RESOR: 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.
RESOR
Largest movements
- Cash -€31,318
down €31,318 (-22.7%), from €138,148 to €106,830
- Tangible fixed assets -€13,297
down €13,297 (-8.2%), from €161,322 to €148,025
- Short-term financial debts -€24,716
down €24,716 (-49.4%), from €50,000 to €25,284
- Other debts +€21,430
up €21,430 (+19.6%), from €109,353 to €130,783
- Accrued charges and deferred income -€14,259
no longer reported in 2025 (was €14,259)
- Debts after one year -€8,547
down €8,547 (-25.2%), from €33,939 to €25,392
- Trade debts -€7,643
down €7,643 (-15.0%), from €51,121 to €43,478
- Gross operating margin +€125,249
up €125,249 (+37.9%), from €330,652 to €455,901
- Staff costs +€79,549
up €79,549 (+70.7%), from €112,493 to €192,042
- Taxes +€25,550
up €25,550 (+60.5%), from €42,200 to €67,750
- Other operating charges -€24,879
down €24,879 (-73.0%), from €34,082 to €9,203
- Depreciation +€5,422
up €5,422 (+29.2%), from €18,539 to €23,961
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,315 | €624,774 | -€33,541 | -5.1% |
| Fixed assets | 21/28 | €162,489 | €153,146 | -€9,343 | -5.7% |
| Intangible fixed assets | 21 | €1,167 | €2,746 | +€1,579 | +135% |
| Tangible fixed assets | 22/27 | €161,322 | €148,025 | -€13,297 | -8.2% |
| Land and buildings | 22 | €54,369 | €48,711 | -€5,658 | -10.4% |
| Plant, machinery and equipment | 23 | €8,811 | €7,205 | -€1,606 | -18.2% |
| Furniture and vehicles | 24 | €17,214 | €14,056 | -€3,158 | -18.3% |
| Other tangible fixed assets | 26 | €80,928 | €78,053 | -€2,875 | -3.6% |
| Financial fixed assets | 28 | - | €2,375 | +€2,375 | |
| Current assets | 29/58 | €495,827 | €471,628 | -€24,199 | -4.9% |
| Stocks and contracts in progress | 3 | €1,184 | - | -€1,184 | |
| Stocks | 30/36 | €1,184 | - | -€1,184 | |
| Amounts receivable within one year | 40/41 | €350,859 | €355,506 | +€4,647 | +1.3% |
| Trade receivables | 40 | €141,127 | €94,550 | -€46,577 | -33.0% |
| Other amounts receivable | 41 | €209,732 | €260,956 | +€51,224 | +24.4% |
| Cash at bank and in hand | 54/58 | €138,148 | €106,830 | -€31,318 | -22.7% |
| Deferred charges and accrued income | 490/1 | €5,636 | €9,292 | +€3,656 | +64.9% |
| Total equity and liabilities | 10/49 | €658,315 | €624,774 | -€33,541 | -5.1% |
| Equity | 10/15 | €317,660 | €322,708 | +€5,048 | +1.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €190,881 | €190,881 | -€0 | 0.0% |
| Distributable reserves | 133 | €190,881 | €190,881 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €123,778 | €128,827 | +€5,049 | +4.1% |
| Amounts payable | 17/49 | €340,655 | €302,066 | -€38,589 | -11.3% |
| Amounts payable after more than one year | 17 | €33,939 | €25,392 | -€8,547 | -25.2% |
| Financial debts | 170/4 | €33,939 | €25,392 | -€8,547 | -25.2% |
| Amounts payable within one year | 42/48 | €292,458 | €276,674 | -€15,784 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €5,427 | €5,753 | +€326 | +6.0% |
| Financial debts | 43 | €50,000 | €25,284 | -€24,716 | -49.4% |
| Other loans | 439 | €50,000 | €25,284 | -€24,716 | -49.4% |
| Trade debts | 44 | €51,121 | €43,478 | -€7,643 | -15.0% |
| Suppliers | 440/4 | €51,121 | €43,478 | -€7,643 | -15.0% |
| Taxes, remuneration and social security | 45 | €76,557 | €71,376 | -€5,181 | -6.8% |
| Taxes | 450/3 | €55,551 | €51,710 | -€3,841 | -6.9% |
| Remuneration and social security | 454/9 | €21,006 | €19,666 | -€1,340 | -6.4% |
| Other amounts payable | 47/48 | €109,353 | €130,783 | +€21,430 | +19.6% |
| Accrued charges and deferred income | 492/3 | €14,259 | - | -€14,259 | |
| Remuneration, social security and pensions | 62 | €112,493 | €192,042 | +€79,549 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,539 | €23,961 | +€5,422 | +29.2% |
| Other operating charges | 640/8 | €34,082 | €9,203 | -€24,879 | -73.0% |
| Gross operating margin | 9900 | €330,652 | €455,901 | +€125,249 | +37.9% |
| Operating profit (loss) | 9901 | €165,539 | €230,695 | +€65,156 | +39.4% |
| Financial income | 75/76B | €282 | €1 | -€281 | -99.6% |
| Recurring financial income | 75 | €282 | €1 | -€281 | -99.6% |
| Financial charges | 65/66B | €3,657 | €6,897 | +€3,240 | +88.6% |
| Recurring financial charges | 65 | €3,657 | €6,897 | +€3,240 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €162,164 | €223,799 | +€61,635 | +38.0% |
| Income taxes | 67/77 | €42,200 | €67,750 | +€25,550 | +60.5% |
| Profit (loss) for the period | 9904 | €119,964 | €156,049 | +€36,085 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,964 | €156,049 | +€36,085 | +30.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.