RESOFIN: 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.
RESOFIN
Largest movements
- Receivables after one year -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Cash +€24,943
up €24,943 (+67.8%), from €36,799 to €61,742
mainly Net result for the year (+€52,652) and Receivables after one year (+€35,000)
- Current investments -€19,823
down €19,823 (-35.0%), from €56,703 to €36,879
- Tangible fixed assets -€15,506
down €15,506 (-42.4%), from €36,577 to €21,071
of which Furniture and vehicles: -€11,928
- Receivables within one year +€10,671
up €10,671, from €0 to €10,671
of which Other amounts receivable: +€10,000
- Reserves -€41,781
down €41,781 (-31.3%), from €133,567 to €91,786
of which Distributable reserves: -€41,781
- Other debts +€13,237
up €13,237 (+25.4%), from €52,012 to €65,249
- Debts after one year -€7,934
down €7,934 (-100.0%), from €7,934 to €0
- Tax, wage and social debts -€6,508
down €6,508 (-79.9%), from €8,144 to €1,636
- Trade debts +€2,393
up €2,393 (+921.4%), from €260 to €2,653
- Gross operating margin +€3,480
up €3,480 (+4.0%), from €86,157 to €89,636
- Financial income +€1,209
up €1,209 (+43.7%), from €2,766 to €3,976
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 | €212,726 | €169,304 | -€43,422 | -20.4% |
| Fixed assets | 21/28 | €62,388 | €38,310 | -€24,078 | -38.6% |
| Intangible fixed assets | 21 | €23,513 | €14,941 | -€8,571 | -36.5% |
| Tangible fixed assets | 22/27 | €36,577 | €21,071 | -€15,506 | -42.4% |
| Plant, machinery and equipment | 23 | €1,492 | €1,019 | -€473 | -31.7% |
| Furniture and vehicles | 24 | €25,173 | €13,245 | -€11,928 | -47.4% |
| Other tangible fixed assets | 26 | €9,913 | €6,807 | -€3,105 | -31.3% |
| Financial fixed assets | 28 | €2,298 | €2,298 | = | 0.0% |
| Current assets | 29/58 | €150,338 | €130,994 | -€19,344 | -12.9% |
| Amounts receivable after more than one year | 29 | €35,000 | €0 | -€35,000 | -100.0% |
| Other amounts receivable | 291 | €35,000 | €0 | -€35,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | €10,671 | +€10,671 | |
| Trade receivables | 40 | €0 | €671 | +€671 | |
| Other amounts receivable | 41 | €0 | €10,000 | +€10,000 | |
| Current investments | 50/53 | €56,703 | €36,879 | -€19,823 | -35.0% |
| Cash at bank and in hand | 54/58 | €36,799 | €61,742 | +€24,943 | +67.8% |
| Deferred charges and accrued income | 490/1 | €21,837 | €21,701 | -€135 | -0.6% |
| Total equity and liabilities | 10/49 | €212,726 | €169,304 | -€43,422 | -20.4% |
| Equity | 10/15 | €135,793 | €91,787 | -€44,006 | -32.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €133,567 | €91,786 | -€41,781 | -31.3% |
| Tax-exempt reserves | 132 | €396 | €396 | = | 0.0% |
| Distributable reserves | 133 | €133,171 | €91,390 | -€41,781 | -31.4% |
| Profit (loss) carried forward | 14 | €2,225 | €0 | -€2,225 | -100.0% |
| Amounts payable | 17/49 | €76,933 | €77,517 | +€584 | +0.8% |
| Amounts payable after more than one year | 17 | €7,934 | €0 | -€7,934 | -100.0% |
| Financial debts | 170/4 | €7,934 | €0 | -€7,934 | -100.0% |
| Amounts payable within one year | 42/48 | €68,950 | €77,472 | +€8,523 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €8,534 | €7,934 | -€599 | -7.0% |
| Trade debts | 44 | €260 | €2,653 | +€2,393 | +921.4% |
| Suppliers | 440/4 | €260 | €2,653 | +€2,393 | +921.4% |
| Taxes, remuneration and social security | 45 | €8,144 | €1,636 | -€6,508 | -79.9% |
| Taxes | 450/3 | €8,144 | €1,636 | -€6,508 | -79.9% |
| Other amounts payable | 47/48 | €52,012 | €65,249 | +€13,237 | +25.4% |
| Accrued charges and deferred income | 492/3 | €49 | €45 | -€4 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,078 | €24,078 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,684 | €1,725 | +€41 | +2.4% |
| Gross operating margin | 9900 | €86,157 | €89,636 | +€3,480 | +4.0% |
| Operating profit (loss) | 9901 | €60,395 | €63,834 | +€3,439 | +5.7% |
| Financial income | 75/76B | €2,766 | €3,976 | +€1,209 | +43.7% |
| Recurring financial income | 75 | €2,766 | €3,976 | +€1,209 | +43.7% |
| Financial charges | 65/66B | €363 | €505 | +€141 | +38.9% |
| Recurring financial charges | 65 | €363 | €505 | +€141 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €62,798 | €67,305 | +€4,507 | +7.2% |
| Income taxes | 67/77 | €14,199 | €14,653 | +€454 | +3.2% |
| Profit (loss) for the period | 9904 | €48,599 | €52,652 | +€4,053 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,599 | €52,652 | +€4,053 | +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 10 October 2026 via checked.be.