RESOL: 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.
RESOL
Largest movements
- Cash +€549,856
up €549,856 (+804.2%), from €68,373 to €618,229
mainly Receivables within one year (+€431,543) and Trade debts (+€207,353)
- Receivables within one year -€431,543
down €431,543 (-40.8%), from €1.1m to €626,136
of which Other amounts receivable: -€520,224
- Current investments +€250,660
up €250,660 (+83.6%), from €300,000 to €550,660
- Tangible fixed assets -€59,590
down €59,590 (-16.3%), from €366,613 to €307,023
- Trade debts +€207,353
up €207,353 (+33.1%), from €626,335 to €833,688
- Reserves +€161,878
up €161,878 (+22.2%), from €730,541 to €892,419
of which Distributable reserves: +€179,566
- Accrued charges and deferred income -€50,487
down €50,487 (-54.9%), from €92,045 to €41,558
- Gross operating margin +€405,677
up €405,677 (+118.6%), from €342,004 to €747,681
- Staff costs +€236,507
up €236,507 (+139.1%), from €170,062 to €406,569
- Other operating charges +€57,472
up €57,472 (+616.6%), from €9,321 to €66,793
- Depreciation +€48,422
up €48,422 (+163.1%), from €29,689 to €78,111
- Financial charges +€16,554
up €16,554 (+84.8%), from €19,519 to €36,072
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,809,422 | €2,108,472 | +€299,050 | +16.5% |
| Fixed assets | 21/28 | €371,043 | €311,048 | -€59,995 | -16.2% |
| Tangible fixed assets | 22/27 | €366,613 | €307,023 | -€59,590 | -16.3% |
| Plant, machinery and equipment | 23 | €143,026 | €114,133 | -€28,893 | -20.2% |
| Furniture and vehicles | 24 | €37,509 | €19,093 | -€18,417 | -49.1% |
| Other tangible fixed assets | 26 | €186,078 | €173,797 | -€12,280 | -6.6% |
| Financial fixed assets | 28 | €4,430 | €4,025 | -€405 | -9.1% |
| Current assets | 29/58 | €1,438,379 | €1,797,424 | +€359,045 | +25.0% |
| Amounts receivable within one year | 40/41 | €1,057,679 | €626,136 | -€431,543 | -40.8% |
| Trade receivables | 40 | €537,455 | €626,136 | +€88,681 | +16.5% |
| Other amounts receivable | 41 | €520,224 | - | -€520,224 | |
| Current investments | 50/53 | €300,000 | €550,660 | +€250,660 | +83.6% |
| Cash at bank and in hand | 54/58 | €68,373 | €618,229 | +€549,856 | +804.2% |
| Deferred charges and accrued income | 490/1 | €12,327 | €2,399 | -€9,928 | -80.5% |
| Total equity and liabilities | 10/49 | €1,809,422 | €2,108,472 | +€299,050 | +16.5% |
| Equity | 10/15 | €865,541 | €1,027,419 | +€161,878 | +18.7% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Capital | 10 | €135,000 | €135,000 | = | 0.0% |
| Issued capital | 100 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €730,541 | €892,419 | +€161,878 | +22.2% |
| Non-distributable reserves | 130/1 | €13,500 | €13,500 | = | 0.0% |
| Legal reserve | 130 | €13,500 | €13,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,093 | €41,405 | -€17,688 | -29.9% |
| Distributable reserves | 133 | €657,948 | €837,514 | +€179,566 | +27.3% |
| Provisions and deferred taxes | 16 | €19,698 | €13,802 | -€5,896 | -29.9% |
| Deferred taxes | 168 | €19,698 | €13,802 | -€5,896 | -29.9% |
| Amounts payable | 17/49 | €924,183 | €1,067,251 | +€143,068 | +15.5% |
| Amounts payable after more than one year | 17 | €110,242 | €90,085 | -€20,158 | -18.3% |
| Financial debts | 170/4 | €110,242 | €90,085 | -€20,158 | -18.3% |
| Amounts payable within one year | 42/48 | €721,896 | €935,608 | +€213,712 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €19,293 | €20,158 | +€865 | +4.5% |
| Trade debts | 44 | €626,335 | €833,688 | +€207,353 | +33.1% |
| Suppliers | 440/4 | €626,335 | €833,688 | +€207,353 | +33.1% |
| Taxes, remuneration and social security | 45 | €76,268 | €81,762 | +€5,495 | +7.2% |
| Taxes | 450/3 | €28,982 | €13,370 | -€15,612 | -53.9% |
| Remuneration and social security | 454/9 | €47,286 | €68,393 | +€21,107 | +44.6% |
| Accrued charges and deferred income | 492/3 | €92,045 | €41,558 | -€50,487 | -54.9% |
| Remuneration, social security and pensions | 62 | €170,062 | €406,569 | +€236,507 | +139.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,689 | €78,111 | +€48,422 | +163.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,650 | -€862 | -€5,513 | |
| Other operating charges | 640/8 | €9,321 | €66,793 | +€57,472 | +616.6% |
| Gross operating margin | 9900 | €342,004 | €747,681 | +€405,677 | +118.6% |
| Operating profit (loss) | 9901 | €128,281 | €197,070 | +€68,789 | +53.6% |
| Financial income | 75/76B | €20,685 | €30,636 | +€9,951 | +48.1% |
| Recurring financial income | 75 | €20,685 | €30,636 | +€9,951 | +48.1% |
| Financial charges | 65/66B | €19,519 | €36,072 | +€16,554 | +84.8% |
| Recurring financial charges | 65 | €19,519 | €36,072 | +€16,554 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €129,447 | €191,634 | +€62,187 | +48.0% |
| Transfer from deferred taxes | 780 | €326 | €5,896 | +€5,570 | +1706.8% |
| Transfer to deferred taxes | 680 | €20,024 | - | -€20,024 | |
| Income taxes | 67/77 | €35,757 | €35,651 | -€106 | -0.3% |
| Profit (loss) for the period | 9904 | €73,992 | €161,878 | +€87,886 | +118.8% |
| Transfer from tax-exempt reserves | 789 | €979 | €17,688 | +€16,709 | +1706.8% |
| Transfer to tax-exempt reserves | 689 | €60,072 | - | -€60,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,899 | €179,566 | +€164,667 | +1105.2% |
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 4 October 2026 via checked.be.