RESOF: 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.
RESOF
Largest movements
- Tangible fixed assets -€34,589
down €34,589 (-10.3%), from €336,533 to €301,943
- Current assets +€12,277
up €12,277 (+16.7%), from €73,566 to €85,843
of which Receivables within one year: +€19,841
- Debts within one year -€56,188
down €56,188 (-21.4%), from €263,107 to €206,919
of which Trade debts: -€118,416
- Equity +€47,648
up €47,648 (+82.6%), from -€57,653 to -€10,005
of which Profit (loss) carried forward: +€47,648
- Debts after one year -€15,117
down €15,117 (-7.2%), from €208,680 to €193,563
- Gross operating margin +€113,604
up €113,604 (+116%), from €98,315 to €211,919
- Staff costs +€106,082
new in 2021: €106,082
- Financial charges +€6,176
new in 2021: €6,176
- Other operating charges +€2,589
new in 2021: €2,589
- Taxes +€2,296
up €2,296 (+465%), from €494 to €2,790
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,134 | €390,476 | -€23,658 | -5.7% |
| Formation expenses | 20 | €4,035 | €2,690 | -€1,345 | -33.3% |
| Fixed assets | 21/28 | €336,533 | €301,943 | -€34,589 | -10.3% |
| Tangible fixed assets | 22/27 | €336,533 | €301,943 | -€34,589 | -10.3% |
| Land and buildings | 22 | - | €211,547 | +€211,547 | |
| Plant, machinery and equipment | 23 | - | €58,601 | +€58,601 | |
| Furniture and vehicles | 24 | - | €31,795 | +€31,795 | |
| Current assets | 29/58 | €73,566 | €85,843 | +€12,277 | +16.7% |
| Stocks and contracts in progress | 3 | €900 | €900 | = | 0.0% |
| Stocks | 30/36 | - | €900 | +€900 | |
| Amounts receivable within one year | 40/41 | €40,534 | €60,375 | +€19,841 | +48.9% |
| Trade receivables | 40 | - | €60,375 | +€60,375 | |
| Cash at bank and in hand | 54/58 | €10,014 | €22,154 | +€12,140 | +121% |
| Deferred charges and accrued income | 490/1 | - | €2,413 | +€2,413 | |
| Total equity and liabilities | 10/49 | €414,134 | €390,476 | -€23,658 | -5.7% |
| Equity | 10/15 | -€57,653 | -€10,005 | +€47,648 | +82.6% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €123 | €123 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €123 | +€123 | |
| Reserves not available under the articles | 1311 | - | €123 | +€123 | |
| Profit (loss) carried forward | 14 | -€76,376 | -€28,728 | +€47,648 | +62.4% |
| Amounts payable | 17/49 | €471,787 | €400,481 | -€71,306 | -15.1% |
| Amounts payable after more than one year | 17 | €208,680 | €193,563 | -€15,117 | -7.2% |
| Financial debts | 170/4 | - | €193,563 | +€193,563 | |
| Amounts payable within one year | 42/48 | €263,107 | €206,919 | -€56,188 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,416 | +€16,416 | |
| Trade debts | 44 | €127,356 | €8,940 | -€118,416 | -93.0% |
| Suppliers | 440/4 | - | €8,940 | +€8,940 | |
| Taxes, remuneration and social security | 45 | - | €31,146 | +€31,146 | |
| Taxes | 450/3 | - | €8,498 | +€8,498 | |
| Remuneration and social security | 454/9 | - | €22,648 | +€22,648 | |
| Other amounts payable | 47/48 | - | €150,417 | +€150,417 | |
| Remuneration, social security and pensions | 62 | - | €106,082 | +€106,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,830 | €45,775 | -€55 | -0.1% |
| Other operating charges | 640/8 | - | €2,589 | +€2,589 | |
| Non-recurring operating charges | 66A | - | €860 | +€860 | |
| Gross operating margin | 9900 | €98,315 | €211,919 | +€113,604 | +116% |
| Operating profit (loss) | 9901 | -€36,480 | €56,614 | +€93,094 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | - | €6,176 | +€6,176 | |
| Recurring financial charges | 65 | €7,267 | €6,176 | -€1,091 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,746 | €50,438 | +€94,184 | |
| Income taxes | 67/77 | €494 | €2,790 | +€2,296 | +465% |
| Profit (loss) for the period | 9904 | -€44,240 | €47,648 | +€91,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,240 | €47,648 | +€91,888 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.