RESON: 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.
RESON
Largest movements
- Receivables within one year +€728,941
up €728,941 (+2010.9%), from €36,250 to €765,191
- Stocks and contracts +€681,411
up €681,411 (+60.4%), from €1.1m to €1.8m
- Cash +€317,490
up €317,490 (+52.2%), from €607,718 to €925,208
mainly Advances received (+€1.1m) and Trade debts (+€816,562)
- Advances received +€1.1m
up €1.1m (+150.6%), from €745,685 to €1.9m
- Trade debts +€816,562
up €816,562 (+389.9%), from €209,424 to €1.0m
- Current portion of long-term debt -€267,886
down €267,886 (-100.0%), from €267,886 to €0
- Gross operating margin -€17,023
down €17,023 (-77.2%), from €22,043 to €5,020
- Taxes -€4,512
down €4,512 (-90.2%), from €5,000 to €488
- Financial charges +€1,528
up €1,528 (+163.0%), from €938 to €2,466
- Depreciation -€1,062
down €1,062 (-100.0%), from €1,062 to €0
- Financial income +€767
new in 2025: €767
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 | €1,781,482 | €3,500,041 | +€1.7m | +96.5% |
| Current assets | 29/58 | €1,781,482 | €3,500,041 | +€1.7m | +96.5% |
| Stocks and contracts in progress | 3 | €1,128,230 | €1,809,641 | +€681,411 | +60.4% |
| Contracts in progress | 37 | €1,128,230 | €1,809,641 | +€681,411 | +60.4% |
| Amounts receivable within one year | 40/41 | €36,250 | €765,191 | +€728,941 | +2010.9% |
| Trade receivables | 40 | €36,250 | €765,191 | +€728,941 | +2010.9% |
| Cash at bank and in hand | 54/58 | €607,718 | €925,208 | +€317,490 | +52.2% |
| Deferred charges and accrued income | 490/1 | €9,284 | €0 | -€9,284 | -100.0% |
| Total equity and liabilities | 10/49 | €1,781,482 | €3,500,041 | +€1.7m | +96.5% |
| Equity | 10/15 | €34,196 | €36,465 | +€2,269 | +6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,196 | €16,465 | +€2,269 | +16.0% |
| Distributable reserves | 133 | €14,196 | €16,465 | +€2,269 | +16.0% |
| Amounts payable | 17/49 | €1,747,287 | €3,463,576 | +€1.7m | +98.2% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,397,287 | €3,113,576 | +€1.7m | +122.8% |
| Current portion of amounts payable after more than one year | 42 | €267,886 | €0 | -€267,886 | -100.0% |
| Trade debts | 44 | €209,424 | €1,025,986 | +€816,562 | +389.9% |
| Suppliers | 440/4 | €209,424 | €1,025,986 | +€816,562 | +389.9% |
| Advances received on contracts in progress | 46 | €745,685 | €1,868,498 | +€1.1m | +150.6% |
| Taxes, remuneration and social security | 45 | €155,215 | €189,039 | +€33,825 | +21.8% |
| Taxes | 450/3 | €155,215 | €189,039 | +€33,825 | +21.8% |
| Other amounts payable | 47/48 | €19,077 | €30,053 | +€10,976 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €0 | -€1,062 | -100.0% |
| Other operating charges | 640/8 | €847 | €564 | -€283 | -33.5% |
| Gross operating margin | 9900 | €22,043 | €5,020 | -€17,023 | -77.2% |
| Operating profit (loss) | 9901 | €20,134 | €4,456 | -€15,678 | -77.9% |
| Financial income | 75/76B | - | €767 | +€767 | |
| Recurring financial income | 75 | - | €767 | +€767 | |
| Financial charges | 65/66B | €938 | €2,466 | +€1,528 | +163.0% |
| Recurring financial charges | 65 | €938 | €2,466 | +€1,528 | +163.0% |
| Profit (loss) for the period before taxes | 9903 | €19,196 | €2,757 | -€16,438 | -85.6% |
| Income taxes | 67/77 | €5,000 | €488 | -€4,512 | -90.2% |
| Profit (loss) for the period | 9904 | €14,196 | €2,269 | -€11,927 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,196 | €2,269 | -€11,927 | -84.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.