.9%), from €164,259 to €233,013
of which Furniture and vehicles: +€70,594
- Cash +€42,175
up €42,175 (+9.6%), from €437,634 to €479,809
mainly Receivables within one year (+€576,866) and Stocks and contracts (+€239,816)
Equity and liabilities
- Trade debts -€402,815
down €402,815 (-28.1%), from €1.4m to €1.0m
- Accrued charges and deferred income -€239,575
down €239,575 (-80.2%), from €298,866 to €59,292
- Other debts -€105,907
down €105,907 (-51.4%), from €205,907 to €100,000
- Profit (loss) carried forward +€78,198
up €78,198 (+55.0%), from €142,095 to €220,292
- Short-term financial debts -€75,719
down €75,719 (-100.0%), from €75,719 to €0
Income statement
- Staff costs -€107,562
down €107,562 (-7.1%), from €1.5m to €1.4m
- Gross operating margin -€91,055
down €91,055 (-5.1%), from €1.8m to €1.7m
- Taxes +€37,309
up €37,309 (+2104.1%), from €1,773 to €39,082
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.
Result 2024
-€130,625
Gross operating margin
-€91,055
Staff costs
+€107,562
Depreciation
+€11,759
Write-downs
-€5,446
Provisions
+€5,907
Other operating charges
+€6,515
Other operating items
+€320,688
Financial income
-€6,342
Financial charges
-€3,458
Taxes
-€37,309
Result 2025
€178,198
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.
From operations
+€430,296
Investment
-€200,652
Financing
-€187,468
Cash 2024
€437,634
From operations (derived)
+€430,296
Net result for the year
+€178,198
Depreciation
+€77,879
Stocks and contracts
+€239,816
Receivables within one year
+€576,866
Deferred charges and accrued income
+€91,243
Trade debts
-€402,815
Tax, wage and social debts
+€14,958
Advances received
-€368
Other debts
-€105,907
Accrued charges and deferred income
-€239,575
Investment (derived)
-€200,652
Investment in fixed assets (net)
-€200,652
Financing
-€187,468
Debts after one year
-€22,760
Current portion of long-term debt
+€11,010
Short-term financial debts
-€75,719
Contributions, distributions and other
-€100,000
Cash 2025
€479,809
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,668,657 | €2,925,680 | -€742,976 | -20.3% |
| Formation expenses | 20 | - | €30,177 | +€30,177 | |
| Fixed assets | 21/28 | €197,325 | €289,921 | +€92,597 | +46.9% |
| Intangible fixed assets | 21 | €14,905 | €8,312 | -€6,593 | -44.2% |
| Tangible fixed assets | 22/27 | €164,259 | €233,013 | +€68,754 | +41.9% |
| Land and buildings | 22 | - | €3,293 | +€3,293 | |
| Plant, machinery and equipment | 23 | €15,313 | €21,258 | +€5,945 | +38.8% |
| Furniture and vehicles | 24 | €12,618 | €83,213 | +€70,594 | +559.5% |
| Leasing and similar rights | 25 | €136,327 | €125,249 | -€11,078 | -8.1% |
| Financial fixed assets | 28 | €18,161 | €48,597 | +€30,436 | +167.6% |
| Current assets | 29/58 | €3,471,332 | €2,605,582 | -€865,750 | -24.9% |
| Stocks and contracts in progress | 3 | €830,966 | €591,150 | -€239,816 | -28.9% |
| Stocks | 30/36 | €782,016 | €539,720 | -€242,296 | -31.0% |
| Contracts in progress | 37 | €48,950 | €51,430 | +€2,480 | +5.1% |
| Amounts receivable within one year | 40/41 | €2,058,392 | €1,481,526 | -€576,866 | -28.0% |
| Trade receivables | 40 | €1,841,905 | €1,366,502 | -€475,403 | -25.8% |
| Other amounts receivable | 41 | €216,488 | €115,025 | -€101,463 | -46.9% |
| Cash at bank and in hand | 54/58 | €437,634 | €479,809 | +€42,175 | +9.6% |
| Deferred charges and accrued income | 490/1 | €144,340 | €53,096 | -€91,243 | -63.2% |
| Total equity and liabilities | 10/49 | €3,668,657 | €2,925,680 | -€742,976 | -20.3% |
| Equity | 10/15 | €1,378,387 | €1,456,585 | +€78,198 | +5.7% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Capital | 10 | €396,630 | €396,630 | = | 0.0% |
| Issued capital | 100 | €396,630 | €396,630 | = | 0.0% |
| Reserves | 13 | €839,663 | €839,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,663 | €39,663 | = | 0.0% |
| Legal reserve | 130 | €39,663 | €39,663 | = | 0.0% |
| Distributable reserves | 133 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,095 | €220,292 | +€78,198 | +55.0% |
| Amounts payable | 17/49 | €2,290,270 | €1,469,095 | -€821,174 | -35.9% |
| Amounts payable after more than one year | 17 | €107,850 | €85,090 | -€22,760 | -21.1% |
| Financial debts | 170/4 | €107,850 | €85,090 | -€22,760 | -21.1% |
| Amounts payable within one year | 42/48 | €1,883,553 | €1,324,713 | -€558,840 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €50,699 | €61,709 | +€11,010 | +21.7% |
| Financial debts | 43 | €75,719 | €0 | -€75,719 | -100.0% |
| Credit institutions | 430/8 | €75,719 | €0 | -€75,719 | -100.0% |
| Trade debts | 44 | €1,431,902 | €1,029,088 | -€402,815 | -28.1% |
| Suppliers | 440/4 | €1,431,902 | €1,029,088 | -€402,815 | -28.1% |
| Advances received on contracts in progress | 46 | €22,868 | €22,500 | -€368 | -1.6% |
| Taxes, remuneration and social security | 45 | €96,459 | €111,417 | +€14,958 | +15.5% |
| Taxes | 450/3 | €30,660 | €1,267 | -€29,394 | -95.9% |
| Remuneration and social security | 454/9 | €65,798 | €110,150 | +€44,352 | +67.4% |
| Other amounts payable | 47/48 | €205,907 | €100,000 | -€105,907 | -51.4% |
| Accrued charges and deferred income | 492/3 | €298,866 | €59,292 | -€239,575 | -80.2% |
| Non-recurring operating income | 76A | €139,394 | €0 | -€139,394 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,517,808 | €1,410,246 | -€107,562 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,638 | €77,879 | -€11,759 | -13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,191 | -€8,745 | +€5,446 | +38.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€5,907 | -€5,907 | |
| Other operating charges | 640/8 | €18,048 | €11,533 | -€6,515 | -36.1% |
| Operating charges capitalised as restructuring costs | 649 | - | -€30,688 | -€30,688 | |
| Non-recurring operating charges | 66A | €290,000 | €0 | -€290,000 | -100.0% |
| Gross operating margin | 9900 | €1,774,967 | €1,683,912 | -€91,055 | -5.1% |
| Operating profit (loss) | 9901 | -€126,337 | €229,594 | +€355,931 | |
| Financial income | 75/76B | €6,718 | €376 | -€6,342 | -94.4% |
| Recurring financial income | 75 | €6,718 | €376 | -€6,342 | -94.4% |
| Financial charges | 65/66B | €9,233 | €12,691 | +€3,458 | +37.4% |
| Recurring financial charges | 65 | €9,233 | €12,691 | +€3,458 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€128,852 | €217,279 | +€346,131 | |
| Income taxes | 67/77 | €1,773 | €39,082 | +€37,309 | +2104.1% |
| Profit (loss) for the period | 9904 | -€130,625 | €178,198 | +€308,823 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130,625 | €178,198 | +€308,823 |
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 9 October 2026 via checked.be.